eurogold presentation 10 06 05 v4

EUROGOLDLIMITED(ACN 009 070 384)ASX & AIM: EUG: 

EUROGOLD LIMITED (ACN 009 070 384) ASX & AIM: EUG

Overview: 

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

Slide4: 

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

Exploration: 

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

Slide6: 

North West Corridor

June 11 Prospect: 

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

Sofia Prospect: 

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

Infrastructure & Sunk Costs: 

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

Ukraine: 

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

Plan of Saulyak Deposit: 

Plan of Saulyak Deposit

Schematic Cross Section Saulyak: 

Schematic Cross Section Saulyak

Slide15: 

Saulyak Mine Model 498m level portal 468m level portal

Slide16: 

Saulyak Mine Model Trench Marble

Slide17: 

Saulyak Mine Model Footwall Marble

Slide18: 

Saulyak Mine Model Mineralization > 1g/t

Slide19: 

Saulyak Mine Model Extended Mineralization

Slide20: 

Saulyak Mine Model

Corporate Directory: 

Corporate Directory 1) Issued Shares: 247,679,494 (fully diluted) 2) Board of Directors: Peter Gunzburg Dennis Franks Brett Montgomery Neil MacLachlan Chris Barker 3) Major Shareholders: Oxus Gold Plc 20% Peter Gunzburg 12% Chris Barker 12% 4) Dual Listed: ASX/AIM Code “EUG”