109 ANNUAL REPORT 2025 23. FINANCIAL LIABILITY – ROYALTY (CONTINUED) The following table reflects the movements in the liability: 2025 $000 2024 $000 As at 1 August Acquisition of subsidiary 40,366 – Settlements (8,305) – Net change in fair value 22,270 – As at 30 June 54,331 – Current Portion 10,009 – Non-Current Portion 44,322 – As at 30 June 2025, the following tables summarize the quantitative information about significant unobservable inputs used in Level 3 fair value measurements for the Participation Royalty: Inputs Estimates Range of Relationship on fair value Credit spread 3.01% A change in the discount rate of 1 % would impact the fair value by $1.5 million. Gold forward price (USD/oz) $3,338 A change in the gold forward price of 10% would impact the fair value by A$7.2 million. 24. ISSUED CAPITAL 2025 $000 2024 $000 (a) Ordinary Shares Issued and fully paid 1,704,951 462,597 Number $000 (b) Movements in ordinary shares on issue At 1 July 2023 473,622,730 462,997 Share issue costs, net of tax – (400) At 30 June 2024 473,622,730 462,597 Issued share capital (Note 35) 469,486,960 1,242,602 Share issue costs, net of tax – (248) At 30 June 2025 943,109,690 1,704,951 (c) Terms and conditions of contributed equity Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at shareholder meetings. In the event of winding up the Company the holders are entitled to participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on shares held. (d) Escrow restrictions There are no current escrow restrictions on the issued capital of the Company.
RkJQdWJsaXNoZXIy MjE2NDg3