16.8.3 Options Over Equity Instruments  
The movement during the reporting period, by number of options over ordinary shares in Centaurus Metals Limited held, 
directly, indirectly and beneficially, by each KMP, including their related parties, is as follows: 
Executive 
Held 
01/01/25 
Exercised 
Granted as 
Compensation 
Forfeited 
Purchased 
Held 
31/12/25 
Vested 
During the 
Period 
Vested and 
exercisable  
Mr D M Murcia 
- 
- 
- 
- 
- 
- 
- 
- 
Mr D P Gordon 
2,071,909 
(195,151) 
1,454,306 
(250,908) 
41,666 
3,121,822 
195,151 
41,666 
Mr B R Scarpelli 
949,646 
(67,961) 
710,496 
(87,378) 
- 
1,504,803 
67,961 
- 
Mr M D Hancock 
- 
- 
- 
- 
13,888 
13,888 
- 
13,888 
Mr C A Banasik 
- 
- 
- 
- 
41,666 
41,666 
- 
41,666 
Dr N Streltsova 
- 
- 
- 
- 
- 
- 
- 
- 
Mr R J Fitzhardinge 
772,162 
(51,182) 
559,884 
(95,052) 
41,666 
1,227,478 
51,182 
41,666 
Mr J W Westdorp 
874,728 
(70,415) 
638,464 
(90,534) 
- 
1,352,243 
70,415 
- 
Mr W E Foote 
949,821 
(75,244) 
695,762 
(96,742) 
- 
1,473,597 
75,244 
- 
The purchased column above includes options acquired by certain KMP through participation in the Company’s share 
purchase plan (SPP) during the reporting period. These options were not granted as compensation, were not issued under 
the Company’s equity incentive or remuneration framework, and were acquired on the same terms as those offered to 
other eligible shareholders. 
Accordingly, options acquired through the SPP are disclosed in this table for completeness, however they do not form part 
of remuneration as determined by the Board. 
16.8.4 Analysis of Movement in Options Granted as Compensation 
The movement during the reporting period, by value, of options over ordinary shares in the Company that were previously 
granted as compensation held by each director, KMP and each of the Company executives and relevant Group executives is 
detailed below: 
 
Granted $(1) 
Exercised $(2) 
Directors 
 
 
Mr D M Murcia 
- 
- 
Mr D P Gordon 
383,428 
67,327 
Mr B R Scarpelli 
187,322 
23,447 
Mr C A Banasik 
- 
- 
Mr M Hancock 
- 
- 
Dr N Streltsova 
- 
- 
Executives 
 
 
Mr R J Fitzhardinge 
169,281 
17,658 
Mr J W Westdorp 
193,040 
24,293 
Mr W E Foote 
210,364 
25,959 
(1) 
The value of options granted in the year is the fair value of the options calculated at grant date using a Monte Carlo option pricing model.  The total 
value of the options granted is included in the table above. This amount is allocated to remuneration over the vesting period. 
(2) 
The value of options exercised during the year is calculated as the market price of shares of the Company as at close of trading on the date the options 
were exercised after deducting the price paid to exercise the option.  
 
46
ANNUAL REPORT     CENTAURUS METALS LIMITED
CENTAURUS METALS ANNUAL REPORT 2025

View this content as a flipbook by clicking here.