SolGold PLC · AQUISUK:SOLGL
SolGold — Solomon Gold — Mining Journal Australia Day, London 2011
29 slides from SolGold's conference presentation, December 2011
Slide 1: Solomon Gold plc
Solomon Gold plc Mining Journal Australia Day, London, December 2011 Malcolm Norris CEO Page 1
Slide 2: 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
Slide 3: Corporate Summary
Corporate Summary AIM listed (SOLG) Solomon Gold Historical Share Performance – 1 Year 40 10 284,623,489 shares outstanding Market cap @ 11p is £31.3m (A$48.9 m) 30 7.5 Share Price (p/share) Broker: Fairfax Volume (m shares) NOMAD: RFC Corporate 20 5 Finance Ltd. Shareholders include – 10 2.5 Regent
Slide 4: Key Points
Key Points • Strong revitalized team with discovery track record • Rannes Project, Queensland – Inferred resource estimate of 812,000ozs gold equivalent (gold + silver) • Targeting 2 Mozs • Other quality gold assets in Queensland at Mt Perry, West Cracow and Normanby • JV with Newmont in the Solomon
Slide 5: People
People • Strong revitalized team • Discovery track record • Have delivered strong shareholder growth • Strong board New team includes key players in the Existing team includes a strong board discovery of the Tujuh Bukit copper- and management with experience in gold deposit in Indonesia for Intrepid
Slide 6: People
People Malcolm Norris into CEO/MD role Nick Mather continues as executive director; working with team on growth and strategy Bruce Rohrlach – Chief Geologist Damien Lulofs – Exploration Management Wendy Collins – Business Support Team has delivered exploration success, and is focused on delivering i
Slide 7: Stable resource growth in Queensland underwrites value growth
Stable resource growth in Queensland underwrites value growth • All projects 100% Solomon Gold • Rannes • Current inferred resource of 812,307 ozs of gold equivalent (486,935ozs gold + 13,014,294 ozs silver) • Mt Perry • Drill targets being defined • Normanby • Pre-drilling surveys in progress Craco
Slide 8: Rannes Project - Model
Rannes Project - Model Basin edge sediment hosted deposits – higher level Cracow, Carlin, sediment hosted affinities Current ground level Crunchie and Kauffmans Cracow style epithermal veins
Slide 9: Rannes Project - Good Location
Rannes Project - Good Location
Slide 10: Rannes – Large System
Rannes – Large System Kauffmans; 416,418 ozs gold equivalent Crunchie; 335,875 ozs gold equivalent 5 km
Slide 11: Rannes - Resource Statement
Rannes - Resource Statement Cut-Off Tonnage Equ Au Au Ag Contained Equ. Au Au Ag g/t Mt g/t g/t g/t oz oz oz Gold : Silver :: 40 : 1 0.20 34.2 0.8 0.5 12.7 884,991 535,487 13,968,280 0.25 29.3 0.9 0.5 14.6 847,134 515,064 13,745,204 0.30 25.5 1.0 0.6 15.9 812,307 486,935 13,014,294 0.35 22.5 1.1 0.6
Slide 12: Steady Low Cost Resource Growth
Steady Low Cost Resource Growth Resources are being added very consistently and very cheaply at Rannes
Slide 13: Resource Growth
Resource Growth Rannes – very competitive discovery cost A$6.70/oz vs average $60/oz in Australia We will continue to add resources! (Schodde, 2011; NewGenGold)
Slide 14: Favorable Geometry
Favorable Geometry CRUNCHIE PROSPECT
Slide 15: Favorable Geometry
Favorable Geometry CRUNCHIE PROSPECT
Slide 16: Favorable Geometry
Favorable Geometry CRUNCHIE PROSPECT TARGETS
Slide 17: High Grades Being Intersected
High Grades Being Intersected KAUFFMANS PROSPECT
Slide 18: High Grades Being Intersected
High Grades Being Intersected KAUFFMANS 66 67 113 114 122 PROSPECT 100m Lower grade envelope >0.1 g/t Au, >2 g/t Ag 200m 98 28m @ 0.93g/t Au, 11 g/t Ag 24m @ 3.3g/t Au, 10g/t Ag Incl. 2m @ 10g/t Au + 120g/t Ag 300m 20m @ 1.9g/t Au, 22 g/t Ag
Slide 19: District Upside Significant
District Upside Significant
Slide 20: Animation
& Solomon Gold plc Animation SOLOMON GOLD COMPANY PRESENTATION
Slide 21: Rannes Value Creation
Rannes Value Creation • Current inferred resource of 812,307 ozs of gold equivalent • Adding ounces at a cost of A$6.70/oz • Ounces start at surface and exploration has only tested the top ~200m at 2 prospects • High grade intersections are there – e.g. 2m @ 33g/t gold • At a conservative resource o
Slide 22: Rannes - Future Value Potential
Rannes - Future Value Potential • Targeting 2 M ozs • Potential development scenarios for gold deposits in Australia with average annual gold production of 100,000 ozs, capital costs of A$120 – 150 (£77 – 96) million and at capacities of 4mt/year of ore – can deliver NPVs of A$350 – 450 million (£22
Slide 23: Projects – Solomon Islands
Projects – Solomon Islands Fauro Project 100% Solomon Gold Guadalcanal JV Newmont earning 70%
Slide 24: Guadalcanal JV
Guadalcanal JV Sutakiki Project Taborora Prospect Historical very encouraging results in several holes from Solomon Gold drilling • SK001 354m @ 0.5g/t Au, 0.13% Cu OPEN OPEN Recent further encouraging results recently from Newmont • SKK01 Ongoing drill targeting in 2012
Slide 25: Guadalcanal JV
Guadalcanal JV Sutakiki Project Taborora Prospect 611m @ 0.25ppm Au, 0.08% Cu from 10m to EOH (2ppm Au top-cut SKK001; 259m @ 0.28g/t Au, 0.19ppm Au) 0.11% Cu through to EOH Includes some high grade 259m @ 0.28ppm Au, 0.11% Cu intervals in sheeted quartz veins, from 362m to EOH 9m @ 4.6g/t Au, 0.29%
Slide 26: Guadalcanal JV
Guadalcanal JV 24m @ 0.23% Cu & 0.05ppm Au from 250m Drill hole traces and modelled magnetics Mbetilonga Project; MBT001 MBT002 Vuanimaho Prospect MBT007 Ongoing drill targeting in 2012 Encouraging results from integrated exploration 46m @ 0.34g/t Au & 0.25% Cu from 298m Further targets to be 63m @
Slide 27: Fauro Project
Fauro Project • 100% Solomon Gold • Lihir and Porphyry style targets • Drilling currently on stand-by while all data is reviewed • Historical results very encouraging • Soil sampling ongoing • Reconnaissance commenced in eastern prospects • Assay results from hole FDDH 009 at Ballyorlo not yet recei
Slide 28: Fauro project
Fauro project Reconnaissance sampling Reconnaissance exploration 3 drill holes completed 6 drill holes completed
Slide 29: The Future
The Future • Strong revitalized team with discovery track record • Rannes Project, Queensland – Grow the resource from currently Inferred resource estimate of 812,000ozs gold equivalent (gold + silver) • Targeting 2 Mozs • Next Resource upgrade Q1 2012 • Advance other Queensland gold properties to d
Solomon Gold — Mining Journal Australia Day, London 2011 on 6ix