Kimber Res — Kimber Resources — Investor Presentation (January 2013)
34 slides from Kimber Res's investor presentation, January 2013
Slide 1: Kimber Resources: Gold and Silver Exploration in Mexico
We) KIMBER RESOURCES Gold and Silver Exploration in Mexico Building Value With Committment January 2013 TSX: KBR www.kimberresources.com NYSE MKT:KBX
Slide 2: Monterde Project - 100% owned
KIMBER RESOURCES Monterde Project - 100% - owned 29,000 hectares located in Mexico’s prolific Sierra Madre gold-silver belt Dolores Mulatos Pan American Silver Alamos Gold Ocampo Minera Frisco Pinos Altos Agnico Eagle Mulatos Alamos Gold El Sauzal Goldcorp 2
Slide 3: Capital Structure
CAPITAL STRUCTURE December 31, 2012 Shares Outstanding 82.7M Fully Diluted 87.5M Market Capitalization C$29.8M Share Price TSX: KBR C$ 0.36 NYSE MKT: KBX US$ 0.37 Cash C$1.9M Working Capital C$1.9M Debt C$3.0M 3
Slide 4: Monterde Mineral Resource Estimate
Monterde Mineral Resource Estimate Carmen Open Pit cutoff at 0.3 g/t Au Eq. Carmen Underground Area, Veta Minitas and Carotare cutoff at 2.0 g/t recoverable Au Eq. In situ Gold In Situ Silver Contained In Situ Contained In Situ Recoverable Classification Location Tonnes (000s) Grade Grade Gold Silve
Slide 5: 2012 Updated Mineral Resource Estimate for Carmen Deposit: Overall Highlights
2012 Updated Mineral Resource Estimate for Carmen Deposit Overall Highlights Conversion and upgrade of a significant portion of the mineral resource into Measured and Indicated. Total Combined Measured & Indicated (Open Pit + Underground) Gold ounces increased by 14% Silver ounces increased by
Slide 6: 2011 PEA Proposed Open Pit showing 2012 Mineral Resource Classification
2011 PEA Proposed Open Pit showing 2012 Mineral Resource Classification Red: Measured Green: Indicated Blue: Inferred Potential to further expand the Open Pit through further optimization. 6
Slide 7: Underground Area: Below 2011 PEA Proposed Open Pit
Underground Area: Below 2011 PEA Proposed Open Pit 2011 drilling had greater than 90% structure intercept rate supporting continuity and Kimber’s geological model. 7
Slide 8: Why Kimber? Advancing towards a Production Decision
WHY KIMBER? Advancing towards a Production Decision 2012: Improved Classification = Improved Confidence Open Pit: 91% Gold ounces now in M&I category (62% Measured) 95% Silver ounces now in M&I category (73% Measured) Metallurgical Recoveries: Gold: 94%, Silver: 55% Underground 62% Gold ounces
Slide 9: 2011 Preliminary Economic Assessment
2011 Preliminary Economic Assessment* Payable Gold Payable Silver Total: 11.68 M tonnes 744,000 oz 20.2 M oz Open Pit Underground Tonnes 5.95 M 5.73 M Grade Gold 1.12 g/t 3.16 g/t Silver 98.7 g/t 85 g/t Est. Mine Life 9 yrs 15.5 yrs LOM Recovery Avg. gold 95% and silver 60% LOM Recoverable Grade 2.0
Slide 10: Why Kimber? Open Pit & Underground Optionality
WHY KIMBER? Advancing towards a Production Decision Open Pit & Underground Optionality Potential to advance Open Pit and/or Underground production independently Note: The illustrated timeline towards production is an arbitrary timeline and does not rely on any material data supporting the probabil
Slide 11: Carmen: Exploration Potential
CARMEN: Exploration Potential Carmen Exploration Old Mine Working Rehabilitation Rehabilitation complete Hilos levels 0 & 1 sampling completed (announced Dec. 20, 2012) Carmen levels 1 & 3: Rehabilitation ongoing Sampling ongoing 11
Slide 12: Carmen: Recent Exploration Hilos Underground Sampling
CARMEN: Recent Exploration Hilos Underground Sampling Station Sample Au Eq.** Sample width* Gold g/t Silver g/t Number g/t Location (m) Station 06 1.8 1.36 633.7 13.4 Hilos 1 Horizontal 3.2 2.78 138.6 5.4 Hilos 1 Sample 12 Station 17 1.7 3.36 296.9 9.0 Hilos 1 Station 18 1.3 7.39 1,250.0 30.3 Hilos
Slide 13: Monterde: Exploration Potential
MONTERDE: EXPLORATION POTENTIAL Additional mineralized structures discovered northeast of Carmen; Cocos Structure & Carmen East Monterde wide targets 13
Slide 14: Monterde: Exploration Potential
Monterde: Exploration Potential La Verde Veta Norte Structure 0409 Carmen Carmen East Carotare Veta Minitas Carmen South Extension Arimo Exploration Targets Monterde Deposits Exploration Targets 14
Slide 15: Carmen: Exploration Potential
Deposit remains open at CARMEN: Exploration Potential depth/along strike Showing Proposed Pit and Surface Mineralization (see pg. 14 for details) Exploration potential to north-east of Carmen Regional potential at Monterde Note: See pg. 30 for corresponding drill highlights 15
Slide 16: Carmen: Exploration Potential
CARMEN: Exploration Potential Carmen East D ? ? • Potential for parallel mineralized structures • Possible Full Graben Model ? ? 16
Slide 17: Carmen: Exploration Potential
CARMEN: Exploration Potential Ring Structures: Carmen situated between two ring structures. Potential for additional mineralization extending along ring fracture. *Note: Artistic interpretation used. May not be accurately drawn. 17
Slide 18: Carmen: Exploration Potential
CARMEN: Exploration Potential 18
Slide 19: Exploration Potential: Stratigraphic – down dip potential
EXPLORATION POTENTIAL: Stratigraphic – down dip potential Situated in Upper Volcanic Sequence: eg. Monterde – Kimber Resources, Pinos Altos – Agnico Eagle Situated in Lower Volcanic Sequence: eg. Palmarejo – Coeur d’Alenes, O’Campo – AuRico Gold, San Miguel - Paramount 19
Slide 20: Why Kimber? Social and Environmental Factors
Why Kimber? Social and Environmental Factors All projects in mining friendly Mexico Experienced Mexican exploration team Excellent relationships and history of accommodation with two active Ejidos at Monterde: Health and Dental Brigades Capacity and infrastructure building Roundtable discussio
Slide 21: Kimber Value: M&I Gold Ounces
KIMBER VALUE M&I GOLD OUNCES BASED ON Au.Eq. (millions) M&I Au Eq. Ozs. Gold Eq. Grade GOLD PRICE $1150 Kimber KimberResources Resources 3.0 g/t Au Eq SILVER PRICE $20 Explorers Esperanza 1.1 g/t Au Eq Paramount 0.5 g/t Au Eq Goldgroup Mining 0.8 g/t Au Eq Producers Timmins Gold 0.6 g/t Au Eq Aura M
Slide 22: Kimber Value: Gold Valuations Based on M&I Au Eq Ozs
KIMBER VALUE GOLD VALUATIONS BASED ON M&I Au.Eq.Ozs. EV pe M&I Au Eq. Oz Gold Eq. Grade GOLD PRICE $1150 Kimber Resources Kimber Resources 3.0 g/t Au Eq SILVER PRICE $20 Explorers Esperanza 1.1 g/t Au Eq Paramount 0.5 g/t Au Eq Aura Minerals 0.8 g/t Au Eq Goldgroup Mining 0.8 g/t Au Eq Producers Arg
Slide 23: Kimber Value: M&I Silver Ounces Based on Ag Eq
KIMBER VALUE M&I SILVER OUNCES BASED ON Ag Eq M&I Ag Eq. Ozs Silver Eq. Grade SantaCruz** 298 g/t Ag Eq GOLD PRICE $1150 SILVER PRICE $20 Explorers Mag Silver* 816 g/t Ag Eq Kimber Kimber Resources Resources 177 g/t Ag Eq Orko Silver 126 g/t Ag Eq Paramount 30 g/t Ag Eq Great Panther 552 g/t Ag Eq A
Slide 24: Kimber Value: Silver Valuations Based on M&I Ag Eq Ozs
KIMBER VALUE SILVER VALUATIONS BASED ON M&I Ag. Eq. Ozs Silver Eq. Grade Ev per M&I Ag Eq. Oz. Kimber Kimber Resources Resources 177 g/t Ag Eq GOLD PRICE $1150 SILVER PRICE $20 Explorers Paramount 30 g/t Ag Eq Orko Silver 126 g/t Ag Eq Take over announced Dec. 16, 2012 SantaCruz** 298 g/t Ag Eq Mag
Slide 25: Summary
SUMMARY De-risking Achieved Majority of total gold-silver mineral resources at Carmen and Monterde are within “Measured and Indicated” Category. Open Pit: M&I category contains 91% of gold and 95% of silver ounces. Underground: Indicated category contains 62% of gold and 73% silver ounces. T
Slide 26: Additional Information January 2013
Additional Information January 2013 26
Slide 27: Major Shareholders (> 1 million)
Major Shareholders (> 1 million) Fund Number of Shares (million) Craton Capital 7.3 James (Jim) Puplava 6.0* FMR LLC (Fidelity) 5.8 Sprott Inc. 5.1 Royal Bank of Canada (RBC) 3.2 Sun Valley Gold LLC 2.5 US Global Investors Inc 1.5 Total 31.4 % of Outstanding Shares** 38% As reported in September 30,
Slide 28: Experienced Board and Management
Experienced Board and Management MANAGEMENT Gordon Cummings C.A. President and CEO – over 23 years of finance and management expertise. David Hembree, Registered Professional Geologist, QP VP Exploration – over 30 years of experience in exploration and production including open pit and underground o
Slide 29: Monterde - History
Monterde - History 1700s: Gold discovered by Spanish 1937-1944: High-Grade production Reported production of 68,000t at 19.3 g/t gold and 311 g/t silver Production halted due to lack of supplies during World War II 2000: Monterde acquired by Kimber 2002: Kimber listed on the TSX Venture Upgrad
Slide 30: Monterde – Carmen Deposit: Highlights of 2011-2012 Drilling
MONTERDE – CARMEN DEPOSIT Highlights of 2011-2012 Drilling From To Silver Label Zone Section Drill Hole (m) (m) Width (m) Gold (g/t) (g/t) 1*** Carmen Deep* 30 MTRD-476 565.5 570.4 4.9 78.4 128 2*** Carmen Deep* 34 MTRD-477 255.5 260.7 5.2 51.9 1,077 3*** Carmen Deep* 38 MTRD-473 188.0 192.0 4.0 25.
Slide 31: Cautionary Statements
CAUTIONARY STATEMENTS Cautionary Note on Mineral Resources Compliance with National Instrument 43-101 Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These m
Slide 32: NI43-101 Compliance
NI43-101 COMPLIANCE Forward Looking Statements This presentation contains certain statements which may be viewed as forward-looking statements that involve risks and uncertainties. When used herein, the words “believes”, “anticipates”, “expects”, "intend", "hopes", "should", "may", "will", "if", "po
Slide 33: NI43-101 Compliance (continued)
NI43-101 COMPLIANCE (continued) The mineral resource estimate for the Carmen Deposit at Monterde was prepared by Mr. Gary Giroux P.Eng. a senior associate of Micon International Limited and a Qualified Person (“QP”), and the results are effective at October 24, 2012. This mineral resource estimate w
Slide 34: Kimber Resources: Gold and Silver Exploration in Mexico
We) KIMBER RESOURCES Gold and Silver Exploration in Mexico Building Value With Committment January 2013 TSX: KBR www.kimberresources.com NYSE MKT:KBX 34
Kimber Resources — Investor Presentation (January 2013) on 6ix