SRW Presentation Fall 2013

2013 Winter Presentation

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TSX.V: SRW FSE: YRS SolidResources.com

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

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Alberta-1: Tin/Tantalum & Lithium Northwestern Spain

Spain

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• Proven Reserves • Excellent Infrastructure in place

• Submission for Mining Permit Underway P • 100% owned

• No royalties100r


Cehegin Magnetite Iron Ore Concession

Southeastern Spain

Spain

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Glencore Agreement In Place


Cehegin Magnetite Iron Ore

OTCQX: SLDRF

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Iron Ore Supply & Demand

The Next 20 Years

Source: Rio Tinto, Dec., 2013

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

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The Glencore Agreement

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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.


Glencore Agreement

Solid Resources Enters Co-Operation Agreement With Glencore

N ORE PROJECT

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Glencore Xstrata inks cooperation

accord with Solid Resources

GLENCORE SIGNS ON TO SPANISH IRON ORE PROJECT


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

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Cehegin Magnetite Iron Ore Concession Geology

LIMESTONE

MAGNETITE

OFITAS

Massive magnetite with beaded morphology is embedded in Ophites in the wall and Limestone in the ceiling. Excellent response to magnetometry The mineralization is associated with intrusive sub-volcanic rocks of ofito-doleritic composition

Massive Magnetite Dykes

Natural outcrop at the surface of a massive magnetite occurrence

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• 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

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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

Underground Mining in Edison Deposit Pending Exploration

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3D Model of Historical Drilling on Cehegin

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Intersecting Magnetite at Depth of over 200 Metres

Orebody Open at Width & Depth


Historical Analysis

Orebody Open At Depth

Designed Open Pit

El Coloso

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• 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.

Cehegín Iron Ore Reserves December, 7, 2012

Million Tonnes Fe % DTWR % DT %

Measured 7.63 39 41.5 64.6

Indicated 5.93 31 42.1 63.4

Measured & Indicated 13.56 35.5 41.8 64.1

Inferred 62.50 40 41.7 65.3

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Cehegin Magnetite Iron Ore Concession Quality

OTCQX: SLDRF

Category

Concentrate %

Iron

65.19

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

Zinc 0.004

“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.” Dr. Alfonso Gracia, Senior Geologist

Global benchmark for magnetite iron ore:

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GLOBAL BENCHMARK CEHEGIN

Fe (Iron Ore Content) > 25% 35.1% Avg

Silica < 3-7% 3.99% Alumina < 3% 1.73%

Phosphorus < 0.1% 0.04%



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

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On-Site Production Plant

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Port of Cartagena – Region of Murcia

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José Ballesta - Minister for Business, Industry & Innovation

Press Conference

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• 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


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

•

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Alberta-1: Tin/Tantalum & Lithium

NW Spain

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Uses: 70% Electronics – High Performance Capacitors

Supply: Current shortfall of 21%. “Conflict Metal”

Outlook: Considered a critical metal in Europe

Tantalum

$125 / lb Concentrate

$200 / lb Oxide

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Tantalum

One of the world’s largest tantalum processors

''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.''

The act outlines Conflict Minerals legislation. SEC prohibits the purchase of “conflict minerals.” Legislation now requires audited paper trail of purchase

Dodd-Frank Wall Street Reform Bill

and Consumer Protection Act - 2010

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Tin

Tin: ~ $10.00/lb. “Conflict Metal”

Demand: 52% soldering for electronics

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#1 performing Base Metal 2013 & 2014


Lithium

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.

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$2.75 /lb


• 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

Alberta-1 Tin/Tantalum/Lithium

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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

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Presqueiras (Northern Zone)

Presqueiras Resource Class Tonnes (Millions)

Ta205 (Tantalum)

ppm

Sn (Tin) %

Li20 (Lithium)

%

Nb205 (Niobium)

Ppm

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

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.

Represents less than 5% of the entire mineralized zones

April 30, 2013 Resource Estimate

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Southern Zones

Resource Class Tonnes (Millions)

Ta205 (Tantalum)

ppm

Sn (Tin) ppm

Li20 (Lithium)

%

Nb205 (Niobium)

ppm

Indicated 0.2 150.8 708.2 0.81 115.3

Inferred 4.0 144.7 646.1 0.77 109.2

2013 Scoping Study NI 43-101 Resource Estimate

April 30, 2013Scop

Southern Zones Grades: Tantalum - 50% higher Tin - 20% higher Total Measured, Indicated & Inferred – 16.6 Mt’s

Southern Zones

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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%

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Number of Warrants Strike Price Expiry Date

3.1 Million $0.15 January 6, 2014

10 Million $0.15 January 14, 2014

10.8 Million $0.15 May 10, 2014

4.1 Million $0.15 January 21, 2015

3.8 Million $0.15 March 22, 2015

3.9 Million $0.15 April 22, 2015

7 Million $0.15 August 14, 2015


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.

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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.

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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

3. SELL OUTRIGHT In-situ Value:

Present

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SRW Presentation Fall 2013

Technology

Transcript of SRW Presentation Fall 2013