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SolGold Plc

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Summary

Project:

Cascabel

Deposit:Alpala
Location:Ecuador
Commodities:Copper-Gold
Date:11/19/2019
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Resource Increase/Upgrade
Report details:19-11-2019: SolGold Plc announces a PEA report for its Alpala deposit at the Cascabel project. Amended report - PEA results incl. post-tax NPV of US $4.2B (8%). IRR of 26.5%. This Preliminary Economic Assessment (PEA) and Technical Report has been prepare
Resources:(Resource): 2050Mt @ 0.41% Cu, 0.29g/t Au (Ind.) and 900Mt @ 0.27% Cu, 0.13g/t Au (Inf.) at Alpala
CP/QP:[Resources]: Martin Frank Pittuck (SRK Consulting (UK) Ltd.)
ABSTRACT:This Preliminary Economic Assessment (PEA) and Technical Report has been prepared and compiled by Wood plc (Wood) for SolGold Plc (SolGold) and Cornerstone Capital Resources Inc (Cornerstone) for the Cascabel Project, Alpala Copper-Gold-Silver Deposit in Northern Ecuador. SolGold is a leading exploration company focused on the discovery and definition of world-class copper-gold deposits. SolGold has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper belt, home of multiple Tier 1 copper and gold projects and half the world’s copper resources. SolGold is listed on the Toronto Stock Exchange (TSX) and the London Stock Exchange (LSE). The contributors to this report include Wood plc as Lead Consultant, and with direct responsibility for the processing, materials handling, and infrastructure components; SRK Exploration UK (SRK) with direct responsibility for the geology resources estimation; Mining Plus (MP) with responsibility for the geotech, hydrogeology and mine planning aspects of the study; Knight Piésold (KP) with responsibility for the environmental and community aspects; and Ernst and Young (EY) with responsibility for the economic analysis aspects of the study.

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