1. RARE EARTHS, SPECIALITY
& STRATEGIC METALS
INVESTMENT SUMMIT
Building a tantalum supply for the EU
Greg Pendura – Managing Director, Solid Resources
IRONMONGERS’ HALL, CITY OF LONDON ● THURSDAY, 17 MAR 2011
www.ObjectiveCapitalConferences.com
03/02/11
3. 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 TSX.V: SRW FSE: YRS
4. Highlights
• Spanish rare metals property – former tin mine
• Proven mineralization –Tin, Tantalum, Lithium,
Niobium, Cesium and Rubidium “As the potential for commodity
• 43-101 qualifying report – March 2010 scarcity escalates, M&A activity
in the global mining sector will
• 29 hole drill program as of January 2011 - likely intensify, mimicking a
completion end Q2 2011 “global arms race.”
• New leadership late 2010 – mandate to attract
capital & bring focus - $1.25 million raised Nov. PricewaterhouseCoopers
2010.
• World class geological team
Objective
• Add tonnage to enhance known reserves
• Substantiate commercial viability of a large scale mining operation
SolidResources.com TSX.V: SRW FSE: YRS
5. Spain – Doade-Presqueira Property
Overview
About 25 KM’s east of the port city of Pontevedra in northwestern Spain.
Pontevedra Ourense
SolidResources.com TSX.V: SRW FSE: YRS
6. Spain – Doade-Presqueira Property
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.
- Commenced January 9, 2011
-29 holes - 3,500 metres
-16 hole, 2,000 metre in-fill drilling in the North Zone
(open pit)
-13 hole, 1,500 metre drill program to target the
South Zone
-12,108 acre concession
- Expected duration: 2nd Quarter
SolidResources.com TSX.V: SRW FSE: YRS
7. Spain – Doade-Presqueira Property
2010 NI 43-101 Qualifying Report:
Average assay results from the 17 hole 2003 and 2005
Drill Programs returned the following average results:
- Tantalum 228 g/t
- Tin 1,271 g/t
- Lithium 3,405 g/t
- Niobium 137 g/t
Widths ranged from one metre to 10.8 metres
SolidResources.com TSX.V: SRW FSE: YRS
8. Spain – Doade-Presqueira Property
.
The Economics – 454 grams = 1 lb
Tantalum 228 g/t $130/lb $65/t
Tin 1,271 g/t $14/lb $39/t
Lithium 3,405 g/t $3/lb* $11/t
Niobium 137 g/t $21/lb $7/t
Total $122/t
Average assay results from the 17 hole drill
program - 2003 and 2005. NI 43-101.
* Lithium Carbonate production cost is $1.50/lb.
SolidResources.com TSX.V: SRW FSE: YRS
10. Mergers & Acquisitions
Global mining M&A set to accelerate “Scarce opportunities for mega deals have prompted more
in 2011: report senior miners to acquire junior mines and exploration
companies earlier in their life cycle."
PricewaterhouseCoopers
Many mining and metals companies are looking for
acquisitions to fast track supply pipelines, driven by “Junior mining & exploration companies
confidence in ongoing underlying demand in are in play. Of late, investors have noticed a shift in
China, India and Latin America. We are seeing a lot capital and investing dollars towards the small and
larger lists of potential buyers than there are assets available.” micro-cap markets.“
Ernst & Young PricewaterhouseCoopers
“Large private funds, including pension funds that
M&A activity in the global mining sector is traditionally avoided the mining sector are attracted to
expected to accelerate in 2011, fuelled by strong the potential for long term returns offered by a
commodity prices and repaired balance sheets, advisory and commodity “super cycle.” Funds are likely to focus
accountancy firm investments on near developed or producing projects in
Ernst & Young
politically stable regions.”
PricewaterhouseCoopers
SolidResources.com TSX.V: SRW FSE: YRS
12. Tantalum: Rare Metals
$130 / lb
Uses: Cell Phones, Computers, Video Cameras - electronic Capacitors (stores & releases
electrical energy) & Prosthetic Devices.
Supply: 25-35% Western Australia; Africa - “Conflict Mineral”
Outlook: US pressure to end use of “Conflict Minerals”. The electronics industry is driving its
demand as the world becomes more and more reliant on technology.
SolidResources.com TSX.V: SRW FSE: YRS
13. Tin: Rare Metals
~$14 / lb
Uses: Alloyed materials (brass, bronze & pewter), Window glass & Corrosion prevention
Supply: 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
SolidResources.com TSX.V: SRW FSE: YRS
14. US Government Working to Cut-off
the Conflict-Mineral Trade
Tantalum Investing News – Melissa Pistilli
June 10, 2010
The electronics industry is the largest consumer of the minerals, including
tantalum & tin that are behind the ongoing war in the eastern provinces of
the Democratic Republic of Congo that has led to the murder, torture, rape
and enslavement of the region’s population.
US companies are coming under increasing pressure by the Obama
administration to stop using materials originating from the conflict-zone in
eastern DRC.
SolidResources.com TSX.V: SRW FSE: YRS
15. Lithium: Rare Metals
$3 / 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 TSX.V: SRW FSE: YRS
17. 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%
SolidResources.com TSX.V: SRW FSE: YRS
18. Corporate Listing Details
Symbol SRW – TSX.V ; YRS – FSE
Shares Outstanding 79.37 million
Options 6.85 million
Warrants 43.10 million
Fully Diluted 129.32 million
Cash $1 million
Insider Holdings 15%
SolidResources.com TSX.V: SRW FSE: YRS
19. 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.
SolidResources.com TSX.V: SRW FSE: YRS
20. 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.
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.
SolidResources.com TSX.V: SRW FSE: YRS
21. Conclusion
• Spanish rare metals property – former tin mine
• Proven mineralization –Tin, Tantalum, Lithium, Niobium, Cesium and Rubidium
• 43-101 qualifying report – March 2010
• 29 hole drill program as of January 2011 - completion end Q2 2011
• New leadership late 2010 – mandate to attract capital & bring focus - $1.25 million
raised Nov. 2010.
• World class geological team
Objective
• Add tonnage to enhance known reserves
• Substantiate commercial viability of a large scale mining operation
SolidResources.com TSX.V: SRW FSE: YRS
22. Stay Connected!
Visit http://SolidResources.com
For further information contact:
Solid Resources Ltd. The Howard Group Inc.
Greg Pendura, President & CEO Dave Burwell, Investor Relations
Tel (780) 800 0726 Tel (403) 221 0915
Info@howardgroupinc.com
SolidResources.com TSX.V: SRW FSE: YRS
