Update on Merger with Polymetals - Notice of Meeting

in tenement acquisition costs also relates to the Sandstone acquisition and the related 985km 2 exploration
portfolio acquired through that acquisition.
In the nine months to 31 March 2013, SXG has recorded a loss of $6.49 million which equates to $8.65
million on an annualised basis. This represents a 40% increase in the loss recorded at 30 June 2011 and a
51% increase in the loss recorded for the 30 June 2012 financial year.
The primary reasons for the increase in the loss are a reduction in revenue from the sale of tenements and
an increase in exploration and development expenditure. Gains on the sale of tenements generated $1.83
million in 2011 and $1.93 million in 2012 but only $0.04 million in the nine months to 31 March 2013.
Exploration and pre-development expenditure increased from $6.34 million for the year ended 30 June
2011 to $6.79 million, annualised, for the financial year 2013. This expenditure increase is driven by the
increased activity at the Marda Gold project and following the completion of the definitive feasibility
study in May 2012 the Marda Gold project is moving into a pre-development stage which results in the
segregation of expenses in the profit and loss between exploration and pre-development.
Corporate expenses and salaries and employee benefits expense have been classified as administration
expenses at 31 December 2012 and 31 March 2013.
5.5 Capital Structure
The share structure of SXG as at 30 April 2013 is outlined below:
Number
Total ordinary shares on issue 408,912,834
Top 20 shareholders 157,558,531
Top 20 shareholders - % of shares on issue 38.53%
Source: Computershare
The range of shares held in SXG as at 30 April 2013 is as follows:
Number of Ordinary Number of Ordinary Percentage of Issued
Range of Shares Held
Shareholders
Shares
Shares (%)
1 - 1,000 375 139,399 0.03%
1,001 - 5,000 343 825,574 0.20%
5,001 - 10,000 164 1,308,732 0.32%
10,001 - 100,000 829 36,152,761 8.84%
100,001 - and over 531 370,486,368 90.60%
TOTAL 2,242 408,912,834 100.00%
Source: Computershare
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