Iondrive Limited · ASX:ION
Iondrive — Southern Gold — IMARC Sydney 2022
15 slides from Iondrive's conference presentation, Nov 3, 2022
Slide 1: South Korea: A New Frontier for Precious and Critical Metals Discoveries
South Korea: A New Frontier for Precious and Critical Metals Discoveries Southern Gold Limited IMARC Sydney November 3 2022 ASX Ticker: SAU
Slide 2: Disclaimer
Disclaimer Forward-looking statements Competent Person’s statements The information in this presentation is published to inform you about The information in this report that relates to Exploration Results has Southern Gold Limited (“Southern Gold”) and its activities. Some been compiled by Mr Robert
Slide 3: South Korea: A New Frontier
South Korea: A New Frontier Southern Gold: A Country Play q 100% focus on South Korea. q Exploring for Au-Ag – targeting 1M oz eqv. q Expanding search to include Cu, Li and REEs. q Frontier destination - under-explored by modern exploration. q First-mover advantage. q Stable, modern jurisdiction. q
Slide 4: Capital Structure
Capital Structure Ordinary Shares 213.3m Strong balance sheet, Share Price (1 November 2022) AUD$0.028 including BMV Shares Market Capitalisation AUD$6.0m Cash ~AUD$4.0m Enterprise value (EV) AUD ~AUD$2.0m 150m Shares in BMV (LSE Listed)# ~AUD$3.5m Total cash + BMV Shares ~AUD$7.5m Options/ Performa
Slide 5: Geologic Context: NE Asia
Geologic Context: NE Asia • NE Asia: an emerging world-class mineral province with extensive and diverse mineral deposits. • Major precious metal mineralising event occurred in the Cretaceous 145-70 million years ago. • South Korea part of this Cretaceous- age mineral province – hosts one of the wor
Slide 6: South Korea: Gold
South Korea: Gold 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 – first recognized 198
Slide 7: Historical Gold Production
Historical Gold Production Total Au Production (Oz) 1930-2021 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 1930 1932 1934 1936 1938 1940 1942 1944 1946 1948 1950 1952 1954 1956 1958 1960 1962 1964 1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 199
Slide 8: People: Technical Team
People: Technical Team Scott Randall Nick Tate Dr Jeffrey Hedenquist Chief Geologist Consultant Independent Consultant Geologist with Highly experienced field Geologist and advisor to the extensive international geologist and world- mineral exploration industry South Korean Team experience, class ma
Slide 9: 2022 Exploration Activities
2022 Exploration Activities q Major exploration initiative in 2022 to expand exploration portfolio – put exploration on-hold on existing projects. q Major data compilation and targeting study to over winter 2021-22 targeting prospective Cretaceous-age Basins. q Targeted a combination of “conceptual”
Slide 10: NEW: Goseong Cu-Au-Ag Project
NEW: Goseong Cu-Au-Ag Project • 25 licence applications within historic copper mining district and surrounds – large, fertile mineralised system. • Limited gold assaying, limited modern exploration. • SAU samples up to 8.15 g/t Au, 265 g/t Ag, 3.92% Cu. • Clusters of vein systems and breccias over 8
Slide 11: NEW: Geoje Island Cu-Au-Ag Project
NEW: Geoje Island Cu-Au-Ag Project • Surrounding historic Geoje Cu-Au mine. • Polymetallic stockwork-breccia IS-HS epithermal gold-copper silver deposit. • High gold grades within licence application area adjacent to mine – potential for along-strike extensions under cover. • Evidence for multiple m
Slide 12: Deokon Au-Ag Project
Deokon Au-Ag Project • Well-developed and extensive LS-IS epithermal system with bonanza grades. • Mined primarily in the 1970’s as a multilevel underground mining operation – 38k oz Au, 2.3M oz Ag. • Surface samples 78 g/t Au 13,000 g/t Ag – top of system. • 13 diamond drill holes by SAU pre-covid
Slide 13: Lithium and Rare Earths Program
Lithium and Rare Earths Program • South Korea has historic deposits and Li and REE – Boam Pegmatite deposit mined 1940s-60s - 180Mt Li ore @ 1.7-1.9% Li. • Little to no modern-day exploration. • SAU commissioned a Li and REE desk-top prospectivity study by RSC to assess country potential - utilized
Slide 14: Planned Activities
Planned Activities q Geophysical surveys Goseong, Deokon Nov-Dec q Drilling Goseong* Feb q Regional fieldwork starts for Li and REEs q Deokon drilling* March-April q Dokcheon drilling* May-June q Initial results from Li and REE program q Working up Exploration Portfolio Ongoing # 14 Current estimate
Slide 15: Contact
THANKYOU 감사합니다 Contact Robert Smillie, Managing Director rsmillie@southerngold.com.au www.southerngold.com.au