St George Mining Ltd Annual Report 2024

Notes to the Consolidated Financial Statements for the year ended 30 June 2024 18. SHARE BASED PAYMENTS (CONTINUED) Key Management Personnel Grant Date Number of Performance Rights J Prineas Class A 24.03.23 2,000,000 Class B 24.03.23 2,000,000 Class C 24.03.23 2,000,000 Class D 24.03.23 2,000,000 J Dawson Class A 24.03.23 500,000 Class B 24.03.23 500,000 Class C 24.03.23 500,000 Class D 24.03.23 500,000 S Shipway Class A 24.03.23 500,000 Class B 24.03.23 500,000 Class C 24.03.23 500,000 Class D 24.03.23 500,000 (a) O n 20 November 2023 the Company issued 10,000,000 Unlisted Options exercisable at $0.057 on or before 17 November 2026 for services rendered to the Company. The options vested upon issue. The options were ascribed the below value using the Black-Scholes model. Valuation Date Risk Free Rate Volatility Expiry Date Exercise Price Value $ 06.11.2023 4.27% 70.87% 17.11.2026 0.057 0.0195 (b) O n 20 November 2023 the Company issued 12,887,368 Unlisted Options exercisable at $0.06 on or before 17 November 2026 for services rendered to the Company. The options vested upon issue. The options were ascribed the below value using the Black-Scholes model. Valuation Date Risk Free Rate Volatility Expiry Date Exercise Price Value $ 06.11.2023 4.27% 70.87% 17.11.2026 0.06 0.0189 (c) O n 24 March 2023 the Company issued 2,000,000 Listed Options exercisable at $0.10 on or before 13 December 2025 for services rendered to the Company. The options vested upon issue. The options were valued at market value at a value of $0.018 per listed option. 44 St George Mining Limited Annual Report 2024

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