Corporate Governance

Code of Conduct

Communication with Shareholders

Policy on Securities Trading

Corporate Governance Board Charter

Risk Management

Continuous Disclosure

Audit Committee Charter

Remuneration Committee Charter

Western Metals strives to create shareholder wealth through establishing a successful company built on solid foundations underpinned by a work ethic committed to the highest level of corporate governance, social and environmental responsibility and demonstrating sound business practice.

CORPORATE POLICIES

Environmental
Western Metals is committed to sustainable development, ensuring that all exploration activities and mining operations have an environmental focus to minimise ecosystem disturbance and degradation.

Western Metals care for and value our environment and advocate pollution reduction. We aim to reduce waste, recycle, minimise water wastage and maintain an acute awareness of the by-products of our operations. We promote these policies internally, ensuring that all Western Metals employees and contractors recognise the value of the environments in which they work.

Western Metals appreciate environmental heritage and believe in protecting this heritage for the enjoyment of future generations. We view environmental protection as one of our core responsibilities and take care to ensure the best approach is taken to this end.

Western Metals aims to minimise any potential adverse environmental impacts from our exploration activities and future mining operations. Rehabilitation is a key part of our environmental harm minimisation strategy. We re-establish sustainable ecosystems in any disturbed areas, as part of this process.

GEORGE BAUK
MANAGING DIRECTOR
15 September 2006



Occupational Health and Safety

At Western Metals our first priority is the health and safety of our employees, contractors and the communities in which we operate. Our best practice health and safety policies are central to our operations and engender confidence in our employees, contractors, the community and investors.

Western Metals believes that all workplace accidents and injuries are preventable and have implemented risk assessment systems to identify and manage hazards. Our employees actively participate in the identification and elimination of hazards.

Western Metals supply and use safe and reliable products and services and provide leadership and education programs to ensure that employees and contractors work safely. We use personal protective equipment where needed and maintain these items in good order.

Western Metals are proud of our health and safety track record and will continue to pursue and improve our systems and processes to achieve an incident-free workplace. We aim to maintain our harm minimisation policies and will remain accountable to our employees and the community.

GEORGE BAUK
MANAGING DIRECTOR
15 September 2006



Community Relations

Western Metals conducts its operations to benefit its shareholders, employees and the people within the wider community who are affected by the company’s activities.

Western Metals believe that our activities should be mutually beneficial to nearby communities and, as a community conscious organisation we aim to work closely with local communities to add value to our operations and the community itself.

Western Metals value the relationships we build with the communities in which we operate and believe this to be an important component to building the success of our company.

Western Metals are committed to open and meaningful communication with all internal and external stakeholders and endeavour to effectively respond to any and all community concerns. We are fully supportive of community initiatives and aim to participate as a member of the community.

Above all else, we recognise and respect the culture, values and traditions of the communities in which we operate.

GEORGE BAUK
MANAGING DIRECTOR
15 September 2006



Indigenous Relations Policies

Western Metals is committed to engaging and building cooperative relationships with indigenous communities and their representatives.

Western Metals embrace cultural diversity and indigenous rights and will actively consult with traditional landowners and relevant land councils about our operational intentions, to ensure that we maintain the integrity and respect of their cultural heritage.

Western Metals exploration activities and future operations may occur in areas of cultural significance that are important to protect. Western Metals is committed to collaborating with all indigenous communities to identify and protect these areas.

It is the Company’s policy to respect the rights of traditional land owners and to establish and maintain positive, effective and meaningful communication with these people. We engage with relevant indigenous groups on sustainable community projects and develop tailored indigenous awareness programs for our staff.

GEORGE BAUK
MANAGING DIRECTOR
15 September 2006