Directors’ Report
57
Directors’ Report
Additional Statutory Disclosures 
Details of remuneration 
Details of the nature and amount of each major element of the remuneration of the Directors and the Group executive managers  
are set out in the following tables.
Year Ended 30 June 2013 Short-term benefits
Post- 
employment 
benefits
Share-based 
payment
Name
Cash salary  
and fees
$
Cash bonus
$
Non-monetary 
benefits1
$
Super-
annuation
$
Amortised value 
of rights2 
(Accounting 
Expense)
$
Total
$
Non-Executive Directors
Ross Smyth-Kirk 160,000 – 12,258 14,400 – 186,658
Peter McAleer 3 100,000 – – – – 100,000
Craig Carracher 90,500 – – 18,500 – 109,000
Peter Alexander 100,000 – – 9,000 – 109,000
Sub-total Non-Executive Directors Compensation 450,500 – 12,258 41,900 – 504,658
Executive Director
Gavin Thomas 1,055,000 – 68,587 25,000 410,974 1,559,561
Other Key Management Personnel
Duane Woodbury 475,000 – 6,157 26,398 136,367 643,922
Tim Benfield 483,524 – – 16,476 21,029 521,029
Ron James 400,000 – 2,478 – 109,093 511,571
Ross Coyle 365,000 – 13,189 25,000 106,366 509,555
Joel Forwood 305,000 – 11,928 25,000 38,132 380,060
Brett Dunstone 168,355 – 43,591 9,611 – 221,557
Phil MacIntyre 781,245 – 29,205 – – 810,450
Sub-total Executive Director and other Key 
Management Personnel Compensation 4,033,124 – 175,135 127,485  821,961 5,157,705
TOTAL 4,483,624 – 187,393 169,385 821,961 5,662,363
1	 	Non-monetary	benefits	relate	to	car	parking,	travel,	life	insurance,	relocation,	and	accommodation	allowance	provided	by	the	Company.	Relocation	and	accommodation	
allowance is applicable to interstate recruitment of relevant personnel.
2 	Amortised	value	of	rights	comprises	the	fair	value	of	performance	and	deferred	rights	expensed	during	the	year.	This	is	the	first	year	rights	were	issued.	This	is	an	accounting	
expense	and	does	not	reflect	the	value	to	the	executive	of	rights	that	vested	in	the	financial	year.	Refer	to	the	table	on	page	60	for	the	value	of	rights	that	have	vested.	
3	 Consulting	Fees	of	$100,000	were	paid	or	payable	to	Norwest	Mining	Consultants	Ltd,	of	which	Peter	McAleer	is	an	officer	and	director.
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