9.2 
Inputs for Measurement of Grant Date Fair Values 
The fair value at grant date of the share-based payments is charged to the income statement over the period which the 
benefits of the employee services are expected to be derived. The fair values of awards granted were estimated using a 
Monte Carlo simulation taking into account the following inputs: 
Grant 
Date 
Expiry 
Date 
Exercise 
Price 
Life of 
Options 
Years 
Share 
Price at 
Grant 
Date 
Expected 
Share 
Price 
Volatility 
Vesting 
Condition 
Risk Free 
Interest 
Rate 
Fair 
Value at 
Grant 
Date 
07/02/25 
31/12/28 
$0.00 
3.90 
$0.370 
55% 
Relative TSR 
3.701% 
$0.3406 
07/02/25 
31/12/28 
$0.00 
3.90 
$0.370 
55% 
Absolute TSR 
3.701% 
$0.2641 
26/05/25 
31/12/28 
$0.00 
3.60 
$0.400 
55% 
Relative TSR 
3.366% 
$0.3004 
26/05/25 
31/12/28 
$0.00 
3.60 
$0.400 
55% 
Absolute TSR 
3.366% 
$0.2269 
Expenses Arising from Share Based Payment Transactions 
 
2025 $ 
2024 $ 
Total expense recognized as share based payment – share options 
1,091,441 
1,077,837 
Note 10. Income Tax 
10.1 Numerical Reconciliation of Income Tax Expense to Prima Facie Tax Payable 
 
2025 $ 
2024 $ 
Loss from continuing operations before income tax expense 
(14,308,070) 
(18,445,636) 
Tax at the Australian tax rate of 30% (2024: 30%) 
(4,292,421) 
(5,533,691) 
Tax effect of amounts which are not deductible/ (taxable) in calculating taxable 
income: 
 
 
Overseas project generation and review costs 
1,459,763 
2,515,139 
Share-based payments 
327,432 
323,351 
Non assessable grant income 
(182,389) 
(664,704) 
Sundry items 
95,514 
75,788 
 
(2,592,101) 
(3,284,117) 
Effect of tax rates in foreign jurisdictions  
(77,646) 
(85,616) 
Under provision from prior year 
4,193 
(1,179,024) 
Deferred tax assets not recognised 
2,665,554 
4,548,757 
Income tax benefit, being deferred tax 
- 
- 
10.2 Tax Losses 
 
2025 $ 
2024 $ 
Tax losses 
80,774,374 
75,233,627 
Potential tax benefit (between 30-34%) 
25,344,781 
23,563,778 
The tax losses do not expire under current tax legislation.  Deferred tax assets have not been recognised in respect of 
remaining tax losses because it is not probable that future taxable profit will be available against which the Group can utilise 
the benefit. 
 
65
CENTAURUS METALS LIMITED     ANNUAL REPORT

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