AMEC Convention 2011 - Silver Lake Resources

AMEC Convention 2011

Les Davis - Managing DirectorLes Davis Managing Director

www.silverlakeresources.com.auABN: 38 108 779 782ASX: SLR

Important Notice and Disclaimer

Silver Lake Resources Limited has prepared this presentation based on information available to it. No representation or warranty, express or implied, ismade as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation.

All dollar terms expressed in this presentation are in Australian dollars unless otherwise statedAll dollar terms expressed in this presentation are in Australian dollars unless otherwise stated.

To the maximum extent permitted by law, none of Silver Lake Resources Limited, its directors, employees or agents, advisers, nor any other personaccepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any lossarising from the use of this presentation or its contents or otherwise arising in connection with it.

This presentation is not an offer invitation solicitation or other recommendation with respect to the subscription for purchase or sale of any security andThis presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, andneither this presentation nor anything in it shall form the basis of any contract or commitment whatsoever. This presentation may contain forward lookingstatements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflectedin these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actualresults or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results,reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic andfinancial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

The information in this presentation that relates to mineral resources and exploration results are based on information compiled by Mr Christopher Banasik who is a Member of the Australasian Institute of Mining and Metallurgy. Any statement herein, direct or implied, as to a potential gold deposit is conceptual in nature and a reference to the targeted gold potential and not to any JORC compliant Mineral Resource. Mr Banasik is a full time employee of Silver Lake Resources Ltd, and has sufficient experience which is relevant to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 edition of the JORC Code. Mr Banasik has given his consent to the inclusion in this presentation of the matters based on the g pinformation in the form and context in which it appears.

The information in this presentation that relates to exploration and production targets refers to targets that are conceptual in nature, where there has beeninsufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

The information on exploration targets in this presentation are based on a conceptual range of targets as follows:p g p p g g

Tonnage range: 20 million to 50 million tonnes

Grade range: 3 g/t Au to 8 g/t Au

Ounces: 2 million to 5 million

Slide 2

Company Overview

Investor Shares (M) %ASX Code: SLRSprott Asset Management 16.9 9.5

Eye Investment Fund Ltd 10.0 5.6

Ashok Parekh Group 5.4 3.0

Di t 25 4 14 2

ASX 300 Index March 2010

Ordinary Shares 178.9 million

Unlisted Options 24.2 million

M k t C (A$1 80) F ll Dil t d A$365 illi Directors 25.4 14.2

Top 10 + Directors 85.9 43.9

Directors

Market Cap (A$1.80) - Fully Diluted A$365 million

Range (12 month) A$1.57 - A$2.69

Source: CommSecDirectorsPaul Chapman Chairman

Les Davis Managing Director

Chris Banasik Director Exploration and Geology

Sou ce Co Sec

Chris Banasik Director Exploration and Geology

Peter Johnston Non Executive Director

Brian Kennedy Non Executive Director

David Griffiths Non Executive DirectorDavid Griffiths Non Executive Director

Slide 3

Company Performance

Equity Raising:– November 2007 $30 million (IPO)– October 2009 $18 million (accelerate exploration)

Results:– $27.7 million cash & bullion (31 March 2011)

no debt no hedging– no debt, no hedging– profitable every year since inception– delivered low capital business outcomes– purchased 4 mining areas & 2 mills

Murchisonp g

– produced first gold bar 5 months after IPO– underground mine production1 685kt @ 8.1 g/t = 178koz – open pit production1 221kt @ 2.3 g/t = 16.5koz

1 2

Kalgoorlie

– mill production1 815kt @ 6.8 g/t2

– ounces recovered1 170koz– added over 2 million ounces to resource base– discovery cost <$10 per ounce

Mount Monger

discovery cost <$10 per ounce– extended mine life from 2 to >10 years

1: Inception to May 20112 Bl d f d d & i f d

Slide 4

2: Blend of underground & open pit feed sources~15,000 oz in unprocessed stockpiles & GIC

Investment Highlights

Mount Monger - 1.3 Moz Au high grade resource1 (8.7 g/t Au):– 4 underground producing minesg p g

– pipeline of open pit ore sources2

– expanding processing facility to 1mtpa by H2 2012

– targeting sustained production of ~ 200,000 oz pa by 2014targeting sustained production of 200,000 oz pa by 2014

– expected mine life of >10 years

Murchison - 1.5 Moz Au resource1 (3.0 g/t Au):– planned production January 2013

Murchison

– planned production January 2013

– 14 open pit & 4 underground feed sources

– ~100,000 oz per annum, 8 to 10 year mine life

purchased milling infrastructure

Kalgoorlie

– purchased milling infrastructure

Strong production growth profile:– two large production centres

lti l f d d d i

Mount Monger

– multiple surface and underground mines

Significant exploration upside3

1: Refer to slide 33 - JORC Resource Inventory2 Mi i di b i fi li d

Slide 5

2: Mining studies being finalised3: Refer to slide 2 - Exploration Targets

Exploration Plan

Commenced accelerated activities November 2009:

– activities on granted mining leasesactivities on granted mining leases

Objectives:

– increase global resource to 5Moz1

– June 2012 time frame

Achievements to date:

dd d 2 0 M i dMurchison

– added 2.0 Moz since programme commenced

– discovery cost <A$10 per oz

Significant resource upside:

Kalgoorlie

g p

– highly prospective, underexplored tenement holding

– results to date highly encouraging Mount Monger

Continue with $18 million per annum programme

Slide 6

1: Refer to slide 2 - Exploration Targets

Resource Growth

5

4

Over 2 million ounces added after

3

lion

Oun

ces depletion of 162,000 oz

1

2Mil

0Nov-07 Jun-08 Jun-09 Jun-10 Dec-10 Jun-11 Dec-11 June-12

“We have demonstrated our ability to rapidly grow the resource base at <$10 oz”

1: Refer to slide 33 - JORC Resource Inventory

Target Range

Slide 7

1: Refer to slide 33 - JORC Resource Inventory2: Refer to slide 2 - Exploration Targets3: Total resource includes Rothsay

ASX mid-cap gold universe (A$200 - A$500M)

600

Market capitalisation vs. resource grade EV/Resource (US$/oz)

250 Producer

BDR500

600 Size of bubble indicates resource base 225

186177 176 171

200

Producer

Developer

RMS

SAR

TGZ

SLRIGRADU

TRYCQT300

400

alisa

tion

(A$m

) 171

127120 115

150

rce

(US$

/oz)

Average = US$146/oz

NMG TAMCAH

200

Mar

ket c

apit

21Mt at 4.4 g/t Au4

105 101 100100

EV/R

esou

0

100 Producer

Developer

0

50

1. Data sourced from IRESS and company filings2. Market capitalisations shown on undiluted basis3. Share prices as at close of 29/03/2011

0 1 2 3 4 5 6Grade (g/t)

CQT TRY CAHADU IGRNMGSLRTAM TGZ SARRMS

Slide 8

3. Share prices as at close of 29/03/20114. Refer to slide 33 - JORC Resource Inventory

Conceptual Production Targets

Mount Monger Murchison Cash Operating Cost

600

700

300

350

Oun

ce

m

400

500

200

250

g Co

st p

er O

s pe

r An

num

200

300

100

150

ash

Ope

ratin

,000

Oun

ces

0

100

0

50

FY10 Actual FY11 Target FY12 Target FY13 Target FY14 Target FY15 Target

A$ C

a

1. Pending exploration success2. CONCEPTUAL TARGETS ONLY - Refer to disclaimer on slide 23. Australian financial years, 1 July to 30 June4 Contained gold in ore production

FY10 Actual FY11 Target FY12 Target FY13 Target FY14 Target FY15 Target

Slide 9

4. Contained gold in ore production5. Cash operating cost is for Mount Monger only

& includes royalties

Key Requirements To Achieve Targets

1. Ongoing exploration:

– $18 million per annum programme M$ p p g

– committed to long term exploration

2. Debottleneck Mount Monger underground mines:

M– construction of $5 million ventilation shaft

– completed on time & on budget M3. Debottleneck Lakewood Gold Processing Facility:

– upgrade to 1mtpa by H2 2012

– in progress and on track

4. Murchison production:

commence construction January 2012– commence construction January 2012

Slide 10

Mount Monger Location

50 km south east of Kalgoorlie:

a world class gold region– a world class gold region

– produced >60Moz

– excellent access to suppliersexcellent access to suppliers

– residential workforce

Access:

– via Mount Monger Road

Land holding:

– ~160 sqkm

Slide 11

Mount Monger Overview

Quality high grade resource:

– 4.7 million tonnes at 8.7 g/t Au for 1.3Moz1 Northg

– high grade mineralised system

– multiple lines of mineralisationDaisy Milano Mine Site

– over 10 km of strike

2.4 to 4.5Moz gold potential2 :

– Anglo due diligence report (2003)

Daisy Milano Mine Site

– 9 independent zones <500 metres depth

Underexplored along strike and at depth:

l 3% f h l d ill d 100 t– only 3% of holes drilled >100 metres

− mineralisation tested to 900 metres and open at depth

Pipeline of open pit ore sources:

– open pit resource: 1.3 million tonnes @ 3.2 g/t Au for 136,000 oz1

– mining studies in progress for Magic, Wombola Dam and Wombola Pit

Slide 12

1: Refer to slide 33 - JORC Resource Inventory2: Refer to slide 2 - Exploration Targets

Mount Monger Operations

Ore

3.0

1.0 m

2.4 m

m

45 m

Daisy Milano Decline Narrow vein ore driving at Daisy Milano Narrow vein stoping

Slide 13

Ore Sources To Achieve 200,000 oz pa?

Daisy Milano:

− produced > 300,000 oz of gold1200

p , g

− current resource of 598,000 oz

− endowed with >1,000 oz per vertical metre

mineralisation remains open below 900 metres- 400

- 200

− mineralisation remains open below 900 metres

− potential to produce a total of over 1Moz

− becoming significant on a regional scale - 600

− near mine exploration targeting “the next one”

“Three Daisy Milano Strategy”:

− three independent underground mines- 800

West

p g

− accessed from same infrastructure

− development in place by 2014

producing 60 000 pa each

Schematic view of Daisy Milano

− producing ~60,000 pa each

+ open pit production = 200,000 oz pa by 2014

Slide 14

1: Since inception

Daisy Milano - High Grade Mine

- 200

Daisy Milano

Ventilation Shaft

- 400

Daisy Deeps

- 600

Mi d l d d t 600 ti l t

- 800

West

Slide 15

Mine developed down to 600 vertical metres

Daisy East - Stoping Commenced

Daisy East

- 200

Daisy Milano

Ventilation Shaft

Daisy Milano

Ventilation Shaft

y

- 400

Daisy DeepsDaisy Deeps

- 600

- 800West

Slide 16

Rosemary - Initial Ore Development

Daisy EastDaisy East

Rosemary- 200

Daisy Milano

Ventilation Shaft

Daisy Milano

Ventilation Shaft

y

Daisy Milano

Ventilation Shaft

y

- 400


Daisy Deeps

- 600

- 800West

Slide 17

New Structures West Of Daisy Deeps


Rosemary

- 200

Daisy Milano

Ventilation Shaft

Daisy Milano

Ventilation Shaft

y

Daisy Milano

Ventilation Shaft

y

- 400


Daisy Deeps

- 600

New Structures

- 800West

Slide 18

Haoma - Ore Driving July 2011


Rosemary- 200

Daisy Milano

Ventilation Shaft

Daisy Milano

Ventilation Shaft

y

Daisy Milano

Ventilation Shaft

y

- 400

Haoma

600


Daisy Deeps

- 600

New Structures- 800

West

Slide 19

Wombola Dam

Location:− 5km north west of Daisy Milano

Drilling results:− 3m at 29.8 g/t Au from 21m− 6m at 18.2 g/t Au from 20m− 2m at 39.3 g/t Au from 22m− 3m at 18.4 g/t Au from 15m− 3m at 18.9 g/t Au from 12m Starter Pit

− 5m at 10.1 g/t Au from 25mNear surface:− all intercepts within 30 metres of surface− multiple veins

Current status:− mining study in progress

Big Pit

− initial production from starter pit (250m long x 150m wide)− followed by big pit (420m long x 250m wide)− decision to mine Sep 2011 quarter

Slide 20

Wombola Pit

Location:− 5km north west of Daisy Milano

Historic production:− 87,000 tonnes at 2.9 g/t Au for 8,000 oz

Drilling results:3 t 23 8 /t A f 20− 3m at 23.8 g/t Au from 20m

− 3m at 21.8 g/t Au from 12m− 2m at 17.8 g/t Au from 13m

8m at 8 2 g/t Au from 21m− 8m at 8.2 g/t Au from 21m− 10m at 4.1 g/t Au from 14m− 7m at 5.0 g/t Au from 22m

Near surfaceNear surface− all intercepts within 30 metres of surface− multiple veins

Current status:

Western wall of Wombola pit showing steep dipping mineralisation

Current status:− drilling in progress− mining study commenced− open pit cut back & pit extensions

Slide 21

Magic Deposit

Location:

– 3 km south of Daisy Milanoy

Significant thick intersections:

– 11.0m at 59.4 g/t Au

8 3m at 44 4 g/t Au– 8.3m at 44.4 g/t Au

– 4.2m at 42.6 g/t Au

– 10.0m at 19.1 g/t Au

– drilling ongoing

Current Resource:

– 1.8 million tonnes at 4.7 g/t Au

– 276,300 oz1

– significant resource potential

Mining study in progress:

This piece of core is part of the 1.5 metres at 243 g/t Au from the 11 metres at 59.4 g/t Au intersection

(blebby sulphide mineralisation)Mining study in progress:

– open pit operation followed by underground mine

– ore thickness to date supports bulk mining method

Slide 22

1: Refer to slide 33 - JORC Resource Inventory

Lakewood Gold Processing Facility

Located 45 km from Daisy Milanoand 5 km south east of Kalgoorlie:

– mains power– process water

Recoveries:Hard rock: >80% gravity total 97%– Hard rock: >80% gravity, total 97%

– Oxide: >65% gravity, total 92%Staged expansion:

– current: 400ktpa (hard rock)– 600ktpa from blended rock

1: December 2011: 700ktpa (hard rock)Low capital, strategically located processing facility

2: Sep 2012 Qtr: 1mtpa (blended rock)

Capital Costs:

Low capital, strategically located processing facility

1mtpa capacity in 2012: Total capital cost since acquisition A$25 Million1

Replacement value A$70 to A$80 million

– Stage 1: A$7.0 to A$8.0 million– Stage 2: A$4.0 to A$5.0 million

1: Acquisition cost: Refurbishment:

A$2.4MA$5.6M

Slide 23

600,000 tpa upgrade: 700,000 tpa upgrade:

1,000,000 tpa upgrade:

A$4.1MA$8.0MA$5.0M

Murchison - Overview

Located 600 km north of PerthLarge project area:− Tuckabianna, Comet & Moyagee

Historic production:– 500,000 oz (A$400 oz gold price environment)

Large high grade resource:– 15.5 million tonnes at 3.0 g/t gold for 1.5Moz1

– 65 km strike, under drilled >100 mSurrounded by multi million ounce gold deposits

– Big Bell (4Moz), Great Fingall (2Moz), Hill 50 (2Moz)– largest regional deposits were all underground mines

Target base case production plan:– 1.2mtpa at ~3.0 g/t Au– 14 open pit & 4 underground feed sources– ~100,000 oz per annum, 8 to 10 year mine life

Exploration ongoing:– 3Moz gold potential2

Slide 24


Murchison - Project Status

Mining - Open Pit & Underground:

− detailed mine designs & schedules500tph Crushing Circuit

g

− operating and capital cost estimates

− dewatering study

i fill & t i l d illi t d d d it

2.9 megawatt ball mill

− infill & extensional drilling at underground deposits

− mining reserve December 2011quarter

Milling:

CIL Circuit

− engineering design

− relocation, refurbishment & reconstruction costs

− mill location will be at TuckabiannaCritical Spares

− ample process water

− in-pit tailings disposal

Infrastructure:Infrastructure:

– camp location & offices planned in CueCompany owned milling infrastructure to be relocated to Murchison

Slide 25

Deeper Drilling - Highly Encouraging

Tuckabianna West:− 2.0m at 16.2 g/t Au from 94m− 3.0m at 18.3 g/t Au from 143m− 3.9m at 15.4 g/t Au from 170m− 9.0m at 5.7 g/t Au from 370m

Caustons:− 2.0m at 5.5 g/t Au from 134m− 3.0m at 9.5 g/t Au from 153m− 2.0m at 6.1 g/t Au from 156m

Comet:− 3.8m at 5.4 g/t Au from 200m

3 0 t 3 6 /t A f 245− 3.0m at 3.6 g/t Au from 245m− 2.5m at 3.6 g/t Au from 243m

Lena:2 0 t 81 0 /t A f 81

Schematic long section showing mine layout & extensional drilling programme

− 2.0m at 81.0 g/t Au from 81m− 5.0m at 57 g/t Au from 102m− 6.0m at 31.0 g/t Au from 355m

Slide 26

Time Line & Targeted Production Profile

150O i i l l ti

Drilling strike & depth extensions at underground deposits

Ongoing regional exploration

100

cse

per A

nnum

Decision to mineConstruct &Produce

Complete DFS

50,000

Oun

Jan 12 - Jun 13

0FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18

1. Pending exploration success2. CONCEPTUAL TARGETS ONLY - Refer to disclaimer on slide 2

FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18

Slide 27

3. Australian financial years, 1 July to 30 June4. Ounces recovered

Moyagee - Targeted Drilling Along Lena Shear

Lena Resource

Lena South

North

Lena shear: 35 km long on Moyagee tenementsLeviticus Prospect

High grade mineralised system2 mineralised zones within the Lena ShearCurrently exploring 5 km of mineralised strike south of LenaL h t d 30 k th d L k A ti ( lt l k )Lena shear extends 30 km north under Lake Austin (salt lake)

Aeromagnetic image - Lena

Numbers Prospect

Slide 28

Aeromagnetic image LenaRed area is the shear zone

Eelya Complex - History

Location:

− 4 km north of Tuckabianna

Regional Geology:

− felsic volcanic rocks

t ti l f VMS i li ti− potential for VMS mineralisation

Exploration:

− limited base metal exploration in the 1970’s

− no meaningful exploration since 1981

Historic drill holes:

− 53m at 0.6% Cu from 59m (including 17.9m at 1.39% Cu)( g )

− 20m at 0.7% Cu from 24m

− 9m at 1.5% Cu from 143m

10m at 1 1% Cu from 79m− 10m at 1.1% Cu from 79m

− 3m at 6.9% Cu from 39m (including 3.6 g/t Au)

Slide 29

Eelya Complex - Current Status

Silver Lake Exploration

− soil sampling p g

− geophysics

− extensive review of historical data

O tOutcomes

− located four large electromagnetic conductors at

Hollandaire, Colonel, Mount Eelya & Eelya South

− identified outcropping mineralised gossan at Mount Eelya

− project area is north of planned gold mill

Forward plan:p

− reviewing geophysical data

− generating drilling positions

commence diamond drilling Sep 2011 Qtr− commence diamond drilling Sep 2011 Qtr

− complements our gold exploration in the region

Slide 30

Why Silver Lake Resources?

Experienced and capable teamProduction increasing at Mount Monger:– multiple underground and open pit ore sources– expected mine life of ~10 years– staged expansion to 1mtpa in Sep Qtr 2012

E i d ti t i th M hiEmerging production centre in the Murchison:– own processing infrastructure– targeting ~1.2mtpa at 3.0 g/t Au

lti l it & d d f d– multiple open pit & underground feed sourcesStrong cashflow & profitable

– no debt and no hedgingSignificant exploration upside:Significant exploration upside:

– 3.0Moz Au resource base1

– June 2012 resource target of 5.0Moz Au2

– base metal potential2

“Gold Miner”

1,000 oz solid gold statue of a machine miner– base metal potential

Growth:– targeting production of ~ 300,000 oz pa by 2014

f O C

On display at the Perth Mint

Slide 31


Presentation Appendix

www.silverlakeresources.com.auABN: 38 108 779 782ASX: SLR

JORC Resource Inventory

Measured Resources Indicated Resources Inferred Resources Total Resources

Deposit Ore

t ‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s


Deposit Ore

t ‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s

Daisy Milano 38.0 24.7 30.1 457.1 23.1 339.5 227.0 31.3 228.4 722.0 25.8 598.0

Daisy East 28.2 48.1 43.5 53.6 44.9 77.4 27.9 15.7 14.1 109.7 38.3 135.1

Christmas Flat - - - 338.6 4.1 44.1 448.5 6.3 91.3 787.1 5.4 135.4

Haoma - - - - - - 109.3 18.7 65.6 109.3 18.7 65.6

Costello - - - 81.2 3.3 8.6 128.2 3.1 12.8 209.4 3.2 21.4

Caustons - - - 625.6 3.9 78.2 462.2 3.3 48.9 1,087.8 3.6 127.1

Caustons South - - - 424.8 2.0 27.6 296.5 4.2 39.6 721.3 2.9 67.2

Tuckabianna West - - - 1,658.0 2.2 117.3 1,822.0 2.9 169.9 3,480.0 2.6 287.2

Friars - - - - - - 402.0 1.9 24.6 402.0 1.9 24.6

Jasper Queen - - - - - - 175.0 2.6 14.6 175.0 2.6 14.6 Lorna Doone - - - - - - 111.0 4.0 14.3 111.0 4.0 14.3

Magic - - - 749.2 4.1 98.3 1,070.9 5.2 178.0 1,820.1 4.7 276.3

Wombola Pit - - - 132.2 2.6 11.1 171.0 2.9 15.7 303.0 2.8 26.8

Wombola Dam - - - 125.1 2.6 10.3 432.0 3.1 43.2 557.2 3.0 53.5

Total Mount Monger 66.1 34.7 73.7 1937.1 9.5 589.2 2,725.6 7.6 663.3 4,728.7 8.7 1,326.2

Jasper Queen

Gilt Edge - - - 63.0 3.0 6.0 33.0 5.2 5.5 96.0 3.8 11.6

Genesis - - - 353.7 1.8 20.2 11.8 2.4 0.9 365.5 1.8 21.2

Exodus - - - 457.4 1.6 23.7 101.3 2.8 9.0 558.7 1.8 32.6

Julies Reward - - - 461.3 3.2 46.7 254.7 3.4 27.8 716.0 3.2 74.6

349 0 2 2 24 9 349 0 2 2 24 9 Sherwood - - - - - - 349.0 2.2 24.9 349.0 2.2 24.9

Jaffas Folly - - - 6.0 4.3 0.8 202.0 1.4 9.1 208.0 1.5 9.9

Little John - - - - - - 1,201.0 1.8 69.5 1201.0 1.8 69.5

TMC/Katies - - - 476.0 2.1 32.1 626.0 2.4 47.9 1,102.0 2.3 80.0

Total Tuckabianna - - - 4,425.8 2.4 352.8 5,936.4 2.6 492.2 10,462.2 2.5 845.0


Deposit Ore

t ‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s

Rothsay - - - - - - 591.2 7.0 132.9 591.2 7.0 132.9


Comet 36.0 0.6 0.7 2,776.2 3.7 325.5 1,150.3 2.5 91.5 3,962.5 3.3 417.8

Moyagee - - - - - - 1,088.4 7.0 245.8 1,088.4 7.0 245.8

Total Murchison 36.0 0.6 0.7 7,302.0 2.9 678.3 8,175.2 3.2 829.6 15,513.2 3.0 1,508.6


Deposit Ore

t ‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s

Ore t

‘000s

Grade g/t Au

Total Oz Au ‘000s

Total Silver Lake 102.1 22.7 74.4 9,239.1 4.3 1,267.5 11,491.9 4.4 1,625.7 20,833.1 4.4 2,967.6

Slide 33As at 31 December 2010

Documents

AMEC Convention 2011 - Silver Lake Resources