Growth Built on Gold. October 2008

Transcription

1 Growth Built on Gold October

2 1. Current Statistics Disclaimer Forward Looking Statements This presentation is intended to provide general information and is not intended to constitute legal, financial, accounting, tax, investment consulting or other professional advice or services. The information that is not about Citigold Corporation is collected from various sources, most of which do not guarantee or warrant correctness. Whilst the information has been collected with reasonable care, Citigold does not guarantee or give any warranty as to its correctness. Although the information has been obtained from sources considered and believed to be both reliable and accurate, no responsibility is accepted for any opinion expressed or for any error or omission in that information. Citigold shall not be liable for any special, direct, incidental, consequential or punitive damages or any other damages or loss whatsoever whether in an action of contract, statute, tort (including without limitation, negligence) or otherwise relating to the use of this presentation or information. The following statements apply in respect of the information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves: The information is based on, and accurately reflects, information compiled by Mr Christopher Alan John Towsey, who is a Corporate Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. He is a geologist and employed by Citigold as Chief Operating Officer. Mr Towsey has relevant experience in relation to the mineralisation being reported on to qualify as a Competent Person as defined in the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves. He has consented in writing to the inclusion in this report of the matters based on the information in the form and context in which it appears. 2

3 A Good Year Growth of Assets Assets (million dollars) $180 $160 $140 $120 $100 $80 $60 $40 $20 $ Year Corporate Costs, 3% Mine Admin, 7% Diam ond Drilling, 8% Revenue up $12 M Gold sales A$917 /oz Cash cost A$495 /oz Mine rate 16,000 oz/yr Mine Plan Process ing, 14% High Grade 11.7 g/t Transport, 3% Mining, 68% Funding for Growth 3

4 Growth Path $35 million Funding Deal Done 4 Growth Built on Gold

5 Contents Charters Towers Focus Australia s largest highgrade gold deposit 10 million ozs g/t Discovery upside 5

6 Easy to See Underground 6 ffff Growth Built on Gold

7 Deep Hole Follow progress down 2 km www. citigold. com 7

8 JORC Gold Over 1,850 holes Gold starts 120m deep Resource to Reserve upgrade underway 80% Target Conversion JORC Category TONNES GRADE g/t Contained ounces 23,000, ,000, , ,000 (a) Bonanza deposits are gold deposits over 10g/t within tonne that yield over 5 million ounces Probably Ore Reserves (contained 800,000 Indicated Mineral Resource ,000 Inferred Mineral Resources Indicated Mineral Resources (includes Probable Ore Reserve) 8 Full report visit click reports click technical

9 Bonanza Grade Gold Ore 2 75 g/t (2.4 oz/t) Growth Built on Gold 9

10 Mechanised Mining Citigold in ASX 300 Market Cap $185 25c Shares 736 M 10 No Bank Debt

11 Major Gold Plant 11

12 Gold = The Right Business 1. Cash costs budget A$350 /oz 2. Revenue budget A$900 /oz 3. Mine life over 30 years 4. Unhedged gold upside Est. Central Bank gold 37,000t in 65 to US$900/oz value only US$750 Billion All Gold ever mined = 20m deep Tennis Court 12

13 Value Differentiators Pouring Gold Long life Major gold plant Reserve growth 10 M/oz Resource Upside to 50 M/oz Single efficient mine Low operating cost Good infrastructure Growth Built on Gold 13

14 Growth Built on Gold for further information visit CTO 14 Thank you