Slide 1: World Class Copper-Gold Discovery
WORLD CLASS COPPER-GOLD DISCOVERY CASCABEL, NORTHERN ECUADOR solgold.com.au 1
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: Investment Highlights
Investment Highlights • Located in the Andean copper belt – world’s richest Evolving • Gold endowed northern section Mining Jurisdiction • Ecuador now open for mining business • Outstanding infrastructure • Highly accomplished technical team Positioned • Motivated and invested management to Succeed
Slide 4: Cascabel Project Location
Cascabel Project Location • 3 hour drive from Quito • Elevation of 1,500m • 180 km from a deep water port at Esmeraldas • High voltage power source nearby • Local workforce • World class roads • Abundant water available solgold.com.au 4
Slide 5: Capital Structure
Capital Structure Capital Structure – 8 September 2016 Cascabel Ownership Structure Shares Outstanding 1,222,716,605 11% (Equity Interest) Options 13,880,000 Warrants 11,758,038 Fully-Diluted 1,248,354,643 85% 15% (JV interest) JV Interest Market Capitalization (Basic) GBP145M Net Cash Balance as at
Slide 6: Endorsements From Tier-1 Miners
Endorsements From Tier-1 Miners • Guyana Goldfields owns 6.65% of SolGold • Announced conditional agreement on August 30, 2016 whereby Newcrest would acquire 10% of ̶ Invested as part of US$21.5M financing in SolGold August 2016 with Maxit Capital ̶ Would provide an additional US$11M to • Scott Cald
Slide 7: Ecuador – Positive Change for the Mining Sector
Ecuador – Positive Change for the Mining Sector • Politically stable ̶ Elected President (Rafael Correa) in power since 2007 • GDP historically supported by oil industry ̶ Provided basis for significant infrastructure build-out, and social security platform • Significant improvements to mining law t
Slide 8: Ecuador – Significant Untapped Porphyry Potential
Ecuador – Significant Untapped Porphyry Potential Chile is arid & ore bodies exposed Cascabel is Eocene Ecuador is sub-tropical, ore bodies are 38.6Ma concealed and yet to be discovered solgold.com.au 8
Slide 9: Copper in Ecuador – Grade and Cost Advantage
Copper in Ecuador – Grade and Cost Advantage Current Copper Grades Advantages in Ecuador • Supportive government Mina Justa 1.3% - Reducing taxation imposts to facilitate resource development • Lundin sets a precedent at Fruta Del Norte Las Bambas 0.6% • Abundant cheap inputs (hydro power, water, la
Slide 10: Priority Targets
Priority Targets 14 porphyry centres being evaluated: 8 High Priority targets identified to date • Alpala Central • Moran – Trivinio • Alpala North West • Aguinaga • Alpala South East • Tandayama-America • Carmen • Parambas • Aggressive drill program planned: • 45,000m (end of Sept 17) • 6 drill rig
Slide 11: Porphyry Cluster - Strong Geochemical Soil Signatures
Porphyry Cluster - Strong Geochemical Soil Signatures High Soil Molybdenum Soil Manganese detection High Soil Cu/Zn Ratio Rocafuerte Rocafuerte Rocafuerte Site Offices Site Offices Site Offices CHINAMIBCITO CHINAMIBCITO CHINAMIBCITO TANDAYAMA -AMERICA TANDAYAMA -AMERICA TANDAYAMA -AMERICA Santa Ceci
Slide 12: Multiple Development Options
Multiple Development Options Global Block Cave Copper-Gold Mines in Operation or Development Cu-Au grades and relative deposit size Cascabel makes the grade solgold.com.au 12
Slide 13: Potential Open Cut & Underground Development
Potential Open Cut & Underground Development Potential - 6000m (twin) decline development (vertical gains: Alpala 1800m / Aguinaga 1250m) PLAN VIEW ● Aguinaga RL is near surface Rocafu Site erte Office ● Alpala-Moran deeper with footprint comparable to Hugo Dummett CHINAMBICIT O ● Justified by 80 dr
Slide 14: Global Porphyry Cu-Au Intersections
Global Porphyry Cu-Au Intersections • Copper and gold porphyries host Operator property Location Interval (m) Cu (%) Au (g/t) Cu.Eq (%) Cu.Eq (m%) large volumes of the two most in demand metals in the world Codelco Chilean Giants Northern Chile unknown unknown unknown unknown unknown Kennecott Bingh
Slide 15: Aguinaga – Compelling Geophysical-Geochemical Signature
Aguinaga – Compelling Geophysical- Geochemical Signature • Central magnetic high, annular magnetic low, highly chargeable root solgold.com.au 15
Slide 16: Aguinaga Similarities to Alumbrera
Aguinaga Similarities to Alumbrera Aguinaga Grasberg Potassic zone: • ~5-10% magnetite Discreet central magnetic high: • Chalcopyrite-magnetite mineralization Indonesia Red ~ 1000nT Red ~ 2000nT Surrounded by an annular Batu Hijau Alumbrera magnetic low: • Magnetite destructive alteration Indonesia
Slide 17: Alpala has strong similarities to Golpu
Alpala has strong similarities to Golpu ● Scale Comparison to Golpu Deposit……. How quickly a porphyry deposit can grow! Source: Newcrest – Adapting to Exploration in the 21st Century 27 June 2016. solgold.com.au 17
Slide 18: Moran-Alpala Potential like Oyu Tolgoi
Moran-Alpala Potential like Oyu Tolgoi Moran-Alpala Hugo Dummett – Oyu Tolgoi With more drilling, the greater Moran-Alpala trend could be as large as the Hugo Dummett Deposit solgold.com.au 18
Slide 19: Safe, engaging and responsible
Safe, engaging and responsible Health - Safety - Environment • On site medical clinic – 2 professional medics • Regular safety meetings & training drills • Excellent safety record • Baseline and environmental monitoring • Zero lost time incidents to date Community Relations Focus • Sponsoring commun
Slide 20: Management & Board of Directors
Management & Board of Directors Management Non-Executive Directors Name / Position Biography Name / Position Biography • 34+ years experience in exploration and resource • Partner at Brisbane-based law firm Hopgood Ganim Nicholas Mather company management Brian Moller Lawyers Executive Director • CE
Slide 21: The Future is Fast and Robust
The Future is Fast and Robust 2016-17 Maiden Resource • Field work & aggressive 12 month drill program* ̶ 45,450m from 6 rigs ̶ Maiden resource at Alpala 2017-18 Resource Definition ̶ Expand Alpala and confirm deposit status at Moran • Increased drill program and Aguinaga, Carmen and ̶ Up to 10 rigs
Slide 22: Contact Information
Contact Information Nicholas Mather Jason Ward Executive Director President of ENSA and Exploration Manager Office: +61 7 3303 0660 Office: +593 2601 1021 / 298 6606 Mobile: +61 417 880 448 Mobile: +593 (0) 99 0503 077 Email: nmather@solgold.com.au Email: jward@ensaecuador.com solgold.com.au 22
Slide 23: Appendix
Appendix
Slide 24: Preliminary Copper Interpolants – Alpala
Preliminary Copper Interpolants – Alpala solgold.com.au 24
Slide 25: Alpala – High Grade Core (0.6% cut-off)
Alpala – High Grade Core (0.6% cut-off) Note: Resource figures are internal estimates and are not JORC or NI 43-101 complaint. solgold.com.au 25
Slide 26: Alpala – High Grade Core (1.0% cut-off)
Alpala – High Grade Core (1.0% cut-off) Note: Resource figures are internal estimates and are not JORC or NI 43-101 complaint. solgold.com.au 26
Slide 27: Alpala – High Grade Core (1.0% cut-off)
Alpala – High Grade Core (1.0% cut-off) Note: Resource figures are internal estimates and are not JORC or NI 43-101 complaint. solgold.com.au 27
Slide 28: Alpala – Cross-Section
Alpala – Cross-Section Note: Resource figures are internal estimates and are not JORC or NI 43-101 complaint. solgold.com.au 28