SolGold

Company Exposure

Copper and Gold

Company Listing

SolGold

Stock Code

LSE:SOLG, TSX:SOLG

Company Overview



SolGold is a copper gold exploration and future development company with assets in Ecuador, Solomon Islands and Australia. SolGold’s primary objective is to discover and define world‐class copper‐gold deposits in Ecuador with the goal of becoming a tier 1 integrated copper explorer, developer and producer through organic growth. The company is the largest tenement holder in Ecuador, and has the largest exploration team and the most active exploration programme across the country. Earlier in 2018 SolGold released a released a Maiden Resource Estimate for the Alpala deposit which can be viewed on the next page. SolGold is focused on expanding the resource and working to complete a pre-economic assessment. Initial exploration is also being undertaken across the company’s 3,200km2 regional concession holding.

Investment Proposition

  • WELL FUNDED – US$85m cash
  • STRONG TECHNICAL EXPERTISE – 86 exploration geologists on the ground
  • EXPERIENCED TEAM – Significantly experienced team with a track record of discovery and delivery of shareholder value
  • SUPPORTIVE JURISDICTION – Pro-mining regulatory and fiscal framework in Ecuador
  • FIRST MOVER ADVANTAGE – Amassed largest concession holding on the northern section of highly endowed gold rich Andean copper belt
  • ENDORSEMENT FROM NEWCREST – Blockcave experts owns 14.54% non-blocking shareholding
  • SUCCESS AT CASCABEL – Discovered a world-class, tier 1, copper-gold discovery
  • NEW DISCOVERIES IN ECUADOR – High grade copper and gold southern porphyry project and high grade gold at Blanca Nieves
Live Financials

Price: p26.80
Shares Outstanding: 1.70B
Market Capital: £454.59M
Year High: p46.81
Year Low: p0.27
Latest Announcements

Share Price Performance

Team

Nicholas Mather – CEO
Brian Moller – Chairman
John Bovard – NED
Dr Robert Weinberg – NED
Craig Jones – NED (Newcrest appointee)
Jason Ward – Country Manager
Benn Whistler – Technical Services Manager
Anna Legge – Public Relations, Investor Relations

Major Shareholders

Newcrest Mining – 14.54%
DGR Global – 12.07%
Cornerstone Capital Resources – 10.03%
Tenstar Trading Ltd – 9.44%
Guyana Goldfields Inc – 6.08%
Top 20 Shareholders – 65%
Board Management – 6.68%

Receive Company Updates


Projects Overview


Flagship Project – Cascabel

A well located world-class project

  • 3 hour drive from Quito
  • 180km from a deep water port at Esmeraldas, 100km from port at San Lorenzo
  • International hydro power network 30km – 5 – 8c per KWH
  • Local workforce
  • Excellent sealed, multi lane roads
  • Fresh water adjacent
  • Elevation 600 – 1,800m
  • Delivers significant CAPEX advantages for SolGold at Cascabel (compared to a virgin development in high Chilean Andes)

SolGold owns 85% of the Cascabel project through the local subsidiary Exploraciones Novomining S.A. (ENSA). TSX-V listed Cornerstone holds the remaining 15% and is debt-funded to feasibility, after which Cornerstone reduces to a 0.5% NSR if it cannot contribute to no less than 10% to development costs. SolGold can purchase NSR for US$3.5M.

Cascabel is a cluster of 15 porphyry targets

To date SolGold has:

  • Spent US$100m on 92km drilling, 50km air mag, 30km IP and ground mag
  • Halved Drilling costs from US$1,100 per metre to US$500 per metre

Delivering results:

  • Consistent intersections over 1km @ ≥ 1% Cu Eq
  • 30% of drill holes in top 40 in copper gold porphyry exploration history
  • Extraordinary gold credits 1:1 g/% copper
Alpala- Maiden Mineral Resource Estimation

  • Estimate across both indicated and inferred classifications, some 40% of which is in the Indicated category (by tonnage)
  • Contained metal content totals current 5.2 Mt Cu and 12.3 Moz Au, some 45% of which is within the Indicated category (by contained metal).
  • Higher grade core has a current 120 Mt @ 1.8% CuEq (2.0 Mt CuEq) at a 1.1% CuEq cut off, some 60% of which is in the Indicated category (by tonnage);
  • A further 100 Mt @ 1.0% CuEq (1.0 Mt CuEq) is added to the high grade core if a 0.9% CuEq cut off is used, some 50% of which is in the Indicated category (by tonnage)

Planned Work Programme For 2018

  • Extending and infilling the Alpala Central area
  • Expanding the system at Alpala Northwest and Trivinio.
  • Testing geochemical and magnetic targets at Alpala West and Carmen
  • Drilling commenced at Aguinaga
  • Commencement of exploration at Tandayama-America
  • Appointment of Study Manager for PEA
Resource Growth Potential – Trivinio and Moran Targets

  • Could double the size of Alpala
  • Porphyry target characterized by coincident magnetic highs at the base of a chargeable and conductive zone that lies within the 3D geochemical anomaly
  • Two holes planned at Trivinio with Rigs 7 and 8 following the completion of Holes 34 and 37 at Alpala
  • Schematic geological interpretation of a potential porphyry system beneath Trivinio coalescing with the Alpala porphyry system to the south interpreted by SolGold geologists

Regional Projects

Applying the successful Cascabel blueprint across Ecuador


SolGold is the largest tenement holder in Ecuador. Through four 100%-owned subsidiaries SolGold holds 73 concessions covering 3,200km2 of ground across Ecuador. Each company has its own technical team, led by experienced senior geologists.

 

La Hueca
  • Multiple mineralised targets located within a 25km porphyry corridor with copper to 13.8%
  • Planning underway to conduct 3D geochemical modelling to model target depth
Porvenir
  • Initial rock chip samples returned very high copper results of up to 4.27% Cu
  • Along with continued field prospecting, planning is underway to conduct 3D geochemical modelling to model target depth
Timbara
  • Two new outcrops of porphyry style mineralisation discovered. High grade copper rock chip samples returned
  • Exploration to move to targeted systematic mapping and rock chip sampling of anomalous streams and outcrops
Blanca Nieves
  • High grade epithermal gold quartz mineralisation
  • Immediately north of Cascabel
  • Rock chip samples returned high gold results up to 79.2g/t Au

Contact Details

WEBSITE: www.solgold.com.au

EMAIL: alegge@solgold.com.au

PHONE: +44 20 3823 2131

[easy-social-share buttons=”facebook,twitter,google,linkedin,print,mail” counters=0 style=”icon” template=”clear-retina” nospace=”yes”]