18. SHARE BASED PAYMENTS (CONTINUED) A summary of the movements in the Company options, other than the performance options noted above, issued is as follows: Number Weighted Average Exercise Price $ Options outstanding as at 30 June 2022 7,500,000 0.15 Issued 18,000,000 0.10 Forfeited – – Exercised – – Expired (2,500,000) – Options outstanding as at 30 June 2023 23,000,000 0.10 Issued 24,887,368 0.06 Forfeited – – Exercised – – Expired (7,000,000) – Options outstanding as at 30 June 2024 40,887,368 0.08 Options exercisable as at 30 June 2024 40,887,368 – Options exercisable as at 30 June 2023 23,000,000 – The weighted average remaining contractual life of options outstanding at the year-end was 1.97 years (2023: 2.3 years). The weighted average exercise price of outstanding options at the end of the report period was $0.08 (2023: $0.10). 19. COMMITMENTS AND CONTINGENCIES (a) Commitment Mineral exploration commitments The Group has the following minimum exploration expenditure requirements in connection with its exploration tenements. 30 June 2024 $ 30 June 2023 $ Not later than one year 1,200,270 461,622 Later than one year but not later than two years 151,930 457,344 1,352,200 918,966 (b) Contingent liabilities and commitments The Group owns 100% of five subsidiaries, Desert Fox Resources Pty Ltd, Blue Thunder Resources Pty Ltd, Destiny Lithium Pty Ltd, Niobium Dragon Pty Ltd, Lithium Blue Pty Ltd and 90% of Lithium Star Pty Ltd the main activities of which are exploration. The effect of these subsidiaries is to make the St George Mining owned subsidiaries contractually responsible for any transactions undertaken by the subsidiary. The parent entity has provided certain guarantees to third parties whereby certain liabilities of the subsidiary are guaranteed. There are no contingent liabilities as at the date of this report. 45 St George Mining Limited Annual Report 2024
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