The small print under the tabled info on page 24 of the annual report is also informative;
i) An aggregate amount of $540,825 (2017: $361,667) was paid or was due and payable to Warrior Strategic Pty Ltd, a company controlled by Mr Bryan Dixon, for the provision of corporate and management services to the Company in lieu of Mr Dixon’sremuneration. Mr Dixon’s remuneration was reset last year to bring his fixed remuneration closer to the average for a peer group of Australian based gold miners.
ix) The STI remuneration represents the estimated amounts to be paid in cash on or around October 2018 and relates to incentives offered for the 6 month period ended 30 June 2018. The STI opportunity equates to 48% of their fixed remuneration overthis period, and in line with their performance, an average of 55% of this STI opportunity was earned due to a combination of better than target performance for cost per tonne milled, threshold performance for operating cashflows and goldproduction and on target performance for safety and reserve/resource growth.
The total salary package for BD will probably be a tad higher in FY19 if BLK achieves a consolidated profit instead of $20 million consolidated loss.
