b"Centaurus Metals Limited and its controlled entities Financial Report 31 December 2024Threshold TSR Level over Assessment PeriodVesting Less than 25%Zero From 20% to less than 27.5%25% From 27.5% to less than 35%50% From 35% to less than 42.5%75% From 42.5% or greater100% Vested options can be exercised any time between vesting and the expiry date. During the prior year, a retention bonus was awarded to four KMP. The Company determined that the retention bonus would be paid in three instalments with the first instalment paid during 2023. The remaining two instalments were paid during 2024 as set out in Section 16.7 below. During the 3-year period through to the end of 2022, the Company, under the effective leadership and strategic direction provided by the KMP, was able to deliver a total shareholder return of over 900%, emphasising to the Board the need to retain the services of this key group of KMP during the key pre-development stages of the Jaguar Project. The award of the retention bonus to KMP aligns with Centaurus Metals' commitment to creating long-term shareholder value by retaining top talent and maintaining strong leadership in order to build a Brazilian strategic minerals business. 16.3Employment Agreements Remunerationandothertermsofemploymentforexecutivesareformalisedinemploymentagreementswhichare reviewed annually.The agreements provide for both fixed and variable remuneration including participation, at the discretion of the Board in short and long-term incentive plans (refer to Sections 16.2.2, 16.2.3 and Error! Reference source not found.).Other major provisions of the employment agreements, as at 31 December 2024, are set out below: Redundancy Total FixedNoticeNotice(Includes RemunerationMaximumMaximumPeriodPeriodNotice(TFR)STI LTI CompanyEmployeePeriod) Mr D P Gordon$549,000 p.a.50%100%12 months6 months12 months Mr B S Scarpelli$383,160 p.a.45%70%3 months3 months6 months Mr W E Foote$437,750 p.a.40%60%6 months2 months6 months Mr J W Westdorp$401,700 p.a.40%60%2 months2 months6 months Mr R J Fitzhardinge$281,808 p.a.40%60%2 months2 months6 months The Remuneration Committee, supported by information provided by independent remuneration consultants undertook its annual review of remuneration for 2025 and determined that there be no changes in TFR or STI or LTI levels as a percentage of each KMPs TFR. 16.4Non-Executive DirectorsFees and payments to Non-Executive directors reflect the demands which are made on, and the responsibilities of, the directors.Non-Executive directors fees and payments are reviewed at least annually by the Board. The Chairs fees are determined independently to the fees of Non-Executive directors based on comparative roles in the external market and prevailing market conditions. The advice of independent remuneration consultants is sought on an annual basis. Non-Executive directors remuneration consists of set fee amounts. The current level of fees Non-Executive directors is $77,000 per annum. The Non-Executive Chairs fees are $115,000 per annum. There were no fee increases for Non-Executive directors in 2024 or as part of the Companys annual review in January 2025. Directors do not receive additional committee fees. Non-Executive directors fees are subject to an aggregate pool limit, which is periodically recommended for approval by shareholders. The approved pool limit is currently $600,000. There is no provision for retirement allowances for Non-Executive directors.Page 18 of 60CENTAURUS METALS LIMITED ANNUAL REPORT 43"