Kingsgate Consolidated Limited · ASX:KCN

Kingsgate Consolidated — Q1 2014 Earnings Presentation

17 slides from Kingsgate Consolidated's earnings presentation, Apr 29, 2014

  1. Slide 1: Kingsgate Consolidated Limited March 2014 Quarterly Report

    Kingsgate Consolidated Limited March 2014 Quarterly Report

  2. Slide 2: Disclaimer

    Disclaimer 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, & may be unknown to,

  3. Slide 3: March Quarter - Highlights

    March Quarter - Highlights • Solid Group operating performance with quarterly gold production in line with expectations at 48,725oz • Strong June Quarter expected to deliver full year guidance • Chatree produced 31,609oz of gold at US$805/oz and Challenger produced 17,116oz at US$1,293. • Balance sh

  4. Slide 4: All-in Sustaining Cost

    All-in Sustaining Cost Chatree Challenger Group Gold Sales oz 30,813 17,403 48,216 Adjusted Total Cash Costs US$/oz 731 1,297* 951 (incl royalties and bi-product) Sustaining Capex US$/oz 165 58 127 Exploration Expense US$/oz - - - Corporate and Admin Costs^ US$/oz - - 48 All-in Sustaining Cost (Marc

  5. Slide 5: Chatree

    Chatree  Gold production 31,609oz Chatree Quarterly Gold Production and Costs  1,556Kt @ 0.81g/t & 77.7% Ounces US$/Oz (1,487Kt @ 0.93g/t & 80.3%) 50,000 1,000  Total cash costs US$805 40,000 (incl.US$102/oz royalty) 750  Grade reflects current mix of A Pit 30,000 ore and stockpiled ore. 500  R

  6. Slide 6: Challenger

    Challenger  Gold production 17,116oz Challenger Quarterly Gold Production and "All-In" Costs  110Kt @ 5.05g/t & 96.1% (141Kt @ 4.64g/t & 95.9%) Ounces US$/Oz  Lower available stope and 25,000 2,500 development ore  Lower dilution delivering higher 20,000 2,000 grade 15,000 1,500  Recovery refle

  7. Slide 7: Nueva Esperanza – DFS delivers robust results

    Nueva Esperanza – Heap Leach DFS delivers robust results Resources 93.3Moz Silver Eq / 1.6Moz Gold Eq Throughput 3,000,000 tonnes per annum Initial mine life +6 years Annualised production (post ramp up) Silver 6,430,000oz Gold 17,500 oz Initial capital cost (incl. US$10M contingency) US$140 million

  8. Slide 8: Nueva Esperanza Development schedule

    Nueva Esperanza Development schedule Development  DFS completed with positive results  Addendum (DIA) to approved EIA lodged Schedule  DIA approval expected within 6 months  Order long lead items Current Work  Vaue engineering of capital and operating Program costs  Limited twin hole drilling

  9. Slide 9: Bowdens

    Bowdens Project timing to reflect market conditions  Major elements of the DFS largely completed. Feasibility Study  Sterilisation drilling confirms no mineralisation under proposed plant site  Environmental Monitoring Plan in preparation. Environmental  On-going recording of field Impact Statem

  10. Slide 10: Capital Raising

    Capital Raising Sources ($M) Uses ($M) Institutional Placement 14.7 Repay corporate debt 19.0 Institutional Entitlement Nueva Esperanza Pre- 13.8 5.0 Offer development capex Retail Entitlement Offer 30.9 Bowdens DFS and EIS capex 4.0 Working capital / general 11.2 corporate purposes Gross Proceeds 5

  11. Slide 11: Outlook

    Outlook • Group gold production for the fiscal year FY2014 is expected to be 190,000 to 210,000 ounces gold. • Chatree production expected to be 120,000 to 130,000 ounces. • Challenger production expected to be 70,000 to 80,000 ounces. • Nueva Esperanza project work to continue. • Bowdens EIS and DF

  12. Slide 12: Kingsgate Consolidated Limited

    Kingsgate Consolidated Limited Shares: 217 Million Market Cap: ~A$217 Million ASX: KCN www.kingsgate.com.au

  13. Slide 13: Appendix – General Disclaimer

    Appendix General Disclaimer: The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue securities or other financial products. The information contained in this presentation is not investment or financial product

  14. Slide 14: Chatree

    Chatree Chatree Ore Reserves as at 30 April 2013 (>0.35g/t gold cut-off grade) Gold Silver Gold Silver Tonnes Grade Grade Contained Contained AuEq Source Category (million) (g/t) (g/t) (Moz) (Moz) (Moz) From Pits Proven 45.4 0.87 7.8 1.27 11.39 Probable 14.8 0.78 6.0 0.37 2.86 Stockpiles 9.3 0.58 9.

  15. Slide 15: Challenger

    Challenger Challenger Ore Reserves as at 30 June 2013 Tonnes Gold Gold Source Category Grade Contained (million) (g/t) (‘000 oz) From Mine Proven 0.25 5.52 40 Probable 0.22 8.30 60 Challenger Total Total 0.47 6.82 100 Challenger Mineral Resources as at 30 June 2013 Gold Gold Tonnes Grade Contained S

  16. Slide 16: Nueva Esperanza

    Nueva Esperanza Nueva Esperanza Ore Reserves (0.5g/t AuEq60 cut-off grade) Gold Silver Gold Equiv Gold Silver AgEq AuEq Tonnes Category Grade Grade Grade Contained Contained Contained Contained (millions) (g/t) (g/t) (g/t) (Koz) (Moz) (Moz) (Moz) Proved - - - - - - - - Probable 17.1 0.27 97 1.89 148

  17. Slide 17: Bowdens

    Bowdens Bowdens Mineral Resources as at 30 June 2013 (30g/t AgEq cut-off grade) Grade Contained Metal Category Tonnes Silver Lead Zinc AgEq Silver AgEq AuEq (million) g/t % % g/t (Moz) (Moz) (Moz) Measured 23.6 56.6 0.31 0.41 74.5 43.0 57 1.25 Indicated 28.4 48.0 0.27 0.36 63.6 43.8 58 1.28 Meas & I

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