Note 18. Share-based payments continued (a) Issue of Options and Performance Rights (continued) The tables below outline the movements for share-based payments options and performance rights during 2025: Options: Grant Date Beginning Balance Granted during year Exercised during year Lapsed Balance at end of year Vested and Exercisable 3 November 2021 12,000,000 – – 12,000,000 – – 17 October 2023 12,000,000 12,000,000 – – 12,000,000 12,000,000 6 February 2024 6,000,000 6,000,000 – – 6,000,000 6,000,000 24 October 2024 – 645,499,999 135,355,850 – 510,144,149 510,144,149 30,000,000 663,499,999 135,355,850 – 528,144,149 528,144,149 Performance Rights: Grant Date Beginning Balance Granted as remuneration Exercised during year Lapsed Balance at end of year Vested and Exercisable 31 Oct 2022: Tranche 1 9,333,335 – – (1,600,000) 7,733,335 – 31 Oct 2022: Tranche 2 9,333,333 – – (1,600,000) 7,733,333 – 31 Oct 2022: Tranche 3 9,333,332 – – (1,600,000) 7,733,332 – 17 Oct 2023: Tranche 1 10,000,000 – – (1,700,000) 8,300,000 – 17 Oct 2023: Tranche 2 10,000,000 – – (1,700,000) 8,300,000 – 17 Oct 2023: Tranche 3 10,000,000 – – (1,700,000) 8,300,000 – 2 Jul 2024: Tranche 1 – 5,000,000 – (5,000,000) – – 2 Jul 2024: Tranche 2 – 5,000,000 – – – 5,000,000 2 Jul 2024: Tranche 3 – 5,000,000 – (5,000,000) – – 2 Jul 2024: Tranche 1 – 4,000,000 – – – 4,000,000 2 Jul 2024: Tranche 2 – 3,000,000 – – – 3,000,000 2 Jul 2024: Tranche 3 – 3,000,000 – (3,000,000) – – 24 Oct 2024: Tranche 1 – 50,038,001 – – 50,038,001 – 24 Oct 2024: Tranche 2 – 50,038,004 – – 50,038,004 – Total 58,000,000 125,076,005 – (22,900,000) 148,176,005 12,000,000 59 Sunstone Metals Limited Annual Report 2025
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