SolGold

Website: www.solgold.com.au
Primary ticker: LSE:SOLG; TSX:SOLG
Stage of development: Exploration/Development
Primary minerals: Copper, Gold
Project to promote: Cascabel

Live financials

SolGold’s primary objective is to discover and define world‐class copper‐gold deposits, with an exploration focus on its flagship project, Cascabel, located in Ecuador.

SolGold’s Alpala deposit, just 1 of 15 targets identified within the 50km2 concession, continues to grow with each new drill.

SolGold published at Maiden Resource Estimate for Alpala in Jan 2018. 140,000m of drilling has been completed to date along the greater Alpala trend. 12 drill rigs are currently active at Cascabel with approx. 20,000 meters planned for the rest of 2018.

Management Profile

Nick Mather – CEO

Nick’s area of experience and expertise is the financing and development of unrecognised resource exploration opportunities. He has been an executive and investor in the junior resource sector at all levels for more than 30 years and in that time, has been instrumental in the delivery of major resource projects resulting in nine (9) corporate transactions delivering over five (5) billion dollars to shareholders.

Nick also sits on the board of IronRidge Resources, Aus Tin Mining, Dark Horse Resources and Lakes Oil. Nick is Managing Director and co-founder of DGR Global Limited.


Jason Ward – Country Manager

Jason is an exploration geologist with 20 years’ experience in a wide variety of commodities and deposit types with a specialization in gold and copper. He has an extensive track record of successfully managing exploration teams working with a wide variety of cultures in challenging terrains and remote locations around the globe including the South Pacific Rim, the Middle East, South and Central America, SE Asia and the Arctic.

Jason is Exploration Manager for the Cascabel Project as well as SolGold’s Ecuadorean Country Manager and President of the Cascabel Project holding company, Exploraciones Novomining S.A. (ENSA), which is 85% owned by SolGold.

Jason has worked for SolGold since its inception, playing a leading role in the exploration of the Company’s founding projects in the Solomon Islands.  He has developed, over the last 20 years, outstanding skills in landholder relations, local labour force development and project and exploration management and is applying these skills at Cascabel to the great benefit of SolGold.


What is your rationale for attending 121 Mining Investment?

With a significant update to the mineral resource estimate at Alpala and the publication of the company’s preliminary economic assessment planned in the next six months SolGold continues to keep shareholders informed of the company’s progress, whilst also looking for new investors. We see significant value to be added over the next 12 months both from development at Cascabel and the other 10 regional projects we have identified in Ecuador

What recent news would you like to highlight to investors attending?

16 Oct – SolGold Raises £45m at 45p per share from BHP

05 Oct – Cascabel Update – MRE Revision Dec 2018

05 Sept – BHP Billiton acquires shares from Guyana Goldfields

20 Aug – Over 100km of additional drilling since MRE to provide strong resource base at Alpala

13 Aug – Large, more cohesive high-grade core revealed at Alpala

18 July – 10 priority projects identified across Ecuador in regional programme

What are your key goals for the next 3, 6 and 12 months?

3 Months:

-Update of Mineral Resource Estimate

-Further exploration and discoveries in subsidiaries across Ecuador

6 Months:

-PEA on Alpala

12 Months:

-Bankable feasibility at Alpala

-Further exploration and discoveries in subsidiaries across Ecuador

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Conducting global exploration requires an indepth understanding of the regulation in all jurisdictions as well as the local geology. The risks associated with SolGold include a risk of funding, geological inconsistencies, permitting approvals from local governments, land access issues, geopolitical, regulatory and sovereign risk as well as currency fluctuations. SolGold has an experienced team well versed to discovering and delineating economical resource projects. SolGold have formed relationships with the governing bodies of the respective jurisdictions where the company’s projects lie to deliver the best results for their shareholders.

In a sentence, what do you think makes your company such a compelling investment?

Cascabel: the most significant copper-gold porphyry discovery in 10 years