STRIKE RESOURCES LIMITED — Governance Information 2017

Oct 16, 2017

Rules 4.7.3 and 4.10.3[1]

ASX APPENDIX 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Name of entity

STRIKE RESOURCES LIMITED ABN/ARBN Financial year ended 94 088 488 724 30 June 2017

Our Corporate Governance Statement[2] ( CGS ) for the above period above can be found at:[3]

• ☐ These pages of our annual report: Not Applicable

• This URL on our website: http://strikeresources.com.au/corporate/corporate-governance/

The Corporate Governance Statement is accurate and up to date as at 17 October 2017 and has been approved by the Board.

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

Date: 17 October 2017

Name of Director or Secretary authorising lodgement:

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Victor Ho Director and Company Secretary

• 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. You can, if you wish, delete the option which is not applicable.

• Throughout this form, where you are given two or more options to select, you can, if you wish, delete any option which is not applicable and just retain the option that is applicable. If you select an option that includes “OR” at the end of the selection and you delete the other options, you can also, if you wish, delete the “OR” at the end of the selection.

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KEY TO CORPORATE GOVERNANCE DISCLOSURES

STRIKE RESOURCES LIMITED A.B.N. 94 088 488 724

ANNEXURE - KEY TO CORPORATE GOVERNANCE DISCLOSURES

Corporate Governance Council recommendation	Corporate Governance Council recommendation	We have followed the recommendation in full for the whole of the period above. We have disclosed …	We haveNOT followed the recommendation in full for the whole of the period above. We have disclosed …
PRINCIPLE 1 – LAY SOLID FOUNDATIONS FOR MANAGEMENT AND OVERSIGHT
1.1	A listed entity should disclose: (a) the respective roles and responsibilities of its board and management; and (b) those matters expressly reserved to the board and those delegated to management.	… the fact that we follow this recommendation:  in our Corporate Governance Statement at Section 1.1 of CGS …and information about the respective roles and responsibilities of our board and management (including those matters expressly reserved to the board and those delegated to management): at Sections 1.1.1 and 1.1.2	Not Applicable
1.2	A listed entity should: (a) undertake appropriate checks before appointing a person, or putting forward to security holders a candidate for election, as a director; and (b) provide security holders with all material information in its possession relevant to a decision on whether or not to elect or re-elect a director.	… the fact that we follow this recommendation:  in our Corporate Governance Statement at Section 1.2	Not Applicable
1.3	A listed entity should have a written agreement with each director and senior executive setting out the terms of their appointment.	Not Applicable	 an explanation why that is so in our Corporate Governance Statement at Section 1.3
1.4	The company secretary of a listed entity should be accountable directly to the board, through the chair, on all matters to do with the proper functioning of the board.	… the fact that we follow this recommendation:  in our Corporate Governance Statement at Section 1.4	Not Applicable
1.5	A listed entity should: (a) have a diversity policy which includes requirements for the board or a relevant committee of the board to set measurable objectives for achieving gender diversity and to assess annually both the objectives and the entity’s progress in achieving them; (b) disclose that policy or a summary of it; and (c) disclose as at the end of each reporting period the measurable objectives for achieving gender diversity set by the board or a relevant committee of the board in accordance with the entity’s diversity policy and its progress towards achieving them and either: (1) the respective proportions of men and women on the board, in senior executive positions and across the whole organisation (including how the entity has defined “senior executive” for these purposes); or (2) if the entity is a “relevant employer” under the Workplace Gender Equality Act, the entity’s most recent “Gender Equality Indicators”, as defined in and published under that Act.	… the fact that we have a diversity policy that complies with paragraph (a): Not Applicable … and the measurable objectives for achieving gender diversity set by the board or a relevant committee of the board in accordance with our diversity policy and our progress towards achieving them: Not Applicable … and the information referred to in paragraphs (c)(1) or (2):  in our Corporate Governance Statement at Section 1.5	 an explanation why that is so in our Corporate Governance Statement at Section 1.5

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KEY TO CORPORATE GOVERNANCE DISCLOSURES

STRIKE RESOURCES LIMITED A.B.N. 94 088 488 724

Corporate Governance Council recommendation	Corporate Governance Council recommendation	We have followed the recommendation in full for the whole of the period above. We have disclosed …	We haveNOT followed the recommendation in full for the whole of the period above. We have disclosed …
1.6	A listed entity should: (a) have and disclose a process for periodically evaluating the performance of the board, its committees and individual directors; and (b) disclose, in relation to each reporting period, whether a performance evaluation was undertaken in the reporting period in accordance with that process.	… the evaluation process referred to in paragraph (a): … and the information referred to in paragraph (b):  in our Corporate Governance Statement at Section 1.6	Not Applicable
1.7	A listed entity should: (a) have and disclose a process for periodically evaluating the performance of its senior executives; and (b) disclose, in relation to each reporting period, whether a performance evaluation was undertaken in the reporting period in accordance with that process.	… the evaluation process referred to in paragraph (a): … and the information referred to in paragraph (b):  in our Corporate Governance Statement at Section 1.7	Not Applicable
PRINCIPLE 2 - STRUCTURE THE BOARD TO ADD VALUE
2.1	The board of a listed entity should: (a) have a nomination committee which: (1) has at least three members, a majority of whom are independent directors; and (2) is chaired by an independent director, and disclose: (3) the charter of the committee; (4) the members of the committee; and (5) as at the end of each reporting period, the number of times the committee met throughout the period and the individual attendances of the members at those meetings; or (b) if it does not have a nomination committee, disclose that fact and the processes it employs to address board succession issues and to ensure that the board has the appropriate balance of skills, knowledge, experience, independence and diversity to enable it to discharge its duties and responsibilities effectively.	If the entity complies with paragraph (a): … the fact that we have a nomination committee that, as regards paragraph (1), has three members but does not have an independent majority and complies with paragraph (2):  in our Corporate Governance Statement at Section 2.2 … and a copy of theCharter of the Committee:  at this location: http://strikeresources.com.au/corporate/corporate- governance/ … and the information referred to in paragraphs (4) and (5):  in our Corporate Governance Statement at Section 2.2 and 2017 Annual Report (page 9) If the entity complies with paragraph (b): … the fact that we do not have a nomination committee and the processes we employ to address board succession issues and to ensure that the board has the appropriate balance of skills, knowledge, experience, independence and diversity to enable it to discharge its duties and responsibilities effectively: NotApplicable	 an explanation why the nomination committee does not have an independent majority is in our Corporate Governance Statement at Section 2.2 refer also Remuneration and Nomination Committee Charter
2.2	A listed entity should have and disclose a board skills matrix setting out the mix of skills and diversity that the board currently has or is looking to achieve in its membership.	… our board skills matrix:  in our Corporate Governance Statement at Section 2.3	Not Applicable
2.3	A listed entity should disclose: (a) the names of the directors considered by the board to be independent directors; (b) if a director has an interest, position, association or relationship of the type described in Box 2.3 but the board is of the opinion that it does not compromise the independence of the director, the nature of the interest, position,	… the names of the directors considered by the board to be independent directors:  in our Corporate Governance Statement at Section 2.7 … and where applicable, the information referred to in paragraph (b): Not Applicable …and thelengthofservice ofeachdirector:	Not Applicable

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KEY TO CORPORATE GOVERNANCE DISCLOSURES

STRIKE RESOURCES LIMITED A.B.N. 94 088 488 724

Corporate Governance Council recommendation	Corporate Governance Council recommendation	We have followed the recommendation in full for the whole of the period above. We have disclosed …	We haveNOT followed the recommendation in full for the whole of the period above. We have disclosed …
	association or relationship in question and an explanation of why the board is of that opinion; and (c) the length of service of each director.	 in our Corporate Governance Statement at Sections 1.3 and 2.4 to 2.7
2.4	A majority of the board of a listed entity should be independent directors.	… the fact that we follow this recommendation: Not Applicable	 an explanation why that is so in our Corporate Governance Statement at Sections 2.1 and 2.7
2.5	The chair of the board of a listed entity should be an independent director and, in particular, should not be the same person as the CEO of the entity.	… the fact that the chair of the board should be an independent director: Not Applicable … the fact that the chair should not be the same person as the CEO (equivalent)  in our Corporate Governance Statement at Sections 2.4, 2.5 and 2.7	 an explanation why the chair of the board is not an independent director at Sections 2.4 and 2.7
2.6	A listed entity should have a program for inducting new directors and provide appropriate professional development opportunities for directors to develop and maintain the skills and knowledge needed to perform their role as directors effectively.	… the fact that we follow this recommendation:  in our Corporate Governance Statement at Section 2.8	Not Applicable
PRINCIPLE 3 – ACT ETHICALLY AND RESPONSIBLY
3.1	A listed entity should: (a) have a code of conduct for its directors, senior executives and employees; and (b) disclose that code or a summary of it.	… our code of conductor a summary of it:  in our Corporate Governance Statement at Section 3.1 and at this location: http://strikeresources.com.au/corporate/corporate- governance/	Not Applicable
PRINCIPLE 4 – SAFEGUARD INTEGRITY IN CORPORATE REPORTING
4.1	The board of a listed entity should: (a) have an audit committee which: (1) has at least three members, all of whom are non-executive directors and a majority of whom are independent directors; and (2) is chaired by an independent director, who is not the chair of the board, and disclose: (3) the charter of the committee; (4) the relevant qualifications and experience of the members of the committee; and (5) in relation to each reporting period, the number of times the committee met throughout the period and the individual attendances of the members at those meetings; or (b) if it does not have an audit committee, disclose that fact and the processes it employs that independently verify and safeguard the integrity of its corporate reporting, including the processes for the appointment and removal of the	If the entity complies with paragraph (a): … the fact that we have an audit committee that, as regards paragraph (1), has three members but does not have an independent majority and complies with paragraph (2):  in our Corporate Governance Statement … and a copy of the charter of the committee:  at this location: http://strikeresources.com.au/corporate/corporate- governance/ … and the information referred to in paragraphs (4) and (5):  at this location: at Section 4.1 and 2017 Annual Report (pages 5 to 9)	 an explanation why the audit committee does not have an independent majority is in our Corporate Governance Statement at Section 4.1 refer also Audit Committee Charter

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KEY TO CORPORATE GOVERNANCE DISCLOSURES

STRIKE RESOURCES LIMITED A.B.N. 94 088 488 724

Corporate Governance Council recommendation	Corporate Governance Council recommendation	We have followed the recommendation in full for the whole of the period above. We have disclosed …	We haveNOT followed the recommendation in full for the whole of the period above. We have disclosed …
	external auditor and the rotation of the audit engagement partner.	If the entity complies with paragraph (b): … the fact that we do not have an audit committee and the processes we employ that independently verify and safeguard the integrity of our corporate reporting, including the processes for the appointment and removal of the external auditor and the rotation of the audit engagement partner: NotApplicable
4.2	The board of a listed entity should, before it approves the entity’s financial statements for a financial period, receive from its CEO and CFO a declaration that, in their opinion, the financial records of the entity have been properly maintained and that the financial statements comply with the appropriate accounting standards and give a true and fair view of the financial position and performance of the entity and that the opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.	… the fact that we follow this recommendation:  in our Corporate Governance Statement at Section 4.2	Not Applicable
4.3	A listed entity that has an AGM should ensure that its external auditor attends its AGM and is available to answer questions from security holders relevant to the audit.	… the fact that we follow this recommendation:  in our Corporate Governance Statement at Sections 4.3	Not Applicable
PRINCIPLE 5 – MAKE TIMELY AND BALANCED DISCLOSURE
5.1	A listed entity should: (a) have a written policy for complying with its continuous disclosure obligations under the Listing Rules; and (b) disclose that policy or a summary of it.	… our continuous disclosure compliance policy or summary of it:  in our Corporate Governance Statement at Section 5.1	a Not Applicable
PRINCIPLE 6 – RESPECT THE RIGHTS OF SECURITY HOLDERS
6.1	A listed entity should provide information about itself and its governance to investors via its website.	… information about us and our governance on our website:  at these locations: at Section 6.1 and at these locations: http://strikeresources.com.au/ http://strikeresources.com.au/corporate/corporate- profile/ http://strikeresources.com.au/corporate/corporate- governance/	Not Applicable
6.2	A listed entity should design and implement an investor relations program to facilitate effective two-way communication with investors.	… the fact that we follow this recommendation:  in our Corporate Governance Statement at Section 6.2	Not Applicable
6.3	A listed entity should disclose the policies and processes it has in place to facilitate and encourage participation at meetings of security holders.	… our policies and processes for facilitating and encouraging participation at meetings of security holders:  in our Corporate Governance Statement at Section 6.3	Not Applicable
6.4	A listed entity should give security holders the option to receive communications from, and send communications to, the entity and its security registry electronically.	… the fact that we follow this recommendation:  in our Corporate Governance Statement at Section 6.4	Not Applicable

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KEY TO CORPORATE GOVERNANCE DISCLOSURES

STRIKE RESOURCES LIMITED A.B.N. 94 088 488 724

Corporate Governance Council recommendation	Corporate Governance Council recommendation	We have followed the recommendation in full for the whole of the period above. We have disclosed …	We haveNOT followed the recommendation in full for the whole of the period above. We have disclosed …
PRINCIPLE 7 – RECOGNISE AND MANAGE RISK
7.1	The board of a listed entity should: (a) have a committee or committees to oversee risk, each of which: (1) has at least three members, a majority of whom are independent directors; and (2) is chaired by an independent director, and disclose: (3) the charter of the committee; (4) the members of the committee; and (5) as at the end of each reporting period, the number of times the committee met throughout the period and the individual attendances of the members at those meetings; or (b) if it does not have a risk committee or committees that satisfy (a) above, disclose that fact and the processes it employs for overseeing the entity’s risk management framework.	If the entity complies with paragraph (a): … the fact that we have a committee or committees to oversee risk that comply with paragraphs (1) and (2): Not Applicable … and a copy of the charter of the committee: Not Applicable … and the information referred to in paragraphs (4) and (5): Not Applicable If the entity complies with paragraph (b): … the fact that we do not have a risk committee or committees that satisfy (a) and the processes we employ for overseeing our risk management framework:  in our Corporate Governance Statement at Section 7.1	 an explanation why that is so in our Corporate Governance Statement at Section 7.1 refer also: Audit Committee Charter
7.2	The board or a committee of the board should: (a) review the entity’s risk management framework at least annually to satisfy itself that it continues to be sound; and (b) disclose, in relation to each reporting period, whether such a review has taken place.	… the fact that board or a committee of the board reviews the entity’s risk management framework at least annually to satisfy itself that it continues to be sound: Not Applicable … and that such a review has taken place in the reporting period covered by this Appendix 4G: NotApplicable	 an explanation why that is so in our Corporate Governance Statement at Section 7.1
7.3	A listed entity should disclose: (a) if it has an internal audit function, how the function is structured and what role it performs; or (b) if it does not have an internal audit function, that fact and the processes it employs for evaluating and continually improving the effectiveness of its risk management and internal control processes.	If the entity complies with paragraph (a): … how our internal audit function is structured and what role it performs: Not Applicable If the entity complies with paragraph (b): … the fact that we do not have an internal audit function and the processes we employ for evaluating and continually improving the effectiveness of our risk management and internal control processes:  in our Corporate Governance Statement at Section 7.3	 an explanation why that is so in our Corporate Governance Statement at Section 7.3
7.4	A listed entity should disclose whether it has any material exposure to economic, environmental and social sustainability risks and, if it does, how it manages or intends to manage those risks.	… whether we have any material exposure to economic, environmental and social sustainability risks and, if we do, how we manage or intend to manage those risks:  in our Corporate Governance Statement at Section 7.2	Not Applicable

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KEY TO CORPORATE GOVERNANCE DISCLOSURES

STRIKE RESOURCES LIMITED A.B.N. 94 088 488 724

Corporate Governance Council recommendation	Corporate Governance Council recommendation	We have followed the recommendation in full for the whole of the period above. We have disclosed …	We haveNOT followed the recommendation in full for the whole of the period above. We have disclosed …
PRINCIPLE 8 – REMUNERATE FAIRLY AND RESPONSIBLY
8.1	The board of a listed entity should: (a) have a remuneration committee which: (1) has at least three members, a majority of whom are independent directors; and (2) is chaired by an independent director, and disclose: (3) the charter of the committee; (4) the members of the committee; and (5) as at the end of each reporting period, the number of times the committee met throughout the period and the individual attendances of the members at those meetings; or (b) if it does not have a remuneration committee, disclose that fact and the processes it employs for setting the level and composition of remuneration for directors and senior executives and ensuring that such remuneration is appropriate and not excessive.	If the entity complies with paragraph (a): … the fact that we have a remuneration committee that, as regards paragraph (1), has three members, does not have an independent majority and does not comply with paragraph (2):  in our Corporate Governance Statement at Section 8.1 … and a copy of thecharter of the committee:  at this location: http://strikeresources.com.au/corporate/corporate- governance/ … and the information referred to in paragraphs (4) and (5):  in our Corporate Governance Statement at Section 8.1 and in the 2017 Annual Report (at page 8) If the entity complies with paragraph (b): … the fact that we do not have a remuneration committee and the processes we employ for setting the level and composition of remuneration for directors and senior executives and ensuring that such remuneration is appropriate and not excessive: Not Applicable	 an explanation why the remuneration committee does not have an independent chair or an independent majority is in our Corporate Governance Statement at Section 8.1 refer also Remuneration and Nomination Committee Charter
8.2	A listed entity should separately disclose its policies and practices regarding the remuneration of non-executive directors and the remuneration of executive directors and other senior executives.	… separately our remuneration policies and practices regarding the remuneration of non- executive directors and the remuneration of executive directors and other senior executives:  in our Corporate Governance Statement at Section 8.2 and in the Remuneration Report within the 2017 Annual Report (at pages 9 to 13)	Not Applicable
8.3	A listed entity which has an equity-based remuneration scheme should: (a) have a policy on whether participants are permitted to enter into transactions (whether through the use of derivatives or otherwise) which limit the economic risk of participating in the scheme; and (b) disclose that policy or a summary of it.	… our policy on this issue or a summary of it:  in our Corporate Governance Statement at Section 8.3 andShare Trading Policy at http://strikeresources.com.au/corporate/corporate- governance/	Not Applicable

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