[IMG]Management is going to be busy to get these options...

Management is going to be busy to get these options exercised as per condition 1
We may be getting a few more options exercised in the next few weeks imo as well


The outstanding balance of ESOP options as at 30 June 2020 is represented by:

A description the Company’s other share based payments is set out following:
1 Securities issued as consideration for the acquisition of a subsidiary
On 18 April 2019, the Company acquired Carnaby Holdings through the issue of ordinary shares and unlisted options over ordinary
shares to the shareholders of Carnaby Holdings as consideration.
Number of
options Grant date Vesting Expiring
Strike price per
option
Contractual
life (years)
Fair value
per option
Key Management Personnel
1,000,000 27-Nov-17 Performance condition1 30-Nov-20 $0.001 3.0 $0.084
1,000,000 27-Nov-17 Performance condition2 30-Nov-20 $0.001 3.0 $0.297
Other employees
150,000 27-Nov-17 Performance condition1 30-Nov-20 $0.001 3.0 $0.084
150,000 27-Nov-17 Performance condition2 30-Nov-20 $0.001 3.0 $0.297

The outstanding balance of ESOP options as at 30 June 2020 is represented by:

1 Options vest upon the Company announcing a Mineral Resource reported in accordance with the JORC Code (or an increase in a Mineral Resource
reported in accordance with the JORC Code for any projects acquired by the Company with an existing Mineral Resource reported in accordance with
the JORC Code) with an aggregate in-ground value of more than $250,000,000.

2 Options vest upon the Company reaching a market capitalisation exceeding $30,000,000 for 30 concurrent days.