The document provides an overview of A1 Consolidated Gold Ltd's plans for an initial public offering. It summarizes the company's key assets including the fully operational A1 Gold Mine in Victoria, Australia. The mine has historical gold production of over 600,000 ounces and an exploration target of 0.6 to 2.9 million ounces of contained gold. The company is currently developing the underground decline to access higher grade stockworks at the 1400 level with the goal of reaching initial production areas by July 2013. Funds from the IPO will be used to continue mine development and exploration with the aim of confirming an initial JORC resource.

1. IPO Presentation 2012
May 2012

2. Disclaimer
The information contained in this document (Presentation) has been prepared by A1 Consolidated Gold Ltd (Company) for the
purposes of presenting to AFSL licensees and their representatives and therefore comes within the confines of ASIC CO 00/175. This
Presentation does not constitute an offer or invitation to any person to subscribe for or apply for any securities in the Company. This
Presentation is solely a presentation of the Company’s exploration plans and proposed capital structure for our upcoming IPO. We
reserve the right at any stage to change or alter the capital structure and exploration plan without notice.
While the information contained in this Presentation has been prepared in good faith, neither the Company or any of its shareholders,
directors, officers, agents, employees or advisers give any representations or warranties (express or limited) as to the accuracy,
reliability or completeness of the information in this Presentation, or of any other written or oral information made or to be made
available to any interested party or its advisers (all such information being referred to as 'Information') and liability therefore is expressly
disclaimed. Accordingly, to the full extent permitted by law, neither the Company nor any of its shareholders, directors, officers, agents,
employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or limited, contractual,
tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained in
this Presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation.
Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company
to proceed with any inaccuracies in, or omissions from, this Presentation which may become apparent. The Company reserves its right
to terminate any discussions or negotiations with any person. In no circumstances will the Company be responsible for any costs,
losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the
Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update
this Presentation or to correct any errors.
This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors,
officers, agents, employees or advisers. In particular, any estimates or projections or opinions contained in this Presentation
necessarily involve significant elements of subjective judgment, analysis and assumptions and each recipient should satisfy itself in
relations to such matters.
Competent Persons Statement
The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Resources is based on information
compiled by Morrie Goodz who is a Fellow of The Australasian Institute of Mining and Metallurgy. Morrie Goodz is a Director of the
company (A1 Consolidated Gold Limited).
Morrie Goodz has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to
the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Morrie Goodz has specific experience working underground
in the A1 Gold Mine for over 5 years and in various underground mines within a 15km distance over a period of 12 years. Morrie Goodz
consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

3. Introduction
 A1 Consolidated Gold Limited (provisional ASX code AYC) is seeking to become a listed gold
producer focused on production at its 100% owned A1 Gold Mine in Victoria.
 Advanced project on granted mining lease - fully operational mine site including underground
development and site infrastructure.
 JORC exploration target of between 0.6m to 2.9m oz contained gold derived from historical
drilling1 which includes some 77 intercepts grading > 8g/t au
 Currently undertaking office studies for purpose of converting to JORC Resource
 Toll treatment agreement with Octagonal Resources (ASX:ORS) executed Feb 2012.
 Trucking commenced 27 Feb 2012 with treatment to commence in June 2012
 Expected cash cost circa $600/oz based on mid-point JORC exploration target
 Board & management team > 150 years combined experience
 Raising min. of $8 million at $0.30 to capitalise the Company at $42m with $10m cash.

4. Board and Management Team
Ashok Parekh BBUS FCA, AIMM, FTIA
Non-Executive Chairman
Mr. Ashok Parekh is a chartered accountant who
has operated an Accounting Practice for 25 years.
He was awarded the Centenary Medal in 2003 and
was recently awarded the Meritorious Service Award
by the Institute of Chartered Accountants.
Mr. Parekh is the Executive Chairman of
MacPhersons Reward Gold Ltd (ASX: MRP).
Dennis Clark Cert Mine Manager (Vic) Morrie Goodz Jeff Williams
Managing Director MSc (Mining Geol), MBA, FAusIMM MSc (Mining Eng), MBA, FAusIMM
Non-Executive Director Non-Executive Director
Mr. Dennis Clark has 38 years’ experience in
underground mining, with extensive knowledge of
mine development.
Mr. Clark has been the driving force behind the re-
development of the A1 Gold Mine and is intimately
familiar with the mine workings and geology.
Darren Russell-Croucher
Director of Mining
Glenn Wardle Emma Walczak
Mr. Darren Russell-Croucher has over 20 years’ Non-Executive Director LLB, BICT Business Intelligence Major
experience in the exploration, construction and Company Secretary
development of gold projects.
He has been involved in the management teams of
gold projects in Victoria and Western Australia,
taking the projects from the construction phase
through to production.

5. Project Location
 Located approx 120 km north east of
Melbourne in the Woods Point - Walhalla
Dyke corridor
 Projects* consist of:
• A1 Gold Mine ( MIN5294);
• Ten Mile Goldfield (EL5109); and
• Star of the West (MIN4636)
 The A1 Mine is the second largest gold
producer in the region having produced >
600,000 ozs up to 1992.
* Completion of the acquisition of the Projects will
occur upon the Company’s admission to the ASX.

6. A1 Gold Mine (MIN5294)
1400
Stockworks
 Diorite dyke hosted gold mineralisation
 Tenement covers entire known A1 Dyke
corridor.
 Historical gold production of circa
620,000 oz at an average grade of 32 g/t
 Dyke outcrops for >1000m in strike
length
 Only 150m of strike tested to date
Area of Historical Production :
150 metre strike length A1 Dyke Corridor

7. A1 Gold Mine Project
1650 & 1625
Stockworks  Potential of the 1400 Stockworks was
first recognised in early 1980’s
 Bulk sample from a 1982 development
on the 1400 Level had a recovered grade
of 10 g/t au
Stockworks
Reef  Two parallel rises (inclined development)
from the 1330 level to 1400 Level in
1987 obtained a recovered grade of 17
g/t au
1400
Stockworks  High grade results in 1987 were followed
by a radial drilling program in 1989-90
 Underground drilling program in 2010-11
defined the 1400 Stockworks as a bulk
mining target.

8. Drilling 1400 Level 2010 - 2011
 JORC exploration target of up to
460,000oz Au from the 1400 level:
• 1.0 – 1.3mt at 5 –11 g/t Au(1)
 First target (Block Based on historical
drilling which includes 77 intercepts of >
8g/t Au
 Best intersections include
• 19.2m @ 15.4 g/t;
• 26.6m @ 10.1 g/t
• 6.95m @ 30.5 g/t

9. Drill Intersections 2010 - 2011
MGA MGA
Hole No RL (m) Hole Dip
East (m) North (m)
42’653.06
L7_0001A 42’653.06 26 456
L7_00012A 26’956.003 26’956.003 48 876
L7_0001B 35’956 35’956 591 1315
L7_0001C 15’606.05 15’606.05 536 5646
L8_0001Q 42’653.06 42’653.06 125 486
L9_0005B 42’653.06 42’653.06 02 023

10. 1400 Stockworks
 Focus is on reaching the 1400
Stockworks (Blocks 1-4 & 6).
 Decline development currently at the
1620 level with a further 1500m required
to bring the 1400 Stockworks into
production. Lateral development of
~500m will be also required.
 Currently averaging approx. 100 metres
of development per month
 First target (Block 1) will be reached at
the 1450 level July 2013 (15 months
from IPO)
 Expect to increase rate of mining to up to
3000t per week once 1450 level is
(1) References to exploration target size and target mineralisation in this
report are conceptual in nature and should not be construed as indicating the reached (150,000tpa)
existence of a JORC Code compliant mineral resource. There is insufficient
information to establish whether further development and exploration will
result in the determination of a mineral resource within the meaning of the
JORC Code.

11. Established Operation
Since 2008 $17 million has been spent
achieving:
 Consolidation of mining & exploration
tenement position
 Fully operational mine site and
infrastructure
 Significant decline development –
currently at the 1620 Level
 Mining of the 1650 and 1625 Stock
works – approx. 5000t currently
stockpiled on site
 Off–site treatment agreement reached
with Octagonal Resources Limited
(ASX:ORS)
Portal A1 Gold Mine August 2011
 Trucking commenced on 27 February
2012 at a rate of 1,000 t per week

12. Mine Development
 The underground decline ramp being developed –
Current development focus is on accessing the 1400 Level Stockworks
 Currently averaging approx. 100 metres
development per month – expected to reach 1450
level July 2013.
 Lateral development at the 1650 Level has been
completed and is ready for production mining.
Development of the1625 Level is ongoing, currently
at 120m strike length.
 The path of the decline ramp has been designed to
allow for production mining from the 1650 and 1625
Design
Development
Stockworks
 JORC exploration target of 70,000 to 100,000
tonnes at 5 – 11 g/t Au (IGR) at the 1650 Level
 Recent bulk sample metallurgical test-work has
returned an average headgrade of 8.4 g/t Au
 Drawing is not to scale and for illustration purposes only

13. Site Infrastructure
Upon IPO completion will have 100%
ownership of all site infrastructure, plant
and equipment.
Surface Infrastructure includes:
 Administration office and first-aid facility
 State grid power, phone, internet and
mine-radio system
 Drill core and sample preparation facility
 Heavy equipment workshop, fuel and oil
storage
Surface Infrastructure A1 Gold Mine looking south October 2011

14. Equipped to Mine
The company is fully equipped to
undertake mine development. Plant and
machinery owned by the company
includes*:
Jumbo Development Drills
 Underground LHD Loaders
 Articulated Dump Trucks
 Service Loader
 Light Vehicles
 New Diamond Drill
1650 Development A1 Gold Mine August 2011
*Upon IPO completion

15. Mining Strategy 2012
Estimated Cash Cost per Ounce  1650 and 1625 Stock works currently
being mined
Grade Tonnes/oz Production Cost/oz
g/t t $ $  5,000t currently stockpiled on site. Mining
at 1000 tonnes per week
4.0 7.8 $155 $1,205.28
 Off–site treatment agreement reached
5.0 6.2 $155 $ 964.22
with Octagonal Resources Limited
6.0 5.2 $155 $ 803.52 (ASX:ORS)
7.0 4.4 $155 $ 688.73
8.0 3.9 $155 $ 602.64
 Haulage commenced 27 February 2012
and expect to treat approx. 1000t per
9.0 3.5 $155 $ 535.68
week
10.0 3.1 $155 $ 482.11
11.0 2.8 $155 $ 438.28  Potential low cost of production – bulk
12.0 2.6 $155 $ 401.76
sample average head grade of 8.4 g/t
indicates cash cost < $600/oz
(1) References to exploration target size and target mineralisation in this report are conceptual in nature and should not be construed as indicating the existence of a JORC Code
compliant mineral resource. There is insufficient information to establish whether further development and exploration will result in the determination of a mineral resource within the
meaning of the JORC Code.

16. Exploration Targets
 0.6 to 2.9mozs contained gold in JORC exploration target(1)
 Maiden JORC resource expected end Q2 2012 (from upper 1400 Stockworks)
Tonnage Grade Contained Oz
Mineralisation Comments
Range Range Range
Area
(t) g/t (oz)*
From To From To From To
Upper 1400
Mining July 2013
Stockworks 1,000,000 1,300,000 5.0 11.0 160,000 460,000
Exploration 2013-
Lower 1400 800,000 1,000,000 3.0 9.0 77,000 290,000
2014
Stockworks
4,000,000 6,000,000 3.0 11.0 385,000 2,100,000
Exploration 2014
Northern Extension
70,000 100,000 5.0 11.0 11,000 35,000
Current Work
1650 Stockworks
Total 633,000 2,885,000
(1) References to exploration target size and target mineralisation in this report are conceptual in nature and should not be construed as indicating the existence of a JORC Code
compliant mineral resource. There is insufficient information to establish whether further development and exploration will result in the determination of a mineral resource within the
meaning of the JORC Code.

17. Exploration Potential
A1 Gold Mine – Northern Extension
 1400 m of diamond drilling completed to
date
 Drilling confirms:
• Dyke Corridor extends >400m north
• Mineralised Dyke still ~20m wide
• Reef material at 9.7 g/t gold Au
 JORC Exploration Target:
• 4 to 6 million tonnes with a grade
range of 3 – 11 g/t Au(1)
 Potential to contain up to 2.1moz Au
based on JORC exploration target
(1) References to exploration target size and target mineralisation in this report are conceptual in nature and should not be construed as indicating the existence of a JORC Code
compliant mineral resource. There is insufficient information to establish whether further development and exploration will result in the determination of a mineral resource within the
meaning of the JORC Code.

18. Exploration Potential
A1 Gold Mine – Southern Extension
Southern Dyke Extension:
• Underground drill platform is ready;
• target area 400m strike and up to
30m wide.
 Western Dyke – Identified in 2008 from
drilling that confirmed:
• Dyke is mineralised
• Existence of multiple dykes
• Potential to add resource ounces

19. 2012 Development Strategy
 Commence processing from 1650
and 1625 Stockworks at 50,000 tpa
 Continue mining at a rate of 1000t per
week
 Continue decline development to
access and mine the high grade 1400
Level
 Undertake mine definition drilling to
explore extensions to the known
First truck being loaded from stockpiles on site 27 February 2012 stockwork zones.
(1) References to exploration target size and target mineralisation in this report are conceptual in nature and should not be construed as indicating the existence of a JORC Code
compliant mineral resource. There is insufficient information to establish whether further development and exploration will result in the determination of a mineral resource within the
meaning of the JORC Code.

20. IPO Details
 A1 to raise $8m of new equity through the issue of 26.67m shares at $0.30/share.
 Capacity to accept oversubscriptions for an additional $2 million.
 $8 million of pre commitments in place
 Market capitalisation at minimum subscription $41.3m (at $0.30)
 Indicative capital structure upon completion of IPO assuming minimum subscription:
Valuation
Ownership
Shares (M) Options (M) $ Raised (M) based on IPO
(%)
Price
Currently on
55.2 26.6 $9.7 16.5 40.0
issue
Vendor
Shares to be 56.0 26.6 0 16.8 40.6
Issued
IPO 26.6 0 *8.0 8 19.3
TOTAL 137.8 26.6 17.7 41.3 100
 *The Company has issued 20 million Unlisted Management Options exercisable at $0.40 with an expiry date of 31
December 2014. The Company also has 6.6 million unlisted options on issue exercisable at $0.40 on or before March
2014.
 Escrow:
 Approximately 78.8m shares expected to be escrowed for 24 months from date of listing
 Further 6.3 million shares (mostly issued at $0.15) are expected to be escrowed for 12 months from date of issue and be
released in batches June, August, September, December 2012 and February 2013.
 Of the remaining shares issued pre IPO 13.3 million have been issued at $0.30 (December 2011)
 Approximately 24 million Pre IPO shares tradeable day 1 (majority issued at $0.15 and $0.30 to investors introduced by the
Board and management)

21. Use of Funds
 The funds raised under the IPO offer will be used as follows:
Full Subscription ($M) Oversubscription ($M)
Current Cash 2.8 2.8
Total Raised in the IPO 8.0 10.0
Less Costs (0.8) (0.9)
TOTAL FUNDS AVAILABLE 10.0 11.9
USE OF FUNDS
Decline and Mine Development 6.1 7.5
Mine Definition and
1.1 1.6
Exploration
Regional Exploration 0.4 0.4
Administration and Working
2.4 2.4
Capital Costs
TOTAL 10.0 11.9

22. Indicative Timetable
Date 2012
Prospectus Lodged 3 April
IPO Offer Open to Public 11 April
IPO Offer closes 29 May
Despatch of Holding Statements Week 1 June 2012
Expected Date of Listing on ASX Week 2 June 2012

23. Summary
 Upon IPO completion the Company will have $10m cash, no debt and no plans to have
debt
 JORC exploration targets(1) of 0.6 to 2.9moz Au
 All on site infrastructure and mining equipment in place
 Currently mining at ~1000 tonne per week and stockpiling on site
 Toll treatment agreement with Octagonal Resources in place
 Trucking commenced 27 February 2012 – Processing expected to commence June
2012
 Potential low cost producer - $600/oz estimated cash cost of production based on the
mid point of the grade range in JORC exploration target
 Mining rate expected to significantly increase once 1400 Stockworks are reached
 Highly experienced Board, management and technical team
 A determination to keep labor costs low with small on site team
(1) References to exploration target size and target mineralisation in this report are conceptual in nature and should not be construed as indicating the existence of a JORC Code
compliant mineral resource. There is insufficient information to establish whether further development and exploration will result in the determination of a mineral resource within the
meaning of the JORC Code.

24. Moon Reef: No 18 Level, A1 Gold Mine
www.a1consolidated.com.au