SOLGOLD PLC ORD - SLGGF STOCK NEWS

SolGold has released a positive Pre-Feasibility Study (PFS) for its Cascabel project, indicating strong potential as a large, low-cost copper-gold mine in Ecuador. The study estimates a US$5.2 billion pre-tax Net Present Value and a 25.3% Internal Rate of Return, with annual after-tax free cash flow averaging US$740 million. The project is projected to produce significant quantities of copper, gold, and silver, benefiting from favorable infrastructure and a supportive government. The mine could create over 6,000 jobs and generate substantial tax revenue.

SolGold plc has announced a drilling update for its Tandayama-América (TAM) copper-gold deposit located at the Cascabel project in Ecuador. The TAM deposit, situated 3km from the Alpala deposit, currently has a Mineral Resource Estimate (MRE) of 233Mt at 0.33% CuEq. Recent drilling results have shown potential for resource growth, with significant intersections including 769.9m at 0.32% CuEq from Hole 26. Drilling continues with Hole 41 underway, indicating ongoing mineralization. An updated MRE is also being prepared, reflecting positive advancements in the project's development.

SolGold has announced that it will release the Cascabel Pre-Feasibility Study (PFS) results on April 20, 2022, at 7 AM BST. The CEO Darryl Cuzzubbo will host a live presentation on the same day at 9:30 AM BST, with registration available for investors. This update underscores SolGold's commitment to providing transparency and delivering value to shareholders while exploring the Cascabel project in Ecuador, which is part of the highly mineral-rich Andean Copper Belt.

SolGold PLC has reported a change in major holdings as Norges Bank acquired voting rights on February 25, 2022. This acquisition includes 3.067% of voting rights attached to shares and 0.158% from financial instruments, totaling 3.224%. As of now, Norges Bank holds 73,948,696 voting rights in SolGold. This notification is part of transparency requirements, reflecting significant stakeholder engagement in the company.

SolGold has released its interim financial results for the half year ending December 31, 2021. The report highlights SolGold's commitment to exploration and development of copper and gold deposits in Ecuador, particularly at its key project, Alpala. The company operates with an 85% interest in ENSA, managing the Cascabel concession. Further details, including the Management Discussion and Analysis (MD&A), are accessible on the company’s website. SolGold aims to create value for shareholders while ensuring environmental and community benefits.

SolGold has filed an independent NI 43-101 Technical Report on the maiden Mineral Resource Estimate for the Cacharposa deposit at the Porvenir project in Southern Ecuador. The report reveals a Mineral Resource of 396.8Mt at 0.44% CuEq for 1.40 Mt Cu and 1.80 Moz Au in the Indicated category, and 96.9 Mt at 0.37% CuEq for 0.28 Mt Cu and 0.38 Moz Au in the Inferred category. The report complies with Canadian guidelines and indicates reasonable prospects for economic extraction.

SolGold has announced the results of its Annual General Meeting held on December 15, 2021, confirming all resolutions were passed via a poll. The meeting took place in Brisbane and virtually. Key votes include:

• All reports received 100% support.
• Directors' remuneration: 82.66% approval.
• Appointment of auditors: 99.71% approval.

Concerns arose from resolutions with over 20% votes against, prompting the Board to engage with shareholders.

SolGold has announced significant findings from its Porvenir project in Ecuador, with drill hole 19 returning one of the best intersections yet: 722m @ 0.66% copper equivalent (CuEq) from surface. Other notable intersections include 124m @ 0.76% CuEq and 140m @ 0.47% CuEq. The ongoing exploration at Porvenir aims to establish a maiden Mineral Resource Estimate for the Cacharposa deposit, expected later this month, while three drill rigs continue to explore surrounding targets.

SolGold has provided a drilling update for its Tandayama-América (TAM) porphyry copper-gold deposit at the Cascabel project in Ecuador. The maiden Mineral Resource Estimate (MRE) indicates 233Mt @ 0.33% CuEq with 0.53Mt Cu and 1.20Moz Au in the Indicated category, and 197Mt @ 0.39% CuEq in the Inferred category. Approximately 26,000m of diamond drilling from 33 holes has been completed, enhancing resource potential. Significant assay results from recent drilling, particularly from holes 19-24, indicate further mineralization growth. The project aims to develop into a substantial copper-gold asset.