Solomon Gold holds several tenement positions in the Solomon Islands, for minerals exploration, focusing on copper and gold rich porphyry systems and high grade epithermal gold mineralisation. In relation to its main tenement holdings on the island of Guadalcanal, the Company enjoys a Joint Venture with Newmont Ventures providing for Newmont to earn a 70% interest by expending US$12m over 5 years. Solomon Gold is the current manager. On 2 December 2009, the Company announced the acquisition of two Queensland (Australia) based gold exploration companies, Acapulco Mining Pty Ltd and Central Minerals Pty Ltd.
03/02/12
Holding(s) in Company12/12/11
Final Results 2011 (Released in Text Form)30/11/11
Rannes Resource Upgrade08/11/11
Annual Financial Report03/11/11
Fauro Exploration Update
30/11/11
The gold explorer’s shares soared as much as 50 per cent today after it unveiled a 20 per cent upgrade to the Rannes project’s inferred gold resource. It now stands at 812,000 ounces and drilling continues as Solomon works towards a 2 million ounce target.
28/02/11
The junior gold company doubled its gold resource at the Rannes project in Queensland. Fairfax Securities’ respected mining analyst John Meyer reckons the project could transform the company from ‘an explorer to a miner in relatively short order’. Solomon is aiming for a 2 million ounce resource at Rannes, it is now a fifth of the way there.
02/12/10
Shares in Solomon Gold (LON:SOLG) rose more than 6 per cent in morning trade as the group delivered an upbeat drilling update. Today’s announcement focused primarily on the company’s Australian assets and specifically progress at the Rannes and Mount Perry projects in Queensland. However there was also news on Fauro East in the Solomons.
22/10/10
Headline grabbing sampling results and the dramatic share price of late have put Solomon Gold on the map, and it has taken advantage of the growing investor interest, raising £15.1 million from institutional investors. The new funds will be used to accelerate exploration at Fauro.
18/10/10
Shares in the group soared on news it identified wide near surface gold intersections at the Rannes gold and silver project in Queensland, Australia. It has restarted drilling operations at Rannes after unseasonal rains had halted operations.
12/12/11
Solomon Gold optimistic about hitting 2Moz target at Rannes gold project, shares rise30/11/11
Solomon Gold eyes 2m gold ounce target at Rannes after resource upgrade04/11/11
Solomon Gold Plc's gold intersections hint at potential of Fauro Island Project03/11/11
Solomon Gold reports encouraging results from Fauro project exploration drilling05/10/11
Solomon Gold PLC appoints Malcolm Norris as CEO and Managing Director
08/07/2011
21/07/2010
17/06/2010
26/02/2009
SOLOMON GOLD, the copper and gold specialist with exploration tenements in Solomon Islands and Australia.
Solomon Gold Plc's original and core gold exploration projects are located on Solomon Islands and remain a major focus of the Company. However, the Company has extended its strategy to include becoming an integrated gold explorer, developer and miner with projects in lower risk theatres as well as the Solomon Islands.
Solomon Gold carries a diverse portfolio of higher risk high reward exploration projects in Solomon Islands and lower risk projects which are more advanced towards resource definition in Queensland, where exploration costs are approximately one third of that in Melanesia. Solomon Gold's projects include Guadalcanal and Fauro (Solomon Islands) and Rannes and Mt Perry (Queensland, Australia).
Solomon Gold’s Board includes accomplished professionals with strong track records in the areas of exploration, mine development, investment, finance and law. Board and Management have significantly vested interests in the Company holding approximately 16.7% of its issued share capital. Solomon Gold is based in Brisbane, Queensland, Australia and listed on London's Alternative Investment Market in 2006.
Click to listen to Proactive Investors Audio Interview with CEO - 08 July 2011
SOLOMON GOLD'S EXPLORATION TENEMENTS IN SOLOMON ISLANDS AND AUSTRALIA.
Mt Perry
Porphyry and Vein Gold
100% Owned
Rannes
Carlin Style Gold
100% Owned
Fauro
Epithermal Gold
100% Owned
Guadalcanal
Porphyry Copper Gold
JV with Newmont
Nicholas Mather - Chief Executive Officer
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.
Cameron Wenck - Non-Executive Chairman
Cameron Wenck is a financial adviser and company director with over 18 years' experience in the financial services industry. Earlier in his career Cameron worked for the London stockbrokers Scrimgeour Vickers and chartered accountants PricewaterhouseCoopers.
Cameron has a Bachelor of Commerce, a Diploma of Financial Planning, is a Fellow of the Australian Society of Accountants and is a Certified Financial Planner.
Mr Wenck is a member of the Company’s Audit Committee and Remuneration Committee. He is also the Chair of the Remuneration 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.
Nominated Advisor
RFC Corporate Finance Ltd
Level 14, 19-31 Pitt Street
Sydney, NSW 2000
Australia
Broker
Fairfax I.S Plc
46 Berkeley Square
Mayfair, London
UK WIJ 5AT
Security Registrar
Computershare Investor Services plc
The Pavilions
Bridgwater Road
Bristol BS99 7NH
United Kingdom
REGISTERED OFFICE
7 Pilgrim Street
London EC4V 6LB
United Kingdom
AUSTRALIAN OFFICE
Solomon Gold plc
Level 5
60 Edward Street
Brisbane QLD 4000
Phone: + 61 7 3303 0660
Fax: +61 7 3303 0681
Email: info@solomongold.com
Web Site: www.solomongold.com
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