SolGold PLC · AQUISUK:SOLGL
SolGold — Investor Presentation (October 2013)
47 slides from SolGold's investor presentation, Oct 11, 2013
Slide 1: Emerging World-Class Copper Gold Discovery
Emerging World-Class Copper Gold discovery 11 October 2013 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): 8.5p •Shares on issue: 603.895m •Options: 3.0m @ 6p, 8.0m @ 14p, 11.0m @ 28p & 19.61m @ 50p •Market cap: £51.3 m •Recent placement @ 7.5p: £3.7 m •Well funded Significant Shareholders •Good liquidity Tenstar Trading 14.1% •Board/management well invested Dire
Slide 4: Value Creation Through Discovery
Value Creation Through Discovery Intrepid delivered A$1Bn Market Cap for A$50M Expenditure PEAK $2.34p s 30 fold value increase GFC through discovery of 8cps the giant Tujuh Bukit deposit 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 • 25 years in Australia, Philippines, • 20 yrs
Slide 6: Cascabel: Revised Agreement, SolGold Earns More, For Less, More Secure
Cascabel: Revised Agreement, SolGold Earns More, For Less, More Secure Revised Joint Venture Agreement Expenditure $2.5m Placements $1.4m ($1.15m paid, $0.25m remaining) Project interest earned 85% (20% +10% +20% + 35%) + $0.5m in SolGold shares to Cornerstone SolGold currently owns 50% of ENSA Shar
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, El Cobre etc Thick oceanic ridges enhance the metal contents in porphyries WHY IS IT AVAILABLE TO US? Ecuador is under explored – existing majors, Codelco & Tongling Nonfer
Slide 8: Cascabel: Low Elevation, Close to Power, Port & Major Highway
Cascabel: Low Elevation, Close to Power, Port & Major Highway • 3 hour drive from Quito; • Elevation 1500 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 in Ecuador
Miocene and Jurassic Metallogenic Belts in the Corillera Occidental and Cordillera Oriental of Ecuador
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 •La Colosa •La Escondida •Chuquicamata Page 11
Slide 12: The Top of Cascabel is Just Exposed
The Top of Cascabel is Just Exposed Typical Porphyry Cu-Au Page 12 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 Target Like Tujuh Bukit
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: Magnetics Outline Porphyry Systems
Magnetics Outline Porphyry Systems 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 Toa
Slide 16: The Alpala 3D Magnetic Model Points To Copper Porphyry Mineralisation
The Alpala 3D Magnetic Model Points To Copper Porphyry Mineralisation 3D Inversion Model of Magnetic Survey Data Spanning the Broader Alpala Region. The magnetic apophysis (red shape) which extends above the modelled magnetic batholith underlies the southeast Alpala region. The area around the margi
Slide 17: Porphyry Cu-Au Target at Alpala Lies above a Magnetic Apophysis
Porphyry Cu-Au Target at Alpala Lies above a Magnetic Apophysis
Slide 18: Magnetic Apophysis Illustrates the Porphyry Target
Magnetic Apophysis Illustrates the Porphyry Target Magnetic 3D Inversion Model Section at 83,400 mN through the Magnetic 3D Inversion Model. The section runs east-west through the central Alpala region of mineralised porphyry quartz stockwork veins. Almost 1 km of vertical extent Page 18
Slide 19: The Magnetic Model at Tujuh Bukit Is Like Cascabel
The Magnetic Model at Tujuh Bukit (2bt @ 0.45 Cu & 0.45 g/t au) Is Like Cascabel
Slide 20: Strong Correlation Between Au Mineralisation & Magnetite
Strong Correlation Between Au Mineralisation & Magnetite North High Grade Cu-Au Vein @ Cascabel Trench TH57: 0.35m @ 43.7% Cu, 12.2 g/t Au, within longer trench of 45.5m @ 0.46 g/t Au, 0.5% Cu (uncut) or 45.5 m @ 0.25% Cu when Tujuh Bukit 3D Magnetic Model the 35 cm high grade zone is Sulphide Resou
Slide 21: Extensive Upper Level Rocks Preserve Cu Mineralisation
Extensive Upper Level Rocks Preserve Cu Mineralisation Magnetic apophysis (1 x 0.5 km) underlies two lobes of acid alteration in a 2 x 1 km lithocap. Page 21
Slide 22: Classic High Grade Porphyry mineralisation at Cascabel
Classic High Grade Porphyry mineralisation at Cascabel Copper associated with magnetite Trench TR46: Trench TR56: 45.63m @ 0.81 g/t Au, 0.59% Cu 56.93m @ 1.16 g/t Au, 0.34% Cu Quartz calcite veins with chalcopyrite, Diorite with quartz, magnetite and pyrite and bornite chalcopyrite veinlets Page 22
Slide 23: 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 held by Intrepid Mines (19 billion pounds of Copper, 28 million ounces of Gold) Page 23
Slide 24: 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 25: Surface Channel Samples & Stage 1 Drillholes
Surface Channel Samples & Stage 1 Drillholes Page 25
Slide 26: Alpala Hole 1 Preliminary Assays
Alpala Hole 1 Preliminary Assays Significant Intersections from CSD-13-001 Preliminary Results Include • 302m @ 0.34% Cu, 0.48 g/t Au (from 16m) • 104m @ 0.37% Cu, 0.38 g/t Au (from 16m) • 100m @ 0.50% Cu, 1.00 g/t Au (from 222m) Page 26
Slide 27: Drill Hole 1 – Intersects Porphyry Copper Mineralisation
Drill Hole 1 – Intersects Porphyry Copper Mineralisation
Slide 28: Strongly Sheeted Quartz Veins with Chalcocite Mineralisation
Strongly Sheeted Quartz Veins with Chalcocite Mineralisation Page 28
Slide 29: Porphyry Stockwork Veins with Chalcopyrite
Porphyry Stockwork Veins with Chalcopyrite Page 29
Slide 30: Copper Rich Sulphides from Drill Hole 2
Copper Rich Sulphides from Drill Hole 2
Slide 31: Targets and News Flow
Targets and News Flow Cascabel News Flow 3D Magnetic Modeling Completed Trenching completed Environmental License received Drilling of Phase 1 program commenced 1st September Qld & Solomon Islands •Exploration results under review Page 31
Slide 32: Thank you
Thank you SolGold CEO Alan Martin (centre) & President of Cornerstone Ecuador, Yvan Crepeau (third from left) with Cornerstone geologists and exploration personnel from Santa Cecilia village. Page 32
Slide 33: Appendix: About Ecuador
Appendix: 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% Other taxes: Subject to capital recovery and commodity prices Security/safety: Good (better than Phi
Slide 34: Main Metallogenic Cu Belts of the Andean Cordillera
Main Metallogenic Cu 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, Toqu
Slide 35: 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 35
Slide 36: The Carmen-Alpala Interpretative Long Section
The Carmen-Alpala Interpretative-Long Section Developing geological model and interpretative (1:1 scale) long-section through the Alpala region. The two lithocap remnants (orange areas) that cap the Alpala porphyry Au-Cu system were once likely contiguous across the Alpala valley. The vertical relat
Slide 37: Window of Mineralised Porphyry Quartz Stockwork Veining Exposed in Alpala
Window of Mineralised Porphyry Quartz Stockwork Veining exposed in Alpala and Planned Holes 1 and 2 Page 37
Slide 38: Alpala Hole 1 Preliminary Results
Alpala Hole 1 Preliminary Results Plot of gold and copper grade downhole showing gold and copper intersections based on preliminary assay results Page 38
Slide 39: Field work at Alpala
Field work at Alpala Alpala lithocap SolGold CEO Alan Martin (left) and Yvan Crepeau inspect Alpala Prospect, Cascabel Project.
Slide 40: Cascabel: Nursery for Local Community
Cascabel: Nursery for Local Community Page 40
Slide 41: Lemon Trees for Local Community
Lemon Trees for Local Community Page 41
Slide 42: Gold (Silver) Projects, Australia
Gold (Silver) Projects, Australia Page 42
Slide 43: Rannes - Many Untested Prospects
Rannes- Many Untested Prospects Page 43
Slide 44: Copper-Gold, Solomon Islands
Copper-Gold, Solomon Islands Fauro & Kuma (100% SolGold), prospective for Cu-Au porphyry & epithermal Au deposits
Slide 45: Copper-Gold, Solomon Islands
Copper-Gold, Solomon Islands Fauro & Kuma (100% SolGold), prospective for Cu-Au porphyry & epithermal Au deposits
Slide 46: Concealed Porphyry Target at Kuma Project, Solomon Islands
Concealed Porphyry Target at Kuma Project, Solomon Islands Page 46
Slide 47: www.solgold.com.au
www.solgold.com.au Qualified Person Information in this report relating to exploration results is based on data reviewed by Mr Nicholas Mather (B.Sc. Hons Geol.), an Executive Director of the Company. Mr Mather is a Fellow of the Australasian Institute of Mining and Metallurgy who has in excess of 2