Citigold Corporation Limited · ASX:CTO

Citigold — Shareholder Meeting (2006)

7 slides from Citigold's shareholder meeting presentation, 2006

  1. Slide 1: Finances: The Year in Review 2005-06 Financial Year

    Finances The Year in Review 2005-06 Financial Year Matthew Martin

  2. Slide 2: Financial Position at 30 June 2006

    Financial Position at 30 June 2006 „ Net Assets $152M - increased 43% „ Share price 32c - increased 129% „ Market capitalisation - trebled to $181M „ Raised $13.8M to complete Warrior and eliminate debt.

  3. Slide 3: Financial Position

    Financial Position „ Convertible Note ‘CTOG’ - returning 12%-17% „ Debt reduced in June, eliminated Sept. „ Cash & equivalents $2.2M, compared to $0.63M in 2005 „ Loss - improved by $1.6M (28%), compared to 2005

  4. Slide 4: Mine Site Expenditure

    Mine Site Expenditure Mine Site Costs Consultants Travel Office Admin 1% Corp Admin Finance costs 1% 2% 1% 1% Tenements Assays freight Machinery 1% 3% Hire Equipm ent 0% 5% Labour 46% Contractors 6% Consum ables 33%

  5. Slide 5: Mine Consumables

    Mine Consumables Oils & Greases Other 0% Petrol Wear Parts 0% Tyres 0% 0% Gas 1% 0% Cyanide 3% Drill Rod & Bits Electricity 21% 10% Diesel 10% Materials Spare Parts 12% 17% Ground Explosives Support 12% 14%

  6. Slide 6: Corporate Administration

    Staff Costs Corporate Administration Share & Travel Adverts, PR 2% Tenements Registry Costs Shareholder Accom 3% 2% Reports 1% 1% Insurance 1% 4% Regulatory Fees Interest, fees 5% 25% Deprec, stamp duty 9% Consultants 11% Salaries Office Admin 24% 12%

  7. Slide 7: 2006-2007 Cash flow from Warrior

    2006-2007 „ Cash flow from Warrior „ Gross Revenue „ 40,000 ounces per year at A$750 per ounce „ = $30 Million gross revenue „ Net Cash „ A$350 per ounce net will yield A$14 Million „ Tax Position – accumulated losses will cancel tax on profits

Citigold — Shareholder Meeting (2006) on 6ix