Citigold Corporation Limited · ASX:CTO
Citigold — Investor Presentation (February 2008)
21 slides from Citigold's investor presentation, Feb 7, 2008
Slide 1: Citigold Corporation Limited
Citigold Corporation Limited For personal use only Australian Gold Mining & Exploration ASX: CTO DIFX: CTO BNY ADR (20:1): CTOHY Mark Lynch Managing Director/CEO February 2008
Slide 2: Disclaimer
Disclaimer For personal use only 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 information that is not about Citigold Corporation is collected from
Slide 3: Investment Highlights
Investment Highlights For personal use only 100% owned 10 million oz gold resource (international standard) grading high 14g/t in Australia’s richest historical goldfield Established infrastructure including company owned mining and environmental permits, gold extraction plant, developed undergr
Slide 4: Corporate Overview
Corporate Overview For personal use only Paid Up Issued Capital Shareholders Ordinary shares 663,533,486 Directors & 15% Management Options # 31,857,426 Top 20 43% # ~13 million in the money at 15 - 37 cents, Market Cap * $282 million ~18.9 million out of the money at 45 - 50cents * @42.5c 100% Long
Slide 5: Directors & Key Management
Directors & Key Management For personal use only John Foley, Non Exec Chairman - Barrister since 1971. 30 years experience in the gold mining industry, former Director of the Australian Gold Council Mark Lynch, Managing Director/CEO - Private and public gold exploration and mining companies for 28 y
Slide 6: Charters Towers Goldfield
Charters Towers City For personal use only 5 Investor Roadshow – February 2008
Slide 7: Goldfield History
Charters Towers Goldfield History For personal use only 6.6 million oz’s of gold produced historically Over 200,000 oz pa for 12 yrs Average ore grade 38 g/t (Highest in Australia) Cut off grade 9 g/t (6 dwt) All reef gold, free milling ore, hard host rock Main period 1872 to 1917 (close
Slide 8: Gold Resources and Reserves
Charters Towers Gold Mine Gold Resources and Reserves For personal use only 10 million oz gold Resource at 14 g/t Targeting 20 million oz gold Resource within 5 years 330,000 oz gold Reserve at 13g/t Targeting 1 million oz gold Reserve by Dec 2008 and 2 million oz gold Reserve by Dec 2009 1,80
Slide 9: Gold Resources
Charters Towers Gold Mine Gold Resources For personal use only Large gold 14,000,000 16.00 resource with 12,000,000 14.00 12.00 exceptional 10,000,000 Resource Size (oz) 10.00 Grade (g/t) 8,000,000 high grade 6,000,000 8.00 gold 4,000,000 6.00 4.00 2,000,000 RED = Gold Grade 2.00 BLUE = Gold Resourc
Slide 10: Five Major Parallel Reefs
Charters Towers Gold Mine Five Major Parallel Reefs For personal use only 9 Investor Roadshow – February 2008
Slide 11: High Grade Gold Reefs
Charters Towers Gold Mine High Grade Gold Reefs For personal use only PAST MINING MINING TODAY 38 g/t average Area greater than 38g/t 10 Investor Roadshow – February 2008
Slide 12: High Grade Gold Reef
Charters Towers Gold Mine High Grade Gold Reef 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 Recent Mining Warrior Reef 840 Level 11 Investor Roadshow – February 2008
Slide 13: Simple Gold Extraction from the Rock
Charters Towers Gold Mine Simple Gold Extraction from the Rock For personal use only Gold particles are visually fine but metallurgically coarse --------- 0.5mm ------------ 830 g/t gold Warrior 830 Level 12 Investor Roadshow – February 2008
Slide 14: Major Underground Mining Machinery
Charters Towers Gold Mine Major Underground Mining Machinery For personal use only 13 Investor Roadshow – February 2008
Slide 15: Efficient Top Down Mining Method
Charters Towers Gold Mine Efficient Top Down Mining Method For personal use only Very simple top down mining methodology, with mineralisation trapped in a very strong granite and hence clean break on hanging and foot wall 14 Investor Roadshow – February 2008
Slide 16: Mechanised Slot Mining Method
Charters Towers Gold Mine Mechanised Slot Mining Method For personal use only Successful Long Hole Slot Stoping Method E S L O PH U 15 Investor Roadshow – February 2008
Slide 17: Operational Gold Extraction Plant
Charters Towers Gold Mine Operational Gold Extraction Plant For personal use only 340,000 tpa gold plant, traditional CIL process, on site laboratory 5 MW Mill mains power, 1 MW Underground mains power in 2008 increasing to 3 MW Water supply recycling self sufficient 12 major underground mac
Slide 18: Permitted and Approved
Charters Towers Gold Mine Permitted and Approved For personal use only All permits in hand with operational experience Citigold 100% owns 360 km2 of granted mining and exploration licenses at Charters Towers, Queensland Citigold has been producing gold in the region for the past 1 year with no
Slide 19: Exploration Upside
Charters Towers Gold Mine Exploration Upside For personal use only Currently 3 diamond core drill rigs in operation with 2 additional rigs to come on line by late Q1 2008 Over 300 sq km of additional exploration lands pending Deep diamond hole planned targeting extensions of several known reef
Slide 20: Strategic Plan
Charters Towers Gold Mine Strategic Plan For personal use only Target 100,000 oz/year rate by Dec 2008 and 250,000 oz/year rate by 2011 Target cash costs A$350 oz (current A$544) & surplus from gold sales @ 50% of revenue, Gold currently ~A$1000/oz Target average gold head grade of 14 g/t (cur
Slide 21: Citigold Corporation Limited
Citigold Corporation Limited 5a/19 Lang Parade For personal use only Brisbane, Queensland, 4064 Australia Ph +61 7 3870 8000 Fx +61 7 3870 8111 Gold and Diamond Park Dubai, U.A.E. Ph +971 4 340 4588 Fx +971 4 340 7768 mlynch@citigold.com www.citigold.com ASX: CTO DIFX: CTO Thank you BNY ADR (20:1):