Kingsgate Consolidated Limited · ASX:KCN

Kingsgate Consolidated — Diggers and Dealers Mining Forum 2014

37 slides from Kingsgate Consolidated's conference presentation, August 2014

1. Slide 1: Kingsgate Consolidated Limited

   Kingsgate Consolidated Limited Adapting to changing markets and building for the future Diggers and Dealers Mining Forum August 2014

2. Slide 2: Gavin Thomas

   Gavin Thomas 29th December 1950 – 4th June 2014

3. Slide 3: The Gavin we knew

   ©The Glavin we knew

4. Slide 4: 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,

5. Slide 5: Kingsgate's Vision

   Kingsgate’s Vision To be a preferred precious metals company Focus on delivering shareholder & stakeholder value through:  Maximising operational performance of existing mines  Developing high quality precious metal projects  Lowering costs, increasing margins and improving cashflows  Strategic

6. Slide 6: Kingsgate Today

   Kingsgate Today Geographic and operational diversity  Two operating gold mines producing over 200,000oz pa  World class Chatree mine in Thailand  Challenger underground mine in South Australia Chatree  Two advanced-development silver projects Gold Mine  Nueva Esperanza silver/gold project in Ch

7. Slide 7: March Quarter - Highlights

   March Quarter - Highlights • Strong Group performance with quarterly gold production 55,450oz at total cash cost of US$857/oz (AISC US$1,026/oz) • Record annual gold production of 209,500oz, at the top-end of the guidance range of 190,000oz to 210,000oz • Chatree produced 36,475oz of gold at US$631/

8. Slide 8: Chatree Gold Mine

   Chatree Gold Mine

9. Slide 9: Chatree – World Class Deposit

   Chatree – World Class Deposit Asian showcase gold mine  Asian competitive advantage  Large open pit, low grade epithermal gold  Employment focus on committed deposit and educated Thai Workforce  Long life – Reserves 1.8Moz, Resources 4.0Moz (only four expats)  Currently operating at ~6.2Mtpa @

10. Slide 10: Chatree: Strong June Quarter

    Chatree : Strong June Quarter June Quarter 2014  Gold production 36,475oz Chatree Quarterly Gold Production Ounces US$/Oz  1,599kt @ 0.90g/t & 79.5% 50,000 (1,556kt @ 0.81g/t & 77.7%) 40,000 750  Grade reflects access to high grade areas in A Pit Stage 2. 30,000 500  Total cash costs US$631 20,0

11. Slide 11: Chatree – Potential Upside

    Chatree – Potential Upside Additional resources identified in the northern part of the mining leases in the last 12 months  Reserve extension outside current pit designs  Potential u/g targets through deep high grade 6 km feeder structures  Potential for incremental plant expansion  Further near

12. Slide 12: Strong Commitment to Thailand

    Strong Commitment to Thailand Uniquely positioned in a major gold province Thai Gold Belt World class underexplored Chatree Thailand Phitsanulok Province gold province Bangkok Phetchabun First mover advantage But patience & persistence Province SPLs Pending required Chatree 63 km Phichit Province 1,

13. Slide 13: Nueva Esperanza

    Nueva Esperanza Advanced silver/gold project in Chile Chimberos open pit

14. Slide 14: Nueva Esperanza

    Nueva Esperanza Choquelimpie High quality silver/gold project in chile Nueva Esperanza El Tesoro San Cristobal  Consolidation of epithermal silver/gold deposits in Maricunga belt in Chile by Kingsgate Teterita Chimberos  Kingsgate management has operating history in Arqueros Chile  Current develo

15. Slide 15: Nueva Esperanza – Heap Leach

    Nueva Esperanza – Heap Leach DFS confirms robust project economics 93.3Moz Silver Eq Resources / 1.6Moz Gold Eq  Three stage crushing Throughput 3 Million tpa circuit with High Initial mine life +6 years Pressure Grinding Rolls Annualised production (post ramp up) (HPGR) Silver (ave) 6,430,000 oz G

16. Slide 16: Nueva Esperanza

    Nueva Esperanza Development schedule  DFS completed with positive results Project  Additional environmental approval (DIA) required under current development plan Schedule  DIA lodged and approval expected within 6 months  Optimisation studies for mining, metallurgy Current Work and infrastructu

17. Slide 17: Nueva Esperanza Upside

    Nueva Esperanza Upside Highly prospective regional exploration Extensive hydrothermal alteration footprint Three established resources TETERITA CHIMBEROS HUANTAJAYA POTOSI CERRO Multiple highly prospective AMARILLO RIFLE ROSA targets BOULDER ARQUEROS GRANDOTE CARACHITA High grade gold intercepts CAR

18. Slide 18: Nueva Esperanza Panorama of Prospects

    Nueva Esperanza Panorama of Prospects CARACHITA BOULDER C° AMARILLO RIFLE C° BLANCO ARQUEROS ROSA POTOSI HUANTAJAYA GRANDOTE CHIMBEROS TETERITA Potential leach pad site

19. Slide 19: Challenger Gold Mine

    Challenger Gold Mine

20. Slide 20: Challenger Gold Mine

    Challenger Gold Mine Adapting to volatile metal price conditions  Strategic restructure accelerated following gold price volatility  New mine plan implemented in 2013  Focused on the higher grade Challenger West orebody  New mining contract and contractor:  Lower costs with monthly costs ~30% b

21. Slide 21: Challenger

    Challenger June Quarter 2014 Challenger Quarterly Gold Production  Gold production 18,975oz Ounces US$/Oz  126Kt @ 4.80g/t & 96.8% 25,000 2,500 (110Kt @ 5.05g/t & 96.1%) 20,000 2,000  Localised dilution delivering lower grade 15,000 1,500  Total operating costs US$1,291 10,000 1,000 (incl.US$50/

22. Slide 22: Challenger Exploration

    Challenger Exploration Holes with interesting vein qtz +cd Challenger >30% Matrix 15 - 30% Lode 0 - 15% Drillhole location with preliminary logging results M1-M2 Style Conceptual Target Zones

23. Slide 23: Bowdens Silver Project

    Bowdens Silver Project Kingsgate growth project in NSW

24. Slide 24: Bowdens Overview

    Bowdens Overview  Epithermal silver deposit with lead and zinc by-products  Large, continuous, near surface deposit hosted in volcanics  Current resource estimate 182.million ounces AgEq (JORC)  Comparable to ~4Moz gold  Established infrastructure and mining workforce in region

25. Slide 25: Bowdens

    Bowdens Project timing to reflect market conditions  Major elements of the DFS largely completed. Feasibility Study  Power and water options identified but not yet finalised  Environmental monitoring and Environmental on-going field data recording Impact Statement  EIS work anticipated to be com

26. Slide 26: Regional Exploration

    Regional Exploration Encouraging results at Sayabouly in Lao PDR Qtz veins in trench High grade quartz veins extended in Assay pending 4m @ follow-up trenching. 7.5g/t Au New channel sample results include: • 5m @ 6.7g/t gold 2m @ • 4m @ 7.5g/t gold 1.2g/t Au 5m @ 6.7g/t Au Zones of quartz-sulphide

27. Slide 27: Outlook

    Outlook  Group gold production for the fiscal year FY2015 is expected to be 195,000 to 215,000 ounces gold.  Chatree production expected to be 130,000 to 140,000 ounces.  Challenger production expected to be 65,000 to 75,000 ounces.  Nueva Esperanza optimisation work to continue while EIA addend

28. Slide 28: Kingsgate Opportunity

    Kingsgate Opportunity Key Investment Highlights  World Class Cornerstone Asset at Chatree +6.0Moz gold mineralised system (produced and in-situ)  Strong Resource Base Grown to over 10 million ounces gold equivalent (AuEq)  Robust Development Project Nueva Esperanza DFS completed and delivered str

29. Slide 29: Kingsgate Consolidated Limited

    Kingsgate Consolidated Limited Listed: ASX Code: KCN Shares: 224 Million Market Cap: ~A$200M www.kingsgate.com.au

30. Slide 30: Appendix

    General Disclaimer: Appendix 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

31. Slide 31: Balance Sheet

    Balance Sheet  Cash and bullion/dore of A$74.2M at 30 June 2014 (Cash of A$64.1M and bullion/dore of A$10.1M)  The cash includes A$30.9M (gross) that was received in mid-April from the retail component of the capital raising.  Continued focus on optimising facilities over time, particularly in co

32. Slide 32: Corporate Social Responsibility

    Corporate Social Responsibility Asia’s Showcase Gold Mine  Safety focussed gold mine – 10 years no safety incidents Zero Accident  Zero Environmental Incidents Award 2010  ISO Standards on all activities  Only mining company granted Social Accountability SA8000 High quality, skilled stable workf

33. Slide 33: Thai Progressive Royalty Rate

    Thai Progressive Royalty Rate High royalty regime 20% 15% 10% US$1300/oz 5% 0% Baht/gm 0 400 600 1000 1500 2000 US$/oz 0 385 580 970 1450 1950 US$1.00=Baht 32, Jan 2014.

34. Slide 34: Chatree

    Chatree Chatree Ore Reserves as at 30 April 2013 (>0.35g/t gold cut-off grade) Gold Silver Gold Silver Tonnes AuEq Source Category Grade Grade Contained Contained (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.

35. Slide 35: Challenger

    Challenger Challenger Ore Reserves as at 30 June 2013 Gold Gold Tonnes 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 Source Category G

36. Slide 36: Nueva Esperanza

    Nueva Esperanza Nueva Esperanza Ore Reserves (0.5g/t AuEq60 cut-off grade) Gold Silver Gold Equiv Gold Silver AgEq AuEq Category Tonnes 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

37. Slide 37: 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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