Note 10. Exploration and evaluation assets 2026 $ 2025 $ Opening balance 90,323,654 81,224,918 Exploration and evaluation expenditure 9,479,002 7,919,713 Effect of movement in foreign exchange (3,788,185) 1,179,023 Closing balance 96,014,471 90,323,654 The recovery of the Group’s interest in exploration assets is dependent upon: – the continuance of the Group’s rights to tenure of the areas of interest; – the results of future exploration; and – the recoupment of costs through successful development and exploitation of the areas of interest, or alternatively, by their sale. Note 11. Trade and other payables 2026 $ 2025 $ Trade payables 412,744 285,412 Sundry payables and accrued expenses 69,010 56,673 Total trade and other payables 481,754 342,085 Note 12. Provisions 2026 $ 2025 $ Current Employee provisions 823,458 489,881 Non-current Employee provisions 161,774 103,540 Note 13. Contributed equity (a) Movements in ordinary share capital Number of shares Issue price $ $ Balance at 30 June 2024 3,838,267,272 131,310,143 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 53 Sunstone Metals Limited Annual Report 2026
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