Update on Merger with Polymetals - Notice of Meeting
Update on Merger with Polymetals - Notice of Meeting
Update on Merger with Polymetals - Notice of Meeting
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Over the year to 5 April 2013 a number <strong>of</strong> announcements were made to the market. The key<br />
announcements are set out below:<br />
Date<br />
Announcement<br />
Closing Share Price<br />
Following<br />
Announcement<br />
Closing Share Price<br />
Three Days After<br />
Announcement<br />
$ (movement) $ (movement)<br />
4/04/2013 Trading Halt 0.026 (16%) 0.026 (-)<br />
27/03/2013 SXG Completes Acquisiti<strong>on</strong> <strong>of</strong> Sandst<strong>on</strong>e Gold Project 0.033 (3%) 0.032 (3%)<br />
28/02/2013 Another Significant New Gold Target Identified at M arda 0.037 (9%) 0.035 (5%)<br />
18/02/2013 New Gold Target Identified North <strong>of</strong> M arda 0.038 (-) 0.036 (5%)<br />
31/01/2013 Quarterly Activities and Cashflow Report 0.039 (-) 0.039 (-)<br />
10/12/2012 SXG Signs Formal Agreement for Sandst<strong>on</strong>e, Receives Finance 0.043 (2%) 0.040 (7%)<br />
23/11/2012 <str<strong>on</strong>g>Update</str<strong>on</strong>g> <strong>on</strong> WA Gold Projects 0.043 (7%) 0.043 (-)<br />
31/10/2012 Quarterly Activities and Cashflow Report 0.045 (2%) 0.046 (2%)<br />
24/10/2012 RM B M andated to Finance Sandst<strong>on</strong>e Project Acquisiti<strong>on</strong> 0.048 (4%) 0.048 (-)<br />
22/10/2012 Sandst<strong>on</strong>e acquisiti<strong>on</strong> and debt funding update 0.046 (5%) 0.049 (7%)<br />
26/09/2012 SXG to progress gold producti<strong>on</strong> plans following Rights issue 0.05 (6%) 0.050 (-)<br />
19/09/2012 New Gold Corridor Highlights Growth Potential at M arda 0.048 (2%) 0.053 (10%)<br />
17/09/2012 SXG appoints PCF as debt advisors for WA Gold Projects 0.047 (2%) 0.049 (4%)<br />
24/08/2012 Prospectus 0.064 (7%) 0.054 (16%)<br />
24/08/2012 SXG Rights Issue to Underpin Transiti<strong>on</strong> To Gold Producti<strong>on</strong> 0.064 (7%) 0.054 (16%)<br />
24/08/2012 Reinstatement to Official Quotati<strong>on</strong> 0.064 (7%) 0.054 (16%)<br />
22/08/2012 Suspensi<strong>on</strong> from Official Quotati<strong>on</strong> 0.069 (-) 0.054 (22%)<br />
20/08/2012 Trading Halt 0.069 (-) 0.069 (-)<br />
17/08/2012 M arda Enhancements Provide Compelling Investment Case 0.069 (6%) 0.069 (-)<br />
14/08/2012 SXG to Double Resources and Halve M arda Project Capital<br />
Cost<br />
0.051 (4%) 0.069 (35%)<br />
9/08/2012 New Drill Targets Identified At Copper Bore VMS Project 0.05 (9%) 0.049 (2%)<br />
2/08/2012 M arda Gold Project <str<strong>on</strong>g>Update</str<strong>on</strong>g> 0.045 (13%) 0.045 (-)<br />
25/07/2012 Quarterly Activities and Cashflow Report 0.035 (-) 0.040 (14%)<br />
10/07/2012 COPPER BORE VM S copper gold project explorati<strong>on</strong> update 0.038 (-) 0.038 (-)<br />
28/06/2012 New massive sulphide intersecti<strong>on</strong> enhances copper bore 0.036 (3%) 0.037 (3%)<br />
21/06/2012 New discoveries upgrade regi<strong>on</strong>al gold potential at Marda 0.04 (5%) 0.040 (-)<br />
10/05/2012 SXG set to open up new WA gold province <strong>with</strong> M arda gold 0.044 (4%) 0.047 (7%)<br />
30/04/2012 Quarterly Activities and Cashflow Report 0.052 (-) 0.050 (4%)<br />
26/04/2012 SXG extends base metal mineralizati<strong>on</strong> at Copper Bore 0.058 (4%) 0.052 (10%)<br />
On 27 March 2013 SXG announced the completi<strong>on</strong> <strong>of</strong> its acquisiti<strong>on</strong> <strong>of</strong> the Sandst<strong>on</strong>e Gold Project. The<br />
acquisiti<strong>on</strong> more than doubled SXG’s gold resource inventory and provided SXG <strong>with</strong> the plant, camp and<br />
infrastructure required to fast track its transiti<strong>on</strong> to gold producti<strong>on</strong>. The share price <strong>of</strong> SXG increased 3%<br />
following this announcement.<br />
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