Speciality Metals International Limited Annual Report 2019

Page | 1 CONTENTS CONTENTS....................................................................................................................................................................... 1 CHAIRMAN’S REPORT.................................................................................................................................................... 2 REVIEW OF OPERATIONS ............................................................................................................................................. 3 TENEMENT SCHEDULE................................................................................................................................................ 11 MINERAL RESOURCES AND ORE RESERVES STATEMENT ................................................................................... 12 DIRECTORS’ REPORT .................................................................................................................................................. 20 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME......................... 31 CONSOLIDATED STATEMENT OF FINANCIAL POSITION......................................................................................... 32 CONSOLIDATED STATEMENT OF CASH FLOWS ...................................................................................................... 33 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY......................................................................................... 34 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS................................................................................... 35 DIRECTORS’ DECLARATION........................................................................................................................................ 56 AUDITOR’S INDEPENDENCE DECLARATION ............................................................................................................ 57 INDEPENDENT AUDITOR’S REPORT .......................................................................................................................... 58 SHAREHOLDER INFORMATION................................................................................................................................... 61