Citigold Corporation Limited · ASX:CTO
Citigold — Shareholder Meeting (November 2012)
21 slides from Citigold's shareholder meeting presentation, Nov 28, 2012
Slide 1: Australia's Next Major Gold Producer at Charters Towers?
For personal use only Australia’s Next Major Gold Producer at Charters Towers ? Citigold Corporation Limited Annual General Meeting 28th November 2012, Queensland, Australia
Slide 2: Legal Statement
Legal Statement DISCLAIMER - This presentation is intended to provide general information and is not intended to constitute legal, financial, accounting, tax, investment consulting or other professional advices or services. The information that is not about Citigold Corporation is For personal use o
Slide 3: Realising Citigold's Potential
Realising Citigold’s Potential 1) Gold Asset – large, high-grade, accessible For personal use only 2) Gold Business – solid foundation/strong future 3) Development Plan – building a long life mine 4) Funding – last piece of puzzle 5) Innovation – ensuring low cost production 6) Growth Execution – re
Slide 4: Gold Asset - Where is Charters Towers?
For personal use only Gold Asset - Where is Charters Towers ?
Slide 5: Gold Asset - Reserves and Resources 2012
For personal use only Gold Asset - Reserves and Resources 2012 * For full details on the Charters Towers Gold Project see the 173 page Technical Report (JORC) visiting www.citigold.com click Mining >Technical Reports >Mineral Resources and Reserves 2012
Slide 6: Gold Asset – Permanent Deep Source Giant
For personal use only Gold Asset – Permanent Deep Source Giant Today’s Old Reefs Mined Reef’s are 6,600,000 oz the same high quality Professor Whitehouse, eminent geologist, of University of New England : “a permanent deep source super giant gold deposit that will produce for generations”.
Slide 7: Gold Asset – World Peer Deposit
Gold Asset – World Peer Deposit Large base metal rich sub-class of Orogenic gold deposits For personal use only Charters Towers, 513t Au (prodn + resources) Pataz-Parcoy Potential 1500t Au 1430t Au (prodn + resources) Charters Towers and the Pataz-Parcoy gold province have the same mineral formation
Slide 8: Gold Business - Cultivating the Asset
For personal use only Gold Business - Cultivating the Asset 2012: Reserves increased to 620,000 2009: Focus on ounces. Resources converting Resources increase to 11 million 2007: to Reserves and ounces. Secure major Development refining mechanised capital expansion commenced mining method to funding
Slide 9: Gold Business - competitive advantages
For personal use only Gold Business - competitive advantages ① Large and high-grade = LONG business life and low production costs. ② 100,000 ozs produced = DERISKED PROJECT / low risk of realisation. ③ Mine already in production = all capital is into CAPACITY INCREASE. ④ Key infrastructure in place
Slide 10: Gold Business – proven mining method
For personal use only Gold Business – proven mining method
Slide 11: Development Plan – Foundation is Built
For personal use only Development Plan – Foundation is Built Recent mining the ore body to understand this unique deposit has significantly de-risked project. Substantial growth can be undertaken with confidence.
Slide 12: Development Plan – Production Steps
For personal use only Development Plan – Production Steps 400 WEST (CITY) CENTRAL (CITY) 336 350 EAST (CITY) Gold Production ('000 oz) 300 SOUTH (IMP) CENTRAL (IMP) 252 250 NORTH (IMP) 200 153 150 88 100 50 24 0 1 2 3 4 5 Years As gold output grows economies of scale improve reducing forecast Cash
Slide 13: Funding - Economic Evaluation
Funding - Economic Evaluation Figures in A$’s millions For personal use only * The above is the Economic Evaluation used is the Mineral Resources and Reserves 2012 Technical Report. It demonstrates the potential of the project based on the assumptions used and that the business GROWTH can be substan
Slide 14: Innovation - Harnessing Technology for more Productive and Safer Mining
Innovation - Harnessing Technology for more Productive and Safer Mining For personal use only Mining in the Digital Age • Environmental control, worker health and safety demands automation. • Automated (driverless) machines can operate where humans can’t – remote, harsh & hazardous areas. • Advances
Slide 15: Innovation – Continuously Mine Ore Drives
For personal use only Innovation – Continuously Mine Ore Drives Machine Mine Level Drives in Ore Replace blasting with machines – • Less waste dilution • Faster rate of advance • Reduce ground support
Slide 16: Innovation – Geophysics
Innovation – Geophysics The high-grade gold reefs are visible and relatively easy to follow For personal use only during the mining process. Our world leading geophysics scientists aim to make these same rich reefs ‘visible’ from surface to greatly improve drilling efficiencies. • Detect shape of hi
Slide 17: Growth Execution
For personal use only Growth Execution 1) START site works, start contractor assessment. 2) Major EXPANSION capital funding – needs $50M, raise $75-100M re contingencies. 3) ACCELERATE expansion works, contractor engagement. 4) Underground and surface works full speed. 5) Major drilling and geophysi
Slide 18: Value Upside : High-grade gold
For personal use only Value Upside : High-grade gold
Slide 19: Value Upside : Total cash cost per Ounce
For personal use only 1,000 1,200 200 400 600 800 0 Kentor Gold Kingrose Mining Sylvania Resources Gold One International Red 5 Eldorado Gold Citigold Corporation Conquest Mining Chalice Gold Beadell Resources Reed Resources Regis Resources Ramelius Resources CGA Mining Catalpa Resources Tanami Gold
Slide 20: Charters Towers community and Citigold
For personal use only Charters Towers community and Citigold
Slide 21: Capital Structure and Directory
Capital Structure and Directory ASX Listed Shares : Code CTO For personal use only USA ‘pink slip’ ADR’s with BNY Mellon ADR 1 = 20 CTO Shares Issued 1,238,622,051 Options/Warrants 12,097,917 Top 20 shareholders 50% Number of shareholders 9,311 Market capitalisation @ 8c $100M CORPORATE AND REGISTER