Going for Gold October 2013 1 Disclaimer This document may contain - - PowerPoint PPT Presentation

1

October 2013

Going for Gold

2 October 2013

Disclaimer

This document may contain statements that constitute “forward-looking statements”, including, but not limited to, statements relating to the implementation of strategic initiatives, and other statements relating to our future business development and economic performance. While these forward-looking statements represent our judgments and future expectations concerning the development of our business, a number of risks, uncertainties and other statutory requirements may render actual developments and results to differ materially from our expectations. These factors include, but are not limited to, (1) general market, macro-economic, governmental and regulatory trends, (2) movements in local and international securities markets, currency exchange rates and interest rates, (3) competitive pressures, (4) technology developments, (5) changes in the financial position or creditworthiness of our customers, obligors and counterparts, and changes in the developments in the markets in which they operate, (6) legislative developments, (7) management changes and changes to our business group structure and (8) other key factors that may adversely affect our business and financial model. We are not under any obligation to (and expressly disclaims any such obligations to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. The technical and financial information presented are best estimates of management and are not JORC or NI43-101 compliant unless otherwise stated. Investors are cautioned not to place undue reliance on this information and not rely solely on the information presented for purposes of making investment decisions. This material may not be reproduced, distributed or transmitted to any other person or incorporated in any way into another document or other material without the prior written consent of LionGold.

3 October 2013

Castlemaine Goldfields, Ballarat Mine Victoria, Australia

757,700 ounce Gold Resource at 2 tenements, 40-50,000 oz production target, 100%-owned

Signature Metals, Owere Mines, Konongo Ashanti Gold Belt, Ghana

1.47 million ounce Gold Resource, 77%-owned 1.47 million ounce Gold Resource, 76%-owned

Minera Nueva Vista, Amayapampa, Bolivia

1.28 million ounce Gold Resource including 787,300 Reserves, 100% owned

Citigold Corporation, Charters Towers, Queensland, Australia

11 million ounce Gold Resource, incl 620,000 Reserves,18%-owned

Unity Mining Tasmania & NSW, Australia

623,000 oz Gold Resource at 3 tenements, incl 354,000 Reserves, 50,000 oz production, 13% owned

Projects in the Americas, Africa, Australia

Acadian Mining Corporation Nova Scotia Goldfields Canada

1.33 million ounce Gold Resource at Fifteen Mile Stream & Beaver Dam, 100% owned Arrangement with SOE SINOMA Group’s CBMI Construction

Key Mining Assets…Today

• 7.0 million ounces Gold Resources since March 2012 1

281,000 Gold Resource 15% owned

A1 Consolidated Gold Victoria, Australia

4 October 2013

Company Project Resources

(ounces)

Reserves

(ounces) Early stage Exploration Advanced Exploration Feasibility Development Production Castlemaine Goldfields 100% Ballarat 71,700

• Castlemaine

686,000

• Minera Nueva Vista

100%

Amayapampa 1,280,000 737,300 Acadian Mining

100%

Beaver Dam 950,000

• Fifteen Mile Stream

383,000

• Signature Metals

77%

Konongo 1,470,000

• Brimestone Resources

100% Penny’s Find 52,300

• Citigold Corporation

18%

Charters Towers 2,120,400 110,000 Unity Mining

13%

Henty 296,000 121,000 Darques Reef 327,000 233,000 A1 Consolidated Gold 15% A1 Gold Mine 281,200

• LionGold Project Pipeline
• Progressing existing projects

Production figures represent annualised targets. Figures are extracted from previous JORC- and NI43-101-compliant announcements. Resources include Reserves. For Projects in which LionGold has a controlling stake, the Resources and Reserves are based on 100% of the Project’s holding. For Citigold Corporation, Resources and Reserves are based on LionGold’s 18% equitable holding of the Charters Towers Project’s 11 million ounces of gold Resources, inclusive of 620,000 ounces of Reserves.Take over of 5% of A1’s share capital is subject to approval by A1 shareholders and regulatory agencies.

Production 40-50,000 oz pa Exploration on-going Infrastructure & mine development Production 2015: 19,000 oz pa 2018: 85,000 oz pa Scoping study end 2013 Production potential 2017 Scoping study completion end 2013 Exploration on-going New operations management in place Exploration on-going Production 50,000 oz pa Production 2015: 50,000 oz pa Production 2014/2015: 35,000 oz pa

5 October 2013

Geographically diversified

• Risk management

Developed – 42%

• Stable business environment
• Infrastructure, skilled labour, funding
• Can be high-cost

Australia, Canada

• Established mining industry
• Excellent skills-base
• Many junior miners
• Preference for friendly / developed jurisdictions
• Increasing opportunities for regional consolidation

No geographic limitations, but -

Friendly Emerging – 21%

• Bigger opportunities
• Lower entry cost

Ghana, Ashanti Gold Belt

• Stable, foreign-friendly
• Established gold industry
• Highly prospective, scalable

“Challenging” – 18%

• Good value

Bolivia

• Relationships key

Profile by Resource Ounces “De-risking”

Developed Friendly Emerging

“Challenging”

Canada

19%

Australia 57% Ghana 33% Bolivia 5% Canada 5% Australia 42% Ghana 21% Bolivia 18% Canada 19%

Investment Resource

6 October 2013

v

Exploration

FY2012

FY2013

FY2014

Non-core business divestment begins Indices inclusion Project screening

Fund-raising for gold business – S$100m Institutionalisation

• f shareholder base

Unity Mining

Ounces- in-the-Ground

Signature Metals Castlemaine Goldfields Brimstone Resources Citigold Corp Minera Nueva Vista Acadian Mining

New shareholders Business review Proposed change of core business to precious metals

FY2011

Production

Acquisition Focus

–Today‒

Resources

7.0m oz

Reserves

0.9m oz

Production

40-50,000 oz

~

8 Projects 4 Countries

A1 Gold Mine Ore processing agreement CBMI MOU Team-building Business integration

Acadian Mining

18% 13% 100% 9%

Fast-tracking growth

• Response to improved acquisition opportunities

A1 Consolidated

15%

7 October 2013

LionGold Corp

• Going for Gold

Dynamic, Expanding Operations

• Initial growth acquisition-led,

value accretive

• 7.0 million oz acquired from FY2013
• eight total, wholly-owned in production
• S$210 million value, <US$30 per oz
• Production focus going forward
• Target raised to 200,000 vs 120,000 oz
• Growing opportunity: regional consolidation

2 4 6 8 10

Current FY2013 FY2012 FY2011

Reserve

Resource

Target end 2014 Resource & Reserves (million ounces) 50 100 150 200 Current FY2013 FY2012 FY2011 Production (‘000 ounces annualised) Target end 2014

FY2011 FY2012 FY2013 Current Reserves Resource FY2012 FY2011 FY2013 Current

8 October 2013 Technical Committee Audit Committee Remuneration Committee Nomination Committee

Signature Metals

77%

Castlemaine Goldfields

100% 100% 18%

Citigold Corporation

Operations

Brimstone Resources

Owere Mines

70%

Minera Nueva Vista

100%

Board of Directors

LionGold Corp Ltd

Investment

Tan Sri Dato’ Nik Ibrahim Kamil

Non-Executive Chairman Over 45 years managerial and business experience across a range of industries, including mining, media, financial, energy and infrastructure. Asiasons WFG Financial Chairman. Actively involved in resource M&A in Asia and Africa and banking in sub-Saharan Africa. Professionally qualified accountant with affiliations in the UK, Australia and Malaysia with experience in Australia, Southeast Asia and South Africa. Twenty years of legal practice with a broad range of experience ranging from litigation and conveyance to corporate and commercial matters. Accountant with extensive experience in project development, finance and business development throughout Asia.

Nicholas Ng

Chief Executive Officer & Managing Director

Raymond Tan

General Counsel & Executive Director

Dato’ Md Wira Dani Abdul Daim

Non-Executive Director

Roland Selvanayagam

Independent Non-Exec Director

Dr Denis Clarke

Independent Non-Executive Director

Gary Scanlan

Independent Non-Executive Director

Lynne Ng Su Ling

Independent Non-Executive Director

Bernard Soo

Independent Non-Executive Director Former CEO of DMG Partners and MD of Citicorp Investment Bank, Singapore. Previously head of Asia investment banking at Rabobank. Over 30 years legal experience including 15 years with Robert Wang & Woo LLP where he was Partner and Head of the Corporate & Commercial Department. Over 40 years experience in senior technical, financial and management roles in the mining industry globally, including with Rio Tinto and Plutonic. Ten years with PwC, followed by more than two decades evaluating, developing, financing and administrating mining projects globally.

Acadian Mining Corporation

100%

Unity Mining

13%

Group Structure

• As at October 2013

A1 Consolidated

15%

9 October 2013

CEO & MD

Nicholas Ng

Board of Directors

General Counsel

Raymond Tan

COO

Matthew Gill

• Also Executive Director and

Company Secretary.

• Provided legal advisory to

LionGold since 2007.

• Over 30 years legal experience

including 15 years with Robert Wang & Woo LLP, where he was Partner, and Head of the Corporate & Commercial Department.

• 19 years in investment

banking and corporate advisory in Asia-Pacific.

• Former Corporate Finance,

Co-Head for DMG Partners and Corporate Finance Head for HL Bank.

• Former CFO of SGX-listed

Darco Water Technologies.

• Mining engineer with over 30

years experience in all aspects

• f exploration and mining in

Australia, India and Papua New Guinea.

• Turned around Ballarat Mine

for Castlemaine and the Beaconsfield Mine, Tasmania.

• Australian Mine Manager of the

Year for 3 consecutive years.

• 17 years as a corporate lawyer,

including acting as general legal counsel for public-listed companies.

• 8 years actively involved in the

setting up of iron ore and gold mining operations around the world, from Mali to Mongolia.

• Spearheading LionGold’s

M&A effort globally.

• 29 years in financial markets.
• Former CEO of DMG Partners, and MD
• f Citicorp Investment Bank, Singapore.

Previous Head of Asia Investment Banking at Rabobank.

• Concluded numerous IPO, M&A,

privatisations and other financial transactions in Asia-Pacific.

CFO

Brendan Goh Corporate & Business Development Director

Peter Chen

• Audit Committee
• Remuneration Committee
• Nomination Committee
• Technical Committee

Corporate Finance and Legal Teams now in-house Global Technical Team

• Matthew Gill – Australia
• Andrew Lawry – Global Projects
• Chris Gbyl – West Africa
• Mike Clarke – Bolivia
• Pending – Canada

New Leadership Team

• Seasoned financial, legal & technical expertise

10 October 2013

Financial snapshot

• As at 30 June 2013

Austere budgeting, rigorous cost controls, standardised reporting

SGD’ million 30.06.2013 30.06.2012 Revenue 34.8 25.8 COGS (33.0) (22.2) Gross Profit 1.8 3.6 Total loss after tax (0.5) (7.2) Loss attributable to minority interests (3.1) (2.1) Gain/(loss) for the period attributable to equity holders of the company 2.6 (5.1) SGD’ million 30.06.2013 30.06.2012 Current assets 126.0 131.3 Non-current assets 252.0 257.2 Total Assets 378.0 288.4 Current liabilities 46.9 45.4 Non-current liabilities 72.6 66.6 Total Liabilities 119.5 112.1 Net Assets 258.4 276.3 Gold operational update Q2 FY2014 Q1 FY2014 Gold produced (ounces) 13,845 9,431 Operating cash cost A$666 A$807 All-in cost A$1,055 A$1,210

11 October 2013

Operating Objectives

• Balance & Prioritise

Mine Profile

Resource expansion Reserve replacement Production rising, reliable Increasing Life of Mine

Prioritise

Community Environment, Health, Safety Education & Training P r o d u c t i o n E f f i c i e n c y

12 October 2013

End Production

Exploration

Targeting the “Sweet Spot”

• Producing / near-producing assets

Mining Project Life Cycle

Pre- Feasibility Scoping Study Feasibility Study

Extension

Value Risk

5-10% 10-20% Brownfields Greenfields

Indicative Capital Allocation

70-85%

Maximise Value, Mitigate Risk

Development Production

13 October 2013

Acquisition Strategy: Tweaked

• Targeting scalable production

Better opportunities from April 2013

• Accelerated streamlining by gold majors
• Divestment of non-core assets
• Realistic valuation expectations by juniors
• More favorable environment for negotiation,

cost-cutting, capital discipline

• Gold production 50-100,000 oz pa
• or clear path to ramp-up, 6-12mos
• > 1 millionoz gold Resource
• inclusive of established reserve base
• 5 years+ life-of-mine
• Organic cashflow growth
• < US$1200 per ounce production cost
• Strong working capital position
• Up to US$100 million investment
• SGX-listed
• De-risking of assets
• Geographic
• Funding access
• Lower dilution risk
• Broader opportunities
• Bigger, global group

LGC ALLURE SCREENING

Gold producers globally

14 October 2013

Results delivered

• and going forward



Project Acquired

Castlemaine Goldfields (100%) Signature Metals (77%) Minera Nueva Vista (100%) Brimstone Resources (100%) Acadian Mining (100%)

Acquire “Gold in the Ground”

FY2013 FY2014 Dec 2014

Divest Green Businesses

Expanded Funding Options CBMI Construction MOU

Acquire Producing Assets

10 millionoz Resource 2 millionoz Reserve 200,000 oz pa Production 5 year Life of Mine

Ongoing Initiatives

Shareholder Return Minimise Volatility Raise Transparency Mitigate Balance Sheet Risk

Strategic Investments

Citigold Corporation (18%) Unity Mining (13%)

Global Gold Co

Integrate resources Fortify team, alliances

Organic production growth

Divest China Business

Strategic Investments

A1 Consolidated Gold (15%)

15 October 2013

Company Name Country of listing Market Cap (US$/M) Enterprise Value (US$/M) Resource (Au Moz) EV/ Resource Operations CNMC SGX 75 74 0.50 148 Malaysia, Sokor in production G-Resources HKSE 765 780 8.10 96 Indonesia, Martabe, in production Zhaojin Mining HKSE 2,492 3,795 22.20 171 Projects in China, in production China Gold HKSE 1,080 1,308 8.10 161 Projects in Tibet, Inner Mongolia, in production Zijin Mining HKSE 8,027 11,789 44.80 263 Projects in China, in production LingBao Gold HKSE 170 794 3.00 265 Projects in China, in production Zhongjin Gold SSE 4,629 5,493 15.00 366 Projects in China, in production Shandong Gold SSE 5,069 5,969 11.00 543 Projects in China, in production Median Valuation 1,786 2,551 9.55 217 LionGold Corp SGX 139 116 7.00 17 8 Projects: Australia, Ghana, Bolivia and Canada

Global Gold Co listed in Asia

• vs single-project / country focus

10 October 2013

16 October 2013

Gold supply / demand dynamics

• Driven by emerging market consumption

7%

ETF 9% Tech 12% Central Bank

72%

Consumer

Source: Thomson Reuters GFMS, World Gold Council

Gold Supply

1990 2008 2013E (600) 600 Source: CPM Group Tonnes

Recycled Mined

36% 64%

Source: Thomson Reuters GFMS, World Gold Council 2000 4000 6000 8000 10000 United Kingdom Switzerland Netherlands France Italy Germany USA Thailand Indonesia Taiwan South Korea Japan India China Source: World Gold Council

Emerging & Japan

3,401 tonnes 2.6% of total reserves

US & Europe

18,384 tonnes 59% of total reserves

Gold Demand World Gold Market 2012: 4,405 tonnes

Jewellery Demand

Bar & Coin Demand

Central Bank Reserves

Central Banks

Net Buyers from 2008

Tonnes Tonnes Source: World Gold Council

• f

• f

17 October 2013

18 October 2013

Castlemaine Goldfields Limited

• High grade nuggety ore

Excellent facilities in established gold region, central Victoria, Australia

• Five concessions in total with JORC Resources in Ballarat

(producing) and Castlemaine

• Ballarat Mine production target 40-50,000 oz
• Life of mine + production enhancement
• 150,000 tpa ore processing agreement with A1 Gold Mine
• Share of gold revenues from A1 Gold Mine
• Toll treatment rate per tonne of ore processed

Resource Gold (ounces) Tonnage (tonnes) Grade (g/t) Castlemaine 686,000 2,760,000 7.7 Ballarat 71,700 263,000 8.5 Total 757,700

Figures indicate historical gold production at Castlemaine Goldfields’ five tenements

100% owned by LionGold from October 2012 Figures shown are based on previously quoted JORC-compliant statements

Ore processing capacity of 600,000 tpa

Castlemaine Goldfields’ Tenements

Gold operational update Q2 FY2014 Q1 FY2014 Gold produced (ounces) 13,845 9,431 Operating cash cost A$666 A$807 All-in cost A$1,055 A$1,210

19 October 2013

Flagship Owere Mines (70% owned) holds The Konongo Gold Project, Ghana

• 192 km2 concession in Ashanti Gold Belt
• 16 known gold deposits, 12 km strike
• 80 km along strike from Ashanti AngloGold’s

>200,000 ounce pa, 30 million ounce Obuasi mine

• Substantial untapped high-grade UG potential
• Historic production of 1.6 million ounces

at 11.8 grams per tonne, mostly from UG

• Scoping study completion planned end 2013
• Exploration on-going, ramped up in Feb 2013

Signature Metals Limited

• Prioritising exploration targets

Konongo Gold Project

Resources1 Gold

(ounces)

Tonnage

(tonnes)

Grade

(g/t)

Measured & Indicated 779,600 13,100,000 1.9 Inferred 687,100 10,500,000 2.0 Total 1,466,700

77% owned by LionGold as at April 2012 and listed on the ASX. Figures shown are based on previously quoted JORC-compliant statements.

Konongo Gold Project

20 October 2013

Minera Nueva Vista S.A.

• Infrastructure development underway

Amayapampa Project

Bustillo Province, Bolivia

• Resources of 1.28m oz, inclusive of 787,000 Reserves
• NI 43-101 compliant
• Owns the rights to overlapping concessions totaling

34 km2, located 290 km southeast of La Paz

• Excellent management team in place
• “Starter pit” phase 1, 19,000 ounces annualised 2015
• Review phase 2 for 95,000 ounce open pit mine

Amayapampa

Category Gold

(ounces)

Tonnage

(tonnes)

Grade

(g/t)

Reserves Probable 787,300 18,900,000 1.3 Resources Indicated 979,637 26,160,000 1.2 Inferred 300,363 8,750,000 1.1 Total Resources 1,280,000

100% owned by LionGold from December 2012. Resource is inclusive of Ore Reserves. Figures based on previously quoted NI43-101-compliant statements

21 October 2013

Acadian Mining Corporation Limited

• 9% strategic stake; takeover offer pending

Nova Scotia Projects

Canadian tenements in Nova Scotia

• Under-explored gold-bearing province
• Limited modern exploration
• Scoping study for open pit underway
• Completion due end 2013
• Potential production 3 years thereafter
• Test mining options under consideration
• Attractive royalty portfolio
• Regional consolidation potential

TSX Venture-listed, 9.35% owned by LionGold from February 2013. Refer to www.acadianmining.com for NI43-101-compliant statements.

Property

Gold

(ounces)

Tonnage

(tonnes)

Grade

(g/t)

Beaver Dam Indicated 446,000 849,000 1.5 Inferred 504,000 972,000 1.5 Fifteen Mile Stream Indicated 383,000 561,000 1.6 TOTAL 1,333,000

22 October 2013

A1 Consolidated Gold

• 15% Strategic investment, alliance with Castlemaine Goldfields

Walhalla Goldfield, Victoria, Australia

• Advanced project ready for production
• Mine plan review has focused on the 1400 Stockwork zone

below the 1420 level

• Reported Mine inventory designed for 6 years at a peak

production rate of 150,000 tpa to December 2019

• Progressive increase in mining rate
• 150,000 tpa ore processing agreement with Castlemaine

Goldfields

• Share of gold revenues from A1 Gold Mine
• Toll treatment rate per tonne of ore processed

Resource Gold

(Ounces)

Tonnage

(tonnes)

Grade

(g/t)

Indicated 41,200 250,000 5.1 Inferred 240,000 1,170,000 8.4 Total 281,200 1,420,000 6.2

LionGold will subscribe to 20% of A1 shares in two tranches. The second tranche of the placement, which amounts to 5% of A1′s share capital, is subject to approval by A1 shareholders and regulatory agencies. Figures shown are based on previously quoted JORC-compliant statements

A1 Consolidated Golds’ Tenements

23 October 2013

Citigold Corporation Limited

• 18% strategic investment, single largest shareholder

Charters Towers Project

Charters Towers tenements near Townsville, Queensland

• “Australia’s highest grade gold field”
• 56 mineral holdings spanning >1,500 km2
• Significant Life of Mine potential, >10 years
• LionGold now with two board seats
• Ripe for review, revamp
• Secured A$100 million in funding mid-2013
• New operations management

ASX-listed, 18% owned by LionGold from December 2012.

Refer to www.citigold.com for JORC-compliant statements.

Indicated Resources includes Probable Reserves, and Inferred Resources includes Indicated Resources.

Charters Towers

Category

Gold

(ounces)

Tonnage

(tonnes)

Grade

(g/t)

Reserves Probable 620,000 2,500,000 7.7 Resources Indicated 780,000 3,200,000 7.6 Inferred 11,000,000 25,000,000 14

Ore processing capacity of 340,000 tpa

24 October 2013

Unity Mining Limited

• 13% strategic stake, single largest shareholder

Unity Mining, ASX-listed

• Australian gold resources totaling 731,000 oz
• Annualised production targeted to double by

year-end to 100,000 oz

• Cash of A$27.5 million as at 30 June 2013, no debt
• A$23 million revenue from the sale of 16,860 ounces of

gold in 3Q FY2013

Unity’s Primary Projects

13.2% owned by LionGold from May 2013, single largest shareholder

Project

Category Gold

(ounces)

Tonnage

(tonnes)

Grade

(g/t)

Henty

Reserves 121,000 780,000 5.3 Resources 296,000 2,060,000 5.1

Dargues Reef

Reserves 233,000 1,390,000 5.2 Resources 327,000 2,170,000 5.3

GoldStone Resources – 35%

• 3 West African exploration project, including a 602,000 ounce

Ghanaian gold project locate near LionGold’s Owere Mine

• London-listed

Henty Mine, northwest Tasmania – 100%

• Established mine, producing 50,000 oz per year
• Cash cost of A$979 per ounce, 5 year + LOM

Dargues Reef, NSW – 100%

• On target to produce 50,000 oz per year annualised by early

2014, based on recent announcements.

Figures shown are based on previously quoted JORC-compliant statements

25 October 2013

LionGold Corp Ltd

59 Mohamed Sultan Road Sultan Link 02-08 Singapore 238999 T: +65 6690 6860 F: +65 6690 6844 E: info@liongoldcorp.com www.liongoldcorp.com

Thank you

w w w . l i o n g o l d c o r p . c o m