ST GEORGE MINING LIMITED — Governance Information 2015

Aug 9, 2015

ASX / MEDIA RELEASE

10 August 2015

APPENDIX 4G AND 2015 CORPORATE GOVERNANCE STATEMENT

St George Mining Limited ("St George" or "the Company") is pleased to provide in accordance with Listing Rules 4.7 and 4.10.3 a copy of the St George's Corporate Governance Statement and Appendix 4G.

For further information, please contact:

John Prineas Executive Chairman St George Mining Limited (+61) 411 421 253 John.prineas@stgm.com.au www.stgeorgemining.com.au

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Name of entity

|--|

21 139 308 973 30 June 2015

ABN/ARBN Financial year ended

Our corporate governance statement2 for the above period above can be found at:3

this URL on our website: www.stgm.com.au

The Corporate Governance Statement is accurate and up to date as at [insert effective date of statement] and has been approved by the board.

The annexure includes a key to where our corporate governance disclosures can be located.

Date here: 7 August 2015

Sign here: Sarah Shipway Company Secretary

Print name: Sarah Shipway

1 Under Listing Rule 4.7.3, an entity must lodge with ASX a completed Appendix 4G at the same time as it lodges its annual report with ASX.

Listing Rule 4.10.3 requires an entity that is included in the official list as an ASX Listing to include in its annual report either a corporate governance statement that meets the requirements of that rule or the URL of the page on its website where such a statement is located. The corporate governance statement must disclose the extent to which the entity has followed the recommendations set by the ASX Corporate Governance Council during the reporting period. If the entity has not followed a recommendation for any part of the reporting period, its corporate governance statement must separately identify that recommendation and the period during which it was not followed and state its reasons for not following the recommendation and what (if any) alternative governance practices it adopted in lieu of the recommendation during that period.

Under Listing Rule 4.7.4, if an entity chooses to include its corporate governance statement on its website rather than in its annual report, it must lodge a copy of the corporate governance statement with ASX at the same time as it lodges its annual report with ASX. The corporate governance statement must be current as at the effective date specified in that statement for the purposes of rule 4.10.3.

2 "Corporate governance statement" is defined in Listing Rule 19.12 to mean the statement referred to in Listing Rule 4.10.3 which discloses the extent to which an entity has followed the recommendations set by the ASX Corporate Governance Council during a particular reporting period.

3 Mark whichever option is correct and then complete the page number(s) of the annual report, or the URL of the web page, where the entity's corporate governance statement can be found.

ANNEXURE – KEY TOCORPORATE GOVERNANCE DISCLOSURES

Corpo	il redaionGoCorattevernanceunccommen	hafollowd thedaioninfullforheholeWettveerecommenwfhed abohadlosd …ioWeisctopervevee	hafollowdhedaioninfullforheWeNOTtttveerecommenholef thed abohadlosd …ioWeiscwopervevee
PRINC	IPLE1LAYSOLIDFOUNDATIONSFORMANAGEMENTAND–	OVERSIGHT
1.1	listd eityholddisclosAntesue:(a)fheivelesdibilitiesitsbodtctresperoanresponsoarddt; aanmanagemenn(b)holy rd thebod adttteo tsemarsexpresseservearnhodelegd ttatet.seo managemen	hefachafollowhisdaiontt tt wtterecommen:…inCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcateredforbohelesdinionivetuttctanmaaresperoan…(ibilitiesf obod ad mincludinghottresponsourarnanagemensely rd thebod ad thodelegdtteo tatemarsexpresseservearnse):totmanagemenhislocionattat:lohInsionertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly md ed thisityextntweareanernaanageandaionis theforlicabletotrecommenree napp
21.31.	listd ehold:Aityntesu(a) udekeheksbeforiatintingrtanapproprecceappoafordholdeingitytttoperson,orpuwarsecurrsadidaforleciondiredtetctocane, as ar; an() pbideityholdeith all mrialinforionatetrovsecurrs wmalevdeheheinitsionisiont ttpossessreano aconwr orleclecdirettt ot actonoeor re‐er.listd eholdhahAityrittwitntntesuvea wenagreemehdired sioriveinghectocutsettt ttereacr anenexeoumsfheirinttnt.oappome	hefachafollowhisdaiontt tt wtterecommen:…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_loionhInsertcaterehefachafollowhisdaiontt tt wtterecommen:…inCoGoStaORrattemtourrpoevernanceen	lanhyhaionis sinCoatttratanexpoourrpoewGoStaORtemtvernanceenlly md eityd thisextntweareanernaanageandaheforlicableionis ttotrecommenree napplanhyhaionis sinCoatttratanexpwoourrpoeGoStaORtemtvernanceen
		hislocionattat:_lohInsionertcatere	lly md eityd thisextntweareanernaanageandaheforlicableionis ttotrecommenree napp

Corpo	il redaionGoCorattevernanceunccommen	hafollowd thedaioninfullforheholeWettveerecommenwfhed abohadlosd …ioWeisctopervevee	hafollowdhedaioninfullforheWeNOTtttveerecommenholef thed abohadlosd …ioWeiscwopervevee
1.4	hef alistd eholdbeTityretntcompany secaryoesubledirelyhebod,hroh thehair,ntacttottaccouarugconlldoh thefunf thewitioningatttctamersoproperobod.ar	hefachafollowhisdaiontt tt wtterecommen:…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_loionhInsertcatere	lanhyhaionis sinCoatttratanexpoourrpoewGoStaORtemtvernanceenlly md eityd thisextntweareanernaanageandaheforlicableionis ttotrecommenree napp
1.5	listd eityhold:Antesu(a)hadlicyhichludeiveityincirentsvearspos reqmewuforhebodlevmif thebodtt cttearor areanome oarblebforhiedejecivevintosettmeasuraosacggenrdiveityd tllyboh thebjecivettrsano assessannuaosdhe's phieheityinvintttanenrogressacgm;(b)discloshalicyfit;de tt poora summaryoan(c)discloshedf ehingriod thet torte as aenoacreppeblebforhiededjeciveviniveitytmeasuraosacg genrrsbyhebodlevf themisettt cttearorareanomeoboddah the'sdlicyinwitityiveitytaraccornceenrspoddshiehed eheitsvinittowtanprogressaracgmanr:()hef md1iveiontctrtrespepropos oenanwomenhebod,inioriveitiondtcutonarsenexeposs anhehole(ludhoheisaionincingtttacrossworganwhadefind"se"forheitynioivetcuttenser exese); opurposesr()2if theityis"relevloy" udehett er tenaanmpernkplacdelityhe'sWoGeEqAcityt,ttstrenruaenmo"G", afindeEqlityIndicadedinttorrecenenruassedblished udehaAcr ttt.anpun	hefachahadiveitylicyhalieswithtt tt wtt cevearspoomp…h(a):paragrapinCoGoStaORrattemtourrpoevernanceenhislocionattat:loionhInsertcatered af odiveitylicyfit:ancopyourrspoora summaryo…hislocionattat:loionhInsertcatereheble obforhiededjeciveviniveityttsetmeasurasacg genrrs…byhebod olevmif thebodintt cttearr areanome oardahdlicyd odsitiveitytowaccorncewourrspoanurprogressarhievinhetacgm:inCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatered theforferd ths(c)() o():inionin12tanmarereoparagrapr…inCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly md ed thisityextntweareanernaanageandaionis theforlicabletotrecommenree napp

Corpo	il redaionGoCorattevernanceunccommen	hafollowd thedaioninfullforheholeWettveerecommenwfhed abohadlosd …ioWeisctopervevee	hafollowdhedaioninfullforheWeNOTtttveerecommenholef thed abohadlosd …ioWeiscwopervevee
1.6	listd ehold:Aityntesu(a)haddisclosforriodicallyveaneaprocesspeluaheforfhebod,ingitstttevapermanceoarittedindividuldiredctocommesanars;an(b)dloslathd,iscinioningriotoorte,reeacreppeheheforluadekeionttrtawarpermanceevawas unnheddahhainingrioinwittortttreppeaccornceprocess.	heluaferd th(a):ioninttevaprocess rereoparagrap…inCoGoStaORrattemtourrpoevernanceenhislocionattat:Insloionhertcatered theforferd th(b):inionintanmarereoparagrap…inCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly mhisd eityd textntweareanernaanageandaheforlicableionis ttotrecommenree napp
1.7	listd ehold:Aityntesu(a)haddisclosforriodicallyveaneaprocesspeluaheforfingitsiorivettcutevapermanceosenexes;dan(b)dloslathd,iscinioningriotoorte,reeacreppeheheforluaiondekettrtawarpermanceevawas unnheddahhainingrioinwittortttreppeaccornceprocess.	heluaferd th(a):ioninttevaprocess rereoparagrap…inCoGoStarattemtORourrpoevernanceenhislocionattat:Insloionhertcatered theforferd th(b):inionintanmarereoparagrap…inCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly md ed thisityextntweareanernaanageandaheforlicableionis ttotrecommenree napp

Corpo	il redaionGoCorattevernanceunccommen	hafollowd thedaioninfullforheholeWettveerecommenwfheiod aboWehadisclosd …topervevee	hafollowdhedaioninfullforheWeNOTtttveerecommenf tholeheiod aboWehadisclosd …operveveew
PRINC	IPLE2 ‐STRUCTURETHEBOARDTOADDVALUE
2.1	hebod of alistd ehold:Tityntaresu(a)hainaionittehich:tvea nomcomme w()1haleahrebejorityf whotstts ae memrs,a maomdededdinirentctoarepenrs;an()is chairedbyindededire2ntctoanpenr,ddisclosane:()hehaf the3ittetrtecr ocomme;()hebef thed4ittetmemrsocomme;an() ahedfhd,he5ingrioattorttsenoeacreppef tbeimhemihrohottteettutnumorescome mughed ad theddul adaf theioinivitttepernannces obehoingORt ttmemrsasemees;(b)fdohadlosiitinaionitteiscttesnovea nomcomme,efachadheit eloyddrettt ats tnprocessesmpo assbodd thahebodionisstt tarsuccessues aneonsurearhahebalanf skills,knledgriattesappropceoowe,rieindededdiveitybleittoexpencepennceanrsena,dhadud rblitffecly.iscitsiesiiiesivetottrgeanesponse	[f theliesh ph(a):]Iitywittencomparagraphefachahahainaionittett tt wte ttevea nomcomm…lieswith phs() ad():12comparagrapninCoGoStaORrattemtourrpoevernanceenhislocionattat:Insloionhertcatered af thehaf theitterteancopyocr ocomme:…hislocionattat:lohInsionertcatered theforferd ths() ad():inionin45tanmarereoparagrapn…inCoGoStaORrattemtourrpoevernanceenhislocionattat:Insloionhertcatere[f theliesh ph(b):]Iitywittencomparagraphefachadohainaionittedtt tt wttenovea nomcomme an…heloyddrebod sionissttoprocessesweempassaruccessuesdhahebodhaheiatbalanfttt ts taneonsurearappropreceokills,knledgdededdrieiniveitytosowe,expencepennceanrs,bleit tdischaitsduiesd ribilitiesffecively:ttenaorgeanesponseinCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly md eityd thisextntweareanernaanageandaheforlicableionis ttotrecommenree napp

Corpo	il redaionGoCorattevernanceunccommen	hafollowd thedaioninfullforheholeWettveerecommenwfhed abohadlosd …ioWeisctopervevee	hafollowdhedaioninfullforheWeNOTtttveerecommenholef thed abohadlosd …ioWeiscwopervevee
2.2	listd eholdhaddlosbod skillsAityiscntesuveane aarhef skills addhaheixingmiiveitytrettt ttt tmasoux onrsbodlyhaislookinhieinitsttoarcurrens orgacvebehipmemrs	bod skills mix:atrourar…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_loionhInsertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly md eityd thisextntweareanernaanageandaheforlicableionis ttotrecommenree napp
2.3	Alistd eityholddisclosntesue:(a)hef theddedbyhebodireitctotnames orsconsrearbeindedediretontctopenrs;()f abidirehaintitioniationctost,rs anerepos, assocorlathipf thedebedbuheioniinBo2.3typt tresoescrxbodf thehadois oiniitmittt caroponesnoomproseheindedef thedirehef thetctotturpennceor,nae olathipintitioniationioninst,ereposassocorres,iond alanionf whyhebodisfestattquann expoarohadinittopon; an(c)helenh of sf ehdiceirettctogervoacr.	f thehedireidedbyhebod tbetctotnames orsconsrearo…dededinirentctopenrs:inCoGoStaORrattemtourrpoevernanceenhislocionattat:Insloionhertcaterehelicable,heforferd thinioninttreappmarereoparagrapw…(b):inCoGoStaORrattemtourrpoevernanceenhislocionattat:Insloionhertcaterehelenh of sicef ehdirettctogervoacr:…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_lohInsionertcatere	lanionhyhais sinCoatttratanexpwoourrpoeGoStatemtvernanceen
2.4	f thebod of alistd eholdbeA mjorityityntaoaresuindededirentctopenrs.	hefachafollowhisdaiontt tt wtterecommen:…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_loionhInsertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly md eityd thisextntweareanernaanageandaheforlicableionis ttotrecommenree napp

Corpo	l redaGoCoiionrattevernanceunccommen	hafollowd thedafullforheholeWeioninttveerecommenwfheiod abohadisclosd …tWeopervevee	hafollowdhedafullforheWeNOTionintttveerecommenholef theiod abohadisclosd …Wewopervevee
2.5	hehaf thebod of alistd eholdbeTir oityntcaresuanindededired,inicularhold nbentctortotpenr anpa, suhehef theCEO oitytttsame personasen	hefachafollowhisdaiontt tt wtterecommen:…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_lohInsionertcatere	lanionhyhais sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly md eityd thisextntweareanernaanageandaheforlicableionis ttotrecommenree napp
2.6	listd eityholdhaforinduingAntctesuvea programnewdddefeslireviiationctorsanproappropreprosadelopnitiesfordiredelopdntrtuctotovemeopporsveanhekillsdknledgdedforintinttomaasanoweneepermheleffecly.irdireivetctotroasrse	hefachafollowhisdaiontt tt wtterecommen:…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_Insloionhertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly md ed thisityextntweareanernaanageandaheforlicableionis ttotrecommenree napp
PRINC	IPLE3ACTETHICALLYANDRESPONSIBLY–
3.1	listd ehold:Aityntesu(a)hadefduforditsireiorctctoveacooconrs,sendloydivecutexeasnempees; an(b)dloshadefiscit.e tt coora summaryo	def cdufit:ctour cooonora summaryo…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_loionhInsertcatere	lanhyhaionis sinCoatttratanexpoourrpoewGoStatemtvernanceen
INCPR	SAFEGEGCOORPOINGIPLE4UARDINTRITYINRPATERERT–
4.1	hebod of alistd ehold:Tityntaresu(a)hadhich:it cmitteveanauome w()haleahrebell of who1tstts ae memrs,amarenon‐ddf whoiveirejoritycutctoexersanamaomareindedediredntctopenrs;an()2is chairedbyindededirehois nntctootanpenr, whehaf thebod,ir otcarddisclosane:()f t3hehaheittetrtecr ocomme;()helevlificf the4iond eientt qatreanuas anxperceobef thedmittememrsocome;an()inlationh ringriod,hebe5toorttreeaceppenumrfhehrohoheimittettttuttoescommemeughel af therioddindividudatttepeanannceso	[f theliesh ph(a):]Iitywittencomparagraphefachahadit cmihaliestt tt wttee tt ceveanauomomp…hhs() ad():wit12paragrapninCoGoStaORrattemtourrpoevernanceenhislocionattat:loionhInsertcatered af thehaf theitterteancopyocr ocomme:…hislocionattat:Insloionhertcatere	lanionhyhais sinCoatttratanexpwoourrpoeGoStatemtvernanceen

Corpo	GoCoil redaionrattevernanceunccommen	hafollowd thedaioninfullforheholeWettveerecommenwfheiod abohadisclosd …Wetopervevee	haNOfollowdhedaioninfullforheWeTtttveerecommenholef theiod abohadisclosd …Wewopervevee
	behoingORt ttmemrsasemees;(b)fdohaddloshaiitit cmiisctttee ttesnoveanauome,facdheit eloyhaindedelytts ttntanprocessesmppenfydfegdhefriintrityitstratveansauaregocorpoeludheforheingincingortttrepprocesses,dl of thel adintitontextappomeanremovaernaurdhef thedionit etrotatt partanoaungagemenner.	d theforferd ths() ad():inionin45tanmarereoparagrapn…inCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatere[f theitylieswith ph(b):]Itencomparagraphefachadohadd theit cmitt tt wttteenoveanauome an…loyhaindedely vifyd sfegdttntprocessesweemppeneranauarhef oludheintrityingincingtratorttegourcorpoe rep,forheintd rl of theltntextprocessesappomeanemovaernaddhef theditoionit etrotatt partauarnoaungagemenner:inCoGoStaORrattemtourrpoevernanceenhislocionattat:loionhInsertcatere
4.2	hebod of alistd ehold,beforTityit antaresepprovesuheity'sfinial stforfinial piod,tntatentseancmeaancerfroddelarhaheiveitsCEO aCFO aioninirattt,trecemncinihefinial redsf theityhabettoponanccoroenveen,ly md ad thahefinl stintineiat tatentsproperaanancmely with theiatingdadsdtstacompappropre accounnrandfaf thefinl pdiveir viewiaitiona tgrueanoancosanforf thed thahehabeityinitt tpermanceoenanoponsenfordhebais of ad sf riskn ttemmeossounysodl col whichintis oingntntrratmanagemeanernaopeffecively.te	hefachafollowhisdaiontt tt wtterecommen:…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_lohInsionertcatere	lanionhyhais sinCoatttratanexpwoourrpoeGoStatemtvernanceen
4.3	listd ehahahold ehaAityAGMitsntttttes ansnsureulditodsitsdis ailable tAGMexttteernaauarnanvaofroholdelevheionitystt to tanswerquesmsecurrsreandit.au	hefachafollowhisdaiontt tt wtterecommen:…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_lohInsionertcatere	lanionhyhais sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly md ehadoholdityextnttttweareanernaanageesnol gl mhisingd tdaionisttanannuaeneraeeanrecommenheforlicabletotreneapp

Corpo	GoCoil redaionrattevernanceunccommen	Wehafollowd thedaioninfullforheholettveerecommenwfheiod abohadisclosd …Wetopervevee	WehaNOfollowdhedaioninfullforheTtttveerecommenholef theiod abohadisclosd …Wewopervevee
PRINC	IPLE5MAKETIMELYANDBALANCEDDISCLOSURE–
5.1	Alistd eityhold:ntesu(a)halicyforlyhitteingwiitstveawrnpocompinudisclosbligaiondeheLisingnttr ttcoousureos unlesdRu; an(b)dloshalicyfiscit.e tt poora summaryo	loslianlicyinudisctour conousurecompcepoora summary…fit:oinCoGoStarattemtORourrpoevernanceenhislocionattat:_Insloionhertcatere	lanionhyhais sinCoatttratanexpwoourrpoeGoStatemtvernanceen
PRINC	IPLE6RESPECTTHERIGHTSOFSECURITYHOLDERS–
6.1	listd ehold pdeforbolfAityiinionitsenttutesurovmaaditsinvviaitsbsitetoestangovernanceorswe	forbod obsinionitetutmaausanurgovernanceonour we:…hislocionattat:stgwww.m.com.aulohInsionertcatere	lanhyhaionis sinCoatttratanexpoourrpoewGoStatemtvernanceen
6.2	listd eityholddeigndimleminvAntt aestesusanpennorlatfaclitaffecioniivetotettwrepsrogrameo‐wayicaionithinvtestcommunwors	hefachafollowhisdaiontt tt wtterecommen:…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_lohInsionertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStatemtvernanceen
6.3	listd eholddloshelicd pAityisciesnte tesupoanrocessesithainlacfacilitad eicipaione tterttatspoanncouragepaf sholdeingityetmes oecurrs.	licd pforfaclitad eiesiingingtour poanrocessesanncourag…icipaioningf sityholderttatetpames oecurrs:inCoGoStaORrattemtourrpoevernanceenhislocionattat:_lohInsionertcatere	lanionhyhais sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly md eityhadoholdextnttttweareanernaanageesnodf sholded thisrioic mingitytpeees oecurrsandaionis theforlicabletotrecommenree napp
6.4	listd ehold gholdeheAityiveityionntrs tttoesusecuropfrod sd civenicionnicionatatrececommusm,anenommushedleclly.ityitsityistnicto,tttroenansecurregryea	hefachafollowhisdaiontt tt wtterecommen:…inGoStaCoORrattemtourrpoevernanceenhislocionattat:_loionhInsertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStatemtvernanceen

Corpo	GoCoil redaionrattevernanceunccommen	hafollowd thedaioninfullforheholeWettveerecommenwfheiod abohadisclosd …Wetopervevee	haNOfollowdhedaioninfullforheWeTtttveerecommenholef theiod abohadisclosd …Wewopervevee
PRINC	IPLE7RECOGNISEANDMANAGERISK–
7.1	hebod of alistd eityhold:Tntaresu(a)hak,itteitteristoveacommeorcommesoverseehf which:eaco()haleahrebejorityf who1tstts ae memrs,a maomdededdinirentctoarepenrs;an()is chairedbyindededire2ntctoanpenr,ddisclosane:()hehaf the3ittetrtecr ocomme;()hebef thed4ittetmemrsocomme;an() ahedfhd,he5ingrioattorttsenoeacreppebef timhemihrohottteettutnumorescome mughed ad theddul adaf theioinivitttepernannces obehoingORt ttmemrsasemees;(b)fdohak ciitismimitttetteesnovea rome or comes(a) ahaisfybodiscloshafacdhettatttt atsveen,loyforhe'skit eingityristtprocessesmpsoverseeenfrak.ntmanagememewor	(a):[f theitylieswith ph]Itencomparagraphefachahamimitt tt wttettetoevea come or comes…k thaly wh phs() a():isit1d2t coverseeromparagrapninCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatered af thehaf theitterteancopyocr ocomme:…hislocionattat:loionhInsertcatere() a():d theinforionferd tinhs4dt5anmarereoparagrapn…inCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatere[f theliesh ph(b):]Iitywittencomparagraphefachahak cdoismitt tt wttteenovea rome or…ittehaisfy(a) ad theloyfortt satcommesnprocessesweempk mfrak:ingistoverseeour ranagemenmeworinCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStatemtvernanceen

Corpo	il redaionhafollowd thedaioninfullforheholehafollowGoCoWeWeNOTrattttevernanceunccommenveerecommenwveefhed abohadlosd …holef thed aioWeisciotoperveveewoper	dhedaioninfullforhetttrecommenbohadlosd …Weiscvevee
27.	hebod of thebod shold:Tittearr acomme oaru(a) riewheity's risk mfrak attttevenanagemenmeworleallyfylf thabeisitseit cinusttosattttoannuaonesd;dsounan(b)dloslath rd,iscinioningriotoorte,reeaceppehehehhakelaciewts twsrucarevan pe.	hefachafollowhisdaiontt tt wtterecommen:…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_loionhInsertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStatemtvernanceen
7.3	listd eityholddisclosAntesue:(a)fhal afunhohefuniitintditionioncttcts anernauw,dd whaleforisit pORtructut rsreanoerms;()bifitdohaintl aditfunionhafactcttttesnoveanernau,dheloyforluaditingttanprocessesempsevaaninullyimvinheffecivefitsriskntttcoaprogenessodl col pintntntrmanagemeanernaorocesses.	(a):[f theitylieswith ph]Itencomparagraphol adfund ad whaleintitionis scttructut rwourernaureno…foritperms:inCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatere[f theliesh ph(b):]Iitywittencomparagrapfacfunhehadohaintl aditiondtt tt wtctenoveanernauan…heloyforluad cllyinginutttprocessesweempevaanonaheffecf ok mdimviniveristtt aprogenessouranagemennintll pntrernacoorocesses:inCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStatemtvernanceen
7.4	listd eholddloshehehaAityiscitnttesue wrs anyialmiirol ad sialtertotamaexposureeconoc, envnmennocblityksd,fdohoinairisiitit mtasusanes,wanagesorhoks.intdsriste tenmoanagse	hehehal eriamitatetowr weveany mxposureeconoc,…f wvirldial suinabilityrisksd,idontastaenonmeansocane,hod thoks:intrise twwemanageoreno managseinGoStaCoORrattemtourrpoevernanceenhislocionattat:_loionhInsertcatere	lanhyhaionis sinCoatttratanexpoourrpoewGoStatemtvernanceen
INCPR	IPL8MURAFAIRLYANSPONSIBLYERENETEDRE–
8.1	hebod of alistd ehold:Tityntaresu(a)hahich:ionittetvea remuneracomme w	[f theliesh ph(a):]Iitywittencomparagraphefachahaionittehatt tt wte ttevea remuneracomm…	lanionhyhais sinCoatttratanexpwoourrpoe

l redaCoGoCoiionrattrpoevernanceunccommen	hafollowd thedafullforheholeWeioninttveerecommenwfheiod abohadisclosd …tWeopervevee	hafollowdhedafullforheWeNOTionintttveerecommenholef theiod abohadisclosd …Wewopervevee
()haleahrebef who1joritytstts ae memrs,a maomdededdinirentctoarepenrs;an()hadbydeded2is cireinirentctoanpenr,ddlosiscane:()3hehaf theittetrtecr ocomme;()hebef theitted4tmemrsocomme;an() ahedfhd,he5ingrioattorttsenoeacreppebef timhemihrohottteettutnumorescome mughed ad theddul adaf theioinivitttepernannces obehoingORt ttmemrsasemees;(b)fhaiitdoionittettesnovearemuneracomme,dloshafacdheloyforiscitttt atenprocessesempshelevl adf ringitionionsettttencomposoemunerafordirediorived erinhactocutttrsansenexes annsughd nionis ariaivetteotsucremunerappropanexcess	liesh phs() ad():wit12comparagrapninCoGoStarattemtORourrpoevernanceenhislocionattat:Insloionhertcatered af thehaf theitterteancopyocr ocomme:…hislocionattat:lohInsionertcatered theforferd ths() ad():inionin45tanmarereoparagrapn…inCoGoStaORrattemtourrpoevernanceenhislocionattat:loionhInsertcatere[f t():]Iheitylieswith phbtencomparagraphefachadohadionittett tt wttenovea remuneracomme an…heloyforhelevl ad cingitiontsetttprocessesweempenomposffordd sdionireioriveratctocutoremunersanenexes anhah rd nrinionis ariatt stteotensugucemunerappropaniveexcess:inCoGoStaORrattemtourrpoevernanceenhislocionattat:lohInsionertcatere	GoStaORtemtvernanceenlly md eityd thisextntweareanernaanageandaheforlicableionis ttotrecommenree napp

l redaCoGoCoiionrattrpoevernanceunccommen		hafollowd thedafullforheholeWeioninttveerecommenwfheiod aboWehadisclosd …topervevee	hafollowdhedafullforheWeNOTionintttveerecommenholef theiod aboWehadisclosd …operveveew
8.2	listd ehold slydloslicdAityiscitsiesntteesueparaepoanicedingheionf nivectttutpras regarremuneraoon‐execddhef edireioniveirectottcutctorsanremuneraoxershediorivetcutanor senexes.	ly olicd pioniesicetettseparaurremunerapoanracs…dingheionf nivediredttutctoregarremuneraoon‐execrsanhef edd oheioniveireiorttcutctotremuneraoxersanr senivecutexes:inCoGoStaORrattemtourrpoevernanceenhislocionattat:_lohInsionertcatere	lanionhyhais sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenlly md eityd thisextntweareanernaanageandaheforlicableionis ttotrecommenree napp
8.3	listd ehichha‐badAityityionnttews an equseremunerahehold:scmesu(a)halicyhehedicipaittetartntsvea poonwr pareperm(wintionhehehroh thetonteo tttr terransacsugusefdehe) whichlimheriviveiseit tmiattoosr orweconockf phehedrisicipaingin tarttoscme; an(b)dloshalicyfiscit.e tt poora summaryo	licyhisfissit:tour poonueora summaryo…inCoGoStaORrattemtourrpoevernanceenhislocionattat:_Insloionhertcatere	lanhyhaionis sinCoatttratanexpwoourrpoeGoStaORtemtvernanceenha‐bahedoityd rionttwenoveaneqseemunerascmeudhisdaheforlicableionis tORttotanrecommenree napplly md eityd thisextntweareanernaanageandaheforlicableionis ttotrecommenree napp

CORPORATE GOVERNANCE STATEMENT FOR THE YEAR ENDED 30 JUNE 2015

The policies and practices developed and implemented by the Board over many years meet or exceed the Principles and Recommendations set out in ASX's 3rd Edition Corporate Governance Council Guidelines (ASX Guidelines).

The statement was approved by the Board of St George Mining Limited and is current as at 7 August 2015. The statement and information identified therein are available on the Company's website at www.stgeorgemining.com.au under the Corporate Governance Section.

ASX RECOMMENDATION		STATEMENT COMMENTARY	COMPLIANT WITH
			ASX
			RECOMMENDATION
		Principal 1: Lay solid foundations for management and oversight
		A listed entity should establish and disclose the respective roles and responsibility of its board and management
	and how their performance is monitored and evaluated.
1.1	A listed entity should disclose:
(a)theresponsibilities	respectiverolesandofitsboardand management; and	The Directors monitor the business affairs of theCompanyonbehalfofShareholdersandhaveadoptedaCorporateGovernancePlanwhichisdesignedtoencourageDirectorstofocustheirattention on accountability, risk management andethical conduct.	Yes
		The Board Charter sets out the Board's role, powersand duties and establishes the functions reserved fortheBoardandthosewhicharedelegatedtomanagement.
		Due to the scale of the Company's operations and thelimited number of employees, the Board performsthe management role.
(b)thosereservedthosemanagement.	mattersexpresslytotheboardanddelegatedto	TheCompany'sBoardCharterispostedontheCompany's website which sets out the role, powersand responsibility of the Board.	Yes
1.2	A listed entity should:
(a)beforeholders	undertake appropriate checksappointingaperson,or putting forward to securityacandidateforelection as a director; and	On 11 June 2015 Sarah Shipway was appointed asNon‐Executive Director of the Company. She will beseeking election by shareholders at the 2015 AGM.Appropriatebackgroundcheckswerecarriedoutprior to the appointment or nomination for election.	Yes
(b)possession	Provide security holders withall material information in itsrelevanttoadecision on whether or not toelect or re‐elect a director.	All material information relevant to a decision abouteach candidate for election will be contained in theNotice of Meeting.	Yes

1.3	A listed entity should have awritten agreement with eachdirector and senior executivesetting out the terms of theirappointment.	Directors are not appointed for specific terms and aresubject to rotational requirements for re‐election.Criterionforcontinuedofficeiseffectivecontribution,whichisregularlyreviewedintheevaluation of the Board's performance.Directors have written agreements setting out theterms of their appointment.	Yes
1.4	The company secretary of alistedentityshouldbeaccountabledirectlytotheboard, through the chair, onallmatterstodowiththeproperfunctioningoftheboard.	The Board has access to the company secretary, whois accountable directly to the Board, through theChair,onallmatterstodowiththeproperfunctioning of the Board.	Yes
1.5(a)	A listed entity should:have a diversity policy which	The Company's Diversity Policy, which is included in	Yes
	includes requirements for theboardorarelevantcommittee of the board to setmeasurableobjectivesforachievinggenderdiversityand to assess annually boththe objectives and the entity'sprogress in achieving them;	Schedule 10 of the Company's Corporate GovernancePlan, recognises the benefits arising from employeeand Board diversity, including a broader pool of highqualityemployees,improvingemployeeretention,accessingdifferentperspectivesandideasandbenefiting from all available talent. Diversity includes,butisnotlimitedto,gender,age,ethnicityandcultural background.
		The Board is responsible for developing measurableobjectives and strategies to meet the Objectives oftheDiversityPolicy(MeasureableObjectives)andmonitoringtheprogressoftheMeasureableObjectivesthroughmonitoring,evaluationandreporting mechanisms listed below.
		The Board may also set Measurable Objectives forachievinggenderdiversityandmonitoringtheirachievement.
		TheBoardwillconductallBoardappointmentprocessesinamannerthatpromotesgenderdiversity,includingestablishingastructuredapproach for identifying a pool of candidates, usingexternal experts where necessary.
		Due to the scale of the Company's operations and thelimited number of employees, the Company has notyet set Measurable Objectives for achieving genderdiversity.TheCompanywillconsiderestablishingmeasurable objectives as it develops.
(b)	disclosethatpolicyorasummary of it; and	A copy of the Company's Diversity Policy is includedin the Company's Corporate Governance Plan and is	Yes

		available on the "Corporate Governance" page of theCompany's website www.stgm.com.
(c)	disclose as at the end of eachreportingperiodthemeasurableforachievinggenderdiversitysetbytheBoard in accordance with theentity's diversity policy and itsprogresstowardsachievingthem and either;	Due to the scale of the Company's operations and thelimited number of employees, the Company has notyet set Measurable Objectives for achieving genderdiversity.TheCompanywillconsiderestablishingmeasurable objectives as it develops.	No
	(i) therespectiveportionsof men and woman ontheboard,inseniorexecutivepositionsandacrossthewholeorganisation(includinghowtheentityhasdefinedseniorexecutivesforthesepurposes;	The Company currently comprises of the followingpercentages of females;33% of the Board0% Senior Management (i)37% of the Company's total workforce(i)Due to the Company's stage of development, itdoes not yet have any senior executives apartfrom the Board.	Yes
	(ii) if the entity is a 'relevantentity'undertheWorkplaceGenderEquality Act, the entity'smostrecent'GenderEqualityIndicators',asdefined in and publishedunder the Act.	The Company is not a 'relevant entity' under theWorkplace Gender Equality Act.	N/A
1.6(a)	A listed entity should:have and disclose a processfor periodically evaluating theperformance of the board, itscommitteesandindividual	The Board has adopted a policy to assist in evaluatingtheperformanceofseniorexecutives,whichiscontained in Schedule 6 of its Corporate GovernancePlan (Disclosure ‐ Performance Evaluation).	Yes
(b)	directors; anddisclose, in relation to eachreportingperiod,whether aperformanceevaluationwasundertaken inthe reportingperiodinaccordancewiththat process.	The Company will put a formal process in place asand when the Company's level of operations justifiesit.	No
1.7	A listed entity should:
(a)	have and disclose a processfor periodically evaluating theperformanceofitsseniorexecutives; and	Due to the Company's stage of development, it doesnot yet have any senior executives apart from theBoard.However,iftheCompanyappointsseniorexecutives in the future, the Board will monitor theperformanceofthoseseniorexecutivesincludingmeasuring actual performance of senior executivesagainst planned performance.	Yes
(b)	disclose, in relation to each	See 1.7 (a)	N/A

	reportingperiod,whether a
	performanceevaluationwas
	undertaken inthe reporting
	periodinaccordancewith
	that process.
	Principal 2: Structure of the board to add value
		A listed entity should have a board of an appropriate size, composition, skills and commitment to enable it to
	discharge its duties effectively.
2.1	The board of a listed entity
	should
(a)	have a nomination committee	Given the current size and structure of the Board, the	No
	which;	Board has not established a separate nomination
		committee.
	(i)hasatleastthree	See 2.1 (a).	N/A
	members, a majority of
	whom are independent;
	and
	(ii)ischairedbyan	See 2.1 (a).	N/A
	independent director
	and disclose:
	(iii)thecharterofthe	Thecharterofthenominationcommitteeis	Yes
	committee;	contained in Schedule 5 of the Company's Corporate
		Governance Plan and is available on the "Corporate
		Governance"pageoftheCompany'swebsite
		www.stgm.com.
	(iv)themembersofthe	See 2.1 (a).	N/A
	committee
	(v)asattheendofeach	See 2.1 (a).	N/A
	reportingperiod,the
	numberoftimesthe
	committeemet
	throughouttheperiod
	andtheindividual
	attendancesofthose
	membersatthose
	meetings; or
(b)	ifitdoesnothavea	Untilanominationcommitteeisestablished,the	Yes
	nominationcommittee,	Boardwillundertaketheobligationsofthe
	disclosethatfactandthe	nomination committee in connection with evaluating
	processesitemployeesto	the performance of senior executives in accordance
	addressboardsuccession	with Schedule 6 of its Corporate Governance Plan.
	issues and to ensure that the
	boardhastheappropriate
	balance of skills, knowledge,
	experience,independence
	and diversity to enable it to
	dischargeitsdutiesand
	responsibility effectively.

2.2	Alistedentityshouldhaveanddiscloseaboardskillsmatrix setting out the mix ofskillsanddiversitythattheboardcurrentlyhasorislookingtoachieveinitsmembership.	The Board has a skills matrix covering the followingkey areas of knowledge and experience:GeologyProject DevelopmentHealth, Safety and EnvironmentCommercialLegalFinance (Accounting)WhenaBoardvacancyoccurs,theNominationCommittee identifies the particular skills, diversity,experience and expertise that will best complementBoard effectiveness, and then undertakes a processto identify candidates who meet those criteria.	Yes
2.3	A listed entity should disclose:
(a)	thenamesofthedirectorsconsidered by the board to beindependent directors;	TheBoardconsidersSarahShipwaytobeanindependent director.	Yes
(b)	if a director has an interest,position,associationorrelationship described in Box2.3 but the board is of theopinionthatitdoesnotcompromisetheindependenceofthedirectors, the nature of theinterest, position, associationorrelationshipinquestionand an explanation of why theboard is of that opinion; and	TheBoarddistinguishesbetweentheconceptofindependence, and the issues of conflict of interest ormaterial personal interests which may arise fromtime to time. Wherever there is an actual or potentialconflict of interest or material personal interest, theBoard's policies and procedures ensure that:the interest is fully disclosed and the disclosure isrecorded in the Board minutes;therelevantdirectorisexcludedfromallconsiderations of the matter by the Board; andtherelevantdirectordoesnotreceiveanysegment of the Board papers or other documentsin which there is any reference to the matter.	Yes
(c)	the length of service of eachdirector.	The name, skills and experience of the directors inoffice at the date of this Statement, and the period ofoffice of each director, are set out in the AnnualReport.	Yes
2.4	A majority of the board of alistedentityshouldbeindependent directors	The Company's Corporate Governance Plan outlinesthat the majority of the Board will be comprised ofnon‐executive directors, and where practical, at least50% of the Board will be independent. However, theBoard considers that the Company is not currently ofa size, nor are its affairs of such complexity, to justifythe expense of an appointment of a majority ofindependent directors. The current Board structurepresentlyconsistsofanexecutivechairman,anexecutive director and one non‐executive director.	No

	The Board believes that each of the Directors canmake,anddomake,qualityandindependentjudgements in the best interests of the Company. AnyDirector who has a conflict of interest in relation to aparticular item of business must declare their conflictand abstain from voting or participating in Boarddeliberations to which a conflict of interest relates.
2.5 thechairoftheboardofalistedentityshouldbeanindependentdirectorand,inparticular, should not be thesame person as the CEO of theentity.	Mr John Prineas is the Executive Chairman and is anot an Independent Director.The Company's Corporate Governance Plan providesthat the Chairman, where practical, should be a non‐executive Director.TheBoardconsidersthattheCompanyisnotcurrentlyofasize,norareitsaffairsofsuchcomplexity, to require an independent Chairman. Thiswill be reviewed as the Company develops.	No
2.6 A listed entity should have aprogramforinductingnewdirectorsandprovideappropriateprofessionaldevelopment opportunities fordirectorstodevelopandmaintaintheskillsandknowledge needed to performtheirroleasdirectorseffectively.	TheBoardprovidesanappropriateinductionprogram for new directors, which includes onsitevisits to operations.Directors have available to them opportunities forprofessional development.	Yes
Principle 3: Act ethically and responsibly
A listed entity should act ethically and responsibly.
3.1 A listed entity should:
(a) have a code of conduct for itsdirectors, senior executive andemployees; and	The Company's Code of Conduct, which is included inSchedule 2 of the Company's Corporate GovernancePlan, aims to encourage the appropriate standards ofconduct and behaviour of the directors, officers andemployees of the Company.	Yes
(b) disclosethatcodeorasummary of it.	AcopyoftheCompany'sCodeofConductiscontained in the Company's Corporate GovernancePlan and is available on the "Corporate Governance"page of the Company's website, www.stgm.com.	Yes
Principle 4: Safeguard integrity in corporate reporting
its corporate reporting.	A listed entity should have formal and rigorous processes that independently verify and safeguard the integrity of
4.1 theboardofalistedentityshould:
(a) haveanauditcommitteewhich:	TheBoardconsidersthattheCompanyisnotcurrentlyofasize,norareitsaffairsofsuch	No

	complexity to justify the formation of separate orspecial committees at this time.
(i)hasatleastthreemembers, all of whom arenon‐executivedirectorsand a majority of whomare independent directors;and	See 4.1 (a)	N/A
(ii)ischairedbyanindependent director, whoisnotthechairoftheboard,	See 4.1 (a)	N/A
and disclose:
(iii) thecharterofthecommittee;	A formal Audit and Risk Committee Charter has beenadoptedbytheCompany,whichiscontainedinSchedule 3 of the Company's Corporate GovernancePlan.	Yes
(iv) the relevant qualificationsandexperienceofthemembersofthecommittee; and	See 4.1 (a)	N/A
(v)inrelationtoeachreportingperiod,thenumberoftimesthecommitteemetthroughout the period andthe individual attendancesof the members at thosemeetings; or	See 4.1 (a)	N/A
(b)if it does not have an auditcommittee,disclosethatfact and the processes itemploysthatindependentlyverifyandsafeguard the integrity ofitscorporatereporting,including the processes fortheappointmentandremovaloftheexternalauditor and the rotation ofthe audit engagement.	TheBoardasawholeisabletoaddressthegovernanceaspectsofthefullscopeoftheCompany's activities and to ensure that it adheres toappropriate ethical standards. In particular, the fullBoard considers those matters that would usually betheresponsibilityofanauditcommitteeandanomination committee. The Board considers that, atthis stage, no efficiencies or other benefits would begained by establishing a separate audit committee ora separate nomination committee.	Yes
4.2 Theboardofalistedentityshould, before it approves theentity'sfinancialstatementsfor a financial period, receivefromitsCEOandCFOadeclarationthat,intheiropinion, the financial recordsoftheentityhavebeenproperly maintained and that	The Board will seek the relevant assurance from thechief executive officer and chief financial officer (ortheir equivalents) at the relevant time.	Yes

thefinancialstatementscomplywiththeappropriateaccounting standards and giveatrueandfairviewofthefinancialpositionandperformance of the entity andthattheopinionhasbeenformed on the basis of a soundsystemofriskmanagementand internal control which isoperating effectively.
4.3 A listed entity that has an AGMshould ensure that its externalauditor attends its AGM and isavailable to answer questionsfrom security holders relevantto the audit.	Theseniorengagementpartner(orhisrepresentative) of the Company's external auditor,StantonsInternational,attendstheCompany'sannual general meeting and is available to answerquestions from shareholders about the audit.The Chairman advises the shareholders of this at thecommencement of each annual general meeting.	Yes
Principal 5: Make timely and balanced disclosure.
	A listed entity should make timely and balanced disclosure of all matters concerning it that a reasonable person
	would expect to have a material effect on the price or value of its securities.
5.1 A listed entity should
(a) have a written policy for	The Company's Continuous Disclosure Policy, which is	Yes
complying with its continuousdisclosure obligations underthe Listing Rules; and	contained in Schedule 7 of the Company's CorporateGovernancePlan,isdesignedtoensurethecompliance with ASX Listing Rule disclosure.
(b) disclose that policy or asummary of it.	AcopyoftheCompany'sContinuousDisclosurePolicyiscontainedintheCompany'sCorporateGovernance Plan and is available on the "CorporateGovernance"pageoftheCompany'swebsite,www.stgm.com.	Yes
Principle 6: Respect the rights of security holders
facilities to allow them to exercise those rights effectively.	A listed entity should respect the rights of its security holders by providing them with appropriate information and
6.1 A listed entity should provideinformation about itself and itsgovernance to investors via itswebsite.	TheCompanyhasadoptedaShareholderCommunications Strategy, contained in Schedule 11of the Company's Corporate Governance Plan, whichaims to ensure that the shareholders of the Companyare informed of all major developments affecting theCompany's state of affairs.	Yes
6.2 A listedentity shoulddesignandimplementaninvestorrelations program to facilitateeffectivetwo‐waycommunication with investors.	Shareholdersareabletosendandreceivecommunicationsto/fromStGeorgeMiningelectronically.	Yes

6.3A listed entity should disclosethe policies and processes ithas in place to facilitate andencourageparticipationatmeetings of security holders.	Shareholdersareencouragedtoparticipateinshareholdermeetingstoensureahighlevelofaccountability and identification with the Company'sstrategies and goals. Important issues are presentedto shareholders as separate resolutions.Shareholders who are unable to attend a shareholdermeeting may vote by appointing a proxy using theform included with the Notice of Meeting. Further,shareholders are also invited to submit questions inadvanceoftheshareholdermeetingsothattheCompany can ensure those issues are addressed atthe meeting.	Yes
6.4Alistedentityshouldgivesecurity holders the option toreceivecommunicationsfrom,andsendcommunications to, the entityanditssecurityregistryelectronically.	Shareholdershavetheoptiontoreceivecommunications from, and send communications to,the Company and its share registry.	Yes
Principle 7: Recognise and manage risk
that framework.	A listed entity should establish a sound risk management framework and periodically review the effectiveness of
7.1 Theboardofalistedentityshould:
(a)haveacommitteeorcommitteestooverseerisk,each of which:	Given that the Company's stage of development, andgiven the current size and structure of the Board, theBoard has not established a separate risk committee.	No
(i) hasatleastthreemembers,amajorityofwhomareindependentdirectors; and	See 7.1 (a)	N/A
(ii) ischairedbyanindependent director,	See 7.1 (a)	N/A
and disclose
(iii)thecharterofthecommittee;	A copy of the Company's Audit and Risk CommitteeCharteriscontainedintheCompany'sCorporateGovernance Plan and is available on the "CorporateGovernance"pageoftheCompany'swebsite,www.stgm.com.	Yes
(iv)themembersofthecommittee; and	See 7.1 (a)	N/A
(v) asattheendofeachreportingperiod,thenumberoftimesthecommitteemetthroughout the period and	See 7.1 (a)	N/A

the individual attendancesof the members at thosemeetings; or
(b)if it does not have a riskcommittee or committeesthatsatisfy(a)above,disclose that fact and theprocessesitemploysforoverseeing the entity's riskmanagement framework.	TheBoardwillcarryoutthedutiesoftheriskcommittee in accordance with the formal terms ofreferencesetoutintheCompany'sCorporateGovernance Plan.	Yes
7.2 The Board or a committee ofthe board should:
(a)reviewtheentity'sriskmanagementframeworkat least annually to satisfyitself that it continues tobe sound; and	TheBoardisresponsiblefordeterminingtheCompany's"riskprofile"andisresponsibleforoverseeing and approving risk management strategyand policies, internal compliance and internal control.	Yes
(b)disclose,inrelationtoeachreportingperiod,whether such a review hastaken place.	The Board considers the entity's risk at each Boardmeeting.	Yes
7.3 A listed entity should disclose:
(a)if it has an internal auditfunction, how the functionis structured and what roleit performs; or	TheBoardconsidersthattheCompanyisnotcurrentlyofasize,norareitsaffairsofsuchcomplexitytojustifytheformationofseparateinternal audit committee.	No
(b)ifitdoesnothaveaninternalauditfunction,thatfactandtheprocessesitemploysforevaluating and continuallyimprovingtheeffectivenessofitsriskmanagement and internalcontrol processes.	See 7.3 (a)TheRiskManagementpolicy,Schedule8oftheCompany's Corporate Governance Plan, sets out theCompany'sriskmanagementreviewandinternalcompliance and control procedure.	N/A
7.4 A listed entity should disclosewhetherithasanymaterialexposuretoeconomic,environmentalandsocialsustainabilityrisksand,ifitdoes,howitmanagesorintends to manage those risks.	TheCompanyidentifiesandmanagesmaterialexposurestoeconomic,environmentalandsocialsustainability risks in a manner consistent with itsRisk Management policy set out in the CorporateGovernance Plan.	Yes
Principal 8: Remunerate fairly and responsibly
A listed entity should pay director remuneration sufficient to attract and retain high quality directors and design
its executive remuneration to attract, retain and motivate high quality senior executives and to align theirinterests with the creation of value for security holders.

8.1 Theboardofalistedentity
should:(a)have a remunerationcommittee which:	Given that the Company is in its early stages ofdevelopment and given the current size and structureoftheBoard,theBoardhasnotestablishedaseparate remuneration committee.	No
(i)has at least threemembers, a majorityof whom areindependent directors;and	See 8.1 (a)	N/A
(ii) ischairedbyanindependent director,	See 8.1 (a)	N/A
and disclose:
(iii)the charter of thecommittee;	A formal Remuneration Committee Charter has beenadoptedbytheCompany,whichiscontainedinSchedule 4 of the Company's Corporate GovernancePlan.	Yes
(iv)the members of thecommittee; and	See 8.1 (a)	N/A
(v)as at the end of eachreportingperiod,thenumber of times thecommitteemetthroughout the periodandtheindividualattendancesofthemembersatthosemeetings; or	See 8.1 (a)	N/A
(b)if it does not have aremuneration committee,disclose that fact and theprocesses it employs forsetting the level andcomposition ofremuneration for directorsand senior executives andensuring that suchremuneration isappropriate and notexcessive.	Until a Remuneration Committee is established, theBoard will carry out the duties of the RemunerationCommittee in accordance with the formal terms ofreferenceoftheRemunerationsetoutintheCompany's Corporate Governance Plan.	Yes
8.2 Alistedentityshouldseparately disclose its policiesandpracticesregardingthe	ExecutiveDirectorsremunerationpackagesmaycomprise of:•fixed salary;	Yes
remuneration of non‐executivedirectorsandthe	•performance based bonuses;•participation in any share/option scheme; and,

remunerationofexecutivedirectorsandothersenior	•statutory superannuation.
executives.	Independentnon‐executivedirectorsreceivefixeddirectors fees only, and do not participate in anyperformance‐basedremuneration.Fixeddirector'sfees may be paid in the form of cash, share options ora combination of both. Share options are issued onsimilar terms to previous issues by the entity and areconsideredtobeinlieuofcash,notbasedonperformance of the entity.
	Fullremunerationdisclosure,includingsuperannuation entitlements have been included inthe Director's Report and will be provided by theCompany in its future annual reports.
8.3 A listedentity which has anequity‐basedremunerationscheme should:
(i)have a policy on whetherparticipants are permittedto enter into transactions(whether through the useofderivativesorotherwise) which limit theeconomicriskofparticipatinginthescheme; and	The Board, in lieu of the Remuneration Committee, isresponsibleforreviewingrecommendationswithrespects to issues under the Company's EmployeeShare Plan. Directors approve issues or granted underthe plans only after being satisfied that this is inaccordance with the terms of shareholders' approval.	Yes
disclosethatpolicyora(ii)summaryofit.	Participants in the scheme must not enter into anytransaction which would have the effect of hedgingor otherwise transferring to any other person the riskof any fluctuation in the value of any unvested equityinterest.	Yes