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: $0.022 10% 0.022 0.026 0.022 0.022 0.022 250,000

Gold: $44.80 USD per gram

Prices delayed by 20 mins

Releases on ASX

Date       Headline Pages PDF
23/09/2014 Funding granted in NSW Government New Frontiers Cooperative 5 PDF
17/09/2014 Next Phase of Drilling at Frasers Find Commences 3 PDF
05/09/2014   Half Yearly Report and Accounts 36 PDF
02/09/2014   Appendix 3B 13 PDF
02/09/2014   Change in substantial holding for PMR 2 PDF
29/08/2014   Full Year Statutory Accounts 35 PDF
27/08/2014   Becoming a substantial holder from HGL 2 PDF
27/08/2014   Change of interest of a substantial holder 2 PDF
26/08/2014   Letter to Shareholders 2 PDF
25/08/2014   Appendix 3B 11 PDF

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