Solomon Gold was listed on the London Stock Exchange (AIM code : SOLG) on 10 February 2006.
Solomon Gold is headed up by experienced and committed mining industry professionals with demonstratable track records of mineral discovery and providing valuable shareholder return. The Board of Directors include accomplished professionals with experience in exploration, mine development, investment, finance and law. The Board and Management have significant vested interests in the Company, holding approximately 17.5% of its issued share capital. The Company currently has 284,623,489 shares in issue.
Solomon Gold has Exploration tenements in Queensland, Australia and the Solomon Islands.
SolGold and Newmont seek potential buyers for Guadalcanal Joint Venture
A subsidiary of Newmont, which own 74 per cent of the project, is managing the marketing exercise, while SolGold will be “is being kept up to date on developments”.
“Offers will be reviewed and decisions as to next steps will be taken at that time,” the junior explorer said.
The joint-venture comprises of five gold prospecting licences on the island of Guadalcanal. A total of US$19 million has been spent on it since 2009. SolGold retains a 26 per cent stake.
Chief executive Malcolm Norris said: "Our position with respect to our interest in the Guadalcanal Joint Venture is such that we can consider options as they are presented to us.
“The board believes that the Solomon Islands is an area that has the potential to host large mineral deposits and continues to look at opportunities in the region that would complement the SolGold portfolio.
“We will continue to update the market on developments with the Guadalcanal Joint Venture marketing process."