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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(4) Marda and Sandst<strong>on</strong>e; 1.0 g/t Au cut-<strong>of</strong>f grade.<br />
(5) Figures may not add due to rounding. Includes 100% <strong>of</strong> Turner River JV Resources.<br />
(6) Figures may not add due to rounding. Includes 75% <strong>of</strong> Turner River JV Resources.<br />
Turner River Base Metals Project JV JORC Resource Summary (1.0%Zn cut-<strong>of</strong>f grade) – <strong>Polymetals</strong> Earning<br />
75%<br />
Deposit<br />
Resource<br />
Category<br />
kt<br />
Zinc<br />
Zn%<br />
Silver<br />
Ag g/t<br />
Lead<br />
Pb %<br />
Gold<br />
Au g/t<br />
Discovery Inferred 1,116 2.6 94 1.0 0.9<br />
Orchard Tank Inferred 1,492 2.7 84 1.1 0.6<br />
Total (1) Inferred 2,608 2.7 89 1.1 0.7<br />
(1) Total includes 100% <strong>of</strong> Turner River Project Resources.<br />
Combined SXG and <strong>Polymetals</strong> JORC Proved and Probable Ore Reserve Statement<br />
Proved Probable Total<br />
kt<br />
Au<br />
g/t<br />
oz<br />
kt<br />
Au<br />
g/t<br />
oz<br />
kt<br />
Au<br />
g/t<br />
oz<br />
Marda(1) 1,937 2.4 149,200 340 2.7 29,100 2,277 2.4 178,500<br />
Mt Boppy 42 5.6 7,636 507 4.2 68,312 549 4.3 75,945<br />
<strong>Polymetals</strong> /<br />
SXG Total (1) 1,979 2.5 156,836 847 3.8 97,412 2,826 2.8 254,445<br />
(1) Note: Rounding c<strong>on</strong>forming to JORC to appropriate levels <strong>of</strong> precisi<strong>on</strong> may cause minor computati<strong>on</strong>al errors.<br />
3. Merged Group Board<br />
The Merged Group will comprise six n<strong>on</strong>-executive directors, <strong>with</strong> three from each <strong>of</strong><br />
<strong>Polymetals</strong> and SXG.<br />
Director<br />
Samantha Tough<br />
(N<strong>on</strong>-Executive<br />
Chairman)<br />
Biography<br />
Samantha Tough is currently a pr<strong>of</strong>essi<strong>on</strong>al company director <strong>with</strong> over 12 years’<br />
experience <strong>on</strong> a number <strong>of</strong> public and private boards. She is presently Chairman <strong>of</strong><br />
Southern Cross Goldfields Ltd; the Chairman <strong>of</strong> Structerre Pty Ltd (largest<br />
engineering service company in WA in residential and small commercial); the<br />
Chairman <strong>of</strong> RemCo Ltd (overseas gas retail networks in WA); the Chairman <strong>of</strong><br />
Aeris<strong>on</strong> Pty Ltd (supplier <strong>of</strong> products and services to the mining, mineral<br />
processing, oil and natural gas producti<strong>on</strong> and manufacturing industries) and a<br />
N<strong>on</strong>-Executive Director <strong>of</strong> Strike Resources Ltd. Samantha’s previous board<br />
positi<strong>on</strong>s include N<strong>on</strong>-Executive Director <strong>of</strong> Murchis<strong>on</strong> Metals Ltd; Executive<br />
Chairman <strong>of</strong> Advanced Well Technologies Pty Ltd (engineering services to oil and<br />
gas and CSM); member <strong>of</strong> the Curtin University Investment Committee and various<br />
subsidiary boards <strong>of</strong> Woodside Energy Ltd.<br />
In additi<strong>on</strong> to her board experience, Samantha has senior executive management<br />
experience in oil and gas including General Manager, North West Shelf for
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