11th Apr 2012 07:00
11 April 2012
Solomon Gold Plc
("Solomon Gold" or the "Company")
Nominated Adviser to Change Name
The company's nominated adviser has changed from RFC Corporate Finance Limited ("RFC") to RFC Group Limited ("RFC Group") following a group reorganisation. The group reorganisation has been implemented following completion of the acquisition of Ambrian Partners Limited by RFC's parent company, RFC Group.
It should be noted that RFC Group will operate its nominated adviser activities in Australia through RFC.
From May 2012, RFC Group will be renamed RFC Ambrian Group Limited and RFC will be renamed RFC Ambrian Limited.
By order of the Board
Karl Schlobohm
Company Secretary
Contacts:
Mr Karl Schlobohm Tel: +61 (0)7 3303 0660
Solomon Gold Plc (Company Secretary)
Mr Ewan Leggat Tel: +44 (0)207 598 5368
Fairfax I.S. PLC (Broker)
Mr Stephen Weir Tel: +61 (0)2 9250 0048
RFC Corporate Finance (Nominated Advisor)
Mr Dominic Barretto Tel: +44 (0)7768 537 739
Yellow Jersey PR (PR & IR)
NOTES TO EDITORS
Solomon Gold's exploration projects are located in Queensland, Australia and the Solomon Islands. In Australia, they comprise the Rannes, Mt Perry, Cracow West and Normanby Projects. In the Solomon Islands they comprise the Fauro Project (located on Fauro Island), and the Guadalcanal Joint Venture with Newmont Mining Corporation.
At the Rannes project Solomon Gold has announced Inferred resources of 25.5 million tonnes at 1.0 g/t gold equivalent (gold + silver) for 812,000 ounces of gold equivalent (486, 935 ounces of gold and 13,014,294 ounces of silver; see announcement dated 30 November 2011 for details of the resource statement and gold equivalent ratios). The 2012 exploration program, including drilling to define new ore positions and grow the resource, has commenced.
Exploration continues at Mt. Perry, Normanby and Cracow West with drilling expected to commence in Q2 2012.
In the Solomon Islands, final data from the 2011 exploration program on the Fauro project has been reviewed and plans for 2012 are being prepared. The 2012 Guadalcanal Joint Venture exploration program with NVL Solomon Islands Limited (a subsidiary of NYSE-listed Newmont Mining Corporation) has commenced with drilling on highly prospective gold-copper porphyry targets expected to resume in April 2012.
Solomon Gold's strategy is to be an integrated gold and copper explorer, developer and miner.
Solomon Gold's Board includes accomplished professionals with strong track records in the areas of exploration, mine development in Australasia and Melanesia, investment, finance and law. Board and Management have significantly vested interests in the Company holding approximately 16.3% of its issued share capital.
Solomon Gold is based in Brisbane, Queensland, Australia. The Company listed on London's Alternative Investment Market in 2006, under the AIM Code 'SOLG' and currently has 313,381,934 shares on issue and 11,264,000 options exercisable at 50p on issue. Further details concerning the Company's key projects and personnel can be found at www.solomongold.com.
Related Shares:
SolGold