SHARE OPTIONS Unissued shares At the date of this report the Company had 39,188,238 listed options on issue. At the date of this report the Company had on issue the below unlisted options: Unlisted Options Class Grant Date Number of Options Exercise Price $ Expiry Date Unlisted Options 20.11.2023 39,224,209 $0.06 17.11.2026 Unlisted Options 20.11.2023 10,000,000 $0.057 17.11.2026 Class A Performance Options* 29.09.2022 1,500,000 – 31.12.2024 Class B Performance Options* 29.09.2022 1,500,000 – 31.12.2025 Class C Performance Options* 29.09.2022 2,250,000 – 31.12.2025 Class D Performance Options* 29.09.2022 2,250,000 – 30.06.2026 Class A Performance Options* 16.03.2023 3,000,000 – 31.12.2024 Class B Performance Options* 16.03.2023 3,000,000 – 31.12.2025 Class C Performance Options* 16.03.2023 3,000,000 – 31.12.2025 Class D Performance Options* 16.03.2023 3,000,000 – 30.06.2026 Class A Performance Options* 31.07.2023 500,000 – 31.12.2024 Class B Performance Options* 31.07.2023 500,000 – 31.12.2025 Class C Performance Options* 31.07.2023 500,000 – 31.12.2025 Class D Performance Options* 31.07.2023 500,000 – 30.06.2026 * Options vest on certain milestones being achieved. During the financial year ended 30 June 2024, and at the date of this report, none of these unlisted options were converted into fully paid ordinary shares. Option holders do not have any rights to participate in any issues of shares or other interests in the Company or any other entity. PROCEEDINGS ON BEHALF OF THE COMPANY No person has applied for leave of court to bring proceedings on behalf of the Company or intervene in any proceedings to which the Company is a party for the purpose of taking responsibility on behalf of the Company for all or any part of those proceedings. The Company was not a party to any such proceedings during the year. CORPORATE GOVERNANCE STATEMENT St George Mining is committed to ensuring that its policies and practices reflect a high standard of corporate governance. The Board has adopted a comprehensive framework of Corporate Governance Guidelines. Throughout the 2024 financial year the Company’s governance was consistent with the Corporate Governance Principles and Recommendations (4th edition) published by the ASX Corporate Governance Council. The Group’s Corporate Governance Statement can be viewed at www.stgm.com.au. EVENTS SUBSEQUENT TO BALANCE DATE On 6 August 2024 the Company announced that it had entered into a binding conditional agreement to acquire all the issued capital of Itafos Araxá Mineracao E Fertilizantes S.A (“Itafos Araxá”) which owns 100% of the advanced niobium-REE Araxá Project in Minas Gerais, Brazil (“Araxá” or “the Project”). The closing of the transaction is subject to the completion (or waiver) of certain conditions by November 3, 2024. St George advised that it has received firm commitments for a placement of shares to raise AUD$21,250,000 via the issue of 850,000,000 ordinary shares of the Company to institutional and sophisticated investors at an issue price of $0.025 (the “Placement”). 21 St George Mining Limited Annual Report 2024
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