Some of it was for failure to secure finance by 3rd June 2022 as per the Annual report to shareholders,
Tranche 3 4,000,000 3-Jun-19 Nil 3-Jun-22 0.08 $320,000 Nil
The share-based payments in relation to Class F Performance Rights of $168,980 (2020: $376,004) were
expensed to the statement of profit or loss and other comprehensive income over its vesting period at a 100%
probability of meeting vesting conditions.
On 3 June 2019, 4,500,000 Class H Performance Rights were issued to a director of the Company, with the
vesting terms as below.
1. Tranche 1 – 1,500,000 Performance Rights shall vest upon Performance Rights shall vest upon the
completion of Feasibility Study on the Manono Project.
2. Tranche 2 – 1,500,000 Performance Rights shall vest executing an offtake agreement for at least 25% of the
product (Tin and Lithium) from the Manono Project.
"3. Tranche 3 – 1,500,000 Performance Rights shall vest upon the completion of the Manono Project financing."
GLTAH
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