854796b2-1a73-4adb-b5f4-6c863ca84814.pdf
ASX Release Friday 15 July 2016
Managing Directors Interview
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Outline of the business, including continued focus on cash flow potential at the Kalgoorlie projects
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ASX Code: SAU
Issued: 36.53M
Directors
Greg Boulton AM (Chairman) Simon Mitchell (MD) Michael Billing
David Turvey
Head Office Southern Gold Ltd Level 1, 8 Beulah Rd
Norwood SA 5067
Telephone: (08) 8368 8888
Facsimile: (08) 8363 0697 [email protected]com.au www.southerngold.com.auABN: 30 107 424 519
Postal Address Southern Gold Ltd PO Box 255
Kent Town SA 5071
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Detail on acquisition of high grade gold projects in South Korea and the potential for production and new discovery
Boardroom Media Interview
Southern Gold Ltd ("Southern Gold", ASX: SAU) Managing Director, Mr Simon Mitchell, has completed an interview with Boardroom Media.
Mr Mitchell covers a number of topics across the Southern Gold business, including more detail around the recent acquisition of the South Korean gold projects. The interview can be accessed from 8am EAST Friday 15 July at the following web address:
http://boardroom.media/broadcast/?refid=&eid=57859249df558c556c8decbc
Southern Gold Limited: Company Profile
Southern Gold Ltd is a successful gold explorer and producer listed on the Australian Securities Exchange (under ASX ticker "SAU"). The Company's main focus is its Bulong Gold Project located 30 km east of the world renowned gold district of Kalgoorlie (WA) with the flagship Cannon Gold Mine projected to produce around 50koz gold.
Mining at Cannon has commenced with Metals X Ltd financing and developing the deposit under a 50/50 profit share arrangement. Metals X is responsible for all mining, haulage and processing activities (ASX announcement 11/11/2014) with this mandate recently expanded to incorporate the commercial terms of a larger open pit development (ASX announcement 3/11/2015).
By monetising the Cannon Gold resource, the company will look to accelerate project development opportunities within its broader tenement holdings to ensure continuity of cash flow into the medium term.
Forward-looking statements
Some statements in this release regarding estimates or future events are forward looking statements. These may include, without limitation:
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Estimates of future cash flows, the sensitivity of cash flows to metal prices and foreign exchange rate movements;
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Estimates of future metal production; and
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Estimates of the resource base and statements regarding future exploration results.
Such forward looking statements are based on a number of estimates and assumptions made by the Company and its consultants in light of experience, current conditions and expectations of future developments which the Company believes are appropriate in the current circumstances. Such statements are expressed in good faith and believed to have a reasonable basis. However the estimates are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from estimated results.
All reasonable efforts have been made to provide accurate information, but the Company does not undertake any obligation to release publicly any revisions to any "forward-looking statement" to reflect events or circumstances after the date of this presentation, except as may be required under applicable laws. Recipients should make their own enquiries in relation to any investment decisions from a licensed investment advisor.
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