Kingsgate Consolidated Limited Kingsgate Consolidated Limited Gavin Thomas Gavin Thomas Brisbane Mining Club July 2011 Brisbane Mining Club July 2011 Growing a Premier Mid-Tier Gold Miner in Asia/Pacific Growing a Premier Mid-Tier Gold Miner in Asia/Pacific
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Kingsgate Consolidated Limited - Brisbane Mining …brisbaneminingclub.com.au/event_archive_pdfs/2011/...Kingsgate Consolidated Limited Gavin Thomas Brisbane Mining Club July 2011
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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 beunknown to, the company.
Actual results and developments may vary materially from that expressed in these materials. The types of uncertainties whichare relevant to the company may include, but are not limited to, commodity prices, political uncertainty, changes to theregulatory framework which applies to the business of the company & general economic conditions. Given these uncertainties,readers are cautioned not to place undue reliance on such forward looking statements.
Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations underapplicable law or any relevant stock exchange listing rules, the company undertakes any obligation to publicly update or reviseany of the forward looking statements, changes in events, conditions or circumstances on which any such statement is based.
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 beunknown to, the company.
Actual results and developments may vary materially from that expressed in these materials. The types of uncertainties whichare relevant to the company may include, but are not limited to, commodity prices, political uncertainty, changes to theregulatory framework which applies to the business of the company & general economic conditions. Given these uncertainties,readers are cautioned not to place undue reliance on such forward looking statements.
Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations underapplicable law or any relevant stock exchange listing rules, the company undertakes any obligation to publicly update or reviseany of the forward looking statements, changes in events, conditions or circumstances on which any such statement is based.
Some statements in this presentation regarding estimates or future events are forward looking statements. They involve riskand uncertainties that could cause actual results to differ from estimated results. Forward looking statements include estimatesof future production, cash and total costs per ounce of production, reserve and mineralized material estimates, capital costs,and other estimates or prediction of future activities. They include statements proceeded by words such as “believe,”“estimate,” “expect,” “intend,” “will,” and similar expressions. Actual results could differ materially depending on such thingsas political events, labour relations, currency fluctuations and other general economic conditions, market prices for DominionMining Limited and/or Kingsgate Consolidated Limited products, timing of permits and other government approvals andrequirements, changes in operating conditions, lower than expected ore grades, unexpected ground and mining conditions,availability and cost of materials and equipment, and risks generally inherent in the ownership and operation of miningproperties and investment in foreign countries.
Some statements in this presentation regarding estimates or future events are forward looking statements. They involve riskand uncertainties that could cause actual results to differ from estimated results. Forward looking statements include estimatesof future production, cash and total costs per ounce of production, reserve and mineralized material estimates, capital costs,and other estimates or prediction of future activities. They include statements proceeded by words such as “believe,”“estimate,” “expect,” “intend,” “will,” and similar expressions. Actual results could differ materially depending on such thingsas political events, labour relations, currency fluctuations and other general economic conditions, market prices for DominionMining Limited and/or Kingsgate Consolidated Limited products, timing of permits and other government approvals andrequirements, changes in operating conditions, lower than expected ore grades, unexpected ground and mining conditions,availability and cost of materials and equipment, and risks generally inherent in the ownership and operation of miningproperties and investment in foreign countries.
DisclaimerDisclaimer
Why Gold and silverWhy Gold and silver��
��
�� Diversified ProductionDiversified Production
�� Resource GrowthResource Growth
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Production GrowthProduction Growth
Strong CashflowStrong Cashflow
Premier ASX Mid-Tier Gold MinerPremier ASX Mid-Tier Gold Miner
Tax incentives granted for production from new plant
Chatree processing plant capacity increase from 2.3 to +5 MtpaCompletion expected in September Quarter 2011Increase production rate up to 200,000 ounces per year
Chatree processing plant capacity increase from 2.3 to +5 MtpaCompletion expected in September Quarter 2011Increase production rate up to 200,000 ounces per year
The information in this presentation that relates to Challenger’s Exploration Results, Mineral Resources or Ore Reserves isbased on information compiled by Peter Bamford, Tony Poustie and Paul Androvic who are full-time employees of theCompany, members of the Australasian Institute of Mining and Metallurgy. Peter Bamford, Tony Poustie and Paul Androvichave sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to theactivity, which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Codefor Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Peter Bamford, Tony Poustie and Paul Androvic,consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.
The information in this presentation that relates to Challenger’s Exploration Results, Mineral Resources or Ore Reserves isbased on information compiled by Peter Bamford, Tony Poustie and Paul Androvic who are full-time employees of theCompany, members of the Australasian Institute of Mining and Metallurgy. Peter Bamford, Tony Poustie and Paul Androvichave sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to theactivity, which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Codefor Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Peter Bamford, Tony Poustie and Paul Androvic,consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Information in this presentation that relates to Kingsgate’s Exploration Results, Mineral Resource and Ore Reserve estimates,geology, drilling and mineralisation, is based on information compiled by Ron James, who is an employee of the KingsgateGroup and is a member of The Australasian Institute of Mining and Metallurgy. Ron James is a Competent Person under themeaning of the JORC Code with respect to Exploration Results, Mineral Resource and Ore Reserve estimates, geology, drillingand mineralisation being presented. He has given his consent to the Public Reporting of these statements concerningExploration Results, Mineral Resource and Ore Reserve estimates, geology, drilling and mineralisation, and is in agreementwith the contents and format of this presentation.
Information in this presentation that relates to Kingsgate’s Exploration Results, Mineral Resource and Ore Reserve estimates,geology, drilling and mineralisation, is based on information compiled by Ron James, who is an employee of the KingsgateGroup and is a member of The Australasian Institute of Mining and Metallurgy. Ron James is a Competent Person under themeaning of the JORC Code with respect to Exploration Results, Mineral Resource and Ore Reserve estimates, geology, drillingand mineralisation being presented. He has given his consent to the Public Reporting of these statements concerningExploration Results, Mineral Resource and Ore Reserve estimates, geology, drilling and mineralisation, and is in agreementwith the contents and format of this presentation.
The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, orarrange to issue securities or other financial products. The information contained in this presentation is not investment orfinancial product advice and has been prepared without taking into account the investment objectives, financial situation orparticular needs of any person. To the maximum extent permitted by law, none of Dominion Mining Limited, KingsgateConsolidated Limited, their respective directors, employees or agents, nor any other person accepts any liability includingwithout limitation any liability arising out of fault or negligence for any loss caused from the use of the information containedin this presentation. No representation or warranty, express or implied, is given as to the accuracy, completeness orcorrectness, likelihood of achievement or reasonableness of any forecasts or other forward looking statements.
The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, orarrange to issue securities or other financial products. The information contained in this presentation is not investment orfinancial product advice and has been prepared without taking into account the investment objectives, financial situation orparticular needs of any person. To the maximum extent permitted by law, none of Dominion Mining Limited, KingsgateConsolidated Limited, their respective directors, employees or agents, nor any other person accepts any liability includingwithout limitation any liability arising out of fault or negligence for any loss caused from the use of the information containedin this presentation. No representation or warranty, express or implied, is given as to the accuracy, completeness orcorrectness, likelihood of achievement or reasonableness of any forecasts or other forward looking statements.
Chatree Mineral Resources Inclusive of Ore Reserves as at 30 June 2010 (>0.3g/t gold cut-off grade)
36.97
4.86
11.07
18.85
Silver Contained
4.32
0.72
1.39
2.07
Gold Contained
6.6
4.8
6.1
7.4
Silver Grade
0.77173.5TotalChatree Total
0.7131.4Inferred
0.7656.7Indicated
0.8179.8MeasuredFrom Pits
Gold GradeTonnesCategorySource
Information in this presentation re lates to E xp loration Results, Minera l Res ourc e and Ore Reserve est imates based on information compiled by the following Competent P ersons: Ron James , Fiona Davids on, G uy Davies and S uphanit S uphananthi who are employees of the Kings gate Group and members of The Australasian Institu te of Mining and Metallu rgy and Rob Sp iers who is an employee of Hellman & Schof ie ld Pty Ltd and member of The Aus tralian Institute of Geoscientists. These peop le qua lify as C ompetent Persons as defined in the Australasian Code for Reporting of E xploration Resu lts, Mineral Resources and Ore Reserves (the JORC Code, 2004 edition) and poss ess relevant experienc e in relation to the mineralisation be ing reported here in as Explorat ion Results, Mineral Res ources and Ore Res erves. Each Competent P erson has consented to the Public Reporting of these statements and the inclusion of the material in the form and context in whic h it appears.
Competent Persons Statement:
Information in this presentation re lates to E xp loration Results, Minera l Res ourc e and Ore Reserve est imates based on information compiled by the following Competent P ersons: Ron James , Fiona Davids on, G uy Davies and S uphanit S uphananthi who are employees of the Kings gate Group and members of The Australasian Institu te of Mining and Metallu rgy and Rob Sp iers who is an employee of Hellman & Schof ie ld Pty Ltd and member of The Aus tralian Institute of Geoscientists. These peop le qua lify as C ompetent Persons as defined in the Australasian Code for Reporting of E xploration Resu lts, Mineral Resources and Ore Reserves (the JORC Code, 2004 edition) and poss ess relevant experienc e in relation to the mineralisation be ing reported here in as Explorat ion Results, Mineral Res ources and Ore Res erves. Each Competent P erson has consented to the Public Reporting of these statements and the inclusion of the material in the form and context in whic h it appears.
Competent Persons Statement:
ChallengerChallenger
92.1157Stockpiles
(thousand ounces)(g/t)(thousands)
Challenger Ore Reserves as at 30 June 2010
420
352
59
Gold Contained
5.72,310TotalChallenger Total
6.01,834Probable
5.8318ProvedFrom Mine
Gold GradeTonnesCategorySource
92.1157Stockpiles
(thousand ounces)(g/t)(thousands)
Challenger Ore Reserves as at 30 June 2010
420
352
59
Gold Contained
5.72,310TotalChallenger Total
6.01,834Probable
5.8318ProvedFrom Mine
Gold GradeTonnesCategorySource
81.8157Stockpiles
(thousand ounces)(g/t)(thousands)
Challenger Mineral Resources as at 30 June 2010
950
418
460
63
Gold Contained
6.84,371TotalChallenger Total
7.81,672Inferred
6.42,232Indicated
6.3310MeasuredFrom Mine
Gold GradeTonnesCategorySource
81.8157Stockpiles
(thousand ounces)(g/t)(thousands)
Challenger Mineral Resources as at 30 June 2010
950
418
460
63
Gold Contained
6.84,371TotalChallenger Total
7.81,672Inferred
6.42,232Indicated
6.3310MeasuredFrom Mine
Gold GradeTonnesCategorySource
The in format ion in this presentat ion that re lates to Exp loration Results, Mineral Resources or Ore Reserves is based on information compiled by Peter Bamford, Tony Poustie and Paul Androvic who are full-time employees of the Company, members of the Austra lasian Institute o f Mining and Metallurgy. Peter Bamford, Tony Poustie and Paul Androvic have suff icient experience, which is relevant to the style of minera lis ation and type of deposit under consideration and to the act ivity, which they are undertaking to qualif y as Competent Persons as defined in the 2004 Edition of the ‘Australasian C ode for Reporting of Exp loration Results, Mineral Resources and O re Reserves’. Peter Bamford, Tony Poustie and Paul Androvic , cons ent to the inclusion in the report of the matters based on their information in the form and c ontext in which it appears.
Competent Persons Statement:
The in format ion in this presentat ion that re lates to Exp loration Results, Mineral Resources or Ore Reserves is based on information compiled by Peter Bamford, Tony Poustie and Paul Androvic who are full-time employees of the Company, members of the Austra lasian Institute o f Mining and Metallurgy. Peter Bamford, Tony Poustie and Paul Androvic have suff icient experience, which is relevant to the style of minera lis ation and type of deposit under consideration and to the act ivity, which they are undertaking to qualif y as Competent Persons as defined in the 2004 Edition of the ‘Australasian C ode for Reporting of Exp loration Results, Mineral Resources and O re Reserves’. Peter Bamford, Tony Poustie and Paul Androvic , cons ent to the inclusion in the report of the matters based on their information in the form and c ontext in which it appears.
Gold equiv alence based on price equiv alence ratio of 60: AuEQ60 = Au + Ag/60
ArquerosArqueros
CompetentCompetentCompetentCompetent PersonPersonPersonPerson StatementStatementStatementStatement::::Dr Nicholas Lindsay is a Member of the Australian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Lindsay is the
Managing Director of Laguna Resources NL and consents to the inclusion in this release of the matters based on his information and information presented to him in the form and context in which it appears
The Mineral Resource at Arqueros has been estimated by Mr P Ball (Director of DataGeo Geological Consultants) from information provided by Laguna Resources NL and its agents. Mr Ball is a member of theAustralian Institute of Mining and Metallurgy and has sufficient experience relevant to the style of mineralisation under consideration to qualify as a competent person as defined in the 2004 edition of the
“Australian Code of Reporting of exploration results, mineral resources and ore reserves”. Mr Ball consents to the inclusion of the mineral resource estimate in the form and context in which it appears based on the