Remuneration Report (Audited) (continued) Option movements during the financial year: 2023 Beginning Balance Granted as remuneration Lapsed Exercised during year Balance at end of year Vested and exercisable at end of year Directors of Sunstone Metals Ltd: Mr G Ascough 10,000,000 – (4,000,000) – 6,000,000 6,000,000 Mr S Stroud 10,000,000 – (4,000,000) – 6,000,000 6,000,000 Total 20,000,000 – (8,000,000) – 12,000,000 12,000,000 Shares under option At the date of this report, there were 12 million unquoted options over ordinary shares of the Company outstanding, at an exercise price of 10 cents, expiring 2 November 2024. Grant Date Options Outstanding Expiry Date Value per Option Total Value Exercise Price Share price at Grant Date Share Volatility Risk Free rate of return 3 November 2021 12,000,000 2/11/2024 $0.0310 $372,000 $0.100 $0.068 131% 0.69% 12,000,000 $372,000 Weighted Average remaining life 1.3 years Shareholdings of key management personnel The numbers of shares in the Company held during the financial year by each Director and the other key management personnel of the Group, including their personally related entities, are set out below. 2023 Beginning Balance Vesting of Performance Rights Exercise of Options Purchases Disposals Balance at end of year Directors of Sunstone Metals Ltd: Mr G Ascough 19,865,143 – – – – 19,865,143 Mr M Norris 32,162,312 11,200,000 – – – 43,362,312 Mr S Stroud 10,553,026 – – – – 10,553,026 Other key management personnel: Mr R Robinson 15,051,776 9,600,000 – – – 24,651,776 Mr G Leicht 21,614,107 9,600,000 – – – 31,214,107 Dr B Rohrlach 14,065,516 9,600,000 – – – 23,665,516 Total 113,311,880 40,000,000 – – – 153,311,880 Shares held by M Norris are via direct interest in 11,371,106 shares, 25,267,577 shares held by superannuation funds where Mr Norris is a direct beneficiary, and 6,723,629 shares held by an associate of Mr Norris. There has been no further changes to the shares, options and performance rights held by Directors and other key management personnel at the date of the Directors’ report. End of Remuneration Report (Audited) Directors’ Report continued 26 Sunstone Metals Limited Annual Report 2023
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