b'Centaurus Metals Limited and its controlled entities CENTAURUS METALS ANNUAL REPORT 2024 Financial Report 31 December 2024Consolidated Statement of Cash Flows 55,216,482(18,445,636)(2,859,309)(21,304,945)1,077,83712,600426,750(180)1,517,00735,428,54449,328,699(40,740,002)995,690(39,744,312)1,107,77046,934,212569,800(2,979,687)45,632,09555,216,482For the year ended 31 December 2024 Page 29 of 60 Total Equity $ $Translation Reserve $Payments Reserve $Issued Capital $ Notes2024 $2023 $ Cash flows from operating activities Explora]on and evalua]on expenditure(16,375,319)(37,662,227) Payments to suppliers and employee (inclusive of GST)(4,277,311)(4,762,615) -564,731564,731331,131331,131R&D Tax Refund3,520,447- (221,550,296)(18,445,636)(18,445,636)(239,431,201)(181,141,425)(40,740,002)(40,740,002)(221,550,296) Accumulated LossesForeign CurrencyShare-Based Other receipts23,889517,874 Interest received1,432,3231,292,865 Net cash used in operating activities14(15,675,971)(40,614,103)Cash flows from investing activities 995,690995,690-Payments for property plant & equipment(266,514)(2,233,281) (7,090,733)(2,859,309)(2,859,309)(9,950,042)(8,086,423)(7,090,733) Payment for explora]on acquisi]ons(108,245)(550,877) Payment of security deposits(62,249)- Proceeds from the sale of property plant and equipment3,241- Proceeds from the sale of mineral assets-14,020 143,032The above Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying Notes.Net cash used in investing activities (433,767)(2,770,138)2,410,2851,077,837(655,642)(564,731)(142,536)2,267,7492,267,2531,107,770(633,607)(331,131)2,410,285 Cash flows from financing activities Proceeds from issue of equity securi]es-46,934,212 Proceeds from exercise of op]ons426,750569,800 Capital raising costs(180)(2,979,687) Payment of lease liability(326,389)(572,903) -12,600426,750(180)655,642-1,094,81246,934,212569,800(2,979,687)633,607-45,157,932Net cash from financing activities 100,18143,951,422 281,447,226282,542,038236,289,294281,447,226Net increase/ (decrease) in cash and cash equivalents(16,009,557)567,181 Cash and cash equivalents at the beginning of the period34,673,85234,047,722 Eect of exchange rate uctua]ons on cash held(620,907)58,949 Cash and cash equivalents at 31 December1318,043,38834,673,852 Centaurus Metals Limited and its controlled entitiesFinancial Report 31 December 2024Consolidated Statement of Changes in EquityFor the year ended 31 December 2024Balance at 1 January 2024Loss for the periodForeign currency transla]on dierence for foreign opera]onsTotal comprehensive loss for the periodShare-based payment transac]onsIssues of ordinary sharesShare op]ons exercisedShare issue costsTransfer on exercise of op]onsTransfer of op]ons lapsedTotal transactions with ownersBalance at 31 December 2024Balance at 1 January 2023Loss for the periodForeign currency transla]on dierence for foreign opera]onTotal comprehensive loss for the periodShare-based payment transac]onsIssues of ordinary sharesShare op]ons exercisedShare issue costsTransfer on exercise of op]onsTransfer of op]ons lapsedTotal transactions with ownersBalance at 31 December 2023 The above consolidated Statement of Cash Flows should be read in conjunction with the accompanying Notes. Page 30 of 60 54 ANNUAL REPORT CENTAURUS METALS LIMITED'