Announcement PDF Albright Metals Limited | 2026 Annual Report 1 CONTENTS Contents Corporate Directory........................................................................................................................................... 2 Letter from the Chair......................................................................................................................................... 3 Directors’ Report ............................................................................................................................................... 4 Review of Operations ........................................................................................................................................ 4 Golden Pike Gold and Antimony Project................................................................................................... 4 Bryah Basin Manganese Joint Venture (BBMJV) ....................................................................................... 9 Gabanintha – Base Metals....................................................................................................................... 10 Lake Johnston Lithium Nickel Project...................................................................................................... 10 Corporate......................................................................................................................................................... 10 Consolidated Statement of Profit or Loss and Other Comprehensive Income............................................... 22 Consolidated Statement of Financial Position................................................................................................. 23 Consolidated Statement of Changes in Equity................................................................................................ 24 Consolidated Statement of Cash Flows........................................................................................................... 25 Notes to the Consolidated Financial Statements............................................................................................ 26 Annual Mineral Resource Statement .............................................................................................................. 56 Additional ASX Information............................................................................................................................. 60 Albright Metals Limited | Corporate Directory 2 Corporate Directory Directors Ian Stuart Non-Executive Chair Leslie Ingraham Non-Executive Director Ashley Jones Non-Executive Director Chief Executive Officer Greg Hill Company Secretary Neville Bassett Registered Office & Principal Place of Business 191B Carr Place Leederville Western Australia 6007 Telephone: 08 9321 0001 Share Registry Automic Pty Ltd Level 5, 191 St Georges Terrace, Perth Western Australia 6000 Telephone: 1300 288 664 Auditors Elderton Audit Pty Ltd Level 28, 140 St Georges Terrace, Perth Western Australia 6000 Australian Securities Exchange Level 40, Central Park 152-158 St Georges Terrace Perth, Western Australia 6000 ASX Codes Ordinary Shares: ABR Listed Options: ABRO Website albrightmetals.com Corporate Governance Statement albrightmetals.com/corporate-governance Albright Metals Limited | Letter from the Chair 3 Letter from the Chair Dear fellow shareholders, On behalf of your Board of Directors, I have pleasure in presenting the Annual Report and Financial Statements of Albright Metals Limited (“Albright Metals” or “the Company”) for the year to 30 June 2026. Albright Metals has made significant progress during the year, with drilling improving our understanding of the Vail Road Gold Deposit and further gold and antimony prospects at our flagship Golden Pike Project in Canada. The project presents an opportunity for near term commercial gold development, while also providing significant gold and antimony exploration upside. Subsequent to the reporting period, this work culminated in an updated Global Mineral Resource for the Vail Road Gold Deposit of 188 kt at 9 g/t Au for 54,200 contained ozs at 2.0 g/t Au cut-off grade, including an initial Indicated Category portion of 33.5 kt at 20.9 g/t Au for 22,500 contained ozs.1 Importantly, the inclusion of a significant percentage in the higher resource category of Indicated resources provides a basis for technical and economic studies on the project and potential pathways to production. Monetising this asset, in addition to undertaking further exploration work for additional gold deposits and antimony exploration opportunities will be our main focus. In the Bryah Basin, work continued on advancing the manganese potential Albright Metals has with Joint Venture partner OM (Manganese) Limited. The JV is currently split 40% ABR and 60% OMM. The JV applies to approximately 295km² of the Company’s Bryah Basin Project in central Western Australia, including the historic Horseshoe South Manganese Mine. In August 2023 Albright Metals announced a Mineral Resource of 3.07Mt at 20.2% Mn.2 The Board thanks management, our employees and consultants for their achievements this year and the ongoing support of our shareholders. We look forward to a very active year on our projects for the remainder of 2026 and into 2027. Yours sincerely, Ian Stuart Non-Executive Chair 1 ASX announcement 29 September 2026 ‘Mineral Resource for Vail Road Gold Deposit’ 2 ASX announcement 24 August 2023 ‘Bryah Basin Manganese Mineral Resource Increases to 3.07 Million Tonnes at 20.2% Mn’ Albright Metals Limited | Directors’ Report 4 Directors’ Report The directors present their report, together with the financial statements of Albright Metals Limited (the Company or Albright Metals), for the year ended 30 June 2026 and the auditor’s report thereon. Review of Operations Golden Pike Gold and Antimony Project The Golden Pike Gold and Antimony Project is located in New Brunswick, Canada (see Figure 1). The Golden Pike Project comprises the Vail Road Gold Deposit and several antimony and gold prospects, including the Bond Road Antimony Prospect and the Albright Brook Antimony Prospect. The project holds a historical, Inferred Foreign Mineral Resource Estimate of 214,800t @ 9.6 g/t Au, containing 66,300 oz gold at the Vail Road Deposit. Access to infrastructure and proximity to the USA and Europe enables the potential to ship ore to a processing facility for toll treatment. In April 2025, the Company signed a binding option term sheet with Globex Mining Enterprises Inc. (GMX- TSX, GLBXF-OTCQX, G1MN-FSE) for the acquisition of the Golden Pike Project.3 Following a comprehensive due diligence process, the Company exercised its option to acquire the project.4 Transfer of the Mineral Claim to Albright Metals will occur after payment of all the considerations and completion of agreed minimum exploration and development expenditure. The Company has completed the second stage milestone for the project.5 The Golden Pike Gold Project has an NI 43-101 Foreign Resource Estimate located at the Vail Road Gold Deposit (table below)6 modelled from a high cut-off grade of 5 g/t Au: Classification Zone Tonnes (‘000) Au (g/t) Oz (‘000) Inferred Main Zone 78.2 11.47 28.8 Inferred Parallel Zone 136.6 8.54 37.5 Inferred Total 214.8 9.60 66.3 Cautionary Statement: The estimates of the quantity and grade of mineralisation for the Golden Pike Project referred to in this announcement are “foreign estimates” within the meaning of the ASX listing rules and are not reported in accordance with the JORC Code 2012. A competent person has not undertaken sufficient work to classify the foreign estimates as mineral resources in accordance with the JORC Code 2012. It is uncertain that following evaluation and further exploration work that the foreign estimates will be able to be reported as mineral resources in accordance with the JORC Code. 3 ASX announcement 21 May 2025 ‘Acquisition of Advanced High-Grade Gold Project’ 4 ASX announcement 11 July 2025 ‘Option Exercised to Acquire High-Grade Canadian Gold Project’ and 22 July 2025 ‘Contract Signed for Golden Pike Project’ 5 ASX announcement 30 June 2026 ‘Golden Pike Option Milestone Achieved’ 6 Notes from 2011 NI 43-101 Technical Report, Roscoe Postle Associates Inc., 19 August 2011: 1. Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definitions have been followed for classification of Mineral Resources. 2. The Qualified Person for this Mineral Resource estimate is Tudorel Ciuculescu, P.Geo. 3. Mineral Resources are estimated at a cut-off grade of 5 g/t Au and a minimum thickness of two metres. 4. Mineral Resources are estimated using an average long-term price of US$1,200 per oz Au, and a C$:US$ exchange rate of 1:1. 5. The Mineral Resource estimate uses drill hole data available as of May 26, 2011. 6. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. 7. Totals may not add correctly due to rounding. Albright Metals Limited | Directors’ Report 5 A total of 1,020.5 metres of HQ diamond core drilling was undertaken at the Vail Road Gold Deposit during the financial year.7 The best down hole intercepts from the drilling were: • VR-25-70 – 0.5m at 25.9 g/t Au from 100.20m • VR-25-71 – 1.0m at 17.42 g/t Au from 61.20m, including: 0.5m at 33.6 g/t Au from 61.70m • VR-25-72 – 0.6m at 11.30 g/t Au from 66.3m • VR-25-75 – 5.0m at 3.90 g/t Au from 56.0m, including: 1.0m at 17.20 g/t Au from 57.0m • VR-25-76 – 6.27m at 33.74 g/t Au from 54.43m, including: 2.57m at 70.66 g/t Au from 57.26m • VR-25-77 – 2.33m at 24.81 g/t Au from 51.92m, including: 1.0m at 57.50 g/t Au from 53.25m • VR-25-80 – 3.40m at 1.70 g/t Au from 4.7m, including: 1.2m at 3.13 g/t Au from 6.1m • VR-25-82 – 2.03m at 3.35 g/t Au from 23.02m, including: 0.8m at 8.13 g/t Au from 24.25m 7 ASX announcement 28 January 2026 ‘High-Grade Gold Results for Golden Pike Project’ and 11 March 2026 ‘Vail Road High-Grade Gold Results at Golden Pike Project’ Figure 1 - Golden Pike Project Location in New Brunswick, Canada Albright Metals Limited | Directors’ Report 6 Figure 2 - Collar Plan for Vail Road Gold Deposit Drilling with Received Intercepts The Vail Road Gold Deposit is sub-vertical, with high grade vein style mineralisation commencing near surface. Albright Metals’ mine development concept is for an underground mine using a decline and narrow- vein mining techniques. Work is being undertaken to produce a revised Mineral Resource to be reported under the JORC-2012 reporting standard. Albright Metals Limited | Directors’ Report 7 Figure 3 - Cross Section B - B' - VR-25-77 Significant Intercept Albright Metals signed a Letter of Intent with Canadian technology company Novamera Inc., to investigate using Surgical Mining™ for the Vail Road Gold Deposit.8 Surgical Mining™ requires very low starting capital and is particularly suited to high-grade, narrow vein, sub-vertical orebodies like the Vail Road Gold Deposit. Surgical Mining™ describes a new targeted approach to extracting valuable minerals from a deposit, while minimising waste and environmental impact, whilst supporting a faster permitting path to production. The concept draws an analogy to surgery, where targeted techniques achieve specific outcomes, with minimal collateral damage. The value of Surgical Mining™ is being compared to conventional mining methods. Environmental studies and permitting for the site have commenced, with the appointment of SLR Consulting in Canada.9 Phase 1 of the environmental work included a field reconnaissance survey of the area around the Vail Road Gold Deposit, environmental DNA surveys and a desktop review with preliminary site characterisation. This work is informing planning for subsequent phases of environmental studies. 8 ASX announcement 12 November 2025 ‘Letter of Intent Signed for Precision Mining Technology’ 9 ASX announcement 26 August 2025 ‘Golden Pike Gold and Antimony Project Update’ Albright Metals Limited | Directors’ Report 8 Exploration activities at Albright Metals’ Golden Pike Project focused on the Bond Road and Albright Brook antimony and gold prospects. Rock chip samples collected from boulders at Bond Road Prospect yielded antimony values of:10 • BBD02506 – 27.6% Sb and 1.61 g/t Au • BBD02507 – 57.0% Sb Exploration drilling was undertaken at the Albright Brook Prospect where the best down hole width gold intercepts were:11 • AB-26-01 – 37.05m at 1.12 g/t Au from 60.95m, including: 2.35m at 4.76 g/t Au from 77.10m and including: 0.70m at 28.80 g/t Au from 85.55m • AB-26-02 – 13.20m at 1.14 g/t Au from 62.30m, including: 1.55m at 2.19 g/t Au from 63.70m and including: 1.30m at 3.70 g/t Au from 69.60m • AB-26-02 – 1.88m at 2.28 g/t Au from 100.62m, including: 1.38m at 3.01 g/t Au from 101.12m • AB-26-02 – 8.25m at 0.68 g/t Au from 151.82m, including: 1.10m at 1.36 g/t Au from 152.20m and including: 1.74m at 1.13 g/t Au from 154.94m Drilling at the Albright Brook Prospect also encountered significant antimony mineralisation, including high- grade antimony intersected in hole AB-26-02, internal to a larger gold interval (noted above), with a downhole intercept of: • AB-26-02 – 2.46m at 0.50% Sb and 1.72 g/t Au from 62.3m, including: 0.36m at 3.23% Sb and 2.81 g/t Au from 64.4m Figure 4 - Cross Section - Albright Brook Prospect 10 ASX announcement 7 October 2025 ‘Highest Grade Antimony Rock Chip Samples Retrieved to Date’ 11 ASX announcement 25 June 2026 ‘Gold and Antimony Mineralisation Confirmed and Extended’ Albright Metals Limited | Directors’ Report 9 Exploration drilling was also undertaken at the Bond Road antimony prospect. Drilling intersected zones of elevated gold, base metals and antimony. Data acquired from exploration drilling programs are being assessed to develop plans for follow up exploration activities. A follow up drill program targeting discovery of high-grade antimony mineralisation at Bond Road Prospect and extensional drilling of the gold and antimony system at Albright Brook Prospect is planned. Bryah Basin Manganese Joint Venture (BBMJV) In April 2019, Bryah executed a Manganese Farm-In and Joint Venture Agreement with OMM, a wholly owned subsidiary of ASX-listed OM Holdings Limited (ASX: OMH). The Bryah Basin Manganese Project area is located approximately 100km north of the town of Meekatharra in Western Australia. The BBMJV manganese mineral rights cover approximately 277km² over parts of the western Bryah Basin along the Horseshoe Range and includes the Horseshoe South Manganese Mine, which is the largest historical manganese mine in the region. Figure 5 shows the BBMJV tenement package, with prospects. The project has an existing manganese Mineral Resource of 3.06 MT at 20.1% Mn.2 Figure 5 - Manganese Prospects and Tenement Areas During the financial year the BBMJV undertook an internal study of logistics and beneficiation options and conducted other technical evaluation work in preparation for commencing project feasibility studies. Environmental studies have progressed with the completion of a flora survey.12 A heritage survey was carried 12 ASX announcement 29 May 2025 ‘Manganese Update – Flora Survey Underway’ Albright Metals Limited | Directors’ Report 10 out with Jidi Jidi Corporation. An evaluation of the manganese prospectivity of the tenements was undertaken to prioritise exploration activities. A twelve-month exploration plan is being developed that will target additional manganese resources. As the Bryah Basin manganese project progresses towards production, Albright Metals’ wholly owned subsidiary, West Coast Minerals Pty Ltd, purchased the Net Smelter Return mineral royalty over two Mining Leases and four Exploration Licences. Buying the royalty has rationalised and simplified the manganese asset, adding optionality to any potential transaction.13 Bryah Basin – Copper-Gold Tenements Albright Metals sold a package of Bryah Basin Copper-Gold tenements to Catalyst Metals Limited (ASX:CYL) for $1,000,000 in cash and $800,000 in CYL shares, being 105,387 CYL shares based on the VWAP for the five trading days preceding the execution of the agreement.14 The tenement sale was completed in March 2026.15 The transaction also included an option for Catalyst Metals to acquire the remainder of its Bryah Basin tenements which are subject to the Bryah Basin Manganese Joint Venture (BBMJV), excluding the manganese mineral rights, for an additional $2,200,000 in cash and/or CYL shares. Catalyst Metals exercised its option to acquire the remaining Bryah Basin tenements in May 2026.16 Completion of this sale will occur once relevant approvals and conditions are met. Gabanintha – Base Metals At 30 June 2026, Albright Metals held a suite of mineral rights, including copper, nickel and gold, over the Gabanintha project near Meekatharra,which has a Mineral Resource for Cu, Ni, Co reported under JORC 2012 and additional structural gold potential.17 Refer to ‘Events Subsequent to Reporting Date’ section. Lake Johnston Lithium Nickel Project The Lake Johnston Project consists of exploration license E63/2159 and is prospective for lithium, nickel and gold. With the sustained improvement lithium and gold prices over the past year, the Company is reviewing prior work on the tenement to formulate a forward work program. Corporate The operating loss of the Group for the financial year after providing for income tax amounted to $4,890,691, (2025: loss of $1,601,201). The Group’s net assets as at 30 June 2026 were $9,948,320 (2025: $11,253,008). At 30 June 2026, the Group had cash reserves of $492,469 (2025: $598,883). The slight decrease in cash is the result of payments for ongoing exploration programs and general overheads in line with previous years. 13 ASX announcement 3 July 2025 ‘Mineral Royalty Purchased by Subsidiary of Bryah Resources’ 14 ASX announcement 18 February 2026 ‘Catalyst Metals to Purchase Bryah Basin Tenements’ 15 ASX announcement 6 March 2026 ‘Sale of Bryah Basin Tenements to Catalyst Metals Completed’ 16 ASX announcement 1 June 2026 ‘Catalyst Metals Exercises Option for Bryah Basin Tenements’ 17 See ASX announcement 25 May 2022 ’36 Million Tonne Nickel-Copper-Cobalt Mineral Resource at Gabanintha’ Albright Metals Limited | Directors’ Report 11 As at 30 June 2026, the Company had 1,553,788,997 ordinary shares on issue. 523,417,433 listed options (ASX:ABRO) exercisable at $0.006 expiring 6 January 2029 and 22,611,111 unlisted options exercisable at $0.012 expiring 2 July 2027. On 29 May 2025 Albright Metals received a request for Directors to call a General Meeting pursuant to Section 249D of the Corporations Act 2001 (Cth).18 A Notice of Meeting was released to the ASX and sent to shareholders on 19 June 2025.19 The General Meeting was held on the 29 July 2025. Results of the meeting were released to the ASX 29 July 2025.20 Albright Metals submitted an application to the Takeovers Panel in relation to the meeting requisition and its affairs, with interim orders made by the Takeovers Panel released to the ASX 28 July 2025.21 The Takeovers Panel stated that it had declined to make a declaration of unacceptable circumstances.22 On 22 July 2025 the Company announced it had signed a formal contract on the exercise of the option with Globex Mining Enterprises Inc. to acquire 100% of the Golden Pike high-grade gold and antimony project in New Brunswick, Canada. 30,245,676 fully paid ordinary shares were issued on 22 July 2025 as part consideration. A further 68,123,333 fully paid ordinary shares were issued on 30 June 2026 in satisfaction of the second staged payment for the project.23 Experienced mining and engineering professional Greg Hill was appointed as Chief Executive Officer to advance development of the Golden Pike Gold and Antimony Project. Mr Hill is a seasoned engineering and project delivery executive with over 30 years of experience in the resources sector, including mineral processing, feasibility studies and large-scale project execution across a diverse range of commodities.24 Following shareholder approval at the Company’s Annual General Meeting in November, the Company changed its registered name from Bryah Resources Limited to Albright Metals Limited, with its Australian Securities Exchange code changing from BYH to ABR.25 A new investor focused website was also launched.26 The Company completed a placement and issued 28,333,333 shares at $0.006 per share on 22 July 2025.27 A placement to raise $1,988,529 (before costs), was undertaken at $0.00435 per share on 22 October 2025, with 457,133,133 shares issued.28 Albright Metals received notification from Star Minerals Limited (ASX:SMS) that mining had commenced at its Tumblegum South Gold Project, satisfying the performance right milestone for 4,000,000 ordinary SMS shares to be issued to the Company.29 At 30 June 2026, Albright Metals held 11,000,000 ordinary SMS shares. At 30 June 2026, Albright Metals held 55,387 ordinary shares in Catalyst Metals Limited (ASX:CYL). 18 ASX announcement 2 June 2025 ‘Section 249D Notice’ 19 ASX announcement 19 June 2025 ‘Notice of General Meeting/Proxy Form’ 20 ASX announcement 29 July 2025 ‘Results of General Meeting’ 21 ASX announcement 28 July 2025 ‘Bryah Resources Limited – Panel Makes Interim Orders’ 22 ASX announcement 15 September 2025 ‘Bryah Resources Limited – Panel Declines to Make Declaration’ 23 ASX announcement 30 June 2026 ‘Golden Pike Option Milestone’ 24 ASX announcement 1 July 2025 ‘Experienced Mining and Engineering Professional Appointed as CEO’ 25 ASX announcement 2 December 2025 ‘Change of Company Name and New Constitution’ 26 ASX announcement 3 December 2025 ‘Albright Metals launches new website and interactive investor centre’ 27 ASX announcement 22 July 2025 ‘Bryah to Raise $170,000 in Private Placement’ 28 ASX announcement 22 October 2025 ‘Bryah to Raise up to $1.98 Million’ 29 ASX announcement 18 May 2026 ‘Albright Metals Receives SMS Shares’ Albright Metals Limited | Directors’ Report 12 Significant Changes in the State of Affairs In the opinion of the directors there were no significant changes in the state of affairs of the Group that occurred during the financial year. Environmental Regulation The Group’s operations are subject to various environmental laws and regulations under government legislation. The exploration tenements held by the Company are subject to these regulations and there have not been any known breaches of any environmental regulations during the financial period and up until the date of this report. Dividends The directors have not recommended the declaration of a dividend. No dividends were paid or declared during the current or prior period. Events Subsequent to Reporting Date Subsequent to year end, Albright Metals entered into an agreement to terminate its Mineral Rights Deed with Australian Vanadium Limited (ASX:AVL). The Mineral Rights Deed covered base metals at the Gabanintha Project. Albright Metals received $500,000 cash and $1,250,000 in AVL shares for a total of $1,750,000 in proceeds from the transaction, in addition to a 0.75% Net Smelter Return royalty over the Star Minerals Ltd (ASX:SMS) Tumblegum South Gold Project.30 On 29 September 2026, Albright Metals announced a Global Mineral Resource reported under the JORC 2012 code for the Vail Road Gold Deposit of 188kt at 9 g/t Au for 54,200 ounces of gold. The Mineral Resource comprises an Indicated category of 33.5kt at 20.9 g/t Au for 22,500 contained ounces of gold and an Inferred category of 154.6kt at 6.4 g/t Au for 31,700 contained ounces of gold.1 Likely Developments and Expected Results Likely developments in the operations of the Group and the expected results of those operations in future financial periods have not been included in this report as the inclusion of such information is likely to result in unreasonable prejudice to the Group. Share Options At the date of this report, options were outstanding for the following unissued ordinary shares: • 22,611,111 free attaching options with an exercise price of $0.012 and an expiry date of 2 July 2027. These options were issued 2 July 2024 under a placement of new shares. • 457,133,133 free attaching options with an exercise price of $0.006 and an expiry date of 6 January 2029. These options were issued 7 January 2026 under a placement of new shares. • 66,284,300 options with an exercise price of $0.006 and an expiry date of 6 January 2029. These options were issued as part consideration for the provision of lead manager services in the October 25 placement of new shares. 30 ASX announcement 17 September 2026 ‘Gabanintha Mineral Rights Transaction’ Albright Metals Limited | Directors’ Report 13 No person entitled to exercise these options had, or has any right, by virtue of the option, to participate in any share issue of any other body corporate. Directors The directors of the Company at any time during or since the end of the financial year are: Ian Stuart Non-Executive Chair Leslie Ingraham Non-Executive Director Ashley Jones Non-Executive Director Information about the Directors The qualifications, experience, interest in shares and options, and other directorships of the directors in office at the date of this report and during the financial year are: Ian Stuart Non-Executive Chair Qualifications B.Sc. (Hons) F.FIN Experience and expertise Mr. Stuart is a geologist by profession with experience in both the finance and mining industries. He holds an Honours degree in Geology, and is a Fellow of the Financial Services Institute of Australasia. Ian has extensive experience in capital markets and is conversant with public company governance and management across international jurisdictions. Other current directorships Non-Executive Chair of Star Minerals Limited (ASX: SMS) Former directorships (last 3 years) None Interests in shares 7,000,000 ordinary shares Interests in options 11,333,332 listed options Leslie Ingraham Non-Executive Director Experience and expertise Mr. Ingraham has been in private business for over 30 years and is an experienced mineral prospector and professional investor. He has successfully worked as a consultant for both private companies and companies listed on the ASX. Core competencies include capital raising and shareholder liaison. Former directorships (last 3 years) Executive Director of Australian Vanadium Limited (ASX: AVL) Interests in shares: 14,603,455 ordinary shares Interests in options: Nil Ashley Jones Non-Executive Director Qualifications B.Sc. (Hons), MAppFin, MBA Albright Metals Limited | Directors’ Report 14 Experience and expertise Mr. Jones graduated from the University of Canterbury, New Zealand with a B.Sc. (Hons) in Geology, has a Master of Applied Finance from Kaplan University, Australia, and an MBA with Distinction from Imperial College London. He is a member of the Australian Institute of Mining and Metallurgy (AusIMM) and a member of the Financial Services Institute of Australasia (FINSIA). Mr. Jones is a geologist with over 25 years of a diverse range of exploration, mine geology and management experience in Australia and Africa. He has project development expertise in feasibility level projects with particular focus on resources and mine development. He was based in Africa for over 11 years exploring a range of commodities for ASX, AIM and TSX listed public companies. Other current directorships Managing Director of Star Minerals Limited (ASX: SMS) Interests in shares 6,202,627 ordinary shares Interests in options Nil Company Secretary Mr. Neville Bassett holds the position of Company Secretary. Mr. Bassett provides company secretarial, corporate advisory and general consulting services to a number of ASX listed Companies. Directors’ Meetings Formal meetings of the directors of the Company during the financial year are tabled as follows: Board of Directors Number eligible to attend Number attended Ian Stuart 6 6 Leslie Ingraham 6 6 Ashley Jones 6 6 The full Board fulfils the roles of remuneration, nomination and audit committees. Remuneration Report (Audited) The remuneration report details the key management personnel remuneration arrangements for the consolidated entity, in accordance with the requirements of the Corporations Act 2001 and its Regulations. Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including all Directors. The remuneration report is set out under the following main headings: ● Principles used to determine the nature and amount of remuneration ● Details of remuneration ● Service agreements ● Share-based compensation ● Additional disclosures relating to key management personnel Albright Metals Limited | Directors’ Report 15 Principles used to determine the nature and amount of remuneration. The objective of the consolidated entity’s executive reward framework is to ensure reward for performance is competitive and appropriate for the results delivered. The framework aligns executive reward with the achievement of strategic objectives and the creation of value for shareholders, and it is considered to conform to the market best practice for the delivery of reward. The Board of Directors ('the Board') ensures that executive reward satisfies the following key criteria for good reward governance practices: ● competitiveness and reasonableness ● acceptability to shareholders ● performance linkage / alignment of executive compensation ● transparency The Board is responsible for determining and reviewing remuneration arrangements for its directors and executives. The performance of the consolidated entity depends on the quality of its directors and executives. The remuneration philosophy is to attract, motivate and retain high performing and high-quality personnel. The Board has structured an executive remuneration framework th