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Tuesday, June 03, 2014
Year 2014

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(Prospecting Licence)
(S.20, Mines and Minerals Act 1990)
Prospecting License Application for Marau Nickeliferous Laterites
Guadalcanal Island, Solomon Islands

Three Year (2014-2017)
Exploration Work Programme

Solomon Mining Limited (March 2014)
(FID #:002173)

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Table of Contents
1. Mineral Right Form(Form1).........................................................................4-6
2. Foreign Investment Board Approval........................................................7-10
3. Applicant........................................................................................................11
4. Experienced Management......................................................................11-14
5. Access Agreements.....................................................................................15
6. Environmental Management........................................................................16
7. Geological Potential of the Prospect Area............................................17-27
8. Proposed Programme by Solomon Mining................................................28
9. Proposed Budget (Minimum).....................................................................29
10. Description of The Prospect Tenement Area........................................30-31
11. Solomon Mining Business Plan.............................................................32-34

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1. The Mineral Right Form


Application for a Mineral Right
(Regulation 3, Mining Regulations 1996)
(Delete as necessary)

1. Name/s of applicant Residence Signature/s Share/s Authorised
or Registered and Seal (If a Issued Capital
Office company)

Solomon Mining Ltd. P.O Box 2398 1000

2. Name of accredited agent, if any Mrs. Vivianne Hulshoff
3. Address in Solomon Islands at which notices may be served P.O Box 2398
Honiara (MB:7689300 )

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4. Approximate area 116 square kilometre (sqkm
5. Mineral/s to be prospected/mined or number of prospecting
License/ Mining Lease in respect of which a Special Site Right or
Road Access License is required (delete if necessary) All Minerals
6. Province Guadalcanal Province
7. Island Guadalcanal Island
8. Security of Compliance: Bankers guarantee None
Cash Cheque
9. Purpose for which Special Site Right is required. Give full detail. (Applicable only
in the case of application for a Special Site Right)
Not applicable
10. Length of Term desired Three (3) Years
Fees paid herewith
Filling fee $ 2,000
Preparation fee $ 250
Compliance Deposit $
Reconnaissance Permit)
Prospecting Licence) fee for years $

First years rent for: M.L)
B.M.P) $

$ 2,250

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I attached, signed by me-

a) In the case of Reconnaissance Permit/ Prospecting Licence a plan
showing the approximate position of all roads, path, fences, dwellings,
crops or other improvements within the boundaries, or within one
hundred metres of the area applied for.

b) In the case of a Mining Lease/ Building Materials Permits/ Special Site
Right / Roads Access Licence, a plan showing the area of surface with
which it is desired to occupy and use for the purpose of mining.

Dated at this day of 20

Signature of Applicant or

Received at hr. on day of 20

G.T.R No:
Signature of Receiving Officer


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2. Foreign Investment Board Approval

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3. Applicant
Solomon Mining Limited is a 100% locally registered owned company based in
Solomon Islands and its original or Mother Company is based in Hong Kong.
Solomon Mining will provide the necessary funds for a three year exploration
programme including surface exploration. To assist with the exploration programme,
Solomon Mining will put in place a logistic base in Honiara, and will contract the
services necessary to determine available prospects for large scale nickel mining
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, nickel, cobalt and other minerals if available in this prospective area and
other potential prospects of all provinces in the Solomon Islands.

4. Experienced Management
The two company directors 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 means management of
Solomon Mining are experienced in mining, operating businesses and dealing with
people in developing countries and accordingly have the rare ability to engage locals
in an enduring and lasting manner.
From time to time qualified and experienced trainers will be brought in to train up
local personnel, and in all possible positions local personnel will be used.
1. Lee Chi Ming (Martin) a brief profile
Mobile (Hong Kong): (+852) 90999025
Mobile (Solomon Islands): (+617) 7654127

1999 - Present Worldlink International Limited


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Planned and directed all functions of the company - Enforced strong
leadership skills to ensure efficient/effective utilization of corporate

Established and integrated the functional strategies of the company
utilizing business expertise to reach financial/operational goals and

Deployed resources to achieve financial forecast and business

Developed sales and marketing plans and programs for company sales

Analyzed market trends and statistics to determine potential of growth
- monitored sales performance regularly.

2011 - Present Solomon Mining Limited


A subsidiary of Worldlink International Limited.

Resource and infrastructure management.

Projects and operations in Laos, Myanmar, and other South East Asia

2012 - Present OMEX Resources Limited (Solomon Islands)


Omex Resources Limited was purchased and taken over by Solomon
Mining Limited.

Is now managed and run by Solomon Mining Limited

Skills / Hobbies

Fluent in English, Cantonese, and Mandarin languages

Proficient in Microsoft Windows, and OSX operation systems.

Experienced and knowledgeable in Microsoft Office, and other Internet

Holds Hong Kong, Solomon Islands, and an International Drivers

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Enjoys doing volunteer work.

Long time donator and benefactor to many charities and non-profit

2. Robert Matthew Yuen a brief profile
Mobile (Hong Kong): (+852) 53203928
Mobile (Ghinalr (+86) 15012948839
Mobife (Solomon lslands): (+677, 7677997


2012 -2013 Solomon Mining Limited Hong Kong SAR
Deputy Director of Administration / Project Manager

Responsible for implementing and managing project changes and
interventions to achieve project outputs

Facilitated the definition of project scopes, goals and deliverables

Managed project budgets

Planned and scheduled project timelines ' Present reports defining
project progress, problems and solutions

2OO9 - 2012 Private tutoring

Teaching English (oraland written) to children and adults

Prepared students for SAT and Toeic exams

2OO4 - 2OO8 SRC Group LLC New Jersey
President I General Manager

Responsible for acquiring and maintaining contact with clients

Liaising closely with factories to ensure proper production of products

Coordinating shipment schedules with factories and clients

In-country representative responsible for quality control

2004 - 2005 Worldlink International (HK) Co., LTD. Hong Kong SAR

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Coordinated shipment schedules between factories and clients

Quality control of products

Corresponded between factories and clients

2004 - 2005 Shenzhen Yuesi fashion Co. Shenzhen, China

Coordinated shipment schedules between factories and clients

Corresponded between factories and clients

Quality control of products

2001 - 2005 Hillsborough Outdoor Sports Center New Jersey
Proprietor / General Manager

Communicated with wholesalers to schedule and ensure on-time
merchandise deliveries

Customer service lead with responsibility for training and quality control

.Actively negotiated pricing, contracts and payments with wholesalers
and distributors

Managed, trained, and motivated 12 employees

Planned and organized company events and promotions

2001 - 2002 KinderCare Belte Mead. NJ
Teachers Assistant

Prepared daily lesson plans

Planned and participated in parent-teacher conferences

Initiated new and novel outdoor activities for children

1998 - 2001 United States Marine Corps
Communications operator

Charged with installing and providing lines of secure communication

Expertise in satellite phone, radio, and ground to air communications


Shenzhen University (international Students Department) Shenzhen

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Certificate of completion in intermediate Chinese

Middlesex College Edison, NJ
Degree in Police Science & Psychology


Proficient in Microsoft Office, Windows, internet applications

Semi-fluent in spoken, reading, and writing of Chinese (Cantonese and

Working knowledge of Spanish and ltalian

United States, Hong Kong, and Solomon islands auto driver licenses

5. Access Agreements
Solomon Mining Ltd has the verbal and intellectual capability in negotiating and
maintaining land access agreements. The company intends to do prospecting and
mining business ventures and services in Honiara and Solomon Islands at large and
has a proven lasting record to establish and maintain relationships with the local
people and Solomon Islands Government. When access agreements are established
with the local customary landowners and the project communities, the company will
continue to value the mutual and cordially relationship initiated as the pivotal
phenomenon for land access to the prospecting area. Mr. Charles Meke with the
assistance of short-term employed landowners will be heading the landowner

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6. Environmental Management

Solomon Mining Limited is committed to responsible environmental management.
Solomon Mining will achieve that outcome by:-
Requiring all managers, supervisors, employees and contractors to
proactively manage their work areas using sound environmental practices and
Applying the principles of hazard identification, risk assessment and risk
Regularly reviewing and setting environmental objectives and targets with the
aim of continually improving its environmental performance, including
prevention of pollution;
Maintaining a thorough level of environmental awareness throughout its
obligation by visible managerial leadership and by training and good two way
Consulting with its neighbours, local community groups, landowners and all
levels of government;
Managing its operations and activities to comply with applicable
environmental laws, regulations, licences, and other commitments to which
the company subscribes; and
Openly reporting on its environmental performance.
In the unlikely event of environmental incidents Solomon Mining undertakes to
promptly cease any operation or work causing the incident and mitigate impacts by
using best practice rehabilitation procedures.

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7. Geological Potential of the Prospect Area
7.1 Geological Setting

a) Regional Geological Setting

The Solomon Islands and New Guinea are part of a continental island arc system
formed by the collision of the north moving Australia-India 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 Islands is presented in Figure 7.1.1.

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Figure 7.1.1. Tectonic setting of the Solomon Islands with Makira Island
Initial work to place the Solomon Islands 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 Islands block into 4 geological provinces
known as (a) Central Geological Province; (b) Volcanic Geological Province; (c)
Pacific Geological Province and (d) Atoll Geological Province.
Marau Sound
Nickel Prospect

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Figure 7.2.1 Geological Province Model of P. Coleman (1960)
7.2.1 Fractured Arc Concept
Brian D. Hackman (1980) used the concept of a fractured arc involving rifting and
block- faulting to explain the double en echelon chain nature of the islands in which
Choiseul, Santa Isabel and Malaita occur on the northern chain while Bougainville,
the New Georgia Group, Guadalcanal and San Christobal occur in the southern
Attempts to incorporate the fractured arc model into a geo-tectonic framework were
taken up by others (Harris of Gualer Resources Limited, 1998) in the late 1990s.
Their work mentions three major tectonic events involving subduction related events
between the Australian and Pacific tectonic plates.
According to this concept, the Solomon Islands is composed of two sub- parallel
northwest-southeast trending volcanic island arcs situated on the Solomon Plate that
form part of the circum-Pacific volcanic arc. The Solomon Plate lies between the
subducting Pacific and Australia-India Plates. Both the Pacific and Australian plates
subduct beneath the Solomon Plate. The subduction trench stretches from Vanuatu

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right through to eastern most Bougainville Island through to the Lihir Groups of
Islands 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 crust extruded
as alkali olivine basaltic lavas during the failure of a geanticlinal welt formed by
converging and subducting Pacific and Australian Plates.
A thick sequence of basic volcanics, limestone beds and dolerite sills 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 Choiseul.
Third Tectonic Event
The third tectonic event is described as dominated by block faulting, as a
consequence of extensional faulting due to rifting. This tectonic extensional event
occurred during the late Oligocene to lower Miocene.

First Volcanism associated with the Third Tectonic Event

The resultant uplift from block-faulting led to the erosion of the metabasic rocks and
triggered the extrusion of basaltic to andesitic calc-alkaline volcanism. The Suta
Volcanics of Central Guadalcanal and the Umasani Volcanics of West Guadalcanal
were extruded as part of this third tectonic event.

This period of volcanism produced the pile of basalts, basaltic andesites and
associated pyroclastics and interbeds of limestone beds.

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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 Bougainville, Vanuatu and Fiji during the same period.

Sulphide mineralisation was associated with this period of basaltic-andesitic
volcanism and emplacement of plutonic dioritic intrusions 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 occurred during the Miocene. This is represented by deposition of
carbonate platforms in extensive fringing reefs, forming the Mboneghe Limestone.
Overlying unconformably with the Mboneghe limestone are a sequences of tuffs,
siltstones, agglomerates and tuffaceous arenites.

Second Volcanism during the Third Tectonic Event
In the late Miocene, another volcanic event produced the Galled lavas, basalts,
hornblende andesites and related tuff breccias deposited on West Guadalcanal.
These lavas have been K-Ar dated at 6.39 Ma (Hackman, 1980).

High level micro-diorite to hornblende porphyry intrusions were emplaced during the
Oligocene to Pleistocene. Rocks of similar composition also occur in the New
Georgia Group. On West Guadalcanal, the Oligocene intrusions are overlain by the
Lungga Beds.

The topmost Recent calcareous volcanic arenites and terrace forming reefs form the
Honiara Beds of stratigraphic sequence on West Guadalcanal.

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7.3 Geological Terrain Model
Recent work by the Geology Department in the Ministry of Mines in Solomon Islands
in collaboration with the British Overseas Geological Institute and various overseas
university researchers have further shed light on the regional tectonics geology of
the Solomon Islands Group. Their work has further improved and somewhat refined
the original Geological Province Model concept of Coleman into what they now
refer to as Geological Terrains Model (Figure 3.1.3-1).
The Geological Terrain Model concept was based on;
(a) Lithological, geochemical, isotopic and geochronology differences or
similarities of the basaltic basement complex comprising the major islands
(b) The development (or lack of) of subsequent arc subduction.
Based on the above parameters, the refined model proposes to group the large
islands of Choiseul, Guadalcanal, Santa Isabel, San Christobal, Malaita and the New
Georgia Group into differing Geological Terrains (figure 3.1.3-1)
In the Geological Terrain Model Choiseul and Guadalcanal basaltic basement
complexes show similarities with mid-ocean ridge basalts 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 Kaipito Thrust fault) and Ulawa show affinities of
an oceanic plume type terrain related to the Ontong Java Plateau (OTJP). They are
considered to have formed and part of the OJP Terrain.
Makira (or San Christobal) show a hybrid terrain showing mixed features of a MORB-
type and a Plume-type terrain. They are referred to as a Mixed Terrain.
Arc related subduction episodes resulting from the coupling of the northwesterly
moving Pacific Tectonic Plate with the northeasterly moving Australian Continental
Tectonic Plate gave rise to alkaline and 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.

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These episodes of arc related subduction were not evident in the Plume-type terrain
of the OJPT basement hence Malaita, north Santa Isabel and Ulawa basaltic
basements were unaffected by this arc related magmatism.
Two episodes of arc related plate subductions 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-alkaline volcanism
associated with the Suta and Gold Ridge Volcanics and their associated plutonic
equivalents of the Koloula, Poha and Lungga Diorites on Guadalcanal and its
Miocene age equivalent Mole formation on Choiseul as well as the volcanic
basement of the Shortland Islands group, the Florida 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)
The above phenomena initiated a reversal in the direction of subduction. Subduction
was now northwards directed and occurs to the south of the Solomon Block (Figure
Volcanism associated with this second subduction tectonic phase gave rise to the
alkaline and calc-alkaline volcanism found within the New Georgia Group, Russell
Island Group, Savo and West Guadalcanal.

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Figure 7.3.1 Geological Terrain Model, Mines Department & Others, 1998
The two periods of volcanism ascribed to the third phase of volcanism described in
the fractured arc concept probably refers to the two periods of arc development
associated with subduction along the Vitiaz Trench to the north of the Solomon Block
(early subduction) and subduction along the New Britain-San Cristobal Trench (later
subduction) associated with arc reversal as a consequence of the jamming of the
Vitiaz Trench by the northwest moving thickened Ontong Java Plate as described in
the Geological Terrain Model.
7.4 Local Geology
The rugged southern part of the mainland is founded on a pile of Pre-Miocene
augite-labradorite basalts, the Mbirao Volcanics, which probably exceeds 2,000m in
thickness and dips do not conform to this pattern owning to the intensive faulting.
Pillow lava is commonly developed, with a good deal of interstitial jasper and
recrystalized pelagic biomicrite. Minor dolerite sills intrude the lava pile, particularly in
the Kolovaghamela Valley. The mountains rise to over 800m near the southern
boundary of the sheet.
In an east-west belt to the north of the Mbirao Volcanics, and in subsidiary zone in
the upper part of the Mandonu Valley, the basic rocks have been affected by a low-

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grade regional metamorphism, well-foliated rocks are developed, such as chlorite-
actinolate Cretaceous age, outcrops on the northern side of the Mbirao Metabasics,
and has also been subjected to low-grade metamporphism.

Geological map Marau
The Tetekanji Limestones form to east-west belts of sheared recrystallised
multicoloured limestone, nowhere exceeding 150m in thickness. The limestone belts
can be mapped within both the Mbirao Volcanics and the Metabasics: faulting has
often occurred preferentially along the line of their outcrop.
The Marau Ultrabasics trend E.S.E. from the Mburumburu River through to Beagle
Island. The predominant rock type is a serpentinized harburgite, with subsidiary
dykes of pyroxenitic type. The ultrabasics are believed to have been emplaced
during the Oligocene and thrust higher into the crust in the late Miocene. Small
pockets of metagabbro appear to be slices of hornblende-albite-amphibolite which
were upthrust with the metabasics. The boundary thrust palnes dip steeply north-
west, parallel to the schistosity in the serpentinite and the adjacent metavolcanics.
Recent alluvium fills the lowest sections of the Kolovaghamela and Mandonu
Valleys, and coral fringes part of the northern coast and the islands of Marau Sound.
The pattern of the Marau archipelago is due to Recent subsidence, the majors
channels between the islands representing former drowned river valleys.

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7.5 Local geological structures
The faults in the basement rocks trend N.E., W.N.W. and N.N.W. There is evidence
for sinistral transcurrent movement along W.N.W. trending faults, also for dextral
displacement of the ultrabasic outcrop along N.N.W. trending faults.
Pliocene conglomerates and calcareous arenites overly the Guadalcanal Gabbro on
the northern flank of the Marau Ultra-basics. These Longgu Beds are poorly
exposed, but are approximately 200m thick, dipping at 10-20 to the north.

Figure 7.5.1 Geological Provinces in the Solomon Islands
7.6 Mineralisation
Nickeliferous laterites have developed over the weathered serpentinized ultrabasics
rock outcrops of the Marau Sound. The laterites are covered in part by fern and light
scrub vegetation, and in part by a characteristic forest vegetation. Gently rounded hill
crests, distinctive drainage patterns and a fine grained texture of the forest areas are
clear indications of an ultrabasic country rock when viewed on aerial photos. The

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extent of the laterite areas which are not fern-covered may be estimated from the
aerial photos by considering the gradient of the mountain slopes. Experience has
shown that all the rounded ridges in ultrabasic country are capped with laterite and it
is generally true that the broader the ridge the deeper the laterite on it.
The Marau Sound ultrabasics outcrop as a ribbon up to a mile and eleven miles long.
Physiographically they are comprise a single ridge with some southerly spurs,
extending westwards from Savikau Village. A small laterite-covered ultrabasic
outcrop also occurs on beagle Island. The northerly-flowing Mandonu and the Kau
Kau rivers have cut valleys right through the east-west ultrabasic ridge. East of the
Mandonu river the forest laterite-covered ridge crest is not more than 60 yards wide.
The flanks are too steep for laterite development. Between the Mandonu River and
the Kau Kau River the single ridge divides causing lower relief and there are some
larger laterite patches with the laterite extending a short way down the ridge sides.
To the west of the Kau Kau River forest laterite has developed along the broader
parts of the ridge crest. On two of the southern spurs adjoining the main ridge is a
fern-covered laterite, which thins downhill to bare rocky hillside.

Figure 7.6.1Bauksit laterite areas of the eastern Guadalcanl Island

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8. Proposed Programme by Solomon Mining
The tenement is prospective for nickeliferous laterites which have been thought to be
developed over the weathered serpentinized ultrabasics rocks. Inland of Marau Bay
the laterites are covered in part by fern and light scrub vegetation, and in part by a
characteristic forest vegetation. The programme over Marau will involve detailed infill
mapping and sampling of all identified targets along with reconnaissance surveys
throughout remainder of the tenement.
Soil and rock chip sampling will be undertaken within the tenement along with pitting
and augering and trenching. Anomalous areas will be further sampled in more detail
along with areas of known mineralisation.
Once an area of nickel mineralisation has been satisfactorily located, extensive hand
auger sampling survey programmes are envisaged with the aim of better
understanding the underlying styles of nickel mineralisation zones such as for
occurrences of limonite and saprolite ores.
Geophysics surveys and hand feed drilling programme are expected to be
completed over this area following detail thorough mapping and sampling.

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9. Proposed Budget 3 years
Three year indicative budget Marau ($SBD)
Access Negotiations with community&
community projects
Compensation for damaged sacred
sites/ areas
Geologists/Management $2,000,000
Geophysics $1,000,000
Field Hands and Labour $1,200,000
Exploration and access roads $2,500,000
Assaying $1,200,000
Flights & Accommodation $1000,000
Helicopter support $1,000,000
Camp and field Management $500,000
Solomon Office Costs $1,000,000
Total $12,600,000

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10. Description of Marau Nickel Prospect Tenement Area
The PL area applied for here is to be known as Marau Prospect and is locate on the
island of Guadalcanal and Province of Guadalcanal. The description of this parcel of
land, in UTM Coordinates is as follows:
Marau PL Application, Eastern Guadalcanal Island, Guadalcanal Province
The approximately rectangular shaped UTM boundary co-ordinates of Marau
Prospect are as follows: UTM coordinates given are Mercator, Spheroid
International, and Zone 57 Southern Hemisphere.
The SW corner is the starting point (1) at UTM co-ordinate
Total area is 116 square kilometres
point x y
1 664,998.09 8,940,486.53
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
15 701,000.00 8,908,000.00
16 698,000.00 8,908,000.00
17 698,000.00 8,907,100.00
18 695,100.00 8,907,100.00
19 695,100.00 8,905,900.00
20 690,800.00 8,905,900.00
21 690,800.00 8,904,500.00

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22 682,730.00 8,904,500.00
23 682,730.00 8,903,400.00
24 680,600.00 8,903,400.00
25 680,600.00 8,902,000.00
26 674,300.00 8,902,000.00
27 674,300.00 8,902,800.00
28 670,250.00 8,902,800.00
29 670,250.00 8,903,800.00
30 668,000.00 8,903,800.00
31 668,000.00 8,905,000.00
32 665,000.00 8,905,000.00
33 665,000.00 8,906,500.00
34 662,000.00 8,906,500.00
35 662,000.00 8,910,000.00
36 682,000.00 8,910,000.00
37 681,947.65 8,919,215.07
38 676,999.98 8,919,000.04
39 676,957.66 8,926,866.35
40 665,000.00 8,927,000.00

The location of the prospect area is as shown in Figure 10.1;

Topografi Consecion

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11. Business Plan
Solomon Mining Limited
1.0 Introduction

Solomon Mining Ltd is a 100% locally owned company based in Solomon
Islands and its original or Mother Company is based in Hong Kong.
2.0 Shareholders

The shareholders are as follows:
Chi Ming Lee British 70%
Robert Matthew Yuen USA 30%

3.0 Business Activities

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, nickel and cobalt in all provinces in the Solomon Islands.

4.0 Management

The company is planning 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 also conduct capacity building as their focal goal
to rural advancement and development.
4.0 Capital Investment

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The company will invest as per the budget above in the mineral sector to get
the operation under way. This will be used to operate the current running of
the company and its prospecting activities.
The provision of this fund will be provided by the shareholders as their equity
share as well as income generated when operations begin.
5.0 Operational Plan

The operational plan of the company will be performed in respect to the laws
of Solomon Island and in accordance to the Surface Access Rights signed
with the landowners. The company will also assist landowners in their future
endeavours as stipulated in the Surface Access Agreements. The landowners
will sign the Surface Access and shall allow the company to do their
respective operations and activities in accordance to the agreements that
would be sign respectively.
6.0 Development Plan

The development plan is given on the table below which will be followed
thoroughly and making sure that all procedures are relevantly followed;
Item Department Ministry
1. Registration of
company with
Foreign Investment
Foreign Investment
Ministry of Commerce,
Industries, Labour &
2. Incorporation of
Company House Ministry of Commerce,
Industries, Labour &
3. Lodge of Mineral right
Mines Division/Minerals
Ministry of Mines, Energy
& Rural Electrification

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4. Letter of Intent Mines Division/Minerals
Ministry of Mines, Energy
& Rural Electrification
5. Prospecting Licence
and surface access
Mines Division/Minerals
Ministry of Mines, Energy
& Rural Electrification
6. Renewal of
prospecting licence
Mines Division/Minerals
Ministry of Mines, Energy
& Rural Electrification
7. Mining Lease Mines Division/Minerals
Ministry of Mines, Energy
& Rural Electrification
7.0 Marketing Process

Solomon Mining Ltd also has connections with nickel supplier/ buyer
company based in Hong Kong. The market outlet will be exported to Hong
Kong on current industry market price. The export plan will be done in
accordance to the mines and minerals act and customs levy from the ministry
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 landowners wish to achieve and it must be
stipulated under a legal agreement with the company.