Castle Minerals Ltd · ASX:CDT

Castle Minerals — Mining Indaba 2013

32 slides from Castle Minerals's conference presentation, Feb 4, 2013

1. Slide 1: Castle Minerals Limited - Mining Indaba 2013

   For personal use only Castle Minerals Limited Mining Indaba 2013 ASX: CDT www.castleminerals.com

2. 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

3. 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

4. Slide 4: Market Statistics

   Market Statistics For personal use only Issued Shares 113.7 m Options (40c) 1.05m Market Cap $10 m Cash $2.1m % Issued Capital Azumah Resources 17% Tight Capital Structure Lujeta Pty Ltd 8.9% Register includes; Harper 7.5% ASX listed Azumah Resources Bridgelane Pty Ltd 6.7% HSBC Custody Nominees 6.6

5. Slide 5: Summary

   Summary For personal use only  >11,000km2 in 6 project areas  Resource base increased 68% to: 267,000 ounces  Akoko 103,300 ounces  Kandia 107,500 ounces  Julie West 56,000 ounces  +40,000m drilling for 2013 season is underway  Well funded with $2.1M 5

6. Slide 6: 2011/12 Activity/Outcomes

   2011/12 Activity/Outcomes For personal use only  High grade gold intersected at Danyawu - 9m@ 22g/t and 16m@14.7 g/t gold  Maiden Gold Resource announced for Kandia Deposit of 107,000 ozs  Akoko Resource upgraded to 1.7mt @ 1.9g/t gold for 103,300 ozs  Gold Resources increased 68% to 267,000ozs

7. Slide 7: 2012/13 Key Objectives

   2012/13 Key Objectives For personal use only  Wa Project  Define maiden gold resources for Danyawu and Alpha, Bravo and Charlie mineralisation  Complete +40,000m of RAB drilling. 60 gold targets identified: 26 targeted for drilling 2012/13 (drilling commenced 1st November)  Continue regional sca

8. Slide 8: Largest Land Holder in Ghana + Low Cost Exploration

   Largest Land Holder in Ghana + Low Cost Exploration For personal use only  Owner operator rig delivered Jan 2012 - Huge flexibility and cost advantages  63,000m drilling completed in 2012 on Wa Project 8

9. Slide 9: Wa Project North West Ghana

   Wa Project North West Ghana 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) and Kandia 2011 (107Koz)  4 advanced regional exploration areas  Wa-Lawra Belt  Wa South  Julie West – Ja

10. Slide 10: Julie West – Jang Trend

    Julie West – Jang Trend For personal use only

11. Slide 11: Danyawu Prospect

    Danyawu Prospect For personal use only Danyawu High grade Gold 11

12. Slide 12: Alpha, Bravo, Charlie Prospects

    Alpha, Bravo, Charlie Prospects For personal use only Danyawu High grade Gold 12

13. Slide 13: Julie West – Wa Project

    Julie West – Wa Project For personal use only Total resource of 0.41mt @ 4.2g/t for 56,000 Ozs Outcropping 500m long laminated quartz vein. Conceptual open pit study ($600/oz shell) captures 250kt@ 4.9g/t gold Drilling planned to test new targets identified along strike

14. Slide 14: Wa Project – Wa-Lawra Trend

    Wa Project – Wa-Lawra Trend For personal use only  Wa-Lawra trend (~70 strike km) Kunche has same stratigraphy as /Bepkong ~800,000 oz Kunche Bepkong ~1.0Moz Kambale deposits Graphite occurrence  No pre CDT drilling  Western area adjacent to Black Volta has variable alluvial cover sequences +70km

15. Slide 15: Wa-Lawra Trend – Pole Prospect

    Wa-Lawra Trend – Pole Prospect For personal use only  Significant new gold anomalies in a previously unexplored area – highest tenor Auger anomaly defined so far  The largest anomaly extends for over 5km and includes a peak auger sample reporting 7,170ppb gold  Excellent structural position on th

16. Slide 16: Wa South

    Wa South For personal use only  Intersection of Wa-Lawra and Bolgatanga greenstone belts and extension of Batie West structure  Maiden RC drill testing intersected  10m @ 1.73g/t gold from 40m (SWRC 01), inc. 5m @ 3.03g/t gold from 40m  15m @ 0.56g/t gold from 65m (SWRC 04), inc. 5m @ 1.23 from

17. Slide 17: Wa South

    Wa South For personal use only  RAB/RC drilling has confirmed two parallel trending gold zones approximately one kilometre apart.  The gold mineralisation was discovered beneath a 2-3m blanket of transported gravels that covers much of the area.  Additional RAB drilling testing both zones is prop

18. Slide 18: Wa South

    Wa South For personal use only Magnetic signature for Anomaly A  New 800m long Bundi prospect is the most coherent auger anomaly reported to date at Wa South. First drill testing at Bundi is underway

19. Slide 19: Kandia Prospect

    Kandia Prospect For personal use only  A +20km granite/sediment contact zone hosting sediment hosted gold mineralisation.  Soils and RAB drilling planned with aim of extending known mineralisation and test parallel and strike extent targets  New area of artisanal mining activity

20. Slide 20: Kandia West Prospect

    Kandia West Prospect For personal use only  Multiple new gold anomalies over a 3km long corridor. This is a new gold target that will be subject to detailed exploration and drilling. Area of geophysical survey

21. Slide 21: Baayiri Prospect

    For personal use only Baayiri Prospect

22. Slide 22: Circular Aeromagnetic Anomalies on Wa Project

    Circular Aeromagnetic Anomalies on Wa Project For personal use only  Numerous discrete circular features identified from magnetics  May represent kimberlite, lamproites or carbonatite pipes. Kimberlites and lamproites are the major source of the world’s diamonds and carbonatites may host Area of g

23. Slide 23: Kambale Graphite Deposit - North West Ghana

    Kambale Graphite Deposit ‐ North West Ghana For personal use only High Grade Flake Graphite zones up to 50m true width 23

24. Slide 24: Kambale Graphite Deposit - North West Ghana

    Kambale Graphite Deposit ‐ North West Ghana For personal use only New drilling extends zone to +2km

25. Slide 25: Kambale Graphite Deposit - North West Ghana

    Kambale Graphite Deposit ‐ North West Ghana For personal use only  Maiden Resource for Kambale of 14.4mt @ 7.2% C (graphitic carbon) for 1.03mt contained graphite. Includes 6.0mt @ 8.6% C for 0.52mt contained graphite  Ranks as one of the largest global graphite deposits  Metallurgical test work

26. Slide 26: Kambale Graphite Deposit - North West Ghana

    Kambale Graphite Deposit ‐ North West Ghana For personal use only  Located in NW Ghana 8km from regional town of Wa (~50,000 people).  Good infrastructure, water, power, sealed airstrip  500km sealed road to Takoradi Port Kambale RC drilling May 2012  Potential to outline a world class graphite

27. Slide 27: Kambale Graphite Deposit - North West Ghana

    Kambale Graphite Deposit ‐ North West Ghana For personal use only Photograph of polished section of fresh sample flotation concentrate showing predominantly liberated flakes of grey graphite (100‐250 micron). 27

28. Slide 28: Akoko Project

    Akoko Project For personal use only  Ashanti Gold Belt  10km east of 2 Moz Salman Gold Project and 30km south of 22 Moz Tarkwa gold deposits  Resource grade at Akoko North increased by 37%  Akoko North hosts 1.1mt @ 2.2g/t gold for 77,400 ozs  Combined Resource estimate totals 103,300 ozs  Sco

29. Slide 29: Akoko Project

    Akoko Project For personal use only  Significant soil anomalism, extends for an aggregate 15 strike km and offers immediate new drill targets  Recent exploration Akoko East success along strike of Akoko East anomalies by competitors

30. Slide 30: Gold Resources - Akoko Project

    Gold Resources Akoko Project For personal use only Total resource of 1.7mt @ 1.9g/t gold for 103,300 Ozs Shallow oxide gold deposit 25km south of Tarkwa with compelling open pit economics Scoping studies at Akoko North captures 1.07mt @ 2.0g/t gold (68,000 ozs) Numerous exploration targets /soil ano

31. Slide 31: 2012/13 Key Objectives

    2012/13 Key Objectives For personal use only  Wa Project  Define maiden gold resources for Danyawu and Alpha, Bravo and Charlie mineralisation  Complete +40,000m of RAB drilling testing 26 separate targets (drilling commenced 1st November)  Continue regional scale exploration over untested areas

32. Slide 32: 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 ndia 4000 Zone 1,973,000 1 62,900 1,150,000 0.8 31,200 3,123,000

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