Shareholder Update February 2009 Website: www.cityviewcorp.com Email: [email protected]ASX: CVI NASD: CTVWF FSE: C4Z This presentation may contain references to assumptions, representations, estimates, budgets and forecast outcomes that are uncertain by the nature of the business and no assurance can be given by CityView Corporation Limited. that its expectations, estimates, budgets and forecast outcomes will be achieved. Actual results may vary materially from those expressed herein. 1
This presentation may contain references to assumptions, representations, estimates, budgets and forecast outcomes that are uncertain by the nature of the business and no assurance can be given by CityView Corporation Limited. that its expectations, estimates, budgets and forecast outcomes will be achieved.Actual results may vary materially from those expressed herein.
Note: CityView shares are freely transferable between its US Register and Australian Register.
Strong Liquidity & Easy Transferability
Commodity Basket
CityView is accumulating a valuable commodity portfolio of copper, gold, diamonds and rare earths and an oil refinery.
CityView's strategy is to secure Government endorsed legal title to key resources in Africa and upgrade them to bankable feasibility/ production for minimum dilution to CityView's share capital.
Management has a long successful track record in mining and energy.
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Why a Commodity Basket isstill desirable despite the recent price fallsGold: There is no better regulator for the value of currencythan gold.
Copper: The BRIC economies Brazil, Russia, India andChina are still in a metals-intensive stage of development.
Diamonds: Supply of rough diamonds is declining.
Oil: World consumption of oil exceeds new discoveries of oil
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Capital StructureShares on Issue at February 19, 2009(ASX : CVI)(OTCBB : CTVWF)(FSE : C4Z)
Total:
Options on issue:(15c / Nov 2009)
996,073,441
96,530,070
ManagementChairman:
CEO:
Company Secretary:
Non Exec Directors:
Advisory Board:
Manuel Africano
Mark Smyth
Paul Williams
Robbie BrothersPhilip RandWayne Reid
Conrad MaherBart de BoerDavid BootePaul de ChazalNik HoexterKevin SylvesterLeith Wale
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Management ExperienceManuel Africano: Minister of Mines, AngolaMark Smyth: Selection Trust, AustraliaPaul Williams: General Gold, MauritaniaRobbie Brothers: Wheelock Marden, Hong KongPhilip Rand: Equator, UKWayne Reid: Nabisco, AustraliaPaul de Chazal: Simmons & Simmons, UKNik Hoexter: Selection Trust/BP, British Gas, UKIan Egan: BHP, AustraliaConrad Maher: Occidental Petroleum, USABart de Boer: Occidental Petroleum, USADavid Boote: Occidental Petroleum, USAKevin Sylvester: Phillips Petroleum, USALeith Wale: Nopco, Germany
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The story so far - 2006March:
Mark Smyth accepts position of CEO of CityView, a technically insolvent company listed on ASX.
May:CityView's pays off all debts and changes focus from Indonesia to Angola.
July:CityView acquires 30% working interest in the Longonjo metals & Ucua beryllium projects in Angola.
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The story so far - 2007February:
CityView commences on-site work programme in the Longonjo licence area.
September: CityView confirms extensive mineralisation at itsCatabola prospect in the Longonjo licence.
December: CityView acquires interest in Fortitude MineralsLimited (“Fortitude”) one of the largest concessionholders in Angola.
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The story so far - 2008
March: CityView transfers its Longonjo and Ucua interests to Fortitude.
June: Price WaterhouseCoopers Report on CityViewcompleted.
August:CityView negotiates participation in a refinery.
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Why Angola?Angola has become Africa’s largest oil producer:current oil production almost two million barrels of oil per day.
Angola had US$19 billion in foreign reserves in October 2008
Angola has huge potential for minerals and diamonds.
Angola’s sovereign risk rating has risen to 3 tier range.
Favourable tax breaks and working conditions. Small population.
1. Zenza/Dondo copper licence – 747 sq km
2. Cachoeiras copper licence – 3615 sq km
3. Benguela copper licence – 3943 sq km
4. Benguela SW copper licence – 355 sq km
5. Bentiabe copper licence – 183 sq km
6. Ucua gold/beryllium licence – 1369 sq km
7. Chipindo gold licence – 1433 sq km
8. Longonjo copper/gold rare earths licence – 3750 sq km
9. Longonjo diamond licence – 3000 sq km
10. Luachisse diamond concession – 2700 sq km
11. Nhefo diamond concession – 3280 sq km
Projects & Prospects
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Angola Metals
CityView owns approx 45% of Fortitude, which is chaired by Ian Egan. CityViewplans to acquire the balance of the sharesin Fortitude.
Fortitude holds a controlling interest in nineconcession areas totaling more than 18,000square kilometres of prime mineralised areas in Angola.
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Fortitude - Project LicencesLicence Percentage Area
Copper:
Gold: Carbonatite: Diamonds: Pegmatite:
Cachoeiras de Binga Zenza Dondo Benguela Benguela South West Bentiabe
Fortitude - Metals PortfolioFive copper licences running for several hundred kilometres along the western seaboard of Angola and encompass the greater part of the Upper Cuvo formation, where copper mineralisation has been reported along its entire length. It has the potential to be a new copper province.
Included amongst the copper licences is Cachoeiras de Binga on which over 6,000 metres of core has been drilled.
Fortitude's objective is to bring this resource to a bankable feasibility for early production. It willbe a low cost operation.
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Fortitude - Metals Portfolio (cont)Chipindo Gold licence area with high gold grades reported in artisinal workings. Its geology is similar to the Minas Gerais gold area of Brazil and to the Kalgoorlie region of Western Australia.
Longonjo copper-gold-rare earths licence area containing Catabola and Longonjo Carbonatite.
At Catabola copper and iron oxide mineralisation has been identified over a 1.6 kilometre strike. At Longonjo Carbonatite niobium, tantalum and uraniumminerals have been identified.
Longonjo diamond licence ultimately to be transferred toCityView's diamond portfolio.
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Diamond ConcessionsCityView has acquired 18.5% of Angola Diamond Holdings Limited,the parent company of Canzar Resources Limited: the operator of theNhefo and Luachisse Diamond concessions in Angola. CityView plansto acquire the balance of the shares in Angola Diamond Holdings Limited.
Nhefo covers most of the alluvial areas of the Rio Luachimo inLuanda Norte. Luachisse is located in the province of Bie.
Canzar’s Percentage AreaNhefo 42% 3280 km²Luachisse 41% 2700 km²
Equipment purchase orders have been negotiated to acquire forNhefo one 100 tonnes per hour DMS plant, one 50 tonnes per hour DMS plant and one 20 tonnes per hour DMS plant.
An economic model has been prepared using the following parameters: feed into the scrubber unit at double the DMS plant capacity (340 tonnesper hour), a grade of 15 carats per 100 tonnes, a diamond price ofUS$200 per carat and operating costs at 40% of income.
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DMS Plant Under Construction
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RefineryCityView plans to participate in a refinery capableof refining approx. 50,000 bpsd of crude oil whichis to be upgraded to 100,000 bpsd.
The refinery will be located in Nigeria and theapproximate production breakdown is estimated to be;
West and Southern Africa do not have enough refinery capacity.This situation is forecast to continue. Much of the fuel consumedin West Africa has to be imported from Europe. Consequently refined products are in short supply and very expensive.
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SummaryCityView’s target this year is to:-
1. Acquire the remaining shares that it does notalready own in Fortitude Minerals Limited andthen bring Cachoeiras and Longonjo to bankable feasibility/production and undertake explorationon the other concession areas.
2. Acquire the balance of the shares in Angola DiamondHoldings Limited and then bring Nhefo intoproduction, followed by Luachisse.
3. Complete the acquisition of the refinery and proceed to installation and mobilisation.
