Slide 1: Efemçukuru Operational Review – Investors / Analysts Tour
Kişladağ mine, Turkey Efemçukuru mine, Turkey Vila Nova iron ore mine, Brazil Jinfeng mine, China Tanjianshan mine, China White Mountain mine, China Efemçukuru Operational Review Investors / Analysts Tour September / October 2012
Slide 2: Investors / Analysts Tour October 2012
Investors / Analysts Tour October 2012
Slide 3: Efemcukuru - Location Map
o Efemcukuru - Location Map A) eldoradogold
Slide 4: Efemcukuru Mine Layout
Efemcukuru Mine Layout eldoradogold
Slide 5: Geology - Local setting
Geology - Local setting eldoradogold BS 14279000 a2zes00N | azas000N. Hew oc He rrvatie BB serene Be ae : 260 BOO Mea sage Ol ee / "> meters a EFEMCUKURU GEOLOGY LEGEND (i roves Fei StecwonkVeininy | sent is Spilite Phrylie — RA
Slide 6: Geology - Local Setting
Geology - Local Setting sw LOOKING 340 N 700m 4m @ 2.22 git Au 6.25m @ 29.5 git Au 3.75m @ 13.3 git Ady ™ @ 11-4 git Au 4.2m @ 10.4 git A\ Q .5 m @ 11.2 git Au 3.9m @ 9.8 git Au @10.4 m @ 14.9 git Au 600m 5.3m @9.6 git Au 6.95m @ 9.9 git A 12.5m @ 18.7 git A 9 m @13.0 git Au 1.0m @8.6 git Au m @ 13.
Slide 7: Kestane Beleni longitudinal section
Efemcukuru |) Kestane Beleni longitudinal section eldoradogold SE NW Middle Ore Shoot | North Ore Shoot North West Ore Shoot South Ore Shoot 1 | | t | South Ore Shoot ~~ YHA sama ] ibe, Drill Targets I: I 260m @6o0grAU] T T Au Grade x Thickness tH a {0 >129/4xm @ Completed Holes | | >50g/txm @ Plann
Slide 8: Kokarpinar longitudinal section
Efemcukuru |) Kokarpinar longitudinal section eldoradogold BH KV351 Oxy-428 NS! KV-352 B st Kv-041 NsI @ 2012 Assayed Drill Hole EE © = 2012 Assay Pending Drill Hole 200 meters 2010-2011 Drill Hole NSI_No Significant Intercept www.eldoradogold.com
Slide 9: Reserves and Resources
Reserves and Resources 2008 Res / 2009 Reserves 2012 (FM15.new) Model Tonnes Au g/t Au oz Tonnes Au g/t Au oz Resources 5,540 9.55 1,700 6,424 8.90 1,8 Reserves 5,136 9.12 1,506 Depletion (08/2012) 365 8.71 102 Remaining Reserves 4,771 9.15 1,404 • First operating resource revision has been complete
Slide 10: Mining: 400ktpa rate achieved, Phase 2 development
400tkpa Feasibility Study production rate has been comfortably achieved Phase 1 development completed, Phase 2 75% complete by end 2012 Cut and Fill mining employed throughout all ore shoots Phase 1 – Currently Mining 50% SOS, 50% MOS Delineation at 10m x 10m centers is working well SOS
Slide 11: Preparatory development into NOS in 2013
Preparatory development into NOS in 2013 All key and ancillary capital infrastructure in place in 2012 Tipples, Crushing Station and Conveying, Workshops, Dewatering Station, Magazines, Batch Plant, Refueling Bay LOM planning exercise in progress to determine expansion capability and value w
Slide 12: Underground infrastructure: offices, crusher, conveyor
OFFICES CRUSHER CONVEYOR UG PUMP STATION FANS WORKSHOP www.eldoradogold.com 12
Slide 13: www.eldoradogold.com
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Slide 14: Plant nameplate capacity and target recovery achieved
Plant nameplate capacity (400tkpa) and feasibility target recovery (92.5%) has been achieved and exceeded 2 relines performed in 2012 Availability YTD at 88%, aiming for 90% by year end and 93% in 2013 www.eldoradogold.com 14
Slide 15: Ongoing optimization of grind size and recovery
Ongoing optimization focused on grind size, sulphur content analysis, mineralogical understanding and gravity recovery improvements Plant expansion study in progress, Current bottlenecks are filter presses (tailings and concentrate) www.eldoradogold.com 15
Slide 16: Processing Flowsheet
o Processing Flowsheet a eldoradogold
Slide 17: Dry stack tailings and waste storage
• Dry Stack Tailings system Phase 1 near complete • Phase 2 permitted and in use • South waste storage expanded redesign has accommodation for ~ 165% of tailings requirements and ~120% of waste rock requirements for current reserves • Permit requested for additional storage system to North of mine •
Slide 18: Mine planning and plant expansion studies
• Mine Planning Study identifies no major impediment for +35% production increase • Plant Expansion Study based upon scale up of circuit downstream of mills, aiming for ~65tph • EIA revision sought for 600ktpa www.eldoradogold.com 18
Slide 19: Local employment, education and vineyard project
Local Employment • 153 permanent local employees in Operations (44% of workforce) • ~120 locals employed in supporting contracts and Vineyard project Education Initiative • 21 High school students • 4 University students Vineyard Project • 10 ha planted in cabernet, merlot, shiraz, chardonnay • 60 h
Slide 20: Permitting
Permiting Permits • All operational permits are in hand for ongoing production • Revised EIA for expanded footprint will be submitted in October • Minor additional permits are also in due process. (UG explosives, additional forest access) www.eldoradogold.com 20