Remuneration Report (Audited) continued Shareholder approval was obtained at the Annual General Meeting on 24 October 2025, for the issue of 911,466 Performance Rights with an exercise period of 3 years to Mr P Duffy on the following terms (grant to other key management personnel as per above table on the same terms and same allocation between tranches): – Tranche 1 – 50% to vest if the 60-day volume weighted average price of Sunstone Shares at 30 June 2028 is at or above $0.852 per share (restated for 1:30 consolidation completed in March 2026); – Tranche 2 – 50% to vest if the 60-day volume weighted average price of Sunstone Shares at 30 June 2028 is at or above $1.281 per share (restated for 1:30 consolidation completed in March 2026). Grant Date Rights outstanding1 Expiry Date Value per Right1 $/share Total Value $ Vesting Condition1 Share price at Grant Date1 $/share Share Volatility % Risk Free rate of return % 17 Oct 2023: Tranche 1 180,001 17 Oct 26 0.216 38,880 $2.010 0.42 85.0 4.095 17 Oct 2023: Tranche 2 180,001 17 Oct 26 0.363 65,340 TSR 0.42 85.0 4.095 17 Oct 2023: Tranche 3 180,001 17 Oct 26 0.186 33,480 $2.550 0.42 85.0 4.095 24 Oct 2024: Tranche 1 1,132,260 30 Jun 27 0.099 112,094 $0.681 0.18 85.0 3.503 24 Oct 2024: Tranche 2 1,132,260 30 Jun 27 0.078 88,316 $1.023 0.18 85.0 3.503 24 Oct 2025: Tranche 1 1,593,005 30 Jun 28 0.471 750,305 $0.852 0.57 95.0 3.404 24 Oct 2025: Tranche 2 1,593,005 30 Jun 28 0.414 659,504 $1.281 0.57 95.0 3.404 Total 5,990,533 1,747,919 Weighted average 0.292 0.409 Weighted average remaining life 1.5 years (1) Restated for 1:30 consolidation completed in March 2026 Option movements during the financial year: 2026 Beginning balance1 Granted as remuneration Options acquired1 Lapsed Exercised during the year Balance at end of the year Vested and exercisable at end of year M Norris 33,334 233,334 – – – 266,668 33,334 P Duffy 366,667 – – – – 366,667 366,667 S Stroud 266,667 233,334 – – – 500,001 266,667 N O’Connor 83,334 233,334 – – – 316,668 83,334 L Welsh 100,000 – – – – 100,000 100,000 Total 850,002 700,002 – – – 1,550,004 850,002 (1) Restated for 1:30 consolidation completed in March 2026 33 Sunstone Metals Limited Annual Report 2026
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