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September 2013 Going for Gold
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Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

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Page 1: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

1September 2013

Going for Gold

Page 2: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

2September 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.

Page 3: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

3September 2013

LionGold Corp Ltd

Asia’s Own - Global Gold Company

SGX’s first Main Board-listedgold company

Market Capitalisation: S$1.56 billion / US$1.23 billion

Average Daily Trading Value:S$15-20 million / US$11-16 million

• MSCI Small Cap, Global + Singapore

• FTSE ST Mid Cap

• Market Vector Global Junior Gold Miners

• Supportive of global listings• New focus on resource stocks, gold

-- still a ‘unique’ investment option

• Active, diversifying investor base

Mid Cap

Liquid

Index

Inclusion

SGX-listed

Source: ShareInvestor 4 September 2013

Share price : S$1.690

52wk high/low : S$1.755/1.035

Shares in issue : 921.9m

Bloomberg : LIGO SP

Gold

Investments

Prioritising

Business

Index

Inclusion

Key

Acquisitions

New Inst’l

Shareholders

Warrant price : S$0.450

Warrants in issue : 265.2m

Bloomberg : R5UW SP

1:1 conversion at S$1.1717

Board, Shareholder

Changes

36% shareholder return in 2012

54% return ytd

Page 4: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

4September 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

Acadian Mining Corporation

Nova Scotia Goldfields Canada

1.33 million ounce Gold Resource at Fifteen Mile Stream & Beaver

Dam, takeover pending

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, incl620,000 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

1 - Assumes takeover of 100% of Acadian Mining Corporation.

Acquisition pending

Arrangement with SOE SINOMA Group’s

CBMI Construction

Key Mining Assets…Today- 6.8 million ounces Gold Resources since March 2012 1

Page 5: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

5September 2013

LionGold Corp- Going for Gold

Dynamic, Expanding Operations

• Initial growth acquisition-led,value accretive

• 6.8 million oz acquired from FY2013

- Seven total, two in production- S$165 million value, <US$20 per oz

• Production focus going forward

- Target raised to 200,000 vs 120,000 oz

- Growing opportunity: regional consolidation

Proactively managed project portfolio

Financial flexibility

Growth- 2-3 acquisitions pa

- Financial backing

- Operational support

► S$200 million private placement pending

► MOU with China SOE SINOMA’s CBMI

Value- 1 IPO pa

- Funding partners

- Low debt, dilution

Acquire scalable

miners at attractive

discounts

Augment

shareholder

returns

Focused investment strategy

Differentiated Business Platform

0 50 100 150 200

Current

FY2013

FY2012

FY2011

0 2 4 6 8 10

Current

FY2013

FY2012

FY2011

Reserve Resource

Targetend 2014

Resource & Reserves(million ounces)

Production(‘000 ounces annualised)

Targetend 2014

Page 6: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

6September 2013

Technical Committee

Audit CommitteeRemuneration Committee

Nomination Committee

SignatureMetals

77%

CastlemaineGoldfields

100%

100%

18%CitigoldCorporation

Operations

BrimstoneResources

OwereMines

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 NgChief Executive Officer & Managing Director

Raymond TanGeneral Counsel & Executive Director

Dato’ Md Wira DaniAbdul Daim

Non-Executive Director

RolandSelvanayagam

Independent Non-Exec Director

Dr Denis ClarkeIndependent

Non-Executive Director

Gary ScanlanIndependent

Non-Executive Director

Lynne Ng Su LingIndependent

Non-Executive Director

Bernard SooIndependent

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 MiningCorporation

100%

Unity Mining

13%

LionGold Corp currently holds 9% of Acadian Mining Corporation. A takeover offer for the remaining shares was made on 29 July 2013.

Group Structure- As at August 2013

Page 7: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

7September 2013

CEO & MDNicholas Ng

Board of Directors

General CounselRaymond Tan

COOMatthew 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 of 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 MDof 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.

CFOBrendan 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

Page 8: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

8September 2013

Shareholding Structure- Local HNW + Retail, Growing Institutional

Asian Institutional Investors

- Pension, mutual, sovereign

• Dedicated Singapore, Malaysia, ASEAN + commodity-focused funds

• Few investable metals / gold stocks, in Southeast Asia

Global Institutional Investors

- Boutique, Private Equity

• Diminished selection of mid-cap gold companies

• Few Asian-listed options

Retail Investors

- Singapore, Malaysia, HK/China

• Gold Bugs, news flow sensitive

• Limited investment options vs US, UK, Australia, Canada

• Private Equity vehicles: largely available only to HNW investors

Broadening Investor Base

Directors & Management11.7%

Asiasons Capital Ltd8.9%

Market Vector Junior Gold Miners ETF 6.1%

5 September 2013

SGX-listed private equity group

Institutional funds joined the shareholder roster following inclusion in various indices and via acquisitions, private placement, investment proxy to junior gold miners

Van Eck

Page 9: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

9September 2013

Balance Sheet Transformation- As at 30 June 2013

Assets

Current assets

Non-current assets

Total Assets

Current liabilities

Non-current

Total Liabilities

NET ASSETS

S$m

126.0

252.0

378.0

46.9

72.6

119.5

258.4

Financial Highlights FY2013

• Nearly 10-fold rise in Net Assets / S/Holder Equity- Consolidation of four gold mining subsidiaries

- Fund raising + shares issued for acquisition

1Q FY2014 Results

• Gold revenue of S$13.5m- 9,431 ounces of gold produced at a cash cost of A$807

per ounce, production cost of A$1,210 per ounce

• Gross profit of S$1.8m- Net profit S$2.6m vs S$5.1m net loss

• Debt gearing at 12%

• Cash and equivalents of S$23m

Austere budgeting, rigorous cost controls, standardised reporting

Page 10: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

10September 2013

Balance sheet fortification- Up to S$700 million+ at Group level

S$202 million Private Placement

• 180 million new shares at S$1.10907- and up to 135 million warrants at 2¢ each

• Three tranches- Equally subscribed by three private equity investors- 60 million new shares + 45 million new warrants

• Up to S$176 million raised on warrant conversion- 1:1 exchange, up to 36mos from issue at S$1.3555

• Completion Tranche 1 targeted by Oct-Nov 2013

Tranche 1

- 90 million shares + 45 million warrants

- Under Share Issue Mandate

Tranches 2 & 3

- 45 million shares + 45 million warrants

- Shareholder approval required

Proposed

Outstanding Convertibles

• Warrants – 2015

- 265.2 million warrants, SGX-listed

- Issued at 6.5¢ each, exercise price S$1.1717- 1:1 exchange into LionGold shares through Dec 2015- Up to S$316 million raised if all are converted

• Convertible bond – US$23 million- 9% coupon, due June 2015- Convertible into 24.8 million new LionGold shares

In-the-money

Project funding • Project finance• Contractor terms• Strategic partnerships

Under discussion

Private placement was proposed 14 August 2013. New shares issued will rank pari passu with existing shares.

• Private equity• Project IPO]CBMI

Relationship

Page 11: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

11September 2013

Exploration

FY2012

FY2013

FY2014

Non-core business divestment begins

Indices inclusion

Project screening

Fund-raising for gold

business – S$100m

Institutionalisation

of 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 corebusiness to precious metals

FY2011

Production

Acquisition

Focus

–Today‒

Resources6.8m oz

Reserves0.9m oz

Production40-50,000 oz

~

7 Projects

4 Countries

S$202m fund-raising Share + warrant issue

CBMI MOU

Team-building

Business integration

Acadian Mining

18%

13%

100%

9%

Proposed

Fast-tracking growth- Response to improved acquisition opportunities

Page 12: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

12September 2013

Only Global Gold Co listed in SE Asia- vs single-project / country focus

Company BourseMarket

Cap

Ave DlyTrading Volume

Resource Operations

LionGold CorpSGX

Main BoardUS$1.2b US$15m 6.8m oz Australia, Ghana,

Bolivia, Canada

CNMC GoldmineSGX

CatalistUS$80m US$1.2m 0.5m oz Malaysia, Sokor in production

G-Resources HSE US$786m US$4.4m 9m oz Indonesia, Martabe, in production

Zhaojin MiningHSE

H-ShareUS$2.8b US$10m 22m oz Projects in China, in production

China Gold,,,

HSE US$1.4b US$0.1m 8m oz Projects in China, in production

Zijin MiningHSE

H-ShareUS$8.3b US$6.7m 34m oz Projects in China, in production

Lingbao GoldHSE

H-ShareUS$180m US$0.1m 15m oz Projects in China, in production

China Precious Metals

HSE US$640m US$0.9m 7.5m ozProjects in China, Mongolia, in production

September 2013

Market cap and average daily trading volume has been approximated for the past 6 months based on Bloomberg data

LionGold gold resource includes 100% of Acadian Mining Corporation, the acquisition for which is pending

7 Projects [

Page 13: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

13September 2013

On track for 2014 target- 6.8 million gold ounces acquired in 18 months

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.

For Acadian Mining Corporation, LionGold currently holds 9% of the company. A takeover offer for the balance of the shares was made on 29 July 2013.

CompanyLGC

InterestCountry Project

Resources (ounces)

Reserves (ounces)

ProductionTarget

(ounces annualised)

Castlemaine Goldfields 100% AustraliaCastlemaine 686,000 ‒ Exploration

Ballarat 71,700 ‒ 40-50,000

Signature Metals 77% Ghana Konongo 1,470,000 ‒ Scoping study

Minera Nueva Vista 100% Bolivia Amayapampa 1,280,000 787,300 Development

Acadian Mining Corporation 100% CanadaBeaver Dam 950,000 ‒ Scoping study

Fifteen Mile Stream 383,000 ‒ Scoping study

Brimstone Resources 100% Australia Penny’s Find 52,300 ‒ Exploration

Citigold Corporation 18% Australia Charters Towers 1,946,000 110,000Late-stage

Development

Current 6,839,000 897,300 40-50,000

TARGET 2014 10,000,000 2,000,000 200,000

Unity Mining 13% AustraliaHenty Mine 296,000 121,000 50,000

Darques Reef 327,000 233,000 Development

Significant Shareholder

Page 14: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

14September 2013

Gold price volatility has created a window of opportunity to access to gold mining assets, including producing mines, at substantial discounts, as this sector consolidates

FY2014

Prospects

0

200

400

600

800

1000

1200

1400

1600

1800

2000

-100%

-50%

0%

50%

100%

150%

200%

250%

300%

350%

400%

450%

Gold Prices vs Junior Gold Miner Index5 September 2003 – 5 September 2013

Dow Jones North American Select Junior Miner Gold Total Return Index

Spot Price of Gold

CONSOLIDATEGold price volatility

Credit constraints

BOOMRising gold prices

Easy credit

Pe

rce

nta

ge

In

cre

as

eU

S$

pe

r ou

nc

e

Gold prices - 22%

Junior miners - 56%

LionGold’s expansion opportunity- Consolidation of a highly fragmented sector

Page 15: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

15September 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

Net Seller

Net Buyer

1990 2008 2013E

0

(600)

600

Source: CPM Group

To

nn

es

Recycled

Mined

36%

64%

Source: Thomson Reuters GFMS, World Gold Council0 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 & Japan3,401 tonnes

2.6% of total reserves

US & Europe18,384 tonnes

59% of total reserves

Gold Demand

World Gold Market 2012: 4,405 tonnes

Jewellery Demand

Bar & Coin DemandCentral Bank Reserves

Central BanksNet Buyers from 2008

To

nn

es

To

nn

es

Source: World Gold Council

0

100

200

300

400

500

600

700

Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13

India

GreaterChina

FarEast

MiddleEast/Turkey

RestofWorld

US

EuropeexCIS

0

100

200

300

400

500

600

Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13

India

GreaterChina

FarEast

MiddleEast/Turkey

RestofWorld

US

EuropeexCIS

Page 16: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

16September 2013

Acquisition Strategy: Tweaked- Targeting scalable production

• 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

LGC ALLURE

• Shares ≈ cash

• SGX-listed

• De-risking of assets

- Geographic

- Funding access

- Lower dilution risk

• Broader opportunities

- Bigger, global group

SCREENINGGold producers globally

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

Page 17: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

17September 2013

EndProduction

Exploration

Targeting the “Sweet Spot”- Producing / near-producing assets

Mining Project Life Cycle

Pre- FeasibilityScoping Study

Feasibility Study

Extension

Valu

e Ris

k

5-10% 10-20%

BrownfieldsGreenfields

Indicative Capital Allocation

70-85%

Maximise Value,

Mitigate Risk

Development

Production

Page 18: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

18September 2013

Geographically diversified- Risk management

Developed – 60% 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” – 19% Good value

Bolivia Relationships key

Profile by Resource Ounces

CTO

CGTBolivia19%

Ghana21%

BTM

“De-risking”Resource & Investment

Australia41%

Developed

Friendly Emerging “Challenging”

Canada19%

Page 19: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

19September 2013

Operating Objectives- Balance & Prioritise

Mine Profile

Resource expansion

Reserve replacement

Production rising, reliable

Increasing Life of Mine

PrioritiseCommunity

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

Page 20: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

20September 2013

Project Funding Objectives- Maximise Growth, Protect Shareholders + Balance Sheet

LGCMarket cap

~ US$1.2b

Grow• Bankable assets

• Gold production

• Fee income

Execution of 100 day +

2 year business plans

Fund• Listing of subsidiaries

• Project financing / alliances

• Venture capital

• Structured options

Mitigate equity dilution

Maintain strong balance sheet

InvestUndervalued gold interests

Issue of up to 20% of share capital per annum

Project

Development

Strategy

Self-fund

Grow market cap

• List cos

• Private Companies

• Assets

2-3 acquisitions yearly

CBMI Construction

MOU

Page 21: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

21September 2013

Results delivered- and going forward

Project AcquiredCastlemaine Goldfields (100%)

Signature Metals (77%)Minera Nueva Vista (100%)

Brimstone Resources (100%)

Acadian Mining (100% now pending)

Acquire

“Gold in the Ground”

FY2013 FY2014 Dec 2014

Divest Green Businesses

Expanded Funding OptionsCBMI Construction MOU

AcquireProducing Assets

10 millionoz Resource2 millionoz Reserve

200,000 oz pa Production

5 year Life of Mine

OngoingInitiatives

Shareholder Return

Minimise Volatility

Raise Transparency

Mitigate Balance Sheet Risk

Strategic Investments

Citigold Corporation (18%)

Unity Mining (13%)

GlobalGold Co

9% Shareholder ReturnJunior Miners -33%, Gold -5%

US$

45% Shareholder ReturnJunior Miners -43%, Gold -20%

US$ year-to-date

Integrate resourcesFortify team, alliances

New market opportunities

Organic production

growth

Divest China Business

Page 22: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

22September 2013

Page 23: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

23September 2013

Company Project Resources(ounces)

Reserves(ounces)

Castlemaine

Goldfields 100%

Ballarat 71,700 -

Castlemaine 686,000 -

Minera Nueva Vista100%

Amayapampa 1,280,000 737,300

Acadian Mining100%

Beaver Dam 950,000 -

Fifteen Mile Stream 383,000 -

Signature Metals77%

Konongo 1,470,000 -

Citigold Corporation18%

Charters Towers 1,946,000 110,000

Unity Mining13%

Henty 296,000 121,000

Darques Reef 327,000 233,000

Early Stage Exploration

Advanced Exploration

Feasibility Development

Production 40-50,000 oz pa

Exploration on-going

Infrastructure & mine developmentProduction 2015: 19,000 oz pa 2018: 85,000 oz pa

Scoping study end 2013Production potential 2017

Scoping study end 2013Exploration on-going

New operations management in place

Production 50,000 oz pa

Production 2015: 50,000 oz pa

LionGold Project Pipeline- Progressing existing projects

Production figures represent annualised targets.

Takeover of 100% of Acadian Mining is pending

Production

Page 24: Going for Gold · • Active, diversifying investor base Mid Cap Liquid Index Inclusion SGX-listed Source: ShareInvestor 4 September 2013 Share price : S$1.690 52wk high/low : S$1.755/1.035

24September 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

- Ramped up from mid-2012

- 1Q FY2013 gold production 9,431 oz and 27,512 oz for calendar 2012

- 1Q FY2013 cash cost of S$807 per oz, production cost of A$1,210 per oz

Life of mine + production enhancementthrough ongoing extension and exploration

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

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25September 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

Resources1Gold

(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

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26September 2013

Minera Nueva Vista S.A.- Infrastructure development underway

Amayapampa ProjectBustillo Province, Bolivia

Resources of 1.28m oz, inclusive of 787,000 Reserves- NI 43-101 compliant

Owns the rights to overlapping concessions totaling34 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

CategoryGold

(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

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27September 2013

Acadian Mining Corporation Limited- 9% strategic stake; takeover offer pending

Nova Scotia ProjectsCanadian 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.

PropertyGold

(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

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28September 2013

Citigold Corporation Limited- 18% strategic investment, single largest shareholder

Charters Towers ProjectCharters 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

CategoryGold

(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

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29September 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

ProjectCategory Gold

(ounces)Tonnage(tonnes)

Grade(g/t)

HentyReserves 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 ounceGhanaian 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

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30September 2013

LionGold Corp Ltd59 Mohamed Sultan Road

Sultan Link 02-08

Singapore 238999

T: +65 6690 6860

F: +65 6690 6844

E: [email protected]

www.liongoldcorp.com

Thank you

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