SOLG, page-34

Ref: Solgold*s Ann, Wed 6 June 2018 [As above]

Solgold Corporate Presentation, May 2018 London
www.solgold.com.au/presentations/ [Click-48 pgs]

1) ALPALA MRE- 3 Jan 2018 - "1.08 Bt @0.68% Cu Eq"
Waiting for updated MRE-see announcement today, Wed 6 June 2018

<> "Alpala has strong similarities to GOLPU [Pg 25]. Golpu 2016: 1,000Mt @0.9% Cu and 0.6g/t Au. Alpala is softer and getting bigger."

2) "TRIVINO & MORAN could DOUBLE the size of ALPALA." [pg 26 & 27]
So, say, simple maths 1.08Bt x 2= 2.16 Bt [If]

Today*s Solgold ann, 6 June 2018 gives initial detail of Trivino test drill [pl check]

Pg 17 - CLUSTER -7 tested to date: Alpala NW/Central/East, Southeast, Hermatite Hill, Aguinaga. Alpala NW extending to Trevino, Rig now drilling Aguinaga & TANDAYAM AMERICA TO BE DRILLED THIS YEAR. 15 likely targets identified.

<>Pg 16- "STATE OF ART GEOCHEMICAL MODELLING"
From the map given, it appears that the prominent targets are:
1}ALPALA CENTRAL/East/South/SE/NW & Hermatite Hill.
2} ALPALA WEST
3} AGUINAGA
4} TANDAYAMA AMERICA
5} TREVINO & MORAN [Not in red yet]

Comment:
From recall of the time of the BHP proposal to Solgold, one article mentioned that BHP was interest in 5 targets.

As for Aguinaga, this said presentation does not give details but I have posted on Hot Copper about this target at Cascabel, Ecuador before which was akin to Alumbrera per an earlier presentation. From recall it is almost half of the current Alpala MRE size. Please check.

So, just simple maths, IF the potential comes to fruition then Alpala MRE 1.08Bt, Trevino & Moran [potentially double] 2.16Bt, Aguinaga say 400 Mt [recall of akin to Alumbrera], Alpala MRE update [not known yet but common knowledge of updates are usual within a range].

So, that gives some idea of the potential size just from what is given as potential. So until Tandayama America is drilled this year [2018], we will have to wait to see.

Please note that POTENTIAL is not fact yet except for Alpala MRE, 3 Jan 2018.

Please check. Not a recommendation to buy. For discussion. DYOR.
Capital at Risk.