Update on Merger with Polymetals - Notice of Meeting

BDO CORPORATE FINANCE (WA) PTY LTD
Polymetals Mining Limited and Southern Cross Goldfields Limited
Technical Specialist's Report
Table 4.1 Marda Gold Project – Mineral Resources as at 25 September 2012 ..................................... 29
Table 4.2 Marda Gold Project – Ore Reserves at October 2012 ............................................................ 33
Table 4.3 Mean Comminution Test Parameters ..................................................................................... 34
Table 4.4 Southern Cross Capital Estimate Summary ........................................................................... 36
Table 4.5 Marda Operating Cost Estimate .............................................................................................. 36
Table 4.6 Sandstone Mineral Resources at June 2012 .......................................................................... 46
FIGURES
Figure 3.1 Mt Boppy Project Location ........................................................................................................ 5
Figure 3.2 Canbelego Exploration Licence Location ................................................................................. 6
Figure 3.3 Mt Boppy Geological Domains .................................................................................................. 8
Figure 3.4 Mt Boppy Proposed Flowsheet ............................................................................................... 11
Figure 3.5 Location of Turner River Projects ........................................................................................... 19
Figure 3.6 Location of Turner River Exploration Licence ......................................................................... 20
Figure 3.7 Turner River Base Metal Project Prospect Location ............................................................... 25
Figure 4.1 Location of Marda Gold Project .............................................................................................. 27
Figure 4.2 Sandstone Tenement Location ............................................................................................... 42
Figure 4.3 Sandstone Project Geology .................................................................................................... 43
Figure 4.4 Lord Nelson and Lord Henry Geology .................................................................................... 44
Figure 4.5 Two Mile Hill Geology ............................................................................................................. 45
APPENDICES
APPENDIX A PRINCIPAL SOURCES OF INFORMATION
APPENDIX B ABBREVIATIONS
APPENDIX C REPORT CONTRIBUTORS
APPENDIX D POLYMETALS TENEMENTS
APPENDIX E SOUTHERN CROSS TENEMENTS
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