Slide 1: Corporate Presentation – September 2012
Corporate Presentation – September 2012 1
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) 346,715,267 shares outstanding 30 day VWAP = 5.5p (A$0.083) Market cap @ 5p p/s is £17.3m (A$0.08 p/s is A$27.7m) (559 Australian holders, 27% of stock; 743 UK holders, 53% of stock) Page 3
Slide 4: Shareholder Summary
Shareholder Summary Significant Shareholders – Tenstar Trading 19.1% DGR Global Limited (ASX:DGR) 9.6% Baker Steel 5.4% Regent Pacific Group Limited 2.5% Strongly aligned interests – Directors and management well invested Management and Directors: 17% Executive team performance share
Slide 5: Team
Team Experienced Team With Discovery Track Record and Delivery of Shareholder Growth Malcolm Norris – Managing Director and Chief Executive Officer Dr. Bruce Rohrlach – Chief Geologist Damien Lulofs – Exploration Manager Wendy Collins – Business Support Manager Complimentary and Diverse
Slide 6: Key Points
Key Points 1. Building a gold-copper discovery company. Delivering growth through discovery 2. Strong team with discovery track record 3. Cascabel gold-copper porphyry project in Ecuador. Outstanding early stage project. Drilling initially planned to commence in Q4, 2012, but this is subject to gove
Slide 7: Targets and News Flow
Targets and News Flow Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Cascabel Soil sampling Heli-magnetic survey and analysis Geological mapping Target definition and drill planning Permitting for drilling Presidential Election Drilling S UB J E C T T O P E R M IT T IN
Slide 8: SolGold Portfolio
SolGold Portfolio Ecuador Australia Solomon Islands Areas of interest for new opportunity search Page 8
Slide 9: Cascabel Project, Ecuador
Cascabel Project, Ecuador Page 9
Slide 10: Cascabel
Cascabel • 85% earn-in JV with Cornerstone Capital Resources (TSXV:CGP) • Exploration in progress; geological mapping, soil geochemistry, airborne geophysics • Social baseline survey completed • Drilling currently planned to commence in Q4, 2012, but is subject to permitting • Target >1 billion tonn
Slide 11: Cascabel
Cascabel Good access, 3 hour drive from Quito on bitumen road; 750m to 2100m asl; 75km inland Solid community support from those communities in the area of current exploration Page 11
Slide 12: Cascabel
Cascabel An outstanding opportunity A mineralised porphyry system exists at surface; significant +1% copper and +1g/t gold in surface sampling over 3km x 2km area Drilling will determine scale Gold Copper Page 12
Slide 13: Cascabel
Cascabel Quebrada Moran B vein stockwork Quebrada Alpala porphyry stockwork Page 13
Slide 14: Cascabel
Cascabel 4.86 g/t Au Cu ‘ Page 14
Slide 15: Cascabel
Cascabel | _ Outcropping Porphyry Copper-Gold Mineralisation j (CHANNEL SAMPLING) 4m @ 0.99% Cu, 3.30 g/t Au 98000 mE 3 solGold & Andesitic Lapilli Tuff i | | Andesitic Volcaniclastics EB Coarse Andesitic Volcaniclastics 4 [fl Dicrite bx Diorite with Porphyry Stockwork
Slide 16: Cascabel: Model development and target definition
Cascabel Model development and target definition Page 16
Slide 17: Cascabel
Cascabel Comparable potential scale to the 1.7 billion tonne Tujuh Bukit gold-copper deposit in Indonesia held by Intrepid Mines Cascabel Tujuh Bukit Same Scale 1.7 bill tonnes at 0.41% Cu and 0.46g/t gold; 1200m vertical extent Page 17
Slide 18: Cascabel 2012 Work Program
Cascabel 2012 Work Program • Grid coverage soil sampling commenced • Heli-magnetics and radiometrics survey to commence in mid September and cover entire concession • First pass drill planning to be completed in September • Drill permitting process has been initiated • Drilling to commence as soon a
Slide 19: About Ecuador
About Ecuador Area: 280,000km2 (slightly larger than Victoria) Population: ~14 million Currency: US$ Language: Spanish Security/safety: Manageable (e.g. better than Philippines, Colombia) Government: Presidential (Legislative, Executive, Judicial) Presidential Election: Presidential elections in Feb
Slide 20: Gold Copper, Solomon Islands
Gold Copper, Solomon Islands Fauro Project SolGold 100% - seeking JV partner Guadalcanal JV; planned divestment of project by Newmont (74%) and SolGold (26%) Page 20
Slide 21: Solomon Islands
Solomon Islands • Targeting high quality gold-copper porphyry opportunities in the Solomon Islands • Extensive database under review • Reviewing several opportunities • Established presence and team • 100% held projects e.g. Rendova early stage exploration in progress • 100% held Fauro Project – cur
Slide 22: Gold (Silver) Projects, Australia
Gold (Silver) Projects, Australia Page 22
Slide 23: Rannes
Rannes Clustered epithermal gold-silver deposits in belt ~ 25km long Current Indicated and Inferred resources of 296,700 ozs Au and 10,139,000 ozs Ag – 550,000 ozs of gold equivalent at 0.9g/t gold equivalent Targeting 2 million ounces gold equivalent Adding ounces at a cost of $18/ounce gol
Slide 24: Rannes million ounce gold equivalent target from district
Rannes 2 million ounce gold equivalent target from district Many untested prospects Prospect Status Contained Gold (ozs) Contained Silver (ozs) Crunchie Ind + Inf 87,000 7,577,000 Kauffmans Ind + Inf 153,900 2,078,000 Other Inf 55,700 455,000 TOTAL 296,700 10,139,000 550,000 ozs gold equiv. at 40:1
Slide 25: Rannes Kauffmans Prospect
Rannes Kauffmans Prospect Higher grade intercepts being delivered – KAU 139; up to 2m @ 3.84g/t gold KAU 147; up to 2m @ 6.75g/t Higher grade assays also from surface trenching Up to 1m @ 6.12g/t 2012 drilling is outside of the May 2012 resource block model, and targeting higher grade zones Page 25
Slide 26: Rannes: Kauffmans Prospect
Rannes Kauffmans Prospect Page 26
Slide 27: Rannes
Rannes 3-D Induced Polarisation geophysics completed over main Crunchie- Kauffmans district. Target definition in progress. 3-D IP coverage Surface geochem anomalies Page 27
Slide 28: Rannes
Rannes 3-D Induced Polarisation (IP) survey identifies multiple anomalies that require further testing Anomalies are being ranked once they are interpreted with other data sets Highest ranked targets will be drilled Image shows IP chargeability anomalies (red mauve), with surface location of geochem
Slide 29: Rannes – Value EV/Resource Oz
Rannes – Value EV/Resource Oz Rannes resource underpins SolGold Market Cap valuation based on median $EV/oz for ASX listed gold explorers Source: RFCAmbrian ‘The Gold Sector’, August 2012 Page 29
Slide 30: Other Queensland Projects
Other Queensland Projects JV options being considered for Normanby, Clermont, Auburn, Mt. Perry and Cracow West Will not consume funds in the next 6 months Management time will be minimized Page 30
Slide 31: SolGold Opportunities
SolGold Opportunities In the three most endowed gold-copper belts in the world – • SE Asia – Pacific • South American Andes • Tethyan Belt Ecuador Australia Areas of interest for new opportunity search Solomon Islands Page 31
Slide 32: www.solgold.com.au
www.solgold.com.au Nominated Advisor: UK Broker: RFC Corporate Finance Ltd Fairfax I. S. plc Malcolm Norris Chief Executive Officer and Managing Director Level 2, 169 Mary Street, Brisbane QLD 4000 Mobile: +61 417 956 402|Office: +61 7 3236 4869 Email: mnorris@solgold.com.au Page 32
Slide 33: Value Creation Through Discovery
Value Creation Through Discovery PEAK $2.34ps 30 fold value increase through discovery of the GFC 8cps giant Tujuh Bukit deposit Page 33
Slide 34: Appendix - Value Creation Through Discovery
Appendix - Value Creation Through Discovery Good drilling results Discovery phase regularly released LUMINA COPPER CORP. Good drilling results regularly released 11 fold increase in value through discovery of a large porphyry copper deposit in Argentina Page 34