SolGold PLC · AQUISUK:SOLGL
SolGold — Solomon Gold — Mines & Money London 2010
27 slides from SolGold's conference presentation, November 2010
Slide 1: An Emerging Gold Development Company Focused on Gold Projects in the South-West Pacific
An Emerging Gold Development Company Focused on Gold Projects in the South-West Pacific Mines & Money, London – November 2010 • Exceptional leverage to discovery; • A world class gold province; • Large, diverse targets; • Experienced management; • Aligned interests. Ballyorlo Prospect, Fauro Island
Slide 2: 2011 – A Very Active Year
2011 – A Very Active Year • Four drilling programs • 34000m Solomon Gold operated - $21m • Estimated 6000m Newmont operated - $6.1m • Continuous drilling updates • Resource upgrade in Queensland • Targetted Fauro and Guadalcanal discoveries
Slide 3: Solomon Gold is Exploring in an Extremely Prolific Region
Solomon Gold is Exploring in an Extremely Prolific Region Wabu 8.1 Moz Simberi 2.4 Moz Grasberg 163 Moz Porgera 28 Moz Lihir 46.1 Panguna 18.6 Moz Kainantu 2.0 Moz Ok Tedi 15.5 Moz Valley 11.6 Fauro Hidden Moz (high impact Mt Kare 1.7 MozWafi Golpu 9.2 Moz 40Moz Au Honiara Moz Port target) Guadalcan
Slide 4: Corporate Summary
Corporate Summary Capital structure Share price performance (as at 23/11/2010) Market listing AIM (Code: 60 60 SOLG) Volume traded (millions) Volume Price Shares issued 281 million 50 Fauro 50 Share Price (GBp) results Options issued 6 million 40 40 Share price 28p 30 30 Market GBP80million Levisivi
Slide 5: A Record of Successful Project Delivery
A Record of Successful Project Delivery Nicholas Mather, Chief Executive Officer Successful large scale project explorer – invests to back judgement of 27 years experience Co-founded CSG focused Arrow ($3bn) and Bow Energy, Waratah Coal taken over for $130m, 4.3 bt coal resource and MD Bemax for
Slide 6: Solomon Gold’s Project Areas
Solomon Gold’s Project Areas Solomon Gold plc Solomon Islands – on the Rim of Fire Queensland, Australia Fauro Guadalcanal Rannes Mt Perry (SOLG 100%) (Newmont (SOLG 100%) (SOLG 100%) earning to 70%) * Very * Maiden 200koz * Drill targets to encouraging gold * Project de-risked Au resource date deli
Slide 7: Fauro Island Gold Project
Fauro Island Gold Project Located 380km NW of capital Honiara Tenement area 70km2 (granted), 67km2 (application) Close to the historic 50Moz Au eq. Panguna porphyry copper gold mine Similar geological setting to Lihir, Tujuh Bukit, Panguna and Batu Hijau Fauro’s Pacific Rim setting, 80km SE
Slide 8: Fauro Island Gold Project
Fauro Island Gold Project • 15km2 of mineralised volcanic rim, • Has similar structural setting to Lihir. • High grade gold samples coincident with magnetic porphyry targets. • High level rich gold zones in rhyolite and dacite domes overlie large copper gold molybdenum, porphyry systems • Key prospe
Slide 9: Fauro Island Gold Project
Fauro Island Gold Project Prospective target rocks over Masamasa and Piru licence extension application - similar to Meriguna Gold potential in acid volcanic domes like Cerro de Pasco, Peru
Slide 10: Guadalcanal JV – De-risked Exploration for High Grade Copper and Gold with Newmont farming-in
Guadalcanal JV – De-risked Exploration for High Grade Copper and Gold with Newmont farming-in Located 30km south of Honiara, covering 327km2 Newmont earning to 70% by spending US$12m by Mar-14 Mbetilonga High grade skarn discovery at Sutakiki (32m @ 9.45g/t Sutakiki Au in drillhole SK011) Ne
Slide 11: Electromagnetics Outlines Large System at Mbetilonga
ELECTROMAGNETICS OUTLINES LARGE SYSTEM AT MBETILONGA Hambusimaloso Prospect •1400m x 600m >500ppm Cu soil Anomaly Breccia with strongly mineralised porphyry clasts + Exotic Cu Lotu/Kolokepi Prospect •600 x 400m >500ppm Cu soil anomaly •3.17g/t Au, 2.0% Cu IS Epithermal? Vuanimaho Prospect 400m x
Slide 12: Magnetics Identifies Porphyry Targets at Mbetilonga
Magnetics Identifies Porphyry Targets at Mbetilonga Hambusimaloso Prospect • 1400m x 600m >500ppm Cu soil Anomaly Breccia with strongly mineralised porphyry clasts + Exotic Cu Lotu/Kolokepi Prospect • 600 x 400m >500ppm Cu soil anomaly • 3.17g/t Au, 2.0% Cu Vuanimaho Prospect 400m x 600m >500ppm C
Slide 13: Newmont has Modelled the 3D Vuanimaho Magnetic Anomaly
Newmont MBETILONGA has Modelled the PROJECT 3DVuanimaho data integration &Magnetic targeting Anomaly • Getting the most out of the data • Magnetic susceptibility inversion modelling • Data integration – Geological Mapping – Conductivity/Resistivity data – Magnetic data – Geochemical anomalies (Au, C
Slide 14: Sutakiki Valley - High Grade Skarn at Valehailala
Sutakiki Valley - High Grade Skarn at Valehailala Solomon Gold has defined 5 major mineralised centres to 32m @ 9.45 g/t gold date and drilled 14,000 metres Indicates proximity of a large mineralised porphyry
Slide 15: Kuma
Kuma A Concealed Porphyry under a caprock? 15km2 Strong silica cap and clay alteration zone evident in electromagnetics; 11.1ppb Gold 7.9% cu 6.7% cu Limestones provide rich skarn targets; Strong copper mineralisation found in 5.7ppb Gold field – up to 11.7%; Silver anomolies Strong gold in str
Slide 16: Significant operational capability in Solomon Islands
Significant operational capability in Solomon Is Most active SI explorer; Successful management of landowner issues; Unprecedented access to previously untouched areas.
Slide 17: Supporting Legislative Framework Services and Location on Guadalcanal
Supporting Legislative Framework Services and Location on Guadalcanal Mbetilonga – 15 km Favourable Henderson Field Sutakiki – 20 km logistics from Office and Manager’s Residence Honiara Parliament House Westminster style democracy Refined Port Mining Act. Regional Assistance Mitigates polit
Slide 18: Queensland: A Maiden Resource in a New Province with a Strong Pedigree
Queensland: A Maiden Resource in a New Province with a Strong Pedigree A sedimentary basin edge new province with similarities to the 100Moz Carlin (Nevada USA) The world’s biggest gold deposits are sediment hosted! 3300km2 – 100% Solomon Gold Epithermal character of rich veins at Cracow may represe
Slide 19: Rannes, Queensland: Basin edge sediment hosted deposits similar to the 100Moz Carlin styles
Rannes, Queensland: Basin edge sediment hosted deposits similar to the 100Moz Carlin styles – Nevada, USA Rannes deposit geological environment Thick gold and silver deposits Maiden Current ground level Cracow style Crunchie 200k epithermal veins oz au eq Approx 500m Rhyolite domes and rich feeder v
Slide 20: Rannes Central 200,000 oz Au eq
Rannes UNDRILLED Central Crunchie 200k oz eq Rannes 200,000 oz Au eq Cracow Analogues at maiden resource Police Camp and Cooper ? at Crunchie is the tip of the iceberg. UNDRILLED Page 20
Slide 21: Maiden 200,000 oz Au eq at Rannes Central has Significant Growth Potential
Maiden 200,000 oz Au eq at Rannes Central has Significant Growth Potential, Higher Grades Targeted in Feeder Zones Prospect Length (m) From (m) Gold (g/t) Silver (g/t) Crunchie 32 0 1.84 41 Crunchie converted to 36 40 1.11 77 200 koz 30 46 1.37 81 resource so far 32 0 1.39 103 Kauffmans 40 26 1.69 2
Slide 22: Queensland : Mt Perry
Queensland : Mt Perry • 1M oz potential • Over 50 gold copper and molybdenum occurrences in the shadow of Mt Rawdon (2M oz) Have delivered 9/10 success on drill targets to date • Magnetics (texture) • Radiometrics (colour) • Geochemistry ( ) Lihir Gold’s Lihir Gold’s • Historic Mines
Slide 23: Exploration Budget of AUD21m over the next year
Exploration Budget of AUD21m over the next year Oct'10 - Jan'11 - Apr'11 - Jul'11 - Cost Dec'10 Mar'11 Jun'11 Sep'11 A$'000 Project Fauro Sampling 275.67 65% Geophysics 43.20 Drilling 6,604.80 9,900m (4 x 600m porphyry test and 30 x 250m holes, gold cap tests, 2 rigs) Operating Costs * 6,680.69 Mt P
Slide 24: Active News Flow Schedule: 2010 - 2011
Active News Flow Schedule: 2010 - 2011 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Drilling Masamasa and Exploration analysing Reporting Fauro drilling results Piru Update from drill and drilling and results Perry and reconnaissance Newmont on dozer cut assay Perry and Rannes sampling re
Slide 25: Solomon Gold’s Key Priorities for 2010/11
Solomon Gold’s Key Priorities for 2010/11 Management priorities 2010/11 Outcome/Status Rating out of 5 Drill high impact targets at Very encouraging surface assay results 5 Fauro targeting significant Drill contractor appointed to commence mineralisation system like Lihir, drilling 9,900m (4 d
Slide 26: Solomon Gold – Key Investment Attractions
Solomon Gold – Key Investment Attractions Strong, experienced management team with aligned interests World class, high impact copper gold target systems in Solomon Islands, on the Rim of Fire Becoming an integrated gold explorer, developer, miner in Queensland targeting 1m oz Au Eq initially Act
Slide 27: 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