Citigold Corporation Limited · ASX:CTO
Citigold — Non-Deal Roadshow (December 2011)
17 slides from Citigold's roadshow presentation, Dec 19, 2011
Slide 1: Path to transformational growth
For personal use only Path to transformational growth Investor Roadshow, December 2011 1
Slide 2: Cautionary Statement
Cautionary Statement For personal use only Disclaimer This presentation contains forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, property titles, potential mineral recovery processes, etc. Forwar
Slide 3: Agenda
Agenda For personal use only Introduction Charters Towers Gold Field Precious Metals High Margin 3
Slide 4: Overview of Citigold
Overview of Citigold For personal use only Description ASX listed gold development company that Citigold Board controls 100% of the Charters Towers project. A high grade, large scale quality gold asset. To date Citigold has produced John Foley Kim Koh 90k ounces from Charters Towers deposit Non-Exec
Slide 5: Background to the future
Background to the future For personal use only 2012: Finalise capital expansion funding and begin major gold 2007: Development development commenced 2005: 10 million ounce Resource defined 2004: 100% of gold tenements acquired 5
Slide 6: Poised for growth
Poised for growth For personal use only 1. Expansion of Imperial Mine Growth on Focus on delivering ramp up of existing licence production. through regional Continuing to convert Resource to exploration Reserve for mine planning. Maintain grade control of underground ore Recommissioning of the
Slide 7: Organic growth
Organic growth For personal use only Attractive returns from near-term project development with average IRR of 130% at conservative long term prices. Expansionary capital expenditure projected at $228 million over the 4 year development period to increase production to over 320,000 ounces with t
Slide 8: Charters Towers – a world class gold project
Charters Towers – a world class gold project For personal use only Undeveloped giant Charters Towers JORC Reserves and One of the last major undeveloped gold Resources deposits. Proven giant – 6.7 million ounces already JORC Gold Grade Contained produced. Category Tonnes g/t ounces Project geolo
Slide 9: Ore body well understood
Ore body well understood For personal use only Four years of small scale production has improved mine planning and de-risked the project ready for major capital construction and strong growth Improved Mine Planning Successful production using in-ore declining and level development Size optimisat
Slide 10: Infrastructure in place for growth
Infrastructure in place for growth For personal use only All services needed to Processing plant in support mining operation Production at and workforce are in Charters Towers place at Charters Towers Interstate highway Crushers Sealed roads to all sites Fine Ore bin Railroad Ball Mill
Slide 11: Excellent recoveries from simple metallurgy
Excellent recoveries from simple metallurgy For personal use only Gold plant operational Citigold has established a Carbon in Leach (CIL) process plant with a 340,000 tonne per annum ore capacity. The ore mined is free milling which greatly reduces the costs of processing while improving the rec
Slide 12: Increase value from technological advancement
Increase value from technological advancement For personal use only Geophysics to look between Further efficiency gains will be made through the use the holes, will reduce the of technology as mining enters the automation era. required quantity of drilling Increasing ore grade by reducing waste mine
Slide 13: Strong Community Focus
Strong Community Focus For personal use only All mining and environmental permits in place Mining Leases (MLs) granted for areas where gold is planned to be extracted Mineral Development Licenses (MDLs) granted and surround key mining areas Gold field covered by Exploration Permits (EPMs) for
Slide 14: Leverage to the gold market
Leverage to the gold market For personal use only Tight demand and supply conditions in the gold Gold price remains strong in times of market expected to persist for several years market turmoil source Perth Mint 2,000.00 Strong Demand 1,800.00 Growing physical demand due to 1,600.00 growing Chinese
Slide 15: High operating cash margins
High operating cash margins For personal use only Citigold has potential to generate significant cash margins at full production Citigold’s estimated cash margin is Indicative Citigold cash margin at A$1,073 per ounce at the current gold A$1650 per ounce price of A$1,650. Assuming long term gold
Slide 16: Low development costs
Low development costs For personal use only The Charters Towers gold project has very low development costs compared to some other Australian major gold projects Plant and majority of surface infrastructure already in place No need to build remote location housing, roads, electrical infrastructu
Slide 17: Questions?
Questions ? For personal use only Citigold Corporation Limited - Level 13, 500 Queen Street, Brisbane QLD 4000, Australia Tel:+61 (0)7 3834 0000 Fax:+61 (0)7 3834 0011 www.citigold.com 17