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IONDRIVE LIMITED AGM Information 2005
65132_rns_2005-11-22_8b7517e4-bbdd-46b6-844b-b006df2b9050.pdf
AGM Information
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Southern Gold Limited
SOUTHERNCOL
ACN 107 424 519
2005 ANNUAL GENERAL MEETING
Managing Directors Report
Stephen Biggins
23 November 2005
2005 Achtevements in 6 months since Isting
- \$2.5M Uranium JV with Hindmarsh (HMR) 73
- Drilling programs at Challenger West (SA) and Bulong (WA) O
- IP Surveys over Grenfell Goldfield (NSW) O
- Gravity, radiometric and geochemical surveys on Yarlbrinda and 71 Yarlorinda South (SA)
- Tripled ground holding through acquisition, JVs and applications n
- Formed subsidiary Southern Uranium O
Southern Urantum Limited
400% owned subsidiary of Southern Cold Limited (SAU)
Vehicle dedicated to rapidly developing SAU's Uranium 65536
Provides ilexibility for development and financing
Expanding Exploration Interests
Positioned to triple granted ground holding to 10,000km2
Dominant Position in Gawler Graton
- TOOCU ETGELS 2
- 4 major uranium palaeochannel systems 0
Continued focus on Gold and Nickel
SOURERNCOL
New discovery opportunities IRONOXDEKOORREKGOND URANIUM DEPOSITS
NEWS ARCHING CONCERNS Subduction and the state of the Northwest corridors Northeast corridors eann ne an a Ministration and the second of Smaller gravity only signatures
SOUTHERNEOU
Southern Gawler Arc Deposit Centre
Victory Gravity Target
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Victory Gravity Target - Southern Gawler Arc
Viciony Gravity Model
Buried 6 milligal anomaly
Nearest outcrops have haematic alteration; subvolcanic breccias in area
Copper and Uranium anomalism at surface
Top 200m below surface
1000m diameter body = Eloninghueling Carrapateana
MIM only drilled MIMDAS IP targets rearby.....
Gravity larget not tested
ACQUIRING NEW TENEMENTS & GRAVITY TARGETS
SOUNIERNCOL
Exploration licences
New EL Applications
En Station Enginear a shekara t
With new gravity targets
$\frac{1}{\sqrt{2}}$
SOUTHERNCOL
Yathong Prospect EL 3217
- Regionally high radiometrics ö
- Elevated rare earths and Ö uranium
- Gold and copper in calcrete O
- Gravity anomaly coincident ŋ with magnetic IOCGU target
- Detailed gravity surveys just 7 completed
SOUILERNED !!!
ACQUIRING NEW TENEMENTS & GRAVITY TARGETS
Exploration licences
New EL Applications
Torrens South ELA
New Exploration Licence Application O
SOUTHERNEOU
Covers a number of Gravity Targets similar to nearby Carapateena
O
Example of number of projects in the n pipeline to develop into drill ready targas
Challenger West Palaeochannel Uranium
SOUTHERNCO 4.
180km of uranium bearing PG
Uranthamana e listilon drilled at depth by BHP 150oom
Uchilinininae isailonako Telentified at surface by
CRAE up to 600ppm
Best ground holding for
access and uranium rolliron deposits
Uranium JV with Elindmarsh
a serie de la provincia de la provincia de la provincia de la provincia de la provincia de la provincia de la
Yarlorinda and Yarlorinda South
SOUTHERN COL
- Nariaby Palaeochannel hosts ä Yarranna U deposit
- U sourced from nearby "hot" Õ Hilaba Granites
- Ground gravity, radiometric and 0 geochemical surveys completed
- Airborne EM Surveys Underway m
- Uranium drilling planned early a 2006
SOUTHERNCOU
Grentell Golditeld Lawson's Line target zone
- 10t of gold produced in 1800's a
- Source of deep lead gold O
- Same region as Cadia Z (Newcrest), Cowal (Barrick) & Northearkes (Rio)
- Little modern exploration until... O
- Southern Gold finds new gold bearing Porphyry at Two-Mile
- IP Surveys completed O
SOUTHERNEOU
Bulong, Western Australia Gold and nickel
High grade gold potential
New Exploration Manager Peter Hill to assess nickel potential
EM Surveys over New West Prospect
Souihern Gold Exploration Schedule
| ASIVAYA | RGSILLS | |
|---|---|---|
| Grandi i Pstrvays (Gold) i NSW | 06305 | Novaus |
| Drilling at Victory (loted), SA | 06505 | Detection |
| GEVIIV SUIVEYS (IOOCU) YENDINGE & Y. South, SA | Novada | Decod |
| Gravity Surveys (URANIUM) Challenger West, SA | Novada | DECEUS |
| Africane EMSurveys (URANIUM) Yaribrinda South, SA | DETENTE | REGEOS |
| Gravity Surveys (IOCGU) Southern Gawler Arc, SA | DETGEUS | RETIEDS |
| Drilling at Grenfell (GOLD) NSW | CENTICO | REPORT |
| Drilling at Challenger West, Yarlorinda and Y South | EARLY 2006 |
SAU Strategy for 2006
Continue exploration and drilling of cornerstone projects
Corporate expansion of our uranium business
Develop Major Alliances on ground holding in the Cawler Orion
Accuire interest in advanced projects