Ora Banda Mining Adjusts Director Pay, Extends Contract

Ora Banda Mining (AU:OBM) has released an update.

Ora Banda Mining has announced an adjustment to the remuneration of Managing Director Luke Creagh, reflecting his role in the company’s improved performance and financial position. His new compensation includes a fixed remuneration of $750,000, short-term and long-term incentives tied to performance metrics, and a one-off Performance and Retention Rights Incentive. Additionally, Creagh’s contract has been extended until 2030, with a non-compete clause applicable upon voluntary departure.

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