(c) Option holdings of Key Management Personnel (including nominees) (d) Shareholdings of Key Management Personnel Ordinary shares held in Metals X Limited (number) All options are exercisable once vested. *  Mr P J Newton resigned on 24 November 2009 and is no longer a Director. ** D J Coutts and T De Vries resigned on 14 August 2009 and 22 April 2010 respectively and are no longer Executives. 112 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011 30 June 2011 Balance held  at 1 July 2010 Granted as  remuneration On exercise of  options Net change  other Balance held  at 30 June  2011 Directors P G Cook 68,440,200  - - - 68,440,200  W S Hallam 6,350,000  - - - 6,350,000  S J Huffadine * - - - - - M L Jefferies 2,700,000  - - - 2,700,000  S Zhang  176,000,000  - - - 176,000,000  Y Zhang (Alternate Director) - - - - - Executives P M Cmrlec * - - - - - R D Cook - - - - - F J Van Maanen 2,070,000  - - - 2,070,000  Total 255,560,200  - - - 255,560,200  30 June 2010 Balance at  beginning  of period 1  July 2009 Granted as  remunera- tion Net change  other Options  exercised Balance  at end of  period 30  June 2010 Not vested  and not  exercisable Vested and  exercisable Directors P G Cook 2,000,000  - - - 2,000,000  - 2,000,000  W S Hallam 1,000,000  1,500,000  - - 2,500,000  - 2,500,000  S J Huffadine 1,000,000  1,000,000  - - 2,000,000  - 2,000,000  M L Jefferies - - - - - - - P J Newton * - - - - - - - W Wei - - - - - - - S Zhang - - - - - - - Y Zhang (Alternate  Director) - - - - - - - Executives P M Cmrlec 500,000  750,000  - - 1,250,000  750,000  500,000  R D Cook 400,000  - - - 400,000  - 400,000  D J Coutts ** 1,000,000  - (1,000,000) - - - - T De Vries ** 500,000  - (500,000) - - - - F J Van Maanen 550,000  500,000  (350,000) - 700,000  500,000  200,000  Total 6,950,000  3,750,000  (1,850,000) - 8,850,000  1,250,000  7,600,000 