Eumeralla Resources Limited ACN 148 860 299 to be renamed Ausmex Mining Group Limited PROSPECTUS For the offer of up to 75 million shares at an issue price of $0.08 each to raise up to $6,000,000 (before costs) (public offer). The public offer is subject to a minimum subscription requirement of $4,000,000. The public offer is not underwritten. This prospectus is a re-compliance prospectus for the purposes of satisfying chapters 1 and 2 of the listing rules and to satisfy ASX requirements for reinstatement of the company’s securities to trading following a change in the nature and scale of the company’s activities. The offers made under this prospectus and the issue of securities pursuant to this prospectus are subject to and conditional on satisfaction of the offer conditions. If the offer conditions are not satisfied, no securities will be issued pursuant to this prospectus and the company will repay all money received from applicants without interest. Lead manager Solicitors to the Offers CPS Capital Group Pty Ltd Blackwall Legal LLP Level 45, 108 St Georges Terrace Level 6, 105 St Georges Terrace Perth WA 6000 Perth WA 6000 This document is important and should be read in its entirety. If after reading this prospectus you have any questions about the securities being offered under this prospectus or any other matter, then you should consult your stockbroker, accountant or other For personal use only professional advisor. The shares offered by this prospectus should be considered as highly speculative. CONTENTS 1. CORPORATE DIRECTORY ............................................................................................. 3 2. TIMETABLE ......................................................................................................................... 4 3. IMPORTANT NOTES ........................................................................................................ 5 3.1. Lodgement and timing ........................................................................................................... 5 3.2. Disclaimer ................................................................................................................................ 5 3.3. Applications ............................................................................................................................. 5 3.4. Offers conditional .................................................................................................................. 5 3.5. Electronic prospectus ............................................................................................................ 6 3.6. Forward-looking statements ................................................................................................. 6 3.7. Foreign jurisdictions ............................................................................................................... 7 3.8. Speculative investment........................................................................................................... 8 3.9. Other matters .......................................................................................................................... 8 4. LETTER FROM THE CHAIRMAN ................................................................................ 9 5. INVESTMENT SUMMARY ............................................................................................. 11 6. DETAILS OF THE OFFERS ........................................................................................... 20 6.1. The public offer .................................................................................................................... 20 6.2. ASX waivers .......................................................................................................................... 20 6.3. Minimum subscription ......................................................................................................... 21 6.4. Further offers ........................................................................................................................ 21 6.5. General meeting .................................................................................................................... 22 6.6. Re-compliance with Chapters 1 and 2 of the listing rules .............................................. 22 6.7. Issue of securities .................................................................................................................. 23 6.8. Quotation of shares .............................................................................................................. 23 6.9. Restricted securities .............................................................................................................. 23 6.10. Dividend policy ..................................................................................................................... 24 6.11. How to apply ......................................................................................................................... 24 6.12. Application monies to be held on trust ............................................................................. 25 6.13. Allocation of shares .............................................................................................................. 25 6.14. Lead manager and commissions......................................................................................... 26 6.15. Financial forecasts ................................................................................................................ 26 6.16. CHESS and issuer sponsorship .......................................................................................... 26 6.17. Privacy .................................................................................................................................... 27 6.18. Taxation ................................................................................................................................. 27 6.19. Enquiries ................................................................................................................................ 27 7. PURPOSE AND EFFECT OF THE OFFERS ............................................................ 28 7.1. Purpose of the public offer and funds allocation ............................................................ 28 7.2. Effect of the offers ............................................................................................................... 29 For personal use only 7.3. Effect on capital structure ................................................................................................... 29 8. DIRECTORS, KEY MANAGEMENT & CORPORATE GOVERNANCE ........ 30 8.1. Director profiles ................................................................................................................... 30 8.2. Directors’ interests ............................................................................................................... 32 8.3. Directors’ security holdings ................................................................................................ 32 8.4. Remuneration of directors .................................................................................................. 33 1 8.5. Key terms of agreements with directors ........................................................................... 34 8.6. Corporate governance .......................................................................................................... 34 9. COMPANY AND AUSMEX OVERVIEW .................................................................. 39 9.1. Company strategy ................................................................................................................. 39 9.2. Ausmex – business overview .............................................................................................. 40 9.3. Business model and strategy ............................................................................................... 40 9.4. Ausmex projects - Queensland ........................................................................................... 41 9.5. Ausmex projects - South Australia..................................................................................... 47 9.6. Consideration matters .......................................................................................................... 51 9.7. Management of Ausmex ...................................................................................................... 51 10. FINANCIAL INFORMATION ....................................................................................... 52 11. INVESTIGATING ACCOUNTANT’S REPORT ....................................................... 53 12. INDEPENDENT TECHNICAL REPORTS ................................................................ 72 12.1. Independent Geological Report – Cloncurry tenements................................................ 72 12.2. Tenement report – Cloncurry tenements ....................................................................... 126 12.3. Independent Technical Report – EL 5881 (South Australia) ...................................... 185 12.4. Tenement report - EL 5881 (South Australia) ............................................................... 255 13. RISK FACTORS ................................................................................................................ 281 13.1. Introduction .......................................................................................................................