Directors’ Report 57 Additional Statutory Disclosures  Directors’ Report Details of remuneration  Details of the nature and amount of each major element of the remuneration of the Directors and the Group executive managers are set out in the following tables. 1   Non-monetary benefits relate to car parking, travel, life insurance, relocation, and accommodation allowance provided by the Company. Relocation and accommodation  allowance is applicable to interstate recruitment of relevant personnel. 2   Amortised value of rights comprises the fair value of performance and deferred rights expensed during the year. This is the first year rights were issued. This is an accounting  expense and does not reflect the value to the executive of rights that vested in the financial year. Refer to the table on page 60 for the value of rights that have vested.  3  Consulting Fees of $100,000 were paid or payable to Norwest Mining Consultants Ltd, of which Peter McAleer is an officer and director. Year Ended 30 June 2013 Short-term benefits Post-  employment  benefits Share-based  payment Name Cash salary and fees $ Cash bonus $ Non-monetary  benefits 1 $ Super- annuation $ Amortised value  of rights 2 (Accounting  Expense) $ Total $ Non-Executive Directors Ross Smyth-Kirk 160,000 – 12,258 14,400 – 186,658 Peter McAleer 3 100,000 – – – – 100,000 Craig Carracher 90,500 – – 18,500 – 109,000 Peter Alexander 100,000 – – 9,000 – 109,000 Sub-total Non-Executive Directors Compensation 450,500 – 12,258 41,900 – 504,658 Executive Director Gavin Thomas 1,055,000 – 68,587 25,000 410,974 1,559,561 Other Key Management Personnel Duane Woodbury  475,000 – 6,157 26,398 136,367 643,922 Tim Benfield 483,524 – – 16,476 21,029 521,029 Ron James  400,000 – 2,478 – 109,093 511,571 Ross Coyle 365,000 – 13,189 25,000 106,366 509,555 Joel Forwood  305,000 – 11,928 25,000 38,132 380,060 Brett Dunstone 168,355 – 43,591 9,611 – 221,557 Phil MacIntyre  781,245 – 29,205 – – 810,450 Sub-total Executive Director and other Key  Management Personnel Compensation 4,033,124 – 175,135 127,485  821,961 5,157,705 TOTAL 4,483,624 – 187,393 169,385 821,961 5,662,363 continued