Citigold Corporation Limited · ASX:CTO
Citigold — Melbourne Mining Club (November 2007)
12 slides from Citigold's conference presentation, Nov 20, 2007
Slide 1: Citigold Corporation Limited: Goldfield Success Repeats Itself
Citigold Corporation Limited Australian GoldMining & Exploration For personal use only ASX Code ‘CTO CTO’’ Mark Lynch Managing Director/CEO “Goldfield Success Repeats Itself” Itself” DISCLAIMER This pr esentation is intended to provide gener al infor mation and is not intended to constitute legal, f
Slide 2: Topics to be Covered
Topics to be Covered For personal use only 1. Citigold Citigold’’s activities during 2007 2. Mining Operations at Charters Towers Growth of Assets 3. Strategic direction $2 00 $1 80 and outlook $1 60 $1 40 Asse ts $1 20 for 2008 (mi lli on $1 00 dol la rs) $ 80 $ 60 $ 40 $ 20 $0 19 93 1 99 6 1 99 9
Slide 3: Charters Towers Goldfield Facts
Charters Towers For personal use only Melbourne Mining Club Goldfield Facts • 6,600,000 ounces • Av. ore grade 38 g/t (major Aussie record) • Cut off grade 9 g/t (6 dwt dwt)) • All reef gold, free milling ore, hard host rock • Main period 1872 to 1917 (closed 1920) • Peak year 1899 @ 320,000 ozs • O
Slide 4: Experienced Board of Directors
Experienced Board of Directors For personal use only John J Foley, BD, LLB (Syd (Syd), ), BL (Dub) – Chairman (non (non-- exec) - Barrister since 1971. 30 years' experience in the gold mining industry, Former Director of the Australian Gold Council. Mark J Lynch, FAICD - Managing Director - Private
Slide 5: Key Achievements; Principal Asset: Charters Towers Gold
Key Achievements For personal use only 1. Gold production commenced & growing 2. Gold reserve and resource model validated 3. Share price up 37% : ASX code ‘CTO CTO’’ 4. Markel value up 70% ($300 million @ 47c) 5. Net assets increased 17% to $178 million 6. Continue to raise money internally 7. Beca
Slide 6: Main Past Production Reef
Main Past Production Reef For personal use only Parallel Reefs Giant Goldfield 5 Major Reefs 4 km Gold Reefs are the Same PAST PRESENT 38 g/t average Area greater than 38g/t
Slide 7: Typical High Grade Gold Ore at Charters Towers
Typical High Grade Gold Ore at Charters Towers For personal use only 2 metres @ 75 g/t (2.4 ozs/t) 1m @ 0.24 g/t 1m @ 192.6 g/t 1m @ 21.0 g/t Warrior Reef 840 Level Gold Mill Recoveries High at >98% Gold particles are visually fine but metallurgically coarse --------- 0.5mm ------------
Slide 8: Million Oz Gold Resource
10 million oz Gold Resource For personal use only 10 million ozs Inferred Mineral Resource JORC (23 Mt @ 14 g/t Au) based on 1,800 holes and 1,550 significant intersections Probable Ore Reserves 330,000 oz (800,000 t @13g/t) Melbourne Mining Club Top Down Mining System
Slide 9: Long Hole Open Stoping
Long Hole Open Stoping For personal use only S LE O PH U Melbourne Mining Club Mechanisation – Strong Hangingwall Clean break on hanging and foot wall Melbourne Mining Club
Slide 10: Underground Mining Operations
Underground Mining Operations For personal use only Warrior Mine Area & Gold Plant
Slide 11: Forward Corporate Goals
Forward Corporate Goals For personal use only 1. Gold production rising each quarter to a rate of 100,000 ozs of gold by the end 2008. 2. Cash costs under $350 ounce (current $470) & surplus from gold sales @ 50% of revenue. 3. Av. gold head grades of 14 g/t (now 10.1g/t). 4. Gold output increasing
Slide 12: Thank you
Underground is the place to be. Wishing all miners and explorers For personal use only continued success. Thank you 5a/19 Lang Parade Milton, Brisbane, Queensland, 4064 Australia Ph +61 7 3870 8000 Fx +61 7 3870 8111 www.citigold.com ASX code ‘CTO’