Objective Capital's Global Resources Investment Conference 2011
Stationers' Hall, City of London
27-28 September 2011
Day 1- Session 7: Europe focus: old and new
Speaker: Greg Pendura, Solid Resources
4. 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 OTCQX: SLDRF
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6. A short time to hard numbers: Q4/2011 – 43-101 & metallurgy report.
10. Tantalum: Rare Metals $150/lb Concentrate $250/lb Oxide Source - Asia Metals “A price increase of over 150% in a year.” Uses: 70% Electronics; 15% Alloy Agent; 10% Corrosion Resistance; 5% Medical Science Supply: Shortfall of 21%.30% Australia; 14% Brazil; 5% China; 30% Africa - “Conflict Minerals” Outlook: The electronics industry is driving its demand as the world becomes more and more reliant on light-weight technologies. OTCQX: SLDRF
11. Tantalum: Rare Metals Dodd-Frank Wall Street Reform Bill and Consumer Protection Act July 15, 2010 The act contained Conflict Minerals legislation pertaining to conflict regions in Central Africa, principally the DCR. Prior to the Conflict Minerals Bill, there was a 21% supply shortfall in Tantalum. With the addition of the restricted African nations, there now exists a 51% supply shortfall. The market requires additional production from projects located in politically stable countries that can demonstrate legitimate, long-term supply. One of the world’s largest tantalum processors ''We do not purchase any raw materials from the DRC or adjoining countries, even if we are offered material with allegedly official certifications from other state authorities.''
12. Tin: Rare Metals ~$11 / lb Demand: 52% soldering for electronics, 17% tinplate for canned goods. Also for alloyed materials (brass, bronze & pewter), Window glass & Corrosion prevention Supply: Indonesia, China, Peru, 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 OTCQX: SLDRF
13. Lithium: Rare Metals $2.5/ 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. OTCQX: SLDRF
26. Full access to roads, electricity, water, rail, labour force and deep sea port.
27. 3,690 hectares in a north-south direction hosting numerous pegmatite dykes (type of rock that hosts rare metals)
28. Spanish Ministry of Industry, Tourism and Trade are continuing to be strong supporters of the Doade-Presqueiras Project, granting the maximum subsidy.OTCQX: SLDRF
33. Spain – Doade-PresqueirasProperty 2011 Drill Program North Zone Highlights (inclusive): Suitable for low cost open pit mining. Note: 1 lb = 454 ppm/g/t & 1% = 20 lbs . Tin = $11/lb. Tantalum = $250/lb. Niobium = $28/lb. Lithium = 2.5/lb OTCQX: SLDRF
34. Spain – Doade-PresqueirasProperty 2011 Drill Program South Zone Highlights (Inclusive): Suitable for underground mining Note: 1 lb = 454 ppm/g/t & 1% = 20 lbs . Tin = $11/lb. Tantalum = $250/lb. Niobium = $28/lb. Lithium = 2.5/lb OTCQX: SLDRF
35. Spain – Doade-PresqueirasProperty 2011 Drill Program “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 drill program is 16.25 metres with a maximum thickness of 26 metres.” Greg Pendura, President & CEO OTCQX: SLDRF
42. Spain – Doade-PresqueirasProperty 2011 Drill Program Estimated Costs of Production Pre-Tax Profit $74.40 / t Soft Rock $10.33 / t Open Pit Hard Rock $12.03 / t $72.70 / t Mine Underground $19.53 / t $127.33 / t OTCQX: SLDRF
43. Spain – Doade-PresqueirasProperty Spanish Newspaper Feature on Solid “La Voz de Galicia” May 2011 Searching for Galician Treasure The race for non-conflict strategic minerals has begun in Galicia: A Canadian company intends to operate the first coltan (tantalum) mine in Europe Dr. Rolf Burkhardt, PhD. Geol., Senior Geologist OTCQX: SLDRF
44. Spain – Doade-PresqueirasProperty Options Moving Forward MINING OPERATION 2. JV OR SELL FORWARD TO A SUITABLE END USER 3. JV WITH SUITABLE MINING/EXPLORATION COMPANY 4. SELL CONCESSION OUTRIGHT OTCQX: SLDRF
45. 2012 $4.5 Million FinancingUse of Proceeds Spain Doade-Presqueiras Property - 2012 Drill Program Approx. 6000m - $1,225,000 - Assay/Metallurgy $200,000 - NI 43-101 update $150,000 - Pilot & Beneficiation Plants $300,000 - Technical Support (Internal & External) $500,000 - Equipment & Software $250,000 Peru Gold/Copper Property - Initial Drill Program $225,000 Spain Silver/Copper Property - Initial Drill Program $225,000 G & A $750,000 Cost of Funds $400,000 Miscellaneous $275,000 Total $4,500,000 OTCQX: SLDRF
