SolGold PLC · AQUISUK:SOLGL
SolGold — Latin America Down Under 2015
38 slides from SolGold's conference presentation, May 2015
Slide 1: Towards a World-Class Copper-Gold Development
TOWARDS A WORLD‐CLASS COPPER ‐ GOLD DEVELOPMENT Latin America Down Under May 2015 1
Slide 2: 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 constitute an offer or invitation to
Slide 3: SolGold is about Cascabel
SolGold is about Cascabel • Andean Copper belt – World’s Richest!! • Ecuador E d opening i ffor b business i • Motivated and invested management • Highly accomplished technical team and state of the art geophysics • Gold rich high g ggrade copper pp discoveryy • World class intersections • 85% Owner
Slide 4: Ecuador and SolGold: encouraging approach to exploration and mining
ECUADOR: • President Rafael Correa Delgado era encouraging approach to exploration and mining development • Rich copper gold Andean province in Ecuador • Modern infrastructure advantages SolGold: • SolGold expertise to unlock under‐explored terranes • SolGold focus on strong economic returns for all
Slide 5: Ecuador promoting itself as mining friendly
• President Correa promoting Ecuador as an exploration & mining friendly country • March 2015, creates new Ministry of Mines Mines. Minister Javier Cordova appointed as 25.5 22 Inaugural Minister • Lundin Mining creates Lundin 15 Gold to acquire Fruta Del Norte gold deposit for US$240m, 25.5 strong
Slide 6: High grade gold factor enriches the world's best Andean Copper belt
High grade gold factor enriches the worlds best – The Andean Copper belt Cerro Colorado 1300mt @.76% Cu • Ecuador is Under Cobre Panama 3270mt @ .36 % Cu Explored • Cascabel ‐ Same metallogenic belt as some of the world’s La Colosa largest porphyry 904 mt @.92Au copper and gold deposits: Cascabel •
Slide 7: Chilean porphyries are high and dry
Chilean porphyries are high and dry Escondida from the air 7 WWW.SOLGOLD.COM.AU
Slide 8: But in Ecuador they are covered in jungle and cloud
But in Ecuador they are covered in jungle and cloud 8 WWW.SOLGOLD.COM.AU
Slide 9: Copper Gold Deposits
Copper Gold Deposits Chile is arid & ore bodies exposed ‐ Lots of them Ecuador is sub‐tropical, ore bodies are concealed & yet to be discovered! 9 WWW.SOLGOLD.COM.AU
Slide 10: There is a lot of Gold in Ecuador
There is a lot of Gold in Equador Incas ffound it and the Conquistadors used it 10 WWW.SOLGOLD.COM.AU
Slide 11: Cascabel
• 4 hour drive from Quito • Elevation 1500m Cascabel • 200km from the deep water port of Esmeraldas • Power and water nearby • Local labor 11 WWW.SOLGOLD.COM.AU
Slide 12: Fabulous roads..an infrastructure advantage
Fabulous roads..….an infrastructure advantage 12 WWW.SOLGOLD.COM.AU
Slide 13: SolGold Now
SolGold Now • 760m in shares • 1:6 open offer at 3p raised £2.24m net • AIM lilisted d – London L d • Approximately 2000 shareholders • Turnover averages 3m shares/day • Experienced Board and operators • Strong technical focus and $ in the ground • Growing fund and institutional interest • Targets D
Slide 14: Track Record of Discovery and Delivery of Shareholder Value
Track Record of Discovery and Delivery of Shareholder Value Nick Mather Jason Ward Alfredo Cruz, Santiago Vaca Executive Director President ENSA and Ecuadorian Geologists Exploration Manager Priy Jayasuriya Dr Lazaro Roque Albelo Dr Steve Garwin Chief Financial Officer Manager ‐ Latin American Affai
Slide 15: Safe, Caring and Responsible
Safe, Caring and Responsible • Onsite medical Clinic – 2 medics • Regular safety meetings & training drills • An excellent safety record • Sponsors p communityy enterprises p • Environmental baseline studies underway 15 WWW.SOLGOLD.COM.AU
Slide 16: Community Engagement at Cascabel
Community Engagement at Cascabel • Schools assistance • Local nurseries fish farms • Service providers • Transport and labour • Core boxes and • Accommodation WWW.SOLGOLD.COM.AU
Slide 17: Cascabel Project ownership structure
SolGold has acquired 85% of ENSA and 11% of Cornerstone ‐ US$30m to date SolGold plc Uk Aim listed (LSE: solg) USD $20M 85% 11% $1.4M CORNERSTONE ENSA Tsx Listed Capital Resources 15% USD $20M 100% Cascabel Project 17 WWW.SOLGOLD.COM.AU
Slide 18: Classic Cu-Au-Mo porphyry signatures in soils
Classic Cu‐Au‐Mo porphyry signatures in soils Mapped, soil and rock chip sampled 25 km2 WWW.SOLGOLD.COM.AU
Slide 19: Alpala is one of four!
Alpala is one of four! State of the art geophysical surveys ‐ magnetics over 50km2 defined four porphyry systems: *Alpala Cu‐Au *Aguinaga *Tandayama‐ America *Quebrada Moran WWW.SOLGOLD.COM.AU
Slide 20: The Sulphides shine out at Alpala!
The Sulphides shine out at Alpala! IP (Induced Polarisation) survey over 14 km2 New discovery @ T2, SE Alpala, chalcophyrite, bornite, chalcocite & molybdenite in outcrop WWW.SOLGOLD.COM.AU
Slide 21: World class copper-gold intersections
World class copper‐gold intersections … 21 WWW.SOLGOLD.COM.AU
Slide 22: ...with a tiny rig
…with a tiny rig Man portable drilling to 1850m @30m /day 22 WWW.SOLGOLD.COM.AU
Slide 23: Hole 11 targeting extensions to Alpala
Hole 11 targeting extensions to Alpala… …the best is yet to come Current Depth 23 WWW.SOLGOLD.COM.AU
Slide 24: Hole 11 – Back into the high grade
Hole 11 – Back into the high grade 24 WWW.SOLGOLD.COM.AU
Slide 25: Bring on the bornite!!
Bring on the bornite !! Bornite is the most important copper rich sulphide species in Porphyry copper gold orebody endowment around the world ! 25 WWW.SOLGOLD.COM.AU
Slide 26: Recent Discovery of Copper Sulphides
Recent Discovery of Copper Sulphides from | recent surface mapping wwe at SE Alpala and Crystal LN HARGEABILITY ANOMALY yrite Shell around NW Alpala and SE Alpal WZ eee 0 Legend ~ Alpala structural zone (ASZ) = Topographic— geophysical lineament « > Paragonite-phengite (phyllic) = Chalcopyrite / pyr
Slide 27: Alpala could be as big as La Colosa
Alpala could be as big as La Colosa The size of the Colosa and Alpala porphyry systems are compared at the same scale. The prospective length of the Alpala system approximates 2500 m, as inferred from the size of the lithocap and the northwesterly‐trending portion of the MVI model (>0.046). The area
Slide 28: Could Alpala be as big as Wafi Golpu?
Could Alpala be as big as Wafi Golpu ? Wafi‐‐Golpu, Papua New Guinea Wafi Alpala,, Cascabel Alpala 20. 3 M Oz Au and 9 MT Cu (2013) SW NE 1800 m SW NE 1600 m 1400 m 1 1200 m 400 m 2 1000 m ? 800 m 0m B Veins 600 m 400 m ‐400 m 200 m 8 DDH Cu (%) ‐800 m > 1.5 1.0 - 1.5 0.7 – 1.0 Depth 250 m 250 m 0.5
Slide 29: Cascabel has already delivered some of the world's best porphyry Cu-Au intersections
CASCABEL HAS ALREADY DELIVERED SOME OF THE WORLDS BEST PORPHYRY CU-AU INTERSECTIONS Company Property Location Drill Hole ID Interval (m) ca) ( a oh) ( cote %) Codelco Chiquicamata*** Northern Chile - - - - - Codelco El Teniente*** Central Chile - - - - - Kennecott Bingham Canyon Utah, USA - - - - -
Slide 30: Coarse Gold Rich Copper Sulphides
Coarse Gold Rich Copper Sulphides — HOLE 5 2.97% Cu & 4.09 g/t Au, US$360/t CS)-13-005 la OF: Om. WWW.SOLGOLD.COM.AU
Slide 31: Coarse Gold Rich Copper Sulphides – Hole 9
Coarse Gold Rich Copper Sulphides – HOLE 9 31 WWW.SOLGOLD.COM.AU
Slide 32: Coarse Gold Rich Copper Sulphides
Coarse Gold Rich Copper Sulphides — HOLE 9 3.99% Cu & 7.92g/t Au, USS580/t |! WWW.SOLGOLD.COM.AU
Slide 33: SolGold makes the Grade!
Sublevel Cave Block cave SolGold makes the Grade ! 33 WWW.SOLGOLD.COM.AU
Slide 34: Suited to underground development
Solgold will make use of the terrain…….. ……Suited to underground development 34 WWW.SOLGOLD.COM.AU
Slide 35: Alpala is suited to underground development
Alpala is suited to underground development 35 WWW.SOLGOLD.COM.AU
Slide 36: Next steps: drilling, resource statement, studies
1. Increase drilling rates and results flow 2. Resource statement next 12‐18 months 3 Metallurgy and Engineering studies to 3. commence during 2015 4. Scope out economic parameters 5. Cascabel regional – drill more targets 6 Apply the SolGold blueprint to other 6. prospective regions of Ecuador 36 W
Slide 37: Thank you!
Thank you! Photo (left) – Chalcopyrite from Hole 5 – 1.7% Cu & 1.9 g/t Au, 1204.1m Photo (right) – Chalcopyrite from Hole 9 – 1.18% Cu & 2.26 g/t Au, 764m 37 WWW.SOLGOLD.COM.AU
Slide 38: Contacts
Qualified Person CONTACTS Information in this report relating to the exploration results is based on data reviewed by Nicholas Mather(BSc (Hons), Executive Director. Mr Mather is a Member of the Australasian Institute of Miningg and Metallurgy gy who has in excess of 34 years’ experience in mineral