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
Tenements and Expenditure by Month
Type Number Project Registered Holder Date
Granted
Date
Expiry
Annual
Expenditure
Annual
Rent
Ha Blocks ($) ($)
P P77/4121 Parker Range Southern Cross Goldfields Ltd 3/08/2012 2/08/2016 181.63 - 7,280.00 409.50
P P77/4122 Parker Range Southern Cross Goldfields Ltd 3/08/2012 2/08/2016 198.79 - 7,960.00 447.75
P P77/4124 Parker Range Southern Cross Goldfields Ltd 7/02/2012 6/02/2016 200.00 - 8,000.00 450.00
P P77/4125 Parker Range Southern Cross Goldfields Ltd 7/02/2012 6/02/2016 200.00 - 8,000.00 450.00
P P77/4150 Parker Range Southern Cross Goldfields Ltd 27/12/2012 26/12/2016 183.75 - 7,360.00 414.00
P P77/4151 Parker Range Southern Cross Goldfields Ltd 27/12/2012 26/12/2016 9.58 - 2,000.00 22.50
P P77/4152 Parker Range Southern Cross Goldfields Ltd 27/12/2012 26/12/2016 7.81 - 2,000.00 22.50
P P77/4168 Parker Range Southern Cross Goldfields Ltd 5/03/2013 4/03/2017 184.18 - 7,400.00 416.25
P P77/4169 Parker Range Southern Cross Goldfields Ltd 5/03/2013 4/03/2017 96.28 - 3,880.00 218.25
E E29/564 Perrinvale Cliffs Asia Pacific Iron ore Pty Ltd 9/01/2006 8/01/2015 6,300.00 42 70,000.00 9,790.20
E E29/593 Perrinvale Cliffs Asia Pacific Iron ore Pty Ltd 17/09/2007 16/09/2014 600.00 2 30,000.00 353.00
E E29/653 Perrinvale Cliffs Asia Pacific Iron ore Pty Ltd 19/12/2007 18/12/2017 2,700.00 9 50,000.00 1,588.50
E E29/655 Perrinvale Cliffs Asia Pacific Iron ore Pty Ltd 19/12/2007 18/12/2017 1,500.00 5 30,000.00 882.50
E E29/793 Perrinvale Polaris Metals Pty Ltd 4/07/2011 3/07/2016 900.00 3 15,000.00 350.10
E E30/331 Perrinvale Cliffs Asia Pacific Iron ore Pty Ltd 19/12/2007 18/12/2017 900.00 3 30,000.00 529.50
E E30/423 Perrinvale Polaris Metals Pty Ltd 4/07/2011 3/07/2016 2,100.00 7 20,000.00 816.90
E E30/424 Perrinvale Polaris Metals Pty Ltd 4/07/2011 3/07/2016 600.00 2 15,000.00 233.40
P P29/1922 Perrinvale Cliffs Asia Pacific Iron ore Pty Ltd 19/12/2007 18/12/2015 95.75 - 3,840.00 216.00
P P29/1923 Perrinvale Cliffs Asia Pacific Iron ore Pty Ltd 19/12/2007 18/12/2015 152.02 - 6,120.00 344.25
P P29/1926 Perrinvale Cliffs Asia Pacific Iron ore Pty Ltd 19/12/2007 18/12/2015 124.12 - 5,000.00 281.25
P P29/1927 Perrinvale Cliffs Asia Pacific Iron ore Pty Ltd 19/12/2007 18/12/2015 21.32 - 2,000.00 49.50
P P30/1011 Perrinvale Cliffs Asia Pacific Iron ore Pty Ltd 19/12/2007 18/12/2015 98.08 - 3,960.00 222.75
E E77/1289 Radio Southern Cross Goldfields Ltd 24/10/2007 23/10/2014 3,600.00 47 50,000.00 2,118.00
E E77/1692 Radio Southern Cross Goldfields Ltd 7/04/2010 6/04/2015 900.00 3 15,000.00 340.50
L L77/81 Radio Southern Cross Goldfields Ltd 19/01/1990 18/01/2015 5.84 - 0.00 81.90
M M77/633 Radio Southern Cross Goldfields Ltd 25/08/1994 24/08/2015 979.95 - 98,000.00 15,092.00
P P77/3614 Radio Southern Cross Goldfields Ltd 5/02/2008 4/02/2016 12.64 - 2,000.00 29.25
P P77/3665 Radio Southern Cross Goldfields Ltd 22/05/2008 21/05/2016 200.00 - 8,000.00 440.00
P P77/3666 Radio Southern Cross Goldfields Ltd 22/05/2008 21/05/2016 83.00 - 3,320.00 182.60
P P77/3759 Radio Southern Cross Goldfields Ltd 19/02/2009 18/02/2017 64.64 - 2,600.00 146.25
P P77/3760 Radio Southern Cross Goldfields Ltd 19/02/2009 18/02/2017 120.80 - 4,840.00 272.25
P P77/3761 Radio Southern Cross Goldfields Ltd 19/02/2009 18/02/2017 103.80 - 4,160.00 234.00
E E57/576 Sandstone Southern Cross Goldfields Ltd 13/02/2006 12/02/2015 1,800.00 30 70,000.00 1,477.20
E E57/580 Sandstone Southern Cross Goldfields Ltd 30/09/2005 29/09/2014 3,300.00 61 70,000.00 5,128.20
E E57/583 Sandstone Southern Cross Goldfields Ltd 5/10/2005 4/10/2014 4,500.00 68 70,000.00 6,993.00
E E57/592 Sandstone Southern Cross Goldfields Ltd 30/09/2005 29/09/2014 3,600.00 48 70,000.00 5,594.40
E E57/640 Sandstone Southern Cross Goldfields Ltd 30/10/2008 29/10/2013 19,500.00 69 97,500.00 11,794.25
E E57/641 Sandstone Southern Cross Goldfields Ltd 30/10/2008 29/10/2013 16,200.00 54 81,000.00 9,798.30
E E57/642 Sandstone Southern Cross Goldfields Ltd 5/09/2007 4/09/2017 10,200.00 34 68,000.00 8,370.80
E E57/664 Sandstone Southern Cross Goldfields Ltd 7/01/2008 6/01/2018 600.00 2 30,000.00 492.40
E E57/666 Sandstone Southern Cross Goldfields Ltd 27/11/2007 27/11/2017 1,800.00 6 50,000.00 1,477.20
E E57/667 Sandstone Southern Cross Goldfields Ltd 10/12/2008 9/12/2013 1,500.00 5 20,000.00 907.25
E E57/670 Sandstone Southern Cross Goldfields Ltd 10/12/2008 9/12/2013 6,000.00 20 30,000.00 3,629.00
E E57/703 Sandstone Southern Cross Goldfields Ltd 7/01/2008 6/01/2018 5,700.00 19 50,000.00 4,677.80
E E57/704 Sandstone Southern Cross Goldfields Ltd 20/02/2008 19/02/2018 9,300.00 31 62,000.00 7,632.20
E E57/808 Sandstone Southern Cross Goldfields Ltd 21/06/2010 20/06/2015 600.00 2 15,000.00 280.65
G G57/3 Sandstone Southern Cross Goldfields Ltd 27/06/1994 26/06/2015 9.62 - - 136.50
L L57/10 Sandstone Southern Cross Goldfields Ltd 22/03/1994 21/03/2014 4.20 - - 68.25
L L57/15 Sandstone Southern Cross Goldfields Ltd 26/08/1999 25/08/2020 69.00 - - 941.85
L L57/22 Sandstone Southern Cross Goldfields Ltd 2/11/2004 1/11/2025 7.60 - - 109.20
L L57/23 Sandstone Southern Cross Goldfields Ltd 5/08/2005 4/08/2026 132.00 - - 1,801.80
L L57/24 Sandstone Southern Cross Goldfields Ltd 30/06/2006 29/06/2027 17.80 - - 245.70
L L57/25 Sandstone Southern Cross Goldfields Ltd 30/06/2006 29/06/2027 6.23 - - 95.55
L L57/26 Sandstone Southern Cross Goldfields Ltd 30/06/2006 29/06/2027 7.50 - - 109.20
L L57/27 Sandstone Southern Cross Goldfields Ltd 1/11/2006 31/10/2027 1.30 - - 27.30
L L57/33 Sandstone Southern Cross Goldfields Ltd 19/02/2010 18/02/1931 11.28 - - 163.80
L L57/34 Sandstone Southern Cross Goldfields Ltd 19/02/2010 18/02/1931 4.24 - - 68.25
M M57/1 Sandstone Southern Cross Goldfields Ltd 1/12/1982 30/11/2024 290.35 - 29,100.00 4,481.40
M M57/128 Sandstone Southern Cross Goldfields Ltd 27/09/1989 26/09/2031 974.45 - 97,500.00 15,015.00
M M57/129 Sandstone Southern Cross Goldfields Ltd 10/04/1989 9/04/2031 996.80 - 99,700.00 15,353.80
M M57/130 Sandstone Southern Cross Goldfields Ltd 14/03/1989 13/03/2031 662.45 - 66,300.00 10,210.20
M M57/163 Sandstone Southern Cross Goldfields Ltd 7/11/1989 6/11/2031 716.75 - 71,700.00 11,041.80
M M57/22 Sandstone Southern Cross Goldfields Ltd 7/09/1984 6/09/2026 135.65 - 13,600.00 2,094.40
M M57/239 Sandstone Southern Cross Goldfields Ltd 9/11/1993 8/11/2014 52.09 - 10,000.00 816.20
M M57/248 Sandstone Southern Cross Goldfields Ltd 23/06/1994 22/06/2015 85.04 - 10,000.00 1,324.40
M M57/266 Sandstone Southern Cross Goldfields Ltd 19/12/1994 18/12/2015 7.37 - 10,000.00 123.20
M M57/301 Sandstone Southern Cross Goldfields Ltd 5/02/2001 4/02/2022 521.25 - 52,200.00 8,038.80
M M57/40 Sandstone Southern Cross Goldfields Ltd 16/04/1986 15/05/2028 354.95 - 35,500.00 5,467.00
M M57/415 Sandstone Southern Cross Goldfields Ltd 23/06/1999 22/06/2020 789.95 - 79,000.00 12,166.00
M M57/416 Sandstone Southern Cross Goldfields Ltd 23/06/1999 22/06/2020 980.00 - 98,000.00 15,092.00
Area
Appendix E-4