14. ISSUED CAPITAL (CONTINUED) Movements in Ordinary Shares Number Number At the beginning of the reporting period 840,510,549 700,017,808 Shares issued during the period November 2023: 94,105,263 shares issued at $0.038 94,105,263 – November 2023: 37,473,684 shares issued at $0.038 37,473,684 – December 2023: 42,105 shares issued at $0.038 42,105 – December 2022: 105,941,190 shares issued at $0.068 – 105,941,190 January 2023: 23,255,814 shares issued at $0.086 – 23,255,814 Options exercised during the year – – Share based payments(i), (ii) 16,408,831 11,295,737 At reporting date 988,540,432 840,510,549 (i) During the year ended 30 June 2024 the following share-based payments were made: (a) 6,064,435 fully paid ordinary shares were issued at $0.066 per share as consideration to acquire exploration licences. (b) 3,157,894 fully paid ordinary shares were issued at $0.038 per share as payment for expenses. (c) 2,774,737 fully paid ordinary shares were issued at $0.038 per share as payment for expenses. (d) 4,411,765 fully paid ordinary shares were issued at $0.034 per share as consideration to acquire exploration licences. (ii) During the year ended 30 June 2023 the following share-based payments were made: (a) 1,250,000 fully paid ordinary shares were issued at $0.071 per share as consideration to acquire exploration licences. (b) 4,225,319 fully paid ordinary shares were issued at $0.071 per share as consideration to acquire exploration licences. (c) 2,695,418 fully paid ordinary shares were issued at $0.074 per share as consideration to acquire exploration licences. (d) 3,125,000 fully paid ordinary shares were issued at $0.080 per share as consideration to acquire exploration licences. Movements in Performance Options Number Number At the beginning of the reporting period 22,500,000 – Changes to Performance Options Performance Options cancelled during the year (3,000,000) – Issued during the year(i) 2,000,000 22,500,000 At reporting date 21,500,000 22,500,000 (i) The Company issued 2,000,000 performance options (2023: 22,500,000) during the year. Please refer to Note 18. (b) Reserve Movements in reserve CONSOLIDATED 30 June 2024 $ CONSOLIDATED 30 June 2023 $ At the beginning of the year 1,321,022 496,426 Expiry of options transferred to accumulated losses – – Expiry of performance options 226,236 – Performance options expense(i) 438,973 824,596 Share based payments expense – – At reporting date 1,986,231 1,321,022 (i) Performance options expense (see Note 18). 39 St George Mining Limited Annual Report 2024
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