Incorporated in Bermuda, SML Corporation Limited (SMLC), is a holding company for a mineral resource exploration group currently exploring for gold, silver and base metals in eastern Victoria, Australia.
SMLC wholly owns Synergy Metals Limited through SML Resources Limited an intermediate holding company incorporated in the British Virgin Islands. Synergy Metals Limited is incorporated in Australia.
Synergy Metals and its subsidiaries, the Synergy Metals Group, hold tenements in eastern Victoria, Australia, with four exploration licences and one mining lease covering 608 square kilometres. These include the historically significant gold mines and old workings at Glen Wills and Sunnyside which produced more than 235,000 ounces of gold from 1888 to the 1960s at grades in excess of 15 g/t.
Analysis of exploration results in the tenements to date generates combined indicated and inferred totals of 166,760 ounces of gold and 143,350 ounces of silver.