Ann: Change of Director's Interest Notice - C. Stevens, page-3

If they make the bar any lower, he only has to get and go to work to receive the performance rights.

Each CEO Performance Right is granted subject to the following vesting conditions:

• announcement by the Company to ASX of a ‘mineral resource’ (in accordance with the JORC Code) in relation to the Emmie Bluff prospect at the Company’s Elizabeth Creek Project, located in South Australia;
• in respect of one third of the CEO Performance Rights, Mr Stevens not having resigned or being dismissed as Chief Executive Officer prior to 1 July 2022;
• in respect of one third of the CEO Performance Rights, Mr Stevens not having resigned or being dismissed as Chief Executive Officer prior to 1 July 2023; and
• in respect of one third of the CEO Performance Rights, Mr Stevens not having resigned or being dismissed as Chief Executive Officer prior to 1 July 2024.

The value of the CEO Performance Rights is estimated to be $0.622 each or $64,219 in total

I wish I could go to work for 3 years and get a $62K bonus (it does assume the share price will be at $1.48)

He also received 2,000,000 options with a strike price of $0.02145 for the following:

• The Company being admitted to the official list of ASX. (Let's remember he was the CEO of Gindalbie Metals from 2016 and then selling out to the majority shareholder - Ansteel. Ansteel did not start as the majority shareholder when Chris joined but he could not execute on the construction phase and took a bail out from Ansteel.)
• In respect of one third of the PEPOs, the trading price of Shares achieving $0.23 or greater, and Mr Stevens not having resigned or being dismissed as a Director prior to that time.
• In respect of one third of the PEPOs, the trading price of Shares achieving $0.27 or greater, and Mr Stevens not having resigned or being dismissed as a Director prior to that time.
• In respect of one third of the PEPOs, the trading price of Shares achieving $0.30 or greater, and Mr Stevens not having resigned or being dismissed as a Director prior to that time.

So he is sitting on a $1.4 million pay day for vesting rights that are no more than getting out of bed. OMG