SolGold PLC · AQUISUK:SOLGL
SolGold — Solomon Gold — Investor Presentation (June 2010)
26 slides from SolGold's investor presentation, June 2010
Slide 1: Solomon Gold: Growing Gold Resources in Queensland
Solomon Gold: Growing Gold Resources in Queensland June 2010
Slide 2: Highlights
Highlights • Recently announced a 200,000 oz Gold eq maiden resource at the Rannes project in Queensland - an emerging new Gold province • Up to 8m oz targets in Queensland • Mega copper gold targets on the Rim of Fire – Fauro Island – Like Lihir? – Guadalcanal – One of Newmonts best rated greenfiel
Slide 3: Corporate Summary
Corporate Summary • AIM listed (ticker: SOLG) SOLG Historical Share Performance 16 25 • 193m shares outstanding 14 20 Traded volume (m) 12 • Market cap £12m approx Share Price (GBp) 10 15 • Broker: Fairfax 8 10 6 • NOMAD: RFC 4 5 • Board and management hold 2 19.3% 0 0 Apr09 Apr10 Feb09 Sep09 Feb10
Slide 4: An opportunity in Gold Resource Growth
An opportunity in Gold Resource Growth • Maiden 200 K oz resource at Crunchie with up to 6 M oz targets Target 4m oz at Rannes • Shallow, open cut potential • Rannes a model for Carlin style and high Target >20 Moz Newmont grade epithermal gold in earning 70% escalating expenditure a basin edge sedi
Slide 5: Implied value of maiden resource only ~A$100/oz, significant upside potential
Implied value of maiden resource only ~A$100/oz, significant upside potential • At current share price, 200 K oz Au Eq in ground resource is valued at ~A$100/oz (~£57/oz) • This includes no value for significant potential at Rannes, Mt Perry, Fauro and Guadalcanal • Target is 1 M oz resource at Rann
Slide 6: Queensland: Rannes Maiden Resource
Queensland: Rannes Maiden Resource • 5.6 Mt @ 0.44g/t Au and 44 g/t Ag (1.12g/t Au eq.) • 201,000 oz Au equivalent • 0.2g/t cut-off • Large low grade system economic due to open pit mining potential • Open in three directions and depth • Immediate extensions to Crunchie are Soggy, Mushy, Odyssey, an
Slide 7: Rannes, Queensland: basin edge sediment hosted deposits similar to Carlin styles
Rannes, Queensland: basin edge sediment hosted deposits similar to the 100Moz Carlin styles – Nevada, USA Rannes deposit geological environment High grade feeder zones Cracow style epithermal veins Rhyolite domes and rich feeder vents EG Mariana 1m oz and Mt Rawdon 2m oz Page 7
Slide 8: Crunchie Gold Silver Deposit
Crunchie Gold Silver Deposit (Magnetics background and geochem anonmalies)
Slide 9: Queensland: Rannes Maiden 200,000oz Resource – open laterally
Queensland : Rannes Maiden 200,000oz Resource – open laterally • 5.6 Mt @ 0.44g/t Au and 44 g/t Ag (1.12g/t Au eq.) • 201,000 oz Au Equivalent • 0.2g/t cut-off open • Open in three directions and depth • Immediate extensions to Crunchie are Soggy, Mushy, Odyssey, and El Dente open open
Slide 10: A Key to Gold discoveries at Rannes
A Key to Gold discoveries at Rannes • Geochemistry – tells you the depth- mercury, thallium arsenic and silver are high level indicators. • Magnetics – linears – Faults – (host orebodies) • Radiometric (Potassium) anomalies – Rhyolite domes (source of gold mineralisation) • The gold is not necessari
Slide 11: Crunchie Rannes 200,000 oz maiden resource
Rannes Central Crunchie Rannes 200,000 oz maiden Cracow Analogues at Police Camp and resource Cooper ? at Crunchie is the tip of the iceberg Page 11
Slide 12: Radiometrics picks the source of the gold?
Radiometrics picks the Double scoop source of the gold? Homestead, Kauffmans, Odyssey Porcupine Mushy Shilo Crunchie, Soggy Crackling Rosie, plus other areas of Interest Brother, Big Brother, Police Camp Creek Pinnacles, Quartz Mountain, Mercury, Page 12
Slide 13: Magnetics picks the mineralised faults and structures
Magnetics picks the Double scoop mineralised faults and structures Homestead, Odyssey Kauffmans, Porcupine Mushy Shilo Crunchie, Soggy Crackling Rosie, plus other areas of Interest Brother, Big Brother, Police Camp Pinnacles, Creek Quartz Mountain, Mercury, plus other areas of Interest. Page 13
Slide 14: Plenty of room to grow at Rannes Central, higher grades targeted in feeder zones
Plenty of room to grow at Rannes Central, higher grades targeted in feeder zones Prospect Length (m) From (m) Gold (g/t) Silver (g/t) Crunchie 32 0 1.84 41 Crunchie 36 40 1.11 77 converted to 30 46 1.37 81 200 koz so far 32 0 1.39 103 Kauffmans 40 26 1.69 25 18 10 1.69 7 and 14 82 3.7 29 Significant
Slide 15: Queensland: Mt Perry
Queensland : Mt Perry • 1Moz potential • Over 50 gold copper and molybdenum occurrences in the shadow of Mt Rawdon (2Moz) Magnetics (texture) Radiometrics (colour) Geochemistry ( ) Historic Mines Have delivered 9/10 success on drill targets to date Page 15
Slide 16: Mt Perry: B-B Reef / Spring Creek
Mt Perry : B-B Reef / Spring Creek
Slide 17: Solomon Islands: Fauro Island
Solomon Islands: Fauro Island • Airborne Electromagnetic (EM) Survey at Fauro Island completed Feb 2010 • Covered an area of 800 line kilometres, over 75 km2 • 10 gold prospects identified in Fauro Island volcanic rim • Trenching, mapping and drilling planned up to Dec 2010 • Potential Lihir lookali
Slide 18: Fauro: A Lihir lookalike?
Fauro : A Lihir lookalike? 169 g/t gold Hornbill Kiovakase 161 g/t gold Page 18
Slide 19: Fauro: Magnetic centres to gold prospects
Fauro : Magnetic centres to 10 gold prospects Masamasa Island Northern Fauro Ballteara Bataha Meriguna Hornbill Piru Island Kiovakase Ballyorlo Page 19
Slide 20: Solomon Islands: Guadalcanal
Solomon Islands : Guadalcanal Page 20
Slide 21: Money in the Ground
Money in the Ground • A$2.8m / 20,000m /2 rigs / 6 months at Rannes • A$1.0m / 10,000m / 1 rig / 6 months at Perry • A$1.0m / 3,000m / 1 rig / 2 months at Fauro • Newmont earning 70% Guadalcanal by spending US$12m by March 2014 • Newmont forecast expenditure A$5.2m in 2010
Slide 22: Program of intense field activity
Program of intense field activity PROJECT Nov’1 Cost-SOLG Jul’10 Aug’10 Sep’10 Oct’10 Dec’10 A$M 0 Rannes Drilling 20,000m 2.8 Perry Drilling 10,000m 1.0 Fauro Trench map 1.3 Drilling 3,000 m 1.0 Guadalcanal Drilling and target generation (Newmont: A$5.2m) 0.0 Admin & Corp 0.9 Total 7.0 Field season
Slide 23: Strong news flow for next six months
Strong news flow for next six months Queensland Ongoing drilling Maiden Rannes Resource up grade Resource at Rannes Central Rannes Airborne Geophysics Maiden Mt Perry Resource JunQ10 Qtr 4 '10 SepQ10 Qtr 1 '11 DecQ10 Qtr 2 '11 MarQ11 Qtr 3 '11 Airborne Geophysics Trenching & mapping Drilling C
Slide 24: Resource Finders and Mine Developers
Resource Finders and Mine Developers Nicholas Mather (Chief Executive Officer) Successful big project explorationist Large scale explorer - Invests to back judgement of 27 years experience Cofounded Arrow $3bn and Bow Energy coal seam methane, Waratah Coal taken over for $130m, 4.3bn t coal re
Slide 25: Summary
Summary This is a strong opportunity to secure an early stage investment in an emerging gold development company: Maiden resource announced at Rannes Mineralisation model resolved and discovery keys defined A New Province at Rannes Short term drilling planned to significantly increase resources
Slide 26: 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 o