b'Centaurus Metals Limited and its controlled entitiesCentaurus Metals Limited and its controlled entities CENTAURUS METALS ANNUAL REPORT 2024Financial Report 31 December 2024Financial Report 31 December 2024Note 19.Financial Liability21.3Share-based Payments Reserve 2024 $2023 $The share-based payments reserve is used to recognise the fair value of options issued but not exercised. Current21.4Translation Reserve Land possession-212,028The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of -212,028foreign operations, as well as from the translation of liabilities that hedge the Groups net investment in a foreign subsidiary. Note 20.LeasesNote 22.Contingent Liabilities The Group leases motor vehicles, offices and warehouse facilities. The leases are typically for a period of 1 to 5 years. During22.1Guarantees the current year the Group entered into a lease for the office in Tucum for a 5 year term as well as a lease for the Perth office for a 4 year term. Right of use assets and lease liabilities have been recognised as a result of these leases and aThe Company has given guarantees in respect of bank security bonds amounting to $200,452 (2023: $122,519), secured by derecoginition was recorded for the Tucumwarehouse lease which was terminated during the year. The Group has appliedcash deposits lodged as security with the bank. the exemptions available under AASB 16 for short term leases and leases of low value.22.2Jaguar Project Acquisition 2024 $2023 $The terms of the Jaguar Sale and Purchase Agreement (as amended by the acquisition of the offtake rights by the Company Current150,940239,075in June 2023) with Vale give rise to the following contingent liabilities related to the Jaguar Project Acquisition. Non-Current498,534267,9794US$5.0 million on first commercial production from the project payable to Vale; 649,474507,0544a royalty of 1.75% on Net Operating Revenue for nickel sulphate or 2.00% on Net Operating Revenue generated Lease payments excluding interest are payable as followsfrom any future concentrate production from the project payable to Vale; and 2024 $2023 $4a royalty of 1.8% on Net Operating Revenue generated from any future concentrate production from the project payable to BNDES.Less than one year150,940239,075No material losses are anticipated in respect of any of the above contingent liabilities. There are no other contingent Between one and ve years498,534267,979liabilities that require disclosure. 649,474507,05422.3Jaguar Installation LicenseAmounts or Loss 2024 $2023 $During the year the Company lodged the application for the Installation License for the Jaguar project with the Par State Interest on lease liabili]es 64,67532,854Environmental Agency, SEMAS. The lodgement of the application gives rise to a contingent liability of up to A$1.93m for Expenses rela]ng to short-term leases399,798454,543environmental compensation associated with the construction of the project. The obligation for compensation will be Expenses rela]ng to leases of low-value assets, excluding short term leases of low11,06917,397created post the approval of the LI and the establishment of an agreed program and timing of works to be carried out. value assetsNote 23.Capital CommitmentsNote 21.Capital and ReservesThe Group has no capital commitments as at the year ended 31 December 2024 (2023: $nil). 20242023 Number ofNumber ofNote 24.Related PartiesSharesShares24.1Key Management Personnel On issue at beginning of period494,857,633427,106,273KMP compensation is comprised of the following: Issue of ordinary shares on exercise of unlisted op]ons at $0.4050 per share950,000- Issue of ordinary shares on exercise of unlisted zero exercise price op]ons625,2471,941,2522024 $2023 $ Issue of ordinary shares on exercise of unlisted op]ons at $0.1800 per share233,333116,667Short term employee benets (Salaries and STI)2,655,7072,830,382 Issue of ordinary shares at $0.3600 per share35,000-Long term employee benets971,546513,721 Issue of ordinary shares for placement at $0.7300 per share-64,293,441Post employment benets115,124109,056 Issue of ordinary shares on exercise of unlisted op]ons at $0.3920 per share-1,400,000Share based payments expense927,362967,341 On issue at the end of the periodFully paid496,701,213494,857,6334,669,7394,420,500 21.1Ordinary Shares24.2Individual Directors and Executives Compensation Disclosures Ordinary shares entitle the holder to participate in dividends and the proceeds on winding up of the Company in proportionInformation regarding individual directors and executives compensation and equity instruments disclosures as required by to the number of and amounts paid on the shares held. Every holder of ordinary shares present at a meeting in person orCorporations Regulation 2M.3.03 is provided in the Remuneration Report section of the Directors Report. by proxy, is entitled to one vote, and upon a poll each share is entitled to one vote.24.3Key Management Personnel and Director Transactions 21.2OptionsA member of KMP, or their related parties, held positions in other entities that resulted in them having control or significant Information relating to options, including details of options issued, exercised or lapsed during the financial year andinfluence over the financial or operating policies of these entities.This entity transacted with the Group in the reporting outstanding at the end of the financial year are set out in Note 9.period. The terms and conditions of the transactions with key management personnel and their related parties were no Page 47 of 60Page 48 of 6072 ANNUAL REPORT CENTAURUS METALS LIMITED'