On 7 January 2025 Mithril Silver and Gold Limited ('the Company') ( ASX:MTH; TSXV:MSG ) executed a new Executive Services Agreement with its Managing Director, John Skeet (Services Agreement). The key terms of the Services Agreement are set out below.
| Position | Managing Director |
|---|---|
| Effective Date | 1 November 2024 |
| Term | Indefinite |
| Base Salary | $300,000 per year excluding statutory superannuation |
| Short Term Incentive | Subject to conditions set by the Company, Mr. Skeet may be entitled to a short-term performance-based incentive payment. |
| Long Term Incentive | Subject to conditions set by the Company, Mr. Skeet may be entitled to a long-term performance-based incentive payment. |
| Company Termination Notice Period | 3 months |
| Employee Resignation Notice Period | 3 months |
| Other | If a change of control occurs and, at any time during the 12-month period following such change of control Mr. Skeet resigns employment for good reason, Mr. Skeet shall be entitled to a payment equal to 3 months' salary. |
This announcement has been approved for release by the Board of Directors.
-ENDS-
For further information contact:
John Skeet
Managing Director and CEO jskeet@mithrilresources.com.au +61 435 766 809
Mark Flynn
Investor Relations mflynn@mithrilresources.com.au +61 416 068 733