Slide 1: Mining 2009 Resources Convention – Andash Presentation
Kentor Gold For personal use only Mining 2009 Resources Convention Andash Presentation Simon Milroy Managing Director of Kentor Gold 28 October 2009 KGL Corporate Presentation October 2009 Page 1
Slide 2: Andash Introduction
Andash Introduction For personal use only Advanced project JORC Resources and Reserves Feasibility study complete Environmental and social assessment Mining licence issued Mining equipment purchased KGL Corporate Presentation October 2009 Page 2
Slide 3: Central Asia
Central Asia For personal use only KGL Corporate Presentation October 2009 Page 3
Slide 4: Tianshan Gold Belt
Tianshan Gold Belt Andash located in the Talas valley which hosts a belt of porphyry For personal use only copper gold deposits Talas Valley KGL Corporate Presentation October 2009 Page 4
Slide 5: View from Andash Orebody looking south
View from Andash Orebody looking south For personal use only • Easy topography • Good road access • Nearby power • Nearby water • Nearby rail KGL Corporate Presentation October 2009 Page 5
Slide 6: Movie from Plant Site
For personal use only o 360 Movie from Plant Site KGL Corporate Presentation October 2009 Page 6
Slide 7: The Deal
The Deal Purchase 80% of Andash for $US10 million. For personal use only Purchase mining equipment for US$5m. KGL Corporate Presentation October 2009 Page 7
Slide 8: Aurum Feasibility Study
Aurum Feasibility Study For personal use only Feasibility study Jan 2007 2 mtpa Crush, grind and float High grade concentrate 22.3% Copper, 82 g/t Gold No deleterious elements GRD Minproc appointed KGL Corporate Presentation October 2009 Page 8
Slide 9: Aurum Feasibility Study
Aurum Feasibility Study Capital cost US$55.4m* For personal use only Life of mine average cost per tonne US9.60/t ore processed* Project Operating Costs US$/t Operating cost of Mining (ore) 1.09 US$223/oz Au equivalent* Mining (Waste) 1.11 Low costs due to :- Mineral Processing 5.14 G&A 2.55
Slide 10: Planned Annual Production
Planned Annual Production For personal use only Gold Production 60,000 oz Copper Production 5,000 t KGL Corporate Presentation October 2009 Page 10
Slide 11: JORC Resources
JORC Resources For personal use only KGL Corporate Presentation October 2009 Page 11
Slide 12: High Grade Copper/Gold Project
High Grade Copper/Gold Project For personal use only Project Cu Grade (%) Au Grade (g/t) Resource Value/tonne (US$/t) Andash Resource 0.4 1.1 $ 51.83 Didipio Resource 0.38 0.85 $ 43.60 Phu Kham Resource 0.65 0.25 $ 39.73 Lumwana Resource 0.76 0.02 $ 38.58 Cadia Open Pit Resource 0.14 0.6 $ 24.36 Tel
Slide 13: Andash Licence Area
Andash Licence Area For personal use only 9.9m @ 7.9g/t Au 8m @ 6 g/t Au 57m @ at 1.5g/t Au, 1.4% Cu KGL Corporate Presentation October 2009 Page 13
Slide 14: Open Pit and Ore Body
Open Pit and Ore Body For personal use only Wide ore body, bulk mining Outcrops Low strip ratio 0.8:1 Gold Grade (g/t) KGL Corporate Presentation October 2009 Page 14
Slide 15: Open Pit Long Section
Open Pit Long Section For personal use only • Low Strip Ratio • Base of pit follows footwall • Opportunity for high grade starter pit KGL Corporate Presentation October 2009 Page 15
Slide 16: Andash Cross Section
Andash Cross Section For personal use only 2350 RL Legend 2300 RL 2250 RL KGL Corporate Presentation October 2009 Page 16
Slide 17: Development Timetable
Development Timetable For personal use only Quarter Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Due Diligence Acquisition Funding Update & Optimise BFS Project Finance Construction Commissioning KGL Corporate Presentation October 2009 Page 17
Slide 18: Mining & Construction Fleets
Mining & Construction Fleets For personal use only KGL Corporate Presentation October 2009 Page 18
Slide 19: Strategy
Strategy For personal use only Bring Andash Zone 1 into production, enabling the Company to be re-rated as a producer Aggressive drilling programme on exploration opportunities with key focus on Tokhtonysay and Nakhodka Obtain JORC resource classification on Zones 2 and 3 First mover advanta
Slide 20: Experienced Team
Experienced Team For personal use only John Barr AM, MAICD Chairman, Non-Executive (Former director Oxiana, Transurban, Acacia and Iluka) Simon Milroy B.Eng (Mining) Managing Director (Formerly GM Project Development for Pan Aust, former Mining Manager Kingsgate) Hugh McKinnon B.Eng. (Mini
Slide 21: For more information contact
For personal use only For more information contact Simon Milroy on +61 7 31213206 or visit www.kentorgold.com ASX Code: KGL | Level 36, Riparian Plaza, 71 Eagle St, Brisbane, QLD, AUSTRALIA 4000 | Fax: (07) 3121 3030 Forward-Looking Statements: Competent Persons Statement: This presentation includes