SOLG MRE, page-30

Sun, 4 Feb 2018

SOLGOLD - London Main Mkt
Price: 22.2 British pence
Shares in Issue: 1.696 million shares
Mkt Cap: £376 million

Solgold
Link: www.solgold.com.au/presentations/
Click Nov 2017 Corporate Presentation [Latest on their website www.solgold.com.au ]

Highlights:

Page 2- "Solgold-Delivery of  New Copper Province"
"Industry Endorsement:
Newcrest
BHP Failed JV Proposal
NUMEROUS REVIEWS UNDER CONFIDENTIALITY"

Page 7-Map
"Cascabel - Est agg targets up to 10 BT @0.6% Cu & 0.6% Au [1% Cu Eq]

Page 27- Block Cave Mining - $3 billion C a p e x
Mining Rate: 40 Mtpa @0.9% Cu Eq
Recovery 90%
Revenue: $2.138b (plus any increase from copper & gold price increases)
Operating Surplus: $1.536b-$1.216b pa

No Need for Road [$500m], Town [$50m], Power Station [$50m], Power Line [$400m], Water Pipe [$500m], Desalination [$1b] & Port [$500m] = S a v i n g s Approx $3b

Revenue @90% recovery & 0.9%  Cu Eq
$2.138b
Operating Surplus $1.414b
Tax @ 22% $311m

After Tax [Modelled] $1.103b

"The info on this slide is not part of a feasibility assessment and conceptual in nature. This info should not be relied for economic evaluation.  All figures in USD. Metal price assumptions copper $3/lb/Gold $1250/oz."

Comment:

The above "Numerous Reviews Under Confidentiality" is interesting.

I note from stock forums, the above figures is not common knowledge.  I quote from a post on 3 Feb 2018: "Anyone got a rough idea how much it would cost to build a block cave at Alpala?"

Please check as there can be typo errors.