Kununurra,
As they are unlisted options, they will be under an Issuer Sponsored holding-- they will not be held by your broker.
You can sell some existing shares and exercise these options at 2.5c in the first year and they will convert to fully paid shares and then transfer them to your broker holdings
It's a win win, you can sell some shares above 4c, exercise at 2.5c to get them back cheaper and the company get a further 2.5c in their coffers.
Best of luck
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