Note 13. Contributed equity continued Number of shares Issue price $ $ Jul 24 Share placement – Director allocation 13,636,364 0.010 150,000 Sep 24 Share placement 474,000,000 0.005 2,370,000 Oct 24 Share purchase plan 797,000,000 0.005 3,985,000 Oct 24 Share placement – Director allocation 26,000,000 0.005 130,000 Nov 24 Options exercised 1,000,000 0.0075 7,500 Jan 25 Options exercised 100,000 0.0075 750 Apr 25 Share placement 800,000,000 0.005 4,000,000 Apr 25 Options exercised 18,792,000 0.0075 140,940 May 25 Options exercised 85,490,400 0.0075 641,178 Jun 25 Options exercised 25,973,450 0.0075 224,801 Share issue costs (581,224) Balance at 30 June 2025 6,084,259,486 142,379,088 The issue price for vested employee performance rights is deemed to be the accumulated amount recorded in the share based payment reserve at the vesting period. No cash is received when the rights are exercised. (b) Ordinary shares Ordinary shares entitle the holder to participate in dividends and the proceeds on winding up of the Group in proportion to the number of and amounts paid on the shares held. On a show of hands every holder of ordinary shares present at a meeting in person or by proxy, is entitled to one vote, and upon a poll each share is entitled to one vote. (c) Employee and Director’s Option Plan / Performance Right’s Plan Information relating to the Employee Performance Right’s Plan, including details of instruments issued, exercised and lapsed during the financial year are set out in Note 18. (d) Options/Performance Rights As at 30 June 2025, there were 528,144,149 unlisted options, and 173,176,005 performance rights over ordinary shares on issue (see Note 18). (e) Capital management The objective is to ensure the Group continues as a going concern as well as to maintain an optimal structure to reduce the cost of capital. Sunstone is a junior exploration company and it is dependent from time to time on its ability to raise capital from the issue of new shares and its ability to realise value from its exploration and evaluation assets. The Board is responsible for capital management. This involves the use of cash flow forecasts to determine future capital requirements. Capital management is undertaken to ensure a secure, cost-effective and flexible supply of funds is available to meet the Group’s operating and capital expenditure requirements. The Group does not have any debt facilities and is not subject to any external capital requirements. Surplus funds are invested in a cash management account and are available as required. Financial liabilities of the Group at balance date are trade and other payables. Trade and other payables are unsecured and usually paid within 30 days of recognition. Notes to the Financial Statements for the year ended 30 June 2025 54 Sunstone Metals Limited Annual Report 2025
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