Investor Presentaiton

Amursk POX Facility • ⚫ Capex $US110 million • Concentrate capacity 250 ktpa • Sulfide sulfur capacity • Opex 26 ktpa Concentrate preparation 35-70$/t of concentrate (depending on sulfur grade) Oxygen plant 02 Pre-oxidation POX autoclave oxidation CCD Washing EW of pregnant solution CIP processing Dore Dry-stack tailing Status: • Engineering complete (SNC Lavalin) • All major equipment contracted • • Earthworks commenced 35Kw power line, gas main, water supply construction started © 2009 Polymetal Neutralization 199 19

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