Kingsrose Mining Ltd · ASX:KRM

Kingsrose Mining — Investor Presentation (September 2011)

27 slides from Kingsrose Mining's investor presentation, Sep 15, 2011

  1. Slide 1: Kingsrose Mining Limited – Gold Miners, August 2011

    For personal use only Kingsrose Mining Limited (ABN 49 112 389 910) ASX Code: KRM Gold Miners August 2011

  2. Slide 2: Who is Kingsrose Mining?

    Who is Kingsrose Mining? For personal use only • Gold miner in production Ø Targeting 45 koz gold, 500 koz silver production • One of the lowest cost producers in the world Ø Targeting US$150/oz (After silver credits) • High operating margins generating significant cash flow Ø $28 million in cash

  3. Slide 3: Way Linggo ownership

    Way Linggo ownership For personal use only Kingsrose Bapak Mining Limited Herryansjah 85% 15% PT Natarang Mining 100% Way Linggo

  4. Slide 4: Project - Sumatra, Indonesia

    Way Linggo Project - Sumatra, Indonesia For personal use only

  5. Slide 5: Underground mining

    Way Linggo - mining For personal use only Underground mining • Sub-vertical epithermal vein • Access via 2 adits & internal shaft • Hand-held stoping methods • Small scale boggers, locos and granbys on rails • Skip hoisting up slope to stockpile

  6. Slide 6: North Vein ore bodies – mine performance to date

    North Vein ore bodies For personal use only Mine performance to date Resource estimate grade Mining to date (approx) • 8.44 g/t Gold • 14.8 g/t Gold • 129 g/t Silver • 174 g/t Silver A Ore Body Zone B Ore Body Zone Quartz - Adularia – Clay Assemblage Quartz – Chlorite – Clay Assemblage 1020 Level Fa

  7. Slide 7: Main East Vein longitudinal section

    10150 mv 410100 mad OAK 19m@ 5.8Au/63.. = = ‘34m@ 18. 2Au/ 126g 1100 mit sae 1900 119m 20.4Au/ 18 SAg) aa t__joGin — 109m@20.6Au/ 18609) a 105m@14.7Au/ 23109) er ° an [27mO9.36Au/1056Ag 109m@ 25. 9Au/ 19: Soe grenntn sag — [aml A se: TL year 1080 100 ee 37m05.8Au/57A9 eS 539022. 7Au/3274g Saeiinsine

  8. Slide 8: Mining – extension potential

    Way Linggo - mining For personal use only • Orebody is only drilled 350m along strike and 150m vertically • Ore system open in all directions and indications are that it is a telescoping system • Moved 2 rigs to drill extensions • Excellent potential to extend resources at Way Linggo mine

  9. Slide 9: Mining summary

    Way Linggo – mining summary For personal use only Summary • 4-5 years mine life • 2 years developed • Production rate targeting 400 tpd steady state !"#$&/(0%1230#& 73,#8259,:#;<#=53>20,# 1?6,:#73,#@32:,# $)*!!!## $!"!# ('"!# $!*!!!## (&"!# '($&!"#$%&+-.& !"#$%&'($&)(*%$&+),-.& (%"!# ()*!!!## ($"!#

  10. Slide 10: Process plant

    Way Linggo – process plant For personal use only 140,000 tpa Plant Crushing Milling Leach Merrill Crowe *+,,$-."&/0.1/%$ Smelting 25,000 20,000 !"#$%&''()$ 15,000 10,000 5,000 0 ' %' ' %' %& %& $% $% )$ #$ / +, (" -. !" *

  11. Slide 11: Process plant improvements

    Way Linggo – process plant For personal use only Improvements Initially there were clay handling problems restricting throughput Remedy SAG Mill installation and minor circuit modifications • improve plant operability and de-risk the process Opportunity to expand plant to 600 t/day • Reduce operatin

  12. Slide 12: Production scorecard

    Way Linggo - production scorecard For personal use only 2010/2011 Steady Expanded State Capability Mine throughput t 61,068 140,000 200,000 Mine grade g/t gold 13.0 12.0 12.0 g/t 162 144 144 silver Mill throughput t 66,336 140,000 200,000 Mill grade g/t gold 14.1 12.0 12.0 g/t 179 144 144 silver Gol

  13. Slide 13: Financial scorecard

    Way Linggo - financial scorecard For personal use only 2010/2011 Steady State Expanded Capability Mining cost $/oz 119 200 140 Process cost $/oz 253 215 180 Admin cost $/oz 92 75 50 Operating cost $/oz 464 490 370 Operating cost after $/oz 142 150 80 silver credits D&A $/oz 246 210 200 Government ro

  14. Slide 14: Exploration – low sulphidation epithermal gold

    Exploration – low sulphidation epithermal gold For personal use only

  15. Slide 15: Exploration targets and priorities

    15 exploration targets For personal use only 3 exploration priorities Talang cluster Way Linggo mine Semung Kecil Ø 11 rigs in action Ø 6 field teams Ø $14 million budget over the next 12 months

  16. Slide 16: Talang cluster of prospects

    Talang cluster of prospects For personal use only

  17. Slide 17: Talang cluster of prospects

    Talang cluster of prospects For personal use only Talang cluster – 3 main veins identified •Talang Santo •Talang Toha •Talang Samin 5 new prospects identified •Petai Kayu •Talang Karang Tengah •Sindang Jaya •Talang Penangkulan •Talang Palas Preserved epithermal centre

  18. Slide 18: Talang Santo – drilling results

    Talang Santo – drilling results For personal use only DDH 194 2.4m @ 7.5 g/t Au, 35 g/t Ag and 3.9m @ 9.2 g/t Au, 21 g/t Ag DDH 199 1.1m @ 46.9 g/t Au, 88 g/t Ag and 4.35m @ 10.0 g/t Au, 25 g/t Ag DDH 206 4.80m @ 10.3 g/t Au, 34 g/t Au and 2.00m @ 5.01 g/t Au, 10 g/t Ag DDH 207 1.45m @ 10.2 g/t Au,

  19. Slide 19: Talang Santo – a potential 2nd mine

    Talang Santo – a potential 2nd mine For personal use only Ø Talang Santo only 7 km NNE from Way Linggo. Ø Access road complete - 17 km long • Haul road standard to Way Linggo Ø Total 6 rigs at Santo end of August 2011 Ø Fast track resource definition Ø Already shaping up as similar size to Way

  20. Slide 20: Talang cluster of prospects

    Talang cluster of prospects For personal use only

  21. Slide 21: The right geological setting

    Way Linggo – the right geological setting For personal use only Highly prospective geological setting Rim of Fire structural setting Trans Sumatra Fault Zone (TSFZ) Host to major gold and copper mines Host to tertiary gold deposits • Most significant source after Witwatersrand Basin South Africa

  22. Slide 22: Gold producer

    Way Linggo – gold producer For personal use only

  23. Slide 23: SARINC Zinc/Lead Tailings Project - Sardinia, Italy

    SARINC Zinc/Lead Tailings Project - Sardinia, Italy For personal use only Highlights • Historic tailings deposits estimated at between 70‐90Mt @ target grades between 1.7 ‐ 2.5% Zn and 0.4 – 0.6% Lead. 1 Objectives • Metallurgical testwork to ascertain recoverability of minerals and basic flowsheet.

  24. Slide 24: Investment proposition

    Kingsrose Mining Limited For personal use only Investment proposition •One of the lowest cost gold mines in the world •Risk free gold exposure with significant upside – Already producing and capital sunk •High margins – gold price less $150/oz •Strong stock performance – Up 60% in last 12 months (as

  25. Slide 25: General Disclaimer

    For personal use only General Disclaimer This presenta,on has been prepared by Kingsrose Mining Limited (“Kingsrose” or the “Company”). It should not be considered as an offer or invita,on or inducement to subscribe for or the purchase of any securi,es in the Company. This presenta,on contains foreca

  26. Slide 26: Board of Directors

    Board of Directors For personal use only John Morris Mr. Morris has over 36 years experience in exploration, project development and management of public listed resource companies. He has held prior directorships in a number of gold and base metals public companies in Australia and Chairman overseas

  27. Slide 27: Snowden's resource estimate

    Way Linggo - Snowden’s resource estimate For personal use only Deposit Classification Tonnes Au g/t Ag g/t AuEq g/t AuEq oz Measured 309,000 10.99 167 13.78 137,000 North Vein Indicated 89,000 6.78 113 8.65 24,900 Inferred 125,000 4.81 81 6.16 24,800 Sub-total 523,000 8.79 137 11.08 186,600 Hangingw

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