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June 2005
EUROGOLDLIMITED
(ACN 009 070 384)
ASX & AIM: EUG
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Overview
Focus on Eastern Europe (Romania & Ukraine)
Significant hard rock discoveries in both countries
Access to the only fully permitted CIL operation in Eastern Europe
Ability to exploit enormous State owned infrastructure
Dominate an emerging mineral province in the Carpathians
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UKRAINE
SLOVAKIA
SERBIA
ROMANIA
POLAND
HUNGARY
CZECH REPUBLIC
CROATIA
BOSNIA
AUSTRIA
SLOVENIA
GERMANY
Black
Sea
Saulyak
Beregove
TransgoldBaia MareCIL Plant
Bucharest
Bratislava
Budapest
L'viv
Prague
Vienna
EUROGOLD
LIMITED
Adriatic
Sea
Rosia Montana
+10Moz
0km100km 200km 300km
UKRAINE
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Romanian CIL 2.5 Mtpa plant built in 1998 at a cost of US$28m (Replacement cost US$40m)
Pre-emptive rights to remaining 50%
Romanian entry into the EU planned for 2007 – shutdown of State owned enterprises
Hard rock resources
Romanian North West Corridor – a repeat of the Kalgoorlie experience Tailings
Romania - Transgold
Eurogold 50%
Remin (State Mining Company) 45%
Other State Romanian Shareholders
5%
100%
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Exploration
Prospectivity of the Carpathians
Underexplored, yet still hosts a number of large discoveries
One of the global exploration "hot spots"
Ground holding in excess of 400 sq kms
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North West Corridor
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June 11 Prospect
11 kms from Transgold Plant
1.2m tonnes @ 2.5 g/t Au (Non-Jorc)
Historical production of 1.5m tonnes @ 3.5 g/t Au
Open Pit with nominal stripping ratio
Nominal Stripping Ratio
Good CIL Recoveries
Open to the North and South
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Sofia Prospect
5 kms from Transgold Plant
Historical production of 3.5m tonnes @ 5 g/t Au
In exess of 10 kms of underground workings
Underground sampling grade of up to 12 g/t Au
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TERTIARY VOLCANICS
EXPLORER & TRANSGOLD TENEMENTS
RIVER
RAILWAY
GEOLOGICAL LINEAMENTS
NATIONAL BORDER
GOLD DEPOSIT/OCCURRENCE
LOCATION OF RESOURCESAND REGIONAL INFRASTRUCTUREIN THE NORTHERN CARPATHIANS
LEGEND
0 km 10 km 20 km 40 km
HUNGARY
ROMANIA
UKRAINE
Railway
Railway
Railway
SATUMARE
BAIA MARE
TransgoldTreatment
Plant
Beregove/MuzhievoMining District
SaulyakGold Deposit
SIGHETUMARMATIEI
Somes River
Tisza River
EUROGOLDLIMITED
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Infrastructure & Sunk Costs
Romania Rail discharge facility linking feed bins (State owned)
6 SAG-Ball Mill Units each capable of treating 300,000 tpa (State owned) 2.5 Mtpa CIL Facility (Transgold - 50% EUG) 9 km pipeline and thickener (Transgold – 50 % EUG)
Ukraine 9 kms underground tunnelling at Saulyak
Existing rail line in excess of 100 kms linking both operations
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Ukraine
Saulyak (EUG 100%)
2.1m tonnes @ 8.4 g/t Au (578,000 oz) soviet C1 C2 category
Plant and mine linked by existing rail network
No existing workforce
9 kms of underground development work
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Plan of Saulyak Deposit
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Schematic Cross Section Saulyak
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Saulyak Mine Model
498m level portal
468m level portal
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Saulyak Mine Model
Trench Marble
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Saulyak Mine Model
Footwall Marble
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Saulyak Mine Model
Mineralization > 1g/t
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Saulyak Mine Model
Extended Mineralization
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Saulyak Mine Model
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Corporate Directory
1) Issued Shares: 247,679,494 (fully diluted)
2) Board of Directors: Peter GunzburgDennis FranksBrett MontgomeryNeil MacLachlanChris Barker
3) Major Shareholders: Oxus Gold Plc 20%Peter Gunzburg 12%
Chris Barker 12% 4) Dual Listed: ASX/AIM
Code “EUG”