Australian Solomons Gold Ltd
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Why ASG shares are a good investment

The board of directors and management of the Company believe the main strengths of ASG's ownership of the Gold Ridge Project include:
 

  • Historical resource of approximately 2.0 million ounces of gold at an average Measured and Indicated grade of 1.86g/t gold with a waste to ore ratio of approximately 1:1.
  • History of production from August 1998 to June 2000 with approximately 210,000 ounces of gold produced with an average cash cost of A$354/oz.
  • Fully permitted project as all previous project agreements have been assigned to the Company and remain valid, as confirmed by Solomon Islands government, including the Heads of Agreement landowner agreement confirmed by the landowner council in December, 2005.
  • Qualified board of directors and management team experienced in developing mining projects in various geographic locations.
  • 100% ownership with no joint venture or other interests attached to the Gold Ridge Project.
  • Existing plant and infrastructure, requiring refurbishment rather than a new plant and infrastructure construction.
  • Exploration potential in and around existing deposits and within the remaining Mining Lease and surrounding Special Prospecting Licence.
  • Confirmed tax and royalty regime for the life of the Gold Ridge Project.
  • Gold Ridge Project is important economically to the Solomon Islands as a nation and has the support of the government, landowners and Regional Assistance Mission to Solomon Islands ("RAMSI"), led by the Australian government and other Pacific Islands nations.

Principal Shareholders

Resource Capital Fund III LP - 40.62%
Golden China Resources Corporation - 23.78%