Axiom Mining 2015 Annual Report

GROUP FINANCIAL REPORT

Directors’ report continued

35

Remuneration report (continued)

Share options and performance rights (continued) During the year, 36,136,163 (2014: 37,427,040) options to acquire ordinary shares in the Company were issued and 57,553,885 (2014: 4,935,060) options expired. Options over ordinary shares of the Company as at 30 September 2015 were as follows:

Grant date

Date of expiry Exercise price Number under option

20/12/15 15/02/16 15/02/16 10/02/17 31/05/16 31/05/16 31/05/16 31/05/16 31/05/16 31/05/16

$0.30 $0.30 $0.30

133,333

24/09/12 04/03/13 04/03/13 10/02/14 02/06/15 10/07/15 10/07/15 10/07/15 10/07/15 10/07/15

1,666,667 1,666,666

$0.2805

883,333

$0.30 $0.40 $0.55 $0.175 $0.35 $0.50

2,000,000 3,000,000 4,500,000

666,666 400,000

100,000 15,016,665

AXIOM MINING LIMITED ANNUAL REPORT 2015

Option holders do not have any rights to participate in any issues of shares or other interests in the Company or any other entity. Details of shares or interests issued during or since the end of the financial year as a result of exercise of options are:

Amount paid for shares $000

Amount unpaid on shares $000

Number of shares issued

Class of shares

Ordinary

953

–

3,764,653

ASIC Class Order 98/100 rounding of amounts The Company is an entity to which ASIC Class Order 98/100 applies and, accordingly, amounts in the financial statements and directors’ report have been rounded to the nearest thousand dollars. Likely developments and expected results In the opinion of the Directors it may prejudice the interests of the Company to provide additional information in relation to the future developments and business strategies of the operations of the Company and the expected results of those operations in subsequent financial years. Environmental regulation The Group is subject to significant environmental regulation with respect to its exploration activities. The Group aims to ensure that the appropriate standard of environmental care is achieved, and in doing so, that it is aware of and is in compliance with all environmental legislation. The Directors of the Company are not aware of any breach of environmental legislation for the year under review.

Auditors The Group’s financial statements have been audited by Hall Chadwick Chartered Accountants and Business Advisors.

Other transactions with KMP and their related parties Apart from the transactions disclosed in the remuneration report above and in Note 20 to the consolidated financial statements, there were no other transactions conducted between the Group and KMP or their related parties, relating to equity, compensation and loans, that were conducted other than in accordance with normal employee, customer or supplier relationships on terms no more favourable than those reasonably expected under arm’s length dealings with unrelated persons.