Kimber Res — Kimber Resources — Shareholder Meeting (December 2011)
32 slides from Kimber Res's shareholder meeting presentation, Dec 7, 2011
Slide 1: Growing Gold and Silver Assets and on the Path to Production
TSX: KBR WWW.KIMBERRESOURCES.COM NYSE AMEX: KBX Growing Gold and Silver Assets and on the Path to Production AGM - December 7, 2011
Slide 2: Kimber Resources
KIMBER RESOURCES Monterde Project - 100%-owned 100% o ned ¾ 29,000 hectares located in Mexico’s prolific Sierra Madre gold-silver belt Preliminary Economic Assessment (“PEA”) - June 2011 ¾ Potential for a low cost, long-lived gold-silver mine ¾ Estimated Annual Production 58,400 oz gold + 1.9 millio
Slide 3: Why Kimber?
WHY KIMBER? Monterde PEA showing potential for high grade, low cost gold-silver production with long life Updated Mineral Resource Estimate expected in Q2-2012. Majority of gold-silver mineral resources in the “Measured and Indicated” category ¾ Excellent platform for advancing towards production de
Slide 4: Management
MANAGEMENT MANAGEMENT Gordon Cummings C.A. President and CEO –over 22 years of finance and management expertise. Marius Mare P.Geo VP Exploration –over 25 years of experience in the mining sector. Lyn Davies C.A. CFO –over 25 years of experience in public practice and finance roles. NON-EXECUTIVE DI
Slide 5: Capital Structure
CAPITAL STRUCTURE November 30, 2011 Shares Outstanding 82.4M Fully Diluted 92 6M 92.6M Market Capitalization C$88.2M Share Price TSX: KBR C$1.07 NYSE AMEX: KBX US$1.05 Cash C$8.5M Long-Term Debt NIL 5
Slide 6: Monterde
MONTERDE WELL POSITIONED IN THE PROLIFIC SIERRA MADRE GOLD BELT 6
Slide 7: Mineral Resources at Monterde
MINERAL RESOURCES AT MONTERDE At 0.3 0 3 g/t /t recoverable bl gold ld equiv. i cutt off ff In Situ Gold In Situ Silver Contained In Contained In Tonnes Grade Grade Situ Gold Situ Silver Classification (000s) (g/t) (g/t) (oz) (oz) Total Indicated 23,320 1.02 53.6 764,400 40,182,200 Total Inferred 16
Slide 8: Monterde Preliminary Economic Assessment - Production
MONTERDE Preliminaryy Economic Assessment - Production Mill Production over 15.5 years 11.68 M tonnes – 744,000 oz gold and 20.2 M oz silver O Open Pit - 5.95 M tonnes grading 1.12 g/t gold and 98.7 g/t silver Underground - 5.73 M tonnes grading 3.16 g/t gold and 85 g/t silver LOM recovery average:
Slide 9: 2011 Drilling to Upgrade/Expand Mineral Resources at Monterde
MONTERDE 2011 Drilling to Upgrade/Expand mineral Resources at Monterde Good p p g and upgrading potential for expanding pg g mineral resources with excellent results to date in 2011 Drilling extended mineralization at depth & along strike ¾ Main Carmen Structure ¾ Cob Structure Over 47 47,000 000 me
Slide 10: Monterde Simplified Geology and Deposit Area
MONTERDE ‘STRATIGRAPHIC COLUMN, Monterde -— Simplified Geology and Deposit 4 . . . Area of Surface Mineralization | Detailed Deposit ™& = Mineralized Target ~ Scale: n/s October 2011 500m, Sraptye Seate
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 Hi hli ht off 2011 D Highlights Drilling illi as att N November b 30 2011 From To Label Zone Drill Hole (m) (m) Width (m) Gold (g/t) Silver (g/t) 1*** Carmen Deep* MTRD‐476 565.5 570.4 4.9 78.4 128 2*** Carmen Deep* MTRD‐477 255.5 260.7 5.2 51.9 1,077 3*** Carmen Deep* MTRD
Slide 13: Drill Hole MTRD-477
DRILL HOLE MTRD MTRD-477 477 -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 -intersecting Carmen structure at depth 13
Slide 14: Drill Hole MTRD-476 and MTRD-502
DRILL HOLE MTRD-476 AND MTRD-502 -Hole MTRD-476 -4.9m @ 78.4 g/t Au and 127.9 g/t Ag -From F 565.5m 565 5 - 570.4m 570 4 -Intersected Carmen structure at depth -100 metres below previous drilling -Hole H l MTRD MTRD-502502 -3.0m @ 8.8 g/t Au and 7.7 g/t Ag -From 565.5m - 570.4m -Intersected Carmen s
Slide 15: Social and Environmental Factors
Social and Environmental Factors All projects in mining friendly Mexico Experienced Mexican exploration team Excellent relationships p and history y of accommodation with two active Ejidos at Monterde: ¾ Health and Dental Brigades ¾ Capacity and infrastructure building ¾ Roundtable discussions No ti
Slide 16: Kimber Value - Monterde
KIMBER VALUE - Monterde Per Preliminary Economic Assessment : Does not incorporate 2011 Drill Results NPV vs Kimber Market Capitalization After Tax, 8% discount $500 $450 US$471.8M $400 $350 $ $300 $250 $200 US$211 9M US$211.9M $150 $100 KIMBER MARKET CAPITALIZATION $50 $- US$1,100 Gold/oz US$1,500
Slide 17: Kimber Value - Total Gold Ounces
KIMBER VALUE TOTAL GOLD OUNCES BASED ON Au Eq (millions) Timmins Gold GOLD PRICE $1450 SILVER PRICE $32 Esperanza p Resources Grayd Resources Kimber Resources Paramount US Gold Argonaut Gold Minefinders 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 17
Slide 18: Kimber Value - Gold Valuations
KIMBER VALUE GOLD VALUATIONS BASED ON Au. Eq Kimber Resources GOLD PRICE $1450 SILVER PRICE $32 Esperanza Resources US Gold Argonaut Gold Paramount Minefinders Grayd Resources Timmins Gold $- $50 $100 $150 $200 $250 $300 $350 $400 Updated from November 30,2011 $145 Median 18 See NI43-101 Statements
Slide 19: Kimber Value - Total Silver Ounces
KIMBER VALUE TOTAL SILVER OUNCES BASED ON Ag Eq (millions) GOLD PRICE $1450 Great Panther SILVER PRICE $32 Endeavour Silver Orko Silver Fortuna Silver Mag Sil Silver er Kimber Resources Paramount US Gold First Majestic Minefinders 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 * Orko Silver and
Slide 20: Kimber Value - Silver Valuations
KIMBER VALUE SILVER VALUATIONS BASED ON Ag. Eq Kimber Resources US Gold GOLD PRICE $1450 SILVER PRICE $32 Paramount Minefinders Mag Silver Orko Silver First Majestic Fortuna Silver Great Panther Endeavour Silver $- $5.00 $10.00 $15.00 $20.00 $25.00 $6.07 Median Updated for November 30, 2011 20 See N
Slide 21: Specific Plans 2012
SPECIFIC PLANS 2012 Continued drilling at Monterde Updated Carmen mineral resource estimate expected in Q2-2012 to include 2011 drilling Ad Advance ttowards d a production d ti d decision i i ¾ Hire an executive level engineer with production experience ¾ Completion of a more advanced economic study
Slide 22: Summary
SUMMARY Valuation ¾ Positive Monterde PEA based on existing mineral resources suggests Kimber undervalued Growth ¾ 2011 drill results to be incorporated in updated mineral resource Q2-2012 ¾ Completion of a more advanced economic study incorporating updated mineral resource for Carmen De-risking ¾ M
Slide 23: Additional Information
Additional Information December 2011
Slide 24: Monterde - History
Monterde - History 1700s: Gold discovered by Spanish 1937 1943 Hi 1937-1943: High-Grade h G d production d ti ¾ Reported production of 68,000t at 19.3 g/t gold and 311 g/t silver ¾ Production halted due to lack of supplies during World War II 2000: 2000 Monterde acquired by Kimber 2002: Kimber liste
Slide 25: Monterde - Carmen, Veta Minitas and Carótare Total Mineral Resources
MONTERDE - CARMEN, VETA MINITAS and CARÓTARE TOTAL MINERAL RESOURCES ((At a 0.3g/t g Recoverable Gold Equivalent q Cut-off)) Base Case Total Mineral Resources Estimate (Inclusive of High Grade) for the Carmen, Veta Minitas and Carotare Deposits Classification Tonnes In Situ Gold In Situ Silver Conta
Slide 26: Monterde - High Grade Mineral Resources
MONTERDE - CARMEN, VETA MINITAS and CARÓTARE HIGH GRADE MINERAL RESOURCES (At a 2g/t Recoverable Gold Equivalent Cut-off) Cut off) Base Case High Grade Mineral Resource Estimate for the Carmen, Veta Minitas and Carotare Deposits Classification Tonnes In situ Gold In Situ Silver Contained In Containe
Slide 27: Monterde PEA Operating and Capital Costs
MONTERDE ONTERDE June 2011 – Preliminary Economic Assessment Operating and Capital Costs Operating Cost ¾ Open Pit $14.50/t ore ¾ Underground $40.07/t ore ¾ Mill $13 88/t ore $13.88/t ¾ G&A $0.98/t ore ¾ Total cash costs $41 90/t ore $41.90/t Initial Capital Costs US$100.1m and Total Capital Costs o
Slide 28: Monterde PEA Undiscounted Net Cash Flows
MONTERDE ONTERDE Preliminary Economic Assessment Undiscounted Net Cash Flo Flowss 3 Year Trailing Ave Near Spot June 8, Base Case March 31, 2011 2011 Gold Price (US$/O ) (US$/Oz) $1 100 $1,100 $1 050 $1,050 $1 500 $1,500 Silver Price (US$/Oz) $19.00 $18.00 $35.00 Pre‐Tax (millions) $585.1 $527.7 $1,
Slide 29: 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 30: 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 31: 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 32: Growing Gold and Silver Assets on the Path to Production
Growing Gold and Silver Assets on the Path to Production December 2011
Kimber Resources — Shareholder Meeting (December 2011) on 6ix