ANNUAL REPORT June 2026 Notes to the Consolidated Financial Statements The following weighted-average assumptions were used in determining the grant-date fair value of equitysettled share options granted during the year: Share options 30 June 2026 Share options 30 June 2025 Value of underlying stock (weighted average) 0.2848 0.0550 Exercise price (weighted average) 0.1549 0.0700 Expected volatility (weighted average) 85.032% 67.227% Term (weighted average) 2.98 3.00 Option price (weighted average fair value) 0.1987 0.0223 Expected dividend yield (weighted average fair value) - - Risk Free interest rate (based on government bonds (weighted average fair value) 4.606% 3.910% (b) Equity-settled performance rights The Group operates an equity-settled performance right scheme under which participants may be granted performance rights for no consideration. Each vested performance right entitles the holder to receive one ordinary share in the Company, subject to the satisfaction of specified service and/or performance conditions. Performance conditions may include market-based or non-market-based measures determined by the Board. Performance rights do not carry voting or dividend rights prior to vesting and settlement. The following table details the number and movements in performance rights issued as employment incentives to Key Management Personnel during the year. Performance rights are granted for nil consideration. The performance rights granted during the year had a weighted average grant date fair value of A$0.1952 per right (2025: nil), determined using a combination of Monte Carlo simulation (market conditions) and grant-date share price (non-market conditions) as set out in the Remuneration Report. 2026 Number 2026 Fair Value 2025 Number 2025 Fair Value Outstanding at the beginning of the year - - - Granted 11,400,000 2,225,052 - - Lapsed/cancelled (5,130,000) (151,763) - - Exercised - - - Expired - - - Outstanding at year end 6,270,000 2,073,289 - - Exercisable at year end 2,090,000 691,097 - - 98 EQ Resources Limited Annual Report 2026 Notes to the Consolidated Financial Statements continued
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