St Barbara Mines Limited Annual Report 2004 Notes to the Financial Statements  for the year ended 30 June 2004 Speci fi  ed executives of St Barbara Mines Limited and group Primary Post - employment Equity Cash, salary  & fees Non  monetary  bene fi  ts Superannuation Retirement  bene fi  ts  Options  issued Total $ $ $ $ $ $ Company R T Calnan Gen Mgr - Project &  Business Development 169,000 11,446 62,600 - - 243,046 P J Richardson Manager - Meekatharra  Gold Operations 150,000 10,789 15,000 - - 175,789 G C Miller Group Manager -  Exploration 145,000 3,320 21,750 - - 170,070 C W Davis Manager - Paulsens  Project 142,622 9,048 21,393 - - 173,063 E L Boyd  (i) Manager - Corporate  & Commercial,  Company Secretary 120,698 214 9,511 - - 130,423 A D Rule  (ii) Chief Financial Of fi  cer,  Coy Secretary 87,796 3320 11,875 71,250 - 174,241 Consolidated B Lambert  (iii) General Manager  - NuStar Mining  Corporation Limited 88,375 713 8,838 - 8,167  (iv) 97,926 (i) Mr Boyd commenced on 15 December 2003 (ii)  Mr Rule terminated employment as Chief Financial Of fi  ce on 30 November 2003 and resigned as Company Secretary  on 15 December 2003. (iii)  Mr Lambert commenced with NuStar Mining Corporation Limited on 21 January 2004, and on 1 May 2004 he entered  into a 3 year executive employment contract. (iv)  On 1 May 2004 NuStar Mining Corporation Limited granted Mr Lambert 5,000,000 options over ordinary NuStar shares,  exercisable at a price of $0.05 each, under the NuStar Employee Option Scheme approved by NuStar shareholders on  12 December 2003. Valuation of these options is based on the Black-Scholes method utilising share price at grant date,  interest of 5.75% and volatility of 35%. As the options vest on achievement of certain performance criteria in the future,  the value has been attributed over the intervening period and proportioned from grant date to 30 June 2004 Options provided as remuneration The details and value of options provided to executives are shown above.