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Sept 07 Slide Presentation

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Las Cristinas is the 4th gold mine under development by Crystallex in Venezuela ... Comparison with other North American Based Gold Companies ... – PowerPoint PPT presentation

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Title: Sept 07 Slide Presentation


1
Crystallex International Corporation Denver Gold
Forum September 2007
2
Disclosure Statement
SPECIAL NOTE REGARDING FORWARD-LOOKING
STATEMENTS This slide presentation contains
forward-looking statements within the meaning of
the United States Private Securities Litigation
Reform Act of 1995 and applicable Canadian
securities laws, including statements relating
to the estimated reserves and resources at Las
Cristinas anticipated results of drilling
programs, feasibility studies or other analyses
the potential to increase reserves and expand
production, at Las Cristinas Crystallex's
projected construction and production schedule,
and cost and production estimates, for Las
Cristinas and management's statements regarding
its expectations regarding mining in Venezuela.
Forward-looking statements are based on estimates
and assumptions made by Crystallex in light of
its experience and perception of historical
trends, current conditions and expected future
developments, as well as other factors that
Crystallex believes are appropriate in the
circumstances. Many factors could cause
Crystallex's actual results, performance or
achievements to differ materially from those
expressed or implied by the forward looking
statements, including gold price volatility
impact of any hedging activities, including
margin limits and margin calls discrepancies
between actual and estimated production, between
actual and estimated reserves, and between actual
and estimated metallurgical recoveries mining
operational risk regulatory restrictions,
including environmental regulatory restrictions
and liability risks of sovereign investment
speculative nature of gold exploration dilution
competition loss of key employees additional
funding requirements and defective title to
mineral claims or property. These factors and
others that could affect Crystallex's
forward-looking statements are discussed in
greater detail in the section entitled "Risk
Factors" in Crystallexs Annual Information Form
(which is included in the Annual Report on Form
40-F that Crystallex files with the United States
Securities and Exchange Commission (the "SEC")
and elsewhere in documents filed from time to
time with the Canadian provincial securities
regulators, the SEC and other regulatory
authorities. These factors should be considered
carefully, and persons reviewing this press
release should not place undue reliance on
forward-looking statements. Crystallex has no
intention and undertakes no obligation to update
or revise any forward-looking statements in this
press release, except as required by law. NOTE
TO U.S. SHAREHOLDERS The terms "Proven Reserve"
and "Probable Reserve" used in this slide
presentation are Canadian mining terms as defined
in accordance with National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
under the guidelines set out in the Canadian
Institute of Mining, Metallurgy and Petroleum
("CIM") Standards on Mineral Resources and
Mineral Reserves, adopted by the CIM Council on
August 20, 2000 as may be amended from time to
time by the CIM.  These definitions differ from
the definitions in the SEC's Industry Guide 7.
The terms, "Measured Resource", "Indicated
Resource" and "Inferred Resource" used in this
press release are Canadian mining terms as
defined in accordance with National Instruction
43-101 - Standards of Disclosure for Mineral
Projects under the guidelines set out in the CIM
Standards. While the terms "Measured Resource",
"Indicated Resource", and "Inferred Resource" are
recognized and required by Canadian regulations,
they are not defined terms under Industry Guide 7
and normally are not permitted to be used in
reports and registration statements filed with
the SEC.  As such, information contained in this
report concerning descriptions of mineralization
and resources under Canadian standards may not be
comparable to similar information made public by
U.S. companies in SEC filings.  With respect to
"Indicated Resource" and "Inferred Resource"
there is a great amount of uncertainty as to
their existence and a great uncertainty as to
their economic and legal feasibility.  It can not
be assumed that all or any part of an "Indicated
Resource" or "Inferred Resource" will ever be
upgraded to a higher category.  Investors are
cautioned not to assume that any part or all of
mineral deposits in these categories will ever be
converted into reserves. For a detailed
discussion of resource and reserve estimates and
related matters see the Company's technical
reports, the Annual Information Form and other
reports filed by the Crystallex on www.sedar.com
and www.sec.gov. A qualified person has verified
the data contained in this presentation.
3
Crystallex Share Data
Trading Symbol KRY Exchanges TSX and AMEX
262 million I/O approx I 292 million FD
approx
Common Shares (at June 30, 2007)
Price (September 14, 2007)
US 2.86 I Cdn 2.89
Market Cap
US 749 million I Cdn 757 million
Cash US 39 million Total Assets
US 329 million Total Debt US
82 million Shareholders Equity US
233 million
At June 30, 2007
AMEX 2.1 million shares (approx) TSX 1.0
million shares (approx)
Average daily trading volume (trailing 3 months)
4
Profile Investment Highlights
  • Developing intermediate Canadian gold mine
    developer and operator
  • Las Cristinas reserves of 16.9 million ounces
    calculated at 550/oz.
  • Design and Engineering for the Las Cristinas
    project in Venezuela is essentially complete
    awaiting final permit to commence construction
  • Hedge free
  • Significantly undervalued relative to peer
    group on the basis of Proven and Probable
    Reserves
  • Good share trading liquidity on TSX and AMEX

5
Management Team
Gordon Thompson, President, CEO and
Director Hemdat Sawh, CFO Robert Crombie,
Senior VP Corporate Development William Faust,
COO and Senior Vice President Dr. Richard
Spencer, VP Exploration
6
Crystallexs History in Venezuela
  • Investor in mining projects since early 1990s
  • Crystallex has permitted, constructed and
    operated 3 mines in Venezuela since early 1990s
  • Las Cristinas is the 4th gold mine under
    development by Crystallex in Venezuela
  • 2004 Crystallex received the Outstanding
    Citizen Award in Bolivar State for its community
    programs
  • Committed to local communities through corporate
    and social responsibility programs

7
Corporate Social Responsibility
Supporting local communities with long-term
employment, training, education, economic
development, local infrastructure and health care
  • Construction of 30 new homes for local
    residents
  • Installed 3 water treatment plants and
    associated
  • reticulation
  • Constructing sewage treatment plant
  • Installed sewer networks
  • Paved local roads
  • Upgraded local medical centre, providing
    doctors, and ongoing medical supplies for the
    centre
  • Funding local education scholarship programs
  • Providing ongoing job training programs to
    small miners associations
  • Sponsoring training programs for local
    communities
  • On a yearly basis, train University Technical
    Graduates up to 25 per year
  • Established government requested anti-malaria
    facility at site

8
Crystallex Project Location Map
Bolivar State, Venezuela
9
Conventional operations
10
Las Cristinas Milestones
  • Sept 2002 - Crystallex Signs Mine Operating
    Agreement PR Sep 17, 2002
  • February 2003 - Retains SNC-Lavalin PR - Feb
    12, 2003
  • September 2003 - Crystallex Completes
    Feasibility Study Confirms Attractive Economics
    PR Sep 10, 2003
  • March 2004 - CVG Approves Feasibility Study
    PR Mar 8, 2004
  • - SNC-Lavalin Awarded EPCM Contract PR Mar
    25, 2004
  • April 2004 - Submitted Environmental Impact
    Study (EIS)
  • May 2004 - Crystallex Releases 40,000 tpd Pre
    Feasibility Study PR May 3, 2004
  • August 2004 - Crystallex Confirms receipt of
    Land Occupation Permit PR Aug 4, 2004
  • August 2005 - Crystallex Revises Reserves and
    Resources Updates 2003 Feasibility Study PR
    Aug 31, 2005
  • March 2006 - Crystallex Receives Ministry of
    Mines (MIBAM) Approval of feasibility
    study PR Mar 26, 2006
  • June 2007 - Crystallex Receives Confirmation
    that Ministry of Environment (MinAmb)
    approved EIA PR June 14, 2007
  • - Crystallex posts Bond and Taxes to MinAmb,
    Receives confirmation that all permit
    requirements have been fulfilled PR June 14,
    2007

11
Las Cristinas
Engineering Procurement Progress
  • Engineering essentially complete
  • All Long Lead Items fabricated and/or secured
  • Expenditures to date US120 million under the
    EPCM contract
  • 19km access road upgraded and in use
  • Construction camp refurbished
  • Airstrip extended to 1,000m and tarred
  • 13,500 metre drilling program completed
    February 2007
  • Resource Reserve update Proven
    Probable Reserve 16.9Moz

12
Las Cristinas
Las Cristinas Mining Fleet on Docks Geared Up and
Ready To Go
13
Las Cristinas Mill
Dorbyl Mill Shells Fabricated
14
2006-2007 Drill Program Summary of Results
Comparison of grade-thickness maps for Au
15
Las Cristinas Distribution of Gold Zones
Plan showing 1 g/t gold ore shells
Morrocoy zone
Planned Mesones-Sofia 350/oz pit
Cordova zone
Planned Conductora 350/oz pit
Diorite dyke
1 km
16
Las Cristinas Reserves and Resources (CIM
standards)
  • Gold Price US550/oz, cut-off 0.4 g/t and higher
  • Low Strip Ratio of 1.381
  • 500m maximum depth
  • Expected average metallurgical recovery of 89
  • Open at depth
  • Further potential to increase reserves through
    exploration

Includes Reserves Reserves and Resources
calculated by Mine Development and Associates in
accordance with Canadian NI 43-101
17
Las Cristinas Growth in estimated resources
Measured, Indicated Inferred Resource
Indicated Resource
Measured Resource
Reserves and Resources calculated by Mine
Development and Associates in accordance with
Canadian NI 43-101
18
Las Cristinas Reserve details
Changes to Contained Ounces - Las Cristinas
Reserves
25.00
3.41
(5.86)
Effect of op cost increase 7.66 to 9.81
5.31
20.00
16.86
Exploration Success
14.01
15.00
Contained Ounces (Millions)
Increase in Gold Price from 450 to 550/oz
Net Proven Probable Reserve at 550/oz
Proven Probable Reserves at 450/oz at Feb 2007
10.00
5.00
0.00
Reserves and Resources calculated by Mine
Development and Associates in accordance with
Canadian NI 43-101
19
Las Cristinas growth in Proven Probable
Reserves
46-hole, 13,568m drill program, estimated op
costs rise from 7.66 to 9.81/t
18-hole, 7,120m drill program
14-hole, 5,523m drill program
Estimated op costs rise from 6.46/t to 7.66/t
Formal exploration commences
Prior exploration
Crystallex
550/oz
350/oz
450/oz
400/oz
375/oz
325/oz
350/oz
Reserves and Resources calculated by Mine
Development and Associates in accordance with
Canadian NI 43-101
20
Las Cristinas Gold Price Sensitivity
Lerchs-Grossman pit shell sensitivity
Reserves and Resources calculated by Mine
Development and Associates in accordance with
Canadian NI 43-101
21
Las Cristinas Production overview - 20,000
tonnes per day
Based upon August 2005 Development Plan
capital cost estimate Includes a 3
exploitation tax and 3 royalty payable to the
CVG based on a US550/oz gold price
22
  • Las Cristinas
  • Sheet-like, tabular ore zones
  • Host 95 of the gold reserve

400 m
23
Las Cristinas Cone Shaped Mineralized Zones
Cone-shaped ore zone at Mesones
Cone-shaped ore zone at Sofia
Monzonite sill
Diorite dyke
100m
24
Proven Probable Reserves
Comparison with other North American Based Gold
Companies
Proven and Probable Reserves Net of Recoveries
(million oz)
Barrick
Newmont
Kinross
GoldCorp
CRYSTALLEX
Agnico-Eagle
Gabriel
Gold Reserve
IAMGold
Eldorado
Yamana
Meridian
Source Company Regulatory Filings
25
Market Capitalization Comparison with other
North American Based Gold Companies
Market Capitalization per Reserve Ounce (US) Net
of Recoveries
This reflects the acquisition by GFI when
gold was trading around 500/oz
Source Mineweb September 14, 2007
26
18 King Street East, Suite 1210 Toronto, ON M5C
1C4 Tel (416) 203-2448 Fax (416)
203-0099 Email info_at_crystallex.com Website
www.crystallex.com
Gordon Thompson, President CEO Hemdat
Sawh,CFO William Faust, COO Senior Vice
President Dr. Richard Spencer, VP Exploration
For public and media inquiries, or copies of the
Companys annual report, quarterly reports or
press releases, please contact Richard
Marshall Vice President, Investor Relations Tel
(800) 738-1577
Crystallex shares trade under the symbol KRY on
the Toronto and American Stock Exchanges. The
Companys filings with the Ontario Securities
Commission can be viewed on SEDAR at
www.sedar.com The Companys filings with the U.S.
Securities and Exchange Commission can be viewed
on EDGAR at www.sec.gov
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