Kingsrose Mining Ltd · ASX:KRM

Kingsrose Mining — Merger or Acquisition (May 2008)

25 slides from Kingsrose Mining's merger presentation, May 1, 2008

  1. Slide 1: Market Update and Acquisitional Growth

    For personal use only Kingsrose Mining Limited Market Update and Acquisitional Growth David Hatch Managing Director May 2008

  2. Slide 2: Purpose of update

    Purpose of update For personal use only „ Provide market update on company’s Comet Vale IPO Listing Asset. „ Provide preliminary market advice on intended acquisition of advanced, high grade underground epithermal gold/silver project in Indonesia.

  3. Slide 3: Kingsrose Capital Structure

    Kingsrose Capital Structure For personal use only „ Listed 7 December 2007 - ASX Code KRM „ IPO issue price 20 cents „ 30m new shares issued to new investors to raise $6m „ 35m shares prexisting or issued to vendors „ NED Dennis Franks exercised 1m options @ 25 cents in April 2008 „ 5.5m unlisted op

  4. Slide 4: Kingsrose Corporate Structure

    Kingsrose Corporate Structure For personal use only „ Chairman – John Morris „ Managing Director – David Hatch „ Non-Executive Director – Bill Phillips „ Non-Executive Director – Dennis Franks „ Non-Executive Director – Dr Michael Andrews „ Company Secretary – Jeannette Smith „ Track record of devel

  5. Slide 5: Comet Vale Summary

    Comet Vale Summary For personal use only „ Strong relationship with JV Partner, Reed Resources Limited „ KRM investing in the business via new capital (Genset, Loco’s etc) and employment of four Tanzanian miners and (soon to be mobilised) ten Philippino miners „ Reed commissioned structural geology

  6. Slide 6: Way Linggo Summary

    Way Linggo Summary For personal use only „ Why proposed acquisition? „ High margin production increase „ Advanced project – near term production opportunity „ Significant exploration potential on +100km2 4th generation CoW „ Acquire 85% of PT Natarang Mining

  7. Slide 7: Way Linggo continued: Other considerations

    Way Linggo continued: Other considerations For personal use only „ Related party transaction, independent board committee established „ 1997 JORC compliant resource and reserves not compliant now due to loss of core „ No drilling since 1996 „ Series of check due diligence measures undertaken in view

  8. Slide 8: Project Location

    Project Location For personal use only Southern Sumatra, Indonesia

  9. Slide 9: CoW Location

    CoW Location For personal use only „ Lampung Province, Sumatra „ Contract Area 10,540 hectares

  10. Slide 10: Site Layout

    For personal use only Site Layout

  11. Slide 11: North Vein Drill Plan

    North Vein Drill Plan For personal use only

  12. Slide 12: 10170N Section

    For personal use only 10170N Section

  13. Slide 13: Way Linggo Project Grade Distribution

    Way Linggo Project Grade Distribution North Vein Long Section Viewed to the North East For personal use only Gold grades colour coded: Yellow >20g/t Red 15-20 g/t Purple 10-15 g/t Green 4-10 g/t

  14. Slide 14: Way Linggo Ridge

    For personal use only Way Linggo Ridge

  15. Slide 15: Ore Hoisting and Services Area

    Ore Hoisting and Services Area For personal use only

  16. Slide 16: Upper, Way Tikus Portal

    Upper, Way Tikus Portal For personal use only

  17. Slide 17: Orebody Mapping in Way Tikus Adit

    Orebody Mapping in Way Tikus Adit For personal use only

  18. Slide 18: Resource/Reserve Confirmation

    Resource/Reserve Confirmation For personal use only „ Due to loss of core and evolvement of JORC code , the 1996/97 probable resource and reserve estimates can not be re-estimated and validated from first principles „ The Way Linggo resource, based upon diamond drilling in the 1990’s, is therefore n

  19. Slide 19: Resource/Reserve Confirmation cont’d: Drill Hole vs. Adit Face Samples

    Resource/Reserve Confirmation cont’d… Drill Hole vs. Adit Face Samples For personal use only „ Way Tikus upper adit at 1065m RL intersected orebody at same location as DDH – LJ13 „ Drill hole intercept (45° inclination) 7.65m @ 38g/t Au and 304 g/t Ag „ Face sampling along line of drill hole 3.80m (

  20. Slide 20: Resource/Reserve Confirmation cont’d: Additional Support

    Resource/Reserve Confirmation cont’d… Additional Support For personal use only „ 1990’s drilling, sampling and assaying programme included significant QA/QC procedures, including check assays at two separate, independent assay labaratories „ Very good assay correlation „ Independent resource and res

  21. Slide 21: Lower, Way Semung Portal and Ore Tipping Station

    Lower, Way Semung Portal and Ore Tipping Station For personal use only

  22. Slide 22: Way Semung Portal and Inclined Skipway

    Way Semung Portal and Inclined Skipway For personal use only

  23. Slide 23: Project Summary

    Project Summary For personal use only „ Underground high grade gold/silver mine, initially planned and designed for 65,000 tpa „ Annualised production approximating 30,000 ozs in initial years of operation „ A$4 million invested by vendors, to be repaid „ A$8 million to complete construction „ Unit

  24. Slide 24: Terms of Acquisition

    Terms of Acquisition For personal use only „ Shareholder approval following completion of due diligence and circulation of Independent Expert Report „ Repayment of A$4 million vendor loans „ KRM to fund A$8 million construction completion „ KRM to issue 42.5 million shares to acquire 100% of Icon En

  25. Slide 25: Acquisition Funding Strategy

    Acquisition Funding Strategy For personal use only „ Pursuing potential funding from equity, financing and metal facility sources „ Strong equity support „ Seeking to lock down funding by June 2008

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