Srw presentation-july-2013

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2013 Presentation

Transcript of Srw presentation-july-2013

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2013 Presentation

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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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Cehegin Magnetite Iron Ore Concession Southeastern Spain

Spain

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OTCQX: SLDRF

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Iron Ore Supply & Demand The Next 20 Years

Source: Rio Tinto, Dec., 2012

Demand from China will continue its steep climb before peaking in 2030DDemand from China will continue its steep climb before peaking in 2030

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Cehegin Magnetite Iron Ore ConcessionGeology

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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Cehegin Magnetite Iron Ore Concession

• 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 Mining

nnn Open pit with an historical average strip ratio of 2.7:1

Planned Production: 1 million tons per year

CAPEX: (upgrade of infrastructure, mining equipment & processing plant) - $60 million

Primary Crushing Plant Mina Maria

Tailings at Mina Maria Plant

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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 - Soledad

Orebody open to the West and East Orebody open at depth

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3D Model of Historical Drilling El Coloso

Longitudinal – Orebody open to the West and East Profile – Orebody open at depth

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3D Model of Historical Drilling - Villamejor

Orebody open at depth and to the north Orebody open at depth

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3D Modeling Soledad

3D Model of Soledad shows the orebody open to the East & West

Several holes were drilled to over 200 meters, which intersected many magnetite layers at depth.

The focus of the original operating company – AHV was to only prove out sufficient quantity and grades for open pit operations of up to 30 meters

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Historical Analysis

Orebody Open At Depth

Designed Open Pit

El Coloso

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Cehegin Magnetite Iron Ore Concession

• 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 on only 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 of over 100 Million Tons

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 GeologistThe ore processed in

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Cehegin Magnetite Iron Ore Concession 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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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; 15% Alloy Agent; 10% Corrosion Resistance; 5% Medical Science

Supply: Current shortfall of 21%.

Outlook: The electronics industry is driving its demand as the world becomes more and more reliant on light-weight technologies.

Tantalum

$125 / lb Concentrate$200 / lb Oxide

“A price increase of over 150% in a year.”

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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.

Demand: 52% soldering for electronics, 17% tinplate for canned goods. Also for alloyed materials.

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Lithium

$2.75 / 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.

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• 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 submitted to Mining authorities 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

Massive Pegmatite Dykes on property beside secondary highway

“In the north section, the 2003 & 2005 drill programs encountered mineralised pegmatite dykes with a maximum thickness of 15.2 metres, whereas the average in the 2011 & 2012 drill programs was 16.25 metres with a maximum thickness of 26 metres.”

G Greg Pendura, President & CEO

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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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Alberta-1 Tin/Tantalum/Lithium Presqueiras (Northern Zone)

PresqueirasResource 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&

Indicated4.83 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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Alberta-1 Tin/Tantalum/LithiumSouthern Zones

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 DetailsSymbol SRW – TSX.V; YRS – FSE

Shares Outstanding 120 million

Options 13 million

Warrants 36.5 million (14 million expire January 2013)

Fully Diluted 169.5million

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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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Geology TeamDr. 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..

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 SELL FORWARD TO A SUITABLE END USER

2. JV WITH SUITABLE MINING COMPANY

3. SELL CONCESSIONS OUTRIGHT

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Visit http://SolidResources.com

For further information contact:

Solid Resources Ltd.

Greg Pendura, President & CEO

Tel (780) 800 0726

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