Exploring the Iberian Pyrite belt
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Exploring the Iberian Pyrite belt

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Objective Capital's Global Resources Investment Conference 2011...

Objective Capital's Global Resources Investment Conference 2011
Stationers' Hall, City of London
27-28 September 2011
Day 1- Session 7: Europe focus: old and new
Speaker: Greg Pendura, Solid Resources

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Exploring the Iberian Pyrite belt Exploring the Iberian Pyrite belt Presentation Transcript

  • Exploring the Iberian Pyrite belt
    Greg Pendura – Solid Resources
  • @Objectivelive
    GLOBAL RESOURCESINVESTMENT CONFERENCE 2011
    Lead sponsor:
    Media partners:
    Other sponsors & participating organisations:
  • Precious and Rare Metals Exploration
    Fall 2011 Presentation
    View slide
  • Disclaimer
    Certain information regarding Solid Resources Ltd. (SRW) contained herein may be deemed forward looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although SRW believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. SRW cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what SRW currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements could include exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions.
    The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.
    THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY
    OTCQX: SLDRF
    View slide
  • Highlights
    • Unique Objective: Be the first European tantalum & associated rare metals mine.
    • A short time to hard numbers: Q4/2011 – 43-101 & metallurgy report.
    • Assays speak volumes: 2011 drilling – dramatic zone extension.
    • Value! Trading price versus fact + potential.
    OTCQX: SLDRF
  • Spain – Doade-Presqueiras Property
    OTCQX: SLDRF
  • Tantalum: Rare Metals
    $150/lb Concentrate
    $250/lb Oxide
    Source - Asia Metals
    “A price increase of over 150% in a year.”
    Uses: 70% Electronics; 15% Alloy Agent; 10% Corrosion Resistance; 5% Medical Science
    Supply: Shortfall of 21%.30% Australia; 14% Brazil; 5% China; 30% Africa - “Conflict Minerals”
    Outlook: The electronics industry is driving its demand as the world becomes more and more reliant on light-weight technologies.
    OTCQX: SLDRF
  • Tantalum: Rare Metals
    Dodd-Frank Wall Street Reform Bill and Consumer Protection Act
    July 15, 2010
    The act contained Conflict Minerals legislation pertaining to conflict regions in Central Africa, principally the DCR.
    Prior to the Conflict Minerals Bill, there was a 21% supply shortfall in Tantalum. With the addition of the restricted African nations, there now exists a 51% supply shortfall.
    The market requires additional production from projects located in politically stable countries that can demonstrate legitimate, long-term supply.
    One of the world’s largest tantalum processors
    ''We do not purchase any raw materials from the DRC or adjoining countries, even if we are offered material with allegedly official certifications from other state authorities.''
  • Tin: Rare Metals
    ~$11 / lb
    Demand: 52% soldering for electronics, 17% tinplate for canned goods. Also for alloyed materials (brass, bronze & pewter), Window glass & Corrosion prevention
    Supply: Indonesia, China, Peru, 5% Congo - “Conflict Mineral”
    Outlook: In a strong bull market for metals, tin has been the outstanding performer, with prices surging above $31,000/tonne ($14/lb). Analysts and industry authorities are now predicting further rapid rises to $40,000 or $50,000/tonne, ($18 - $23/lb.) based on expectations that demand will continue to outstrip supply. CRU/The Independent Authority
    OTCQX: SLDRF
  • Lithium: Rare Metals
    $2.5/ lb
    Uses – Rechargeable batteries, Glass & Ceramics, Lubricants & Chemicals, Medications & Fusion Energy.
    Outlook – Hybrid gasoline / electric vehicles with lightweight Lithium batteries are expected to significantly impact future demand.
    OTCQX: SLDRF
  • Rare Metals
    Continued...
    Niobium - $28/lb
    Uses: Steel production, electronics and super magnets
    Rubidium - $12/g
    Uses: Specialty ceramics & glass, aerospace alloys & biochemistry
    Cesium - $64/g
    Uses: Biomedical devices & magnetometers.
    OTCQX: SLDRF
  • Spain – Doade-PresqueirasProperty
    2011 Drill Program
    Goal: To prove the continuity of the mineralized dykes, which would lead to an open pit operation in the north and an underground mine in the south.
    - January - July 2011
    • 31 holes - 3,500 metres. Completed. On time and on budget.
    • 18 hole, 2,000 metre program in the North Zone (open pit)
    • 13 hole, 1,500 metre program targeted the South Zone
    OTCQX: SLDRF
  • Company Overview
    • Spanish rare metals property – former tin mine.
    • Proven mineralization –Tin, Tantalum, Lithium, Niobium, Cesium and Rubidium.
    • 2011 assays show consistent mineralization and pegmatite dykes are 50 – 100% greater than 2003/05 drill programs.
    • 94 m extension of high grade mineralization in northern (Presqueiras) area.
    • NI 43-101 compliant Reserve Estimate – October 2011.
    • Metallurgy report – November 2011.
    Objective
    • Verify the property’s significant tonnage.
    • Prove economic viability of a large scale open pit mining operation.
    OTCQX: SLDRF
  • Spain – Doade-PresqueirasProperty
    • A few kilometres east of the port cities of Pontevedra and Vigo in the region of Galicia.
    • Full access to roads, electricity, water, rail, labour force and deep sea port.
    • 3,690 hectares in a north-south direction hosting numerous pegmatite dykes (type of rock that hosts rare metals)
    • Spanish Ministry of Industry, Tourism and Trade are  continuing to be strong supporters of the Doade-Presqueiras Project, granting the maximum subsidy.
    OTCQX: SLDRF
  • Spain – Doade-PresqueirasProperty
    2011 Drill Program
    • Over 40 rare element pegmatite dykes exposed at the surface in a belt 250 to 300 m wide and 14 km long in a north / south direction.
    • Pegmatite dykes are up to 26 m thick and have strike lengths of over 2 km.
    • The mineralized pegmatite has shown values of over 400 ppm Tantalum, 2,300 ppm Tin & over 2% Lithium.
    OTCQX: SLDRF
  • Spain – Doade-PresqueirasProperty
    2011 Drill Program
    Hole Numbers
    1 – 16,
    30 & 31
    17 & 18
    19 & 20
    21 - 23
    24 & 25
    26 -29
    OTCQX: SLDRF
  • Spain – Doade-PresqueirasProperty
    2011 Drill Program
    North Zone Highlights (inclusive):
    Suitable for low cost open pit mining.
    Note: 1 lb = 454 ppm/g/t & 1% = 20 lbs . Tin = $11/lb. Tantalum = $250/lb. Niobium = $28/lb. Lithium = 2.5/lb
    OTCQX: SLDRF
  • Spain – Doade-PresqueirasProperty
    2011 Drill Program
    South Zone Highlights (Inclusive):
    Suitable for underground mining
    Note: 1 lb = 454 ppm/g/t & 1% = 20 lbs . Tin = $11/lb. Tantalum = $250/lb. Niobium = $28/lb. Lithium = 2.5/lb
    OTCQX: SLDRF
  • Spain – Doade-PresqueirasProperty
    2011 Drill Program
    “In the north section, the 2003 & 2005 drill programs encountered mineralised pegmatite dykes with a maximum thickness of 15.2 metres whereas the average in the 2011 drill program is 16.25 metres with a maximum thickness of 26 metres.”
    Greg Pendura, President & CEO
    OTCQX: SLDRF
  • Spain – Doade-PresqueirasProperty
    2011 Drill Program
    Holes 30 & 31
    Northern Zone - Presqueiras
    30 & 31
    OTCQX: SLDRF
  • 2011 Drill Program – Hole 12
    “Drill core S0-11-12 is an extraordinary development for the northern zone of the Doade-Presqueiras property, because it illustrates that we can find new areas with high grades in all of the elements of economic interest as we move forward with our exploration.”
    Greg Pendura, CEO and President 
    • Drill hole S0-11-12 increased the known mineralization to a previously unknown area in the Presqueiras area. This led to the drilling of two additional holes (30 & 31).
    • Holes 12, 30 & 31 increased the known mineralized zone by 94 m in the Presqueiras area.
    OTCQX: SLDRF
  • Spain – Doade-Presqueiras PropertyPresqueiras 2011 Mineral Resource Estimate
    OTCQX: SLDRF
  • Spain – Doade-Presqueiras PropertyTaboazas 2011 Mineral Resource Estimate
    OTCQX: SLDRF
  • Spain – Doade-Presqueiras Property 2011 Mineral Resource Estimate
    Presqueiras Area
    Tantalum: 1,120,000 lbs @ $250/lb
    Tin: 7,224,000 lbs @ $11/lb
    Lithium: 34,720,000 lbs @ $2.50lb
    Niobium: 1,008,000 lbs @ $28/lb
    Taboazas Area
    Tantalum: 1,302,000 lbs @ $250/lb
    Tin: 5,964,000 lbs @ $11/lb
    Lithium: 64,680,000 lbs @ $2.50/lb
    Niobium: 1,008,000 lbs @ $28/lb
    OTCQX: SLDRF
  • Spain – Doade-PresqueirasProperty
    2011 Drill Program
    Estimated Costs of Production
    Pre-Tax Profit
    $74.40 / t
    Soft Rock
    $10.33 / t
    Open Pit
    Hard Rock
    $12.03 / t
    $72.70 / t
    Mine
    Underground
    $19.53 / t
    $127.33 / t
    OTCQX: SLDRF
  • Spain – Doade-PresqueirasProperty
    Spanish Newspaper Feature on Solid
    “La Voz de Galicia”
    May 2011
    Searching for Galician Treasure
    The race for non-conflict strategic minerals has begun in Galicia:
    A Canadian company intends to operate the first coltan (tantalum) mine in Europe
    Dr. Rolf Burkhardt, PhD. Geol., Senior Geologist
    OTCQX: SLDRF
  • Spain – Doade-PresqueirasProperty
    Options Moving Forward
    MINING OPERATION
    2. JV OR SELL FORWARD TO A SUITABLE END USER
    3. JV WITH SUITABLE MINING/EXPLORATION COMPANY
    4. SELL CONCESSION OUTRIGHT
    OTCQX: SLDRF
  • 2012 $4.5 Million FinancingUse of Proceeds
    Spain Doade-Presqueiras Property
    - 2012 Drill Program Approx. 6000m - $1,225,000
    - Assay/Metallurgy $200,000
    - NI 43-101 update $150,000
    - Pilot & Beneficiation Plants $300,000
    - Technical Support (Internal & External) $500,000
    - Equipment & Software $250,000
     
    Peru Gold/Copper Property
      - Initial Drill Program $225,000
     
    Spain Silver/Copper Property
      - Initial Drill Program $225,000
     
    G & A $750,000
     
    Cost of Funds $400,000
     
    Miscellaneous $275,000
     
    Total $4,500,000
    OTCQX: SLDRF
  • Opportunity in Peru
    • 1,000 hectares in Northwestern Peru
    • Right to purchase 100% for $500,000 (USD)
    • Gold, Silver, Copper
    Assay Results
    From grab samples of mineralized outcroppings
    • Gold - .5 g/t - 30 g/t
    • Copper - up to 1%
    OTCQX: SLDRF
  • Corporate Listing Details
    SymbolSRW – TSX.V ; SLDRF – OTCQX ; YRS – FSE
    Shares Outstanding93.9 million
    Options6.4 million
    Warrants47.0 million
    Fully Diluted147.3 million
    Cash$1.5 million
    Insider Holdings15%
    OTCQX: SLDRF
  • Management & Board of Directors
    Greg Pendura, CEO, President & Director
    • Mr. Pendura has more than 35 years of experience in founding, financing and advising emerging private and public companies.
    Rick Gliege, COO, CFO & Director
    • With over 20 years of leadership and advisory experience as a senior manager in the public and private sectors, he brings to Solid knowledge in strategic planning, operations, marketing and development.
    Randy Hayward, B. Comm, LLB – Chairman
    • Mr. Hayward has maintained a successful law practice in Edmonton, Alberta for 20 years. He has worked with numerous private and public companies for 15 years – roles include raising investment capital, corporate communications, business development and various other positions.
    Harry A. McKinders – Director
    • Mr. McKinders joined Solid Resources in 1995 and became a Director in 1998. He has had broad experience in the investment field and has provided consulting services to numerous public and private companies over the years.
    OTCQX: SLDRF
  • Geological Team
    Tony Spat, M. SC., P. Eng., Advisory Board
    • Mr. Spat has had a truly remarkable career as an international exploration geologist and engineer. Received the "Special Achievement Award" from the Prospectors and Developers Association of Canada in 2005 for the discovery of the Angostura gold-silver project in Columbia
    Dr. Rolf Burkhardt, PhD. Geol., Geologist
    • Dr. Burkhardt as more than 40 years experience as a Geologist worldwide, has managed and supervised various successful exploration projects, speaks German, English, Spanish, Portuguese and Italian.
    Dr. Alfonso Gracia, PhD, Geologist, Solid Mines Espana
    • Dr. Gracia has worked in geological exploration and evaluation of mining projects for 35 years, on over 100 projects in five continents, has also undertaken further studies in Business & Environmental Engineering.
    OTCQX: SLDRF
  • Geological Team
    Dr. Peter LeCouteur, PhD, P. Eng., Geologist, Advisory Board
    • Dr. LeCouteur has been involved in mineral exploration since 1967. He has been involved in the exploration of tantalum, lithium, niobium, zirconium and rare earths, gold, silver, uranium, diamonds and many more.
    David Henstridge, P. Geol., Advisory Board
    • David brings over 37 years in the mining industry including 20 years in the management of public-listed mineral exploration companies. He has managed numerous advanced exploration projects throughout Australia, Europe, North and South America.
    OTCQX: SLDRF
  • Conclusion
    • Spanish rare metals property – former tin mine.
    • Proven mineralization –Tin, Tantalum, Lithium, Niobium, Cesium and Rubidium.
    • 2011 assays show consistent mineralization and pegmatite dykes are 50 – 100% greater than 2003/05 drill programs.
    • 94 m extension of high grade mineralization in northern (Presqueiras) area.
    • NI 43-101 compliant Reserve Estimate – October 2011.
    • Metallurgy report – November 2011.
    Objective
    • Verify the property’s significant tonnage.
    • Prove economic viability of a large scale open pit mining operation.
    OTCQX: SLDRF
  • Stay Connected!
    Visithttp://SolidResources.com
    OTCQX: SLDRF