SolGold PLC · AQUISUK:SOLGL
SolGold — Investor Presentation (February 2014)
45 slides from SolGold's investor presentation, February 2014
Slide 1: Emerging World-Class Copper Gold Discovery
Emerging World-Class Copper Gold discovery February 2014 1
Slide 2: Importance Notice & Disclaimer
Importance Notice & Disclaimer These presentation slides (the “Slides”) have been issued by SolGold 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 const
Slide 3: Corporate Snapshot
Corporate Snapshot •AIM quoted (SOLG:LN): 8.4p •Shares on issue: 603.895m •Options: 3.0m @ 6p, 8.0m @ 14p, 11.0m @ 28p & 19.61m @ 50p •Market cap: £50.7 m •Sept ’13 placement @ 7.5p: £3.7m •Well funded Substantial Shareholders •Good liquidity Tenstar Trading 14.1% •Board/management well invested Dir
Slide 4: Value Creation Through Discovery
Value Creation Through Discovery Tujuh Bukit delivered A$1Bn Market Cap for A$90M Expenditure 5 6 1 2,3 4 Page 4
Slide 5: Board and Management
Board and Management Experienced Team with Discovery Track Record and Delivery of Shareholder Growth Alan Martin Dr. Bruce Rohrlach Chief Executive Officer & Managing Director General Manager - Exploration •Canadian, geologist for Delta Gold in 1980’s • 25 years in Australia, Philippines, •20 yrs in
Slide 6: Cascabel: Revised Agreement, SolGold Earns More, For Less, More Secure
Cascabel: Revised Agreement, SolGold Earns More, For Less, More Secure Revised Joint Venture Agreement Expenditure $2.5m Placements $1.4m ($1.15m paid, $0.25m remaining) Project interest earned 85% (20% +10% +20% + 35%) + $0.5m in SolGold shares to Cornerstone SolGold currently owns 50% of ENSA Shar
Slide 7: World-Class Giant Copper Gold Porphyry Potential
World-Class Giant Copper Gold Porphyry Potential WHY IS IT THERE? Andean Copper Trend is the world’s richest – Escondida, El Cobre etc Thick oceanic ridges enhance the metal contents in porphyries WHY IS IT AVAILABLE TO US? Ecuador is under explored – existing majors, Codelco & Tongling Nonfer
Slide 8: Cascabel: Low Elevation, Close to Power, Port & Major Highway
Cascabel: Low Elevation, Close to Power, Port & Major Highway • 3 hour drive from Quito; • Elevation 900 to 2100m; • 150km from the deep water port of Esmeraldas. Cascabel Page 8
Slide 9: Cascabel: In The Company Of Giants
Cascabel: In The Company Of Giants Sphere size denotes Page 9 contained Cu (mt)
Slide 10: Miocene and Jurassic Metallogenic Belts of Ecuador
Miocene and Jurassic Metallogenic Belts of Ecuador Junin: 982mt @ 0.89% Cu 0.04% Mo Mirador 673mt @ 0.58% Cu 0.19 g/t Au Mirador Norte 217mt @ 0.51% Cu 0.09 g/tAu Fruta Del Norte: 25.44Mt @ 8.21 g/t Au
Slide 11: Cascabel in Highly Endowed South American Andes Copper-Gold Porphyry Belt
Cascabel in Highly Endowed South American Andes Copper-Gold Porphyry Belt Cascabel is located in the same continental belt as some of the world’s largest copper and gold porphyry deposits: • Cobre Panama - Panama •La Colosa - Colombia •La Escondida - Chile •Chuquicamata - Chile Page 11
Slide 12: Top of Cascabel – Just Exposed
Top of Cascabel – Just Exposed Page 12 Typical Porphyry Cu-Au Deposit
Slide 13: Coincident Cu-Au-Mo Anomalies Illustrate Potential for Classic Porphyry Systems
Coincident Cu-Au-Mo Anomalies Illustrate Potential for Classic Porphyry Systems Soil sampling over 20 km2: 200x100m and 100x100m Clustered Molybdenum distribution reflects porphyry centres Page 13
Slide 14: Cascabel Copper Geochemistry Provides a World Class Copper-Gold Porphyry Target Like Tujuh Bukit
Cascabel Copper Geochemistry Provides a World Class Copper-Gold Porphyry Target Like Tujuh Bukit Cascabel Cu (Soils) Tujuh Bukit Cu (Soils) same scale, same cut- offs Page 14
Slide 15: Cascabel Lithocap More Extensive than Tujuh Bukit
Cascabel Lithocap More Extensive than Tujuh Bukit Comparable Potential Scale to the 1.9 billion tonne Tujuh Bukit Gold-Copper Project in Indonesia held by Intrepid Mines (19 billion pounds of Copper, 28 million ounces of Gold) Page 15
Slide 16: Cascabel's Footprint Next to Giant World Class Cu Au Porphyry Deposits
Cascabel’s Footprint Next to Giant World Class Cu Au Porphyry Deposits
Slide 17: Magnetics - 4 Porphyry Targets
Magnetics - 4 Porphyry Targets Alpala Cu-Au Porphyry Porphyry Target Multi-dataset support Coincident Cu-Au-Mo-As + (Sb, Bi) Alteration Zonation (Spectral data) Magnetic highs overprinted by magnetite destructive alteration Outcropping strongly mineralised porphyry quartz stockworks Regional Toachi
Slide 18: The Magnetic Model at Tujuh Bukit Is Like Cascabel
The Magnetic Model at Tujuh Bukit (1.9 Bt @ 0.45 Cu & 0.45 g/t Au) Is Like Cascabel
Slide 19: The Alpala 3D Magnetic Model Points To Copper Porphyry Mineralisation
The Alpala 3D Magnetic Model Points To Copper Porphyry Mineralisation 3D Inversion Model of Magnetic Survey Data Spanning the Broader Alpala Region. The magnetic apophysis (red shape) which extends above the modelled magnetic batholith underlies the southeast Alpala region. The area around the margi
Slide 20: Porphyry Cu-Au Target at Alpala Likely to be associated with Magnetic Apophyses
Porphyry Cu-Au Target at Alpala Likely to be associated with Magnetic Apophyses (Porphyry Intrusions)
Slide 21: Long Runs of Cu-Au on Margins of Magnetic Apophysis
Long Runs of Cu-Au on Margins of Magnetic Apophysis Page 21
Slide 22: Classic High Grade Porphyry mineralisation at Alpala
Classic High Grade Porphyry mineralisation at Alpala Copper associated with magnetite Trench TR46: Trench TR56: 45.63m @ 0.81 g/t Au, 0.59% Cu 56.93m @ 1.16 g/t Au, 0.34% Cu Quartz calcite veins with chalcopyrite, Diorite with quartz, magnetite and pyrite and bornite chalcopyrite veinlets Page 22
Slide 23: Stage 1 Drillholes & Soil Geochemistry
Stage 1 Drillholes & Soil Geochemistry Page 23
Slide 24: Stage 1 Drillholes & Proposed Stage 2 Drill Program
Stage 1 Drillholes & Proposed Stage 2 Drill Program
Slide 25: Holes 1 & 5: Long Runs of Cu-Au
Holes 1 & 5: Long Runs of Cu-Au Significant Intersections from Significant Intersections from CSD-13-001 Include: CSD-13-005 Include: •302m @ 0.39% Cu, 0.48 g/t Au •845.68m @ 0.39% Cu, 0.24g/t Au (from 16m) Includes: •104m @ 0.37% Cu, 0.38 g/t Au •154m @ 0.43% Cu, 0.25g/t Au (from 16m) (from 244m) •
Slide 26: Holes 1 & 5: Long Runs of Cu-Au On Margin on Interpreted Bell Shaped Porphyry
Holes 1 & 5: Long Runs of Cu-Au On Margin on Interpreted Bell Shaped Porphyry
Slide 27: Correlation between Magnetics & Cu-Au in Alpala Hole CSD-13-005
Correlation between Magnetics & Cu-Au in Alpala Hole CSD-13-005
Slide 28: Strongly Sheeted Quartz Veins with Chalcocite Mineralisation
Strongly Sheeted Quartz Veins with Chalcocite Mineralisation – 1.24% Cu & 1.77 g/t Au Page 28
Slide 29: Copper Rich Sulphides from Drill Hole 2
Copper Rich Sulphides from Drill Hole 2
Slide 30: Copper Rich Sulphides from Drill Hole 5
Copper Rich Sulphides from Drill Hole 5 Fine networks of quartz-chalcocite veinlets at 201.22m depth in hole CSD-13-005.
Slide 31: Copper Rich Sulphides from Drill Hole 5
Copper Rich Sulphides from Drill Hole 5
Slide 32: 2014 - News Flow
2014 - News Flow • Stage 2 Drill Program to commence with Hole 6. Approximately 4000m to mid 2014. • Future releases likely to combine visuals and assays for Stage 2 drill holes. • Commencement of IP survey over Alpala prospect, likely timing early March 2014. • Outcome of Application for Road Propo
Slide 33: Thank you
Thank you SolGold CEO Alan Martin (centre) & President of Cornerstone Ecuador, Yvan Crepeau (third from left) with Cornerstone geologists and exploration personnel from Santa Cecilia village. Page 33
Slide 34: Appendix
Appendix Page 34
Slide 35: About Ecuador
About Ecuador Area: 280,000km2 (slightly larger than Victoria) Population: ~14 million Currency: US$ Language: Spanish Corporate Tax: 22% Royalties: 5-8% Labour Obligations Tax: 15% VAT 12% (applied to consumables not labour and services) Other taxes: Subject to capital recovery and commodity prices
Slide 36: Significant Intersections from Alpala Stage 1 Drilling Program
Significant Intersections from Alpala Stage 1 Drilling Program
Slide 37: Example of a Bell-Shaped World Class 1.9 Bt Porphyry Cu-Au Deposit
Example of a Bell-Shaped World Class 1.9 Bt Porphyry Cu-Au Deposit Source: www.intrepidmines.com.au Tujuh Bukit Indonesia
Slide 38: Distribution of High Grade Porphyry Mineralisation Across Giant Tujuh Bukit Cu-Au Deposit
Distribution of High Grade Porphyry Mineralisation Across Giant Tujuh Bukit Cu-Au Deposit Source: www.intrepidmines.com.au Tujuh Bukit Indonesia
Slide 39: Main Metallogenic Cu Belts of the Andean Cordillera
Main Metallogenic Cu Belts of the Andean Cordillera Miocene of Ecuador and Colombia << Least well explored Junin, (Cascabel ?), La Colosa, Mid to Late Miocene Northern Peru La Granja, Cerro Corona, Michiquillay, Magistral Palaeocene-Eocene of Northern Chile-Southern Peru Spence, Cerro Colorado, Toqu
Slide 40: Elephant Country - Cascabel is 60 kms NE of Junin
Elephant Country - Cascabel is 60 kms NE of Junin (982 mt @ 0.9% Cu) Major Structures Cu-Au Rich Source Intrusions Fertile Miocene Intrusive Complexes Page 40
Slide 41: Field work at Alpala
Field work at Alpala Alpala lithocap SolGold CEO Alan Martin (left) and Yvan Crepeau inspect Alpala Prospect, Cascabel Project.
Slide 42: Cascabel – Rehabilitation & Local Community Program
Cascabel – Rehabilitation & Local Community Program Greenhouse for local community Lemon trees for local community Page 42
Slide 43: Australia & Solomon Islands Cu-Au Projects
Australia & Solomon Islands Cu-Au Projects Page 43
Slide 44: Kuma: Porphyry Cu-Au Gold Project Solomon Islands
Kuma: Porphyry Cu-Au Gold Project Solomon Islands Page 44
Slide 45: www.solgold.com.au
www.solgold.com.au Qualified Person Information in this report relating to the exploration results is based on data reviewed by Dr. Bruce Rohrlach (BSc (Hons), PhD), the GM Exploration of the Company. Dr. Rohrlach is a Member of the Australasian Institute of Mining and Metallurgy who has in excess o