Company Information for Silver Lake Resources Ltd
Company stock charts - 6 Month chart
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 FacilitySilver 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
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| Les Davis | Managing Director
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| Chris Banasik | Director Exploration & Geology
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| Peter Johnston | Non-Executive Director
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| Brian Kennedy | Non-Executive Director & Founding Director
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| David Griffiths | Non-Executive Director
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| David Crockford | Resident Manager Mount Monger Operations
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| Graham Crew | Project Manager - Murchison Study
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| Peter Armstrong | Chief Financial Officer |
Company Address
31 Malcolm Street, West Perth, Western Australia, Australia WA 6005
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| 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>/> |
CapitalIssued 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) |
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%
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| Perilya Ltd - 9.78%
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| Top 10* - 36.03%
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| * 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 In21/04/08 -
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 Presentation14/04/09 -
March 09 Quarterly Report01/04/09 -
Paydirt Conference Presentation 11/03/09 -
Letter to Shareholders and Half Yearly Accounts