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Press Conference Jaipur, 21 st February 2007

Exploring for GOLD in India. Press Conference 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

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Press Conference Jaipur, 21 st February 2007

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

  2. 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 Jaipur, 21st February 2007

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

  4. 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: • 22nd Aug 2005 0.57 Moz (18 tonnes gold) • 8th Sept 2006 1.0 Moz (31 tonnes gold) • 3rd Oct 2006 1.74 Moz (54 tonnes gold) • Huge upside; but low grade deposit requiring specific expertise to explore and develop Jaipur, 21st February 2007

  5. 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. Jaipur, 21st February 2007

  6. 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 Jaipur, 21st February 2007

  7. Udaipur – our regional baseEarly morning on Lake Fateh SagarWater infrastructure built circa. 1678 by Maharana Jai Singh Jaipur, 21st February 2007

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

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

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

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

  12. N 0 m 500 m Resource Zones Plan View showing ancient workings Jaipur, 21st February 2007

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

  14. Some Images Jaipur, 21st February 2007

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

  16. BhukiaAncient Workings Panch Mahuri Delwara Jaipur, 21st February 2007

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

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

  19. 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) Jaipur, 21st February 2007

  20. Targets Bhukia • 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) Jaipur, 21st February 2007

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

  22. THE END? Jaipur, 21st February 2007

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