Northern Minerals Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Shane Anthony Hartwig

Chief executive officer

AU$772.5k

Total compensation

CEO salary percentage	59.8%
CEO tenure	1.9yrs
CEO ownership	n/a
Management average tenure	1.8yrs
Board average tenure	3.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Shane Anthony Hartwig's remuneration changed compared to Northern Minerals's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$773k	AU$462k	-AU$32m
Mar 31 2024	n/a	n/a	-AU$30m
Dec 31 2023	n/a	n/a	-AU$29m
Sep 30 2023	n/a	n/a	-AU$26m
Jun 30 2023	AU$628k	AU$261k	-AU$22m

Compensation vs Market: Shane Anthony's total compensation ($USD508.43K) is about average for companies of similar size in the German market ($USD486.57K).

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

CEO

Shane Anthony Hartwig

1.9yrs

Tenure

AU$772,502

Compensation

Mr. Shane Anthony Hartwig, B.Bus, CPA, ACIS, serves as Finance Director of Northern Minerals Limited since 2024 and serves as its Director since December 2, 2022 and serves as its MD and CEO since May 27,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Adam Handley	Executive Chairman	2.9yrs	AU$1.34m	no data
Shane Anthony Hartwig	MD, CEO	1.9yrs	AU$772.50k	no data
Angela Glover	Chief Operating Officer	1.3yrs	AU$363.42k	no data
Hayley Patton	Head of People & Culture	no data	AU$363.06k	0.0044% € 3.9k
Robin Jones	Head of Projects	1.8yrs	AU$468.98k	0.024% € 20.8k
Bin Cai	Executive Director	2.4yrs	AU$376.26k	0.11% € 92.6k
Nicholas Curtis	Strategic Advisor	less than a year	AU$1.29m	0% € 0
Dale Richards	Head of Geology	1.1yrs	AU$412.48k	no data
Kurt Warburton	Exploration Manager	3.5yrs	no data	no data
Belinda Pearce	Company Secretary	3.3yrs	no data	no data

1.8yrs

Average Tenure

53yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Adam Handley	Executive Chairman	2.9yrs	AU$1.34m	no data
Shane Anthony Hartwig	MD, CEO	1.9yrs	AU$772.50k	no data
Bin Cai	Executive Director	3.3yrs	AU$376.26k	0.11% € 92.6k
Liangbing Yu	Independent Non-Executive Director	4yrs	AU$134.65k	no data

3.1yrs

Average Tenure

Experienced Board: NUN's board of directors are considered experienced (3.1 years average tenure).

Northern Minerals Management

Management criteria checks 2/4

Key information

Recent management updates

Northern Minerals Limited, Annual General Meeting, Jun 06, 2024

Northern Minerals Limited, Annual General Meeting, Mar 26, 2024

No independent directors

Northern Minerals Limited, Annual General Meeting, Nov 30, 2023

Northern Minerals Limited Announces Resignation of Ming Lu Has from His Position as Non-Executive Director

Northern Minerals Limited Appoints Shane Hartwig as Executive Director of Finance

Recent updates

No longer forecast to breakeven

New major risk - Revenue and earnings growth

New minor risk - Shareholder dilution

New major risk - Negative shareholders equity

Northern Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.

Forecast to breakeven in 2025

Northern Minerals Limited, Annual General Meeting, Jun 06, 2024

Northern Minerals Limited, Annual General Meeting, Mar 26, 2024

Northern Minerals Receives a Notice from Yuxiao Fund Pte Ltd

Northern Minerals Receives a Notice from Yuxiao Fund Pte Ltd

Northern Minerals Receives a Notice from Yuxiao Fund Pte Ltd

No independent directors

Northern Minerals Limited, Annual General Meeting, Nov 30, 2023

First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in 1H 2022)

Northern Minerals Limited Announces Resignation of Ming Lu Has from His Position as Non-Executive Director

Northern Minerals Limited Appoints Shane Hartwig as Executive Director of Finance

No independent directors

Northern Minerals Limited announced that it expects to receive AUD 73 million in funding

Northern Minerals Limited Announces Cessation of Mark Tory as CEO

Northern Minerals Limited Appoints Shane Hartwig as Executive Director Finance

Northern Minerals Announces Substantial Increase in the Rare Earth Mineral Resource Estimate for Its Wolverine Development Project (Wolverine) in Northern Western Australia

Northern Minerals Limited, Annual General Meeting, Nov 25, 2022

Northern Minerals Limited Announces Board Changes

No independent directors

Northern Minerals Limited Progresses Its Ore Sorting Project Enhancement Initiative with the Commissioning and Testing of the Sorter System

Non-Executive Director Yanchung Wang has left the company

Non-Executive Director Yanchung Wang has left the company

Non-Executive Director Yanchung Wang has left the company

Northern Minerals Limited Commences Second Phase Drilling Campaign

Northern Minerals Limited Completes Installation and Commissioning of Ore Sorting System at its Browns Range Pilot Plant

Northern Minerals Limited Starts Second Phase Drilling Campaign

Northern Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 20 million.

Northern Minerals Limited Announces Final Results from 2020 Drilling

Northern Minerals Limited announced that it expects to receive AUD 20 million in funding

Northern Minerals Limited Completes Feasibility Study for Construction of Commercial-Scale Beneficiation Plant at Browns Range

Northern Minerals Limited Reports First Drilling Results Indicate Potential for Mineral Resource Growth At Browns Range

Non-Executive Chairman recently sold €54k worth of stock

Northern Minerals Limited Announces Resignation of Adrian Griffin as Non-Executive Director

Northern Minerals Limited Appoints LiangBing Yu to the Board as Non-Executive Director

Northern Minerals Limited to Commence Major Drilling Program At Browns Range

Independent Non-Executive Director recently sold €50.1k worth of stock

Northern Minerals Limited Appoints Mark Tory as Chief Executive Officer

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure