Kingsgate Consolidated Limited · ASX:KCN
Kingsgate Consolidated — Q1 2012 Earnings Presentation
18 slides from Kingsgate Consolidated's earnings presentation, March 2012
Slide 1: Kingsgate Consolidated Limited March Quarter 2012
Kingsgate Consolidated Limited March Quarter 2012
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,
Slide 3: March Quarter Highlights
March Quarter Highlights • Record Group gold production up 14% to 60,614oz (Chatree 38,721oz, Challenger 21,893oz) • Total cash costs (Incl. royalties) US$744/oz with Chatree US$626/oz, Challenger US$955/oz • Strong operating performance at Chatree with gold production up 49% on the December quarter
Slide 4: Chatree
Chatree Good Operational 38,721oz up 49% on Dec (26,035oz) 1,557Kt @ 0.94g/t up 22% Performance C North high grade impacting in 2H Total cash costs US$626/oz Total Cash Costs (incl. US$167/oz royalty) from Dec Qtr US$626/oz (US$603/oz incl US$135/oz) Chatree Plant Expansion operating at +20% Overall
Slide 5: Challenger
Challenger Production 21,893oz (27,285oz) Weaker Production 171Kt @ 4.32g/t (166Kt @ 5.43g/t) Performance Low equipment availability and manning issues in Jan and Feb Total cash costs US$955/oz Total Cash Costs (incl. US$62/oz royalty) from Sept US$955/oz (US$612 incl US$54) 120 metres strike develo
Slide 6: Challenger Exploration Drilling
Challenger Exploration Drilling Good results below ’79 Fault’ Challenger West developed over 120 metres along strike
Slide 7: Nueva Esperanza
Nueva Esperanza Teterita drilling delivers 30% increase in silver Teterita silver resource increased by Resource Drilling 30% to over 17 million ounces. 6Mt @ 89g/t Ag17Moz Ag (4.8Mt @ 85g/t 13Moz Ag). Mine plan being updated to include Teterita resource. Feasibility Study Feasibility study, includi
Slide 8: Nueva Esperanza
Nueva Esperanza Teterita drilling delivers 30% increase in silver 26m@287 7.1m@63 incl 19m@374 incl 2.15m@95 34m@74 incl 12m@125 40.3m@868 incl 15m@2,248 incl 1m@>10,000 New Mineral Resource: 6Mt @ 89g/t Ag 17Moz Ag (4.8Mt @ 85g/t 13Moz Ag). Assays include 40m @ 868g/t Ag from 48m, incl. bonanza
Slide 9: Nueva Esperanza Panorama
Nueva Esperanza Panorama Fast track to production Teterita Chimberos Huantajaya Arqueros Norte Arqueros Looking north from Arqueros
Slide 10: Nueva Esperanza
Nueva Esperanza Winter comes early to the Attacama!
Slide 11: Bowdens Drilling
Bowdens Drilling Mineralisation outside current resource shell Metallurgical drilling confirms previously interpreted mineralisation Resource definition drilling include mineralisation outside current resource Assays include 15m @ 168 AgEq and 10M @ 96.1 AgEq Feasibility and preliminary EIS
Slide 12: Outlook
Outlook • Full year production expected 205Koz to 225Koz significantly exceeding 2011 production. • Chatree production 115Koz to 125Koz • Chatree higher grade C North completed by July 2012 • Challenger production 90Koz to 100Koz • Nueva Esperanza technical feasibility expected in September quarter
Slide 13: Kingsgate Consolidated Limited
Kingsgate Consolidated Limited Shares: 151 Million Market Cap: ~A$1Bn ASX: KCN www.kingsgate.com.au
Slide 14: 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
Slide 15: Chatree
Chatree Chatree Ore Reserves as at 30 June 2011 (>0.4g/t gold cut-off grade) Gold Silver Gold Silver Tonnes Source Category Grade Grade Contained Contained (millions) (g/t) (g/t) (Moz) (Moz) From Pits Proven 36.0 0.99 8.5 1.14 9.9 Probable 15.6 0.97 7.0 0.49 3.5 Stockpiles 8.4 0.69 11.7 0.19 3.3 Cha
Slide 16: Challenger
Challenger Challenger Ore Reserves as at 30 June 2011 Gold Gold Tonnes Source Category Grade Contained (thousands) (g/t) (‘000 oz) From Mine Proven 600 4.46 90 Probable 2,740 5.94 520 Challenger Total Total 3,340 5.67 610 Challenger Mineral Resources as at 30 June 2011 Gold Gold Tonnes Source Catego
Slide 17: Nueva Esperanza
Nueva Esperanza Mineral Indicated Inferred Total Resources >0.5g/t Tonnes Gold Silver Tonnes Gold Silver Tonnes Gold Silver Gold Silver Gold Eq AuEq M g/t g/t M g/t g/t M g/t g/t MOz MOz MOz Arqueros 16.0 0.32 81 4.0 0.3 50 20.0 0.32 75 0.20 48.1 1.3 Chimberos 3.7 0.2 85 3.7 0.20 85 0.02 10.1 0.2 Te
Slide 18: Bowdens
Bowdens Cut-off Grade Contained Silver Resource AgEq Tonnes Silver Lead Zinc AgEq Silver AgEq Class (g/t) (t) g/t % % g/t (Moz) (Moz) Indicated 30 31.2 60.6 0.30 0.40 77.5 60.8 78 Inferred 30 27.0 44.0 0.30 0.40 61.0 38.7 53 Indicated & 30 58.2 52.9 0.30 0.40 69.8 99.4 131 Inferred Notes: 1. Roundin
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