40. KEY MANAGEMENT PERSONNEL (CONTINUED) Ordinary shares held in Metals X Limited (number) 30 June 2010 Balance held  at 1 July 2009 Granted as  remuneration On exercise of  options Net change  other Balance held  at 30 June  2010 Directors P G Cook 67,296,200  - - 1,144,000  68,440,200  W S Hallam 6,350,000  - - - 6,350,000  S J Huffadine - - - - - M L Jefferies 2,700,000  - - - 2,700,000  P J Newton ** 66,219,002  - - (66,219,002) - W Wei *** 176,000,000  - - (176,000,000) - S Zhang *** - - - 176,000,000  176,000,000  Y Zhang (Alternate Director) - - - - - Executives P M Cmrlec - - - - - R D Cook - - - - - D J Coutts**** - - - - - T De Vries**** - - - - - F J Van Maanen 2,070,000  - - - 2,070,000  Total 320,635,202  - -  (65,075,002) 255,560,200  *  S J Huffadine and P M Cmrlec both resigned on 1 June 2011 and are no longer a Director and Executive respectively.  ** Mr P J Newton resigned on 24 November 2009 and is no longer a Director.  ***On 9 November 2009 Mr W Wei resigned and Mr S Zhang was appointed as a Director representing Jinchuan Group Limited who hold 176,000,000 shares in the Company. **** D J Coutts and T De Vries resigned on 14 August 2009 and 22 April 2010 respectively and are no longer Executives. All equity transactions with key management personnel other than those arising from the exercise of remuneration options have  been entered into under terms and conditions no more favourable than those the Group would have adopted if dealing at arm's  length. (e) Loans to Key Management Personnel (f) Other transactions and balances with Key Management Personnel There were no loans to key management personnel during the current or previous financial year. Mr PG Cook, Mr WS Hallam and Mr PM Cmrlec are Directors of Westgold Resources Limited (“Westgold”) and its controlled entities. In  the current period $72,877 (2010: $31,179) has been charged to Westgold for Directors fees. Mr PG Cook is also a Director of Aragon Resources Limited (“Aragon”). Mrs FJ Van Maanen is the Company Secretary of Aragon. The  Consolidated Entity provides accounting, secretarial and administrative services at cost to Aragon. In the current period $48,039  (2010: $116,193) has been charged to Aragon for these services and Directors fees. 113 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011