Slide 1: Kingsrose Mining Limited – Gold Miners, December 2011
For personal use only Kingsrose Mining Limited (ABN 49 112 389 910) ASX Code: KRM Gold Miners December 2011
Slide 2: 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
Slide 3: 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 $33 million in cash
Slide 4: Way Linggo ownership
Way Linggo ownership For personal use only Kingsrose Bapak Mining Limited Herryansjah 85% 15% PT Natarang Mining 100% Way Linggo
Slide 5: Way Linggo - mining
Way Linggo - mining For personal use only Underground mining • Sub-vertical epithermal vein • Access via 2 adits & internal shaft • Hand-held stoping methods • Small scale boggers, locos and granbys on rails • Skip hoisting up slope to stockpile
Slide 6: North Vein ore bodies – mine performance to date
North Vein ore bodies For personal use only Mine performance to date Original resource estimate grade Mining to date (approx) • 8.44 g/t Gold • 14.8 g/t Gold • 129 g/t Silver • 174 g/t Silver A Ore Body Zone B Ore Body Zone Quartz - Adularia – Clay Assemblage Quartz – Chlorite – Clay Assemblage 1020
Slide 7: North Vein longitudinal section
NORTH VEIN LONGITUDINALSECTION MAIN EAST VEIN
Slide 8: Way Linggo – process plant
Way Linggo – process plant For personal use only 140,000 tpa Plant Crushing Milling Leach Merrill Crowe Smelting *+,,$-."&/0.1/%$ 35,000 30,000 25,000 !"#$%&''()$ 20,000 15,000 10,000 5,000 0 ' ' %' ' ' %' %& %& %% %% $% $% #$ )$ #$ )$ +, / (" (" !" !" -. *
Slide 9: Way Linggo – 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 • improved plant operability and de-risked the process Opportunity to expand plant to 600 t/day • Reduced oper
Slide 10: Way Linggo - 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
Slide 11: Way Linggo - 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
Slide 12: Exploration targets and priorities
15 exploration targets For personal use only 3 exploration priorities Talang cluster Way Linggo mine Semung Kecil Ø 12 rigs in action Ø 6 field teams Ø $14 million budget over the next 12 months
Slide 13: 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,
Slide 14: 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 Ø Fast track resource definition Ø Already shaping up as similar size to Way Linggo and still op
Slide 15: Resource Estimate
Resource Estimate For personal use only Classification Tonnes Au g/t Ag g/t Au oz Ag oz Measured Way Linggo 467,400 12.44 166.8 186,940 2,506,500 Indicated Way linggo 182,800 6.09 84.5 35,790 497,600 Inferred Way Linggo 60,200 3.77 38.1 7,300 73,700 Subtotal Way Linggo 710,000 10.24 135.6 230,030 3,
Slide 16: Commenced Exploration Adit & drive at Talang Santo
Commenced Exploration Adit & drive at Talang Santo For personal use only
Slide 17: Way Linggo Area – Way Sapta
Way Linggo Area – Way Sapta For personal use only Ø Outcropping vein discovered in November 2011 Ø Mineralised with similar gold/ silver ratio as Way Linggo Ø Possibly the faulted extension of Way Linggo or a parallel vein. Ø Preparing access and mobilising man portable drill rig for December dr
Slide 18: Way Sapta outcropping vein
Way Sapta outcropping vein For personal use only
Slide 19: Semung Kecil
Semung Kecil For personal use only Historical Current Progress Ø Geologically similar to Ø Geological Mapping and Way Linggo and highly geological re- prospective interpretation completed Ø High grade rock float Ø Access path and fly samples camp established Ø Mineralised outcropping Ø Drill r
Slide 20: Evaluation of data identifying new priority targets
For personal use only Evaluation of data identifying new priority targets
Slide 21: Roworejo
Roworejo For personal use only • Identified a Sinter, outcropping breccia and a hot spring in the area • 1 drill hole drilled to 307m • CSAMT survey conducted
Slide 22: Way Linggo DDH-251 CSAMT geophysics, line 11000
ooo. - & PT Natarang Mining PROJECT : WAY LINGO. DDH-251 PROJECTED TO LINE 11000 CSAMT GEOPYSICS DDH-251, Interceps Phot
Slide 23: Way Linggo DDH-251 CSAMT geophysics, line 11200
3u000'9 3w00z'9 6000 6200 DDH-251, Interceps Ht 2 6400 3w009'9 6600 3wW008'9 3wW000' Bwooz'L & PT Natarang Mining PROJECT : WAY LINGGO ODH-251 PROJECTED TO LINE 11200 CSAMT GEOPYSICS
Slide 24: Way Linggo DDH-251 CSAMT geophysics, line 11400
3woor's 3009'9 3wo0e'9 3W000'L 3wo0z"L 2 o 2 is 8 8 S S 3 3 in im DDH-251 6000 6200 6400 6600 6800 @) PT Natarang Mining PROJECT. WAY LINGGO DDH-251 PROJECTED TO LINE 11400 i CSAMT GEOPYSICS
Slide 25: Talang cluster of prospects
Talang cluster of prospects For personal use only
Slide 26: Petai Kayu
Petai Kayu For personal use only )"$)%&'% )"*$%&'% !"()%&'% !"#$%&'%
Slide 27: Priority targets and more targets undergoing evaluation
5 Priority For personal use only Targets 3 More Targets undergoing further evaluation - Rawa Gabus - Curing - Way Handa
Slide 28: Investment proposition
Kingsrose Mining Limited For personal use only Investment proposition • One of the lowest cost gold mines in the world • Low Risk gold exposure with significant upside – Already producing, capital sunk, no debt, high cashflow • High margins – gold price less $150/oz • Strong stock performance – Up 6
Slide 29: Way Linggo – gold producer
Way Linggo – gold producer For personal use only
Slide 30: 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