2013 Winter Presentation
1
Disclaimer

Certain information regarding Solid Resources Ltd. (SRW) contained herein may be deemed
forward looking statem...
Alberta-1: Tin/Tantalum & Lithium
Northwestern Spain

• Proven Reserves
• Excellent Infrastructure in place

Spain

• Subm...
Cehegin Magnetite Iron Ore Concession
Southeastern Spain

Spain

Glencore Agreement In Place
SolidResources.com

4

TSX.V:...
Cehegin Magnetite Iron Ore
OTCQX: SLDRF

SolidResources.com

5

TSX.V: SRW

FSE: YRS
Iron Ore Supply & Demand
The Next 20 Years
Demand from China will continue its steep
climb before peaking in 2030DDemand f...
The Glencore Agreement
The Glencore Agreement Provides:
• Expertise in Mine Development
• Expertise in Marketing
• Experti...
Glencore Agreement
Solid Resources Enters Co-Operation Agreement With Glencore

N ORE PROJECT

Glencore Xstrata inks coope...
Solid Resources & Glencore Agreement

•

Equity Stake: Glencore – 20%/Solid Resources 80%

•

Glencore to exclusively Purc...
Cehegin Magnetite Iron Ore Concession
Geology
Massive magnetite with beaded
morphology is embedded in Ophites in
the wall ...
Cehegin Magnetite Iron Ore Concession
• 62 existing valid mining concessions 1,030 Ha (Red)
• Extension to 3,000 Ha (Blue)...
Cehegin Magnetite Iron Ore Concession
Historical Data
•
•
•
•

38,043 metres drilled
23,528 magnetometry stations
23,697 m...
3D Model of Historical Drilling on Cehegin

Orebody Open at Width & Depth

Intersecting Magnetite at Depth
of over 200 Met...
Historical Analysis

El Coloso
Designed Open Pit

Orebody Open At Depth

SolidResources.com

14

TSX.V: SRW

FSE: YRS
Cehegin Magnetite Iron Ore Concession
Cehegín Iron Ore Reserves
Measured
Indicated
Measured & Indicated
Inferred

December...
Cehegin Magnetite Iron Ore Concession
Quality
OTCQX: SLDRF
Category

Iron

Concentrate %

65.19

“The ore processed in Ceh...
Cehegin Magnetite Iron Ore Concession
Infrastructure
•
•
•
•

•
•

The Port of Cartagena – 104 Km’s from Cehegin Concessio...
On-Site Production Plant

SolidResources.com

18

TSX.V: SRW

FSE: YRS
Port of Cartagena – Region of Murcia

SolidResources.com

19

TSX.V: SRW

FSE: YRS
José Ballesta - Minister for Business, Industry & Innovation
Press Conference

• Region to declare the project
a “Strategi...
Cehegin Magnetite Iron Ore Concession
Political & Economic

Pro-Mining Spain – Motivated to “Dig itself out of Recession”
...
Alberta-1: Tin/Tantalum & Lithium
NW Spain

SolidResources.com

22

TSX.V: SRW

FSE: YRS
Tantalum
$125 / lb Concentrate
$200 / lb Oxide

Uses: 70% Electronics – High Performance Capacitors
Supply: Current shortf...
Tantalum

Dodd-Frank Wall Street Reform Bill
and Consumer Protection Act - 2010
One of the world’s largest tantalum
proces...
Tin
#1 performing Base Metal 2013 & 2014

Tin: ~ $10.00/lb. “Conflict Metal”
Demand: 52% soldering for electronics

SolidR...
Lithium

$2.75 /lb
Uses – Rechargeable batteries, Glass & Ceramics, Lubricants & Chemicals,
Medications & Fusion Energy.
O...
Alberta-1 Tin/Tantalum/Lithium
• Unique Objective: Become the major European tin/tantalum/lithium
production mine
• Assays...
Alberta-1 Tin/Tantalum/ Lithium
2012 Drill Program Overview
Area of 2012 Drill Program which upgraded the inferred
and ind...
Alberta-1 Tin/Tantalum/Lithium
Presqueiras (Northern Zone)
The 2012 Drill Program met the directives of the Spanish Mining...
Alberta-1 Tin/Tantalum/Lithium
Southern Zones
2013 Scoping Study NI 43-101 Resource Estimate
April 30, 2013Scop

Southern ...
Corporate Listing Details
Symbol SRW – TSX.V ; YRS – FSE
Shares Outstanding: 127 million
Options: 13 million
Warrants: 42....
Management & Directors
Greg Pendura, CEO, President & Director - Mr. Pendura has more than 35 years of experience in found...
Mining Team
Dr. Alfonso Gracia, PhD, Geologist, Solid Mines Espana - Dr. Gracia has worked in geological exploration and e...
Primary Corporate Focus
To Enhance Shareholder Value
Options Moving Forward:
1.JV OR OFF-TAKE AGREEMENT WITH A SUITABLE EN...
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SRW Presentation Fall 2013

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SRW Presentation Fall 2013

  1. 1. 2013 Winter Presentation 1
  2. 2. 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 SolidResources.com 2 TSX.V: SRW FSE: YRS
  3. 3. Alberta-1: Tin/Tantalum & Lithium Northwestern Spain • Proven Reserves • Excellent Infrastructure in place Spain • Submission for Mining Permit Underway P • 100% owned • No royalties100r SolidResources.com 3 TSX.V: SRW FSE: YRS
  4. 4. Cehegin Magnetite Iron Ore Concession Southeastern Spain Spain Glencore Agreement In Place SolidResources.com 4 TSX.V: SRW FSE: YRS
  5. 5. Cehegin Magnetite Iron Ore OTCQX: SLDRF SolidResources.com 5 TSX.V: SRW FSE: YRS
  6. 6. Iron Ore Supply & Demand The Next 20 Years Demand from China will continue its steep climb before peaking in 2030DDemand from China will continue its steep climb Iron Ore Forecast (US$/dry metric tonne) beforeI peaking in 2030 Source: Rio Tinto, Dec., 2013 SolidResources.com 6 TSX.V: SRW FSE: YRS
  7. 7. The Glencore Agreement The Glencore Agreement Provides: • Expertise in Mine Development • Expertise in Marketing • Expertise in Logistics • Financing & Equity Participation • The strength of Glencore combined with the historical drilling & production data will significantly facilitate the advancement of the project. SolidResources.com 7 TSX.V: SRW FSE: YRS
  8. 8. Glencore Agreement Solid Resources Enters Co-Operation Agreement With Glencore N ORE PROJECT Glencore Xstrata inks cooperation accord with Solid Resources GLENCORE SIGNS ON TO SPANISH IRON ORE PROJECT SolidResources.com 8 TSX.V: SRW FSE: YRS
  9. 9. Solid Resources & Glencore Agreement • Equity Stake: Glencore – 20%/Solid Resources 80% • Glencore to exclusively Purchase all production NEXT STEPS: • Jointly finalize a Due Diligence report on the historical drilling and production data • Jointly commence a Scoping Study to include making the historical reserves NI 43-101 compliant, conduct parallel deep drilling to establish increased reserves • Joint Pre-feasibility Study • Joint Feasibility Study • Construction of a 1 Million tonne per year operation • Time Frame: 12 - 24 months SolidResources.com 9 TSX.V: SRW FSE: YRS
  10. 10. Cehegin Magnetite Iron Ore Concession Geology Massive magnetite with beaded morphology is embedded in Ophites in the wall and Limestone in the ceiling. LIMESTONE Excellent response to magnetometry OFITAS MAGNETITE Natural outcrop at the surface of a massive magnetite occurrence SolidResources.com The mineralization is associated with intrusive sub-volcanic rocks of ofitodoleritic composition Massive Magnetite Dykes 10 TSX.V: SRW FSE: YRS
  11. 11. Cehegin Magnetite Iron Ore Concession • 62 existing valid mining concessions 1,030 Ha (Red) • Extension to 3,000 Ha (Blue) • Applied to increase for additional 3,630 Ha (Green) • Total – 6,630 Ha (66 sq Km’s) • 90 year operating licences Option Agreement: • No time limit or financial commitments • Solid earns 100% upon exercise with no royalties • € 900,000 once 1st mining permit in place • € 2.1 million for 2nd mining permit on remaining 61 concessions SolidResources.com 11 TSX.V: SRW FSE: YRS
  12. 12. Cehegin Magnetite Iron Ore Concession Historical Data • • • • 38,043 metres drilled 23,528 magnetometry stations 23,697 magnetic concentration tests Historical production data Magnetometry Profile – Colossus Concession Geological & Magnetometric Profile - Soledad Mine SolidResources.com Underground Mining in Edison Deposit Pending Exploration 12 TSX.V: SRW FSE: YRS
  13. 13. 3D Model of Historical Drilling on Cehegin Orebody Open at Width & Depth Intersecting Magnetite at Depth of over 200 Metres SolidResources.com 13 TSX.V: SRW FSE: YRS
  14. 14. Historical Analysis El Coloso Designed Open Pit Orebody Open At Depth SolidResources.com 14 TSX.V: SRW FSE: YRS
  15. 15. Cehegin Magnetite Iron Ore Concession Cehegín Iron Ore Reserves Measured Indicated Measured & Indicated Inferred December, 7, 2012 Million Tonnes Fe % 7.63 39 5.93 31 13.56 35.5 62.50 40 DTWR % 41.5 42.1 41.8 41.7 DT % 64.6 63.4 64.1 65.3 • Current analysis of the historical drill data supports an upgrade of the measured and indicated reserves to a minimum of 27 Million Tons. This is only on 3 of the 62 concessions. • Strike zones in excess of 1,000m in length and with a thickness of 15-50m. • Aerial magnetometric information supports potential Inferred Resource increase All of the "reserves" and "resources" described and documented by previous operators are considered to be "Historic Resources" under NI 43-101, as they were estimated prior to February 1, 2001. Solid is not treating any of the estimates as a current NI 43-101-compliant resource, and the historical estimates should not be relied upon, however, management does consider these to be accurate and is taking measures to upgrade to a NI 43-101 compliant resource. SolidResources.com 15 TSX.V: SRW FSE: YRS
  16. 16. Cehegin Magnetite Iron Ore Concession Quality OTCQX: SLDRF Category Iron Concentrate % 65.19 “The ore processed in Cehegin was almost exclusively high quality magnetite concentrate, easily obtainable by physical processing (grinding and wet magnetic separation) of up to 68% iron. These values normally correspond to concentrates of “Premium” class.” Manganese 0.05 Silica 3.99 Alumina 1.73 Calcium Oxide 0.28 Magnesium Oxide 1.80 Potassium Oxide 0.06 Sodium Oxide 0.016 Sulfur 0.01 Phosphorus 0.04 Fe (Iron Ore Content) Zinc 0.004 Silica Dr. Alfonso Gracia, Senior Geologist Global benchmark for magnetite iron ore: GLOBAL BENCHMARK CEHEGIN Alumina 35.1% Avg 3.99% 1.73% Phosphorus SolidResources.com > 25% < 3-7% < 3% < 0.1% 0.04% 16 TSX.V: SRW FSE: YRS
  17. 17. Cehegin Magnetite Iron Ore Concession Infrastructure • • • • • • The Port of Cartagena – 104 Km’s from Cehegin Concessions Rail to the Port of Cartagena and throughout all of Europe Excellent toll-free highway Port of Cartagena handles up to 400,000 ton vessels Cehegin features on-site Hydro & Water Calasparra Rail Station 12 Km’s from Cehegin Concessiont SolidResources.com 17 TSX.V: SRW FSE: YRS
  18. 18. On-Site Production Plant SolidResources.com 18 TSX.V: SRW FSE: YRS
  19. 19. Port of Cartagena – Region of Murcia SolidResources.com 19 TSX.V: SRW FSE: YRS
  20. 20. José Ballesta - Minister for Business, Industry & Innovation Press Conference • Region to declare the project a “Strategic Initiative” • Solid/Glencore Agreement gives project solidity • Wants to expedite the permitting process CW “The Giant Glencore Mining Project Launches in Spain” Expansión 25 October, 2013 SolidResources.com 20 TSX.V: SRW FSE: YRS
  21. 21. Cehegin Magnetite Iron Ore Concession Political & Economic Pro-Mining Spain – Motivated to “Dig itself out of Recession” • Considered one of the most mineralized countries in Europe • Spain is considered “Ground Zero” for the European mining revival • Politically stable mining environment, with world class infrastructure • 30% corporate tax rate with no government royalties • Exploration subsidies of 20% granted to Solid for 2011 & 2012 • First year CAPEX can be written off/further subsidies available • SolidResources.com 21 TSX.V: SRW FSE: YRS
  22. 22. Alberta-1: Tin/Tantalum & Lithium NW Spain SolidResources.com 22 TSX.V: SRW FSE: YRS
  23. 23. Tantalum $125 / lb Concentrate $200 / lb Oxide Uses: 70% Electronics – High Performance Capacitors Supply: Current shortfall of 21%. “Conflict Metal” Outlook: Considered a critical metal in Europe SolidResources.com 23 TSX.V: SRW FSE: YRS
  24. 24. Tantalum Dodd-Frank Wall Street Reform Bill and Consumer Protection Act - 2010 One of the world’s largest tantalum processors The act outlines Conflict Minerals legislation. ''We do not purchase any raw materials from the Democratic Republic of Congo or adjoining countries, even if we are offered material with allegedly official certifications from other state authorities.'' SEC prohibits the purchase of “conflict minerals.” Legislation now requires audited paper trail of purchase SolidResources.com 24 TSX.V: SRW FSE: YRS
  25. 25. Tin #1 performing Base Metal 2013 & 2014 Tin: ~ $10.00/lb. “Conflict Metal” Demand: 52% soldering for electronics SolidResources.com 25 TSX.V: SRW FSE: YRS
  26. 26. Lithium $2.75 /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. SolidResources.com 26 TSX.V: SRW FSE: YRS
  27. 27. Alberta-1 Tin/Tantalum/Lithium • Unique Objective: Become the major European tin/tantalum/lithium production mine • Assays speak volumes: Multi-year drill programs (2003, ‘05, ‘11 & ’12) Each year showing dramatic zone extension • 2012 Final Drill Program Completed In-fill Drill - 4-5 Mt measured & indicated reserve in only the north zone 100t Pilot Plant - completed Scoping Study – completed Water & Environmental surveys - underway On Time, on Budget • Application for Mining Permit about to be submitted Preliminary approval of 1,500 ton per day (“tpd”) operation • CAPEX - $25 million • Near Term Production & positive cash-flow SolidResources.com 27 TSX.V: SRW FSE: YRS
  28. 28. Alberta-1 Tin/Tantalum/ Lithium 2012 Drill Program Overview Area of 2012 Drill Program which upgraded the inferred and indicated to become NI 43-101 compliant “measured” resource to meet the requirements of the Spanish Mining Authorities for a Mining Permit. Average economical grades for just the northernmost “open-pit” zone – Presqueiras: • 633 ppm Tin (~1.5 lbs./t @ $10.00 lb.) • 91 ppm Tantalum ( 1/5 lb./t @ $125 lb.) • 0.45% Lithium (~10 lbs./t @ $2.75 lb.) • Commercial value ~ $67/t Yellow line indicates the 11 km mineralized pegmatite strike zone for the entire 3,690 Ha (36 sq. Km’s) Alberta-1 concession infill classified SolidResources.com 28 TSX.V: SRW FSE: YRS
  29. 29. Alberta-1 Tin/Tantalum/Lithium Presqueiras (Northern Zone) The 2012 Drill Program met the directives of the Spanish Mining Authority to upgrade the previous 1.6 Mt measured & indicated resource estimate to 4-5 Mt’s to advance to a Mining Permit Application. Resource Class Tonnes (Millions) Ta205 (Tantalum) ppm Sn (Tin) % Li20 (Lithium) % Nb205 (Niobium) Ppm Presqueiras April 30, 2013 Resource Estimate Measured 3.15 96.7 0.065 0.45 91.3 Indicated 1.67 80.1 0.06 0.46 86.0 Measured & Indicated 4.83 91.0 0.063 0.45 89.4 Represents less than 5% of the entire mineralized zones SolidResources.com 29 TSX.V: SRW FSE: YRS
  30. 30. Alberta-1 Tin/Tantalum/Lithium Southern Zones 2013 Scoping Study NI 43-101 Resource Estimate April 30, 2013Scop Southern Zones Southern Zones Grades: Tantalum - 50% higher Tin - 20% higher Total Measured, Indicated & Inferred – 16.6 Mt’s SolidResources.com 30 TSX.V: SRW FSE: YRS
  31. 31. Corporate Listing Details Symbol SRW – TSX.V ; YRS – FSE Shares Outstanding: 127 million Options: 13 million Warrants: 42.7 million (13 million expire January 2014) Fully Diluted :182.7 million Insider & Associates Holdings: 22% Number of Warrants Strike Price 3.1 Million 10 Million 10.8 Million 4.1 Million 3.8 Million 3.9 Million 7 Million SolidResources.com 31 Expiry Date January 6, 2014 January 14, 2014 May 10, 2014 January 21, 2015 March 22, 2015 April 22, 2015 August 14, 2015 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15 TSX.V: SRW FSE: YRS
  32. 32. Management & 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. Ven Côté, Director - Mr.Côté, as the President, CEO and original founder of ZCL Composites Inc., from 1987 until retirement in 2010, led the largest manufacturer and distributor of Fiberglass Underground Storage Tanks and accessories in North America, with revenues in excess of $100 million per year. In 2008, Mr.Côté was named Entrepreneur of the Year ® (Prairies Region) by the global accounting firm Ernst & Young LLP. Under his leadership, ZCL was named as one of Canada’s 50 Best Managed 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. SolidResources.com 32 TSX.V: SRW FSE: YRS
  33. 33. Mining Team 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. Karl B. Douglas – Economics, Princeton University, Advisory Board - Karl has over 20 years’ experience in energy and commodities investing gained at Salomon Brothers, Bear Stearns, JP Morgan and Merrill Lynch. Mr. Douglas is the founder and CEO of Terra Nova Resources Ltd., an iron ore mining company that has rapidly developed over 6,000 hectares of iron ore in Northern Peru. At the present time, Terra Nova is producing iron ore for export internationally. The company operates a number of supporting businesses in the areas of export logistics and contract mining 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. Tomás Vecillas Fernández. – Mining Engineer - Tomás Vecillas is a graduate of the Technical University of Madrid with over 20 years of experience in all stages of the industrial mining sector: exploration, development, starting-up of mines, operation and financing. He is a Member of the Official Association of Mining Engineers of Spain (Colegio Oficial de Ingenieros de Minas de España) and the Australasian Institute of Mining and Metallurgy (AussIMM). Manuel Prieto de Dios, M.Sc, Geology - Manuel Prieto is a senior geologist with over 24 years of experience in exploration, evaluation, mining geology and petroleum. He is a Member of European Geologist Association “Ilustre Colegio Oficial de Geologos” and is a Qualified Person for NI 43-101 reporting. . SolidResources.com 33 TSX.V: SRW FSE: YRS
  34. 34. Primary Corporate Focus To Enhance Shareholder Value Options Moving Forward: 1.JV OR OFF-TAKE AGREEMENT WITH A SUITABLE END USER 2. JV WITH SUITABLE MINING COMPANY Insitu Value: 3. SELL OUTRIGHT Present SolidResources.com 34 TSX.V: SRW FSE: YRS

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