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 2026: Options: Grant Date Beginning Balance1 Granted during year1 Exercised during year Lapsed Balance at end of year Vested and Exercisable 17 October 2023 400,000 – – – 400,000 400,000 6 February 2024 200,000 – – – 200,000 200,000 24 October 2024 17,004,869 – (9,967,929) – 7,036,940 7,036,940 24 October 2025 – 700,002 – – 700,002 – 17,604,869 700,002 (9,967,929) – 8,336,942 7,636,940 (1) Restated for 1:30 consolidation completed in March 2026 Performance Rights: Grant Date Beginning Balance1 Granted as remuneration Exercised during year Lapsed Balance at end of year Vested and Exercisable 31 Oct 2022: Tranche 1 257,778 – – (257,778) – – 31 Oct 2022: Tranche 2 257,778 – – (257,778) – – 31 Oct 2022: Tranche 3 257,778 – – (257,778) – – 17 Oct 2023: Tranche 1 276,669 – – – 276,669 – 17 Oct 2023: Tranche 2 276,669 – – – 276,669 – 17 Oct 2023: Tranche 3 276,669 – – – 276,669 – 24 Oct 2024: Tranche 1 1,667,938 – – – 1,667,938 – 24 Oct 2024: Tranche 2 1,667,938 – – – 1,667,938 – 24 Oct 2025: Tranche 1 – 2,323,082 – – 2,323,082 – 24 Oct 2025: Tranche 2 – 2,323,082 – – 2,323,082 – Total 4,939,217 4,646,164 – (773,334) 8,812,047 – (1) Restated for 1:30 consolidation completed in March 2026 During the 2026 financial year 4,646,1641 performance rights were granted with the following performance conditions attached: Grant date Tranche 1 Tranche 2 24 Oct 2025 The 50-day volume weighted average share price of the Company at 30 June 2028 is at, or above, $0.8521. The 50-day volume weighted average share price of the Company at 30 June 2028 is at, or above, $1.2811. (1) Restated for 1:30 consolidation completed in March 2026 (b) Amortisation expense of Options and Performance Rights The amortised expense for performance rights in the consolidated statement of profit or loss and other comprehensive income for the year ended 30 June 2026 was $249,271 (2025: $149,653). A further $476,140 (2025: $134,410) was capitalised as it related to employees working exclusively on the exploration projects including Ecuadorian staff. Expense for options was $157,587 (2025: $31,535). 59 Sunstone Metals Limited Annual Report 2026
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