“StrategicGoldConcessionsinGhana’sAshan5Belt ... - Castle Peak Mining.pdf ·...

TSX.V: CAP | castlepeakmining.com

“Strategic Gold Concessions in Ghana’s Ashan5 Belt” Corporate Presenta5on – June 2011


Forward Looking Statements

2

The informa5on contained in this presenta5on is provided by Castle Peak Mining Ltd. (“Castle Peak” or the “Company”) for informa5onal purposes only and does not cons5tute an offer to issue or arrange to issue, or the solicita5on of an offer to issue, securi5es of Castle Peak or other financial products. The informa5on contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The views, opinions and advice provided in this presenta5on reflect those of the individual presenters, and are provided for informa5on purposes only. The presenta5on has been prepared without taking into account the investment objec5ves, financial situa5on or par5cular needs of any par5cular person. No representa5on or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the informa5on, opinions and conclusions in this presenta5on. To the maximum extent permiTed by law, none of Castle Peak nor its directors, officers, employees or agents, nor any other person accepts any liability, including, without limita5on, any liability arising out of fault or negligence, for any loss arising from the use of the informa5on contained in this presenta5on. Except for statements of historical fact, this presentaDon contains certain “forward-‐looking informaDon” and "forward-‐looking statements” within the meaning of applicable securiDes laws. Forward-‐looking statements and informaDon are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anDcipate”, “esDmate” and other similar words, or statements that certain events or condiDons “may” or “will” occur and include, but are not limited to, statements with respect to the Dming and amount of esDmated future exploraDon, success of exploraDon acDviDes, expenditures, permiPng, and requirements for addiDonal capital and access to data. Forward-‐looking statements involve known and unknown risks, uncertainDes and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-‐looking statements. Such factors include, among others, risks related to actual results of current exploraDon acDviDes; changes in project parameters as plans conDnue to be refined; the ability to enter into joint ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents, labour disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals or financing, as well as those risk factors idenDfied in the Company’s filing statement filed under the Company’s profile on SEDAR. Castle Peak undertakes no obligaDon to update forward-‐looking informaDon if circumstances or management’s esDmates or opinions should change except as required by law. The reader is cauDoned not to place undue reliance on forward-‐looking statements. Castle Peak’s disclosure of technical informaDon in this presentaDon has been reviewed and approved by Darren Lindsay, P. Geo., Castle Peak’s President and CEO, who serves as a Qualified Person under the definiDon of NaDonal Instrument 43-‐101. Joe Amanor and John Coates of SEMS ExploraDon Services Ltd. in Accra, Ghana have reviewed the technical informaDon in this presentaDon and served as Qualified Person’s for the Castle Peak exploraDon program. Castle Peak Mining’s properDes are early stage exploraDon properDes and do not contain any mineral resources as defined by NaDonal Instrument 43-‐101.


Investment Highlights

•  Reputable management team with established relaDonships with local officials

•  Located in poliDcally stable, mining friendly jurisdicDon

•  Large land posiDon adjacent to producing gold mines in Ghana’s AshanD belt

•  Favourable infrastructure

•  Quality projects and a systemaDc value creaDng exploraDon strategy to uncover abundant resource potenDal

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Canadian-‐based exploraDon and development company focused on advancing greenfield and early stage gold projects.


Financing & Share Structure

4

Issued and outstanding common shares 45,357,143

Warrants 12,048,241

Stock OpDons 3,800,000

Fully Diluted (35% insider ownership) 61,205,384

March 4, 2011 – CPC qualifying transac5on completed concurrent with private placement

•  Total raised $8,000,000 •  22,857,843 units @ $0.35/unit •  one unit includes one common share and

one-‐half of one share purchase warrant •  whole share purchase warrant enDtles

common share at $0.50 for 12 months

Cri5cal Capital 10% Brokered

Private Placement

12%

Non-‐brokered Private

Placement 39%

Castle Peak 2006 -‐

Shareholders 19%

Castle Peak 2006 -‐

Founders 20%


Trading History

5

Key Points

•  Commenced trading on TSX Venture Exchange March 9, 2011

•  Currently 9,890,798 free trading shares

•  32,747,941 shares will be free trading as at July 5, 2011 following 4-‐month hold period

$0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60

Price

0 200000 400000

Volume


Reputable Management Team Darren Lindsay, BSc, PGeo – President & Chief Execu5ve Officer Registered geoscienDst with 15 years internaDonal experience; key player in developing the mulD-‐million ounce Hope Bay gold deposits with Miramar Mining and later Newmont Mining; prior experience with BHP Minerals, Inmet Mining, and Kodiak ExploraDon.

Paula Rogers, CA -‐ Chief Financial Officer Chartered Accountant with 15 years internaDonal experience; Corporate Treasurer with Wheaton River Minerals before becoming Vice-‐President, Treasurer with Goldcorp; prior experience with Finning InternaDonal and Deloise and Touche

Henry Nii Nai Sowah, BSc, MBA – Explora5on Manager NaDve Ghanaian with more than eight years experience in mining, three with Castle Peak properDes, three with Etruscan Resources , student with AshanD GoldFields

Giovanna Mar5no – Corporate Secretary 15 years experience with Nortec Minerals, FronDer Pacific , law firm Holmes Greenslade

Marlo Hamer-‐Jackson – Investor Rela5ons Manager 10 years experience in corporate relaDons with Placer Dome, Goldcorp, Ventana Gold Corp.

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Board of Directors

Brian Lock (Chairman) -‐ 30 years experience in mining; founder of Proton InternaDonal Engineering Corp., devoted to development of junior mining projects; EVP of FronDer Pacific Mining CorporaDon since early 2006 unDl Eldorado Gold’s takeover in July 2008; currently Director of Scorpio Gold CorporaDon and Canaco Resources Inc.

Randy Smallwood -‐ Founding member and current President and CEO of Silver Wheaton Corp.; geological engineer with original Wheaton River Minerals who played instrumental part in 2005 merger with Goldcorp into one of the largest, most profitable gold companies in the world; former Director of Ventana Gold Corp., current Director of Canaco Resources Inc., Geologix ExploraDons Inc. and Riva Gold CorporaDon.

Peter J. Hawley -‐ Chairman, CEO and Director of Scorpio Mining CorporaDon; CEO, President and Director of Scorpio Gold CorporaDon; Director of Maxtech Ventures Inc.; and Director of Abitex Resources Inc.

Darren Lindsay – Castle Peak President & CEO

Randal Gindi -‐ Founding shareholder

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Advisory Commisee

Andrew Lee Smith, BSc, PGeo More than 20 years experience in exploring, developing and operaDng North American base and precious metal mining and gem projects. Currently President and CEO of Canaco Resources, previously VP, ExploraDon with Aurizon Mines, and co-‐founder of True North Gems.

Dr. David Groves Emeritus Professor at the Centre for ExploraDon TargeDng, previously Professor of Economic Geology and Director of University Western Australia's Centre for Global Metallogeny. Received nine medals for his research over his career, and just recently received the presDgious Penrose Gold Medal of the Society of Economic Geologists.

David Parsons, CGA More than 20 years experience in the mining industry as Controller, CFO and Director of mining companies. Currently Vice-‐President, Insurance with Goldcorp Inc. awer helping to execute the acquisiDon of Wheaton River Minerals and merger with Goldcorp.

David Smalley, LL.B. More than 16 years experience with public companies as founding Director and Legal Counsel for both CriDcal Capital CorporaDon and Castle Peak Mining Ltd., partner at Fraser and Company LLP, and current Director of Scorpio Gold Ltd. and Corporate Secretary of Canaco Resources Inc.

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Mining Friendly JurisdicDon

•  Stable governmental system since Ghana became a BriDsh colony

•  Rated an investment grade country •  Favourable mining and tax code •  Import taxaDon excluded on equipment

for foreign mining companies •  Excellent infrastructure and well trained

labour force available

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Ghana is now the second largest gold producer in Africa. Castle Peak’s Akorade project is located in southwest Ghana in the southern porDon of the AshanD volcanic belt.


West African Development -‐ 15 new mines in 5 years

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2005 2006 2007 2008 2009 2010

Loulo

Chirano

Wassa

370k

170k

200k

Ahafo

Gluelb 520k

85k

Taparko

Tasiast

100k

230k

Mana

Bonikro

Youga

HBB

130k

140k

70k

160k

Syama

Tabakoto

Kalsaka

Sabodala

250k

100k

60k

160k

Tongon

Essakane

Inata

265k

320k

100k

2011+ Pipeline Nzema

CAGP

Akyem

Bibiani

Esaase

Konongo

Massawa

Agbaou

Finkolo

New Liberty

120k

200k

500k

150k

200k

25k

?

?

?

?

Source: Perseus Mining Corporate PresentaDon – September 2010

Ghana

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Adjacent to Producers

There are currently eight producing gold mines and mulDple development projects in Ghana. Six of the eight producers and one near-‐term developer lie within 100 kilometres of Akorade, and account for more than 95 million ounces in gold reserves and resources.

1AngloGold AshanD Mineral Resource and Ore Reserve Report 2010 2 www.gsr.com 3 GoldFields Integrated Annual Report Mineral Resources & Mineral Reserves – April 2011 4 www.kinross.com 5 Newmont 2010 Reserves and Non-‐Reserve MineralizaDon 6 ww.adamusresources.com.au 7 Perseus Mining PresentaDon – May 2011 8 www.nobleminres.com.au

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Favourable Infrastructure

Castle Peak’s large land posiDon (~235 square kilometres) lies 20 kilometres south of the town of Tarkwa, a regional mining centre.

•  Takoradi-‐Tarkwa road runs through CAP properDes

•  Projects are on the naDonal power grid

•  Located between the mining centre of Tarkwa and the port city of Takoradi

•  Established mining infrastructure due to proximity to mulD-‐million ounce producers

1AngloGold AshanD Mineral Resource and Ore Reserve Report 2010 2 www.gsr.com 3 GoldFields Fiscal 2010 Annual Report 4 www.adamusresources.com.au

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Akorade Project

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•  Eight conDguous licenses known as Bonsaso, Dompem, POW, Enyinase, Asuogya, Ayiem, Nkwanta, and Kedadwen

•  Encompass ~235 square kilometres

•  90% ownership interest in Bonsaso; 100% interest in Dompem subject to a 2.5% NSR; 82.5% ownership interest in POW; 100% interest in Enyinase; and 95% interest in Nkwanta, Asuogya, Ayiem, and Kedadwen


Target GeneraDon -‐ Soil Anomalies

•  335 historical stream samples taken across complete land package to idenDfy key exploraDon areas

•  More than 12,355 historical soil samples on 200m x 50m grid completed

•  Largest anomaly 9500m x 1000m on Asuogya-‐Ayiem trend

•  Two to three strong anomalies per concession and many more moderate anomalies

•  Next steps: grid expansion samples for complete coverage of enDre land package

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Target GeneraDon – Auger/Trench

•  1,978 out of 10,000 planned auger samples taken to date to follow up on high priority soil anomalies

•  3,118 historical auger samples followed up on large Asuogya-‐Ayiem anomaly

•  691m historical trenching completed on POW (121m) and Bonsaso (570m)

•  Next steps: infill auger sampling 50m x 10m to idenDfy higher grade porDons of trends; potenDal trenching depending on arDsinal access

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Target GeneraDon -‐ POW Trench Results

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*Technical NI 43-‐101 report on POW completed Feb 2011


Target GeneraDon – Airborne Survey

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•  3,425 kilometre airborne survey program (VTEM, magneDcs, radiometrics) completed in May 2011

•  Analysis to be provided by end of Q2

•  Interpreted geology and structural maps to enhance target compilaDon

•  Next steps: targeted geological mapping based on geophysical interpretaDons to confirm and refine conceptual targets

Photo source: Geotech Airborne Ltd.


Phase I Drill Targets

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Four Phase I drill targets: Apankrah Mine, Nana Structures, Asuogya-‐Ayiem trend, and POW Main

1.  Apankrah Mine: 6 holes drilled – awaiDng results

2.  Nana Structures: currently being drilled

3.  Asuogya-‐Ayiem trend: next target

4.  POW Main: forestry permit received, access road now being built

TSX.V: CAP | castlepeakmining.com 18


ExploraDon Plans

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•  $4 M budget •  First phase: 7,500 metres on five drill targets on

Nkwanta, Asuogya-‐Ayiem, and POW •  Second phase: 11,000 metres based on first

phase drill results •  Aggressive target generaDon on Ayiem and

Kedadwen

Awer extensive evaluaDon of soil sample, stream sediment, auger drill and trench results, CAP plans to launch a two phased drill program on several idenDfied targets.


Value CreaDng Strategy

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Mission Statement:

Castle Peak is a junior mining company striving to idenDfy grassroots targets and under-‐valued gold assets in Ghana with the potenDal for advancing to near term development. The Company endeavours to operate in a safe and environmentally sound manner while conDnuing to develop working relaDonships with government officials and members of the local communiDes.

Next Steps:

•  Compile historical data to idenDfy quality targets by end of Q2

•  Refine exploraDon targets using trenching, mapping and geophysical interpretaDon throughout Q3

•  PrioriDze targets and conDnue aggressive drill evaluaDon program with the intenDon of developing a NI 43-‐101 compliant resource statement


Why Castle Peak?

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•  Reputable management team

•  Mining friendly jurisdicDon

•  Strategic land posiDon adjacent to several mulD-‐million ounce gold deposits in Ghana’s AshanD belt

•  Favourable infrastructure

•  Quality project with a substanDal grassroots database indicaDng high potenDal for discovery


Contact

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Corporate Office #510 – 999 West HasDngs Street Vancouver, BC V6C 2W2 Tel: 604.681.1466 Fax: 604.681.1404 Email: [email protected]

Ghana Office № 22 Third Close Airport ResidenDal Area Extension Accra, Ghana

Investor Rela5ons Marlo Hamer-‐Jackson Investor RelaDons Manager Tel: 604.681.1466 (ext. 235) Email: [email protected]

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