Slide 1: Emerging World-Class Copper Gold Discovery
Emerging World-Class Copper Gold discovery March 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): 11.8p •Shares on issue: 603.895m •Options: 3.0m @ 6p, 8.0m @ 14p, 11.0m @ 28p & 19.61m @ 50p •Market cap: £71.3m •Good liquidity •Board/management well invested • A$1.0 billion market cap Substantial Shareholders precedents from major Tenstar Trading 14.1% d
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 • 26 years in Australia, Philippines, •20 yrs in
Slide 6: Cascabel: Revised Agreement, SolGold Has More, For Less, More Secure
Cascabel: Revised Agreement, SolGold Has More, For Less, More Secure Revised Joint Venture Agreement Expenditure $2.5m (completed) Placements to Cornerstone $1.4m (completed) Project interest earned 85% (20% +10% +20% + 35%) + C$0.10m in SolGold shares to Cornerstone + Cash subscription of C$250,000
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, Cobre Panama, La Colossa etc Thick oceanic ridges enhance the metal contents in porphyries, creating “fertile” regions WHY IS IT AVAILABLE TO US? Ecuador is under explored
Slide 8: Cascabel: Low Elevation, Close to Power, Port & Major Highway
Cascabel: Low Elevation, Close to Power, Port & Major Highway • 4 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
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 (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 - 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: High Grade Cu Au at Alpala Associated with Major Magnetic Apophysis
High Grade Cu Au at Alpala Associated with Major Magnetic Apophysis (Porphyry Intrusion)
Slide 19: The Magnetic Model at Tujuh Bukit Is Like Cascabel
The Magnetic Model at Tujuh Bukit Is Like Cascabel (1.9 Bt @ 0.45 Cu & 0.45 g/t Au)
Slide 20: Alpala Magnetic Complex & Location of Drill Holes
Alpala Magnetic Complex & Location of Drill Holes Correlation between Magnetics & Cu-Au in Hole 5
Slide 21: Hole 5: Discovers Cu-Au Porphyry Mineralisation over 1300 Vertical Metres
Hole 5: Discovers Cu-Au Porphyry Mineralisation over 1300 Vertical Metres Significant Intersections from Significant Intersections from CSD-13-001 Include: CSD-13-005 Include: •302m @ 0.39% Cu, 0.48 g/t Au •1306m @ 0.62 % Cu, 0.54 g/t Au (from 16m) (from 24m to 1330m) Including: •104m @ 0.37% Cu, 0.
Slide 22: Cascabel in Au-Rich Porphyry Field
Major South American Porphyry Deposits – Cascabel in Au-Rich Porphyry Field Page 22
Slide 23: Hole 5: Now Completed to Depth of 1370m
Hole 5: Now Completed to Depth of 1370m On Margin of Interpreted Bell Shaped Porphyry
Slide 24: Copper Rich Sulphides from Drill Hole 2
Copper Rich Sulphides from Drill Hole 2
Slide 25: Copper Rich Sulphides from Drill Hole 5
Copper Rich Sulphides from Drill Hole 5
Slide 26: Copper Rich Sulphides from Drill Hole 5 at 1108 m
Copper Rich Sulphides from Drill Hole 5 at 1108 m
Slide 27: Copper Rich Sulphides from Drill Hole 5 at 1204m
Copper Rich Sulphides from Drill Hole 5 at 1204m
Slide 28: Stage 1 Drill Holes & Proposed Stage 2 Drill Holes
Stage 1 Drill Holes & Proposed Stage 2 Drill Holes
Slide 29: 2014 - News Flow
2014 - News Flow • Stage 2 Drill Program to commence with Hole 6 (early March). Approximately 4000m to end July. • Future releases may combine visuals and assays for Stage 2 drill holes. • Commencement of IP survey over Alpala prospect, likely timing June quarter 2014. • Outcome of Application for R
Slide 30: Thank you
Thank you SolGold CEO & MD Alan Martin (centre right) & President of Cornerstone Ecuador, Yvan Crepeau (cente) with SolGold & Cornerstone geologists and exploration personnel from Santa Cecilia village. Page 30
Slide 31: Appendix
Appendix Page 31
Slide 32: 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 33: Significant Intersections from Alpala Hole 5
Significant Intersections from Alpala Hole 5
Slide 34: Example of World Class 1.9 Bt Porphyry Cu-Au Deposit – Typical Geometry
Example of World Class 1.9 Bt Porphyry Cu-Au Deposit – Typical Geometry Source: www.intrepidmines.com.au Tujuh Bukit Indonesia
Slide 35: Distribution of Copper Gold Porphyry Mineralisation At Giant Tujuh Bukit Deposit
Distribution of Copper Gold Porphyry Mineralisation At Giant Tujuh Bukik Deposit Source: www.intrepidmines.com.au Tujuh Bukit Indonesia
Slide 36: Main Metallogenic Cu (Au) Belts of the Andean Cordillera
Main Metallogenic Cu (Au) 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,
Slide 37: 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 37
Slide 38: Field work at Alpala
Field work at Alpala Alpala lithocap SolGold CEO & MD Alan Martin (left) and Yvan Crepeau (President Cornerstone Ecuador) inspect Alpala Prospect, Cascabel Project.
Slide 39: Cascabel – Rehabilitation & Local Community Program
Cascabel – Rehabilitation & Local Community Program Greenhouse for local community Lemon trees for local community Page 39
Slide 40: 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