CHALICE MINING LIMITED 
By
19 November 2012
Australian Securities Exchange Limited
Exchange Plaza
2 The Esplanade
PERTH WA 6000
Dear Sir
Further to today's announcement regarding the appointment of Mr Bill Bent as Managing
Director, please see attached, the key terms of Mr Bent's Executive Service Agreement.
Yours faithfully
RICHARD HACKER Company Secretary
Annual Fixed Salary | $390,000 per annum. This figure is gross and is inclusive of amounts paid as superannuation contributions on Mr Bent's behalf. | |||||||||||||||||||||||||||||||||
Short Term Incentive | Mr Bent shall have the opportunity to receive a cash incentive bonus up to the value of 40% of the Annual Fixed Salary upon achievement of key performance indicators (intended to align with the strategic direction of the Company) to be determined by the Board. At the sole election of the Company such incentive bonus may be paid in shares rather than cash. | |||||||||||||||||||||||||||||||||
Long Term Incentive | The Company has in place an Employee Long Term Incentive Plan (the "Plan") to provide incentives to appropriate executives. Subject to shareholder approval under the ASX Listing Rules or Corporations Act (where required), Mr Bent will be entitled to an annual issue of performance rights (issued under the terms of the Plan) having a value of up to 60% of the Annual Fixed Salary. The performance hurdles and performance and/or vesting periods will be determined by the Board. | |||||||||||||||||||||||||||||||||
Notice Period | Either party may terminate the employment agreement for any reason whatsoever upon one party giving to the other party written notice of at least 6 months or such lesser period as agreed between the parties. | |||||||||||||||||||||||||||||||||
Severance Payments | If Mr Bent's employment is terminated by the company (without cause) then Mr Bent shall be entitled to: Share
© Publicnow - 2012
Chalice Mining Limited is a mineral exploration company. The Company is an explorer and developer with a greenfield platinum group element (PGE), nickel, copper, cobalt and gold discovery at its Julimar Project in Western Australia. Its projects include Julimar Nickel-Copper-PGE Exploration Project, Kings Nickel-Copper-PGE Exploration Project, Barrabarra Nickel-Copper-PGE Exploration Project, South West Nickel-Copper-PGE Exploration Project, Narryer Nickel-Copper-PGE Exploration Project, Auralia Nickel-Copper-PGE Exploration Project, Warrego North Copper-Gold Exploration Project, and Nulla South Gold Exploration Project. The Julimar Exploration Project covers an area of about 350 square kilometers and is located north-east of Perth, within the highly prospective West Yilgarn Ni-Cu-PGE Province. The Kings Project covers an area of about 1450 square kilometers and is located north-east of Perth. Its Gonneville Nickel-Copper-Platinum Group Element Project is a pre-development project.
Sector
Diversified Mining
Calendar
2024-09-25
- Q4 2024 Earnings Release (Projected)
Related indices
Trading Rating
Investor Rating
ESG Refinitiv
C- Sell  Mean consensus OUTPERFORM Number of Analysts 6 Last Close Price
1.285
AUD Average target price
2.6
AUD Spread / Average Target +102.33% EPS Revisions
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