Axiom Mining 2015 Annual Report

GROUP FINANCIAL REPORT

Directors’ report continued

34

Remuneration report (continued)

e. Remuneration of specified Directors and specified executives (continued)

Post-employment benefits

Share-based Payment

S300A(1) (e)(i)

S300A(1) (e)(vi) Value of share rights as proportion of remuneration %

Short-term benefits

Proportion of remuneration performance related %

Primary Salary and fees $

Non- monetary benefits $

Twelve months to 30 September

Super- annuation $

Retirement benefits $

Performance Rights* $

Total $

Jess Timothy Oram General Manager Exploration 2015

–

–

–

– –

–

–

– –

– –

2014

172,270

– 16,000

– 188,270

Total Remuneration 2015

1,407,621 176,653 117,563

– 367,723 2,069,560 – 280,641 1,075,053

– –

– –

2014

733,722

538 60,152

* For an explanation of performance rights refer to the footnote below the non-executive directors’ remuneration table on page 29.

Share options and performance rights Under the Directors and Executives Performance Rights Plan (approved by shareholders on 22 April 2013): – No (1) performance rights were issued to Directors (2014: Nil) – No performance rights were issued to employees (2014: Nil) – Nil performance rights lapsed during the year (2014: Nil); and – No performance rights were exercised by Directors and employees during the year (2014: Nil). (1) 12 million Rights were approved by shareholders for Mr Mount on 31 March 2015. The Rights have not been issued. A further 150,000 Rights at the exercise price of $0.50 were issued to Mr Gray following approval at the Extraordinary General meeting held of 15 October 2015. Details of the movements as at 30 September 2015 are as follows:

AXIOM MINING LIMITED ANNUAL REPORT 2015

No of rights outstanding as at 1 October 2014

No. of rights outstanding as at 30 September 2015

Granted during the year

Exercised during the year

Lapsed during the year

833,332

– – –

–

(166,666)

666,666 (2)

Stephen Ray Williams Ryan Richard Mount

6,666,661 7,499,993

– (6,666,661) (3) – (6,833,327)

–

666,666

(2) The VWAP hurdles relating to the 666,666 Rights were not met by 21 October 2015 and have lapsed. (3) Cancelled post year-end as detailed in Resolution 6 of the Annual General Meeting dated 31 March 2015.