Note 13. Contributed equity continued (a) Movements in ordinary share capital (continued) Number of shares Issue price $ $ Jul 25 Options exercised 85,254,200 0.0075 639,407 Aug 25 Options exercised 36,982,750 0.0075 277,371 Sept 25 Options exercised 89,618,240 0.0075 672,137 Sept 25 Performance rights vested 12,000,000 – – Oct 25 Options exercised 57,021,259 0.0075 427,659 Nov 25 Options exercised 4,250,000 0.0075 31,875 Dec 25 Options exercised 4,249,357 0.0075 31,870 Dec 25 Share placement 416,842,106 0.019 7,920,000 Jan 26 Options exercised 4,300,000 0.0075 32,250 Feb 26 Options exercised 3,850,000 0.0075 28,875 Mar 26 Effect of 1-for-30 share consolidation (6,572,004,541) – Mar 26 Share placement – Director allocation 140,352 0.57 80,000 Mar 26 Options exercised 36,734 0.225 8,265 Apr 26 Options exercised 76,667 0.225 17,250 May 26 Options exercised 288,337 0.225 64,876 Jun 26 Options exercised 48,667 0.225 10,950 Share issue costs (595,102) Balance at 30 June 2026 227,213,514 152,026,771 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 2026, there were 8,336,942 unlisted options, and 8,812,047 performance rights over ordinary shares on issue (restated for 1:30 consolidation completed in March 2026) (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 2026 54 Sunstone Metals Limited Annual Report 2026
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