Ann: Key Board and Management Appointments, page-9

Even more interesting is that as far as I can work out his original (Feb 2016) performance incentives are also still in play...

Tranche 1 – 5,000,000 options at an exercise price of 2c/ share (with an expiry date of 30 June 2017) subject to a performance hurdle of a minimum of a 20-day VWAP of 4c/ share AND the successful completion of the acquisition (subject to due diligence) of the Seymour Lake Lithium Project and/or the Root Lake Lithium Project or such other project as approved by the Board; and

Tranche 2 - 5,000,000 options at an exercise price of 2c/ share (with an expiry date of 30 June 2017) subject to a performance hurdle of a minimum of a 20-day VWAP of 4c/ share AND the successful execution of an off-take agreement on terms acceptable to the Board of a minimum of 5,000tpa of contained lithium and/or 10,000tpa of contained graphite.