South American Silver Q2, 2011 Corporate Presentation

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South American Silver Q2, 2011 Corporate Presentation

South American Silver Q2, 2011 Corporate Presentation

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  • 1. A Growth Focused Exploration & Development Company
    Growing and advancing one of the world’s largest
    undeveloped silver and indium resources.
    TSX: SAC, US OTC: SOHAF
    Corporate Presentation
    Q2 2011
    www.soamsilver.com
  • 2. Forward Looking Statements
    Certain statements contained herein constitute “forward-looking statements.” Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as “plans,” “intends,” anticipates,” “should,” “estimates,” “expects,” “believes,” “indicates,” “targeting,” “suggests,” “potential,” and similar expressions. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. The Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.
    TSX:SAC
    US OTC:SOHAF
  • 3. Investment Highlights
    South American Silver Corp.
    • Experienced management team with track record of successful project development and value creation
    • 4. Two large-scale deposits in South America
    • 5. Malku Khota: one of the world’s largest silver-indium resources
    • 6. Escalones: high potential copper-gold deposit
    • 7. Updated 2011 PEA study doubles estimated production to 13.2 M oz silver, 80 tonnes of indium and 15 tonnes of gallium per year, for first 5 years
    • 8. Measured and Indicated resources expanded 60% to 230 M oz silver
    • 9. Well definedbusiness plan to drive shareholder value
    • 10. Leveraged to silver nearly 4 oz of silver per share
    • 11. Attractive investment value relative to peers at low value per oz
    • 12. Exposure to the high-tech indium and gallium market
    • 13. Potential value from new copper-gold resource
    • 14. Strong focus on community relations
    • 15. Well financed into feasibility
    TSX:SAC
    US OTC:SOHAF
    1
  • 16. World-Class Deposits
    Two large-scale assets in South America
    Malku Khota, silver-indium project, Bolivia (100%)
    • Bulk mineable open-pit, sediment hosted deposit
    • 17. Low capital and operating costs as a heap leach or milling operation
    • 18. Update resource increases M&I 60% to 230 M oz silver
    • 19. Pre-Feasibility process to start in 2011 & Feasibility in 2012
    • 20. Resource expansion potential with only 4 km of 50 sq km
    property drill tested
    • Potential to be one of the top producing silver and indium mines
    • 21. Funded into Feasibility
    Escalones, copper-gold project, Chile (100%)
    • Large scale target in world-class mining district near El Teniente
    • 22. Exploration program and geophysics underway
    • 23. Resource definition program in 2011
    • 24. Potential significant copper, gold, silver deposit
     
    Malku Khota
    Escalones
    *AgEq=total contained metal
    2
  • 25. Share Capitalization2
    TSX:SAC, US OTC:SOHAF
    Issued & Outstanding
    Warrants
    Options
    Fully Diluted1
    99.9M
    117.3M
    7.2M
    10.0M
    Major Shareholders
    • Zamin—19.7%
    • 26. Private Swiss investors--19%
    • 27. Management1 --15%
    Institutional Ownership
    • Sprott Asset Management
    • 28. Front Street
    • 29. K2 funds
    • 30. Kudu Partners
    • 31. Orell Capital Management
    • 32. ~$300 million Market Capitalization (1)
    • 33. Average trading volume 500,000 shares/day
    • 34. Well financed with +$30 million in cash at year end2
    • 35. Potential NYSE-AMEX listing to increase visibility and liquidity
    As of November 8, 2010 with proposed $28 million financing
    (1
    (1) On a fully diluted basis
    (2) As of March 31, 2011
    3
  • 36. Zamin Group - Strategic Investment
    A Key Regional Player
    • Well funded regional player in South American resources industry with major projects in Brazil, Uruguay, Bolivia, and Chile
    • 37. Strategic 19.7% investment positions SAC in strong financial and operational position to advance projects to feasibility
    • 38. Track record of successfully facilitating South American project development through relationships with national and state governments in the region
    • 39. Portfolio of South American projects with strong government support in permitting, rail and port infrastructure
    • 40. Bamin Project-Brazil
    • 41. Valintine Project-Uruguay
    • 42. Acquiring assets in Bolivia over past year
    TSX:SAC
    US OTC:SOHAF
    4
  • 43. Comparative Resources in the Americas
    Second largest development stage silver resource
    $1.71
    Millions of Silver Ounces & (Enterprise Value Per Oz)
    $0.72
    $11.30
    $3.37
    Millions of Silver Ounces
    $2.17
    $2.44
    $8.08
    $1.87
    $5.82
    $17.89
    $9.13
    $39.35
    Mexico
    El. Salvador
    Peru
    Yukon
    Peru
    Mexico
    Nunavut
    Mexico
    Mexico
    Mexico
    Argentina
    Bolivia
    Chile
    Guatemala
    Source: CanaccordReport resource numbers as of January 11, 2011
    Based on Arpil 11, 2011 share price
    Note: All companies have projects in South and/or North America
    5
  • 44. Enterprise Value per Resource Oz
    By project development stage
    Producers
    Average >$25/oz
    EV of $0.81 base on 230.3 million M&I oz Ag
    Advanced Development Stage Average >$9/oz
    Development Stage
    Average >$4/oz
    Producing Companies
    Source: Canaccord & Intierra as of April 11, 2011,
    Note: All companies have projects in South and/or North America
    *EV/oz truncated to $25
    6
  • 45. Development Stage Value Curve
    Potential value growth with project advancement
    Production
    Average Enterprise Value per Oz of Silver by Stage
    Take-Over offers or Partnerships common at this stage
    $25/oz
    Construct
    Increased value through resource expansion
    Increasing Market Value
    Permits
    FS
    $9/oz
    PFS
    Resource
    Definition
    PEA
    $4/oz
    Advanced
    Development Stage (Reserves)
    Early Stage
    Exploration & Development
    Production
    Discovery
    Increasing value with project advancement
    Source: Recent average enterprise value per ounce of silver at various development stages for North and South American based projects. Canaccord, Wellington West and Company reports.
    7
  • 46. Current Silver Company Valuations by Stage
    Circle size represents EV/oz
    500
    EARLY DEVELOPER STAGE
    ADVANCED DEVELOPER STAGE
    PRODUCER STAGE
    $2,000
    Source: Canaccord Report January 17, 2011
    Intierra, February 8, 2011
    Share prices as of March 28 2011,
    Note: All companies have projects in South and/or North America
    8
  • 47. Silver Supply/Demand
    Surging investment demand plus industrial consumption resulting in significant demand growth. Supply increase resulting from rising silver prices driving producer hedging and increased mine production of 2.5% to help satisfy increasing demand.
    Total Global SilverSupply
    Total Global SilverDemand
    Source: GFMS World Silver Survey 2011
    9
  • 48. Silver Fundamentals Positive
    For continued higher prices
    • One of the only precious metals not yet to hit all-time nominal highs of ($50/oz) in 1980’s
    • 49. Bullish supply/demand outlook with investment and industrial demand increase
    • 50. Annual mine production vs total demand remains in short-fall
    • 51. Silver bullion is now the more scarce precious metal than gold from investment supply perspective
    • 52. US mint has sold only approximately three times more value in gold than in silver in 2010 coin sales, despite having to sell 131 times more gold for the market to stay in balance
    • 53. Chinese went from net sellers of more than 100 million oz of silver in 2005
    to net buyers of more than 120 million oz in 2010 with imports up
    4X since 2009
    • Ratio of silver to gold ETF trade volumes an
    average of 5.4:1 since early April, 2011
    • Few new major deposit discoveries
    Source: Silver Institute, Feb, 2011
    10
  • 54. Indium & Gallium—two key strategic metals
    Rapidly growing market for high-tech uses
    Uses
    • Indium-tin oxide (ITO) a key component of flat panel displays (FPDs) and touch screens
    • 55. High-efficiency CIGS (copper, indium, gallium, selenide) photo-voltaic thin-film solar panels, and LED lighting
    • 56. Fiber optics, specialized and transparent semiconductors
    Supply
    • Global indium use growing rapidly and could surpass available supply from by-product zinc refining at current price range
    • 57. One of the most scarce strategic metals due to low recycling and few primary producers
    TSX:SAC
    US OTC:SOHAF
    11
  • 58. Indium & Gallium Fundamentals
    Compelling supply/demand dynamics
    Indium and Gallium Supply/Demand dynamics
    • Indium and gallium highlighted in UN and US DOE studies as a critical technology metals in potential shortage, along with several key rare earth metals, due to rapidly increasing growth, low recycling rates and low primary production
    • 59. China is largest producer and consumer of indium and has imposed export quotas and tariffs like other key high-technology specialty metals
    • 60. Zinc market growing at 1-3% annually with indium market estimated to be 15-20% annual growth
    • 61. Current indium price ~$600/kg with five-year prices from $400/kg to over $1000/kg
    • 62. Roskill estimates a conservative 15% annual growth rate for gallium which could increase significantly with any successes in photovoltaics or as a rare earth substitute
    Malku Khota annual indium and gallium production
    • Malku Khota projected to be one of the world’s largest indium & gallium producers (80 tonnes and 15 tonnes per year
    • 63. Potential to represent 10% or more of global mine supply of indium and over 5% of global demand for gallium
    12
  • 64. Indium & Gallium Demand
    Growing demand in high-tech markets
    5 year projected demand growth
    End-use Market Demand (tonnes)
    2010 total indium production level
    Growth assumptions based on data from Displaybank in LCD TV Association “LCD TV Matters”-Volume 3, Issue 2, February 2010 , Strategies Unlimited, August 2009 , Solarbuzz, Photon International, GFMS , Nanomarkets, and the US Department of Energy Critical Minerals Strategy Report
    13
  • 65. Indium Fundamentals
    World indium demand vs price (1969-2013*)
    Indium Demand
    Indium Price/kg ($US)
    Source: Indium: Global Industry Markets and Outlook, 9th Edition 2010 (Roskill)
    *2011-2013 Data are estimates only
    14
  • 66. Opportunity in Bolivia
    An emerging resource based economy
    • Bolivian gov’t encouraging private investment
    • 67. Member of Mercosur Regional trade organization with Brazil as largest trading partner
    • 68. Gov’t bond rating upgraded by Moody’s & Fitch
    • 69. Mining second largest economic sector representing 40% of GDP
    • 70. One of the world’s premier silver districts with billions of ouncesof historical production
    • 71. Planned $32 billion 5-7 year infrastructure build-out by Bolivian government for new rail and road corridors and hydropower generation
    • 72. Three Major silver mines built within last four years by Pan American Silver, Coeur D’Alene, and Sumitomo
    • 73. Substantial resource industry investments in Bolivia
    • 74. Jindal Steel of India investing US$2.3 billion for 50% interest in El Mutun iron ore deposit
    • 75. Petrobras of Brazil—Latin America’s largest publicly traded oil company – investing US$1 billion of new capital into the Bolivian gas fields
    • 76. Repsol of Spain investing $1.6 billion to increase gas production in Bolivia
    TSX:SAC
    US OTC:SOHAF
    15
  • 77. Silver Mines in Bolivia
    One of the world’s premier silver mining districts
    • Historical district production of billions of ounces of silver
    • 78. Highly prospective & under-explored
    • 79. Increase from 9th largest global silver producer to 5th largest with completion of three major silver mines in past four years:
    • 80. Pan American Silver – San Vicente
    • 81. Coeur D’Alene - San Bartolome
    • 82. Sumitomo - San Cristobal
    TSX:SAC
    US OTC:SOHAF
    16
  • 83. Malku Khota Project
    One of the world’s largest silver-indium resources
    • 50 square km, 100% owned, road accessible project
    • 84. Low capital and operating costs on a per ounce basis
    • 85. Potential to be one of the top primary silver and indium producing mines at 13.2 M oz silver per year and 80 tonnes of indium1
    • 86. Project base case annual Cash flows and NPV’s more than doubled
    • 87. 60% expansion of Measured and Indicated Resources2
    • 88. Pit model 80% M&I resources for conversion to reserves with PFS
    • 89. Excellent resource expansion potential with just 4 km tested of trend
    • 90. Moving into Pre-Feasibility in 2011 and Feasibility in 2012
    on average for the first 5 years of production
    See March 31, 2011 News Release for detailed resource estimate
    Total contained metal
    17
  • 91. Established Infrastructure
    Low projected capital and operating costs
    • Open pit, bulk mineable
    • 92. Accessible by road
    • 93. Commercial power within 15km
    • 94. Access to water
    TSX:SAC
    US OTC:SOHAF
    18
  • 95. Mineralization
    Open pit, bulk mineable deposit
    Host rock sandstone with disseminated
    silver, indium, gallium, lead, zinc and copper
    Enrichment starts at surface
    Average grade first five years:
    • Silver: 42.2 g/t (58 g/t Ag Eq) 1
    • 96. Indium: 7.55 g/t
    • 97. Economic cut-off grade <15 g/t(at $18/oz Ag) 2
    AgEq comprised of all contained metals
    Economic cut-off grade comprised only of silver and indium
    19
  • 98. Mineralization
    High Grade Sandstone1160 g/t Silver
    Geological formations looking south from Limosna
    Malku Khota
    Sandstone
    Aroifilla Fm
    WaraWara
    Sandstone
    TSX:SAC
    US OTC:SOHAF
    20
  • 99. Malku Khota Drilling
    Grade thickness map
    • 115 drill holes in current resource with updated resource Q1-2011
    • 100. Updated resource results increase total M&I oz to 230 Moz Ag (a 60% increase in M&I oz) plus an additional 140 M inferred Ag oz
    • 101. 2011 program to target conversion from resources to reserves & expansion drilling
    • 102. Mineralization begins at surface
    • 103. Deposit open along trend and down dip with excellent potential for expansion
    • 104. New discovery of higher grade zones and down dip expansion of surface mineralization
    21
  • 105. New Exploration Results
    Discovery of broad continuous mineralization horizon
    LMD048: 286 meters grading 76 g/t Ag Eq Grade thickness values of over 21,500 g-m AgEq
    OPEN
    OPEN
    TSX:SAC
    US OTC:SOHAF
    22
  • 106. Malku Khota Deposit
    Only 4km of 50 sqkm property drill tested
    • 2010 program focused on in-fill and confirmation drilling for March 2011PEA Update
    • 107. Excellent potential to expand resources
    Wara Wara Area
    Sucre Area
    Concession Boundary
    Limosna Area
    Continuation of favourable sedimentary host rocks
    TSX:SAC
    US OTC:SOHAF
    23
  • 108. Production Processes
    From ore to metal
    Open Pit Mining
    • Large scale shovel and truck open pit mining operation
    • 109. Ore crushed in preparation for leaching
    • 110. Acid-chloride leaching in captures silver, indium, copper, lead, zinc, gallium and gold
    • 111. Metal recovery in several steps:
    • 112. Acid recovery
    • 113. Silver-gold-copper cementation
    • 114. Indium-gallium precipitation
    • 115. Lead and zinc sulfides
    • 116. Downstream processing to metal products
    Crushing
    Leaching
    Metal Recovery
    & Processing
    Silver, Gold, Copper
    Indium ingots
    Lead and Zinc concentrates
    TSX:SAC
    US OTC:SOHAF
    24
  • 117. 2011 Economic Assessment
    Metal Prices ($US)
    Mid Case
    Recent
    Base Case
    Mining Rate
    Life of Mine
    Ore Mined (LOM)3
    Average Silver Grade 2
    Average Indium Grade2
    Ag Eq grade
    40,000 tpd
    15 years
    200M tonnes
    42.2 g/t
    7.55 g/t
    58 g/t
    $35/oz
    $650/kg
    $730/kg
    Silver : $18/oz
    Indium : $500/kg
    Gallium: $500/kg
    $25/oz
    $570/kg
    $570/kg
    LOM
    Annual
    First
    5 years
    Total
    Recovered Metals
    Silver (oz)
    Indium (tonnes)
    Lead (lbs)
    Zinc (lbs)
    Copper (lbs)
    Gallium (kgs)
    158 M
    1,184
    191M
    135 M
    88 M
    212,962
    13.2 M
    80.7
    12.48M
    4.42M
    5.64M
    15,184
    10.5 M
    78.9 M
    12.7 M
    9 M
    5.87 M
    14,198
    Base Case
    Mid Case
    Recent
    First 5 years cash flow
    Net cash flow
    NPV (5% discount rate)1
    Internal Rate of Return
    Payback period (years)
    $185M/yr
    $1,261M
    $704M
    37.7%
    27 months
    $287M/yr
    $2,528M
    $1482M
    63%
    19 months
    $430M/yr
    $4,298M
    $2571M
    92.9%
    15 months
    In US dollars, March 2011, PEA
    First 5 years of production (average)
    LOM = Life of Mine
    25
  • 118. Near Term Mine Development Projects
    SAC one of largest near-term producers at 40,000 tpd
    • Annual estimated potential silver production of new development projects anticipated in the next 2-4 years
    Barrick
    25
    Bear Creek
    Millions of Ounces
    Alexco Resource Corp
    Fresnillo Plc
    Pan American
    Gold Resource
    Andean Resources
    Wildcat Silver Corp
    Bear Creek
    Minmetals, Jiangxi Copper
    Fortuna Silver
    Augusta Resource
    Silvermex Resources
    South American Silver*
    Greystar Resources
    Yukon Zinc Corp.
    Antofagasta plc
    Gabriel Resources
    CobarConsilidated
    China Minmetals
    Norsemont Mining
    Chariot Resources
    Jinchuan Group
    Antofagasta plc
    Intrepid Mines
    Oxiana
    Vale
    Source: CPM Silver Yearbook 2010
    *Data based on life of mine production rate of 10.5M oz/per year
    Production rate of 13.2 Moz /year for first five years
    26
  • 119. Global Silver Industry Cash Cost Curve
    Anticipated low-cost silver production
    Cumulative Percentile of Silver Mine Production Cost
    Malku Khota
    13.25 Mozs/yr (1)
    ~ $2.94/oz (2)
    Total Cash Cost Per Ounce of Silver
    Industry AverageCash Cost
    $5.27/oz
    Source: GFMS World Silver Survey 2011
    Average first 5 years of production
    Silver cash costs after credits ($US)/oz
    27
  • 120. Advancing to Production
    Development Timeline
    The project is at the PEA stage and may change substantially in terms of size and cost
    as further exploration, engineering and metallurgical testing are completed
    2013-14
    2012
    2011
    Pre-Feasibility Studies
    Feasibility
    Study
    Projected
    Mine Development
    TSX:SAC
    US OTC:SOHAF
    28
  • 121. Escalones-Copper-Gold project, Chile
    High potential, large-scale target
    • 70 square km, road accessible, large scale system
    • 122. Located in world-class copper mining district near El Teniente
    • 123. Historic drilling shows >1% copper grades at surface and untested porphyry system grading 0.6% copper
    • 124. Additional significant gold, silver and molybdenum credits
    • 125. Exploration program underway
    • 126. Resource estimate targeted for 2nd half of 2011
    TSX:SAC
    US OTC:SOHAF
    29
  • 127. Escalones
    Exploration
    Ownership: 100% through Lease
    Location: 35km E of El Teniente
    Elevation: 3800m
    6,889 hectares
    Escalones porphyry prospect located 97 km southeast of Santiago in central Chile
    12,666m drilled in 30 DDH
    • 10,159m in the skarn
    • 128. 500m in the porphyry
    SAC property
    Gas pipeline
    Access Road
    TSX:SAC
    US OTC:SOHAF
    30
  • 129. Drill Results Grade Thickness Map
    Large-scale porphyry system
    • Open in all directions
    • 130. Strong historic results
    TSX:SAC
    US OTC:SOHAF
    31
  • 131. Escalones
    Geological cross-section
    • Enriched zones with high grades at surface at over >1% copper with significant gold and molybdenum
    • 132. Large scale porphyry target intercept of 176 m @ 0.6% copper with additional gold, silver and molybdenum
    Alto
    Bajo
    TSX:SAC
    US OTC:SOHAF
    32
  • 133. Community Relations
    A key to successful project development
    • Assistance of BSR* to develop proactive community relations strategy
    • 134. Full-time community relations team working in region
    • 135. Objectives to facilitate economic development in communities
    • 136. Project construction will require a peak construction workforce of over 1,000 with operational workforce of around 400, most of whom will be sourced from surrounding communities
    *Business for Social Responsibility, San Francisco, CA
    33
  • 137. Project Milestones
    Value drivers over the next 6-12 months
    • Malku Khota, silver-indium-gallium project, Bolivia
    • 138. Updated resource estimate & PEA more than doubles annual production to 13.2 M oz of silver, 80.7 tonnes of indium and 15 tonnes of gallium per year*
    • 139. Updated resource results show 60% increase in M&I ounces to 230 M oz of silver with an additional 140M oz inferred, and indium to 1,481 tonnes M&I and 935 tonnes inferred
    • 140. Cash flows, project valuations and rates of return significantly expanded over previous studies
    • 141. Pre-Feasibility work beginning in second half of 2011
    • 142. Feasibility work to begin in 2012
    • 143. Escalones, copper and gold porphyry project, Chile
    • 144. Exploration and Geophysics program underway
    • 145. Target for initial resource estimate in 2nd half of 2011
    • 146. Potential for significant deposit of copper, gold and silver
    *Average first five years of production
    34
  • 147. Leveraged to Silver
    Value of silver per dollar invested
    Silver value per $1 invested
    SAC has some of the best leverage to silver of any development stage company with nearly$40 of silver value per $1 invested
    Average value of silver <$8 of silver per $1 invested*
    Source: Canaccord as of January 17, 2011, Share prices updated April 11, 2011
    Note: all companies have projects in South and/or North America
    Calculated using $25/oz Ag. Dollar value of silver per $1 invested = (silver resource/shares outstanding) x $25/oz silver) divided by share price
    Value only shown for silver with no contribution from other metals
    35
  • 148. Why South American Silver?
    Investment highlights
    • World-class scale projects with excellent expansion potential
    • 149. Track record of discovery and successful project development
    • 150. Growing shareholder value through resource expansion and advancing projects up the development value curve toward feasibility
    • 151. Leveraged to silver with nearly 4 oz of silver per share
    • 152. Attractive investment value relative to peers at low value per oz
    • 153. Exposure to rapidly growing indium and gallium high-technology market
    • 154. Potential new value from copper resource definition and expansion
    • 155. Continued investor outreach to broaden market awareness of Company
    • 156. Potential near-term NYSE-AMEX listing in the U.S.
    TSX:SAC
    US OTC:SOHAF
    36
  • 157. TSX: SAC
    OTC: SOHAF
    Phone: 604.681.6926
    1.855.681.6926
    www.soamsilver.com
    Greg Johnson
    President & CEO
    TSX:SAC
    US OTC:SOHAF
  • 158. Relative Stock Performance
    SAC outperforming key silver & gold indices
    • Trading liquidity increasing with average volume of 500,000 shares/day
    • 159. SAC undervalued relative to peers at >$0.80 Enterprise Value/oz vs average of more than $4/oz for early stage resources
    TSX:SAC
    US OTC:SOHAF
  • 160. Management Team
    A track record of success
    Ralph Fitch, Executive Chairman
    • Co-founder of South American Silver, High Desert Gold, and General Minerals
    • 161. Key role in discovery of Collahuasi copper porphyry , Malku Khota, Vizcachitas, and Escalones deposits
    Greg Johnson, President and CEO
    • Co-founder of NovaGold, key role in growing company from $50 million to $2 billion market capitalization
    • 162. Recognized for discovery and advancement of the 40 M oz Donlin Creek gold deposit for NovaGold and Barrick
    William Filtness, Chief Financial Officer
    • Chartered Accountant with twenty plus years of financial experience, including Manager, Corporate Development at Aurizon Mines
    Felipe Malbran, Vice President of Exploration
    • Extensive experience in exploration management in Bolivia, Chile, Peru and Argentina
    • 163. Key role in discovery of MalkuKhota, Vizcachitas, and Escalones deposits
    Phillip Brodie-Hall, Vice President of Project Development
    • Global industry experience in engineering construction and project development experience covering nearly every aspect of evaluation, feasibility studies and project development in the mining and mineral processing industries
    David Dreisinger,Vice President of Metallurgy
    • Professor and Industrial Research Chair in Hydrometallurgy at the University of British Columbia (UBC)
    • 164. Actively involved in developing and commercializing hydrometallurgical process at a number of operating mines in Australia and Southeast Asia.
    Richard Doran, Vice President and corporate secretary
    • Former VP Investor Relations for General Minerals and Marketing Manager for Chevron Resources
    Andrew Clark,Manager of Project Implementation
    • Global industry experience in the design and management of industrial, mining, materials handling, chemical and petrochical projects from feasibility studies through to commissioning and handover of completed facilities.
    Xavier Gonzales Yutronic,General Manager Compañía Minera Malku Khota S.A.
    • Mining Industry experience in finance, accounting, logistics, human resources and community relations at Comsur S.A., SinchiWayra (Glencore) from 2005-2007, and CompañíaMinera Malku Khota S.A. from October 2008 to date
    TSX:SAC
    US OTC:SOHAF
  • 165. Board of Directors
    Strong industry and financial experience
    Ralph Fitch, Executive ChairmanGreg Johnson, President and CEO
    Antonio Canton, Director - Mr. Canton is an independent consultant for international companies in marketing, finance and real estate. He is a director of a number of Swiss companies and brings to the board extensive experience in accounting and finance.
    Peter Harris, Director - Mr. Harris is an engineer with over 40 years of mining industry experience including as Senior VP and Chief Operating Officer at Nova Gold Resources Inc., and Senior VP of Project Development at Placer Dome Inc. He has been involved in the construction and operation of over 20 different mines in North and South America, Africa, Australia and Papua New Guinea.
    William Murray, Director - Mr. Murray is an engineer in the mining industry with over 33 years of experience in construction management and project evaluation in North America and Africa. He currently serves as the executive chairman and director of Polymet Mining Corp. Mr. Murray has been involved in numerous successful projects while working at Fluor Daniel, Denison Mines, Optimum Project Services and Anglo American Corp. in South Africa.
    Paul Haber, Director - Mr. Haber is a Chartered Accountant and a Certified Public Accountant with a strong background in US/Canadian accounting and finance. Presently manages Haber & Co. Ltd. Has previously been Chief Financial Officer and Corporate Secretary of a TSX Venture listed company.
    John Watson, Director - Mr. Watson has been the President of a TSX Venture Exchange listed company since 2002. He is also the manager/member of a limited liability corporation that owns and manages commercial real-estate.
    Tina Woodside, Director - Ms. Woodside is currently the head of the corporate finance department in Gowlings’ Toronto office and a member of the firm’s National Executive Committee. Ms. Woodside practices corporate and securities law with particular emphasis on corporate finance, mergers and acquisitions and corporate governance matters.
    TSX:SAC
    US OTC:SOHAF