Castle Minerals Ltd · ASX:CDT
Castle Minerals — Investor Presentation (February 2012)
27 slides from Castle Minerals's investor presentation, Feb 6, 2012
Slide 1: Investor Presentation February 2012
For personal use only www.castleminerals.com Investor Presentation February 2012 2012 - A Year of Discovery
Slide 2: Summary
Summary For personal use only Largest Landholder in Ghana with >11,000km2 in 6 project areas Three greenfields gold discoveries in 2011 Kandia Baayiri Koda Hill Resource base increased 68% to 267,000 ounces Well funded with $5.6M, own drill rig purchased, new site office/accommodation
Slide 3: Experienced Board and Management
Experienced Board and Management For personal use only Michael Ashforth - Non Executive Chairman, Executive director of Macquarie Capital. Former MD of Gresham Advisory Partners and partner of Freehills. Michael Ivey – Managing Director & CEO Geologist, 25 years corporate, technical, exploration and
Slide 4: Market Statistics
Market Statistics For personal use only Issued Shares 113.7 m Options (40c) 1.05m Market Cap $22 m Cash $5.6m % Issued Capital Tight Capital Structure Azumah Resources 15.3% Register includes; Lujeta Pty Ltd 8.9% Seamans Capital (Boston) Harper 7.5% Resource Capital Funds VLP (Denver) Bridge
Slide 5: Project Locations
Project Locations For personal use only Largest land holder in Ghana 6 exploration projects covering ~11,000 km2 Two gold discoveries in 2008 Three discoveries in 2011 Focus on Akoko and Wa Projects Antubia (gold) and Opon Mansi (Fe Ore) programs planned 5
Slide 6: Wa Project regional geology map
Burkina Faso °“ rw youca ® Bawku oy 17°N — —_———= 50km | ff Das WA PROJECT \ Ss Voltain Basin sediments [Tar | Tarkwaian Birimian [Bs] Metasediment (Gee Matic volcanic flows Intrusive units, granitoids, — 10°N [9] matic intrusives,matic Konkera 3 / granitoids 3.1Moz Gold Jf ff GHANA $ ( —— Major fau
Slide 7: Wa Project
Wa Project For personal use only ~10,000km2 Good title - 3 RL’s, 18 PL’s/PLA’s No historic minerals exploration drilling Julie West defined 2009, (415,000t @ 4.2g/t) 4 advanced regional exploration areas Wa-Lawra Belt Wa South Julie West – Jang (Baayiri) Kandia 7
Slide 8: Wa Project – Wa-Lawra Trend
Wa Project – Wa-Lawra Trend For personal use only Kunche /Bepkong Wa-Lawra trend (~70 strike km) has ~800Koz same stratigraphy as ~800,000 oz Kunche Bepkong deposits Never drilled Western area adjacent to Black Volta has variable alluvial cover sequences +70km of untested Conventional soils
Slide 9: Wa South
Wa South For personal use only Intersection of Wa-Lawra and Bolgatanga greenstone belts Extension of Batie West structure No pre Castle drilling Soil anomaly confirmed and refined by auger drilling 112 aircore holes on 3 lines completed as first test of the 5km x 3km auger anomaly Birimi
Slide 10: Maiden aircore drilling outlines coherent gold trend
For personal use only Maiden aircore drilling outlines coherent gold trend intersecting • 26m @ 0.24 g/t gold from 25m to EOH (11SWRB47) • inc.10m @ 0.51g/t gold from 25m and • 10m @ 0.54 g/t gold from 25m (11SWRB69) 10
Slide 11: Kandia
KANDIA PROSPECT T 600 000mE | / \ Kandia Gold ond Mineralisation ; a "8000 Zone’ -*********5 1104400 N Section x PA i: KANDIA PROSPECT y y granite metasediments “7 JSastle 7 f Wa Project Kandia Kandia = Gold mineralisation discovered in 2010 with the first resource drilling being undertaken in 2011
Slide 12: Kandia
Kandia For personal use only A +20km granite/sediment contact zone hosting sediment hosted gold mineralisation. RC and RAB programs proposed for 2012 to extend known mineralisation and test parallel and strike extent targets
Slide 13: Julie West - Jang
Julie West - Jang For personal use only +50km of anomalous gold geochemistry Hosts Julie West gold deposit and two new discoveries - Koda Hill and Baayiri 3km west of AZM’s Julie deposit No historic pre CDT drilling 13
Slide 14: Julie West Vein
Julie West Vein 415,000t@ 4.2g/t Julie West – Jang gold (56,000 ounces) For personal use only 500m long laminated quartz vein 5m @ 28g/t gold, 2m @ 41g/t gold 7m @ 23g/t, 3m @10g/t Conceptual open pit study ($600/oz shell) captures 250kt@ 4.9g/t gold Cash cost of US$295/oz 14
Slide 15: Julie West – Jang
Julie West – Jang For personal use only High grade rock chips and RC intercepts 4km north of Julie West deposit offer immediate drill targets This area will be a priority for RC drilling along with areas of untested laminated vein subcrop reporting rock chips up to 37g/t gold 15
Slide 16: Koda Hill/Baayiri - New Discoveries 2011
Koda Hill/Baayiri - New Discoveries 2011 For personal use only
Slide 17: Baayiri
Baayiri For personal use only A large previously unexplored area of anomalous soil geochemistry (12 x 6km) only limited by the boundaries of soil sampling First RC drilling in 2011 intersected 52m @ 2.02g/t from 15m 5m @ 6.64g/t from surface 20m @ 0.55g/t gold from10m 15m @ 2.73 g/t gold
Slide 18: Baayiri
For personal use only Baayiri
Slide 19: For personal use only
1.08 2.3 1.3 1.91 0.04 2.72 2.14 0.87 1.07 For personal use only 1.64 0.18 1.78 0.36 1.68 1.5 1.24 3.9 0.04 4.03 1.98 3.97 2.57 3.27 1.17 0.4 3.52 3.12 1.94 0.36 0.44 0.8 1.72 0.08 5.69 1.63 0.1 0.66 1.68 19.27 3.86 1.16 0.21 3.01 2.11 0.26 2.15 0.14 0.68 1.14 0.51 0.23 0.26 1.89 0.38 0.93 0.66 0.1
Slide 20: Wa Project Summary
Wa Project Summary For personal use only ~10,000km2 Wa Project is an exceptional underexplored landholding >50,000m of drilling completed in 2011 Kandia, Baayiri and Koda Hill greenfield gold discoveries Initial Resource for Kandia Purchased own drill rig + 3 new support vehicles Establi
Slide 21: Akoko Project
Akoko Project For personal use only Akoko South and Akoko North prospects 10km east of Adamus Resources 2 Moz Salman/Anwia project 30km south of 22 Moz Tarkwa goldmine Ashanti Gold Belt
Slide 22: Akoko Project
Akoko Project For personal use only Resource grade at Akoko North increased by 37% Akoko North totals 1.1mt @ 2.2g/t gold for 77,400 ozs Combined Resource estimate for Akoko North and Akoko South totals 103,300 ozs Akoko East Scoping studies at Akoko North captures 1.07mt @ 2.0g/t gold (68,0
Slide 23: Akoko Project
Akoko Project For personal use only Four Diamond drill holes recently completed returned best results of 12m @ 2.68 g/t gold from 24m (11ANDD02) and 11.8m @ 3.24 g/t gold from 0.7m (11ANDD03)
Slide 24: Akoko North prospect sections
z § r= Fe T 560,000mN T 559,600mN T 559,200mN T 595,600mE 595,600mE_ nl T T 596,000mE 596,400mE 2 Mineralised Gold Corridor Legend «Existing RC dling nants] RE NOTE 596,000mE 596,400mE 1 n AKOKO NORTH PROSPECT 560,400mN- L Rael 1 \ 559,600mN fi 559,200mN n r#"** _ AKOKO NORTH PROSPECT RC Section 559
Slide 25: Akoko Project
Akoko Project For personal use only Infill and extensional sampling at Akoko North and Akoko East prospects has confirmed significant soil anomalism, that combined, extends for an aggregate 15 strike km and offers immediate new drill targets
Slide 26: Best Value Gold Explorer in West Africa
Best Value Gold Explorer in West Africa For personal use only One of the cheapest West African stocks with potential for multiple uplift on exploration success web: www.castleminerals.com email: mivey@castleminerals.com Perth Office: Unit 6, 1 Clive Street West Perth phone: +618 9322 7018 Post: PO B
Slide 27: Appendix - Resource Estimates
Appendix 1 - Resource Estimates For personal use only Wa Project Indicated Inferred Total Tonnes Au Au Tonnes Au Au Tonnes Au Au t g/t Ounces t g/t Ounces t g/t Ounces Julie West 383,000 4.2 52,100 32,000 4 4,100 415,000 4.2 56,200 Ka ndi a 4000 Zone 1,973,000 1 62,900 1,150,000 0.8 31,200 3,123,000
Castle Minerals — Investor Presentation (February 2012) on 6ix