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Note 18. Share-based payments (continued) (a) Issue of Options and Performance Rights (continued) Performance Rights: Grant Date Rights Outstanding Expiry Date Value per Right Total Value Vesting Condition Share price at Grant Date Share Volatility Risk Free rate of return Performance Rights: 3 Nov 2021: Tranche 1 12,000,000 3/11/2024 $ 0.0508 $610,139 $ 0.0710 $0.068 131% 0.69% 3 Nov 2021: Tranche 2 12,000,000 3/11/2024 $ 0.0487 $584,141 TSR $0.068 131% 0.69% 3 Nov 2021: Tranche 3 12,000,000 3/11/2024 $ 0.0457 $548,798 $0.094 $0.068 131% 0.69% 23 Oct 2020: Tranche 1 – 23/10/2023 $ 0.0075 $74,600 $0.0276 $0.019 115% 0.27% 23 Oct 2020: Tranche 2 10,000,000 23/10/2023 $ 0.0111 $111,400 TSR $0.019 115% 0.27% 23 Oct 2020: Tranche 3 23/10/2023 $ 0.0042 $41,700 $0.050 $0.019 115% 0.27% 31 Oct 2019: Tranche 1 – 31/10/2022 $ 0.0087 $22,620 $0.080 $0.019 94% 0.66% 31 Oct 2019: Tranche 2 2,600,000 31/10/2022 $ 0.0156 $40,560 TSR $0.019 94% 0.66% 31 Oct 2019: Tranche 3 2,600,000 31/10/2022 $ 0.0072 $18,720 $0.110 $0.019 94% 0.66% 51,200,000 2,052,678 Weighted Average $ $ 0.0374 $ 0.053 Weighted Average remaining life 1.9 years The tables below outline the movements for share-based payments options and performance rights during 2022: Options: Grant Date Beginning Balance Granted during year Exercised during year Lapsed Balance at end of year Vested and Exercisable 31 October 2019 8,000,000 – – – 8,000,000 8,000,000 2 November 2021 – 12,000,000 – – 12,000,000 – Total 8,000,000 12,000,000 – – 20,000,000 8,000,000 51 Sunstone Metals Limited Annual Report 2022 SUNSTONE METALS LIMITED ANNUAL REPORT 2022

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