Kimber Res — Kimber Resources — Investor Presentation (June 2012)
33 slides from Kimber Res's investor presentation, June 2012
Slide 1: Developing Mexico's Next Gold-Silver Mine
TSX: KBR my KIMBER RESOURCES NYSE MKT:KBX DEVELOPING Mexico’s NEXT GOLD-SILVER MINE BUILDING VALUE WITH COMMITMENT June 2012 www.kimberresources.com
Slide 2: Kimber Resources
KIMBER RESOURCES Monterde Project - 100% - owned 29,000 hectares located in Mexico’s prolific Sierra Madre gold-silver belt Preliminary Economic Assessment (“PEA”) - July 2011 Potential for a low cost, long-lived gold-silver mine Estimated Annual Production 58,000 oz gold + 1.9 million oz silv
Slide 3: Why Kimber?
WHY KIMBER? Monterde PEA showing potential for low cost gold-silver production with long life Updated Mineral Resource Estimate – in progress. Majority of gold-silver mineral resources in the “Measured and Indicated” category Excellent platform for advancing towards production decision Potential f
Slide 4: Management
MANAGEMENT MANAGEMENT Gordon Cummings C.A. President and CEO – over 22 years of finance and management expertise. James A. Currie P.Eng. COO – former COO at NewGold with over 33 years of mining experience Lyn Davies C.A. CFO – over 25 years of experience in public practice and finance roles. NON-EXE
Slide 5: Capital Structure
CAPITAL STRUCTURE May 31, 2012 Shares Outstanding 82.5M Fully Diluted 93.7M Market Capitalization C$55.2M Share Price TSX: KBR C$ 0.67 NYSE AMEX: KBX US$0.67 Cash C$1.85M Working Capital C$3.15M Long-Term Debt NIL 5
Slide 6: Monterde
MONTERDE WELL POSITIONED IN THE PROLIFIC SIERRA MADRE GOLD BELT 6
Slide 7: Mineral Resources at Carmen
MINERAL RESOURCES AT CARMEN (PEA July 22, 2011) Carmen Mineral Resource Estimate Carmen Open Pit cutoff at 0.3 g/t Au Eq Oz, Outside Pit cutoff at 2.0 g/t recoverable gold equiv. Contained In Situ Contained In Situ In situ Gold Grade In Situ Silver Grade Classification Location Tonnes (000s) Gold Si
Slide 8: Monterde 2011 Preliminary Economic Assessment
MONTERDE 2011 Preliminary Economic Assessment Payable Gold Payable Silver Total: 11.68 M tonnes 744,000 oz 20.2 M oz Open Pit Underground Tonnes 5.95 M 5.73 M Grade Gold 1.12 g/t 3.16 g/t Silver 98.7 g/t 85 g/t Est. Mine Life 9 yrs 15.5 yrs LOM Recovery Avg. gold 95% and silver 60% LOM Recoverable G
Slide 9: Monterde - Exploration
MONTERDE - Exploration 2011-12 Exploration Success Over 55,000 metres drilled since January 2011 with a focus on converting Inferred to Indicated Significant high-grade gold-silver intersected below Carmen Mineral Resource Identification of new high-grade gold-silver structures 2012 Exploration Focu
Slide 10: Monterde Simplified Geology and Surface Mineralization
MONTERDE MONTERDE MONTERDE STRATIGRAPHIC COLUMN Monterde Simplified Geology and Surface Mineralization Deposit ¥ } Mineralized Target ~~ Mineralization Intercepted ® at Depth, Est. Strike % Scale: n/s June 2012 Deposit 4 Area of Detailed| evi ) wy Pail TSX: KBR www.kimberresources.com NYSE AMEX:KBX
Slide 11: Proposed Open Pit & Surface Mineralization at Carmen
PROPOSED OPEN PIT & SURFACE MINERALIZATION AT CARMEN 11
Slide 12: Monterde – Carmen Deposit: Highlights of 2011 Drilling
MONTERDE – CARMEN DEPOSIT Highlights of 2011 Drilling From To Silver Label Zone Section Drill Hole (m) (m) Width (m) Gold (g/t) (g/t) 1*** Carmen Deep* 30 MTRD-476 565.5 570.4 4.9 78.4 128 2*** Carmen Deep* 34 MTRD-477 255.5 260.7 5.2 51.9 1,077 3*** Carmen Deep* 38 MTRD-473 188.0 192.0 4.0 25.1 13
Slide 13: Carmen Longitudinal Section
CARMEN gm x m AuEq LONGITUDINAL SECTION * Long Section only illustrates Carmen structure within the Carmen deposit 13
Slide 14: Section 34
Section 34 MTC-142A – NEW COCOS STRUCTURE -7.0m @ 18.3 g/t Au and 374.3 g/t Au - From 363.0m – 370.0m MTRD-477 - 5.2m @ 51.9 g/t Au and 1,076 g/t Ag - From 255.5m - 260.7m - 0.9m @ 44.5 g/t Au and 38.2 g/t Ag - From 418.5m - 419.4m - 1.2m @ 28.2 g/t Au and 26 g/t Ag - From 432.0m – 433.2m - intersec
Slide 15: Section 31 – Carmen East
Section 31 – Carmen East Hole MTC - 163 • Multiple Mineralized Intercepts along northeast directed drill hole suggesting good potential for additional structures with high-grade gold-silver mineralization. Gold Intercept* Gold Silver Drill Hole Section From (m) To (m) Equivalent** (m) (g/t) (g/t) (g
Slide 16: Social and Environmental Factors
Social and Environmental Factors All projects in mining friendly Mexico Experienced Mexican exploration team Excellent relationships and history of accommodation with two active Ejidos at Monterde: Health and Dental Brigades Capacity and infrastructure building Roundtable discussions No time l
Slide 17: Kimber Value: NPV vs Market Capitalization
KIMBER VALUE Per Monterde 2011 Updated Preliminary Economic Assessment: NPV** vs Kimber Market Capitalization* After Tax, 8% discount $500 $450 US$471.8M $400 $350 $300 $250 $200 US$211.9M $150 $100 $50 KIMBER MARKET CAPITALIZATION* $- US$1,100 Gold/oz US$1,500 Gold/oz US $19 Silver/oz US $35 Silver
Slide 18: Kimber Value: Total Gold Ounces
KIMBER VALUE TOTAL GOLD OUNCES BASED ON Au.Eq. (millions) GOLD PRICE $1150 Esperanza Resources SILVER PRICE $20 Goldgroup Mining Kimber Resources Timmins Gold Paramount Argonaut Gold 0.0 2.0 4.0 6.0 8.0 10.0 18
Slide 19: Kimber Value: Gold Valuations
KIMBER VALUE GOLD VALUATIONS BASED ON TOTAL Au.Eq. Market Cap/oz Au eq. GOLD PRICE $1150 Kimber Resources SILVER PRICE $20 Goldgroup Mining Esperanza Resources Paramount Timmins Gold Argonaut Gold $- $20 $40 $60 $80 $100 $120 $140 Updated from May 31, 2012 $57 Average See NI43-101 Statements at end
Slide 20: Kimber Value: Total Silver Ounces
KIMBER VALUE TOTAL SILVER OUNCES BASED ON Ag Eq (millions) Great Panther GOLD PRICE $1150 SILVER PRICE $20 Fortuna Silver Endeavour Silver Kimber Resources Arian Silver Mag Silver Golden Minerals Orko Silver First Majestic Paramount 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 * Mag Silv
Slide 21: Kimber Value: Silver Valuations
KIMBER VALUE SILVER VALUATIONS BASED ON TOTAL Ag. Eq Kimber Resources GOLD PRICE $1150 SILVER PRICE $20 Arian Silver Paramount Golden Minerals Orko Silver Fortuna Silver First Majestic Endeavour Silver Mag Silver Great Panther $- $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $9.00 $10.00 Updated f
Slide 22: Specific Plans 2012
SPECIFIC PLANS 2012 Continued drilling at Monterde Updated Carmen mineral resource estimate to be completed: to include 2011 drilling Advance towards a production decision Feasibility-level work programs taking place at Monterde during 2012: including geotechnical matters water and waste manag
Slide 23: Summary
SUMMARY Exploration Upside Carmen-Hilos-Cob still open at depth and along strike New structures discovered at Carmen East hosting high-grade gold-silver mineralization – good potential for further drilling Valuation Positive Monterde PEA based on existing mineral resources suggests Kimber unde
Slide 24: Additional Information June 2012
Additional Information June 2012 24
Slide 25: Monterde - History
Monterde - History 1700s: Gold discovered by Spanish 1937-1943: High-Grade production Reported production of 68,000t at 19.3 g/t gold and 311 g/t silver Production halted due to lack of supplies during World War II 2000: Monterde acquired by Kimber 2002: Kimber listed on the TSX Venture Upgrad
Slide 26: Monterde – Veta Minitas and Carótare Total
MONTERDE – VETA MINITAS and CARÓTARE TOTAL MINERAL RESOURCES (OUTSIDE CARMEN) (At a 0.3g/t Recoverable Gold Equivalent Cut-off) Base Case Total Mineral Resources Estimate (Inclusive of High Grade) for the Veta Minitas and Carotare Deposits Classification Tonnes In Situ Gold In Situ Silver Contained
Slide 27: Monterde - Veta Minitas and Carótare High Grade
MONTERDE - VETA MINITAS and CARÓTARE HIGH GRADE MINERAL RESOURCES (OUTSIDE CARMEN) (At a 2g/t Recoverable Gold Equivalent Cut-off) Base Case High Grade Mineral Resource Estimate for the Veta Minitas and Carotare Deposits Classification Tonnes In situ Gold In Situ Silver Contained In Contained In Sit
Slide 28: July 2011 PEA – Operating and Capital Costs
MONTERDE July 2011 – Preliminary Economic Assessment Operating and Capital Costs Operating Cost Open Pit $14.50/t ore Underground $40.07/t ore Mill $13.88/t ore G&A $0.98/t ore Total cash costs $41.90/t ore Initial Capital Costs US$100.1m and Total Capital Costs of US$119.3m including $28.
Slide 29: Preliminary Economic Assessment: Undiscounted Net Cash Flows
MONTERDE Preliminary Economic Assessment Undiscounted Net Cash Flows 3 Year Trailing Ave Near Spot June 8, Base Case March 31, 2011 2011 Gold Price (US$/Oz) $1,100 $1,050 $1,500 Silver Price (US$/Oz) $19.00 $18.00 $35.00 Pre-Tax (millions) $585.1 $527.7 $1,205.5 After Tax (millions) $430.2 $388.9 $8
Slide 30: NI43-101 Compliance
NI43-101 COMPLIANCE Compliance with National Instrument 43-101 The economic assessment in the PEA is preliminary in nature and uses inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized
Slide 31: NI43-101 Compliance (continued)
NI43-101 COMPLIANCE (continued) The mineral resource estimate for the Carmen and Veta Minitas Deposit’s at Monterde were prepared by Mr. Gary Giroux P.Eng., a senior associate of Micon International, and the results for Carmen are effective at November 17, 2009 and for Veta Minitas at November 30, 2
Slide 32: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains certain statements which may be viewed as forward-looking statements that involve risks and uncertainties. When used herein, the words “believes”, “anticipates”, “expects” and similar expressions are intended in certain circumstances, to identify forw
Slide 33: Developing Mexico's Next Gold-Silver Mine
TSX: KBR my KIMBER RESOURCES NYSE MKT:KBX DEVELOPING Mexico’s NEXT GOLD-SILVER MINE BUILDING VALUE WITH COMMITMENT June 2012 www.kimberresources.com 33