for the year ended 30 June 2023 FINANCIAL REPORT REMUNERATION REPORT (AUDITED) 38 Westgold Resources Limited Annual Report 2023 How is performance measured? Relative Total Shareholder Return (RTSR) Performance Condition The RTSR Performance Rights (30% of total Rights) are measured against a defined peer group of companies over the testing period, which the Board considers compete with the Company for the same investment capital, both in Australia and overseas, and which by the nature of their business are influenced by commodity prices and other external factors similar to those that impact on the Total Shareholder Return performance of the Company. The comparator group of companies for FY23 Rights comprises of: Gold Road Resources Limited Musgrave Minerals Limited Dacian Gold Limited Newcrest Mining Limited Ramelius Resources Limited Regis Resources Limited Red 5 Limited Resolute Mining Limited St Barbara Limited Silver Lake Resources Limited The vesting schedule for the RTSR measure is as follows: RTSR Performance % Contribution to the Number of Rights to Vest Below 50th percentile 0% At 50th percentile 50% Above 50th percentile and below 75th percentile Pro-rata from 50% to 100% 75th percentile and above 100% Absolute Total Shareholder Return (ATSR) Performance Condition The ATSR Performance Rights (30% of total Rights) will vest subject to the performance of the Company’s Total Shareholder Return over the service period. The ATSR will be measured by comparing the 30 day VWAP at grant date to the 30 day VWAP at vesting date (30 June 2025). The vesting schedule for the ATSR measure is as follows: ATSR Performance % Contribution to the Number of Rights to Vest Below 15% 0% Between 15% and up to 25% Pro-rata from 50% to 75% Between 25% and up to 50% Pro-rata from 75% to 100% Greater than 50% 100%
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