Company Information for Silver Lake Resources Ltd

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Company Statement

Silver Lake is building a significant resource base with a view to developing large production centres at Mount Monger and the Murchison with multiple mines at each centre.

This strategy is underpinned by an accelerated exploration programme that is targeting to grow the resource base to 5 million oz Au by the end of 2011.

With an experienced board, senior management team and proven track record, Silver Lake is well positioned to maintain its current high margin operations and to build the next Australian mid tier gold mining company.

Our Mission
Our mission is to generate value for our shareholders in building value creating opportunities. Our primary focus is on gold and pursuing leverage within our existing assets to enhance delivery of value. 

Current Operations

Silver Lake is a gold producer and explorer with a resource base of 1.5 million oz in highly prospective regions including the Mount Monger and the Murchison goldfields located in Western Australia.  Silver Lake's exploration programme is targeting 5 million oz Au in resource by the end of 2011.

Gold Producer with Significant Exploration Upside

• Current production ~60,000oz Au per annum from Mount Monger
• High grade open pit potential in the Murchison
• Total resource base of 9,867,100 tonnes at 4.7 g/t Au for 1,488,400 oz
• Accelerated two year exploration programme
• Large land holding that is highly prospective and under explored

Mount Monger Goldfield

• 100% owned
• Identified gold potential of 2.0 million and 4.5 million oz
• New discoveries of Daisy East & Emma in July 2009
• Resource: 1,454,100 tonnes @ 8.3 g/t Au for 390,100 oz
• 10 km of highly prospective strike with multiple lines of mineralisation
• 300,000 tpa gold processing facility located 45 km from Daisy Milano

Daisy Milano Underground Mine

• First Gold production in December 2007
• Mine production ~50,000 oz Au pa
• Generated $10.7 million after tax profit in first full year of operation
• Resource:197,800 tonnes @ 40.5 g/t Au for 257,400 oz

Christmas Flat Open Pit

• Open pit production commenced July 2009
• Stage I targeting 10,000 oz Au
• Stage II mining study commenced
• Resource: 453,700 tonnes @ 3.5 g/t Au for 51,000 oz

Economic Pipeline of Open Pit Production Sources

• Magic, Costello and Lorna Doone
• Mining studies commenced
• Combines Resource: 802,600 tonnes @ 3.2 g/t Au for 81,700oz

Murchison Goldfield
Tuckabianna, Comet, and Moyagee Projects

• 100% owned
• Accelerated exploration programme commenced October 2009
• Targeting a second multi-mine production centre
• Resource: 7,821,800 tonnes @ 3.8 g/t Au for 965,400 oz
• The Lena deposit is a world class exploration project with a current resource of 820,200 tonnes @ 8.5 g/t Au for 224,200 oz
• Large land holding under explored at depths greater than 100 metres below the surface
• Goldfield hosts several >1 Moz deposits

Copper Lakes

• Greenfield exploration project
• Surface samples of up to 26.5% Cu and 5.18 g/t Au

Quality Management Team with Proven Track Record

• Strong corporate, operations and exploration experience
• Over 150 years of combined resource industry experience
• Diversified spread of professional attributes
• Extensive international network of industry and market contacts

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)
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 Mount Monger Operations PO Box 750 Kalgoorlie WA 6433 Ph:+61 8 9024 2010         Fax: +61 8 9024 2013

Capital Issued Securities - 178.2 million shares

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	14.20%
Sprott Asset Management	10.60%
Eye Investment Fund	8.50%
A Parekh Group of Companies	3.20%
* Top 10	34.10%
* Excludes Directors

Related News

10/06/10 - Silver Lake Laughs Off Australia’s New Tax Laws With A Cracking Gold Discovery
10/03/10 - Silver Lake Looks Right At Home In The S&P 300, As It Looks To Bring A Second Gold Project Up Towards A Production Decision
13/08/09 - Among The Ranks Of Emerging Junior Gold Miners Silver Lake Resources Is Shaping Up As A Little Beauty
12/02/09 - Drill, Define, Mine: Silver Lake Resources Has Done Things By The Book, And Now The Profits Are Rolling In

Most Recent Statement

07/09/10 - Magic Drill Results - August 2010
31/08/10 - Tuckabianna Exploration Results - August 2010
27/08/10 - Appendix 4E/Shareholders Letter/Annual Financial Accounts
23/08/10 - Moyagee Exploration Results August 2010
17/08/10 - Boardroom Radio Broadcast August 2010
11/08/10 - Change in substantial holding