Update on Merger with Polymetals - Notice of Meeting

Drew Hill - White Dam Gold Project
On 28 May 2013, PLY announced it had divested its 50% interest in White Dam and associated Drew Hill
exploration tenements to joint venture partner Exco Resources Limited.
The White Dam Gold Project was a 50% joint venture between PLY and Exco Resources Limited, a
subsidiary of ASX-listed, Washington H. Soul Pattinson and Company Limited. White Dam is located in the
Curnamona Province approximately 85km west of Broken Hill. PLY was the operator and manager of the
joint venture which comprises the White Dam Gold Mine and 728km 2 of exploration tenements surrounding
the mine. Washington H. Soul Pattinson and Company Limited holds 2 million shares in PLY.
Turner River (Farm-in)
In September 2012, PLY entered into an agreement with Lansdowne Resources Pty Ltd to acquire 100% of
the shares in that company and the associated rights to earn a 75% interest in the Turner River gold and
base metals projects which were owned by De Grey Mining Ltd. The Turner River projects are located
approximately 60 km south of Port Hedland, Western Australia.
In the March 2013 quarter, PLY completed the $2 million earn-in obligation for the gold project and has
advised De Grey that it will be assuming management of the joint venture in the June quarter. De Grey
will retain its 25% interest in the joint venture.
To date, PLY has spent $0.6 million of the necessary $1.5 million required for an earn-in on the base
metals project.
At March 2013, total resources for the Turner River Gold project were approximately 5.1Mt at 1.6 g/t for
268,000 ounces of gold.
Further, and more detailed, information on PLY’s projects may be found in Appendix 4.
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