Citigold Corporation Limited · ASX:CTO
Citigold — Investor Presentation (June 2008)
16 slides from Citigold's investor presentation, Jun 16, 2008
Slide 1: Citigold Corporation Limited – Australian Gold Mining Company
For personal use only Citigold Corporation Limited Australian Gold Mining Company June 2008 Disclaimer This presentation is intended to provide general information and is not intended to constitute legal, financial, accounting, tax, investment consulting or other professional advice or services. The
Slide 2: Contents
Contents Contents Section 1 Introduction For personal use only Section 2 Citigold’s Expansion Plan Section 3 High Grade Gold Deposit Section 4 High Grade Gold Production Section 5 World Gold Market Section 6 Financial Information Section 7 Why Invest In Citigold Section 1: Introduction
Slide 3: Introduction
Introduction Growth of Assets $200 $150 (A$ millions) 1. Assets Gold producer and explorer, founded in 1993 $100 2. Operations all on Charters Towers goldfield, $50 For personal use only Nth Qld, 100 km from coastal Townsville. $- 1993 1996 1999 2002 2005 2006 2007 3. Corporate office in Brisbane. Y
Slide 4: Citigold's Expansion Program
For personal use only Section 2: Citigold’s Expansion Plan Citigold’s Expansion Program Charters Towers City Charters (phase 2) Towers City 200,000 Charters (phase 2) Towers City Plus ounces (phase 1) Exploration Charters success & Towers 200,000 South acquisitions ounces Known growth over coming 3-
Slide 5: Major Plant and Equipment
Major Plant and Equipment For personal use only Section 3: High Grade Gold Deposit
Slide 6: Our Gold Deposit
Our Gold Deposit 1. Australia’s largest Bonanza gold deposit. 2. Calculations based on over 1,850 holes drilled. 3. High grade reserves at 13g/t. 4. Gold deposit starts 120 metres from surface. For personal use only 5. Gold deposit proven to 1,200 metres depth. 6. Gold deposit probably extends to 2,
Slide 7: Reef Widens as Mine Deepens
Reef Widens as Mine Deepens The area we are developing at Charters Towers South (Warrior reef) is performing similar to the parallel historic Central (Brilliant Day Dawn reef) where mining produced big part of past 6,600,000 ozs 800+ METRES For personal use only UNDERGROUND Surface Yellow Lines = st
Slide 8: Production & Costings
For personal use only Section 4: High Grade Gold Production Production & Costings Forecasted break up of 1. Plan increase gold output to cash cost of gold 100,000 oz/yr rate in 2009 production 2. Clear strategy to take gold output to 300,000 oz/yr. Diamond 3. Low cost gold production – Corporate Dri
Slide 9: Production & Costings
Production & Costings 1. Forecasts anticipates profit margin 50% of Revenue. 2. No income tax first 3 yrs due to carried forward losses. For personal use only 3. A low cut-off grade of 3.5 g/t means buffer if future gold prices soften. 4. Citigold expects gold output rate of 100,000 oz/yr by end of
Slide 10: Citigold's Mining Technique
Citigold’s Mining Technique Citigold adopts a mechanised mining method to efficiently extract the gold ore Summary of stages in mechanised mining 1 1 A decline is developed parallel to the ore body, For personal use only this is the main haulage route and remains open for the life of the mine 2 2 Wh
Slide 11: World Gold Supply Falling / Gold Demand Climbing
World Gold Supply Falling • World gold production has declined in For personal use only recent years. • There have been very few recent significant sized gold discoveries or new large mines developed to replace this fall in production. • In 2007, China marginally surpassed production from any other
Slide 12: Citigold Capital Structure
For personal use only Section 6: Financial Information Citigold Capital Structure Citigold Corporation Limited was established in 1993 by prospector and businessman Jim Lynch. The company was listed on the ASX in December 1993 and on the DIFX in 2007 Ordinary shares 678,644,974 Directors & Mgt 15% O
Slide 13: March Quarter Report
March 08 Quarter Report The Highlights for the Quarter include: • Revenue Increased 30% to A$4.16 million For personal use only • Gold produced Increased 11% to 3,913 oz • Underground Development Increased 2% to 675 metres • Mill recovery 98% • Cash operating cost A$488 per ounce • Average gold reve
Slide 14: Value Differentiators
For personal use only Section 7: Why Invest in Citigold Value Differentiators 1. Access to a single efficient mine and deposit that is large to generate a lot of cash over a long period for shareholders. 2. Gold production underway so therefore the mine has all permits in place and operating, includ
Slide 15: Value Upside of Gold Asset
Value Upside of Gold Asset Ounces in the ground & gold grades, in comparison with other selected Australian gold miners 12 16 For personal use only 14 10 Resource S iz e (m illion oz ) 12 8 10 Grade (g/t) 6 8 6 4 4 2 2 0 0 CTO SGX CNT MON EQI PRU RRL SAR TGF IGR KAL DOM TRY (a) Bonanza deposits are
Slide 16: Thank you
For personal use only Thank you for further information visit www.citigold.com Citigold Corporation Limited, PO Box 1909, Milton, QLD. Ph 07 3870 8000, email info@citigold.com