Silver Lake is a gold producer and explorer with a resource base of 1.5 million oz in highly prospective regions including the Mount Monger and the Murchison goldfields located in Western Australia. Silver Lake's exploration programme is targeting 5 million oz Au in resource by the end of 2011.
Gold Producer with Significant Exploration Upside
- Current production ~60,000oz Au per annum from Mount Monger
- High grade open pit potential in the Murchison
- Total resource base of 9,867,100 tonnes at 4.7 g/t Au for 1,488,400 oz
- Accelerated two year exploration programme
- Large land holding that is highly prospective and under explored
Mount Monger Goldfield
- 100% owned
- Identified gold potential of 2.0 million and 4.5 million oz
- New discoveries of Daisy East & Emma in July 2009
- Resource: 1,454,100 tonnes @ 8.3 g/t Au for 390,100 oz
- 10 km of highly prospective strike with multiple lines of mineralisation
- 300,000 tpa gold processing facility located 45 km from Daisy Milano
Daisy Milano Underground Mine
- First Gold production in December 2007
- Mine production ~50,000 oz Au pa
- Generated $10.7 million after tax profit in first full year of operation
- Resource:197,800 tonnes @ 40.5 g/t Au for 257,400 oz
Daisy East
- Discovered July 2009
- Located 40 metres east of Daisy Milano
- Producing 17 g/t Au
- Maiden Resource to be announced July 2010
Economic Pipeline of Open Pit Production Sources
- Magic, Costello and Lorna Doone
- Mining studies commenced
- Combines Resource: 802,600 tonnes @ 3.2 g/t Au for 81,700oz
Murchison Goldfield
Tuckabianna, Comet, and Moyagee Projects
- 100% owned
- Accelerated exploration programme commenced October 2009
- Targeting a second multi-mine production centre
- Resource: 7,821,800 tonnes @ 3.8 g/t Au for 965,400 oz
- The Lena deposit is a world class exploration project with a current resource of 820,200 tonnes @ 8.5 g/t Au for 224,200 oz
- Large land holding under explored at depths greater than 100 metres below the surface
- Goldfield hosts several >1 Moz deposits
Copper Lakes
- Greenfield exploration project
- Surface samples of up to 26.5% Cu and 5.18 g/t Au
Quality Management Team with Proven Track Record
- Strong corporate, operations and exploration experience
- Over 150 years of combined resource industry experience
- Diversified spread of professional attributes
- Extensive international network of industry and market contacts
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