SA METALS LIMITED Company Reports - Other Fri, 3 Jul 2009 17:52:00 +1000       8 months, 2 weeks ago

3 July 2009 The Companies Officer ASX Limited Exchange Plaza 2 The Esplanade PERTH WA 6000 Dear Sir Sylvania Resources Limited - Off-market takeover bid for SA Metals Limited In accordance with item 5 of section 633(1) of the Corporations Act 2001 (Cth), please find enclosed a bidder's statement and offer document in respect of an offer by Sylvania Resources Limited ACN 091 415 968 for all of the ordinary shares in SA Metals Limited ACN 093 178 388. A copy of the bidder's statement and offer has been lodged with ASIC and sent to SA Metals Limited. Yours faithfully Sylvania Resources Limited _______________________ Grant Button Director/Joint Company Secretary Enclosure Directors: R Rossiter (Chairman) · TM McConnachie (Managing Director) · LM Carroll · G Button · A Ruiters T e l : +61 8 9226 4777 · Fax: + 61 8 9481 5044 Co m p a ny S e c re ta ri e s : G B u t t o n · L M C a r r o l l Add r e s s : L e vel 4 · 28- 42 Ven t n o r Avenue · Wes t Per th WA 6005 · PO B o x 1346 · W e s t Pe rth W A 6872 · A us tra l i a w ww.

s y l v a ni aresou rces.com A BN 80 09 1 4 1 5 9 6 8 ACN 091 415 968 Bidder's Statement to acquire all of your fully paid ordinary shares in SA METALS LIMITED ACN 093 178 388 If you accept the Offer, you will receive 1 Sylvania Share for every 10 of your SA Metals Shares The Offer is available for acceptance from [●] July 2009 and will expire at 5.00 pm (WST) on [●] August 2009 unless withdrawn or extended. This is an important document and requires your immediate attention. If you are in doubt as to how to deal with this document, you should consult your legal, financial or other professional adviser immediately.

Legal Adviser to Sylvania Financial Adviser to Sylvania Contents IMPORTANT INFORMATION.......................................................................................................ii SUMMARY OF KEY INFORMATION ...........................................................................................v LETTER FROM THE CHAIRMAN ...............................................................................................vi WHY YOU SHOULD ACCEPT THE OFFER .............................................................................viii 1. 2. 3.

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Summary of the Offer ................................................................................................14 Frequently asked questions .....................................................................................17 Information on the ....