89:+(9) - proactiveinvestors.co.uk€¦ · mt perry project page 12 . a carlin style model for...

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Target 1m oz Target 1m oz

Target 4m oz

Target >20m oz Newmont earning 70% escalating expenditure to $5.2 m this year

•  Targeting a giant SW Pacific porphyry Copper Gold system in Solomon Islands •  Near term resources and production in Queensland Australia

How when and at what cost will we deliver?

!  Field season and news flow !  7,500 meters in six months with two operations bases

A strong Investment case

Intrusive feature Outline at depth - Concentric alteration features?

!  Huge targets in Solomon Islands look like Lihir and Bougainville (40m oz Au) !  Big company interest - Newmont ( earning 51 to 70%) spending $5.2m this

year on giant search on Guadalcanal !  Fauro a Lihir lookalike? (SOLG 100%) – How big?

!  Cohesive drill intersections in Queensland to lead to resources !  Rapid growth to 2m oz planned at Mt Perry and Rannes !  Strong predictable mineralisation and very big mineral systems !  Projects beside Cracow 2m oz Au and Rawdon 2m oz Au)

!  Strong News flow to come !  4 Drill programs, growing resources

!  Very low entry cost / Very high leverage to discovery = Great Value !  Board and management are strongly invested successful mine

finders

Resource Finders and Mine Developers


!  Nicholas Mather (Chief Executive Officer) Successful big project explorationist !  Cofounded Arrow $3bn and Bow Energy coal seam methane, Waratah Coal taken over for

$130m, 4.3bn coal and MD Bemax for Pooncarrie Mineral Sans discovery

!  John Bovard (Non Executive Director) Extensive South West Pacific mine builder expertise. !  Ex GM Ok Tedi during Project Phase, Project Manager / CEO for Porgera (PNG), Superpit (WA),

Phosphate Hill (Qld) and Ex CEO Australian Solomons Gold

!  Alex Thin General Manager – Ran SRK and Durban Deeps Ops

!  Jason Ward (Exploration Manager Solomons) Remote Operations specialist !  Diverse experience all around the world now focused on SW Pacific and Andean porphyries

!  Neil Wilkins ( Exploration Manager Australia ) !  Ex Cyprus Arimco !  SW pacific and US geological training

Small Company, tightly held !  193m shares Market Cap @ 7p £13.65m or A$0.12 A$22.5m !  Cash A$1.6 million (£ 1.0m) !  Board and management hold 19.3% !  Top 10 shareholder groups hold >65%,

!  Management and Directors – 19.3 % !  D’Aguilar Gold – 17% !  Funds 30%

!  LSE-AIM : SOLG

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An opportunity for a £100m company !  2m oz au target at Perry and Rannes !  4m oz au target at Fauro !  30% of a giant porphyry ? 6.6m equity oz !  12 m equity oz total @

"  $ 20/ oz 2 years £ 132m 50p target "  $100/ oz 5 years £ 660m 100p target

Mt Perry 6000 m drilling this year

•  – 1moz potential •  – over 50 gold copper and

molybdenum occurrences in the shadow of Mt Rawdon – 2m oz

!  Magnetics (texture) !  Radiometrics (colour) !  Geochemistry ( ) !  Historic Mines

Have delivered 9/10 success on drill targets to date

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Best Historic drill intersections

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Rannes - A Carlin lookalike?)

200km of new gold province

MT PERRY PROJECT

A Carlin style model for Extensive Gold mineralisation at Rannes

! Extensive low temp mineralisation ! Diagnostic chemistry rich in Hg, Sb, Th, As ! Sediment and volcanic hosts ! Carbonate/silica replacement

Central Minerals – Rannes Project SEDIMENT AND VEIN HOSTED GOLD

Cracow

Rannes

Rannes Project -6,000 m drilling this year

Drilling highlights at Rannes

New targets at Cooper (> 6 km long) and Police Camp Creek - Brother the biggest and strongest anomaly to date

FEBRUARY 2010

1 m Oz au targets

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Odyssey El Dente

Soggy

Crunchie

Fauro - rich gold prospects

169 g/t gold

161 g/t gold

Fauro volcanic rim outline at Fauro Island superimposed on the outline of the Lihir volcanic rim

Fauro – A Lihir lookalike?

A Fully Operational Base in the Capital, Honiara

!  Significant operational capability in Solomon Islands !  Most active SI explorer !  Successful management of landowner issues !  Unprecedented access to previously untouched targets

.2("$&#+$4)1:'$+-$A(,)!  Favourable logistics from Honiara !  Westminster style democracy !  Refined Mining Act)

Solomon Gold Plc active in a world class gold copper region 2010 program to focus on drill targets on Guadalcanal

Newmont expending US$12M by 5/3/13 for 70% of Guadalcanal Porphyry Projects

Brian Levet, Exploration Manager Asia Pacific Dan Power Senior Geologist Asia Pacific Newmont

Scale 10km

Vatuchichi

Hambusimaloso Vuanimaho

Chickora Kuma

Sutakiki

Mbina

Chupukama

!  Current !  Original

Gold Ridge 2m oz Au in development by Allied Goldfields

Porphyry Mineralisation At Kolotolaka (Chikora) and Taborora (Sutakiki looks like Bougainville)

Intrusive feature Outline at depth - Concentric alteration features? Taborora (Sutakiki)

SK001 300m @.6% Au and 0.15%Cu

Bougainville porphyry mineralisation

Sulphide minerals Quartz veins

Sutakiki Valley - High grade skarn at Valehilala

(SK11 Sutakiki) intersected 32m @ 9.45g/t gold from 108 m

Solomon Gold has defined 5 major mineralised centres to date and drilled 14,000 metres

Martabe – 5 million ounces in Indonesia

White Resistors

Gold Mineralisation

1 km

Hoistem 50M Depth Slice

Resistivity 50m Depth Slice

Airborne EM Resistors host gold mineralisation)

*Not owned by Solomon Gold plc

Copper rock chips results in percent copper Gold rock chips results in grams / tonne gold

1.18g/t Silicified volcanic

1.3

1.54 vuggy silica

1.54vuggy Au silica

Vuanimaho

4.9

7.6

54.4 4.4

16.9 9.6

9.4

8.8

6.5

3.19 quartz vein

4.1banded Qtz vein

2.28

1.59

1.11

9.04

Vatuchichi

Hambusimaloso 500ppm Copper in soil

Vuralaggomma

Kichia

Vuramindi

2.1

1.2

4.9

1.7

1.54 vuggy silica

1.52 vuggy Au silica

Mbetilonga best copper gold results and resistor targets

Resistor targets

4.1% copper

Conductive Copper rich Rim

Vuanimaho – A Martarbe lookalike?

Disseminated copper mineralisation in the conductive Rim at Hambusimaloso in erupted porphyry boulder – Where was the source?

Copper rock chips results in percent copper Gold rock chips results in grams / tonne gold

3.19 quartz vein

4.1banded Qtz vein

2.28

1.59

1.11

9.04

Vuralaggomma

Kichia

Vuramindi

2.1

1.2

4.9

1.7

1.54 vuggy silica

1.52 vuggy Au silica

Vuanimaho Porphyries – NO Sampling yet!

Resistor targets

Mbetilonga best copper gold Results, porphyries and resistor targets

7.6

54.4 4.4

16.9 9.6

9.4

8.8

6.5

Hambusimaloso 500ppm Copper in soil

Is Vuanimaho the source of the rich copper porphyries?

A huge copper porphyry target at Kuma

!  15km2 Strong silica cap and clay alteration zone evident in electromagnetics. !  Limestones provide rich skarn targets !  Strong copper mineralisation found in field – up to 11.7% !  Strong gold instream anomalies to 30ppb

A Concealed Porphyry under a caprock?

11.1ppb Gold 7.9% cu

6.7% cu

5.7ppb Gold

9.22ppb Gold

13.2ppb Gold 6.1ppb Gold

13.8ppb Gold

13.0 g/t Au & 11.7% cu

8.6ppb

Silver anomolies

Chikora

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5.7% copper and 7.7g/t gold at Levisivisi

Chikora – Extensive Porphyry copper Mineralisation

Solomon Gold Geologist Colin Midobatu maps trenches at Levisivisi

Rock saw channel cut at Kolotolaka

Rich copper mineral Bornite at Levisisvisi

Copper carbonates (Malachite) coating rocks in Legatugatu Creek

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 or invitation to purchase or subscribe for any securities of the Company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities in the Company.

The Slides and the accompanying verbal presentation are confidential and the Slides are being supplied to you solely for your information and may not be reproduced or distributed to any other person or published, in whole or in part, for any purpose. No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completeness or accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of the Company, directors, officers, employees, agents or advisors or any other person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying verbal presentation, and no liability is accepted by such persons for any such information or opinions or otherwise arising in connection therewith (including in the case of negligence, but excluding any liability for fraud).

The Slides contain certain statements and expressions of belief, expectation or opinion which are forward-looking statements, and which relate, inter alia, to the Company’s proposed strategy, plans and objectives or to the expectations or intentions of the Company’s directors. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and neither the Company nor Fairfax accept any obligation to disseminate any updates or revisions to such forward-looking statements. Any statement as to the past activities of the Company’s directors should not be relied upon as being an indication of their future performance.

The Slides have not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (“FSMA”). They are exempt from the general restriction on the communication of invitations or inducements to engage in investment activity set out in section 21 of FSMA on the grounds that they are directed only at those persons who have professional experience in matters relating to investments and who are: (i) investment professionals (within the meaning of article 19(5) of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the “FPO”)); (ii) persons or entities of a kind described in article 49(2)(a) to (d) of the FPO; and (iii) other persons who have professional experience in matters relating to investments and to whom it may otherwise lawfully be communicated (all such persons together being referred to as “Relevant Persons”). Any investment, investment activity or controlled activity to which the Slides relate is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons of any other description, including those that do not have professional experience in matters relating to investments, should not rely or act upon the Slides. Reliance on the communication set out in these Slides for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property invested or of incurring additional liability. Any individual who is in any doubt about the investment to which these Slides relate should consult an authorised person specialising in advising on investments of the kind referred to in these Slides.

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