Welcome to Sovereign Gold Company Limited

Sovereign Gold Company Limited (Sovereign Gold) (ASX:SOC) is an Australian-based specialist gold exploration company. Sovereign Gold has a portfolio of quality tenements located in Eastern Australia where there is known potential for the occurrence of Intrusion-Related Gold Systems (IRGS). Sovereign Gold has a highly prospective tenement package covering the Rocky River-Uralla Goldfield, 21km southwest of Armidale, NSW, Australia. In addition, through its 72.11% interest in unlisted Gossan Hill Gold, Sovereign also has a significant exposure to the recent world-class Mt Adrah Hobbs IRGS discovery south-east of Wagga Wagga, NSW.

Key Highlights

  • JORC Resource Estimate of 770,000 oz of gold (440,000 oz Indicated; 330,000 oz Inferred), within a total Mineral Resource estimate of 20.5 Mt at 1.1 g/t gold, at various cut-off grades
  • Rapid resource upgrade at Hobbs Pipe 1 at a cost of ~$1/oz
  • Potential for multiple gold pipe targets at Hobbs, located on Gilmore and associated Sutures with proven history of world class mines owned by major gold producers including:

- Newcrest’s Cadia-Ridgeway (60Moz gold equiv.)
- Rio Tinto’s [China Molybdenum] Northparkes (8Moz gold equiv.)
- Barrick’s Lake Cowal (2.8Moz gold equiv.)

  • Scale of Hobbs Gold-only pipe discovery unprecedented in Australia
  • Potential multi-million ounce bulk underground mining proposition with low-operating cost
  • Confirmed discovery of large IRGS system at Rocky River-Uralla Goldfield
  • $11 million work program underway at Rocky River-Uralla Goldfield, fully funded by investment from Chinese SOE JV partner Jiangsu Geological & Engineering Co. Ltd (SUGEC)
  • Controlling interest in Precious Metal Resources Limited (ASX: PMR)
  • Positive landowner relationships
  • Excellent logistics and infrastructure for gold mine development
  • Experienced Board and management team with proven track record

 

last updated 30 May 2014

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Share Prices

Code Last % Chg Bid Offer Open High Low Vol
SOC: $0.035 0% 0.034 0.035 0.036 0.036 0.035 35,500

Gold: $44.91 USD per gram

Prices delayed by 20 mins

Releases on ASX

Date       Headline Pages PDF
29/07/2014 Sovereign Gold Joint Venture Update 43 PDF
24/07/2014   Sovereign Gold Share Purchase Plan Closes 1 PDF
22/07/2014 Mount Adrah Update 11 PDF
22/07/2014   Final Director's Interest Notice 3 PDF
14/07/2014   Notice of General Meeting/Proxy Form 59 PDF
11/07/2014 Sovereign bid reaches 99% of Mount Adrah Gold 1 PDF
09/07/2014 Sovereign bid reaches 98% of Mount Adrah Gold 1 PDF
08/07/2014 Sovereign bid reaches 96% of Mount Adrah Gold 1 PDF
04/07/2014 Sovereign bids for remaining Mount Adrah Gold Limited shares 1 PDF
03/07/2014 Mount Adrah Gold identifies additional targets 9 PDF

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