Slide 1: Emerging World-Class Copper Gold Discovery
Emerging World-‐Class Copper Gold discovery September 2013 1
Slide 2: Important Notice & Disclaimer
Importance No3ce & Disclaimer These presenta3on slides (the “Slides”) have been issued by SolGold plc (the “Company”) in rela3on to an update on ac3vi3es by the Company. These Slides do not comprise an admission document, lis3ng par3culars or a prospectus rela3ng to the Company, do not cons3tute an
Slide 3: Corporate Snapshot
Corporate Snapshot •AIM quoted (SOLG:LN): 8.75p •Shares on issue: 554.05m •Market cap: £48.5 m •Good liquidity •Board/management well invested • A$1.0 billion market cap precedents from major discoveries, e.g. Intrepid Significant Shareholders Mines discovery of Tujuh Bukit Cu-‐Au Directors and Mana
Slide 4: Value Creation Through Discovery
Value Crea?on 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 Mar?n Dr. Bruce Rohrlach Chief Execu?ve Officer Chief Geologist •Canadian, geologist for Delta Gold in 1980’s • 24 years in Australia, Philippines, PNG, Indonesia, South America. •20 yrs in Austra
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 Poten?al WHY IS IT THERE? l Andean Copper Trend is the world’s richest – Escondida, El Cobre etc l Thick oceanic ridges enhance the metal contents in porphyries WHY IS IT AVAILABLE TO US? l Ecuador is under explored – exis3ng majors, Codelco & Tongling Non
Slide 8: Cascabel: Low Elevation, Close to Power, Port & Major Highway
Cascabel: Low Eleva?on, Close to Power, Port & Major Highway • 3 hour drive from Quito; • Eleva3on 1500 to 2100m; • 150km from the deep water port of Esmeraldas. Cascabel Page 8
Slide 9: Cascabel: In The Company Of Giants
(ore) Cascabel: In The Company Of Giants Sphere size denotes Page 9 contained Cu (mt)
Slide 10: Miocene and Jurassic Metallogenic Belts of 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 con3nental 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 Poten?al 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
Magne3cs 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 Toac
Slide 16: The Alpala 3D Magnetic Model Points To Copper Porphyry Mineralisation
The Alpala 3D Magne?c Model Points To Copper Porphyry Mineralisa?on 3D Inversion Model of Magne?c Survey Data Spanning the Broader Alpala Region. The magne3c apophysis (red shape) which extends above the modelled magne3c batholith underlies the southeast Alpala region. The area around the margins of
Slide 17: Porphyry Cu-Au Target at Alpala Lies above a Magnetic Apophysis
Porphyry Cu-‐Au Target at Alpala Lies above a Magne?c Apophysis
Slide 18: Magnetic Apophysis Illustrates the Porphyry Target
Magnetic Apophysis Illustrates the Porphyry Target Magnetic 3D Inversion Model Sec?on at 83,400 mN through the Magne?c 3D Inversion Model. The sec3on 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 Magne?c 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 Mineralisa?on Magne?c apophysis (1 x 0.5 km) underlies two lobes of acid altera?on in a 2 x 1 km lithocap. Page 21
Slide 22: Classic High Grade Porphyry Mineralisation at Cascabel
Classic High Grade Porphyry mineralisa3on at Cascabel Copper associated with magne3te 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, magne3te and pyrite and bornite chalcopyrite veinlets Page 22
Slide 23: Surface Channel Samples & Stage 1 Drillholes
Surface Channel Samples & Stage 1 Drillholes Page 23
Slide 24: Cascabel Lithocap as Extensive as Tujuh Bukit
Cascabel Lithocap as Extensive as Tujuh Bukit Comparable Poten?al 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 24
Slide 25: 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 26: Drill Hole Intersects Porphyry Copper Mineralisation
Drill Hole 1 – Intersects Porphyry Copper Mineralisa3on
Slide 27: Strongly Sheeted Quartz Veins with Chalcocite Mineralisation
Strongly Sheeted Quartz Veins with Chalcocite Mineralisa3on Page 27
Slide 28: Porphyry Stockwork Veins with Chalcopyrite
Porphyry Stockwork Veins with Chalcopyrite Page 28
Slide 29: Targets and News Flow
Targets and News Flow Cascabel News Flow ü 3D Magne3c Modeling Completed ü Trenching completed ü Environmental License received ü Drilling of Phase 1 program commenced 1st September Qld & Solomon Islands •Explora3on results under review Page 29
Slide 30: Thank you
Thank you SolGold CEO Alan Mar?n (centre) with President of Cornerstone Ecuador Yvan Crepeau (leo) with Cornerstone geologists and explora?on personnel from Santa Cecilia village. Page 30
Slide 31: Appendix: About Ecuador
Appendix: About Ecuador Area: 280,000km2 (slightly larger than Victoria) Popula?on: ~14 million Currency: US$ Language: Spanish Corporate Tax: 22% Royal?es: 5-‐8% Labour Obliga?ons Tax: 15% VAT 12% Other taxes: Subject to capital recovery and commodity prices Security/safety: Good (beVer than Phili
Slide 32: 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,
Slide 33: Elephant Country - Cascabel is 60 kms NE of Junin
Elephant Country -‐ Cascabel is 60 kms NE of 982 mt @ 0.9% Cu (Junin) Major Structures Cu-‐Au Rich Source Intrusions Fer?le Miocene Intrusive Complexes Page 33
Slide 34: The Carmen-Alpala Interpretative Long Section
The Carmen-Alpala Interpretative-Long Section Developing geological model and interpreta?ve (1:1 scale) long-‐sec?on through the Alpala region. The two lithocap remnants (orange areas) that cap the Alpala porphyry Au-‐Cu system were once likely con3guous across the Alpala valley. The ver3cal rela3
Slide 35: 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 35
Slide 36: Field work at Alpala
Field work at Alpala Alpala lithocap SolGold CEO Alan Mar?n (leo) and Yvan Crepeau inspect Alpala Prospect, Cascabel Project.
Slide 37: Cascabel: Nursery for Local Community
Cascabel: Nursery for Local Community Page 37
Slide 38: Lemon Trees for Local Community
Lemon Trees for Local Community Page 38
Slide 39: Gold (Silver) Projects, Australia
Gold (Silver) Projects, Australia Page 39
Slide 40: Rannes - Many Untested Prospects
Rannes-‐ Many Untested Prospects Page 40
Slide 41: Copper-Gold, Solomon Islands
Copper-‐Gold, Solomon Islands Fauro & Kuma (100% SolGold), prospec?ve for Cu-‐Au porphyry & epithermal Au deposits
Slide 42: Copper-Gold, Solomon Islands
Copper-‐Gold, Solomon Islands Fauro & Kuma (100% SolGold), prospec?ve for Cu-‐Au porphyry & epithermal Au deposits
Slide 43: Concealed Porphyry Target at Kuma Project, Solomon Islands
Concealed Porphyry Target at Kuma Project, Solomon Islands Page 43
Slide 44: www.solgold.com.au
www.solgold.com.au Qualified Person Informa3on in this report rela3ng to explora3on results is based on data reviewed by Mr Nicholas Mather (B.Sc. Hons Geol.), an Execu3ve Director of the Company. Mr Mather is a Fellow of the Australasian Ins3tute of Mining and Metallurgy who has in excess of 25 year