Citigold Corporation Limited · ASX:CTO
Citigold — Non-Deal Roadshow (June 2005)
14 slides from Citigold's roadshow presentation, Jun 17, 2005
Slide 1: Citigold Corporation Announcement: Broker Presentation
Citigold Corporation ANNOUNCEMENT 17 June 2005 Broker Presentation For the information of the market, attached is a copy of the broker presentation that will be used during the Australian ‘roadshow’ being conducted by Mr Chris Towsey, Chief Operating Officer, Australia. The purpose of the presentati
Slide 2: Sleeping Giant Awakens: The Company
Sleeping Giant Awakens The Company 10 Moz • ASX Code ‘CTO’, listed since 1993 2nd Largest All Australian • Paid share capital $73.5m • Shares on issue - 458.5 m Gold Resource • Options, majority @ 15c, mature Dec 06, 13m ($1.9m) • Convert Notes (40c) mature March 2007, pay 12%, 4.2m Australia Roadsh
Slide 3: The Company and The Asset: Location
The Company The Asset Growth period approaching Charters Towers City – 10,000 people & infrastructure Two of the three ingredients to build a large and profitable gold mine business are in place and the third is close to completion – ; Own 10 Moz high grade gold deposit ; Professional management in
Slide 4: 10 Million Ounce Inferred Mineral Resource
The Asset The Asset 10 million ounce drilled Inferred Mineral Resource Areas bounding the 10 million ounces Drill Collar Locations 7784000 AREA TONNES GRADE OUNCES 7782000 g/t Au Brilliant Sunburst 7780000 Central Area CENTRAL 10 million 14 g/t 4 million CV 2 AMG Northing Towers Hill 7778000 Ruby So
Slide 5: Historical Mining Matches New Data; Ore Sorting
The Asset The Asset 40 years mining of 6.6 million ozs matches new data Dilution removed by ore sorting • At the historical mining cut- cut-off of 9 m.g/t Au, the average of Citigold’ Citigold’s Feed screened 272 significant drill intersections is 27 m.g/t Au, the same as the in- in- and washed situ
Slide 6: Drilled Structures and Historic Mines
The Asset The Asset Drilled structures – View of drill traces Sunburst area Yellow – 180 km of drives & produced 6.6 m/oz of gold Sunburst and Queen Citigold’s Decline ay Portal ilw Ra 4 kilometres 17 19 The Asset The Asset Future drilling expected to increase the gold resource Historic mines re-ope
Slide 7: Proven Operating Costs and Trial Mining
The Asset The Asset Proven operating costs & Citigold owned equipment Trial mining gold from ‘new’ high-grade gold reefs Washington Open Pit and Underground • 21 23 The Asset The Asset Surface infrastructure established and owned Areas mined by Citigold – 80 metres underground • • 22 24 11 12
Slide 8: Gold Extraction Plant and Mine Schedule
The Asset The Asset High grade gold reefs proven Gold extraction plant CIL owned and operated 9 Reef location proven by drilling to • 1,300 metres depth 9 Continuity of reef and grade proven by historical and current mining 9 Trial mining was a 38,000 oz bulk sample 9 Grades determined from drill gr
Slide 9: Funding for Development; Warrior Construction
Development Plan Development Plan Funding for development of the gold mines Warrior gold mine – Construction started • Warrior funded to date from normal annual share issues, approx. A$2 million invested. • Planned annual cash surplus of $7 million from Warrior. • Sunburst funded by $35 million capi
Slide 10: Warrior Gold Resource Drilling and Sections
Development Plan Development Plan Warrior gold resource – drilling Cross Section Warrior gold resource Cross section Looking West Blue < 1g/t Green 1-4 g/t Yellow 4-10 g/t Red >10 g/t Warrior long section showing Resource blocks, looking South 33 35 Development Plan Development Plan Warrior mine dec
Slide 11: Planned Mining Method and Sunburst Mine
Development Plan Development Plan Schematic of planned mining method Sunburst gold resource – No 2 mine Mining method Longhole open stoping 37 39 Development Plan Development Plan Sunburst Gold Mine – Mine 2 Sunburst mine high grade ore at 450 metres depth N 38 40 19 20
Slide 12: Operating Cash Costs and Project Risks
Development Plan Management Operating cash costs to international standards Project risks are carefully removed or controlled • Gold price A$561(US$434.75 @ 0.7751 as at 21 April 2005) • NO political & social risk – Australia ranks No 1 (lowest risk). • NO land risk – Mining Leases granted and exten
Slide 13: Share Value Upside; JORC Statement
Share Value Upside JORC Statement Assets foundation is on gold and future cash flow The following statements apply in respect of the Market capitalisation potential upside may be information in this report that relates to Exploration $50/oz of gold as a high grade and profitable Results, Mineral Res
Slide 14: Contact Details
Contact Details • Chris Towsey – Chief Operating Officer [email protected] • Garry Foord – General Manager Engineering [email protected] • Corporate office – 19 Lang Pde, Pde, Milton (Brisbane) Queensland • Telephone 07 3870 8000 • Facsimile 07 3870 8111 • Web site www.citigold.com 49 50 25