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AXIOM MINING LIMITED

ANNUAL REPORT 2015

61

Notes to the

financial statements

for the year ended 30 September 2015

GROUP FINANCIAL REPORT

16. Capital and reserves (continued)

d. Options

Details of the movements in options are as follows:

Grant Date Expiry Date

*No. of

options

outstanding

as at

1/10/2014

Exercise

price

Granted

during the

year

Exercised

during the

period

Expired

during the

year

No. of

options

outstanding

as at

30/09/2015

Bergen agreement

02/04/12 02/10/14 666,667

0.4500

(666,667)

Consultants

24/09/12 20/12/15

133,333

0.3000

133,333

Option attached to

private placement

25/10/12 30/10/14 555,556

0.4500

(555,556)

Consultants

30/10/12 30/10/14 433,333

0.4500

(433,333)

Option attached to

private placement

04/03/13 15/02/16 1,666,667

0.3000

1,666,667

Consultants

04/03/13 15/02/16 1,666,666

0.3000

1,666.666

Consultants

10/02/14 10/02/17 883,333

0.2805

883,333

Consultants

11/02/14 30/11/14 1,066,667

0.2550

(1,066,667)

Option attached to

private placement

10/04/14 31/03/15 25,169,525

0.3000

(25,169,525)

Consultants

10/04/14 31/03/15 666,666

0.3000

(666,666)

Consultants

10/04/14 31/03/15 300,000

0.3000

(300,000)

Option to attached

private placement

08/09/14 30/11/14 5,199,223

0.3000

(5,199,223)

Option to attached

private Placement

08/09/14 30/11/14

737,700

0.3000

(737,700)

Options approved

for issue at AGM

01/05/15 30/09/15

0.3000 25,169,498 (2,710,949) (22,458,549)

Options attached to

convertible notes

02/06/15 31/05/16

0.3000 2,000,000

2,000,000

Consultants

10/07/15 30/09/15

0.3000 233,333

(233,333)

Option attached to

private placement

13/07/15 30/09/15

0.3000

66,666

(66,666)

Consultants

10/07/15 31/05/16

0.4000 3,000,000

3,000,000

Consultants

10/07/15 31/05/16

0.5500 4,500,000

4,500,000

Consultants

10/07/15 31/05/16

0.1750 666,666

666,666

Consultants

10/07/15 31/05/16

0.3500 400,000

400,000

Consultants

10/07/15 31/05/16

0.5000 100,000

100,000

39,145,336

36,136,163 (2,710,949) (57,553,885) 15,016,665

* Post consolidation