Note 6. Operating Segments  
The Group operates in the mineral exploration industry. For management purposes the Group is organised into one main 
operating segment which involves the exploration of minerals. All of the Group’s activities are interrelated and financial 
information is reported to the Managing Director (chief operating decision maker) as a single segment. Accordingly, all 
significant operating decisions are based upon an analysis on the Group as one segment. The financial results and financial 
position from this segment are largely equivalent to the financial statements of the Group as a whole. 
Geographical Segment Information 
2025  
Non-current 
Assets $ 
2024 
Non-current 
Asset $ 
Brazil 
24,962,283 
20,135,060 
Australia 
636,287 
809,429 
 
25,598,570 
20,944,489 
Note 7. Other Income 
 
2025 $ 
2024 $ 
R&D tax refund 
607,965 
2,215,681 
Rent 
21,890 
17,643 
Other 
882 
- 
 
630,737 
2,233,324 
Note 8. Employee Benefits Expense 
 
2025 $ 
2024 $ 
Salaries, fees and other benefits 
8,777,520 
10,059,899 
Superannuation 
420,922 
473,105 
Recognised in exploration expenditure expense 
(4,386,734) 
(7,453,181) 
Recognised in mine development 
(1,837,488) 
- 
 
2,974,220 
3,079,823 
Note 9. Share-based Payments 
From time to time the Group may make share-based payments in connection with its activities. These payments may 
comprise the issue of options under various terms and conditions. Options granted carry no dividend or voting rights.  When 
exercisable, each option is converted into one ordinary share of the Company with full dividend and voting rights. 
During the reporting period 4,900,298 options were issued to employees and executive directors (2024: 3,901,896). Options 
issued to employees were issued under the Employee Share Incentive Plan approved by shareholders at the Annual General 
Meeting on 26 May 2025. Options issued to executive directors were approved by shareholders under ASX Listing Rule 
10.11. 
9.1 
Reconciliation of Outstanding Employee and Director Share Options  
The number and weighted average exercise prices of share options issued to employees and directors are as follows: 
 
Weighted 
Average Exercise 
Price 2025 
Number of 
Options 2025 
Weighted 
Average Exercise 
Price 2024 
Number of 
Options 2024 
Outstanding at start of period 
$0.0000 
6,662,280 
$0.1052 
5,789,169 
Exercised during the period 
$0.0000 
(523,238) 
$0.2360 
(1,808,580) 
Lapsed during the period 
$0.0000 
(701,982) 
$0.0000 
(770,205) 
Issued during the period 
$0.0000 
4,900,298 
$0.0000 
3,901,896 
Expired during the period 
$0.0000 
- 
$0.4050 
(450,000) 
Outstanding at balance date 
$0.0000 
10,337,358 
$0.0000 
6,662,280 
Exercisable at balance date 
$0.0000 
- 
$0.0000 
- 
63
CENTAURUS METALS LIMITED     ANNUAL REPORT

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