Stock Ownership Guidelines 
Ownership of our stock by our executives aligns their interests with the interests of our shareholders. Accordingly, the Boar d of 
Directors maintains stock ownership guidelines for certain key executive officers. The applicable level of ownership is required to 
be achieved within five years of the later of the date these guidelines were adopted or the date the person first became an 
executive officer and is based on the executive’ s salary at the time these guidelines were adopted  or date person first became 
subject to guidelines. The net shares acquired through incentive compensation plans (through the exercise of stock options, or 
the vesting of RSUs or performance shares) must be retained if the executive has not satisfied his or her targeted ownership. An 
executive’s failure to meet the stock ownership guidelines may influence an executive’s future mix of cash and non -cash 
compensation awarded by the Committee. Executives are not permitted to pledge their shares or invest in der ivatives involving 
Company shares. Ownership is reviewed at least annually when compensation decisions are made. 
Officer Title Share Ownership as Multiple of Base Pay 
Managing Director and Chief Executive Officer Five times annual base salary 
Remaining Executive Officers Two and a half times annual base salary 
 
The following table shows share ownership as a multiple of base pay as at 31 December 2014, based on the Company’s 
weighted average closing stock pricing of $0.95, calculated at the weighted average closing stock price translated into USD by 
multiplying by a weighted average FX rate (per the Reserve Bank of Australia), during the 2014 fiscal year.  
 
 
Name 
 
 
Title 
Base Salary at 
Commencement 
Date 
 
Shares Owned as at 
31 December 2014 
 
Estimated Value of 
Share Ownership 
 
Times Base 
Salary 
E. McCrady MD/CEO $275,000 1,908,581 $1,813,152 6.6 
C. Anderson CFO $225,000 275,370 $261,601 1.2 
G. Ford VP of Exploration 
and Development 
$230,000 376,403 $357,583 1.6 
 
Claw Back Provisions 
The Board, in its sole discretion, shall reserve the right to claw back any incentive awards issued if any of the following conditions 
apply: 
• The Company’s financial statements are required to be restated due to material non -compliance with any financial 
reporting requirements under the federal securities laws (other than a restatement due to a change in accounting rules); 
and 
o As a result of such restatement, a performance measure which was a material factor in determining the award 
is restated, and 
o In the discretion of the Board, a lower payment would have been made to the executive officer based upon the 
restated financial results; 
• Should it subsequently be found that the information or assumptions are materially erroneous; 
• In the event that there is evidence of fraud by any employee  resulting in material adverse change in the Company’s 
financial statements; 
• In the event that there is a material adverse change in the circumstances of the Company.  
 
E. Remuneration Policy and Framework 
The Remuneration and Nominations Committee 
The Remuneration and Nominations Committee makes recommendations to our board of directors in relation to total 
remuneration of directors and executives and reviews their remuneration annually. The Committee members are all independent 
directors, and independent external advice is sought when required.  
Remuneration Consultant 
Given the unique structure of being traded on the ASX but having a U.S. -based management team and operations, the 
Remuneration and Nominations Committee retained Meridian Compensation Partners, LLC (Meridian) as its independent 
remuneration consultant for the 2014 fiscal year. Meridian was  retained to provide executive and director remuneration 
consulting services to the Committee, including advice regarding the design and implementation of remuneration programs that