Notes to the Consolidated Financial Statements for the year ended 30 June 2024 14. ISSUED CAPITAL (CONTINUED) A summary of the outstanding options and performance rights at 30 June 2024 in the Company is listed below: Unlisted Options Class Grant Date Number of Options Exercise Price $ Expiry Date Listed Options – 39,188,238 $0.10 13.12.2025 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. (c) Other Reserves 30 June 2024 $ 30 June 2023 $ Investment by non-controlling interest in subsidiary 2,704,593 – At reporting date 2,704,593 – In accordance with the accounting policy, the difference between the fair value of the consideration given by non-controlling interests and their share of the net assets of the subsidiary in which the non-controlling interest invests, is taken to the equity attributable to members of the parent company. During the year, the group received $3 million from non-controlling interests in Lithium Star Pty Ltd for a 10% equity share. The resulting difference between the share capital contribution and the net assets of Lithium Star have been taken to equity as “other reserves”. 15. ACCUMULATED LOSSES CONSOLIDATED 30 June 2024 $ CONSOLIDATED 30 June 2023 $ Accumulated losses at the beginning of the year (71,094,732) (60,366,967) Loss for the year (8,113,025) (10,727,765) Expiry of options transferred from accumulated losses – – Accumulated losses at the end of the year (79,207,757) (71,094,732) 40 St George Mining Limited Annual Report 2024
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