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
Figure 4.4
Lord Nelson and Lord Henry Geology
The Lord Nelson deposit is hosted by a zone of intermixed high-magnesium basalt and granodiorite above a
footwall ultramafic unit. A central and an east lode have been defined. Both zones trend north-north-west, dip
approximately -50º to the west and plunge to the south. The central zone is located mainly in the supergene
zone horizon. The east lode is a zone of pyrite-silica-biotite-quartz veining that follows the ultramafic footwall
contact. Gold mineralisation at Lord Henry is dominated by veining. Wall rock alteration is strong but with
little pyrite.
The Lord Henry deposit is hosted by granodiorite bound to the south and west by a sheared ultramafic
contact, forming part of the Trafalgar shear. Mineralisation comprises a series of stacked lodes that dip 20º
to 30º to the north characterised by quartz-sericite-chlorite-pyrite alteration. The overall trend of the
mineralised zones is north-east with a defined length of 400 m. High-grade gold intersections are associated
with sulphide-rich quartz veins and stringers.
The Two Mile Hill deposit is hosted in a late-stage, near vertical intrusive tonalitic stock which cuts the local
stratigraphy of mafic volcanics and BIF (Figure 4.5). The stock is about 220 m long and 70 m wide and is
pervasively altered with sericite, silica and carbonate and contains variable amounts of disseminated pyrite.
It also contains an open-sheeted system of quartz veins varying from