The Audit & Risk Committee has the primary responsibility of monitoring the integrity of the financial statements of the Company and reports to the Board on significant financial reporting issues and judgments. It reviews and challenges where necessary significant accounting policies, taking into account the views of the external auditor on the financial statements. The Audit & Risk Committee meets at least three times in each financial year and has unrestricted access to the Company’s external auditors.

The Remuneration Committee determines and agrees with the Board the framework or broad policy for the remuneration of the Company’s chair (where executive) and any executive directors. The Remuneration Committee, within the terms of the agreed remuneration policy, determines the total remuneration package of the Company’s chair and each executive directors including, where appropriate, bonuses, incentive payments and share options or other share awards. The Remuneration Committee has regard to the recommendations put forward in the QCA Code and, where appropriate, the QCA Remuneration Committee Guide and associated guidance.  The Remuneration Committee meets at least two times each financial year.

The Technical, Health and Safety Committee is to assist the Board in: (i) fulfilling its oversight responsibilities for (a) estimating and disclosing mineral reserves and resources, and (b) major technical matters relating to the exploration for and exploitation of mineral reserves and resources; and (ii) obtaining assurance that appropriate systems are in place to deal with the management of health, safety, environment and community relations risks.