Castle Minerals Ltd · ASX:CDT
Castle Minerals — Shareholder Meeting (November 2006)
27 slides from Castle Minerals's shareholder meeting presentation, Nov 14, 2006
Slide 1: Castle Minerals Limited Annual General Meeting Presentation
Castle Minerals Limited Annual General Meeting Presentation November 2006
Slide 2: Summary
Summary Castle Minerals is an ASX listed gold explorer - ASX: CDT May 2006 IPO raised $3.75 million (15,000,000 @ $0.25) Opportunity to co-invest with a very successful team Exposure to six high quality gold prospects Focussed exploration strategy to identify and explore properties in Ghana capable
Slide 3: Why Invest?
Why Invest? Very experienced board and management team Directors, management & project vendors are key investors (53%) All interests strongly aligned with shareholders Ground acquisition and targeting commenced in 2003 Projects started to be granted in 2005 Initial fieldwork in 2005 IPO May 2006 Cas
Slide 4: People
People Michael Ivey Chairman & Managing Director Michael Ashforth Non Executive Director Cam Ansell Non Executive Director Dennis Wilkins Secretary Michael Fowler Exploration Manager Henry Wiechecki Consultant Geologist — 14 years based in Ghana Paul Amoko-Atta In Country representative (ex Ghana Ge
Slide 5: Capital Structure
Capital Structure 15,000,000 shares @ $0.25 raising $3.75m 23,000,000 shares pre issue and seed Total 38,335,000 shares on issue 6,930,000 options @ $0.35 (unlisted) ~450 shareholders Market capitalisation ~$14.5m Cash @ 30 Sep ~$2.9m Strongly leveraged against exploration success Castie Minerals Li
Slide 6: Progress since listing
Progress since listing gridded 624 line kilometres collected 12,158 soil samples dug 367 exploration pits drilled 40 RC holes for 3,248 metres applied for 3 new mineral concessions and, acquired option on Sapelliga Project Discovered significant gold mineralisation in maiden drilling program at Bans
Slide 7: Ghana
Ghana Ghana English official language » English code of law » Long history of successful mining » Government support for industry » Rich mineral deposits World's 10 and Africa’s 2nd largest gold producer Newmont currently investing $1 Billion developing Ahafo and Akyem gold mines Castie Minerals Lim
Slide 8: Ghana Hosts Some of the Worlds Great Gold Deposits
Ghana Hosts Some of the Worlds Great Gold Deposits Deposit Production (Moz) Resource (Moz) Total (Moz) Obuasi 21 20 4] Tarkwa 6.7 9.8 16.5 Ahafo 16 16 Prestea 9 0.9 9.9 Akyem 8 8 ‘Teberebie 2 2.9 4.9 Bibiani 3.8 0.7 4.5 Bogosu 1.75 2 3.75 Damang 16 0.9 2.5 Abosso 2.5 2.5 Chirano 0.1 2.2 2.3 Total 48
Slide 9: Castle Projects
Castle Projects Six gold projects in Ghana Over 1,200 km? of tenure located in the historic gold belts of Ghana Significant drill intercepts at Banso 4km long anomalous gold corridor defined at Antubia Sapelliga project adjacent to 580 koz Youga gold mine Castie Minerals Limited
Slide 10: Project Locations
1 ‘Beata oe A Six gold projects located in Ghana PROJECT LOCATIONS
Slide 11: Banso Gold Project
Banso Gold Project OGUAS! GOLD WANE Produstion 1897-2004 “2aMe BE Remaining Reserve: Q (2004) 19.6 Moz @ 7. 3.a/t See Rwamary AFwere) AKYEM GOLD MINE | ~~ (8m oz) 4 Birimian Meta Volcanic rocks Birimian Meta-Sedimentary rocks Tarkwaian Sedimentary rocks = —e—e- Nircnang Reet {| Cape Coast Suite Gran
Slide 12: Banso Project granted tenements
Banso Project 4 granted tenements, 2 RL’s and 2 PL’s- 336 km, located ~200km NW Accra Located on the Ashanti Belt 20km E of Newmont’s Akyem mine (Reserves ~6 Moz) Banso soil anomaly - 4,000m x 200-500m wide. AQ holes drilled in August 2006 intersected significant oxide and primary gold mineralisatio
Slide 13: Banso Project RC Drill Hole Locations
a ay I ALA Banso Project RC Drill Hole Locations Gold Soil Geochemical Image eso Soils Sample Locations Au (ppb) Ranges s > 500 50 - 500 . = 30
Slide 14: Banso Gold Project
Banso Gold Project 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 Ashanti mine (+40 Moz) located 10km West of the Banso project Drilling Banso ~ December
Slide 15: Antubia Project granted tenements
Antubia Project 2 granted tenements, | PL and 1 RL (294 km“) located ~370km WNW Accra Located along the Western edge of the Sefwi — Bibiani belt 90km SW of Newmont’'s Ahafo mine (Reserves 10 Moz) and $5km west of Chirano Mine (2.3Moz) Sefwi — Bibiani belt: Birimian metavolcanic and sedimentary rocks
Slide 16: ARPES PEER
ARPES PEER SBasToUnE B3eC] Pepplty us Ae oe oO 2. a ifs a] pad o ie a a q ad v cotuey (qld) ny sucryesay ayduues pos ww é g. BR we ss ma 3 ei 3 ® “ a jeuouy wonpenung ‘Losroud WEAINY : (ire ie My a a rs f
Slide 17: Boizan and Sumiakrom Gold Soil Geochemistry
isons RG a He BOE i ini Eri Boizan Prospect Soil Sample Locations Gold Soil Geochemistry PoP) aye Boizan Gold Anomaly ; @ 2 NB: Boeults Sty ft gokd pslothedt fecen wnfilsampling i ann Mie. i: mest py = Bolzan Prospect Gold Soil Geochemistry Siuniakrom Gold Anomaly Sill Sample Lacations Ali fpphd Ran
Slide 18: Antubia Project
Antubia Project Reverse circulation drill program scheduled to commence in December 2006 to test the Boizan and Sumiakrom Hill anomalies which form part of a 4.5 kilometre long highly anomalous gold corridor. A program of pitting is currently underway at both prospects, primarily to provide structur
Slide 19: Sapelliga Project
Sapelliga Project The 183km? Sapelliga project is situated in the north eastern corner of Ghana along the border with Burkina Faso. Etruscan Resources is developing the 580,000 ounce (6.6 million tonnes @ 2.7¢/t gold) Youga Gold deposit just 2.5km west of the project. ‘The main area of interest at S
Slide 20: Sapelliga Prospect
Sapelliga Prospect ENE Mineralised Trend Trench Results: 14m @ 7.72g/t Au and 11m @ 2.8g/t Au ey Sapelliga Project Bap Youga Gold Deposit (580,000 ounces) Burkina Faso ., Ghana mes, Youga Gold Deposit (886,000 oances) o arbi BBA | Sapelliga Project
Slide 21: Akoko Project
Akoko Project | application - 115 km? located ~300km W of Accra Located on the Ashanti belt 10km east of the Salman gold deposit (Adamus) Adamus has reported (June 05) an extensive soil anomaly that comes up to the SW boundary of Castles Akoko application. Extensions of the Adamus anomaly are interp
Slide 22: Akoko Project
Akoko Project Avrebo soil anomaly immediately south of tenement.... Akoko goldmine to the north ZO ppb quiche git — ee Om wide (OO) winien uatartoomie mine ‘Boig enacts etd spans natin Bitinion MvieSedimenleny and Malm Vigkeweries cia ee Ear Tarkwaian Sedmentary make “> Minlc aye i Pat (PE onceve tt
Slide 23: Bondae Project
Bondae Project | application - 44 km? located ~300km W of Accra in southern Ashanti Belt Prestea goldmine (10 Moz) located 5km to the north Tenement straddles the intersection of major Ankobra/ Ashanti Belt structures Includes 5km strike of Tarkwaian/Birimian contact with associated alluvial working
Slide 24: Bondaye Project
Bondaye Project Large 20km long tenement 5km south of of 6Moz Freseta Mine No modern exploration, extensive alluvial workings Birimian Meta-Volcanic rocks Malic sils and dykes Birimian Meta-Sedimentary and Meta:Velcanis rocks Dover dykes Tarkwaian Sedimentary rocks = ———— Fault Birimian MetaSediment
Slide 25: Timetable
Timetable Banso Drilling - November 2006 Antubia Project — Boizan and Sumiakrom Anomalies » Pitting November 2006 » Drilling December 2006 Soil sampling western side of Banso project - February 2007 Sapelliga drilling - proposed for March 2007 Akoko sampling January 2007 (subject to grant) Castie Mi
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Slide 27: Contact
Contact Castie Minerals Limited Level 1, 681 Murray St West Perth, Western Australia PO Box 437 West Perth, Western Australia 6872 Phone +618 9322 7018 Fax +618 9481 5611 Email: info@ castleminerals.com Web: www.castleminerals.com Ghana Representative Paul Amoako-Atta Box CT9, East Cantonments, Near
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