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XREF LIMITED Investor Presentation 2011
66097_rns_2011-07-28_549bdcac-c89b-4d3b-b345-b1bb53343340.pdf
Investor Presentation
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KING SOLOMON MINES
FINDING THE RAINBOW
Disclaimer
This Corporate Update ("Update") is not a disclosure document, nor does it constitute the provision of financial advice or a recommendation to buy or sell shares. The Update was prepared from information available at the time of preparation.
Neither King Solomon Mines Limited ("King Solomon"), its related bodies corporate, officers, employees or advisors makes or gives any representation, warranty or guarantee in relation to the Update, whether orally, in writing or in any form whatsoever, ("Information") to the Recipient. The Information is provided expressly on the basis that the Recipient will carry out its independent inquiries into the information, and seek appropriate financial advice. King Solomon reserves the right to update, amend or supplement the information at any time in its absolute discretion, without incurring any obligation to do so.
The Update contains certain forecasts and forward-looking information, including information about possible or assumed future performance, exploration results, resources or potential growth of King Solomon, industry growth or other trend projections.
Such forecasts and information are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors, many of which are beyond the control of King Solomon. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements, depending on a variety of factors.
Information on mineralisation was compiled by A B Bell, BSc, F AusIMM(CP), a Competent Person (under the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves), who has relevant experience with such mineralisation and has consented to its inclusion.
Capital Structure
Shares 166.3 million
Options 3.6 million
Cash (30 June 11) \$4.1 million Mkt. Capitalisation \$11.6 million (7c)
12 month trading 4.5c – 14.5c
- Under explored major fold belt
- Copper and Gold focus
- World Class targets
Greater Hinggan-Mongolian Fold Belt
Principal Projects
Sonid North Gold (Mud-house & (± silver) other prospects)
other prospects)
Bu Dun Hua Porphyry Copper (Whitehorse & (± molybdenum, gold, silver)
Inner Mongolia
Area: 1.28M sq km Pop: 21M Capital: Hohhot (>1M)
- Under-explored
- Exciting tectonic position
- Opportunities
Sonid North Project
Mud-House Gold prospect
Sonid District Projects
Sonid North & Marmot
The "Mud-House"
Mud-house Au-in-RAB anomaly
Mud-house RC drilling
Mud-house X-section
Narrow vein Au potential
Package of Au mineralised narrow veins, breccia zones, shears.
On 1g/t Au cut-off: Av grade = 4.8g/t Au Av width = 2m
Strike potential: > 1.8km
Other features: Presence of coarse Au Ag credits
Un-knowns: Number of mineralised structures Continuity between existing holes Continuity up/down dip
Larger Potential?
Stage II diamond drilling
Mud-house Checklist
- District-scale fault structures
- Altered rhyolite dykes and plugs
- Intrusive porphyries
- Widespread anomalous Au
- Potential for narrow vein Au resource
- Potential for larger scale mineralisation style
Bu Dun Hua Project
Porphyry Cu-Mo system
Epithermal Silver/Gold prospects
Inner Mongolia
Area: 1.28M sq km Pop: 21M Capital: Hohhot (>1M)
- Under-explored
- Exciting tectonic position
- Opportunities
Porphyry Copper Deposits
Large-scale: 10Mt – 10,000Mt
Varying proportions of: Cu ± Mo ± Au
Also: Re, Ag, Pb, Zn, Pd Te, Se Bi
Supply: 75% world's Cu 50% world's Mo 20% world's Au
Limited to: Pacific Rim Philippines – Indonesian arc Central Asian arc
Schematic porphyry Cu section
Bu Dun Hua porphyry Copper prospect
Whitehorse Porphyry Schematic
Whitehorse Deep hole
Scout Drill Program
Cf. Cadia Valley, NSW
Checking the boxes
| Porphyry Cu pre-requisites | BDH | |
|---|---|---|
| -- | ---------------------------- | ----- |
Appropriate tectonic setting Yes Appropriate intrusive stock Yes Appropriate alteration types Yes Appropriate scale Yes Appropriate metals Yes Appropriate geological structures Yes
Next Steps -Plan
Bu Dun Hua (Copper) 1st round drilling (8 holes remain) - Kubilai - Genghis - Whitehorse extended
Follow up drilling
Mud-House (Gold) Follow up drilling
- Mud-house (11 holes)
King Solomon
- Active explorer
- Strong team
- Highly prospective regional setting
- Strong exploration prospects
- Exciting targets at BDH & Mud-house
- Aggressive exploration program
