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SolGold is Brisbane based and carries a diverse portfolio of exploration projects in Ecuador, Solomon Islands and Australia. SolGold's projects include, Ecuador, Cascabel in Joint Venture with Cornerstone Capital Resources, Guadalcanal and Fauro (Solomon Islands) and Rannes and Mt Perry (Queensland, Australia). The company is listed on London’s AlM Market under the AIM Code ‘SOLG’.

+61 7 3303 0660
Level 27, 111 Eagle St, Brisbane, QLD 4001.
Super Sector:
General Mining - Gold
Gold Mining
EPIC / Symbols:
*subject to change and depends on individual circumstances.

SolGold RNS Press Releases

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SolGold Articles, News, and Media Files

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SolGold Related Media

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Broker press

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  • 02/09/11

    Press: 02.09.11: -0.12, (16.13) Press: Solomon Gold fell despite a bullish circular from Fairfax. The shop broker has a target price of 32p and... read more

  • 31/01/11
    +0.25 +29.25

    Press: Solomon Gold rose after announcing good progress in drilling its first hole on its 100% owned Fauro Island Project in the Solomon... read more

  • 25/10/10
    +0.50 +34.25

    an article in the Mail reports: Solomon Gold fell 1.75p to 33.25p after a placing of 54million shares at 28p per share with institutional and private investors.

  • 15/09/10

    an article in the Mail reports: 15.09.10: -1, (11.25) an article in the Mail reports: Solomon Gold rose 5.13p to 11.75p after a sampling at its Fauro Island mine in the... read more

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
09/04/15 R.M. Weinberg TAKE 445,498 ORD 3.00 13,365 3,118,484 0.39
09/04/15 N. Mather TAKE 20,000,000 ORD 3.00 600,000 85,519,570 11.20
09/04/15 B. Moller TAKE 440,992 ORD 3.00 13,230 3,086,942 0.39
09/04/15 J.G. Bovard TAKE 551,259 ORD 3.00 16,538 3,858,812 0.48
17/12/14 A. Martin TAKE 88,324 ORD 3.00 2,650 9,288,324 1.35


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Date Type Turnover Profit EPS (p) Dividend (p) Currency
31/12/14 Interim 0.01 -1.18 -0.20 0.00 AUD
30/06/14 Full year 0.00 -4.83 -0.80 0.00 AUD
31/12/13 Interim 0.00 -1.02 -0.10 0.00 AUD
30/06/13 Full year 0.00 -29.90 -6.90 0.00 AUD
31/12/12 Interim 0.01 -1.31 -0.40 0.00 AUD

Company Statement


SolGold was listed on the London Stock Exchange (AIM code : SOLG) on 10 February 2006. SolGold is headed up by experienced and committed mining industry professionals with demonstratable track records of mineral discovery and providing valuable shareholder return.

The Board of Directors include accomplished professionals with experience in exploration, mine development, investment, finance and law. The Board and Management have significant vested interests in the Company, holding approximately 12.3% of its issued share capital. The Company currently has 685,745,030 shares in issue. 

Current Operations

SolGold has an extensive portfolio of porphyry copper-gold plus epithermal gold-silver targets at various stages of advancement in Australia, the Solomon Islands and Ecuador



Cascabel Project, Ecuador

The Cascabel copper-gold-silver property in northern Ecuador is subject to a Joint Venture between SolGold and Cornerstone Capital Resources Inc., on 25 February 2014 SolGold  acquired 85% of the 5000 hectare Cascabel property which is 100% owned by Cornerstone Capital Resources.


The Cascabel property is located approximately 120 km north of Ecuador’s capital city of Quito and within the Andean western cordillera which hosts numerous Tier 1 copper-gold deposits through Chile, Peru, Ecuador and Colombia. Tier 1 deposits in the region include the Junin porphyry copper-molybdenum deposit (982Mt at 0.89% copper) located just 50km SSW of the Cascabel property, and the La Colosa porphyry gold deposit (468Mt at 0.86 g/t gold) in Colombia.


The Cascabel project area contains coincident copper and gold anomalism in stream sediment and rock chip sampling, and contains highly prospective geology and alteration that exhibits porphyry mineralization affinities across a scale that is appropriate for large discoveries. Au in rock chips greater than 0.5 g/t gold cover an area of approximately 5.3 square km whilst Cu in rock chips greater than 0.1 % copper cover two areas with a combined area of approximately 3 square km. Integration of all datasets provides a very compelling and large porphyry gold-copper target.




Cracow West, Queensland Australia

The Cracow West Project lies 260 km west-northwest of Gympie. The project area comprises two exploration permits, Tim Shay (EPM 18035) and Cracow West (EPM 18032), that cover an area of approximately 210 square km. Mineralization at the nearby Cracow gold mine occurs in gold-tellurium-antimony-bearing epithermal veins that lie within a northwest-trending mineralised structural corridor.


This corridor projects towards the Cracow West EPM just 15 km to the northwest, where similar anomalism in gold, tellurium and antimony is present at Dawson Park.

Mount Perry Project, Queensland Australia

The Mount Perry project is located 130 km northwest of Gympie, Queensland, and covers an area around 465 square km covering the Mount Perry Goldfield and over 50 historic mines and workings. The Mount Rawdon gold mine (approx. 2 MOz gold) lies 13 km southeast of the Mount Perry project. The Mount Perry land holding contains around 25 old prospects and abandoned mines. Most of these prospects are arrayed along a 20-km-long northeast-trending corridor, extending from the Augustine prospect in the southwest to the New Moonta prospect in the northeast (Figure 5). Mineralization occurs in sulphidised hydrothermal breccias with variable gold, silver and base metals. The principal prospects are Niko’s Reward, Chinamans Creek, New Moonta, Flori, Bania and Augustine.


Rannes Project Queensland, Australia

The Rannes Project lies 140 km west of Gladstone in southeast Queensland. The project comprises two principal non-contiguous blocks of tenements, and several intervening blocks, that collectively cover an area of approximately 2856 square km under grant and application (Figure 3). The tenements straddle the faulted and strongly deformed east margin of the Permian age Bowen Basin, within the New England Orogen. A series of Triassic to Devonian age intrusions (including highly mineralized Permian to Carboniferous age intrusions) extend along the Great Dividing Range from northeast Queensland to northeast New South Wales. This belt of intrusive rocks is associated with many of the major Cu-Au and Au deposits of Queensland, including Kidston, Charters Towers, Mt Leyshon, Mt Morgan, Cracow, Mt Rawdon and the Gympie goldfield. This highly mineralized belt of intrusions is believed to project under the east margin of the Bowen Basin in the vicinity of the Rannes tenements. The three largest deposits in close proximity to the Rannes Project are the world class Mt Morgan Cu-Au deposit (production at closure: 50 Mt at 0.72% copper, 4.75 g/t gold), the high-grade Cracow fissure-vein epithermal deposit (0.86 MOz reserve) and the volcanic-hosted Mt Rawdon gold deposit


For more information please click here


Normanby Project, Queensland Australia

The Normanby project is located approximately 120 km northwest of Mackay in Central Queensland, and comprises four tenements (Normanby Gold, Normanby South, Normanby Extended and Clarke Range) that cover an area of approximately 507 square km.


The principal prospect at Normanby is Mount Flat Top where a 1 kilometre long mineralized structure has been partly tested, with a limited  drill program completed within the core zone over a 350m strike length.



Guadalcanal Joint Venture with Newmont - Solomon Islands

The outcome of a tender process for the sale of the Guadalcanal JV Properties (as advised to the market in late 2012) is that:


1.     SolGold has secured 100% ownership of the prospective Kuma prospecting licence (PL). This PL is currently undergoing a renewal process for a further 2 year extension of the prospecting licence.


2.     NVL and SolGold have entered into an agreement with Gold Ridge Mining Limited (a wholly owned subsidiary of St Barbara Limited) who operates the only gold mine in the Solomon Islands at Gold Ridge.  The agreement provides for the parties, to co-operate in securing suitable tenure over an area covered by the 4 remaining PLs that make up the GJV for the benefit of Gold Ridge Mining Limited, and for Gold Ridge Mining Limited to acquire relevant exploration data generated by the JV. Completion of the agreement and cash consideration payable under it is subject to various conditions precedent related to the tenure outcome. The maximum amount payable to SolGold if all conditions are satisfied is US$494,000, which reflects SolGold’s JV equity position of 26%.


Fauro, Solomon Islands

The Fauro property in the Solomon Islands lies 82 km southeast of the giant Panguna porphyry Copper-Gold mine on Bougainville Island (Figure 6). The property on Fauro Island covers an area of 70 square km over a collapsed volcanic caldera, a volcanic setting which is similar to that on Lihir Island which hosts the world class Lihir gold deposit further northwest along the Solomon–New Ireland volcanic arc.


Alan Martin (Managing Director & Chief Executive Officer)

Alan brings to SolGold more than 20 years of technical, commercial and financial investment experience in the Australian resources industry.  He has a strong passion for exploration and considerable financial experience.

Alan graduated from Lakehead University, in Ontario, Canada.  After completing an Honours Bachelor of Science Degree (Geology major) in 1985, he moved to Australia and joined Delta Gold NL as an exploration geologist with a focus on gold and base metal projects.  In 1992, he entered the Australian investment industry as a mining analyst at Westpac Investment Management and has worked with major Australian financial institutions over the last 20 years.  Alan was particularly successful during his tenure at IAG Asset Management from 2005 to 2008, delivering outstanding investment returns from his successful investment recommendations of major and junior mining stocks.  Over the last 3 years at Colonial First State Global Asset Management, he has specialised in junior mining and exploration companies with particular focus on identifying the exploration projects that enable junior companies to create exceptional shareholder value.

Alan also has direct corporate experience in leading exploration ventures. In 1995, he was a founding director of Austminex NL, a private exploration company which raised $8 million in an IPO in 2000.  

 Priy Jayasuriya (Chief Financial Officer)

Priy Jayasuriya is a Chartered Accountant with over 15 years experience in public practice with a broad knowledge over a number of industries.  Priy has worked as a chartered accountant in Australia, Singapore and the United States of America and brings a range of expertise in the areas of due diligence, internal control, corporate governance, international financial reporting and statutory compliance.

Priy commenced his career with Ernst & Young and holds a Bachelor of Commerce Degree from the University of Queensland and is a member of the Institute of Chartered Accountants in Australia.

Priy has significant experience in mergers and acquisitions, with a strong background in financial management and reporting. 


Nicholas Mather - Executive Director

Nicholas Mather graduated in 1979 from the University of Queensland with a B.Sc. (Hons, Geology). He has 25 years' experience in exploration and resource company management in a variety of countries. His career has taken him to numerous countries exploring for precious and base metals and fossil fuels. Nicholas Mather has focused his attention on the identification of and investment in large resource exploration projects.

He was managing director of BeMaX Resources NL (an ASX-listed company) from 1997 until 2000 and instrumental in the discovery of the world class Ginkgo mineral sand deposit in the Murray Basin in 1998.

As an executive director of Arrow Energy NL (also ASX-listed) until his resignation in 2004, Nicholas Mather drove the acquisition and business development of Arrow's large Surat Basin Coal Bed Methane project in south-east Queensland. He was managing director of Auralia Resources NL, a junior gold explorer, before its USD23 million merger with Ross Mining NL in 1995. He was a non-executive director of Ballarat Goldfields NL until 2004, having assisted that company in its recapitalisation and requotation on the ASX in 2003. He was also founder and Chairman of TSX-V listed Waratah Coal Inc until its $130m takeover by Minerology Pty Ltd in December 2008.

Nicholas Mather is Chief Executive of ASX-listed D'Aguilar Gold Limited and is a non-executive director of ASX-listed Bow Energy Limited.

Mr Mather is a member of the Company’s Health, Safety, Environment and Community Committee.


Brian Moller - Non-Executive Director

Brian Moller is a corporate partner in the Brisbane-based law firm Hopgood Ganim Lawyers, the Australian solicitors to the Company. He was admitted as a solicitor in 1981 and has been a partner at Hopgood Ganim since 1983. He practices almost exclusively in the corporate area with an emphasis on capital raising, mergers and acquisitions.

Brian Moller holds an LLB Hons from the University of Queensland and is a member of the Australian Mining and Petroleum Law Association.

Brian Moller acts for many publicly-listed resource and industrial companies and brings a wealth of experience and expertise to the board, particularly in the corporate regulatory

and governance areas. He is a non-executive director of D'Aguilar Gold Ltd and Platina Resources Ltd, both ASX-listed companies. Mr Moller is also a non-executive director of TSX-V listed WCB Capital Ltd.

Mr Moller is a member of the Company’s Remuneration Committee and is the Chair of the Audit Committee and the Health, Safety, Environment and Community Committee. 


John Bovard - Non-Executive Director

John Bovard is an extremely knowledgeable civil engineer with over 40 years experience in mining, heavy construction, project development and corporate management throughout Australia. His career to date has included roles as CEO of public companies and both Executive and Non‐Executive Directorships. He holds a Bachelors Degree in Civil Engineering, is a Fellow of the Australasian Institute of Mining and Metallurgy, and a Fellow of the Australian Institute of Company Directors.

As well as holding the position of Non-Executive Director on the Board of Solomon Gold Plc, John is also the Non‐Executive Chairman of the ASX‐listed Mt Isa Metals Limited and a Non‐Executive Director of Australian Solomons Gold Ltd.

Roles held by John over the past five years include interim CEO of Australian Solomons Gold Ltd, Non‐Executive Chairman of Axiom Mining Ltd and CEO of (TSX listed) Asia Pacific Resources Ltd; developing a large potash resource in Thailand. Other Directorships have included Danae Resources NL (Managing Director) and Greenwich Resources Plc, both through to early 2006.

John was also Project Manager for the $A800 million Western Mining Corporation (WMC), Phosphate Hill Fertiliser Project, located south of Mount Isa in Queensland, Australia. Other project experience includes managing the construction of the Porgera Mine in Papua New Guinea, the Super Pit expansion at Kalgoorlie and the development of the Bronzewing Gold Mine in Western Australia. John also held the role General Manager of the giant OK Tedi porphyry Copper Gold Mine.

John's corporate profile, together with his extensive experience in south west Pacific mining operations and construction is considered to be of great value to Solomon Gold Plc.


Dr Robert Weinberg - Non-Executive Director

Dr Robert Weinberg gained his doctorate in geology from Oxford University in 1973. He has more than 30 years experience of the international mining industry and is an independent mining research analyst and consultant.

Prior to his current activities Robert was Managing Director, Institutional Investment at the World Gold Council, and a Director of Gold Bullion Securities. Previously he was a Director of the investment banking division at Deutsche Bank in London after having been head of the global mining research team at SG Warburg Securities.

Robert has also held senior positions within Société Générale and was head of the mining team at James Capel & Co. He was formerly marketing manager of the gold and uranium division of Anglo American Corporation of South Africa Ltd.

Dr Weinberg is also a non-executive Director of Medusa Mining Ltd and of Kasbah Resources Ltd.  He is a Fellow of the Geological Society of London and also a Fellow of the Institute of Materials, Minerals and Mining.

Dr Weinberg is a member of the Company’s Audit Committee, Remuneration Committee and Health, Safety, Environment and Community Committee.

Major Shareholders


Information taken from company website 20.02.2015

  • Additional Information
    Share Price
    760.45 m
    Mkt Cap
    £20.53 m
  • Latest Stocktube

    SolGold’s Mather on best drill result to date at Cascabel

    View full size
  • Contact Information

    Registered Office

    201 Bishopsgate

    London EC2M 3AB

    United Kingdom

    Registered Number 5449516



    SolGold plc

    Level 27, 111 Eagle Street


    Queensland 4000 


    Phone: + 61 7 3303 0660

    Email: info@solgold.com.au

    Web Site: www.solgold.com.au

    Corporate Information

    Nominated Advisor

    S. P. Angel Corporate

    Prince Frederick House,

    35-37 Maddox Street, 

    London W1S 2PP

    United Kingdom


    S. P. Angel Corporate

    Prince Frederick House,

    35-37 Maddox Street, 

    London W1S 2PP

    United Kingdom


    Australian Solicitors

    Hopgood Ganim

    Level 8, Waterfront Place

    1 Eagle Street

    Brisbane QLD 4000


    Security Registrar

    Computershare Investor Services plc

    The Pavilions

    Bridgwater Road

    Bristol BS99 7NH

    United Kingdom




    55 Baker Street

    London W1U 7EU

    United Kingdom



    Macquarie Bank Ltd

    Brisbane Branch

    300 Queen Street

    Brisbane QLD 4000


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