SolGold PLC · AQUISUK:SOLGL
SolGold — 121 Mining Investment Conference - Oct 2015 - Hong Kong
40 slides from SolGold's conference presentation, October 2015
Slide 1: Towards a World-Class Copper-Gold Development
TOWARDS A WORLD-CLASS COPPER - GOLD DEVELOPMENT 1 121 Mining Investment Conference - Oct 2015 - Hong Kong
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND 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 cons
Slide 3: SolGold is about Cascabel
SolGold is about Cascabel • Eocene Andean Copper belt – Worlds Richest!! • Ecuador opening for business – fabulous infrastructure • Motivated and invested management • Highly accomplished technical team and state of the art geophysics • Gold rich high grade copper discovery • World class intersectio
Slide 4: SolGold Now
SolGold Now • 760m shares • AIM listed – London – market cap AUD 39M • Approximately 2000 shareholders • Turnover averages 3M shares/day • Experienced Board and Operators • Strong Technical Focus and $ in the ground • Growing fund and institutional interest • Targets discovery based re-rating Imperi
Slide 5: Cascabel Project
SolGold has acquired 85% of ENSA and 11% of Cornerstone - US$30m to date UK AIM listed SolGold plc (LSE: SOLG) USD $30M 15% $1.4M 85% CORNERSTONE TSX Listed 15% Capital Resources USD $30M 100% Cascabel Project 5 WWW.SOLGOLD.COM.AU
Slide 6: Ecuador promoted as mining friendly country
• President Correa promoting Ecuador as an exploration & mining friendly country • Continual improvements in tax and mining law reform • Lundin Mining creates Lundin 25.5 22 Gold to acquire Fruta Del Norte gold deposit for US$240m, strong endorsement for Ecuador 15 25.5 12 Corporate tax Labour Oblig
Slide 7: High grade gold factor enriches the Andean Copper belt
High grade gold factor enriches the worlds best – The Andean Copper belt Cerro Colorado 1300mt @.76% Cu Cobre Panama 3270mt @ .36 % Cu • Ecuador is Under Explored • Cascabel - same metallogenic La Colosa belt as some of 904 mt @.92Au the world’s largest porphyry copper and gold Cascabel deposits: Ju
Slide 8: Chilean porphyries high and dry; Ecuador underexplored
Chilean porphyries - high and dry. Ecuador – underexplored Escondida visible from the air Ecuador- Now able to identify the target areas beneath the jungle and cloud Looking over Alpala Camp, Cascabel 8 WWW.SOLGOLD.COM.AU
Slide 9: There is a lot of Gold in Ecuador
There is a lot of Gold in Ecuador Incas found it……. The Conquistadors used it……… 9 WWW.SOLGOLD.COM.AU
Slide 10: Ecuador ore bodies are concealed
Chile is arid & ore bodies exposed - Lots of them Ecuador is sub-tropical, ore bodies are concealed & yet to be discovered! 10 WWW.SOLGOLD.COM.AU
Slide 11: Cascabel
• 4 hour drive from Quito • Elevation 1500m Cascabel • 200km from the deep water port of Esmeraldas • Power and water nearby • Local labor 11 WWW.SOLGOLD.COM.AU
Slide 12: Fabulous roads: an infrastructure advantage
Fabulous roads..….an infrastructure advantage heading to Cascabel 12 WWW.SOLGOLD.COM.AU
Slide 13: Track Record of Discovery and Delivery of Shareholder Value
Track Record of Discovery and Delivery of Shareholder Value Jason Ward Alfredo Cruz, Santiago Vaca Nick Mather President ENSA and Accomplished Ecuadorean Executive Director Country Manager Geologists Dr Steve Garwin Priy Jayasuriya Dr Lazaro Roque Albelo Copper Gold Porphyry Chief Financial Officer
Slide 14: Safe, Caring and Responsible
Safe, Caring and Responsible • Onsite medical Clinic – 2 medics • Regular safety meetings & training drills • An excellent safety record • Sponsors community enterprises • Environmental monitoring underway • Schools assistance • Tree nurseries • Fish farms • Service providers • Transport and labour
Slide 15: Cascabel: Alpala is one of a cluster
CASCABEL: Alpala is one of a cluster! Site Offices Rocafuerte State of the art geophysical surveys: CHINAMIBCITO magnetics over 50km2 Known Porphyry Centre: AMERICA_TANDAYAMA • Alpala Central AGUINAGA Santa Cecelia Five untested inferred porphyry centres: • Alpala NW ALPALA NW • Alpala SE ALPALA CEN
Slide 16: All have classic porphyry signatures in soils
All have classic porphyry signatures in soils Soil RTPMolybdenum Magnetics Soil Manganese Soil Cu/Zn Ratio WWW.SOLGOLD.COM.AU
Slide 17: The Sulphides shine out at Alpala
The Sulphides shine out at Alpala! ALPALA NW IP (Induced Polarisation) survey over 14 km2 ALPALA CENTRAL ALPALA SE New discovery @ T2, SE Alpala, chalcophyrite, IP bornite, chalcocite & (Induced Polarisation) survey over 14 km2 molybdenite in outcropCristal Target CRISTAL WWW.SOLGOLD.COM.AU
Slide 18: Geochemical & Mineralogical zonation Alpala Porphyry System
Geochemical & Mineralogical zonation Alpala Porphyry System Principal Boundaries ALPALA NW ALPALA CENTRAL ALPALA SE Discovery Outcrop CRISTAL 18 WWW.SOLGOLD.COM.AU
Slide 19: High Priority Porphyry Centres
3 High Priority Porphyry Centres LEGEND Structure Drainage IP Chargeability >65 msec At 800m depth ALPALA NW MT Conductor <120 Ohm-m at 1000m depth MVI Magnetics >0.008 SI ALPALA At 1000m depth CENTRAL MVI Magnetics >0.008 SI At 800m depth Lithocap Surface Outline ALPALA SE (Paragonite-Phengite / Ph
Slide 20: Compelling Geophysical Signature: Aguinaga
Compelling Geophysical Signature AGUINAGA - central mag high, annular mag low, highly chargeable root CHINAMIBCITO A AMERICA_TANDAYAMA MVI Magnetic Inversion Model >800 nT IP Chargeability Model >145 msec AGUINAGA A B A B B ALPALA NW ALPALA CENTRAL ALPALA SE CRISTAL 20 WWW.SOLGOLD.COM.AU
Slide 21: Convincing Geochemical Signature: Aguinaga
Convincing Geochemical Signature AGUINAGA - central Cu-Mo-Au, peripheral Zn-Mn porphyry signature Outcropping porphyry – potassic alteration, 0.29g/t Au, 1420ppm Cu 21 WWW.SOLGOLD.COM.AU
Slide 22: We test these with a man-portable rig
…..we test these with a man-portable rig Man portable Hydracore 2000 – modified for drilling to 1850m @30m /day 22 WWW.SOLGOLD.COM.AU
Slide 23: Hole 11
Hole 11 High grade extension along the NW margin of Alpala Central 23 WWW.SOLGOLD.COM.AU
Slide 24: Hole 12
High grade extension remains open Hole 12 towards the SE of Alpala Central 24 WWW.SOLGOLD.COM.AU
Slide 25: Bring on the bornite!!
Bring on the bornite !! Bornite is the most important copper rich sulphide species in Porphyry copper gold orebody endowment around the world ! 25 WWW.SOLGOLD.COM.AU
Slide 26: SolGold taking up the growth potential in copper
Solgold taking up the growth potential in copper “The global copper industry will need to add the equivalent of a new Escondida mine every 15 months over the next 10 years in order to meet global demand,…” Rio Tinto copper boss Jean-Sébastien Jacques, January 7, 2015 The Eocene Escondida Mine, Chile
Slide 27: Where are the best new porphyry copper-gold discoveries being drilled?
Where are the best, new porphyry copper-gold discoveries being drilled? British Columbia Central Europe Mongolia South West US Mexico Phillipines PNG Andean Copper Belts Cascabel Hole 1, 302m, 0.39 Cu, 1.00 Au Hole 2, 292m, 0.37 Cu, 0.30 Au Hole 5, 552m, 1.03 Cu, 1.05 Au Hole 7, 238m, 0.65 C
Slide 28: Cascabel has delivered some of the world's best porphyry intersections
Cascabel has already delivered some of the worlds best porphyry copper-gold intersections. Grade Grade Grade Company Property Location Drill Hole ID Interval (m) (cu_%) | (Au_g/t) | (Cu.Eq_%) Codeico Chiquicamata*** Northern Chile - - - Codelco El Teniente*** Central Chile Kennecott Bingham Canyon U
Slide 29: Alpala could be as big as La Colosa
Alpala could be as big as La Colosa Alpala, Cascabel La Colosa, Colombia > 24 Million Ounces Au La Colosa 2900 m RL plan Alpala Central 900 m RL Level Plan 500m Same scale MVI Magnetic Model (>0.016 SI) - sliced at 900m RL MVI Magnetic Model Isosurface Preliminary Interpolant (> 0.7% CuEq) – sliced
Slide 30: Could Alpala be as big as Golpu?
Could Alpala be as big as Golpu ? Wafi-Golpu, Papua New Guinea SW Alpala, Cascabel NE 20.3 MOz Au and 9 MT Cu (2013) SW NE 400m - 0m - 400m - -400 m 800m - 250 m Same scale 250 m Same scale Preliminary Interpolant (> 0.7% CuEq) 30 WWW.SOLGOLD.COM.AU
Slide 31: Coarse Gold Rich Copper Sulphides
Coarse Gold Rich Copper Sulphides — HOLE 5 2.97% Cu & 4.09 g/t Au, US$360/t ~~ CS)-13-O05 1AOF-2Om, WWW.SOLGOLD.COM.AU
Slide 32: Coarse Gold Rich Copper Sulphides – Hole 9
Coarse Gold Rich Copper Sulphides – HOLE 9 32 WWW.SOLGOLD.COM.AU
Slide 33: Coarse Gold Rich Copper Sulphides
Coarse Gold Rich Copper Sulphides — HOLE 9 3.99% Cu & 7.92g/t Au, USS580/t ! CSD-14-009_1300.0m WWW.SOLGOLD.COM.AU
Slide 34: Alpala Central Preliminary Copper Model
( “sy Alpala Central Preliminary Copper Model Ny —
Slide 35: SolGold makes the Grade!
Sublevel Cave Block cave SolGold makes the Grade ! 35 WWW.SOLGOLD.COM.AU
Slide 36: Suited to underground development
SolGold will make use of the terrain…….. ……Suited to underground development Heading Up to Alpala Looking back down to Rocofuerte 36 WWW.SOLGOLD.COM.AU
Slide 37: Alpala is suited to underground development
Alpala is suited to underground development SW NE Alpala Aguinaga 1250m 1800m <<< MVI Magnetic & IP Charegebility Models <<< Alpala Central San Pedro Preliminary Copper Model Potential Decline • 5700m of development • Vertical gains - Alpala Central 1800m - Aguinaga 1250m 37 WWW.SOLGOLD.COM.AU
Slide 38: Increase drilling rates and results flow
1. Increase drilling rates and results flow 2. Resource statement next 12-18 months 3. Metallurgy and Engineering studies to commence during 2015 4. Scope out economic parameters 5. Cascabel regional – drill more targets 6. Apply the SolGold blueprint to other prospective regions of Ecuador 38 WWW.S
Slide 39: Thank you!
Thank you! Photo (left) – Chalcopyrite from Hole 5 – 1.7% Cu & 1.9 g/t Au, 1204.1m Photo (right) – Chalcopyrite from Hole 9 – 1.18% Cu & 2.26 g/t Au, 764m 39 WWW.SOLGOLD.COM.AU
Slide 40: Contacts
Qualified Person CONTACTS Information in this report relating to the exploration results is based on data reviewed by Nicholas Mather(BSc (Hons), Executive Director. Mr Mather is a Member of the Australasian Institute of Mining and Metallurgy who has in excess of 34 years’ experience in mineral expl
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