Remuneration Report (Audited) continued Loans to key management personnel There were no loans or other transactions with Directors or other key management personnel and their related parties during the financial year (2025: nil). C Executive Contractual Arrangements Remuneration for the CEO & Managing Director and Key Management Personnel are formalised in service agreements. These agreements provide, where applicable, for the provision of performance related cash payments, other benefits including allowances, and participation in the Long Term Incentive Plan. All service agreements with executives comply with the provisions of Part 2 D.2, Division 2 of the Corporations Act. These service agreements may be terminated early by either party giving the required notice and subject to termination payments detailed in the agreement. Base salary for executives are reviewed each year on 1 July of each year, with an increase of 3.0% being applied on 1 July 2026 (1 July 2025: 2.5%). Four weeks annual leave and long service leave is provided. Other major provisions of agreements relating to remuneration are set out below: Executive TFR1 Notice Period Termination payment By Executive By the Company P Duffy – Managing Director & CEO 400,496 6 months 6 months 6 months L Welsh – CFO & Company Secretary 337,971 3 months 6 months 6 months R Robinson – GM Studies & Technical Services 336,764 3 months 3 months 6 months B Rohrlach – GM Geology 317,736 3 months 3 months 6 months (1) TFR is Total Fixed Remuneration which includes base salary and superannuation. D Share-based compensation Options and performance rights provided as remuneration and shares issued on exercise Performance Rights movements during the financial year: 2026 Beginning balance1 Granted as remuneration Vested during year Lapsed Balance at end of year Vested Lapsed $ % $ % Directors of Sunston Metals Ltd M Norris 386,668 – – (186,667) 200,001 – – 109,293 68.2 P Duffy 647,842 911,466 – – 1,559,308 – – – – Other key management personnel L Welsh 546,702 769,170 – – 1,315,872 – – – – R Robinson 874,751 766,422 – (160,000) 1,481,173 – – 93,680 17.9 B Rohrlach 855,227 738,952 – (160,000) 1,434,179 – – 93,680 18.4 3,311,190 3,186,010 – (506,667) 5,990,533 (1) Restated for 1:30 consolidation completed in March 2026 Directors’ Report continued 32 Sunstone Metals Limited Annual Report 2026
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