Investigator Resources Management

Management criteria checks 3/4

Investigator Resources' CEO is Andrew McIlwain, appointed in Aug 2018, has a tenure of 5.67 years. total yearly compensation is A$672.58K, comprised of 52% salary and 48% bonuses, including company stock and options. directly owns 0.69% of the company’s shares, worth €325.05K. The average tenure of the management team and the board of directors is 5.3 years and 3.8 years respectively.

Key information

Andrew McIlwain

Chief executive officer

AU$672.6k

Total compensation

CEO salary percentage	52.0%
CEO tenure	5.7yrs
CEO ownership	0.7%
Management average tenure	5.3yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andrew McIlwain's remuneration changed compared to Investigator Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$3m
Sep 30 2023	n/a	n/a	-AU$3m
Jun 30 2023	AU$673k	AU$350k	-AU$3m
Mar 31 2023	n/a	n/a	-AU$4m
Dec 31 2022	n/a	n/a	-AU$4m
Sep 30 2022	n/a	n/a	-AU$4m
Jun 30 2022	AU$476k	AU$294k	-AU$4m
Mar 31 2022	n/a	n/a	-AU$3m
Dec 31 2021	n/a	n/a	-AU$2m
Sep 30 2021	n/a	n/a	-AU$2m
Jun 30 2021	AU$453k	AU$270k	-AU$2m
Mar 31 2021	n/a	n/a	-AU$8m
Dec 31 2020	n/a	n/a	-AU$14m
Sep 30 2020	n/a	n/a	-AU$14m
Jun 30 2020	AU$356k	AU$247k	-AU$14m
Mar 31 2020	n/a	n/a	-AU$8m
Dec 31 2019	n/a	n/a	-AU$1m
Sep 30 2019	n/a	n/a	-AU$2m
Jun 30 2019	AU$176k	AU$152k	-AU$3m
Mar 31 2019	n/a	n/a	-AU$3m
Dec 31 2018	n/a	n/a	-AU$3m
Sep 30 2018	n/a	n/a	-AU$2m
Jun 30 2018	AU$2k	n/a	-AU$581k

Compensation vs Market: Andrew's total compensation ($USD439.48K) is about average for companies of similar size in the German market ($USD401.52K).

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

CEO

Andrew McIlwain (63 yo)

5.7yrs

Tenure

AU$672,581

Compensation

Mr. Andrew Ivor Bruce McIlwain, B.Eng (Mining)-Melb, MAusIMM, MAICD, serves as Managing Director at Investigator Resources Limited since October 1, 2019. He has been Director of Investigator Resources Limi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew McIlwain	MD & Director	5.7yrs	AU$672.58k	0.69% A$ 325.0k
Jason Murray	Exploration Manager	3.7yrs	AU$409.96k	0.020% A$ 9.4k
Anita Addorisio	Chief Financial Officer & Company Secretary	5.3yrs	no data	no data

5.3yrs

Average Tenure

Experienced Management: VOP's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew McIlwain	MD & Director	5.8yrs	AU$672.58k	0.69% A$ 325.0k
Richard Hillis	Non-Executive Chairman	2.3yrs	AU$129.60k	0.033% A$ 15.6k
Andrew Shearer	Non-Executive Director	3.8yrs	AU$104.60k	0.14% A$ 67.5k

3.8yrs

Average Tenure

Experienced Board: VOP's board of directors are considered experienced (3.8 years average tenure).

Investigator Resources Management

Management criteria checks 3/4

Key information

Recent management updates

Investigator Resources Limited, Annual General Meeting, Nov 23, 2023

No independent directors

Investigator Resources Limited, Annual General Meeting, Nov 30, 2022

No independent directors

Recent updates

New minor risk - Shareholder dilution

Investigator Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.

Investigator Resources Limited, Annual General Meeting, Nov 23, 2023

New minor risk - Financial data availability

Investigator Resources Limited has announced a Derivatives Offering in the amount of AUD 0.287433 million.

Investigator Resources Limited Reports Initial Assay Results from the Partially Completed Drill Program on Paris Silver Project in South Australia

Investigator Resources Limited Announces NTMA Agreements Opens Up Exploration Opportunities for 2023

No independent directors

Investigator Resources Limited, Annual General Meeting, Nov 30, 2022

Investigator Resources Limited Announces a Previously Excluded Area Has Now Been Granted Native Title Clearance for Drilling

Investigator Resources Limited Announces High Grade Rare Earth Discovery At Apollo Prospect

Investigator Resources Limited Announces Further Silver & Zinc in Paris Regional Exploration

Investigator Resources Limited Announces High-Grade Silver Discovery At Uno Morgans Project

Investigator Resources Limited Announces Apollo Drilling Following Silver Intersection

Oinvestigator Resources Limited Announces Utstanding Silver Grades At Apollo Prospect

No independent directors

Investigator Resources Limited Announces Exploration Drilling Commences at Targets Near Paris Silver Project

Investigator Resources Limited Commences Drilling on its 100% Owned Uno Range and Morgans Tenements

Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.017 loss in FY 2020)

Investigator Resources Limited Reports the Results from Metallurgical Testwork

Investigator Resources Limited Reports Further Assay Results from the 20,500M Infill Drilling Campaign Completed in December 2020 At Its 100% Owned Paris Silver Project in South Australia

Investigator Resources Limited Reports Further Assay Results from the 20,500m Infill Drilling Campaign Completed in December 2020 at Its 100% Owned Paris Silver Project in South Australia

Investigator Resources Limited Announces Additional High-Grade Results At Paris Silver Project

Investigator Resources Limited Commences Drilling 6,000M at Paris Satellite Targets

Full year earnings released - €0.017 loss per share

Investigator Resources Limited announced that it expects to receive AUD 8 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure