Announcement PDF TALISMAN MINING LIMITED ACN 079 536 495 NOTICE OF GENERAL MEETING Notice is given that the Meeting will be held at: TIME: 10.30 am WST DATE: 11 April 2025 PLACE: Suite 1, Ground Floor, 33 Colin Street, West Perth The business of the Meeting affects your shareholding and your vote is important. This Notice should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting. The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the Meeting are those who are registered Shareholders at 5:00 pm on 9 April 2025. BUSINESS OF THE MEETING AGENDA 1. RESOLUTION 1 – APPROVAL TO ISSUE OPTIONS TO MR ANDREW MUNCKTON To consider and, if thought fit, to pass, the following resolution as an ordinary resolution: “That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue up to 1,293,300 Options to Mr Andrew Munckton (or their nominee(s)) on the terms and conditions set out in the Explanatory Statement.” 2. RESOLUTION 2 – APPROVAL TO ISSUE OPTIONS TO MR KERRY HARMANIS To consider and, if thought fit, to pass, the following resolution as an ordinary resolution: “That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue up to 339,700 Options to Mr Kerry Harmanis (or their nominee(s)) on the terms and conditions set out in the Explanatory Statement.” 3. RESOLUTION 3 – APPROVAL TO ISSUE OPTIONS TO MR PETER BENJAMIN To consider and, if thought fit, to pass, the following resolution as an ordinary resolution: “That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue up to 212,300 Options to Mr Peter Benjamin (or their nominee(s)) on the terms and conditions set out in the Explanatory Statement.” 4. RESOLUTION 4 – APPROVAL TO ISSUE OPTIONS TO MR BRIAN DAWES To consider and, if thought fit, to pass, the following resolution as an ordinary resolution: “That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue up to 212,300 Options to Mr Brian Dawes (or their nominee(s)) on the terms and conditions set out in the Explanatory Statement.” 5. RESOLUTION 5 – APPROVAL TO ISSUE OPTIONS TO MR JEREMY KIRKWOOD To consider and, if thought fit, to pass, the following resolution as an ordinary resolution: “That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue up to 212,300 Options to Mr Jeremy Kirkwood (or their nominee(s)) on the terms and conditions set out in the Explanatory Statement.” 6. RESOLUTION 6 – REPLACEMENT OF CONSTITUTION To consider and, if thought fit, to pass the following resolution as a special resolution: “That, for the purposes of section 136(2) and section 648G of the Corporations Act and for all other purposes, approval is given for the Company to repeal its existing Constitution and adopt a new constitution in its place in the form as signed by the chairman of the Meeting for identification purposes.” 1 7. RESOLUTION 7 – APPROVAL TO ISSUE FURTHER SECURITIES UNDER THE EMPLOYEE INCENTIVE SECURITIES PLAN To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 7.2 (Exception 13(b)) and for all other purposes, approval is given for the Company to issue up to maximum of 20,000,000 further Securities under the employee incentive scheme titled Employee Incentive Securities Plan that was initially adopted by Shareholders on 22 November 2023, on the terms and conditions set out in the Explanatory Statement.” Dated: 7 March 2025 2 Voting Prohibition Statements Resolution 1 – Approval to Issue Options to Mr Andrew Munckton Resolution 2 – Approval to Issue Options to Mr Kerry Harmanis Resolution 3 – Approval to Issue Options to Mr Peter Benjamin In accordance with section 224 of the Corporations Act, a vote on this Resolution must not be cast (in any capacity) by or on behalf of a related party of the Company to whom the Resolution would permit a financial benefit to be given, or an associate of such a related party (Resolution 1 Excluded Party). However, the above prohibition does not apply if the vote is cast by a person as proxy appointed by writing that specifies how the proxy is to vote on the Resolution and it is not cast on behalf of a Resolution 1 Excluded Party. In accordance with section 250BD of the Corporations Act, a person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. Provided the Chair is not a Resolution 1 Excluded Party, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel. In accordance with section 224 of the Corporations Act, a vote on this Resolution must not be cast (in any capacity) by or on behalf of a related party of the Company to whom the Resolution would permit a financial benefit to be given, or an associate of such a related party (Resolution 2 Excluded Party). However, the above prohibition does not apply if the vote is cast by a person as proxy appointed by writing that specifies how the proxy is to vote on the Resolution and it is not cast on behalf of a Resolution 2 Excluded Party. In accordance with section 250BD of the Corporations Act, a person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. Provided the Chair is not a Resolution 2 Excluded Party, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel. In accordance with section 224 of the Corporations Act, a vote on this Resolution must not be cast (in any capacity) by or on behalf of a related party of the Company to whom the Resolution would permit a financial benefit to be given, or an associate of such a related party (Resolution 3 Excluded Party). However, the above prohibition does not apply if the vote is cast by a person as proxy appointed by writing that specifies how the proxy is to vote on the Resolution and it is not cast on behalf of a Resolution 3 Excluded Party. In accordance with section 250BD of the Corporations Act, a person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. Provided the Chair is not a Resolution 3 Excluded Party, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel. 3 Resolution 4 – Approval to Issue Options to Mr Brian Dawes Resolution 5 – Approval to Issue Options to Mr Jeremy Kirkwood Resolution 7 – Approval to Issue Further Securities Under the Employee Incentive Securities Plan In accordance with section 224 of the Corporations Act, a vote on this Resolution must not be cast (in any capacity) by or on behalf of a related party of the Company to whom the Resolution would permit a financial benefit to be given, or an associate of such a related party (Resolution 4 Excluded Party). However, the above prohibition does not apply if the vote is cast by a person as proxy appointed by writing that specifies how the proxy is to vote on the Resolution and it is not cast on behalf of a Resolution 4 Excluded Party. In accordance with section 250BD of the Corporations Act, a person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. Provided the Chair is not a Resolution 4 Excluded Party, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel. In accordance with section 224 of the Corporations Act, a vote on this Resolution must not be cast (in any capacity) by or on behalf of a related party of the Company to whom the Resolution would permit a financial benefit to be given, or an associate of such a related party (Resolution 5 Excluded Party). However, the above prohibition does not apply if the vote is cast by a person as proxy appointed by writing that specifies how the proxy is to vote on the Resolution and it is not cast on behalf of a Resolution 5 Excluded Party. In accordance with section 250BD of the Corporations Act, a person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. Provided the Chair is not a Resolution 5 Excluded Party, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel. A person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. However, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel. Voting Exclusion Statements In accordance with Listing Rule 14.11, the Company will disregard any votes cast in favour of the Resolution set out below by or on behalf of the following persons: 4 Resolution 1 – Approval to Issue Options to Mr Andrew Munckton Resolution 2 – Approval to Issue Options to Mr Kerry Harmanis Resolution 3 – Approval to Issue Options to Mr Peter Benjamin Resolution 4 – Approval to Issue Options to Mr Brian Dawes Resolution 5 – Approval to Issue Options to Mr Jeremy Kirkwood Resolution 7 – Approval to Issue Further Securities Under the Employee Incentive Securities Plan Andrew Munckton (or their nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the securities (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person or those persons. Mr Kerry Harmanis (or their nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the securities (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person or those persons. Mr Peter Benjamin (or their nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the securities (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person or those persons. Mr Brian Dawes (or their nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the securities (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person or those persons. Mr Jeremy Kirkwood (or their nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the securities (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person or those persons. A person who is eligible to participate in the employee incentive scheme or an associate of that person or those persons. However, this does not apply to a vote cast in favour of the Resolution by: (a) a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with the directions given to the proxy or attorney to vote on the Resolution in that way; or (b) the Chair as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or (c) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: (i) the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and (ii) the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Voting by proxy To vote by proxy, please complete and sign the enclosed Proxy Form and return by the time and in accordance with the instructions set out on the Proxy Form. In accordance with section 249L of the Corporations Act, Shareholders are advised that: • each Shareholder has a right to appoint a proxy; • the proxy need not be a Shareholder of the Company; and • a Shareholder who is entitled to cast two or more votes may appoint two proxies and may specify the proportion or number of votes each proxy is appointed to exercise. If the Shareholder appoints two proxies and the appointment does not specify the proportion or number of the member’s votes, then in accordance with section 249X(3) of the Corporations Act, each proxy may exercise one-half of the votes. Shareholders and their proxies should be aware that: • if proxy holders vote, they must cast all directed proxies as directed; and • any directed proxies which are not voted will automatically default to the Chair, who must vote the proxies as directed. Voting in person To vote in person, attend the Meeting at the time, date and place set out above. 5 Should you wish to discuss the matters in this Notice please do not hesitate to contact the Company Secretary on +61 8 9380 4230. 6 EXPLANATORY STATEMENT This Explanatory Statement has been prepared to provide information which the Directors believe to be material to Shareholders in deciding whether or not to pass the Resolutions. 1. RESOLUTIONS 1 TO 5 – APPROVAL TO ISSUE OPTIONS TO THE DIRECTORS 1.1 General As announced on 9 December 2024, the Company proposes to, subject to Shareholder approval, issue: (a) 1,293,300 Options to Mr Andrew Munckton (or their nominee(s)) (being the subject of Resolution 1); (b) 339,700 Options to Ms Kerry Harmanis (or their nominee(s)) (being the subject of Resolution 2); (c) 212,300 Options to Mr Peter Benjamin (or their nominee(s)) (being the subject of Resolution 3); (d) 212,300 Options to Mr Brian Dawes (or their nominee(s)) (being the subject of Resolution 4); and (e) 212,300 Options to Mr Jeremy Kirkwood (or their nominee(s)) (being the subject of Resolution 5). These Resolutions seek Shareholder approval for the purposes of Chapter 2E of the Corporations Act and Listing Rule 10.11 for the issue of an aggregate 2,269,900 Options to Mr Andrew Munckton, Mr Kerry Harmanis, Mr Peter Benjamin, Mr Brian Dawes and Mr Jeremy Kirkwood (or their nominee(s)) on the terms and conditions in Schedule 1. The Options, if issued, will become exercisable 3 years from the date of issue at an exercise price of $0.339, and an expiry date 4 years from the date of issue. 1.2 Director Recommendation Each Director has a material personal interest in the outcome of these Resolutions on the basis that all of the Directors (or their nominee(s)) are to be issued Securities should these Resolutions be passed. For this reason, the Directors do not believe that it is appropriate to make a recommendation on these Resolutions. 1.3 Chapter 2E of the Corporations Act Chapter 2E of the Corporations Act requires that for a public company, or an entity that the public company controls, to give a financial benefit to a related party of the public company, the public company or entity must: (a) obtain the approval of the public company’s members in the manner set out in sections 217 to 227 of the Corporations Act; and (b) give the benefit within 15 months following such approval, unless the giving of the financial benefit falls within an exception set out in sections 210 to 216 of the Corporations Act. The issue constitutes giving a financial benefit and each of the proposed recipients is a related party of the Company by virtue of being a Director. As Securities are proposed to be issued to all of the Directors, the Directors are unable to form a quorum to consider whether one of the exceptions set out in sections 210 to 216 of the Corporations Act applies to the issue. Accordingly, Shareholder approval for the issue is sought in accordance with Chapter 2E of the Corporations Act. 7 1.4 Listing Rule 10.11 Listing Rule 10.11 provides that unless one of the exceptions in Listing Rule 10.12 applies, a listed company must not issue or agree to issue equity securities to: 10.11.1 a related party; 10.11.2 a person who is, or was at any time in the 6 months before the issue or agreement, a substantial (30%+) holder in the company; 10.11.3 a person who is, or was at any time in the 6 months before the issue or agreement, a substantial (10%+) holder in the company and who has nominated a director to the board of the company pursuant to a relevant agreement which gives them a right or expectation to do so; 10.11.4 an associate of a person referred to in Listing Rules 10.11.1 to 10.11.3; or 10.11.5 a person whose relationship with the company or a person referred to in Listing Rules 10.11.1 to 10.11.4 is such that, in ASX’s opinion, the issue or agreement should be approved by its shareholders, unless it obtains the approval of its shareholders. The issue falls within Listing Rule 10.11.1 and does not fall within any of the exceptions in Listing Rule 10.12. It therefore requires the approval of Shareholders under Listing Rule 10.11. 1.5 Technical information required by Listing Rule 14.1A If these Resolutions are passed, the Company will be able to proceed with the issue within one month after the date of the Meeting (or such later date as permitted by any ASX waiver or modification of the Listing Rules). As approval pursuant to Listing Rule 7.1 is not required for the issue (because approval is being obtained under Listing Rule 10.11), the issue will not use up any of the Company’s 15% annual placement capacity. If these Resolutions are not passed, the Company will not be able to proceed with the issue. The Company may need to investigate alternative ways to incentivise and reward Directors for their services to ensure that the Company can retain appropriately qualified personnel to advance the Company’s goals and projects. 1.6 Technical Information required by Listing Rule 10.13 and section 219 of the Corporations Act REQUIRED INFORMATION DETAILS Name of the persons to whom Securities will be issued The proposed recipients of the Securities are: Categorisation under Listing Rule 10.11 (a) 1,293,300 Options to Mr Munckton (or their nominee(s)); (b) 339,700 Options to Mr Harmanis (or their nominee(s)); (c) 212,300 Options to Mr Benjamin (or their nominee(s)); (d) 212,300 Options to Mr Dawes (or their nominee(s)); and (e) 212,300 Options to Mr Kirkwood (or their nominee(s)). Each of the proposed recipients falls within the category set out in Listing Rule 10.11.1 as they are a related party of the Company by virtue of being a Director. Any nominee(s) of the proposed recipients who receive Securities may constitute ‘associates’ for the purposes of Listing Rule 10.11.4. 8 REQUIRED INFORMATION DETAILS Number of Securities and class to be issued The maximum number of Options to be issued (being the nature of the financial benefit proposed to be given) is 2,269,900 in aggregate, which will be allocated are set out above in this table and in Section 1.1. Terms of Securities The Options will be issued on the terms and conditions set out in Schedule 1. Date(s) on or by which the Securities will be issued The Company expects to issue the Securities within 5 Business Days of the Meeting. In any event, the Company will not issue any Securities later than one month after the date of the Meeting (or such later date to the extent permitted by any ASX waiver or modification of the Listing Rules). Price or other consideration the Company will receive for the Securities The Securities will be issued at a nil issue price. Purpose of the issue, including the intended use of any funds raised by the issue The purpose of the issue is to provide a performance linked incentive component in the remuneration package for the proposed recipients to align the interests of the proposed recipients with those of Shareholders, to motivate and reward the performance of the proposed recipients in their roles as Directors and to provide a cost effective way from the Company to remunerate the proposed recipients, which will allow the Company to spend a greater proportion of its cash reserves on its operations than it would if alternative cash forms of remuneration were given to the proposed recipients. Consideration of type of Security to be issued The Company has agreed to issue the Options for the following reasons: Consideration of quantum of Securities to be issued (a) the issue of the Options has no immediate dilutionary impact on Shareholders; (b) the deferred taxation benefit which is available to the proposed recipients in respect of an issue of Options is also beneficial to the Company as it means the proposed recipients are not required to immediately sell the Options to fund a tax liability (as would be the case in an issue of Shares where the tax liability arises upon issue of the Shares) and will instead, continue to hold an interest in the Company; (c) the issue is a reasonable and appropriate method to provide cost effective remuneration as the non-cash form of this benefit will allow the Company to spend a greater proportion of its cash reserves on its operations than it would if alternative cash forms of remuneration were given to the Directors; and (d) it is not considered that there are any significant opportunity costs to the Company or benefits foregone by the Company in issuing the Options on the terms proposed. The number of Securities to be issued has been determined based upon a consideration of: (c) current market standards and/or practices of other ASX listed companies of a similar size and stage of development to the Company; 9 REQUIRED INFORMATION DETAILS (d) the remuneration of the proposed recipients; and (e) incentives to attract and retain the services of the proposed recipients who have appropriate knowledge and expertise, while maintaining the Company’s cash reserves. The Company does not consider that there are any significant opportunity costs to the Company or benefits foregone by the Company in issuing the Securities upon the terms proposed. Remuneration The total remuneration package for each of the proposed recipients for the previous financial year and the proposed total remuneration package for the current financial year are set out below: RELATED PARTY CURRENT FINANCIAL YEAR ENDING 30 JUNE 2025 PREVIOUS FINANCIAL YEAR ENDED 30 JUNE 2024 Mr Munckton $538,8861 $475,1696 Mr Harmanis $148,9352 $141,6527 Mr Benjamin $91,2203 $84,3148 Mr Dawes $91,2204 $84,5769 Mr Kirkwood $91,2205 $84,57610 Notes: 1. Comprising $315,964 in Directors’ fees/salary, $38,036 in superannuation payments and $183,886 in share-based payments (including an increase of $22,956, being the value of the Securities deemed to have accrued in the financial year). 2. Comprising $84,000 in Directors’ fees/salary, $10,080 in superannuation payments and $58,854 in share-based payments (including an increase of $6,030, being the value of the Securities deemed to have accrued in the financial year). 3. Comprising $58,800 in Directors’ fees and $32,420 in share-based payments (including an increase of $3,768, being the value of the Securities deemed to have accrued in the financial year). 4. Comprising $52,500 in Directors’ fees/salary, $6,300 in superannuation payments and $32,420 in share-based payments (including an increase of $3,768, being the value of the Securities deemed to have accrued in the financial year). 5. Comprising $52,500 in Directors’ fees/salary, $6,300 in superannuation payments and $32,420 in share-based payments (including an increase of $3,768, being the value of the Securities deemed to have accrued in the financial year). 6. Comprising $302,720 of Directors’ fees/salary, $50,611 in bonuses, $23,642 in superannuation payments and $98,196 in share-based payments. 7. Comprising $84,000 in Directors’ fees/salary, $9,240 in superannuation payments and $48,412 in share-based payments. 8. Comprising $58,013 in Directors’ fees/salary and $26,301 in share-based payments. 9. Comprising $37,875 in Directors’ fees/salary, $20,400 in superannuation payments and $26,301 in share-based payments. 10. Comprising $52,500 in Directors’ fees/salary, $5,775 in superannuation payments and $26,301 in share-based payments. Valuation The value of the Securities and the pricing methodology is set out in Schedule 2. Interest in The relevant interests of the proposed recipients in Securities as at 10 REQUIRED INFORMATION DETAILS Securities the date of this Notice and following completion of the issue are set out below: As at the date of this Notice Related Party Shares1 Options Performance Rights Undiluted Fully Diluted Mr Munckton Nil 2,868,5002 Nil 0% 1.41% Mr Harmanis 36,903,369 1,259,5003 Nil 19.60% 18.71% Mr Benjamin 434,724 822,4004 Nil 0.15% 0.54% Mr Dawes 569,334 822,4005 Nil 0.19% 0.58% Mr Kirkwood 419,000 822,4006 Nil 0.22% 0.61% 1 Fully paid ordinary shares in the capital of the Company (ASX: TLM). 2 Comprising 1,618,500 Options exercisable at $0.264 on or before 7 December 2027; and 1,250,000 Options exercisable at $0.25 on or before 31 October 2027. 3 Comprising 125,000 Options exercisable at $0.264 on or before 7 December 2027; 600,000 Options exercisable at $0.252 on or before 22 April 2026; and 534,500 Options exercisable at $0.201 on or before 15 December 2026. 4 Comprising 222,600 Options exercisable at $0.252 on or before 22 April 2026; 334,100 Options exercisable at $0.201 on or before 15 December 2026; and 265,700 Options exercisable at $0.264 on or before 7 December 2027. 5 Comprising 222,600 Options exercisable at $0.252 on or before 22 April 2026; 334,100 Options exercisable at $0.201 on or before 15 December 2026; and 265,700 Options exercisable at $0.264 on or before 7 December 2027. 6 Comprising 222,600 Options exercisable at $0.252 on or before 22 April 2026; 334,100 Options exercisable at $0.201 on or before 15 December 2026; and 265,700 Options exercisable at $0.264 on or before 7 December 2027. Post issue Related party Shares1 Options Performance rights Mr Munckton Nil 4,161,800 Nil Mr Harmanis 36,903,369 1,599,200 Nil Mr Benjamin 434,724 1,034,700 Nil Mr Dawes 569,334 1,034,700 Nil Mr Kirkwood 419,000 1,034,700 Nil Notes: 1 Fully paid ordinary shares in the capital of the Company (ASX: TLM). 2 Comprising 1,618,500 Options exercisable at $0.264 on or before 7 December 2027; and 1,250,000 Options exercisable at $0.25 on or before 31 October 2027.; and the proposed issue of 1,293,300 Options exercisable at $0.339 on or before 4 years from the date of issue. Comprising 125,000 Options exercisable at $0.264 on or before 7 December 2027; 600,000 Options exercisable at $0.252 on or before 22 April 2026; 534,500 Options exercisable at $0.201 on or before 15 December 2026; and the proposed issue of 339,700 Options exercisable at $0.339 on or before 4 years from the date of issue. 3 Comprising 222,600 Options exercisable at $0.252 on or before 22 April 11 REQUIRED INFORMATION DETAILS 2026; 334,100 Options exercisable at $0.201 on or before 15 December 2026; 265,700 Options exercisable at $0.264 on or before 7 December 2027; and the proposed issue of 212,300 Options exercisable at $0.339 on or before 4 years from the date of issue. 4 Comprising 222,600 Opti