Castle Minerals Ltd · ASX:CDT
Castle Minerals — Investor Presentation (February 2007)
29 slides from Castle Minerals's investor presentation, Feb 23, 2007
Slide 1: Ghana Focused Gold Explorer – Investor Presentation
‘Castle Minerals Limited Ghana Focused Gold Explorer | Investor Presentation February 2007,
Slide 2: Summary
Summary = ASX listing May 2006 — (ASX: CDT) os Seven high quality gold prospects = Strategy to identify and explore properties capable of | hosting world class gold deposits = Very experienced board and management team | . Strongly leveraged against exploration SUCCESS Castle Minerals Limited =
Slide 3: People
People Michael Ivey Chairman & Managing Director Michael Ashforth : Non Executive Director Cam Ansell Non Executive Director Dennis Wilkins _ Secretary Michael Fowler a Exploration Manager Paul Amoako ~ Atta _ Ghana Representative and Consultag Castle Minerals Limited
Slide 4: Corporate
Corporate | Fully paid shares 38.3M (~22M escrowed until 2008) Unlisted options 6.9M (exercise | price. $0. 35) Cash (@Dec 06) $2. 2M Market capitalisation ~$12M ~450 shareholders Management & vendors are key investors (~53%) Castle Minerals Limited =
Slide 5: Ghana
Ghana = English official language, English code of law » Long history of successful mining with government support = World’ S {0th and Africa’s 2nd largest gold producer = Newmont currently investing $1 Billion developing Ahafo and Akyem gold.n mines Castle Minerals Limited =
Slide 6: Ghana has some of the world’s great gold mines
Ghana has some of the world’s great gold mines Mine — Owner Prod & Resource Obuasi | Anglogold Ashanti 50 Moz Tarkwa Gold Fields -—->20 Moz Ahafo (Yamfo) Newmont 16 Moz Akyem Newmont : Moz Prestea Golden Star 8 Moz Castle Minerals Limited =
Slide 7: Castle Projects
Castle Projects ¢ Seven gold projects in Ghana ° Over 2,000 km2 of tenure located i in the historic gold belts of Ghana * Drill intercepts at Banso & Antubia « 4km long anomalous gold corridor defined at Antubia | * Sapelliga project 3km along strike from 980 koz Youga gold mine Castle Minerals Limi
Slide 8: Progress since listing
Progress since listing | " Gridded 712 line km & collected 14,158 soil i samples | » 395 exploration pits dug | = Three drill programs completed: Gf RC holes - 5, 578m 7 Acquired options over Sapelliga and Ducie Projects 7 Discovered gold mineralisation in maiden drilling programs at Banso and Antub
Slide 9: Castle Minerals Ghana Project Locations
DUCIE PROJECT | BASIN PROJECT [AMOKO PROJECT CASTLE MINERALS LIMITED GHANA PROJECT LOCATIONS
Slide 10: Project locations map
Wenchi Faso iB | oe dvoire Berekum: (| & SUNYANI BASIN PROJECT Cote: | BIBIANL Apglo Ashantt| 20M Oz ANTUBIA PROJECT J) = [Gold | CHIRARO: LB | BANSO PROJECT Bold (DAMANGABOSSO| Goud Fields eae TAR Coll Fies | eos eM oc eee BONDAYE PROJECT . C AKOKO PROJECT Goid
Slide 11: Antubia Project
Antubia Project - 294 km? project 90km SW of Newmont’s Ahafo mine : (16 Moz) and 55km west of Chirano Mine (2.3Moz) - Anomalous gold corridor 4.5km long x 1.5km wide ¢ Max soils 8g/t, Max pit sampling 12. fait * Maiden drill program (Dec 06) reported 18m@2. 74g/t * Follow up drilling planned for Mar
Slide 12: Antubia soil sample locations map
/ 4a S04 saxjT 0S > o0g - 0G eye] Pappy Aystwaya0ay TI0s pyop as i a 0 ita < soBuey (ydd) ny SUOHEIOT ofdutes [10S padsoig ureziog a0n0TSs 703000 704000 7068000 ‘HOOTS iorud " : one ° [ueus4
Slide 13: Z02a000 03.200 02406 ZOA6ON - ‘03800,
Z02a000 03.200 02406 ZOA6ON - ‘03800, 7) a Oas E 903 F & Pas S38 3 5 me S ee - wad, by ~s ce 63 : $@ a © a amy Be Ig i = is
Slide 14: > gO, $8o ge as ge Se Mi 706) 062.00 Go Ulpg WOdL WBy.%
9 > gO, $8o ge as ge Se Mi 706) 100 062.00 Go Ulpg WOdL WBy.% Quigt
Slide 15: Antubia drill results map
BIBIANI CHIRANO. | Red Back 2M oz to72n 6m@0.5gt Au. TS0MRL— \ 18mO2,74g/t Au
Slide 16: Banso Gold Project
Banso Gold Project OBUAS!GOGLO MINE Production 1897-2004 988 Moz “Reinaining Reserve: (2004) 19.6 Moz @7 4.q/t AKYEM GOLD MINE |. (iMoz) | = a CASTLE TENEMENTS Birimian Meta Volcanic rocks Birimian Meta-Sedimentary rocks Tarkwaian Sedimentary rocks = —e—e— Mironang Reef Cape Coast Suite Granitoid ——
Slide 17: Banso Project
Banso Project ~ Located on the Ashanti Belt 20km E of Newmont's Akyem ~ mine (Reserves ~6 Moz). Banso soil anomaly - 4,000m x 200-500m wide. 40 holes drilled in August 2006 intersected oxide and primary gold mineralisation BNRC 04. 5m @ 3.49g/t gold from 18m and 19m @ 1.27g/t. gold from 61m BNRC 11.
Slide 18: Banso Gold Project — Western Target
Banso Gold Project — Western Target | Western edge of the tenements cover ~ 20km strike of Ashanti belt contact zone with scattered workings over ~10km strike. | | ‘Stream sediment and soil geochemistry anomalies — along western boundary . ‘Neighbouring property bought by Canadian Company (Pelangio)
Slide 19: Sapelliga Project
Sapelliga Project “+ 183km2 project in NE Ghana - Etruscan Resources is developing the 580,000 Oz (6.6 Mt@ 2.7g/t gold) Youga Gold deposit 2.5km west of the project. * Trenching (~1998) has exposed quartz veined sediments over ~an approximately 800m strike. Artisanal miners are active. Trench result
Slide 20: Sapelliga Project
Sapelliga Project | Youca coup verosirs | 7 Reserve: 6.6Mt @ 2.7g/t gold 580,000 ounces _— TeO00nE | SAPELLIGA PROSPECT | __ TRENCH RESULTS | 14m@7.7git Au, 11m@2.8g/tAu, 3m@2.6g/tAu
Slide 21: Trench Results: 14m @ 7.72g/t Au and 11m @ 2.8g/t Au
Trench Results: 14m @ 7.72g/t Au and 11m @ 2.8¢/t Au Sapelliga Prospect ENE Mineralised Trend Youga Gold Deposit (680,000 ounces} NANGODI BELE &y Sapelliga Project aduri Buguri, Youga Gold Deposit vd (580,600 ounces) A wheadhi ibe
Slide 22: Ducie
Ducie 1,126 km?.RL, on the Bolgatanga greenstone belt in NE Ghana 60 strike km of a major regional structure Bypassed by modern exploration - Russian mapping in 1960’s identified workings SW of the licence Sampling planned for March 2007 Ducie RL Regional Geology and Location Pl Ducie RL Legend Ys V
Slide 23: Akoko Project
Akoko Project 115 km*. PL on the Ashanti belt 10km_east of the Salman gold deposit (Adamus) Adamus has reported:an extensive.soil anomaly that comes up to.the-SW boundary of Akoko Licence. . Extensions of the Adamus anomaly are interpreted to. extend onto the Akoko tenement. Sampling planned for Mar
Slide 24: Akoko soil anomaly
Adamu SDUICES Avrebo Soil Anomaly Castle nite 595,000
Slide 25: Bondaye Project
Biririan MeteVclcanic asks © Nafesiisanct dyces JS liftcemere | oe tte {6 | Tarkwaian Sedimentary cocks mem Fautl Birrrian MetaSedimentary rocks @ —Allaval gold occurence | 4 Geld prospect EJ rereren. Boundary # Feet producerigad prospect ae TF Bondaye Southern Ashanti Belt Prestea goldmine (10 Moz)
Slide 26: Why Invest?
Why Invest? = All interests strongly aligned with shareholders . Very experienced board. - Excellent property portfolio = Ground acquisition and targeting commenced in 2003 - Initial fieldwork in 2005 - IPO May 2006 . Cost efficient & successful exploration team. os Strong upside to exploration SUCC
Slide 27: Exploration Timetable
Exploration Timetable «© Sapelliga Soils January 07 - Sapelliga Drilling — February 07 - Antubia Drilling (Boizan Prospect) —§ March 07 ~ ¢ Soil Sampling Banso Project ~ Jan-Mar 07 * Soil Sampling Akoko Project —s March 07 ~ + Ducie Project Recon Sampling = March/April 07 Castle Minerals Limited ="
Slide 28: Slide 28
Slide 29: Contact
Contact Castle Minerals Limited Level 3,10 Outram St West Perth, Western Australia PO Box 437. West Perth, ‘Western Australia 6872 Phone +618 9322 7018 Fax +618 9481 2335 Email: info@castleminerals.com Web:. www.castleminerals.com Ghana Representative Paul Amoako-Atta Box CT9, East Cantonments, Near
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