Iondrive Limited · ASX:ION
Iondrive — Southern Gold — Noosa Mining Conference 2021
13 slides from Iondrive's conference presentation, Jul 14, 2021
Slide 1: South Korea: A New Frontier for Epithermal Au-Ag Discoveries
South Korea: A New Frontier for SOUTHERNGOLD Epithermal Au-AgSOUTHERNGOLD Discoveries Noosa Mining Conference: 14-16 July 2021 ASX Ticker: SAU
Slide 2: Disclaimer
SOUTHERNGOLD Disclaimer Forward-looking statements The information in this presentation is published to inform you about Southern Gold Limited (“Southern Gold”) and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. These may inc
Slide 3: Southern Gold: A Country Play
SOUTHERNGOLD A New Frontier Southern Gold: A Country Play • A neglected part of the world in terms of exploration • Secure tenure in excellent, low-risk jurisdiction • Experienced geo’s, active boots-on-the-ground exploration • High grade Au-Ag epithermal targets and fully funding to drill! Company
Slide 4: Unrecognised Potential
SOUTHERNGOLD Unrecognised Potential World class Au deposits in World class Au deposits in Kyushu, Jiaodong Peninsula, China Japan e.g. Xiling orogenic Au deposit e.g. Hishikari epithermal Au deposit (>17Moz Au, recent discovery) (>10Moz Au, discovery pre 2009) Tongyeong Mine, multiphase colloform ba
Slide 5: South Korea: Historic Context
SOUTHERNGOLD South Korea: Historic Context Orogenic Au systems in Precambrian basement rocks (historic mining since 1122BC) Placer Au extensive alluvial mining in the “valley fill” areas across Korea (recent historic mining) Epithermal Au-Ag systems in (or adjacent) Cretaceous basins/ volcanic rocks
Slide 6: Boots on the Ground
SOUTHERNGOLD Boots on the Ground Doug Kirwin, Robert Smillie (pending) Craig Panther, Cyrill Orrsich NED (Ex Ivanhoe) Exploration Manager Consultant (Ex Ivanhoe) Consultant (Ex Ivanhoe) South Korean Team SK Team ensures we continue to be active during COVID19 impacts 6
Slide 7: Active Exploration
SOUTHERNGOLD Active Exploration Seven Projects on Granted Tenements -----> Currently active at Deokon, Weolyu district Currently drilling at Deokon (Nettle Zone) Three Projects on Application Tenements -----> Currently active at Daeam, Geum Mar Project Generation Targets (not on map) – detailed anal
Slide 8: Deokon
SOUTHERNGOLD Deokon Shin Adit Main mine (behind hill) Approximate vein trend 8
Slide 9: Deokon: Golden Surprise Trend
SOUTHERNGOLD Deokon: Golden Surprise Trend Nettle/Thistle Zones 1km Trend (behind hill) Bonanza Zone Thorn Zone 1km Photo taken from the Shin Adit (looking east) 9
Slide 10: Deokon: step out drilling
SOUTHERNGOLD Deokon: step out drilling Outcrop from Nettle Zone, KRS206762 8.56 g/t Au, 8940 g/t Ag. Brecciated rhyolitic tuff with carbonaceous mudstone fragments.. 10
Slide 11: Fully Funded
SOUTHERNGOLD Fully Funded Ordinary Shares 213.3m Share Price (7 May 2021) AUD$0.072 Market Capitalisation AUD$15.4m Cash (30/06/21 approx.) ~AUD$8m ~A$9.5m equivalent funding Enterprise value (EV) AUD ~AUD$7.4m available, enough for 2 years ADS Drill For Equity Deal ~AUD$1.5m field activity to mid 2
Slide 12: What's Coming Up?
SOUTHERNGOLD What’s Coming Up? Funded to complete diamond drilling programmes across the portfolio in 2021 and 2022 ❑ Fieldwork at Weolyu, Geum Mar, Daeam Now ❑ Follow up drilling at Deokon (Golden Surprise Trend) Now ❑ Scout drilling at Geum-Mar Late 2021# ❑ First pass scout drilling at Daeam Valle
Slide 13: Summary
SOUTHERNGOLD Summary ❑ Focus remains on South Korea and precious metals where we exploit our ‘first mover advantage’ ❑ Very active in the field with reasonable drilling costs led by epithermal experts ❑ Compelling investment case, fully funded for several years, essentially a “free option” on our ex