SolGold PLC · AQUISUK:SOLGL
SolGold — Solomon Gold — Investor Presentation (February 2012)
24 slides from SolGold's investor presentation, February 2012
Slide 1: Solomon Gold plc
Solomon Gold plc Malcolm Norris - CEO February 2012 Rannes Project, Queensland - RC drilling
Slide 2: Disclaimer
Disclaimer These presentation slides (the “Slides”) have been issued by Solomon Gold plc (the “Company”) in relation to an update on activities by the Company. These Slides do not comprise an admission document, listing particulars or a prospectus relating to the Company, do not constitute an offer
Slide 3: Corporate Summary
Corporate Summary AIM quoted (SOLG) 284,623,489 shares outstanding Market cap @ 10p p/s is £28.4m (A$0.15 p/s is A$42.9 m) 30 day VWAP = 10.4p (A$0.155) Cash at December 2011 A$3.1m Page 3
Slide 4: Shareholder Summary
Shareholder Summary Top Shareholders – Strongly aligned interests – Tenstar Trading 19.7% Management well invested DGR Global Limited (ASX:DGR) Management and Directors: 11.1% 17.5% TD Direct Investing Nominees Executive team performance 6.5% shares (not issued) and options : Samuel
Slide 5: Solomon Gold - New Team
SOLOMON GOLD - NEW TEAM EXPERIENCED REVITALIZED TEAM WITH DISCOVERY TRACK RECORD AND DELIVERY OF SHAREHOLDER GROWTH Malcolm Norris – Managing Director and Chief Executive Officer • 23 years' experience in mineral exploration, the development of new business opportunities, and asset transactions. • F
Slide 6: Solomon Gold - Board
SOLOMON GOLD - BOARD COMPLIMENTARY AND DIVERSE BOARD WHO HAVE DELIVERED SIGNIFICANT SHAREHOLDER GROWTH Cameron Wenck – Chairman • 18 years' experience in the financial services industry. • Formerly worked for the London stockbrokers Scrimgeour Vickers and PricewaterhouseCoopers. • BComm, a Diploma o
Slide 7: Solomon Gold – Placing and Use of Funds
Solomon Gold – Placing and Use of Funds Raising A$3 million (£1.98 million) on AIM Use of funds – Progress Rannes drilling, with next resource update in early March – A$2 million Commence preliminary scoping studies (metallurgy, Whittle) – initial work A$40,000 Secure new gold-copper oppor
Slide 8: Solomon Gold - Key Points
Solomon Gold - Key Points 1. Strong revitalized team with discovery track record 2. Rannes Project, Queensland: i. Inferred resource estimate of 812,000ozs gold equivalent (gold + silver) ii. Targeting 2 million ozs Other quality gold assets in Queensland at Mt Perry, West Cracow and Normanby 3. JV
Slide 9: Resource Growth in Queensland Underwrites Value
Resource Growth in Queensland Underwrites Value • All projects 100% owned by Solomon Gold Rannes • Current Inferred resource Mt Perry • Drill targets being defined Normanby • Pre-drilling surveys completed West Cracow • Encouraging early stage work Page 9
Slide 10: Rannes - Value Creation
Rannes - Value Creation Current inferred resource of 486,935 ozs Au and 13,014,294 ozs Ag - 812,307 ozs of gold equivalent Adding ounces at a cost of A$8 - 14/oz (global industry average $26/oz) Ounces start at surface and exploration has only tested the top ~200m at two prospects. More discov
Slide 11: Rannes – Inferred Resource Statement
Rannes – Inferred Resource Statement Cut-Off Tonnage Au Equiv. Au Ag Contained Contained Contained Au Equiv. Au Equiv. Au Ag g/t Mt g/t g/t g/t oz oz oz Gold : Silver :: 40 : 1 0.30 25.5 1.0 0.6 15.9 812,307 486,935 13,014,294 0.40 20.1 1.2 0.7 19.1 756,644 446,102 12,354,932 0.50 16.4 1.3 0.8 22.1
Slide 12: Rannes - Future Value Potential
Rannes - Future Value Potential Targeting 2 million ozs Delivery of this target and a $70/resource oz multiple would imply a valuation of A$140m for Rannes. Based on Solomon Gold’s current shares on issue, would imply a valuation of 49c/32p per share Grow the Resource Add Grade Move to Fea
Slide 13: Rannes – Large System
Rannes – Large System Kauffmans; 326,111 ozs Au + 3,511,960 ozs Ag (416,418 ozs gold equivalent) and growing Intrusive Tertiary cover Crunchie; 106,066 ozs Au + 9,280,756 ozs Ag (335,875 ozs gold equivalent) and growing Numerous other Intrusive prospects within Bowen Basin 30km long strike sedimenta
Slide 14: Rannes – Immediate Upside
Rannes – Immediate Upside N Background image gold in soils Page 14
Slide 15: Rannes - Favorable Geometry
Rannes - Favorable Geometry Page 15
Slide 16: And District Upside Significant
And District Upside Significant • Exploration program to be completed comprising – • Additional soil sampling coverage • Additional geophysics (SAM) • Structural interpretation • Drilling across all anomalies KAUFFMANS CRUNCHIE Images showing extent of soil geochemistry on tenements (above) and gold
Slide 17: Solomon Islands Projects
Solomon Islands Projects Panguna Exploring for world class Gold and Copper-Gold deposits Solomon Gold Gold Ridge Page 17
Slide 18: Guadalcanal JV - Newmont
Guadalcanal JV - Newmont Several project areas - Sutakiki The main focus for 2012 is Sutakiki porphyry gold-copper project Encouraging historical results in several holes from Solomon Gold drilling in 2007 SKK001 • SK001 354m @ 0.5g/t Au, SK001 0.13% Cu OPEN OPEN TARGETS FOR Recent further encouragi
Slide 19: Fauro Project
Fauro Project Lihir and Porphyry Panguna Fauro Project style gold and gold- 100% Solomon Gold copper targets Encouraging historical results from surface sampling and drilling at several prospects Drilling currently on stand-by while all data is Solomon Gold Gold Ridge reviewed Page 19
Slide 20: Fauro– Meriguna Prospect
Fauro– Meriguna Prospect Good oxide gold results; further investigation justified Surface rock chip samples (2010) assaying up to 173 g/t gold (41% of 215 samples returned assays of >0.5g/t Au) Reconnaissance exploration Three drill holes completed Drill Hole Prospect name From (m) To (m) Interv
Slide 21: Fauro– Ballyorlo Prospect
Fauro– Ballyorlo Prospect Intersected gold mineralized intrusive breccia system Coincident copper-gold anomalism in surface sampling, and magnetic and EM targets Review for next phase of work Reconnaissance Three drill holes exploration underway completed 157m at 0.42 g/t gold needs follow-u
Slide 22: Existing Projects and New Opportunities
Existing Projects and New Opportunities Existing • CA signed over gold Projects project in Mexico • CAs signed over 2 copper-gold projects in South America • CAs signed over 2 gold-copper • Assessment of projects in PNG opportunities in • Assessment of opportunities in Colombia Philippines • Review
Slide 23: Summary
Summary 1. Solomon Gold has a strong revitalized management team with a discovery track record. Our aim is to repeat this and deliver significant shareholder growth. 2. The Rannes gold-silver Project in Queensland underpins value and will continue to grow. It provides optionality for future project
Slide 24: www.solomongold.com
www.solomongold.com Nominated Advisor: Broker: RFC Corporate Finance Ltd Fairfax I. S. plc Page 24