b'Centaurus Metals Limited and its controlled entities Financial Report 31 December 2024There were 1,808,580 options exercised during the year (2023: 3,457,919). There were 3,901,896 options issued during the year (2023: 1,535,164). Details of the options issued during the year are as follows: Number of Grant DateOptionsVesting Period(1)Option Term Directors 28/05/24865,69136 months(2)48 months 28/05/24865,69136 months(3)48 months Total1,731,382Employees 30/01/241,085,25736 months(2)48 months 30/01/241,085,25736 months(3)48 months Total2,170,514 (1)From 1 January 2024 subject to continued employment.(2)Options will vest in the future subject to performance and services based vesting conditions being met. The Companys share price performance is measured via relative Total Shareholder Return (TSR). The Companys TSR is measured against a peer group of companies. Vesting will occur subject to meeting a three-year service condition to 31 December 2026 and the performance condition tested against the relative TSR measure for the period 1 January 2024 to 31 December 2026. (3)Vesting will occur subject to meeting a three-year service condition to 31 December 2026 and the performance condition tested against the absolute TSR measure for the period 1 January 2024 to 31 December 2026. The following table sets out the vesting outcome base on the Companys relative TSR performance Percentile Ranking compared to PeersAmount of ZEPO to Vest Less than 50th Percen]leZero Between 50th and 75th Percen]lePro rata between 50% and 100% Greater than 75th Percen]le100% No options will vest unless the percentile ranking of the Companys TSR for the relevant performance year, as compared to the TSRs for the Peer Group companies, is at or above the 50th percentile. The following table sets out the vesting outcome base on the Companys absolute TSR performance Threshold TSR Level overAmount of ZEPO which will vest Assessment Periodand become exercisable Less than 25%Zero Between 20% and 27.5%25% Between 27.5% and 35%50% Between 35% and 42.5%75% 42.5% or greater100% 9.2Inputs for Measurement of Grant Date Fair Values The fair value at grant date of the share-based payments is charged to the income statement over the period which the benefits of the employee services are expected to be derived. The fair values of awards granted were estimated using a Monte Carlo simulation taking into account the following inputs: ShareExpectedFair Life ofPrice atShareRisk FreeValue at GrantExpiryExerciseOptionsGrantPriceVestingInterestGrant DateDatePriceYearsDateVolatilityConditionRateDate 30/01/2431/12/27$0.003.90$0.29050%Rela]ve TSR3.618%$0.2374 30/01/2431/12/27$0.003.90$0.29050%Absolute TSR3.618%$0.0946 28/05/2431/12/27$0.003.60$0.51050%Rela]ve TSR3.875%$0.4490 28/05/2431/12/27$0.003.60$0.51050%Absolute TSR3.875%$0.2837 Page 42 of 60CENTAURUS METALS LIMITED ANNUAL REPORT 67'