Castle Minerals Ltd · ASX:CDT
Castle Minerals — Shareholder Meeting (November 2013)
18 slides from Castle Minerals's shareholder meeting presentation, Nov 21, 2013
Slide 1: Castle Minerals Limited Annual General Meeting 2013
For personal use only Castle Minerals Limited Annual General Meeting 2013 ASX: CDT www.castleminerals.com
Slide 2: Disclaimer and Competent Person Statement
Disclaimer and Competent Person Statement For personal use only This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any
Slide 3: 2012/13 Activity/Outcomes
2012/13 Activity /Outcomes For personal use only Maiden gold resource announced for Danyawu deposit Gold resources increased to 280,000 ounces Five greenfield gold discoveries made so far: Akoko North/Akoko South 103,300 ounces Kandia 107,500 ounces Julie West/Danyawu 69,000 ounces Stage
Slide 4: Low cost drilling completed in 2013 using own rig
For personal use only 43,056m low cost drilling completed in 2013 using Castle’s own 4rig
Slide 5: 2012/13 Activity/Outcomes
2012/13 Activity /Outcomes For personal use only Bundi and Kpali discovered 2013 with potential to be the most significant gold mineralisation defined to date by Castle VTEM and magnetic survey over Bundi and Kpali identifies new high priority targets Antubia and Kong Projects sale/option exec
Slide 6: Projects in Ghana
For personal use only 5 Projects in Ghana Focus on Wa and Akoko Projects Own/operator RAB rig, drilling ~5,000m/mth provides huge flexibility and cost advantages 6
Slide 7: Wa South – Bundi and Kpali
Wa South – Bundi and Kpali For personal use only Two new gold targets defined from shallow RAB drilling followed by one phase of RC drilling May 2013 • 1,200m long Bundi prospect • 650m long Kpali prospect (4km south of Bundi) No prior exploration, alluvial cover (2-6m) over entire area
Slide 8: Wa South
For personal use only Wa South
Slide 9: Bundi
Bundi Prospect For personal use only • 1,400m long 20-60m bedrock gold anomaly • Most holes ended in mineralisation • Average hole depth ~ 12m • Birimian metasediments beneath thin alluvial cover
Slide 10: Bundi
Bundi Prospect For personal use only • Significant RC intercepts from the gold/zinc horizon at Bundi include; 2m @ 7.87g/t gold and 0.15% Zn from 40m 3m @ 6.01g/t gold and 1.04% Zn from 40m 3m @ 3.19g/t gold and 1.20% Zn from 25m 2m @ 9.11g/t gold and 1.36% Zn from 68m • Host rock is a quartz-serici
Slide 11: Bundi
Bundi Prospect For personal use only • 1,200m x 200m surface • May represent the distal portion of a VMS (volcanogenic massive sulphide) horizon and provides considerable scope for the definition of a high grade gold and or zinc deposit. • VTEM/mag survey complete • RC drilling Dec 2013
Slide 12: Kpali
Kpali Prospect For personal use only • New gold target 4km south of Bundi. RAB intercepts: • 10m @ 1.19 g/t gold from 5m • 10m @ 1.80 g/t gold from 16m • 2m @ 1.90 g/t gold from 4m • 2m @ 3.28 g/t gold from 15m • Open to the north and RAB drilling completed - assays awaited • Birimian metasediments
Slide 13: Kpali
Kpali Prospect For personal use only • Kpali RC results in red (individual metre fire assay analysis) and RAB results in yellow (5m composite aqua regia analysis) • Kpali represents a significant new gold discovery with excellent resource potential particularly around the flexure on the north side o
Slide 14: Kpali
Kpali Prospect For personal use only • Stacked cross sections from the 100m spaced RAB fences at Kpali. • Significant potential exists particularly around the flexure on the north side of the granite that is coincident with greater widths of gold mineralisation in the RAB holes • RC drilling Dec 201
Slide 15: Bundi & Kpali VTEM Mag survey
Bundi & Kpali Kpali Prospect For personal use only VTEM Mag survey completed August 2013
Slide 16: Bundi & Kpali preliminary magnetic data
Bundi & Kpali Kpali Prospect For personal use only Preliminary magnetic data Structurally complex Wa-Lawra/ Bolgatanga greenstone belt intersection pin pointed 13 high priority electromagnetic conductors at Bundi Prospect in NW Ghana Conductors possibly represent massive sulphides with mos
Slide 17: Summary/Key Objectives 2013/14
Summary/Key Objectives 2013/14 For personal use only Defined gold resources of 280,000 ozs have real value to neighbouring producers/developers with an exceptional unexplored land holding, enhanced through recent exploration success Wa Project Detailed RC drill test of 1200m long Bundi and 650m lo
Slide 18: Appendix - Resource Estimates
Appendix 1 - Resource Estimates Castle Minerals Mineral Resource Estimates - Gold For personal use only Wa Project Indicated Inferred Total Tonnes Au Tonnes Au Tonnes Au Au t Ounces t g/t t g/t Ounces Julie West 383,000 52,100 32,000 4.0 415,000 4.2 56,200 Danyawu 72,100 12,800 72,100 5.5 12,800 Kan
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