95 Westgold Resources Limited Annual Report 2024 28. SHARE-BASED PAYMENTS (CONTINUED) (d) Performance rights (continued) Summary of rights granted under the Employee Share and Option Plan 2024 Number 2024 WAEP 2023 Number 2023 WAEP Outstanding at the beginning of the year 4,438,946 – 2,459,072 – Granted during the year 6,206,935 – 3,159,585 – Exercised during the year – – (126,564) – Lapsed/forfeited during the year (775,579) – (1,053,147) – Outstanding at the year end 9,870,302 – 4,438,946 – Exercisable at the year end – – – – The following table represents the outstanding balance as at 30 June 2024: Grant Date Vesting date Expiry date Exercise price Number of Options / Rights at beginning of the year Options lapsed / forfeited Options / Rights Issued / (exercised) Number of Options / Rights at end of the year On issue Vested 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 $0.00 958,623 – – 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 2,182,314 (65,238) – 2,502,309 – Rights - Tranche 7 09/10/2023 30/06/2026 01/10/2026 $0.00 – – 760,541 760,541 09/10/2023 30/06/2026 01/10/2026 $0.00 – – 5,446,394 5,446,394 Total 3,728,605 (65,238) 6,206,935 9,870,302 – 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 2024 is 1.69 years (2023: 1.69 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 (2023: $0.00). Weighted average fair value of share-based payments The weighted average fair value of share-based payments granted during the year was $1.43 (2023: $0.62).
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