Castle Minerals Limited ASX: CDT

Transcription

1 Castle Minerals Limited ASX: CDT Exploring the Largest Land Holding in Ghana AFRICA DOWNUNDER

2 Castle History and Overview» ASX listed (2006) gold explorer CDT» Ghana focused explorer» 2 greenfield gold discoveries (Julie West and Akoko) for 158,000 ounces» Largest Landholder in Ghana >12,000km 2» Four regional scale gold corridors identified» +40 targets drill ready and major RC drill program to commence in October (+30,000m) 1

3 Board and Key Management Michael Ivey - Chairman, MD & CEO Geologist, 25 years corporate, technical, exploration and mine development experience Former CEO of 300Koz pa Australian gold producer Gold Mining Journal Mining Executive of the Year Michael Ashforth - Non Executive Director Executive director of Macquarie Capital. Former MD of Gresham Advisory Partners and partner of Freehills. Member of the Takeovers Panel Campbell Ansell - Non Executive Director Chartered Accountant with long term involvement in resources sector having held numerous public, private & government board positions. Chairman of De Grey Mining Limited (ASX) Dennis Wilkins - Secretary Principal of DWCorporate that provides secretarial, advisory & corporate services to numerous ASX & TSX companies Michael Fowler - Exploration Manager Geologist, MSc Mineral Exploration (UWA), 25 years gold & gold copper experience in Australia, Africa and South America. Discovered >2Moz gold in Western Australia & Africa. Extensive technical and corporate experience Ed Mills - Supervising Geologist Ghana Geologist, with MSc from Rhodes University. Extensive exploration and mining experience in Ghana, DRC, Rwanda and Australia Paul Amoako-Atta - Ghana Representative and Consultant Geologist, formerly Ghana Geological Survey and Ghana Minerals Commission. Principal of Terrex Limited a Ghana Based geological consultancy 2

4 Castle Market Statistics Issued Shares 96m Options 10.2m Market Cap $38m Cash (September 2010) $6.7 m ~590 Shareholders % Issued Capital 1 Lujeta Pty Ltd 6.8% 2 Seamans Capital 6.8% 3 Yandal Investments Pty Ltd 6.3% 4 M Ivey Pty Ltd 5.4% 5 Henry Wiechecki 5.4% 6 Bridgelane Pty Ltd 5.2% 7 Bluestar Resources Limited 4.0% 8 Trans Traders Ltd 3.9% 9 ANZ Nominees Limited 2.9% 10 Twynam Agricultural Group Pty Ltd 2.7% 49.3% Tight Capital Structure Strong Shareholder Support Leveraged to exploration success Directors/Founders 23% 3

5 Project Locations» Largest land holder in Ghana» 6 exploration projects covering more than 12,000 sq km» Two gold discoveries in 2008» Focus on Akoko and Wa projects 4

6 Project Locations 5

7 Wa Project 12,000km 2 180km long, 80km wide acquired Nov 2007 Julie West defined 2009, 4.2g/t) 4 advanced regional exploration areas 1. Wa-Lawra Belt 2. South Wa 3. Julie west Jang 4. Kandia

8 Wa-Lawra Greenstone Belt 100km portion of Wa-Lawra greenstone belt South of 0.8Moz Kunche deposits 100km strike of Birimian greenstone never drilled Regional soil sampling underway 7

9 Wa South Wa Castle s Wa Project Batie West structure can be traced onto Castle ground for ~30km Initial sampling completed on 5km lines (250 line km) 30km granite/greenstone contact along Batie west structure 8

10 NE trending gold anomaly associated with granite Strong gold anomaly up to 1.2km wide over 5km strike. Associated with potential dilational zone on regional scale structure Strong gold anomaly - 2km wide zone > 100ppb gold Intersection of Batie West and NE trending structures Gold anomaly associated with interpreted dilational zone NNE trending gold anomaly up to 20km long NE trending gold anomaly associated with granite-greenstone contact 9

11 +10km zone aligned NW-SE below internal granite Infill sampling completed and assays pending 10,000m drill program proposed 10

12 Wa Batie West Castle s Wa Project Batie West structure can be traced onto Castle ground for >40km No previously known soil sampling Wa South soil anomalies (red) with hatching showing area of infill sampling currently underway 11

13 Wa Project Julie West 12

14 Kjersti Prospect Koda Hill Anomaly New gold anomalies for RC drill testing within Julie Jang exploration corridor Julie West 56 Koz 4.2g/t Julie Deposit 350 Koz m

15 Wa Project Julie West Strong new gold anomaly defined 1.2km long 14

16 Julie West Jang Trend Koda Hill 15

17 Wa Project Jang Fault Vacant ground (2,000km 2 ) pegged following Julie West discovery Sampled Dec km long trend of anomalous gold geochemistry exactly coincident with the position of the Jang Fault Infill soils planned to define drill targets 16

18 180km long, 30-80km wide acquired Nov 2007 Julie West discovered 2008, first resource 2009 New vein discovery March 2010 Batie West extension target first sampling 2010 Kandia 17

19 Kandia Prospect 18

20 Kandia Prospect 19

21 Kandia Prospect 20

22 Kandia Prospect Kandia Prospect Kandia workings on radiometric image showing granitic rocks (red) in contact with NE trending Birimian sediments, defining a +25km corridor for exploration Bisakan Prospect 10 Km 21

23 Kandia Prospect 22

24 Kandia Prospect Sediment hosted gold mineralisation provides potential for large tonnage gold deposit Good geological setting sediments near granite contact on strong structure Base metal association Nine well defined gold anomalies over +12km of strike 15,000m RC initial drill test Area of artisanal workings and RC drilling 23

25 Kandia Prospect Extensive artisanal gold workings discovered April 2010 Sediment hosted gold mineralisation confirmed at the site of the Kandia artisanal workings Infill sampling defines nine strong coherent anomalies over 12km of strike Soil response materially stronger than that seen at the site of the artisanal workings Detailed low level aeromagnetic survey flown in August data pending 15,000m RC drill program to commence October

26 Akoko 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 25

27 Akoko 102,000 ounce resource discovered by Castle in 2009 Mineralisation completely open 2010 drilling discovers extension and new east lode at Akoko North 26

28 Akoko North Extensive shallow oxide mineralisation up to 150m wide that offers obvious open cut opportunities Optimised Pit Shell 27

29 Akoko North Significant extension and new high grade east lode discovered Gold mineralisation for both these zones remains completely open to the south and at depth RC drilling was completed on 200m spaced lines south of the Akoko North resource and returned 4.94 g/t gold from 13m 29.2 g/t gold from 26m 5.89 g/t gold from 38m 3.52 g/t gold from 13m 47.8 g/t gold from 94m 28

30 Akoko North east lode 29

31 Summary Exploration ground is exceptional and largely unexplored Work has identified +40 drill ready targets at Kandia South Wa Julie West Jang Wa-Lawra Belt Akoko plus many more in the pipeline + 30,000m drilling proposed Cash reserves $6.7 million 30

32 Summary Exploration ground is exceptional and largely unexplored Work has identified +40 drill ready targets at Kandia South Wa Julie West Jang Wa-Lawra Belt Akoko plus many more in the pipeline + 30,000m drilling proposed Cash reserves $6.7 million 31

33 Targets acquired 32