DGG_Sept_2007_FINAL-lores.ppt

CrystallexInternationalCorporationDenverGoldForumSeptember2007,DisclosureStatement,SPECIALNOTEREGARDINGFORWARD-LOOKINGSTATEMENTSThisslidepresentationcontainsforward-lookingstatementswithinthemeaningoftheUnitedStatesPrivateSecuritiesLitigationReActof1995andapplicableCanadiansecuritieslaws,includingstatementsrelatingtotheestimatedreservesandresourcesatLasCristinas;anticipatedresultsofdrillingprograms,feasibilitystudiesorotheranalyses;thepotentialtoincreasereservesandexpandproduction,atLasCristinas;Crystallexsprojectedconstructionandproductionschedule,andcostandproductionestimates,forLasCristinas;andmanagementsstatementsregardingitsexpectationsregardingmininginVenezuela.Forward-lookingstatementsarebasedonestimatesandassumptionsmadebyCrystallexinlightofitsexperienceandperceptionofhistoricaltrends,currentconditionsandexpectedfuturedevelopments,aswellasotherfactorsthatCrystallexbelievesareappropriateinthecircumstances.ManyfactorscouldcauseCrystallexsactualresults,peranceorachievementstodiffermateriallyfromthoseexpressedorimpliedbytheforwardlookingstatements,includinggoldpricevolatility;impactofanyhedgingactivities,includingmarginlimitsandmargincalls;discrepanciesbetweenactualandestimatedproduction,betweenactualandestimatedreserves,andbetweenactualandestimatedmetallurgicalrecoveries;miningoperationalrisk;regulatoryrestrictions,includingenvironmentalregulatoryrestrictionsandliability;risksofsovereigninvestment;speculativenatureofgoldexploration;dilution;competition;lossofkeyemployees;additionalfundingrequirements;anddefectivetitletomineralclaimsorproperty.ThesefactorsandothersthatcouldaffectCrystallexsforward-lookingstatementsarediscussedingreaterdetailinthesectionentitled“RiskFactors“inCrystallex’sAnnualInationwhichisincludedintheAnnualReporton40-FthatCrystallexfileswiththeUnitedStatesSecuritiesandExchangeCommissionthe“SEC“andelsewhereindocumentsfiledfromtimetotimewiththeCanadianprovincialsecuritiesregulators,theSECandotherregulatoryauthorities.Thesefactorsshouldbeconsideredcarefully,andpersonsreviewingthispressreleaseshouldnotplaceunduerelianceonforward-lookingstatements.Crystallexhasnointentionandundertakesnoobligationtoupdateorreviseanyforward-lookingstatementsinthispressrelease,exceptasrequiredbylaw.NOTETOU.S.SHAREHOLDERSTheterms“ProvenReserve“and“ProbableReserve“usedinthisslidepresentationareCanadianminingtermsasdefinedinaccordancewithNationalInstrument43-101-StandardsofDisclosureineralProjectsundertheguidelinessetoutintheCanadianInstituteofMining,MetallurgyandPetroleum“CIM“StandardsonMineralResourcesandMineralReserves,adoptedbytheCIMCouncilonAugust20,2000asmaybeamendedfromtimetotimebytheCIM.ThesedefinitionsdifferfromthedefinitionsintheSECsIndustryGuide7.Theterms,“MeasuredResource“,“IndicatedResource“and“InferredResource“usedinthispressreleaseareCanadianminingtermsasdefinedinaccordancewithNationalInstruction43-101-StandardsofDisclosureineralProjectsundertheguidelinessetoutintheCIMStandards.Whiletheterms“MeasuredResource“,“IndicatedResource“,and“InferredResource“arerecognizedandrequiredbyCanadianregulations,theyarenotdefinedtermsunderIndustryGuide7andnormallyarenotpermittedtobeusedinreportsandregistrationstatementsfiledwiththeSEC.Assuch,inationcontainedinthisreportconcerningdescriptionsofmineralizationandresourcesunderCanadianstandardsmaynotbecomparabletosimilarinationmadepublicbyU.S.companiesinSECfilings.Withrespectto“IndicatedResource“and“InferredResource“thereisagreatamountofuncertaintyastotheirexistenceandagreatuncertaintyastotheireconomicandlegalfeasibility.Itcannotbeassumedthatalloranypartofan“IndicatedResource“or“InferredResource“willeverbeupgradedtoahighercategory.Investorsarecautionednottoassumethatanypartorallofmineraldepositsinthesecategorieswilleverbeconvertedintoreserves.ForadetaileddiscussionofresourceandreserveestimatesandrelatedmattersseetheCompanystechnicalreports,theAnnualInationandotherreportsfiledbytheCandwww.sec.gov.Aqualifiedpersonhasverifiedthedatacontainedinthispresentation.,CrystallexShareData,TradingSymbolKRYExchangesTSXandAMEX,,,,262millionI/OapproxI292millionFDapprox,US2.86ICdn2.89,,US749millionICdn757million,,CashUS39millionTotalAssetsUS329millionTotalDebtUS82millionShareholders’EquityUS233million,AtJune30,2007,MarketCap,PriceSeptember14,2007,CommonSharesatJune30,2007,Averagedailytradingvolumetrailing3months,AMEX2.1millionsharesapproxTSX1.0millionsharesapprox,ProfileawaitingfinalpermittocommenceconstructionHedgefreeSignificantlyundervaluedrelativetopeergrouponthebasisofProvenandProbableReservesGoodsharetradingliquidityonTSXandAMEX,ManagementTeam,GordonThompson,President,CEOandDirectorHemdatSawh,CFORobertCrombie,SeniorVPCorporateDevelopmentWilliamFaust,COOandSeniorVicePresidentDr.RichardSpencer,VPExploration,Crystallex’sHistoryinVenezuela,Investorinminingprojectssinceearly1990’sCrystallexhaspermitted,constructedandoperated3minesinVenezuelasinceearly1990’sLasCristinasisthe4thgoldmineunderdevelopmentbyCrystallexinVenezuela2004–Crystallexreceivedthe“OutstandingCitizenAward”inBolivarStateforitscommunityprogramsCommittedtolocalcommunitiesthroughcorporateandsocialresponsibilityprograms,Corporateupto25peryearEstablishedgovernmentrequestedanti-malariafacilityatsite,CrystallexProjectLocationMap,BolivarState,Venezuela,Conventionaloperations,LasCristinasMilestones,Sept2002-CrystallexSignsMineOperatingAgreementPR–Sep17,2002February2003-RetainsSNC-LavalinPR-Feb12,2003September2003-CrystallexCompletesFeasibilityStudy;ConfirmsAttractiveEconomicsPR–Sep10,2003March2004-CVGApprovesFeasibilityStudyPR–Mar8,2004-SNC-LavalinAwardedEPCMContractPR–Mar25,2004April2004-tedEnvironmentalImpactStudyEISMay2004-CrystallexReleases40,000tpdPreFeasibilityStudyPR–May3,2004August2004-CrystallexConfirmsreceiptofLandOccupationPermitPR–Aug4,2004August2005-CrystallexRevisesReservesandResources;Updates2003FeasibilityStudyPR–Aug31,2005March2006-CrystallexReceivesMinistryofMinesMIBAMApprovaloffeasibilitystudyPR–Mar26,2006June2007-CrystallexReceivesConfirmationthatMinistryofEnvironmentMinAmbapprovedEIAPR–June14,2007-CrystallexpostsBondandTaxestoMinAmb,ReceivesconfirmationthatallpermitrequirementshavebeenfulfilledPR–June14,2007,LasCristinas,EngineeringProcurementProgress,EngineeringessentiallycompleteAllLongLeadItemsfabricatedand/orsecuredExpenditurestodateUS120millionundertheEPCMcontract19kmaccessroadupgradedandinuseConstructioncamprefurbishedAirstripextendedto1,000mandtarred13,500metredrillingprogramcompletedFebruary2007ResourceReserveupdateProvenProbableReserve16.9Moz,LasCristinas,LasCristinasMiningFleetonDocksGearedUpandReadyToGo,LasCristinasMill,DorbylMillShellsFabricated,2006-2007DrillProgramSummaryofResults,Comparisonofgrade-thicknessmapsforAu,1km,,,PlannedConductora350/ozpit,Morrocoyzone,PlannedMesones-Sofia350/ozpit,Dioritedyke,Cordovazone,,LasCristinasDistributionofGoldZones,Planshowing1g/tgoldoreshells,LasCristinasReservesandResourcesCIMstandards,GoldPriceUS550/oz,cut-off0.4g/tandhigherLowStripRatioof1.381500mmaximumdepth,Expectedaveragemetallurgicalrecoveryof89OpenatdepthFurtherpotentialtoincreasereservesthroughexploration,*IncludesReservesReservesandResourcescalculatedbyMineDevelopmentandAssociatesinaccordancewithCanadianNI43-101,LasCristinasGrowthinestimatedresources,ReservesandResourcescalculatedbyMineDevelopmentandAssociatesinaccordancewithCanadianNI43-101,MeasuredResource,IndicatedResource,Measured,IndicatedInferredResource,LasCristinasReservedetails,ReservesandResourcescalculatedbyMineDevelopmentandAssociatesinaccordancewithCanadianNI43-101,,,,,,,,,,,,,,,,,,,,,,,,,,,,,ChangestoContainedOunces-LasCristinasReserves,Effectofopcostincrease7.66to9.81,NetProvenProbableReserveat550/oz,ExplorationSuccess,14.01,5.31,3.41,5.86,16.86,0.00,5.00,10.00,15.00,20.00,25.00,ContainedOuncesMillions,,ProvenProbableReservesat450/ozatFeb2007,IncreaseinGoldPricefrom450to550/oz,LasCristinasgrowthinProvenProbableReserves,ReservesandResourcescalculatedbyMineDevelopmentandAssociatesinaccordancewithCanadianNI43-101,alexplorationcommences,350/oz,375/oz,325/oz,Priorexploration,18-hole,7,120mdrillprogram,Estimatedopcostsrisefrom6.46/tto7.66/t,14-hole,5,523mdrillprogram,46-hole,13,568mdrillprogram,estimatedopcostsrisefrom7.66to9.81/t,Crystallex,350/oz,550/oz,450/oz,400/oz,LasCristinasGoldPriceSensitivity,Lerchs-Grossmanpitshellsensitivity,ReservesandResourcescalculatedbyMineDevelopmentandAssociatesinaccordancewithCanadianNI43-101,LasCristinasProductionoverview-20,000tonnesperday,*BaseduponAugust2005DevelopmentPlancapitalcostestimate**Includesa3exploitationtaxand3royaltypayabletotheCVGbasedonaUS550/ozgoldprice,400m,,LasCristinasSheet-like,tabularorezonesHost95ofthegoldreserve,100m,,,Monzonitesill,Cone-shapedorezoneatMesones,Cone-shapedorezoneatSofia,Dioritedyke,LasCristinasConeShapedMineralizedZones,Newmont,Barrick,Gabriel,Agnico-Eagle,Meridian,Eldorado,CRYSTALLEX,GoldReserve,GoldCorp,SourceCompanyRegulatoryFilings,IAMGold,Yamana,Kinross,ProvenProbableReserves,ComparisonwithotherNorthAmericanBasedGoldCompanies,ProvenandProbableReservesNetofRecoveriesmillionoz,SourceMineweb–September14,2007,*ThisreflectstheacquisitionbyGFIwhengoldwastradingaround500/oz,MarketCapitalization–ComparisonwithotherNorthAmericanBasedGoldCompanies,MarketCapitalizationperReserveOunceUSNetofRecoveries,Forpublicandmediainquiries,orcopiesoftheCompany’sannualreport,quarterlyreportsorpressreleases,pleasecontactRichardMarshallVicePresident,InvestorRelationsTel800738-1577,18KingStreetEast,Suite1210Toronto,ONM5C1C4Tel416203-2448Fax416203-0099EmailinfoWebsite,GordonThompson,PresidentCEOHemdatSawh,CFOWilliamFaust,COOSeniorVicePresidentDr.RichardSpencer,VPExploration,CrystallexsharestradeunderthesymbolKRYontheTorontoandAmericanStockExchanges.TheCompany’sfilingswiththeOntarioSecuritiesCommissioncanbeviewedonSEDARTheCompany’sfilingswiththeU.S.SecuritiesandExchangeCommissioncanbeviewedonEDGARatwww.sec.gov,