Kingsgate Consolidated Limited · ASX:KCN
Kingsgate Consolidated — Shareholder Meeting (November 2007)
24 slides from Kingsgate Consolidated's shareholder meeting presentation, Nov 15, 2007
Slide 1: CEO's Presentation – AGM 2007
For personal use only ABN 42 000 837 472 15 November 2007 Via ASX Online FOR PUBLIC RELEASE (24 pages) The Manager Announcements Company Announcements Office Australian Stock Exchange Dear Sir/Madam, CEO’S PRESENTATION – AGM 2007 Please find attached the CEO’s Presentation for our 2007 Annual Genera
Slide 2: Kingsgate annual report
Kingsgate annual report
Slide 3: Chairman's Address
Kingsgate For personal use only Consolidated Limited Chairman’s Address 15 November 2007 Ross Smyth-Kirk Chairman
Slide 4: CEO's Summary
Kingsgate For personal use only Consolidated Limited CEO’s Summary 15 November 2007 Gavin Thomas Chief Executive Officer
Slide 5: Disclaimer
Disclaimer For personal use only Forward Looking Statements: These materials include forward looking statements. Forward looking statements inherently involve subjective judgment & analysis & are subject to significant uncertainties, risks & contingencies, many of which are outside of the control of
Slide 6: A Difficult Year
A Difficult Year For personal use only Past Year Remnant Mining Remnant Loss due Loss Mining = due hedging = Low hedging & Low grades & low grades low grades grades Low Grades & 1stst Loss Position Now Good margin Good margin -- paying paying our our way way Low grades Low grades until until new new
Slide 7: Paying Our Way
Paying Our Way For personal use only 800 Cash Costs & Gold Price US$/oz 700 Spot Gold Spot Gold Price Price d P r ice US$/oz US$/oz Gol Unhedged 600 Hedge Delivered Hedge Delivered Margin Gold Price Gold Price US$/oz US$/oz Chatree Chatree Cash Costs Cash Costs 500 US$/oz US$/oz Fore cast 400 Sep De
Slide 8: Chatree Cash Costs/t - Stable
Chatree Cash Costs/t - Stable Chatree Total Costs US$/t = Mining, Milling, Admin, Credits For personal use only 75% yrs Cost Pressures 3 60% Change Oil Price 26% Percentage 30% Thai Baht vs USD 14% Chatree Cash Costs US$/t 0% 40 Cash Costs US$/t * Peers: 10 mines 1.5-3mtpa. Source: Global Mining Res
Slide 9: Mining Areas FY08
Mining Areas FY08 For personal use only Prior to Prior to Chatree Chatree Nth Nth Leases: Leases: Mining H Mining H West West &&HH Cutback Cutback + + minor minor A A&&D D pit pit feed feed Other mill Other mill feed: feed: Stockpiles Stockpiles H West H West H Cutback Cutback H Stockpiles S
Slide 10: Mining Areas FY08 – H West
Mining Areas FY08 – H West For personal use only H Cutback H Cutback H West H West
Slide 11: Excellent Track Record
Excellent Track Record For personal use only World’s Safest World’s Safest Gold Gold Mine Mine Chatree Chatree No other No other gold gold mine mine with with better better ISO standards ISO standards Only mining Only mining company company granted granted Social Accountability Social Ac
Slide 12: Mining Lease Approval Process
Mining Lease Approval Process For personal use only Trailblazing! Previous Pending Initial Applicn Initial Applicn Discussion, Discussion, 2004 2004 National Approval National Approval Geology Report, Report, 2005 2005 -- Mines Mines Dept, Dept, Forestry Forestry Geology Final Approval Final Approva
Slide 13: Future Production Growth
Future Production Growth For personal use only ~330,000 ~330,000 Higher Grade Higher Grade Eq Oz Eq Oz with Lease with Lease Granting Granting Silver ~1.5moz/yr Silver ~1.5moz/yr ’09 ’09 ~300,000 Extra~30,000ozAu equiv Extra~30,000ozAu equiv## Oz 140,000 Oz 86,000 Oz 05/06 06/07F 07/08F* 08/09F 09/1
Slide 14: Mining Areas FY08
Mining Areas FY08 For personal use only Chatree North Chatree North Lease Apps Lease Apps Chatree Exploration Q Pits Q Pits Tenement Chatree Exploration Mining Areas Mining Areas A Pit A Pit Tenement In New In New Leases Leases K East K East H Cutback H Cutback H West H West C-H Pit Pit C-H D Pit D
Slide 15: New Mining Areas – A Pit
New Mining Areas – A Pit For personal use only With Chatree With Chatree Nth Nth Leases: Leases: Expand A Expand A Pit Pit & & mine mine K K East East Mining soon Mining soon after after approval approval A Pit A Pit Expansion Expansion K East K East
Slide 16: Chatree Plant Expansion
Chatree Plant Expansion For personal use only Future Current Current Future A Pit Pit QQ Pits Pits A Ultimate Pit Profile Combined Throughput Combined Throughput 55 mtpa mtpa Expansion Plant Expansion Plant Processing Plant Processing Plant +2.65 mtpa +2.65 mtpa 2.35 mtpa 2.35 mtpa
Slide 17: Expansion – ON TRACK
Expansion – ON TRACK For personal use only Streamlined & Streamlined & proven proven processing processing route route 55 Million Million tpa tpa treatment treatment plant plant (commission (commission Dec Dec ’08*) ’08*) ~300,000 oz/year ~300,000 oz/year rate rate from from Dec Dec ’08*
Slide 18: Near-Mine Resource Growth
Near-Mine Resource Growth For personal use only Resistivity Resistivity Anomalous Anomalous Zones Zones Geophysics shows Geophysics shows growth growth beyond Chatree beyond Chatree Mine Mine Chatree Chatree 23 North North Resistivity shows Resistivity shows trend trend of of km mineralisati
Slide 19: New Discovery Potential
New Discovery Potential For personal use only Phitsanulok Province World class World class gold gold province province Resistivity Resistivity 1300 km 1300 km22 explor’n explor’n leases leases Anomalous Anomalous Granted Zones Zones 40 prospective 40 prospective targets targets One target:
Slide 20: Kingsgate: Value + Re-rating
Kingsgate: Value + Re-rating For personal use only 12 month 12 month Price Price Targets: Targets: Valuation Macquarie A$8/sh Macquarie A$8/sh GSachs JBWere GSachs JBWere A$6/sh A$6/sh Significantly higher Other Brokers Other Brokers A$6-9/sh A$6-9/sh One of One of top top picks picks ofof gold gold
Slide 21: Consolidated Limited
For personal use only Consolidated Limited
Slide 22: Re-election: Mr John Falconer
Re-election: Mr John Falconer For personal use only That Mr John Falconer, a Director of the Company retiring by rotation in accordance with the Company’s Constitution and the ASX Listing Rules and, being eligible and having signified his candidature for the office, be re- elected as a Director of t
Slide 23: Directors' Remuneration Report
Directors’ Remuneration Report For personal use only To consider and, if thought fit, to pass the following ordinary resolution: That the Directors’ Remuneration Report for the year ended 30 June 2007 is adopted for the purposes of the Corporations Act 2001. Proxies For : 23,813,855 Against : 437,37
Slide 24: Consolidated Limited
For personal use only Consolidated Limited
Kingsgate Consolidated — Shareholder Meeting (November 2007) on 6ix