Update on Merger with Polymetals - Notice of Meeting

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Schedule 3 – Competent persons’ statement
The Information in this Explanatory Memorandum that relates to the Company’s Ore
Reserves and Mineral Resources is based on information compiled by:
(a)
(b)
(c)
in respect of Ore Reserves at the Marda Gold Project, Mr Denis Grubic, a Member of
the Australasian Institute of Mining and Metallurgy and an independent consultant
employed by Rock Team Pty Ltd, who has sufficient experience which is relevant to
the style of mineralisation and type of deposit under consideration and to the activity
which he is undertaking to qualify him as a Competent Person as defined in the 2004
Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves’;
in respect of Mineral Resources at the Marda Gold Project, Mr Richard Simmons, a
Member of the Australasian Institute of Mining and Metallurgy and SXG’s Exploration
Manager, who has sufficient experience which is relevant to the type of deposit under
consideration and to the activity which he is undertaking to qualify him as a
Competent Person as defined in the 2004 Edition of the ‘Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves’; and
in respect of Mineral Resources at the Sandstone Project, Mr David Otterman, a
Fellow of the Australasian Institute of Mining and Metallurgy, Chartered Professional
(Geology) and an independent consultant, who has sufficient experience which is
relevant to the style of mineralisation and type of deposit under consideration and to
the activity which he is undertaking to qualify him as a Competent Person as defined
in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’.
Each of Messrs Grubic, Simmons and Otterman consents to the inclusion in this Explanatory
Memorandum of the statements based on his information in the form and context in which
they appear.
The Information in this Explanatory Memorandum that relates to Polymetals’ Ore Reserves
or Mineral Resources is based on information compiled by:
(a)
(b)
in respect of Ore Reserves at the Mt Boppy Project, Messrs Sean Buxton and Andrew
Lawry, Members of the Australasian Institute of Mining and Metallurgy and former
employees of Polymetals, who have sufficient experience which is relevant to the
style of mineralisation and type of deposit under consideration and to the activity
which they are undertaking to qualify them as Competent Persons as defined in the
2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves’; and
in respect of Mineral Resources at the Mt Boppy Project and Turner River Project, Mt
Troy Lowien, a Member of the Australasian Institute of Mining and Metallurgy and a
Polymetals employee, who has sufficient experience which is relevant to the type of
deposit under consideration and to the activity which he is undertaking to qualify him
as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves’.
Each of Messrs Buxton, Lawry and Lowien consents to the inclusion in this Explanatory
Memorandum of the statements based on his information in the form and context in which
they appear.