Kingsgate Consolidated Limited · ASX:KCN
Kingsgate Consolidated — Shareholder Meeting (October 2004)
24 slides from Kingsgate Consolidated's shareholder meeting presentation, Oct 26, 2004
Slide 1: Kingsgate Consolidated Limited - Annual General Meeting 2004
Kingsgate Consolidated Limited ABN 42 000 837 472 26 October 2004 Via ASX Online FOR PUBLIC RELEASE (24 pages including cover letter) The Manager Announcements Company Announcements Office Australian Stock Exchange Limited Dear Sir or Madam Annual General Meeting 2004 We enclose a copy of the Chairm
Slide 2: Chairman's Address
Suite 801, Level & 14 Martin Place Sydney NSW 2003 P: +61 2 8256 4800 : F: +61 2 8256 4810 Ki ng sg a te E: info@kingsgate.com.au W: www.kingsgate.com.au Consolidated Limited CHAIRMAN’S ADDRESS Annual General Meeting Tuesday, 26 October 2004 This has been a significant year in the history of your co
Slide 3: Chairman's Address
Chairman's Address Annual General Meeting — 26 October 2004 Numerous new discoveries have been made to the north, south and west of current operations that have enabled us to define the Chatree Mineralizing System as stretching for at least 6 km and probably about 10 km. The advanced technologies an
Slide 4: Chairman's Address
Chairman's Address Annual General Meeting — 26 October 2004 The company is considering the implications of this in the context of the current Board of Investment approval. The final option adopted to meet this ownership requirement will be based on generating the maximum financial return to the comp
Slide 5: Kingsgate 2003/04
Kingsgate - Annual Ger era Meeting Kingsgate — 2003/04 AS 37./ million Net Profit 45.5¢/Share Earnings Zero - _Lost Time Injuries Zero Environmental Incidents 1.6/Mtonnes Ore Treated
Slide 6: Summary Year 2003/04
Summary Year Year 2003/04 2002103 * Gold Produced (oz) 449,979 154 Aga o4 a7 us 28 Earnings per Sha ¢ 0.65 Dividends (A$/share) 022 025 Net Cash (ASM) 60 10 Exploration success on and near mine site Operational Performance Head Grade Mill Throughput Gold Re Sas oma
Slide 7: Mill Construction and Expansion
Original Mill Construction Completed Expansion % Woe ay Wie sy Annualised Throughput HTN Hn
Slide 8: Divestiture - Under Control
Divestiture - Under 4CN Control » BOlincentives - 8 yr tax holiday + 51% “Thai ownership” by Nov 2006 @ Agreement (60% Australian) jon Process: - Understandi ig Value is critical + Actively Investigating Alternatives Appointing Thai Advisors Targeting mid 2005 resolution Public Negotiation is Inappr
Slide 9: Kingsgate - What We're Doing
Kingsgate — What We re Doing 1. Seeking New Business Opportunities 4. Vigorous Exploration & GROWTH & PROFITABILITY 1. Seeking Business Opportunities Single Operation Diversification Chatree Quality difficult to duplicate Springboard f As an opportunities "+ Opportunities elsewhere Financial Capacit
Slide 10: Grass Roots Exploration vs Acquisitions
"Grass roots’: Exploration + More expensive: * China + Jong lead time + South America + game geology Acquisitions + > US$100 foz + 30 Reviews + 17 Countries Acquiring Cost US$ioz Exploration Acquisition Increasing Focus _2. Operational (woo Excellence Environment Social Econom 180 9001 ~ Quality 1$O
Slide 11: Operational Excellence
2. Operational Excellence jajury Frequency Rate No LTI’s during 2003/04 2 million hours worked LTI - free Safety Record is 7 x better than Australia 3. Community Contribution Royalties / Taxes * Emergency Response «Temples + Water Supply
Slide 12: Community Contribution
_ 3. Community Contribution Emergency Training Community Expertise Contribution - Training / Expertise
Slide 13: Exploration
3, Exploration Expenditure: ( USSM) Ss S & * et 2: e = = o a rs es Exploration Strategy Components Medium Term: Replace Reserves Long Term: Company Growth
Slide 14: Short Term
i | Short Term *H Extension ” 65,000 oz “Pp Pit” Bonanza Grades + 100 git Short Term [ 3 FURTHER PROSPECT 8 DRILLING i Fuageaus rastece MONET Ketension to Reaches B Bently “S Prospect ” 10
Slide 15: Medium Term
Medium Term Alteration systert on HEE -eesourees “Reserve” » Major ~ Structures ii i HT HN any 1]
Slide 16: NMI Ng
i NMI Ng MMi, a Pre-March 2003 © Following Structure © Pre-March 2003 @ Following Structure © From Geophysics 12
Slide 17: Resistivity Targeting Tool
Resistivity Targeting Tool 3D modelling Soil data Ground IP Remotely sensed data Local mapping irborne TEM Airborm 13
Slide 18: Project Growth
Project Growth 2U04 2002 2004 | Project Growth MU rion o2 14
Slide 19: Project Growth
Project Growth » 75 % Controlled Multiple pits Long Term: FIRST MOVER Andean Are CosrFhetchabun Batt
Slide 20: Long Term
_Long Term Current SPL's Current ML's kilometers Long Term a7 Wee Ce ae, 4,500 sq kin | Airborne Geophysical Current SPL's Prospective Region: n i ie Current ML's + lpfrastructire current $PUn: i Lesrenst a Long Lie potential, | as ip fEEEEEES ey, Kilometers ian Eee op yh 16
Slide 21: Regional Prospects
Regional Prospects Numerous Prospective Targets within Economic Distance: - on Kingsaale Tenements Kilometres ‘snipe 17
Slide 22: Building Corporate Capacity
Building Corporate Capacity THEN Wil J arougnput + 25% -0% Rese Ves + 69% + 260% + 2,500 % Hedge Commitments 25% Net Cash 2M to * USSd2M Total Dividends Paid + Current Strategic Items Attract Promotion Investors ‘Production Chatree i i ' ii IH
Slide 23: Kingsgate - Where We're Going
Kingsgate — Where We're Going Strong Dividends | Strong Safety & Sustainability Performance To Enhance Shareholder Value Kingsgate — Who We Are Dividend Payments FIRST MOVER _” Large Gold Deposit New Gold Province GREAT COMPANY IN THE MAKING 19
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