REMUNERATION REPORT (AUDITED) This remuneration report for the year ended 30 June 2011 outlines the remuneration arrangements of the  Company and the Consolidated Entity in accordance with the requirements of the Corporations Act 2001 (“the  Act”) and its regulations. This information has been audited as required by section 308(3C) of the Act. The remuneration report details the remuneration arrangements for Key Management Personnel (“KMP”)  who are defined as those persons having authority and responsibility for planning, directing and controlling  the major activities of the Company and the Consolidated Entity, directly or indirectly, including any director  (whether executive or otherwise) of the parent company, and includes the five executives in the parent and the  Consolidated Entity receiving the highest remuneration. For the purposes of this remuneration report, the term ‘executive’ includes the Managing Director, executive  directors, senior executives, general managers and secretary of the parent and the Consolidated Entity. THE REMUNERATION REPORT IS PRESENTED UNDER THE FOLLOWING SECTIONS: 1. INDIVIDUAL KEY MANAGEMENT PERSONNEL DISCLOSURES Details of KMP including the top five remunerated executives of the Parent and Consolidated Entity are set out  below: KEY MANAGEMENT PERSONNEL Other than the appointment of D. Will as shown above, there were no other changes to key management  personnel after reporting date and before the date the financial report was authorised for issue. 29  DIRECTORS’ REPORT Name Position Date of appointment Date of resignation Directors P G Cook Non-Executive Chairman 23 Jul 2004 - W S Hallam Managing Director 1 Mar 2005 - S J Huffadine Executive Director 17 Jun 2009 1 Jun 2011 M L Jefferies Non-Executive Director 29 Dec 2006 - D P Will Executive Director 12 July 2011 - S Zhang Non-Executive Director 9 Nov 2009 - Y Zhang Alternate Non-Executive Director for S Zhang 3 Oct 2007 - Executives P M Cmrlec General Manager – Central Musgrave Project 19 Nov 2007 1 Jun 2011 R D Cook General Manager - Renison 22 Apr 2010 - F J Van Maanen Company Secretary 1 Jul 2005 - 1. Individual key management personnel disclosures 2. Board oversight of remuneration 3. Non-executive Director remuneration arrangements 4. Executive remuneration arrangements 5. Company performance and the link to remuneration 6. Executive contractual arrangements 7. Equity instruments disclosures