QUOTE FROM ANN.Share Price KPIThe Director Performance Rights...

QUOTE FROM ANN.

Share Price KPI
The Director Performance Rights will vest upon the Company’s share price exceeding a VWAP equal to 140% of the 5 day VWAP
prior to the 2021 AGM at any time in the period to 31 December 2023 for a period of at least 1 month.
The KPI’s relate to the Participating Directors’ and the Company’s performance during the period 11 November 2021 to 31
December 2023.

Short-term incentive KPI
The Executive Director Performance Rights vest and become exercisable if KPI hurdles are satisfied by 31 December 2022 and are
at the discretion of the Board. The Board will determine a number of short-term KPI’s for the 2022 calendar year and will consider
vesting conditions including, but not limited to exploration management, project generation, RML share price performance and
budget management.
The Executive Director Performance Right KPI’s relate to Mr Chessell’s and the Company’s performance during the 12 month period
ending on to 31 December 2022. Executive Director Performance Rights will lapse by 31 March 2023 if the KPI hurdle is not met
and will be exercisable until 31 December 2025 if the rights vest.

~~~~~~~~~~~~~~~

140% KPI SP performance level for short term performance rights? Seems like not an overly ambitious target. For me 200% would be the minimum target to aim for.

Have to think hard about this resolution, as I am leaning against it.