Slide 1: Eldorado Gold - World Gold Council
eldorado WORLD GOLD COUNCIL
Slide 2: Skouries Project Location
Skouries Project Location Mine Development Drill ready targets N Road Permit boundary Village Olympias Power line 8.1 km Tunnel 10km Piavitsa Stratoni Operation radius Stratoni Port Facility Fisoka Skouries Tsikara 1 km www.eldoradogold.com 2
Slide 3: Skouries Project Overview
Skouries Project Overview Deposit Type Cu - Au porphyry Initial Capex US$340 million Cash Cost (by-product) US$-500/oz Open-pit ; US$190/oz Underground Mining Rate 8Mtpa Open Pit ; 4.4Mtpa Underground Mine Life 27 years Strip Ratio 0.7 : 1.0 (w:o) Production ~140,000oz Au, ~30,000kt Cu pa Open Pit ~
Slide 4: Skouries Regional Geology
Skouries Regional Geology Plan View Biotite Gneiss N Schist Mavres Petres Amphibolite Gneiss Madem Section Marble Lakkos NW Intrusive Skouries 0 5km Dyke Porphyry 0 200m Schist www.eldoradogold.com 4
Slide 5: Skouries Orebody and Drilling
Skouries Orebody and Drilling Gold grade profile Copper grade profile Schist Amphibolite Gneiss Marble Intrusive 0 100 200 0 100 200 Metres Metres >1.5 g/t Au 0.7 - 1 g/t Au >1.2% Cu 0.4 - 0.8% Cu 1 - 1.5 g/t Au < 0.7g/t Au 0.8 - 1.2% Cu 0.2 - 0.4% Cu • Porphyry mineralisation drilled at a nominal s
Slide 6: Skouries Reserves & Resources
Skouries Reserves & Resources Au Grade Cu Grade Contained Au Contained Cu Location Tonnes (g/t) (%) (oz) (t) Open-Pit Proven 15,166,000 1.06 Schist 0.60% 516,000 91,000 Probable 31,816,000 0.52 0.37% Amphibolite Gneiss 530,000 119,000 Proven & Probable 46,982,000 0.69 Marble 0.44% 1,046,000 210,000
Slide 7: Mining
Skouries Mining Open pit 1. Open Pit • Depth 240m; Ore 47Mt; Waste 35Mt Schist • Strip ratio 0.7:1.0 (w:o) 240m Amphibolite Gneiss • Throughput 8.0 Mtpa Underground NSR cut-off Marble • Average grade 0.69 g/t Au; 0.44% Cu Intrusive • Pit design based on preliminary geotech, further optimisation po
Slide 8: Skouries Processing Plant
Skouries Processing Plant – ~21ktpd Single Line Optimised throughput – Up to • Overall Au Recovery ~84% 8Mtpa for softer open pit ore Schist • Overall Cu Recovery ~91% Paste thickener technology used which will reduce tailings land-use Ore Amphibolite Gneiss and water return pumping costs 7-8Mtp
Slide 9: Skouries Plant Design
Skouries Plant Design Schist Amphibolite Gneiss Marble Intrusive www.eldoradogold.com 9
Slide 10: Skouries Site Layout
Skouries Site Layout Schist Amphibolite Gneiss Marble Intrusive www.eldoradogold.com 10
Slide 11: Skouries Metal Production
Skouries Metal Production Readily saleable, clean CuAu concentrate + Au Doré Plant Throughput O/P 1013 tph ROM, (softer ore) Schist Plant Throughput, U/G 881 tph ROM Amphibolite Gneiss Copper concentrate ~120,000 tpa average OP Marble ~88,000 tpa average U/G ~2% w/w to final concentrate Intrusive Pa
Slide 12: Skouries Operating Costs
Skouries Operating Costs On-Site Operating Costs €/t $/t Open-Pit Mining Cost (per t moved) 1.65 2.15 Underground Mining Cost 16.50 21.45 Open-Pit Processing (8 mtpa) 3.50 4.55Schist Underground Processing Cost (4 mtpa) 4.50 5.85Amphibolite Gneiss G&A + Tailings Cost 0.55 0.72Marble Intrusive Off-Si
Slide 13: Skouries Capital Costs (2012-2016)
Skouries Capital Costs (2012-2016) Initial capital of ~$340 million required to commence plant production with open-pit ore in 2015 Additional ~$63 million will be spent on underground development. Item Unit 2012 2013 2014 2015 2016 Total Capitalized Waste-Stripping US$mln 0.0 0.0 10.5 13.0 15.0
Slide 14: Development Schedule
Skouries Development Schedule Commercial Production expected Q3 2015 Schist 2012 2013 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Gneiss Amphibolite Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Marble Engineering Intrusive Procurement Site Preparation Activity Description Plant Construction Pit & Tailings Construction Undergrou
Slide 15: Skouries Future Considerations
Skouries Future Considerations Conversion of inferred resources to measured and indicated. Schist Potential for satellite deposits. Amphibolite Gneiss Marble Clean Cu concentrate provides multiple Intrusive options for marketing. Potential delays caused by vocal minority issues. Potential
Slide 16: Photos - Surface Work & Archaeological Study
Skouries Photos -Surface Work & Archaeological Study Schist Amphibolite Gneiss Marble Intrusive www.eldoradogold.com 16
Slide 17: Photos - Surface Clearing and Drilling
Skouries Photos – Surface Clearing and Drilling Schist Amphibolite Gneiss Marble Intrusive www.eldoradogold.com 17
Slide 18: Photos - Mill Cells at Fabrication Plant
Skouries Photos – Mill Cells at Fabrication Plant Schist Amphibolite Gneiss Marble Intrusive Now in Storage in Thessaloniki www.eldoradogold.com 18
Slide 19: Forward-looking statements
Certain of the statements made in this Presentation may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities law. These forward-looking statemen
Slide 20: Thank You
Thank You TSX: ELD NYSE: EGO Total shares outstanding (as of June 30, 2012): 712.9 M Investor Relations: Nancy Woo (604) 601-6650 ⋅ nancyw@eldoradogold.com www.eldoradogold.com 20