Matsa Resources Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Paul Poli

Chief executive officer

AU$338.4k

Total compensation

CEO salary percentage	89.3%
CEO tenure	15.9yrs
CEO ownership	2.5%
Management average tenure	no data
Board average tenure	14.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paul Poli's remuneration changed compared to Matsa Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$338k	AU$302k	-AU$5m
Mar 31 2024	n/a	n/a	-AU$5m
Dec 31 2023	n/a	n/a	-AU$5m
Sep 30 2023	n/a	n/a	-AU$2m
Jun 30 2023	AU$346k	AU$292k	-AU$819k
Mar 31 2023	n/a	n/a	-AU$1m
Dec 31 2022	n/a	n/a	-AU$1m
Sep 30 2022	n/a	n/a	-AU$3m
Jun 30 2022	AU$357k	AU$329k	-AU$4m
Mar 31 2022	n/a	n/a	-AU$1m
Dec 31 2021	n/a	n/a	AU$1m
Sep 30 2021	n/a	n/a	AU$1m
Jun 30 2021	AU$351k	AU$328k	AU$791k
Mar 31 2021	n/a	n/a	-AU$1m
Dec 31 2020	n/a	n/a	-AU$3m
Sep 30 2020	n/a	n/a	-AU$4m
Jun 30 2020	AU$495k	AU$331k	-AU$5m
Mar 31 2020	n/a	n/a	-AU$7m
Dec 31 2019	n/a	n/a	-AU$8m
Sep 30 2019	n/a	n/a	-AU$7m
Jun 30 2019	AU$608k	AU$342k	-AU$5m
Mar 31 2019	n/a	n/a	-AU$4m
Dec 31 2018	n/a	n/a	-AU$3m
Sep 30 2018	n/a	n/a	-AU$4m
Jun 30 2018	AU$362k	AU$342k	-AU$5m

Compensation vs Market: Paul's total compensation ($USD219.90K) is below average for companies of similar size in the German market ($USD474.54K).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.

CEO

Paul Poli

15.9yrs

Tenure

AU$338,410

Compensation

Mr. Paul Poli, B.Com., FCPA, serves as Executive Chairman and Managing Director of Matsa Resources Ltd and has been its Director since December 23, 2008. He has been the Chairman of the Board at Bulletin R...

Board Members

Name	Position	Tenure	Compensation	Ownership
Paul Poli	Executive Chairman & MD	15.9yrs	AU$338.41k	2.54% € 436.4k
Andrew Chapman	CFO, Company Secretary & Executive Director	14.9yrs	AU$181.12k	0.19% € 33.5k
Pascal Blampain	Technical Director & Executive Director	3.8yrs	AU$318.06k	0.25% € 43.2k
Ratha Kheowkhamsaeng	Executive Director of Thailand	no data	no data	no data

14.9yrs

Average Tenure

Experienced Board: KB2's board of directors are seasoned and experienced ( 14.9 years average tenure).

Matsa Resources Management

Management criteria checks 3/4

Key information

Recent management updates

Matsa Resources Limited, Annual General Meeting, Oct 03, 2023

No independent directors

Matsa Resources Limited, Annual General Meeting, Nov 25, 2022

No independent directors

Matsa Resources Limited Appoints Pascal Blampain as an Executive Director

Recent updates

Matsa Resources Limited has completed a Derivatives Offering in the amount of AUD 0.260035 million.

Matsa Resources Limited has announced a Derivatives Offering in the amount of AUD 0.325044 million.

Matsa Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.374233 million.

Matsa Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.149533 million.

Matsa Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.149533 million.

New major risk - Financial position

Matsa Resources Limited, Annual General Meeting, Oct 03, 2023

New minor risk - Shareholder dilution

Matsa Resources Limited Announces Commencement of RC Drilling at Fortitude North - Lake Carey

Matsa Resources Limited Provides an Update of Drilling Results from the Devon Pit in Western Australia's Eastern Goldfields

No independent directors

Matsa Resources Limited, Annual General Meeting, Nov 25, 2022

Matsa Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.976 million.

Matsa Resources Limited Provides an Update on Its Exploration Drilling Results At the Lake Carey Gold Project

IGO Newsearch Pty Ltd entered into an agreement to acquire 70% Symons Hill project of Matsa Resources Limited (ASX:MAT) for AUD 0.6 million.

No independent directors

Matsa Resources Limited Recommences Active Exploration in Thailand

Matsa Resources Limited Reports Positive and Significant Results from Its Recently Updated Scoping Study for the Fortitude Pit

Full year 2021 earnings released: AU$0.036 loss per share (vs AU$0.025 loss in FY 2020)

Matsa Resources Limited announced that it expects to receive AUD 3.37535 million in funding

Matsa Resources Limited Announces New High Grade Gold Results Boosts Devon - Lake Carey Gold Project

Matsa Resources Limited Announces Complete Diamond Drill Hole of E69/3070 Symons Hill Tenement in the Fraser Range, Targeting Nickel

Matsa Resources Limited Announces Mineral Resource Estimate for the Bindah Deposit Located in the Fortitude Hub of the Company's Lake Carey Gold Project

Matsa Resources Limited Announces Drilling Update from Devon Completed Lake Carey Gold Project

Matsa Resources Limited Announces Reverse Circulation Drilling Has Commenced over 6 High Priority Target Areas at Devon

Matsa Resources Limited Announce Results from Recently Completed Soils Programme at Devon

Matsa Resources Limited Announces Updates on Lake Carey Gold Project

Matsa Resources Limited Announces Magnetic Survey Highlights New Targets at Devon ­ Lake Carey Gold Project

Matsa Resources Limited Appoints Pascal Blampain as an Executive Director

Matsa Resources Limited Announces Assay Results from the First Aircore Drilling Program At the Lake Rebecca Gold Project

Apollo Consolidated Limited (ASX:AOP) acquired 400m wide strip of Lake Rebecca gold project from Bulletin Resources Limited (ASX:BNR) and Matsa Resources Limited (ASX:MAT) for AUD 5.6 million.

Matsa Resources Limited Outlines New Business Strategy and Strategic Pathway Centred on Resource Growth Through a Targeted Exploration Drive to Support a Proposed 100% Matsa Owned, 600,000Tpa Treatment Plant

Matsa Resources Limited Announces Positive Concept Study 600,000tpa Gold-Ore Treatment Plant Lake Carey Project

Matsa Resources Limited Announces Olympic High Grade Results Enhances Devon Gold Project

Matsa Resources Limited Announces Amended High Grade Results and Resource At Red October

Matsa Resources Limited Provides an Update on Red October Resource

Matsa Resources Limited Provides an Update on the Underground Drilling Program Currently Progressing at Red October Gold Mine

Matsa Resources Limited Provides Update on Drilling Program at Red October Gold Mine

Matsa Resources Limited Commences 5,400M RC Drill Program At the Devon Gold Mine

Full year earnings released - €0.025 loss per share

Matsa Resources Limited announced that it has received AUD 1.55 million in funding from Deutsche Balaton AG

Matsa Resources Limited announced that it expects to receive AUD 6.611901 million in funding

Matsa Resources Limited (ASX:MAT) acquired Olympic lease from GME Resources Limited (ASX:GME).

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Matsa Resources Limited Announces Magnetic Survey Highlights New Targets at Devon Lake Carey Gold Project