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## (e) Amounts receivable from Director related entities 

At 30 June 2004, the Company had a receivable of nil (2003: $1,067,000) owing by De fi  ance Mining Corporation. Mr S Miller and Mr K Dundo were appointed Directors of De fi  ance Mining Corporation on 25 June 2003. 

## (f) Other Transactions with Directors of the company and their Director related entities 

The aggregate amounts brought to account in respect of the following types of transactions with Directos of entities in the consolidated entities and their Director related entities were: 

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(1) Paid to Q Legal for legal services. Mr Dundo is a partner of Q Legal. During prior years Mr Dundo was a partner of Clayton Utz. 

(2) Paid to RCF by way of issuance of shares and options as required under the RCF Facility. Mr Tuten is the Chairman of RCF Management LLC the management company of RCF. 

## 29. INVESTMENTS IN CONTROLLED ENTITIES 

The consolidated entity consists of the Company and its wholly-owned controlled entities as follows. 

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* 100% subsidiary of NuStar 

Each company in the consolidated entity was incorporated in Australia. 

(1) The Company’s equity position in Nustar reduced from 88.3% to 54.8% after accepting equity of 352 million NuStar shares at $0.05 cents per share in full satisfaction of the $17.6 million intercompany loan between the Company and NuStar. 

