Develop Global Management

Management criteria checks 2/4

Develop Global's CEO is Bill Beament, appointed in Jul 2021, has a tenure of 3.33 years. total yearly compensation is A$2.03M, comprised of 18.9% salary and 81.1% bonuses, including company stock and options. directly owns 18.59% of the company’s shares, worth €60.00M. The average tenure of the management team and the board of directors is 1.8 years and 3.3 years respectively.

Key information

Bill Beament

Chief executive officer

AU$2.0m

Total compensation

CEO salary percentage	18.9%
CEO tenure	3.3yrs
CEO ownership	18.6%
Management average tenure	1.8yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Beament's remuneration changed compared to Develop Global's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$2m	AU$383k	-AU$12m
Mar 31 2024	n/a	n/a	-AU$14m
Dec 31 2023	n/a	n/a	-AU$15m
Sep 30 2023	n/a	n/a	-AU$17m
Jun 30 2023	AU$2m	AU$246k	-AU$18m
Mar 31 2023	n/a	n/a	-AU$13m
Dec 31 2022	n/a	n/a	-AU$9m
Sep 30 2022	n/a	n/a	-AU$9m
Jun 30 2022	AU$288k	AU$249k	-AU$9m

Compensation vs Market: Bill's total compensation ($USD1.32M) is about average for companies of similar size in the German market ($USD1.03M).

Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.

CEO

Bill Beament (49 yo)

3.3yrs

Tenure

AU$2,029,700

Compensation

Mr. William James Beament, also known as Bill, B.Eng-Mining (Hons), MAICD, serves as Director of Essential Metals Limited since November 6, 2023. He serves as Managing Director at Develop Global Limited (f...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Beament	MD & Director	3.3yrs	AU$2.03m	18.59% € 60.0m
Ben MacKinnon	Chief Financial Officer	1.8yrs	AU$547.46k	0.013% € 41.1k
Elle Farris	General Counsel & Company Secretary	1.4yrs	no data	no data
Guy Singleton	Chief External Affairs Officer	1.8yrs	no data	no data

1.8yrs

Average Tenure

Experienced Management: IHB1's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
William Beament	MD & Director	3.3yrs	AU$2.03m	18.59% € 60.0m
Michael Blakiston	Independent Non-Executive Chairman	3.4yrs	AU$165.68k	no data
Justine Magee	Non-Executive Director	1.5yrs	AU$109.64k	no data
Shirley In't Veld	Independent Non-Executive Director	3.3yrs	AU$78.81k	0.055% € 178.3k

3.3yrs

Average Tenure

66yo

Average Age

Experienced Board: IHB1's board of directors are considered experienced (3.3 years average tenure).

Develop Global Management

Management criteria checks 2/4

Key information

Recent management updates

Develop Global Limited, Annual General Meeting, Nov 08, 2024

Develop Global Limited, Annual General Meeting, Nov 16, 2023

Develop Global Limited, Annual General Meeting, Nov 16, 2023

High number of new and inexperienced directors

Develop Appoints Elle Farris as General Counsel and Company Secretary, Effective 26 June 2023

Develop Global Limited Appoints Justine Magee as Non-Executive Director

Recent updates

Forecast breakeven date pushed back to 2026

Forecast breakeven date pushed back to 2026

Develop Global Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.

Full year 2024 earnings released: AU$0.053 loss per share (vs AU$0.11 loss in FY 2023)

New minor risk - Financial data availability

Develop Global Limited, Annual General Meeting, Nov 08, 2024

Forecast breakeven date pushed back to 2025

Forecast to breakeven in 2024

New major risk - Financial position

Forecast breakeven date moved forward to 2024

Develop Global Limited, Annual General Meeting, Nov 16, 2023

New major risk - Revenue and earnings growth

Develop Global Limited(ASX:DVP) dropped from S&P/ASX Emerging Companies Index

Develop Global Limited, Annual General Meeting, Nov 16, 2023

New minor risk - Financial data availability

New major risk - Financial position

High number of new and inexperienced directors

Develop Appoints Elle Farris as General Counsel and Company Secretary, Effective 26 June 2023

Develop Global Limited Appoints Justine Magee as Non-Executive Director

First half 2023 earnings released: AU$0.039 loss per share (vs AU$0.048 loss in 1H 2022)

Develop Global Limited Announces Resignation of Mick McMullen as a Non-Executive Director

Develop Global Limited Announces the Resignation of Michelle Woolhouse as Non-executive Director

High number of new and inexperienced directors

Develop Appoints Ben Mackinnon as Chief Financial Officer, Effective from Early 2023

Develop Global Limited Announces Resignation of Michelle Woolhouse as Director

Develop Global Limited, Annual General Meeting, Nov 29, 2022

Forecast breakeven date pushed back to 2024

Full year 2022 earnings released: AU$0.064 loss per share (vs AU$1.13 loss in FY 2021)

Develop Global Limited Takes Step Towards Developing its Sulphur Springs Zinc-Copper Project

Develop Global Limited Takes Step Towards Developing its Sulphur Springs Zinc-Copper Project

Develop Appoints Alan Rule as Interim Chief Financial Officer, Effective September 1, 2022

Develop Global Limited Announces Company Secretary Changes

Develop Global Limited Provides Woodlawn Updated Mineral Resource Estimate

Develop Global Limited (ASX:DVP) completed the acquisition of Heron Resources Limited (ASX:HRR) from OMF Fund II (H) LP, managed by Orion Mine Finance, Castlelake, L.P., Nomad Royalty Company Ltd. (TSX:NSR) and others.

Develop Global Limited (ASX:DVP) completed the acquisition of Heron Resources Limited (ASX:HRR) from OMF Fund II (H) LP, managed by Orion Mine Finance, Castlelake, L.P., Nomad Royalty Company Ltd. (TSX:NSR) and others.

Develop Global Limited Announces High Grade Assay Results At Sulphur Springs Project

High number of new and inexperienced directors

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Develop Announces More Strong Drilling Results Which Point to A Significant Resource Upgrade at Its Sulphur Springs Copper-Zinc-Silver Project in WA's Pilbara

High number of new and inexperienced directors

High number of new and inexperienced directors

Full year 2021 earnings released: AU$0.23 loss per share (vs AU$0.014 loss in FY 2020)

Interim CEO & Executive Director Anthony Reilly has left the company

Venturex Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.961639 million.

Venturex Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 14.00301 million.

Non-Executive Director Craig McGown has left the company

Insider recently sold €363k worth of stock

Independent Non-Executive Chairman Anthony Kiernan has left the company

First half 2021 earnings released: AU$0.007 loss per share (vs AU$0.01 loss in 1H 2020)

Venturex Resources Limited Appoints Mr. Beament as Executive Director, Effective from July 1, 2021

Venturex Resources Limited announced that it expects to receive AUD 14.00301 million in funding

New 90-day high: €0.21

Non-Executive Director has left the company

Venturex Resources Limited Appoints Michael McMullen as Director

Venturex Resources Ltd Announces Changes to the Board

Venturex Resources Ltd Announces Sulphur Springs Exploration Update

Venturex Resources Ltd Announces Sulphur Springs Exploration Drilling Update

Venturex Resources Limited Provide an Exploration Update on Sulphur Springs Copper-Zinc Project

Venturex Resources Limited announced that it has received AUD 2.500889 million in funding from Northern Star Resources Limited

Venturex Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.037746 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age