Slide 1: Presentation - Noosa Mining Conference announcement
www.kglresources.com.au Level 7 167 Eagle Street Brisbane 4000 12 November 2020 For personal use only Presentation The attached presentation will be given by the Chairman, Denis Wood, later today at the Noosa Mining Conference This announcement is authorised by the Board of Directors.
Slide 2: KGL Resources Noosa Mining Conference
For personal use only KGL Resources Noosa Mining Conference High quality copper project poised for development November 2020 KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 3: Copper's Rising Star
Copper’s Rising Star For personal use only “Copper tipped as the base metal to watch in 2021 - China’s stimulus program and green technology in major western economies puts copper in pole position” “Stars aligning for copper in 2021 – Morgan Stanley forecasts US$7400 to US$8800 tonne copper pric
Slide 4: KGL Primed to Take Advantage
KGL Primed to Take Advantage For personal use only Significant copper Exposure to high Significant development project: quality copper opportunity through 426.2 kt contained development project infill drilling and copper with additional continued exploration lead/zinc upside across portfolio $6.3M c
Slide 5: Company Overview
For personal use only Company Overview KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 6: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure Share price performance Australian Stock Exchange (ASX) code KGL 3000 0.35 ASX Share price (close 10 Nov 2020) 31.5cents 2500 0.3 52 week low / high 9.3cents /31.5cents 0.25 2000 Shares outstanding 335.7M 0.2 Options on Issue Nil 1500 0.15 M
Slide 7: Jervois Resource
For personal use only Jervois Resource KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 8: Jervois Resource
Jervois Resource For personal use only Jervois Copper • Revised strategy delivered… • A 30% increase in contained 500 3.00% 426 kt 450 2.50% copper to 426,200 tonnes. 400 Contained Copper Metal (kt) 2.03% 350 327 kt 2.00% • The grade of copper has almost doubled from 1.07% to 2.03%. Grade % Cu 300 2
Slide 9: Jervois Project and Pre-Feasibility Study
For personal use only Jervois Project and Pre-Feasibility Study KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 10: Jervois Copper Project Progress
Jervois Copper Project Progress For personal use only Progressing mine planning Mine Plan finalisation Financial modelling Infrastructure planning Mining Management Plan approval expected Q4 2020 Total expenditure of A $63M to September 2020 Timeline April 2016 March 2017 May 2018 August 2
Slide 11: Jervois Copper Project Details
Jervois Copper Project Project Details For personal use only Jobs – up to 300 during construction and up to 300 operational during peak operations. Processing to a concentrate onsite. Trucked via the Plenty and Stuart Highways to Alice Springs. Rail to Adelaide and/or Darwin for export. Accommodatio
Slide 12: Concept Process Plant
Concept Process Plant For personal use only Design and costing completed for PFS KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 13: Concept Mine Design
Concept Mine Design Design and costing completed for PFS For personal use only Rockface Reward Bellbird Longitudinal view looking north Longitudinal view looking west Longitudinal view looking west KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL) 12
Slide 14: Environmental Impacts
Environmental Impacts For personal use only EPA recommended the EIS 4 October 2019 Environmental risk assessment completed. o No environmental, social, economic or human health and safety risks with an extreme initial or residual risk rating identified. o Highest human Health and Safety risk: Pr
Slide 15: Copper Market
For personal use only Copper Market KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 16: Strong Copper Market Fundamentals
Strong Copper Market Fundamentals For personal use only Growing demand Constrained supply International Governments post COVID-19 Growing production deficit forecast from 2022 incentive plans Large traditional mines running dry China’s economic transition: • Growing household incomes Grade
Slide 17: Strong Copper Market Fundamentals
Strong Copper Market Fundamentals For personal use only At least 4.2 Mt needed from new projects by 2028 Low Demand (1.5%): 4.2 Mt Base Demand (2.0%): 5.6 Mt 31,000 High Demand (2.7%): 8.0 Mt 29,000 27,000 25,000 kmt contained 23,000 21,000 19,000 17,000 15,000 13,000 2015 2016 2017 2018 2019 2020 2
Slide 18: Resource Prospectivity
For personal use only Resource Prospectivity KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 19: Jervois J(U)-Structure
Jervois J(U)-Structure For personal use only High-grade Jervois Copper Project located in highly prospective geological setting Research suggest a Broken-Hill-style SEDEX with an IOCG-Tennant Creek-style overprint Mining Leases granted over all existing resources Unca Creek Project (acquired
Slide 20: Highly Prospective Targets
Highly Prospective Targets For personal use only Extensions to high grade copper shoots – drill ready Favourable host rocks and structures along the J-Structure KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 21: Jervois and Unca Creek Geology and Gravity Model
Jervois and Unca Creek Geology and Gravity Model For personal use only KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 22: Promising Geophysics
Promising Geophysics For personal use only Gravity signature of favourable host rocks is repeated outside the J in areas mostly under thin cover. For example: Scarp Trend covered by scree from the Jervois Fault scarp – interpreted continuation of mineralised shearzones at Bellbird Hamburger Hill
Slide 23: Summary and Outlook
Summary and Outlook For personal use only Significant copper project poised for development Advanced project planning and approvals Supportive long-term shareholder base Strong copper market fundamentals Substantial upside through infill drilling and further exploration Key milestones CY 2
Slide 24: Disclaimer
Disclaimer For personal use only 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 The data in
Slide 25: More Information
More Information For personal use only More information about the Project For more information about the Jervois Project, please visit our website: www.kglresources.com.au KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL) 24
Slide 26: Appendices
For personal use only Appendices KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL) 25
Slide 27: Appendix - Company Overview and History
For personal use only Appendix - Company Overview and History KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 28: A History of Mining and Exploration
A History of Mining and Exploration For personal use only Early road train trucking copper ore to Mount Isa (1951). KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL) 27
Slide 29: 1950's Copper Surface Mining for Mount Isa
1950’s Copper Surface Mining for Mount Isa For personal use only KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL) 28
Slide 30: Process Plant - Copper Sulphate MD 1960's
Process Plant - Copper Sulphate MD 1960’s For personal use only KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL) 29
Slide 31: Plenty River Mining Infrastructure - Early 1980's
Plenty River Mining Infrastructure – Early 1980’s For personal use only KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL) 30
Slide 32: Appendix - Jervois Resource
For personal use only Appendix - Jervois Resource KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 33: Jervois: JORC Resources
Jervois: JORC Resources For personal use only Resource Material Grade (%) Metal Copper Silver Gold Area Category Mt Copper Silver Gold (kt) (Moz) (koz) Indicated 3.34 1.86 41.8 0.44 62.2 4.49 47.5 Reward Inferred 0.76 0.93 9.5 0.06 7.0 0.23 1.4 Open Cut Potential > 0.5 % Cu Indicated 1.33 3.08 17.4
Slide 34: Appendix - Jervois Project and PFS
For personal use only Appendix - Jervois Project and PFS KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 35: Development Planning Utilising Disturbed Areas
Development Planning Utilising Disturbed Areas For personal use only KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL) 34
Slide 36: LiDAR Survey Imagery
LiDAR Survey Imagery For personal use only Plenty River Mining disturbed area. KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL) 35
Slide 37: Appendix - Resource Prospectivity
For personal use only Appendix - Resource Prospectivity KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 38: Jervois at Prime Geological Address
Jervois at Prime Geological Address For personal use only • Mineral fields located in the rift basin along the edges of old cratons and linked to large, long-lived faults can host world- class deposits. The Jervois Mineral Field has all the markings of such potential. • The Early Proterozoic orogens
Slide 39: Jervois at Intersection of Major Crustal-scale Structures
structures Jervois at Intersection of Major Crustal-scale Structures Georgina Basin For personal use only The Jervois sedimentary sequence is considered to be deposited in a terrestrial basin in a continental back-arc basin setting (McGloin et al 2019, Weisheit et al 2019). Xanten granite The cr
Slide 40: Prospects and Mineralised Trends - Southern J Structure
Prospects and Mineralised Trends – Southern J Structure For personal use only KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 41: SAM Magnetic Image - Southern J-Structure
SAM Magnetic Image – Southern J-Structure For personal use only KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 42: Potential blind deposits in favourable host rocks and structures
Potential blind deposits in favourable host Conceptual mineralisation model rocks and structures The Jervois mineralisation model For personal use only is evolving and has been influenced by recent research papers by the NTGS. Particularly important is the Jervois Fault, which is a major crustal-sca
Slide 43: Selected Exploration Targets: Rockface geophysical signals repeated at Bellbird South
Selected Exploration Targets: Rockface geophysical signals repeated at Bellbird South For personal use only Bellbird South Rockface W E IP 30 Yet to delineated be IP 30 resource drilled KEY IP 30 IP resistivity iso-lines: 1 Ohm-m Scale 2 Ohm-m Section 7,490,300 mN 5 Ohm-m Long section of the Rockfac
Slide 44: Selected Exploration Targets: Extension of High-grade shoots at Rockface North Lode
Selected Exploration Targets: Extension of High-grade shoots at Rockface North Lode For personal use only KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 45: Selected Exploration Targets: Extension of Cox's Find Deposit
Selected Exploration Targets: Extension of Cox’s Find Deposit. For personal use only KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 46: Copper Market
For personal use only Copper Market KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)
Slide 47: World Copper Mines and declining grade
World Copper Mines and declining grade For personal use only Escondida Chile started 1990 Collahuasi Chile 1998 El Teniente Chile 1905 Morenci USA 1937 Cerro Verde Peru 1976 Antamina Peru 2001 Buenavista Mexico 1899 Chuquicamata Chile 1915 Las Bambas Peru 2016 Los Pelambres Chile
Slide 48: For more information, please contact us
For personal use only For more information, please contact us: KGL Resources Limited Level 7, 167 Eagle Street, Brisbane QLD 4000, Australia T: +61 7 3071 9003 E: info@kglresources.com.au W: www.kglresources.com.au KGL Resources: Noosa Mining Conference November 2020 (ASX:KGL)