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Jaipur, 21 st February 2007 Press Conference Jaipur, 21 st February 2007 Exploring for GOLD in India.

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Presentation on theme: "Jaipur, 21 st February 2007 Press Conference Jaipur, 21 st February 2007 Exploring for GOLD in India."— Presentation transcript:

1 Jaipur, 21 st February 2007 Press Conference Jaipur, 21 st February 2007 Exploring for GOLD in India

2 Jaipur, 21 st February 2007 The Company Indo Gold Limited is an Australian company based in Brisbane, Queensland Exploration for gold commenced +2 years ago in Rajasthan Plans for major investment I am here to announce the news of this gold find and plans for future investment We are also opening an office in Jaipur at Ganpati Plaza, and we are opening shortly an office in Udaipur Pleased to meet you for first time and hope for many more occasions in future

3 Jaipur, 21 st February 2007 Indo Gold Mines Pvt Ltd Indo Gold Limited 70% Metal Mining India Pvt Ltd 30% Indian JV Company

4 Jaipur, 21 st February 2007 Company Highlights 2+ years since start of drilling programmes No resources compliant to international standards (JORC) at outset We have moved rapidly to improve and increase the reportable Mineral Resources as such: –22 nd Aug Moz (18 tonnes gold) –8 th Sept Moz (31 tonnes gold) –3 rd Oct Moz (54 tonnes gold) Huge upside; but low grade deposit requiring specific expertise to explore and develop

5 Jaipur, 21 st February 2007 Benefits to Rajasthan Revenue to state exchequer via Royalties Direct & indirect jobs (over two thousand) Development of a region that is quite undeveloped Ancillary businesses – transportation, processing, engineering, excavation, etc.

6 Jaipur, 21 st February 2007 Why RAJASTHAN? Geology and landscape comparable to Australia Under-explored Comfortable with: –Government support for mining –Legal framework –Support from local communities –Rich heritage in Rajasthan, including a long history of mining, and wonderful people

7 Jaipur, 21 st February 2007 Udaipur – our regional base Early morning on Lake Fateh Sagar Water infrastructure built circa by Maharana Jai Singh

8 Jaipur, 21 st February 2007 Tenements 2,135 km² 2 RPs granted 2 RPs applied 1 PL applied, in process

9 Jaipur, 21 st February 2007 Bhukia Prospect - Soils & Resource Zones High-order soil anomaly, open IGLs soil sampling adds greater definition and discovers extensions Soil sampling continuing

10 Jaipur, 21 st February 2007 Mahi Zone 200 Level Mineral Resource Blocks

11 Jaipur, 21 st February 2007 Mahi Zone Section 6360 N Mineral Resource Blocks

12 Jaipur, 21 st February 2007 N 0 m500 m Resource Zones Plan View showing ancient workings

13 Jaipur, 21 st February 2007 N 0 m 500 m Bhukia Perspective Quickbird Satellite Image showing resource zones at surface

14 Jaipur, 21 st February 2007 Some Images

15 Jaipur, 21 st February 2007 Bhukia Gossan Samples Mahi Zone

16 Jaipur, 21 st February 2007 Bhukia Ancient Workings Panch Mahuri Delwara

17 Jaipur, 21 st February 2007 IGL Drilling at Panch Mahuri Zone at Mahi Zone

18 Jaipur, 21 st February 2007 Bhukia Mineralisation Pyrrhotite Rich, Mahi Zone

19 Jaipur, 21 st February 2007 Permitting Issues Environmental & Forestry approvals granted (first foreign company in Rajasthan) Pioneering project so we lead, but suffer the steep learning curve! Final approval of Prospecting Licence (PL) awaited; then we need to apply for Mining Lease (ML)

20 Jaipur, 21 st February 2007 Targets Drill-out to commence 2007 subject to permitting approvals 60,000 metres in first phase Budget is Rs 60 crore (A$20 million) Target +5 Mozs in Resources Conceptual project will require Rs 2000 crore (+A$500 million) Bhukia

21 Jaipur, 21 st February 2007 Indo Gold Limited Exciting new gold (copper) province in India Growth by own exploration Bhukia – a possible very large, future mining centre? FIRST WORLD CLASS gold mine in Rajasthan Thank you

22 Jaipur, 21 st February 2007 THE END?


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