Revisi-pt. Golden Solomon Guadalcanal

GOLDEN SOLOMON

Solomon Mining Limited

P.O.1598

Honiara, Solomon Island

To The Director of Mines

Ministry of mines and rural electrification

P.O.Box G37

Honiara

Wednesday, Mei 01, 2014

Dear Sir

Re: Minerals Ringht Application For Guadalcananl

Please find attached documents comprising the prospecting license application prepared

And submitted by PT. Golden Solomon limited with respect to Choisule bauksit .

Included is the prescribed mineral right application form 1 enclosed with support ing nformation

reguired under the mines and mineral act ( 1990 ). Any additional detail not contained herein can be

provided on request however we understand this application to be in accordance with the requirements

of the said act.

Should any further information be required, plase do not hesitate to contact us.

.

Setya Graha

DIRECTOR

PT.Golden Solomon

SOLOMON MINING LIMITED

PROSPECTING LICENCE

APPLICATION

APPLICATION FOR

PROSPECTING LICENCE OVER

GUADALCANAL BAUXITE

LATERITE, GUADALCANAL ISLAND GUADALCANAL PROSPECTING

GUADALCANAL PROVINCE LICENCE APPLICATION

SOLOMON ISLAND

APPLICATION FOR MINERAL RIGHT

( Prospecting Licence )

( S.20, Mines and Minerals Act 1990 )

Prospecting License Application for RenNel laterites

Guadalcanal Island, Solomon Island

Three year ( 2014 2017 )

Exploration Work Programme

PT. Golden Solomon( Mei 2014 )

(fid#002173)

Table of Contents

Page

1. Mineral Ringht Form ( Form 1 ) .4-6

2. Foreign Investment Bord Approval .7-10

3. Applicant .11

4. Experienced Management..11-14

5. Access Agreements15

6. Environmental Management 16

7. Geological Potential of the Prospect Area17-27

8. Proposed Program by Solomon mining .28

9. Proposed budget ( minimum )29

10. Deccription of the prospect tenemt area..30-31

11. PT. Golden Solomon business plan .....32-34

3. Applicant

PT. Golden Solomon is a 100% abroad registered owned company based in Indonesia. PT. Golden

Solomon will provide the necessary funds for a three year exploration program including surface

exploration. To assist with the exploration program, PT. Golden Solomon will put in place a logistic base

in Honiara. And will contract the services necessary to determine avalible prospect for large scale

bauxite mining developments.

The activities which the company wishes to conduct are in the area of mining and quarrying. The

company wishes to conduct explorations and mining of gold, silver, copper, bauksit, cobalt, and other

mineral it available in this prospective area and other potential prospects of all provinces in the Solomon

island.

4. Experlenced Management

The two company director outline below have a proven record and extensive experience in the fields of

business assessment and development, law, accounting, management, resource finance, and associated

skills. This mean management of PT. Golden Solomon limited are experienced in mining, operating

business and dealing with people in developing countries and accordingly have the are ability to engage

locals in and enduring and lasting manner.

Form time to time qualified and experienced trainers will be brought in to train up local personel, and in

all possible positions local personnnel will based.

1. Sugeng Gunawan a brief profile

Mobile ( Indonesia ) +62 ) 811896859

Mobile ( Solomon island )( +617 ) 7837524

Email : [email protected]

Professional

Experience

1999-present Bahtera Mitra Trada limited

Chairman

Planned and directed all function of the company enforced strong leadership skill to

ensure efficient ultilization of corporate reasources.

Established and integrited the fuction strategres of the company utilizing business

expertise to reach financial/operational goal and objectives.

Depvoyed resource to achieve financial forecast and business objectives.

Developed sales and marketing pland and program for company sales personel.

Analyzed market trends and statistics to determine potential of growth monitored sales

performen regularly.

2011-present PT. Golden Solomon

Chairman

Resource and infrastructure management,

Is now managed and run by PT. Golden Solomon

Skills/Hobbies

Fluent in english and mandarin languages

Proficient in Microsoft windows and osx opration systems.

Holds Indonesia and an international driver license.

Enjoys doing volunteer work

Long time donator and benefactor to many charities and non profit organization.

2. Setya Graha Rochmat a brief profile

Mobile ( Indonesia ) : (+62 ) 81381171667

Mobile ( Solomon island ) : ( +617 ) 7853556

Email : [email protected]

Experience

2012-2013 PT. Golden Solomon

Director / project manager

Responsible for implementing and managing project changes and intervation to achieve

project outputs

Facilitated the definition of project scopes, goal and deliverables

Managed project budgets

Planned and scheduled project timelines present report defining project progress,

problem and solutions

2009-2012 PT. Gasminco Jaring Utama

Chairman

Managed project budget

Responsible for profit-loss of companies acvtivity

In-country representative responsible for quality control

2004-2005 PT. Bintang Arwana limited

Chairman

Coordinated shipment schedules between factories and clients

Corresponded between factories and clients

Quality control products

2001-2005 Jalin Inti limited

Chairman

Communicated with wholesalers to schedule and ensure on time merchandise deliveries

Actively negotiated pricing contracts and payment with wholesalers and distributor


Planned nd organized company event and promotions

2001-2002 PT. Bahtera Mitra Sakti

Chairman


Planned and participated in profit-loss activity

Communication operator

Charged with installing and providing lines scerue communication

Degree in Geoligical engineering

Proficient in Microsoft office windows internet appliction

Fluent in spoken, reading, and writing, of chinese

Working knowledge of France

Indonesia auto driver licenses

5. Access Agreements

PT. Golden Solomon ltd has verbal and intelectual capability in negotiating and

maintaining land access agreements. The company intends to do prospecting and

mining business ventures and service in Honiara and Solomon island at large and has a

proven lasting record to establish and maintain relationship with the local people and

Solomon island government. When access agreements are stabilized with the local

customary landowners and the project communities, the company will continue to value

the mutual and cordially relationship initiated the pivotal phenomenon for land access

to the prospecting area. Mr. Tago make with the assistance of short term employed

landowners will be handling the landowner negotiations.

6. Environmental Management

PT. Golden Solomon is commited to responsible environmental management. PT. Mega

Bintang Borneo limited will achieve that outcome by :

Requiring all managers supervisors employees and contractor to proactive manage their

work areas using sound environmental practices and procedures.

Appliying the principles of hazard identification, risk assessment and risk control:

Regulerly reviewing and setting environtmental objectives and targets with the aim of

continually improving its environtmental performance including prevention of pollutions

Maintaining a thorough level of environmental awareness thoroughtout its obligation by

visible managerial leadership and training and by good two way communication.

Consulting with its neighbours local community grups landowners and all levels of

government

Managing its operation and activities to comply with applicable environmental laws,

regulation licences and other commitments to which the company subscribes and

Openly reporting on its environmental performance

In the unlikely event of environtmental incidents PT. Golden Solomon undertakes to

promptly cease any operation or work causing the incident and mitigate impacts by

using best practice rehabilitation procedures

7. Geological potential of the prospect area

7.1 Geological setting

a) Regional Geological setting

the Solomon island and new guinea are part of a continue mal island arc system formed

by the collision of the north moving Australia indie plate with the south west moving

Pacific Plate. Subduction of the Pacific Plate beneath the Australia India Plate resulted

in partial melting of the Pacific Plate and diapiric rise of magma domes into the Australia

India Plate. Initial subduction occurred in a south westerly direction and this process

may have been initiated as early as late Eocene time. A reversal of the subduction is

thought to have occurred near the end of the Miocene when north-east directed

subduction along the south west margin of the archipelago was initiated. The tectonic

setting of the Solomon Island is presented in Figure 7.1.1

Figure 7.1.1 The tectonic setting of the Solomon Island with Guadalcanal

Initial work to place the Solomon Island Group into a regional tectonics framework was

that by P. Coleman in the 1960s. Coleman came up with the concept of a Geological

Province Model (Figure 3-4).

7.2. Geological Province Model

Coleman initially divided the Solomon Island block into 4 geological provinces known as

(a) central Geological Province; (b). Volcanic Geological Province; (c). Pacific Geological

Province and; (d). Atoll Geological Province.

Figure 7.2.1 Geological regional guadalcanal

1. Fractured Arc Concept

Brian D. Hackman (1980) used the concept of fractured arc involving rifting and block-

faulting to explain the double en echelon chain nature of the island in wich Choiseul,

Santa Isabel and Malaita occur on the northern chain while Bouganville, the New

Georgia Group, Guadalcanal and San Christobal occur in the southern chain.

Atempts to incorporate the fractured arc model into a geo-tectonic framework were

taken up by other (Harris of Gualer Resourches Limited, 1998) in the late 1990s. Their

work mentions there major tectonic events involving subduction related events

between the Australian an Pacific tectonic plates.

According to this concept, the Solomon Island is composed of two sub-parallel

northwest-southeast trending volcanic island archs situated on the Solomon Plate that

form part of the circum-Paific volcanic arc. The Solomon Plate and Australian plateau

subduct beneath the Solomon Plate. The subduction trench stretches from Vanuatu

right through to eastern most Bouganville Island through to Lihir Group of Island in the

northeast of Papua New Guinea. The geological history and evolution of the Solomon

Islands is ascribed to these three major tectonic events.

First Tectonic Event

The first tectonic event saw the emplacement of submarine oceanic extruded as alkali

olivine basaltic lavas during the faulire of a gearticlinal welt formed by converging and

subducting Pacific and Australian Plates.

A thick sequence of basic volcanic, limestone beds and dolerite of the Mbirao Group

represents this emplaced oceanic crust.

Second Tectonic Event

A second phase of compressive tectonic event presumably metamorphosed the Mbirao

oceanic basic volcanic and carbonate sequences and produced a series of ultrabasic and

meta-gabbroic bodies in the Eocene to Oligocene times. This tectonic event is

represented by ultrabasic emplacements in central and eastern Guadalcanal, San

Cristobal, Santa Isabel and eastern Choiseaul.

Third Tectonic Event

The third tectonic event is described as domnated by block faulting, as a consequence of

extensional faulting due to rifting. This tectonic extensional event occurred during the

late Oligocene to lower Mocene.

First Volcanism associated wih the Third Tectonic Event

The resultant uplift block-faulting led to the the erosion of metabasic rock and triggered

the extrusion of basaltic to andesitic cala-alcalie volcanism. The Suta Volcanics of Central

Guadalcanal and the Umasami Volcanics of West Guadalcanal were extruded as part of

this third tectonic event.

This periode of volcanisme produced the pilo of bassalts, basaltic andesites and

associated pyroclastics and interbeds of limestone beds.

The extrusive volcanism was then followed by the intrusion of high level igneous plutons

of the Poha Diorite Complex in the Oligocene period. Similar volcanic and igneous

activity was noted in Bouganville, Vanuatu and Fiji during the same periode.

Suloihide mineralisatin ws associated with this period of basaltic-andesitic volcanism

and emplacement of plutonic dioritic intussions in the Oligocene to early Miocene

times.

The deposition of various volcanic derived sediments occurred as a result of uplift and

erosion of volcanic and plutonic igneous bodies.

A hiatus period

A hiatus accured during the Mocene. This is represented by depositin of carbonat

platforms in extensie fringing reefs, forming the Mboneghe Limestone. Overlying

unconformably with the Mboneghe Limestone are sequences of tuffs, siltstone,

agglomerates, and tuffaceous arenities.

Second Volcanism during the Third Tectonic Event

In the late Miocene, another volcanic event produced the Galled lavas, basalts,

hornblende andesites and related tuff breccia deposite on West Guadalcanal. These laas

have been K-Ar dated at 6.39 Ma (Hackman,1980).

High level micro diorite to hornblende porphyry intrusion were emplaced during the

Oligocene to Pleistocene. Rock of similar omposition also occur in the New Georgia

Group. On west Guadalcanal, the Oligocene intrusions are overlain by the Lungga Beds.

The topmost Racent calcareous volcanic arenites and terrace forming reefs form the

Honiara Beds of stratigraphic sequence on West Guadalcanal.

7.3. Geological Terrain Model

Recent work by the Geology Department in the Ministry Mines in Soloman Islands in

collaboration with the British overseas Geological Institute and various overseas

University reserchers have further shed light on regional tectonic geology of the

Solomon Island group. Their work has further improved and somewhat refined the

original Geological Province Model Concept of Colemen into what they now refer to

as Geological Terrain Model (Figure 3.1.3.3).

The Geologcal Terrain Model concept was based on;

(a). Lithological, geochemical, isotopic and geochronology differences or simmilarties of

the basaltic basement complex comprising the majr islands.

(b). The development (or lack of) of subsequent arc subduction.

Based on above parameter, the refined model proposes to group the large islands of

Choeseoul, Guadalcanal, Santa Isabel, San Christobal, Malaita, and New Georgia Group

into differingGeological Terrains. (figure 3.1.3.1)

In the Geological Terrain Model Choeseul and Guadalcanal basaltic basement

complexes show simmilarties with mid-ocean ridges basalt or a MORB type terrain

occurring in an intra-oceanic environment. They are considered as forming within a

MORB Type Terrain.

Malaita, Santa Isabel (north of the Kalpito Thrust fault) and Ulwa show affinities of an

aceanic plme type terrain related to Ontong Java Plateau (OTJP). They are considered to

have formed and part of the OJP Terrain.

Makira (or Santa Christoble) show a hybrid terrain showing mixed features of a MORB-

type and a Plume-Type terrain. They are reffered to as a Mixed Terrain.

Arc related subduction episode resulting from the coupling of north westerly moving

Paciific Tectonic Plate with the northesterly moving Australian Continental Tectoniic late

gave rise to alkaline nd calc-alkaline volcanism within the Solomon Block. The volcanism

with its associated plutonic intrusions accreted to the basaltic basements of the MORB-

type terrain in the Eocene to the present.

These episode of arc related subduction were not evident in the Plume-type terrain of

the OJPT basement hence Malaita, north Santa Isabel and Ulawa basaltic basement

were unaffected by this arc related magmatism.

Two episodes of related plate subduction occurred in the Eocene to the present within

the Solomon Block. The Eocene to early Miocene related subduction occurs to the north

of the Solomon Block along the Vitiaz trench system (figure 3.1.3-1).

This earlier plate subduction phase gave rise to alkaline and calc-alcaline volcanism

associated with the Suta and Gold Ridge Volcanics and their associated plutonic

equivalents of the Kuloula, Poha and Lungga Diorites on Guadalcanal and its Micene age

equivated Mole formation on Choeseul as well as the volcanic basement of the

Shortland island group, the Frorida Group and south Santa Isabel.

Choking and cessation of the Vitiaz trench system with its associated volcanism occurred

as a result of the Ontong Java Plateau coupling and abutting onto the Solomon Block in

the Miocene (figure 3.1-3-1).

Volcanic associaned with this second subdactiob tectonic phase gave rise to the alkaline

and calc-alkaline volcanism found within the new Georgia grup, rusell island grup, savo

and west guandalcanal.

Figur 7.3.1 geological terrain model, mines department & other 1998

The two periode of volcanism ascribed to the third phase of volcanism described in the

factured arc concept probabely refers to the two periods of arc develotment associated

with subduction along the vitiaz trench to the north of the Solomon block and

subdaction along the new Britain-san cristobal trench associated with arc reversal as a

consequence of the jamming of the vitiaz trench by the northwest moving thickened

ontong jav plate as described in the geological terrain model.

7.4 Local Geology

Rennel basement geology is mainly comprised a sequence mostly of pillowed and

unpillowed ( original tectonic ) lava, intruded by pods and lanses of cognate gabbro and

diorite.

The Rendbel granudiorit occur as scaltered out-crops in foultes block in the nort-east of

the island. They are serpentinised sometime containing asbestos fibre. The age of the

Rennel granudiorit unknow but presumed to be give a tentative upper Oligocene age.

7.5 Local geological structures

Rennel is a lava block which has been uplifted and then titled to the north the cross

section profile is asymmetric to the north it merges by minor step-faulting and plinges

into deep water over a short distance. The faulthing on the island is intensive and has

produced a mass of fault block which have been uplifted to varying degrees. This is

probably part of the explanation for the sudden changes in the lithologiest of sediments

over short distance. There is not folding.

Figur 7.5.1 geological provinces in the Solomon island

7.6 Mineralisation

Bauxite laterites have developed over the weather granudiorit, rock inland of rennel and

of rennel bay. The laterite are covered in part by fern and light vegetation and in part by

a characteristic forest vegetation gently rounded hill clear indication of an granudiorit of

an country rock when viewed on aerial phohos are clear indication of an granudiorit

country rock when viewed on aerial photos. The extent of the laterite of the granudiorit

areas which are not fern covered may be estimated from the aerial photos by

considering the gradient of the mountain slopes. Experiences has show that all the

rounded ridges in granudiorit country are capped with laterite on it.

The largest outcrop area of the granudiorit on Rennel island. The outcrop, a mile long by

half a mile wide, consists of parallel adjacent faulted slices of gabbroic and granudiorit

rock and it is presumed that this structure continues beneath the laterite cover. Locally

a bluish shear breccia similar to the blue clay deposit on rennel island may be a

redeposit shear paste .A strip of laterite about 50 feet wide and 500 feet long caps an

granudiorit ridge one mile inland from Paa. The remote bweinaia warkiapu granudiorit

area is about three quarters of a mile square and is covered by jungle laterite strips

developed on the ridge crest to an unknown depth. A forested granudiorit area inland

from rennel is also worth investigation for laterite occurences.

F

igure 7.6.1 Bauxite laterite area of Guadalcanal

B. Proposed Programme by PT. Golden Solomon

The tenement is prospecting for bauxite laterite which have been throught to be developed over the

weathered granudiorit rock . Inland of Rennel island the laterites are covered in part by tern and light

scrub vegetation, and in part by a characteristic forest vegetation. The programme over Rennel will

involve detailed infill mapping and sampling of all identified targets along with reconnaissance surveys

throughout remainder of the tenement.

Once an area of bauxite mineralization has satisfctority located, extensive hand auger sampling survey

programmes are envisaged the aim of better understanding the underlying styles of bauxite

mineralization of ores.

Geophysic surveys and hand feed drilling programme are expected to be completed over this area

following detail through mapping and sampling.

9. Proposed Budget 3 Years

TABEL PROPOSAL BUDGET

THREE YEAR INDICATIVE BUDGET RENNEL $ SBD

Access Negotiationswith community & community projects $ 2,200,000

Compensation for damaged sacred sites / areas $ 300,000

Geologists / management $ 3,000,000

Geophysics $ 1,000,000

Field hands and Labour $ 1,500,000

Exploration & acess road $ 4,000,000

Assaying $ 1,500,000

Flight & accommodation $ 2,000,000

Helicopter support $ 1,000,000

Camp & Field Management $ 1,000,000

Solomon office cost $ 1,000,000

TOTAL $ 18,500,000

10. Description of RENNEL Baouksit Prospect Tenement Area Rennel BAUXITE PROSPECTING LICENCE

APPLICATION (RENNEL/RENDBEL PROVINCE)

AREA DESCRIPTION

The PL area apllied for here is to be known as Rennel Prospect and is locate on island of Rennel and

Province of Rendbel. The description of this parcel of land, in UTM coordinates is as follows.

Rennel PL Aplication, Southeast Rennel Island, Rendbel Province

The approximately rectangular shaped UTM boundary coordinates of Rennel Prospect are as follows.

UTM coordinate given are Mercator/Spheroid International, and Zona 57 Southern Hemisphere.

point x y

1 665,096.56 8,940,480.16

2 676,905.82 8,940,480.16

3 676,866.84 8,939,505.80

4 679,283.25 8,939,505.80

5 679,283.25 8,937,167.34

6 680,920.18 8,937,206.31

7 680,900.69 8,935,666.82

8 682,381.72 8,935,647.34

9 682,381.72 8,927,618.60

10 688,402.11 8,927,662.83

11 688,402.04 8,926,801.84

12 690,168.90 8,926,801.83

13 690,159.89 8,925,465.56

14 701,224.76 8,925,435.49

15 701,126.18 8,904,266.15

16 681,866.39 8,904,266.15

17 681,947.65 8,919,215.07

18 676,999.98 8,919,000.04

19 676,922.18 8,927,662.85

20 665,096.56 8,927,696.55

Cordinat Guadalcanal

Map topografi Guadalcanal

11. BUSINESS PLAN

1/. INTRODUCTION

PT. Golden Solomon is a Abroad owned company based in Solomon Island and its original mother

company is based in Indonesia.

2/. Shareholders

Sugeng Gunawan (70 %) as Indonesia citizenship

Setya Graha Rochmat (30 %) as Indonesia citizenship

3/. Bussiness activites

The activities which the company wishes to conduct are in the area of mining and quarrying. The

company wishes to conduct exploration and mining of gold, silver, copper, nickel and cobalt in all

provinces in the Solomon Islands.

4/. Management

The company is to employ locals in so far as possible and foreign nationals only as required with

capability and respective qualifications on which locals that have broad background and experiences are

eligible to be employed. The company will lso conduct capacity building as their local goal to rural

advancement and development.

5/. Capital Investment

The company will invest as per budget above in the mineral sector to get the operation under way. This

will be used to operate the current running on the company and prospecting activities.

6/. Operating Plan

The opearating plan of the company will be performed in respect to the laws of Solomon Island and in

accordiance to the Surface Access Rights signed with the landowners. The company will also assist

landsowners. The landowners will sign the Surface Access and shall allow the company to do their

respective operation and activies in accordance to the agreements that would be sign respectively.

7/. Development Plan

The development plan is given on the table bellow which will be to followed througly and making sure

that all procedures are relevantly followed ;

item Department Ministry

1. Regristration company with Foregn Invesment Board

Foreign Investment Board

Ministry of Commerce, Industries, Labour & Immigration

2. Incorporation of Company

Company House Ministry of Commerce, Industries, Labour & Immigration

3. Lodge of Mineral right application

Mines Division/Minerals Board

Ministry of Mines, Energy & Rural Electrificattion

4. Letter of Intent Mines Division/Mineral Board


5. Prospecting Licence and surface access

Mines Division/Mineral Board


6. Renewel of prospecting licence

Mines Division/Mineral Board


7. Mining Lease Mines Division/Mineral Board


7.0 Marketing process

PT. Golden Solomon also has connection with bauxite supply buyer company based in China. The market

outlet will be export to China on current industry market price. The export plan will be done in

accordance to the mines and mineral act and custom levy from mineral of finance.

8.0 Conclusion

The company agrees to allocate shares to landowners if they do legally incorporate themselves. This

would be achieved and could be negotiated in the mining lease period, the company will monitor the

land owners for this important under taking from time to time.

They will adhere to what the landowner wish to achieve and it must be stipulated under a legal

agreement with the company.

Revisi-pt. Golden Solomon Guadalcanal

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