2000 Annual Report - Heron Resources Limited

4.0 Continued
Directors’ Report
OPTIONS
10,150,000 Options in the Company were exercised during the year.
1,000,000 Options were issued by the Company during the year.
As at 30 June 2000 the Company had the following Options on issue:
Number Issued Expiry Date Exercise Price
125,000 28 August 2001 25 cents
150,000 01 September 2001 25 cents
350,000 15 December 2001 25 cents
65,000 05 March 2002 25 cents
200,000 19 December 2002 25 cents
200,000 19 December 2002 35 cents
200,000 19 December 2002 45 cents
200,000 19 December 2002 55 cents
200,000 19 December 2002 65 cents
1,690,000
LIKELY DEVELOPMENTS
The Company will continue its core nickel development activities through sole funded exploration and joint ventures where
appropriate. Inferred Mineral Resources at Goongarrie are being drilled out to an Indicated status for the Cawse Stage II
Bankable Feasibility Study to be completed by Centaur Mining & Exploration Limited on or before 19 August 2001.
The Company is continually assessing commercial opportunities for corporate growth. Because of the unpredictable nature
of these opportunities, developments could occur at short notice.
Further information is not included on the likely developments in the operations of the economic entity and the expected
results of those operations, as it is the opinion of the Directors that this would prejudice the interests of the economic entity
if included in this Report.
DIRECTORS’ BENEFITS
Disclosure of benefits provided to Directors during the financial year is made in Notes 14 and 16 of the financial statements,
in accordance with ASC class order 98/2395.
DIRECTORS’ INTEREST IN CONTRACTS WITH THE COMPANY
There are no material contracts involving Directors’ interests at the end of the financial year nor have any been entered into
since the end of the previous financial year not otherwise disclosed in this Report.
DIRECTORS’ SHAREHOLDING IN THE COMPANY
As at the date of this Report the interests of the Directors in the Shares of the Company were:
Director Ordinary Shares Options over Ordinary Shares
Direct Indirect Direct Indirect
R M Evans - 800,000 - 200,000
I J Buchhorn 2,447,857 28,221,998 1,000,000 -
R G Colville - 140,000 - 150,000
P J Lee - - - -
page 42 Heron Resources NL Annual Report 2000