Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Investor Presentation (February 2006)
44 slides from Eldorado Gold's investor presentation, February 2006
Slide 1: February 2006
*@ eldoradogold ability February 2006
Slide 2: Corporate
Corporate. Shares Issued: 340,000,000 Year End Cash: US$33.8 M Net Financing Cash: US$155.0 M Net Debt: US$0.00 Shares Listed: TSX: ELD AMEX: EGO Indices : TSX Gold AMEX HUI 2
Slide 3: Growth Profile
Growth Profile. Production ounces of Gold (thousands) 3
Slide 4: Proven and Probable Reserves
Proven and Probable Reserves. 4
Slide 5: Operations. Projects. Exploration.
Kisladag Efemçukuru Vancouver Head Office Tanjianshan Biga Peninsula Demir JV Tartarugalzinho The Pontide Volcanic Belt Vila Nova São Bento Mine Operations. Projects. Exploration. 5
Slide 6: Turkey
Turkey. • Kisladag • Efemçukuru • AS Project • Pontides • Biga Peninsula Istanbul Biga Peninsula Ankara Pontides AS Project Izmir TURKEY Efemçukuru Kisladag 6
Slide 7: Kisladag Mine
Kisladag Mine. • Grass roots exploration discovery by Company in 1997 • Received Environmental Positive Certificate June 2003 • Commissioning began in February 2006 • 14 year open pit mine with 5.1 million ounces of reserve • Year 1 production 144,000 ounces; Year 2 – 14 production 250,000 ounces •
Slide 8: Kisladag construction schedule 2006
Kisladag construction schedule 2006. 8
Slide 9: Kisladag production and unit costs
Kisladag production and unit costs. 9
Slide 10: Kisladag Mine
Kisladag Mine 10
Slide 11: Crushing, Screening Plant
Crushing, Screening Plant 11
Slide 12: Leach Pad
Leach Pad 12
Slide 13: ADR Plant
ADR Plant 13
Slide 14: Efemçukuru Project
Efemçukuru Project. • Grass roots exploration discovery by Company • High grade vein system with 1.1million ounces of resource with potential for expansion • Received Environmental Positive Certificate September 2005 • Advancing project through permitting, feasibility to construction in 2007 • Under
Slide 15: Efemçukuru development schedule
Efemçukuru development schedule. 15
Slide 16: Efemçukuru production and unit costs
Efemçukuru production and unit costs. 16
Slide 17: Efemçukuru cross section
Efemçukuru cross section. 17
Slide 18: AS Project
AS Project. • Part of Demir Joint Venture • Porphyry style gold and copper mineralization in altered porphyritic rocks • Coincident geochemical and geophysical anomalies spread over a large area • Currently drilling with reverse circulation (RC), and diamond drill rigs • 2006 work program will incor
Slide 19: AS Project
AS PROJECT @ Gold and Copper Soil Anomalies Plus Road Cut Sampling eldoradogold (figure1) 19
Slide 20: Copper Soil Anomalies and Drill Locations
Copper Soil Anomalies and ” Drill Locations (igure 2) eldoradogold Soil Geochemistry: Cu ppm > 500 ppm Cu > 250 ppm Cu > 100 ppmCu * “ > 50 ppm Cu % H
Slide 21: AS Project Gold Soil Anomalies and Drill Locations
AS PROJECT Gold Soil Anomalies and Drill Locations (figure 1) 2 eldoradogold Solak Anomaly [N/ pE——_— 21
Slide 22: China
China. Beijing Tanjianshan 22
Slide 23: What is Eldorado's Strategy in China?
What is Eldorado’s Strategy in China? • Build a substantive business in China producing annually 250,000 to 300,000 ounces of gold • Build by exploration and acquisition • Develop our business by utilizing skills and expertise of Chinese Mining industry • Open to joint ventures • Apply our companies
Slide 24: Tanjianshan Mine
Tanjianshan Mine. Gansu Province To Dunhuang Tanjianshan Dachaidan Gangcha Au Deposits Xining Road Dulan Gonghe Railway Qinghai Province Magin 24
Slide 25: Tanjianshan Mine
Tanjianshan Mine. • Acquired Tanjianshan with the acquisition of Afcan Mining Corporation September 13, 2005 • Company currently has 85%. Partners; Qinghai First Brigade and Daichaidan Gold Mine 15%. With capital expenditures of US$ 50 million can earn up to 90% and current cost estimate for complet
Slide 26: Tanjianshan construction schedule
Tanjianshan construction schedule. 26
Slide 27: Tanjianshan production and unit costs
Tanjianshan production and unit costs. 27
Slide 28: Tanjianshan Gold Project Jinlonggou 2005 Drilling & New Pit Outline
TANJIANSHAN GOLD PROJECT | Jinlonggou 2005 Drilling & New Pit Outline (figure 1) eldoradogold Mine Road 11600 N \ Antiform Wile fe} Structure 11400 N 11300 N 11240N x-section @ New Drill Holes re oO Pre-2005 Drill Holes Pit design Roads THIOON 11100 N
Slide 29: Plant Construction
Plant Construction. 29
Slide 30: Employee's Camp
Employee’s Camp. 30
Slide 31: SAG Mill on Foundation
SAG Mill on Foundation 31
Slide 32: Tailings Dam Impoundment
Tailings Dam Impoundment. 32
Slide 33: Brazil
Brazil. Operations • Sao Bento Mine Exploration • Vila Nova, AP State • Tartarugalzinho, AP State Tartarugalzinho Vila Nova BRAZIL Brasilia Belo Horizonte São Bento Mine Rio de Janeiro 33
Slide 34: São Bento Mine
São Bento Mine. • Underground mine in operation since 1986. Mine has produced 1.5 million ounces of gold • Gold is recovered using conventional milling, flotation and a combination of bioxidation and pressure oxidation • All Brazilian management and staff • Good health and safety record • Mine recei
Slide 35: São Bento Mine
São Bento Mine. 35
Slide 36: Venezuela
Venezuela Suriname Roraima State Gold Mines Advanced Projects Eldorado Gold Projects Lower Proterozoic Terrain Gold Trends French Guyana Vi ] Amapari @ Sierra Leone Liberia kilometers eldoradogold Cote D'Ivoire West African Shield Bogoso/Préstea
Slide 37: Vila Nova Gold and Iron Projects
VILA NOVA | Gold and Iron Projects eldoradogold (figure 1) ==== Pit Boundary Road G Gold Mineralized Zone (lron Formation Units) ® Hematite-rich Iron Formation 418500 mE © Completed Drill Holes 0.25 { es kilometers CS x Iron Ore Project Area Gold Project Area | 417000 mE 418500 mE
Slide 38: Vila Nova Gold
Vila Nova Gold. • Land Position: 4,254 hectares • Geologic Environment: Lower Proterozoic terrain. Gold mineralization is associated within carbonate altered, sheared and folded banded iron formation with a sequence of clastic sediments, mafic volcanic and ultramafic rock. Garimpero workings extend
Slide 39: Vila Nova Project Gaivota Area
VILA NOVA PROJECT Gold Project Gaivota Area (figure 2) GHB Scent hor Formesen th edahisen Td Caterate rich har Farnacten seca bar. Farnacern GEG trerrel octets GM Chterte sche TF akaten with dip direction — eldoradogold 39
Slide 40: Vila Nova Project Croado Area
VILA NOVA PROJECT Gold Project Croado Area (figure 3) EEE Stice sich Won Formation with sulphedes GE) Cortecaceicm ren Formation () Sca-ich Iran Formation GE Leerematic schists @ Folecen with op cirection © ont tote Surtace Reck Sampler: Au ppt @> cee © S23 ts 9993 + 200 ts 508 50M pastaly —) eldora
Slide 41: Vila Nova Iron Ore
Vila Nova Iron Ore. • 2005 Drill Program produced an Inferred Resource of 8.7 million tonnes estimated with an iron content of 65% • 2006 Program: mapping extensions of the main structure, followed by additional drilling and metallurgical test work. Scoping study will be completed in 2006 • Budget:
Slide 42: Vila Nova Iron Project
Vila Nova Iron Project (figure 1) 2 eldoradogold GD tron crust 1 tron Crust with brecciated iron clasts [1 tron formation (infered) HB Massive tron [Gy ttabirite Phylite with caolin & silicified veinlets HE Phylite timonitised — Fault plain == Fault plain infered Ze Ore body Bacabal SW Ore body Baca
Slide 43: Forward looking statement
Forward looking statement. Certain of the statements made herein may contain Company’s Prospectus dated January 31, 2006. Forward- forward-looking statements within the meaning of the looking statements herein include statements regarding United States Private Securities Reform Act of 1995 and the e
Slide 44: Thank you
*@ eldoradogold ability Thank you
Eldorado Gold — Investor Presentation (February 2006) on 6ix