Citadel Resource Group Limited

May 25, 2012

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Citadel Resource Group Limited Company Summary

Citadel is a minerals exploration and development company, focused on gold and base metals in the Arabian Shield. Our vision is to build a strong, diversified mining company with profitable operations and a sustainable pipeline of development projects.

With a portfolio of high quality advanced projects and a capable team, we are targeting near-term production of copper and gold from the Jabal Sayid Copper Project (50% JV), and the Lahuf and Jabal Shayban gold projects.

The Arabian Shield is a highly prospective minerals province, and Citadel has secured quality exploration licenses in mineral rich area's with strong potential for delineation of nickel, gold/silver and zinc mineralization.

Citadel is listed on the Australian Stock Exchange (ASX:CGG), and has its exploration office in Jeddah, and its operations and project development office in Perth.

DIRECTORS / OFFICERS

Andrew Peter Thomson Non-Executive Director and Chairman Appointed Chairman on 16 June 2008, Mr Thomson is a graduate of the Law Faculty – University of Melbourne, Keio University Tokyo and Georgetown University Law Centre. Mr Thomson is fluent in Japanese, Mandarin and Arabic and specialises in the Middle East. He is a former Member of the House of Representatives, serving as Parliamentary Secretary for Foreign Affairs, Minister for Sport and Tourism and Minister assisting the Prime Minister for the 2000 Olympic Games. From 2001 to 2005, he served at the World Bank as an Assistant and Acting Executive Secretary of the Inspection Panel.
Inés Scotland Managing Director and Chief Executive Officer Appointed Managing Director on 30 November 2007, Ms Scotland has over fifteen years experience in the mining industry in large scale gold and copper companies in Australia, Papua New Guinea, USA and the Middle East. She is experienced in managing operations in diverse cultures. This has included working for Rio Tinto companies including Comalco, Lihir and Kennecott Utah Copper. Ms Scotland has a Bachelor of Applied Science and is a Member of the Australian Institute of Company Directors.
David Gerard Michael Regan Non-Executive Director Appointed a Director on 18 December 2007, Mr Regan holds a Bachelor of Laws from Sydney University and completed the Program for Management Development at Harvard Business School in 1993. He has significant experience in the resources industry in the Middle East and Northern Africa. He was Vice President (Algeria) and VP Business Development North Africa and Middle East Regions for BHP Billiton from 1996 to 2004. Prior to that he held a number of positions with Arco Coal in the Middle East, North Africa, Australia and USA.
Ralph Nicholas Stagg Non-Executive Director Appointed a Director on 30 November 2007, Mr Stagg is a Geologist (BSc, MSc, DIC, FAusIMM, MIMMM) with over 35 years experience in all facets of gold and base metals exploration and development. He has had extensive experience in Australasia, Africa and the Middle East with International companies such as Cominco, Falconbridge and Pennzoil (Battle Mountain). He has in the past gained considerable experience serving on the boards of ASX listed companies.
Peter Robert Lester Executive Director Appointed a Director on the 1st October, Mr Lester is a mining engineer with significant operational, development and executive experience over the last 35 years. Most recently Mr Lester was an Executive General Manager with OZ Minerals Limited (previously Oxiana Limited) where he played a key role from 2002 in growing the business from a junior mining company. He was formerly Executive General Manager, Corporate Development with Newcrest and head of business development for North Limited. Mr Lester has a Bachelor of Engineering (Mining-Hons) and is a Member of the Australian Institute of Company Directors and the Australian Institute on Mining and Metallurgy.
Jeff Sells Chief Financial Officer Jeff has 20 years experience in financial management and was previously Chief Financial Officer of Oxiana Limited for over 4 years, during a period when Oxiana’s market capitalisation grew from less than $1 billion to $6 billion. After commencing his career in accounting, he spent 10 years at Ashton Mining Limited in a number of senior financial positions including Group Financial Controller and Group Treasurer before becoming Group Treasurer of Sigma Pharmaceuticals Limited in 2002. He has experience with mining operations in Australia, Africa and South East Asia, and a background in general management, accounting, tax, treasury and corporate finance. He is a Chartered Accountant, a member of the Finance and Treasury Association and the Australian Institute of Company Directors.

COMPANY DATA

	Headquarters	Level 12, 350 Collins St

		Melbourne

		Australia

	Telephone	+61-3-8680-4601

	Fax	+61-3-9642-0800

	Principal Sector	Materials

	Principal Industry	Mining & Metals

	Listed	1988/01/29

	Homepage	www.citadelrg.com.au

Key Developments: Citadel Resource Group Limited

	Citadel Resource Group Limited (ASX:CGG) Quarterly Report For The Period Ending 30 September 2009 OCT 28, 2009 13:12 - Article Views: 2,199 Citadel Resource Group Limited (ASX:CGG) Quarterly Report For The Period Ending 30 September 2009. Cash at the end of the quarter was A$38.7m. Expenditure for the quarter on project exploration, development and evaluation activities totalled A$10.8m.

	Citadel Resource Group Limited (ASX:CGG) Appoints SNC-Lavalin (TSE:SNC) As Engineering, Procurement And Construction Manager For The Jabal Sayid Project OCT 1, 2009 10:33 - Article Views: 3,934 Citadel Resource Group Limited (ASX:CGG) is pleased to announce the appointment of SNC-Lavalin (TSE:SNC) as the Engineering, Procurement and Construction Manager (EPCM) for the Jabal Sayid Project in Saudi Arabia. SNC-Lavalin is one of the leading engineering and construction groups in the world.

	Citadel Resource Group Limited (ASX:CGG) To Offer Shareholder Sale Facility SEP 11, 2009 10:50 - Article Views: 2,426 Citadel Resource Group Limited (ASX:CGG) has initiated a share sale facility designed to allow shareholders with less than 1250 shares to sell their shares cost effectively and simply to assist the Company in reducing in reducing administration costs. The Company will bear all brokerage and handling fees related to the sale of shares under this facility.

	Citadel Resource Group Limited (ASX:CGG) Mandates Riyad Bank and WestLB for the Jabal Sayid Project Financing AUG 24, 2009 10:30 - Article Views: 3,113 Citadel Resource Group Limited (ASX:CGG) is pleased to announce the signing of a joint mandate with Riyad Bank and WestLB AG, Sydney Branch ('WestLB') to act as joint lead advisors in relation to the arranging of the debt financing of the Jabal Sayid copper project in the Kingdom of Saudi Arabia.

	Citadel Resource Group Limited (ASX:CGG) Enters Into A$25 Million Strategic Partnership With Transamine Through Share Placement And Concentrate Sales Agreement AUG 20, 2009 09:33 - Article Views: 2,798 Citadel Resource Group Limited (ASX:CGG) is pleased to announce it has at 5pm today entered into a A$25 million Share Subscription Agreement and copper concentrate off-take arrangements with Transamine SA ("Transamine"), a global non-ferrous trading house, for the sale of 50,000 dry metric tonnes per annum of copper concentrate from Jabal Sayid mine at market terms for 5 years from 2011.

	Citadel Resource Group Limited (ASX:CGG) Quarterly Activities Report For June 2009 JULY 21, 2009 11:10 - Article Views: 2,282 Citadel Resource Group Limited (ASX:CGG) announce its quarterly activities report for June 2009, highlights include; A Memorandum of Understanding (MOU) was signed with the National Water Company in Riyadh on the 20th of June. This MOU is for the provision of treated waste water to the Jabal Sayid mine and concentrator. Concentrate specification and commercial information was sent to a number of commodity traders and smelters. Responses are due back in late July. Debt financing continued with expressions of interest received from local Saudi Arabian banks and international banks.

	Citadel Resource Group Limited (ASX:CGG) Announce More High-Grade Gold Intersections From Shayban Project, Saudi Arabia JULY 7, 2009 12:21 - Article Views: 2,065 Citadel Resource Group Limited (ASX:CGG) is pleased to announce that it has received further high-grade assay results from its third RC drilling program at the Company's 100%-owned Shayban Gold Project in Saudi Arabia. Gold assay results have been received for ten reverse circulation ("RC") drill holes. The program was designed to in-fill and extends some areas identified as requiring additional information as part of the resource work the Company is undertaking.

	Citadel Resource Group Limited (ASX:CGG) Announce More High-Grade Gold Intersections From Shayban Project, Saudi Arabia JULY 7, 2009 12:21 - Article Views: 2,065 Citadel Resource Group Limited (ASX:CGG) is pleased to announce that it has received further high-grade assay results from its third RC drilling program at the Company's 100%-owned Shayban Gold Project in Saudi Arabia. Gold assay results have been received for ten reverse circulation ("RC") drill holes. The program was designed to in-fill and extends some areas identified as requiring additional information as part of the resource work the Company is undertaking.

	Citadel Resource Group Limited (ASX:CGG) Joint Venture Company Bariq Mining Ltd Signs Water Supply Agreement JUNE 25, 2009 12:37 - Article Views: 4,133 Citadel Resource Group Limited (ASX:CGG) is pleased to announce further developments in the Jabal Sayid Project. Citadel's Saudi Joint Venture Company, Bariq Mining Ltd, today signed a Memorandum of Understanding with the National Water Company (NWC) of Saudi Arabia for the supply of water for operations at the Jabal Sayid project.

	Citadel Resource Group Limited (ASX:CGG) Success In The First Hole Of The Underground Deep Diamond Drilling Program At Jabal Sayid Gold Project JUNE 3, 2009 10:47 - Article Views: 1,400 Citadel Resource Group Limited (ASX:CGG) is pleased to announce the results of BDH4028 from its underground drilling program at Jabal Sayid. Jabal Sayid is the flagship project in Citadel's portfolio of Saudi Arabian gold and base metal projects. Jabal Sayid is a 50% joint venture between Citadel and Consolidated Mining Company (CMCI).