b'CENTAURUS METALS ANNUAL REPORT 202315.4Non-Executive DirectorsFees and payments to Non-Executive directors reflect the demands which are made on, and the responsibilities of, the directors.Non-Executive directors fees and payments are reviewed at least annually by the Board. The Chairs fees are determined independently to the fees of Non-Executive directors based on comparative roles in the external market and prevailing market conditions. The advice of independent remuneration consultants is sought on an annual basis. Non-Executive directors remuneration consists of set fee amounts. The current level of fees Non-Executive directors is $77,000 per annum. The Non-Executive Chairs fees are $115,000 per annum. There have been no fee increases for Non-ExecutivedirectorsaspartoftheCompanysannualreviewinJanuary2024.Directorsdonotreceiveadditional committee fees. Non-Executive directors fees are subject to an aggregate pool limit, which is periodically recommended for approval by shareholders. The approved pool limit is currently $600,000. There is no provision for retirement allowances for Non-Executive directors. Non-Executive Directors may be granted options from time to time to provide a meaningful additional incentive for their ongoing commitment and dedication to the continued growth of the Group and to assist the Company in attracting and retaining the highest calibre of Non-Executive Director, whilst maintaining the Groups cash reserves. There were no options granted or issued to Non-Executive Directors in the current period, with the cost reported relating to prior period issues which are progressively vesting. Refer to Section 15.8 for options issued during prior periods. Prior to issuing incentives the Board considers whether the issue is reasonable in the circumstances.15.5Key Management Personnel Transactions Loans to Key Management Personnel and Their Related Parties No loans have been made to directors or other key management personnel of Centaurus Metals Limited or the Group. Key Management Personnel and Director Transactions Key Management Personnel, or their related parties, hold positions in other entities that result in them having control or significant influence over the financial or operating policies of these entities. Two of these entities transacted with the Group in the reporting period. The terms and conditions of the transactions with key management personnel and their related parties were no more favourable than those available, or which might reasonably be expected to be available, on similar transactions to non-key management personnel related entities on an arms length basis. The aggregate value of transactions and outstanding balances relating to key management personnel and entities over which they have control or significant influence were as follows: Transaction ValueBalance Outstanding as at 2023202231 Dec 2023 31 Dec 2022 Key Management Person Transaction$$ $ $Mr D M Murcia(1) Legal fees 74,053 21,578 11,0826,015Natalia Streltsova (2) Technical consulting 35,000- Total and current liabilities11,0826,015 (1)Payable to MPH Lawyers, a firm in which Mr Murcia is a partner. (2)Payable to Vintage94 Pty Ltd, a company of which Dr Streltsova is a director. 15.6Performance Based Remuneration Granted and Forfeited During the Year Subsequent to the end of the period, the Board assessed the achievement of objectives under the STI Plan resulting in the payments noted below. There was no increase in the target STI levels (as a percentage of TFR) for any of the KMP during the period.Target STI Target FY23 STISTI QuantumSTI Quantum Executive(% of TFR)Quantum $Earned $Forfeited $ Mr D P Gordon50%266,500143,910122,590 Mr B S Scarpelli45%140,80090,39650,404 Mr W E Foote40%109,44059,09850,342 Mr J W Westdorp40%156,00084,24071,760 Mr R J Fitzhardinge40%170,00091,80078,20044 ANNUAL REPORT CENTAURUS METALS LIMITED CENTAURUS METALS LIMITED ANNUAL REPORT 45Page 18 of 54'