b'CENTAURUS METALS ANNUAL REPORT 2023Financial Report31 December 2023The following table sets out the vesting outcome base on the Companys Absolute TSR performanceAssessment Table Threshold TSR Level overAmount of ZEPOs which will vest Assessment Periodand become exercisable Less than 25%Zero B/t 25% and 32.5%50% B/t 32.5% and 40%75% 40% or greater100% 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 either a Monte Carlo simulation or a Black-Scholes option pricing technique taking into account the following inputs: ExpectedVesting Life ofShareshareconditionRisk-free Exerciseoptionprice atpriceinterestFair Value at Grant DateExpiry DatePriceyearsgrant datevolatilityrategrant date 16/02/2331/12/26$0.003.87 $1.0950%Relative TSR3.397%$0.8491 16/02/2331/12/26$0.003.87 $1.0950%Absolute TSR 3.397%$0.6354 26/05/2331/12/26$0.003.60 $0.7150%Relative TSR 3.382%$0.4848 26/05/2331/12/26$0.003.60 $0.7150%Absolute TSR 3.382%$0.2592 Expenses Arising from Share Based Payment Transactions 31 December31 December 20232022 $ $Total expense recognised as share-based paymentshare options1,107,7701,143,562 Note 10.Income Tax Numerical Reconciliation of Income Tax Expense to Prima Facie Tax Payable 31 December31 December 20232022 $ $Loss from continuing operations before income tax expense(40,740,002)(42,627,555) Tax at the Australian tax rate of 30% (2022: 27.5%)(12,222,001)(11,722,578) Tax effect of amounts which are not deductible/(taxable) in calculating taxable income: Overseas project generation and review costs3,627,5691,997,922 Share-based payments332,331314,479 Non assessable grant income(391,430)(142,416) Sundry items(728,700)(222,930) (9,382,231)(9,775,523) Effect of tax rates in foreign jurisdictions(89,821)(27,327) Effect of change in tax rates(329,216) Under provision from prior year(884,093)(326,378) Deferred tax assets not recognised10,685,36110,129,228 Income tax benefit, being deferred taxPage 39 of 54 ANNUAL REPORT CENTAURUS METALS LIMITED CENTAURUS METALS LIMITED ANNUAL REPORT 6766'