ANNUAL Report June 2025 Directors’ Report 1 (d) Cash Bonuses A sign-on Bonus of $20,000 was paid to Chief Financial Officer, J. Kort. (e) Equity Instruments The Company rewards Directors and executives for their performance and aligns their remuneration with the creation of shareholder wealth by issuing shares, options or performance rights. Share-based compensation is at the discretion of the Board, and no individual has an unconditional contractual right to participate in any share-based plan or receive any guaranteed benefits. (i) Shareholdings The trading of shares issued pursuant to the Company’s Equity Incentive Plan is subject to the Company’s Securities Trading Policy. Key Management Personnel and employees are encouraged not to trade shares granted to align the Director, Key Management Personnel and employee interests with all shareholders' interests. Details of equity instruments (other than options and rights) held directly, indirectly or beneficially by Key Management Personnel and their related parties are as follows: 30 June 2025 Balance at 1 July 2024 Granted as compensation Received on exercise of Performance Rights / Options Other Changes Balance at 30 June 2025 Balance held nominally Directors O. Kleinhempel 22,033,600 - 1,111,111 23,144,711 - C.R. Bradshaw - - - 1,107,142 1,107,142 S. Layton 55,431,559 - - - 55,431,559 - R. Morrow 6,991,471 - - 952,381 7,943,852 - S. Weir - - - 3,079,364 3,079,364 - Z.P. Yeo 73,482,310 - - 40,987,272 114,469,582 - Executives K.B. MacNeill 3,471,789 - - (250,000) 3,221,789 - A. Mooney - - - - - - J. Kort - - - - - - 161,410,729 - - 46,987,270 208,397,999 - (ii) Options and Performance Rights Holdings Details of options and performance rights held directly, indirectly or beneficially by Key Management Personnel and their related parties during the financial year are as follows: 30 June 2025 Balance 1 July 2024 Granted Lapsed / Cancelled Exercised Balance 30 June 2025 Total vested and exercisable Total unvested & unexercisable Directors O. Kleinhempel 312,500 8,370,370 - - 8,682,870 8,682,870 - C.R. Bradshaw - - - - - - - S. Layton 312,500 3,000,000 - - 3,312,500 3,312,500 - R. Morrow 312,500 3,222,222 - - 3,534,722 3,534,722 - S. Weir - 3,740,741 - - 3,740,741 3,740,741 - Z.P. Yeo 312,500 16,471,948 - - 16,784,448 16,784,448 - Executives K.B. MacNeill 1,000,000 8,000,000 - - 9,000,000 5,000,000 4,000,000 A. Mooney - 6,000,000 (6,000,000) - - - - J. Kort - - - - - - - 2,250,000 48,805,281 (6,000,000) - 45,055,281 41,055,281 4,000,000 EQ Resources Limited Annual Report 2025 67
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