Cygnus Metals Limited has issued 202,500 performance rights to employees under its Omnibus Equity Incentive Plan. The performance rights vest on the later of one year from the date of issue or upon successful completion of specific key performance objectives within three years. Each vested performance right can be exercised for one fully paid ordinary share and will expire on May 31, 2030, if not exercised earlier. The same terms apply to both employees and directors as approved at the company's annual general meeting on May 14, 2025.