for the year ended 30 June 2023 FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 92 Westgold Resources Limited Annual Report 2023 28.SHARE-BASED PAYMENTS (CONTINUED) (d) Performance rights (Rights) (continued) Summary of rights granted under the Employee Share and Option Plan 2023 Number 2023 WAEP 2022 Number 2022 WAEP Outstanding at the beginning of the year 2,459,072 – 2,213,898 – Granted during the year 3,159,585 – 2,128,138 – Exercised during the year (126,564) – (205,768) – Lapsed/forfeited during the year (1,053,147) – (1,677,196) – Outstanding at the year end 4,438,946 – 2,459,072 – Exercisable at the year end – – – – The following table represents the outstanding balance as at 30 June 2023: Grant Date Vesting date Expiry date Exercise price Number of Options / Rights Options lapsed / forfeited Options / Rights Issued / (exercised) Number of Options / Rights at end of the year On issue Vested ZEPO - Tranche 3 07/05/2020 30/06/2022 30/06/2022 $0.00 126,564 – (126,564) – – Rights - Tranche 4 24/11/2020 30/06/2023 30/06/2023 $0.00 762,080 (51,739) – 710,341 – Rights - Tranche 5 11/10/2021 30/06/2024 30/06/2024 $0.00 202,435 – – 202,435 – 11/10/2021 30/06/2024 30/06/2024 $0.00 1,367,993 (409,370) – 958,623 – Rights - Tranche 6 04/11/2022 30/06/2025 01/10/2025 $0.00 – – 385,233 385,233 – 04/10/2022 30/06/2025 01/10/2025 $0.00 – (592,038) 2,774,352 2,182,314 – Total 2,459,072 (1,053,147) 3,033,021 4,438,946 – Weighted average remaining contractual life of share-based payments The weighted average remaining contractual life for the share-based payments outstanding as at 30 June 2023 is 1.69 years (2022: 1.68 years). Range of exercise price of share-based payments The range of exercise price for share-based payments outstanding at the end of the year is $0.00 (2022: $0.00). Weighted average fair value of share-based payments The weighted average fair value of share-based payments granted during the year was $0.62 (2022: $1.43).
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