St Barbara Mines Limited Annual Report 2004 Directors’ Report DIRECTORS Your Directors present their report on the  consolidated entity consisting of St Barbara Mines Limited  (“Company”, “St Barbara” or “parent entity”) and  the entities it controlled (“consolidated entity”) at the  end of, or during, the  fi  nancial year ended 30 June 2004  and the Audit Report thereon. Mr Wise is an experienced corporate lawyer and consultant  with signi fi  cant expertise in the mining and exploration  industry and corporate sector. He spent 24 years with  WMC Limited, 10 of which as General Counsel and  subsequently, 4 years as Counsel to the New York law  fi  rm  of Howard, Smith and Levin LLP. He has had extensive  practical experience in Australia and internationally with  a wide range of corporate, operational and legal matters. He is a Fellow of both the Australian Institute of Company  Directors and of the Australasian Institute of Mining and  Metallurgy. He is a non-executive director of Southern  Health, the largest health service in Melbourne. Mr Wheatley has 25 years resource industry experience  within Australia and overseas. In his 17 years with BHP  until 1996, he was involved in engineering, research,  business development and commercial roles within the  steel, minerals and corporate business groups. He then  joined BT and became a Senior Vice President within the  Global Metals and Mining Group where he was involved  in project  fi  nance and corporate advisory activities over  the next 3 years. He moved to the gold industry in 1999  where, as General Manager Corporate Development with  Gold fi  elds/Aurion Gold Limited and a period as Acting  Managing Director of Gold fi  elds, he completed  a number of mergers and acquisitions that underpinned  the company’s ten fold increase in market capitalisation  before it was taken over by Placer Dome Inc. in 2002. Mr Wheatley is currently Executive Chairman of Southern  Cross Resources Inc., a company which is listed on the  Toronto Stock Exchange. Mr Eshuys is a geologist with 36 years of experience in mineral exploration, development and operation  of gold and nickel mines in Australia. He has a credible  record in exploration having led the exploration teams  that discovered several major gold deposits, including  Plutonic, Bronzewing and Jundee. He brought Bronzewing  and Jundee as well as the Cawse Nickel mine into  production. Mr Eshuys was awarded the Geological  Society of Australia’s Joe Harms medal for distinction  in exploration success and project development in 1996. He is a Fellow of both the Australian Institute of Company  Directors and the Australian Institute of Mining  and Metallurgy. Mr Tuten is actively involved in a consolidated entity  of private equity funds as a founding partner. These are  the Resource Capital Funds, the e-Century Capital Fund  and the CIP Fund. He spent over  fi  fteen years with the N.M.  Rothschild and Sons consolidated entity. During that period,  he was the chief executive of fi  cer of Rothschild Australia  Limited, Rothschild North America Inc. and Continuation  Investments N.V., the private equity vehicle for Rothschild  Continuation Holdings A.G. consolidated entity. Prior to  that, he was a commercial banker with the Philadelphia  National Bank. Mr Tuten serves on several boards in  connection with his investment activities. He graduated  from the University of Virginia with a B.A. in Economics. The names of Directors who held of fi  ce during  the  fi  nancial year or up to the date of this report  (unless otherwise stated) are: S J Colin Wise  (aged 58) Non-Executive Chairman Eduard Eshuys  (aged 59) Managing Director and Chief Executive Of fi  cer Mark K Wheatley  (aged 43) Non-Executive Direct or B.Sc, FAICD, FAusIMM Appointed Director on 20 July 2004 Member of the Remuneration Committee B.E.((Chem) Hons 1), MBA Appointed Director on 28 November 2003 Chairman of the Remuneration Committee LL.B, FAICD, FAusIMM Appointed Director on 20 July 2004  Member of the Audit Committee Member of the Remuneration Committee B.A. (Econ) Appointed Director on 26 March 2002 Chairman of the Audit Committee Stephen W Miller  Appointed Director on 12 March 1999  Removed on 20 July 2004 Kevin A Dundo  Appointed Director on 26 March 2002  Resigned on 18 July 2004 G Brian Speechly  Appointed Director on 9 July 1997  Resigned on 28 November 2003 James T McClements Appointed alternate director for H G Tuten Resigned on 10 July 2003 Henderson (Hank) G Tuten  (aged 56) Non-Executive Director