Company Information for Silver Lake Resources Ltd

Company stock charts - 6 Month chart

ASX; SLR View full financial data

Company Statement

Silver Lake is building a significant resource base with a view to becoming a high margin gold producer.

To achieve this goal the Company has acquired assets with the following attributes:

• dominant position in two highly prospective regions;
• sound economic indicators (relatively low entry cost, good widths/grades, close to existing infrastructure, potentially low discovery costs);
• near term production potential;
• existing JORC resources with significant potential to extend those resources; and
• lack of previous systematic exploration (particularly at depth) with potential to discover new deposits.

Silver Lake is targeting to grow its resource base to five million ounces from its $15 million exploration programme. Furthermore, it is aiming to be producing at 150,000 oz per annum within three years and at 300,000 oz per annum within five years from its portfolio of assets.

With an experienced management team and proven track record, Silver Lake is well positioned to becoming one of Australia's high margin gold producers.

Current Operations

Mount Monger Goldfield (>1 oz per tonne resource)
Daisy Milano Mine and Exploration Projects

• 100% owned.
• Mine production >40,000 oz per annum
• 300,000 tpa Lakewood Gold Processing Facility located 45km from Daisy Milano.
• Ownership of 40 square kilometres containing the most highly prospective under explored tenements regional to Kalgoorlie.
• Emerging open pit production pipeline.
• Resource - 1,198.000 tonnes at 9.7 g/t AU for 375,000 oz.
• Due diligence report published in 2003 by a large mining house indicates exploration potential between 2.5 to 4.5 million ounces.
• Exploration is continuing to unlock potential of the tenement holding.

Murchison Goldfield
Tuckabianna, Comet, and Moyagee Projects

• 100% owned.
• Targeting a second multi mine production centre.
• Pre-feasability study completed.
• Finalising milling strategy for the region.
• Resource - 7,821,800 tonnes at 3.8 g/t AU for 965,400 oz
• Exploration in progress.
• Large landholding underexplored at depths greater that 100 metres below the surface.
• Goldfield hosts several deposits >1 million oz.

Lakewood Gold Processing Facility
Silver Lake acquired the Lakewood gold processing facility located 5 km south east of Kalgoorlie and 45 km from the Daisy Milano mine in December 2007. Modifications to the existing circuit to optimize processing of the high grade ore from Daisy Milano were completed in April 2008 including a major refurbishment programme.

Geographical Spread

Western Australia

Board of Directors and Key Management

Paul Chapman	Non-Executive Chairman & Founding Director
Les Davis	Managing Director
Chris Banasik	Director Exploration & Geology
Peter Johnston	Non-Executive Director
Brian Kennedy	Non-Executive Director & Founding Director
David Griffiths	Non-Executive Director
David Crockford	Resident Manager Mount Monger Operations
Graham Crew	Project Manager - Murchison Study
Peter Armstrong	Chief Financial Officer

Company Address 31 Malcolm Street, West Perth, Western Australia, Australia WA 6005 Telephone: +61 8 6313 3800 Facsimile: +61 8 6313 3888 Email: scoxon[at]silverlakeresources.com.au Website: http://www.silverlakeresources.com.au

Additional Address/Key Contact Share Registry Security Transfer Registrars Pty Ltd 770 Canning Highway Applecross  WA  6153 Ph: +61 8 9315 2333 Fax: +61 8 9315 2233 Email:registrar@securitytransfer.com.au www.securitytransfer.com.au

Capital Issued Securities: 153.4 million shares Unlisted Securities: 27.1 million options Market Cap: A$51 million (March 2009) Cash: A$10.6 million (10 March 2009)

Year End June

Broker/Analyst Reports

16/10/08 - Research report by Intersuisse
25/05/08 - Research report by Holst
19/05/08 - Eagle Research (Keith Goode)
13/05/08 - A Good Start With a Quality, High Grade Gold Mine - Warwick Grigor

Major Shareholders

Directors - 16.25%

Eye Investment Fund Ltd - 9.87%

Perilya Ltd - 9.78%

Top 10* - 36.03%

* Excludes Directors

Related News

12/02/09 - Drill, Define, Mine: Silver Lake Resources Has Done Things By The Book, And Now The Profits Are Rolling In
21/04/08 - Silver Lake: A Reflection Of The Original WMC

Most Recent Statement

02/06/09 - Christmas Flats - June 2009
29/05/09 - Mount Monger Exploration May 2009
12/05/09 - ASX057 RIU Conference Presentation
14/04/09 - March 09 Quarterly Report
01/04/09 - Paydirt Conference Presentation
11/03/09 - Letter to Shareholders and Half Yearly Accounts