Slide 1: Citigold Corporation Broker Presentation Announcement
Citigold Corporation ANNOUNCEMENT 17 June 2005 Broker Presentation For the information of the market, attached is a copy of the broker presentation that will be used during the Australian ‘roadshow’ being conducted by Mr Chris Towsey, Chief Operating Officer, Australia. The purpose of the presentati
Slide 2: Sleeping Giant Awakens
Sleeping Giant Awakens 10 Moz 2°¢ Largest All Australian Gold Resource Outline of Overview The Company The Asset Development Plan Management Share Value Upside The Company ASK Code ‘CTO! listed since 1993 Paid share capital $73.5m. Shares on issue = 458,5:m: Options, majority @ 15¢; mature Dec 06, 1
Slide 3: The Company: Growth period approaching
The Company Growth period approaching ‘Two of the three ingredients to build a large and profitable gold mine business are in place and the third is close to completion — Own 10 Moz high grade gold deposit Professional management in place Funding to fully develop The Asset Convenient Location ~ clos
Slide 4: 10 million ounce drilled Inferred Mineral Resource
The Asset ees The Asset 46 million ounce drilled Inferred Mineral Resource Areas bounding the 16 million ounces til Collar Locations ac, Iron, Pgze geal Fi Ati Easting The Asset Why announce 10 Moz now? The Asset Resource tonnes reduced by 70% from 74mit to 23nv/t i hae Sie # Last full assessment do
Slide 5: Dilution removed by ore sorting
The Asset Dilution removed by ore sorting The Asset 40 years mining of 6.6 milfion ozs matches new data Feed screened’ significant dr and washed Bild resource grade for the Histoncal mining operations ‘OF the 33 bodies’ considered, 22 were assigned Inferred Mineral Rescurce stalus 22 significant dri
Slide 6: Drilled structures and future drilling
The Asset Se keer Hee Drilled structures ~ View of drill traces Sunburst area ata he am cite x The Asset Future drilling expected to increase the gold resource i We sel IM The Asset Yellow — 186 km of drives & produced 6.6 m/oz of gold ‘Gitigota’s | Decline Portal |) Stable hangingwail — 120 years |
Slide 7: Proven operating costs & Citigold owned equipment
The Asset Proven operating costs & Citigold owned equipment The Asset ‘Sec kein ea ie Surface infrastructure established and owned The Asset Trial mining gold from ‘new’ high-grade gold reefs Washington Open Pit and Underground The Asset Areas mined by Citigold ~ 80 metres underground
Slide 8: High grade gold reefs proven
The Asset High grade gold reefs proven The Asset Gold extraction plant CIL owned and operated “Tau hairclon ed ¥ Reef location proven by drilling to 1,300 metres depth ¥ Continuity of reef and grade proven by historical and current mining ¥ Trial mining was a 38,000 oz bulk sample ¥ Grades determine
Slide 9: Development Plan: Funding for development of the gold mines
Development Pian Funding for development of the gold mines Warrior funded to date from normal annual share issues, approx. A$2 million invested. Planned annual cash surplus. of $7 million from Warrior. Sunburst funded by $35 million capital raising from joint venture and/or conventional lenders. Exi
Slide 10: Warrior gold resource drilling
Development Pian Warrior gold resource ~ drilling Cross Section Cross section Looking West Development Pian "has Maen a Ms we «, Warrior mine decfine access to gold resource ie Eo se Development Pian Warrior gold resource Blue < tgit Red >10 git [Warrior long Beotion showitig Resource blocks, joking
Slide 11: Planned mining method and Sunburst mine
Development Pian Schematic of planned mining method "i hat i ln ‘Mining method ‘open stoping ci eae Development Plan Sunburst Gold Mine ~ Mine 2 Development Pian “aetna Se Sunburst gold resource — No 2 mine Development Pian enemies Sunburst mine high grade ore at 450 metres depth
Slide 12: Operating cash costs to international standards
Development Pian Operating cash costs to international standards * Gold price A$561\Uss434 75 751 as at 21 Apri 2005) « Mining cost A$217 per ounce (US$168) MINING: $56 per tonne PROCESSING 3:98 pertonne SURFACE HAULAGE: '$. 2 per tonne ADMINISTRATION Sper tonne REHAB & SHUTDOWN $1 per tonne TOTAL ‘
Slide 13: Share Value Upside
Share Value Upside Assets foundation is on gofd and future cash flow Market capitalisation potential upside may be $60/oz of gold as a high grade and profitable gold resource, ‘Australian ASX-trading resource size paevs (10Moz lus) — + Newerest Mining + Lhe Gold + Bendigo Mining * Sitigold Corporati
Slide 14: Contact Details
Contact Detaiis Chis Towsey — Chief AG Olice Corporate office — 19 Lang Pde, Milton (Brisbane) Queensland Telephone 07 3870 8000 Facsimile 07 3870 8111 Web site www.citigold. com corparation The Australian Gold Mine