KGL RESOURCES LIMITED — Investor Presentation 2011

May 15, 2011

Kentor Gold May 2011 Investor Presentation

ANDASH PROJECT

• 1.6mtpa to 3.2mtpa throughput

• Simple and conventional open pit and flotation plant

• 3 stage crush, grind, float process

• Average annual production:

• 70,000 oz Au and 7,400t Cu

• High grade concentrate 24.5% Cu and 72 g/t Au

• No deleterious elements

• Initial mine life 6 years

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• Resource/reserve expansion likely to significantly increase mine life

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ANDASH PROJECT

• Cash cost US$29/oz Au (after Cu credits and royalty)

• Capital Cost US$96m

• Base Case NPV US$130m

• US$1,000/oz Au & US$2.75/lb Cu

• Base Case NPV increases by 56% by adding additional 6.0 mt of ore (2 years)

• 12 month construction programme

• Awaiting final approvals

• Corporate Income Tax 10%

• Sales Tax 1.5%

• Royalties – Gold 5%, Copper 3%

Cost component (US$/t)	Phase 1 (1.5mtpa)	Phase 2 (3mtpa)
Mining	3.46	3.46
Processing	8.62	7.09
G&A	3.38	1.69
Total	15.46	12.24

Project NPV (US$)

Gold Price	Copper Price (US$/lb)	Copper Price (US$/lb)	Copper Price (US$/lb)	Copper Price (US$/lb)	Copper Price (US$/lb)
(US$/oz)	2.25	2.75	3.25	3.75	4.25
800	56	83	110	138	165
1,000	103	130	157	185	212
1,200	150	177	204	231	258
1,400	197	223	251	278	305
1,600	243	271	298	325	352

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ANDASH PROJECT

• Project Capital Cost US$96m

• Macquarie Bank to provide project debt of US$50m

• No compulsory hedging

• Cash in the bank US$71m (end of March 2011)

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ANDASH PROJECT

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• Fully funded through to production

 Developing one of the world’s lowest cost gold mines

• Growing the resource base

• Negotiations with local community

 12 month construction programme

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• Kentor Gold has taken over 94% of Jinka Minerals

 Near term development of Gold and Copper Resources

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Location of Projects

Burnakura (100%) 50km south of Meekatharra Gabanintha (100%) 45km southeast of Meekatharra Jervois (100%) 280km northeast of Alice Springs

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Key terms of offer

 A$7.8m for all Jinka shares and options on issue

• Repayment of Jinka loans of A$4.95m

 All cash offer to be funded from existing cash reserves

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Murchison Projects

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Burnakura - Gabanintha

• The Burnakura and Gananintha projects are within 20km of each other, approximately 750km NE of Perth and south of Meekatharra

• Good access from Great Northern Hwy and Meekatharra-Sandstone Road

• Planned work aimed at early conversion of mineralisation to resources to reserves

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Burnakura Gold Project - Summary

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• 100% interest

• Located 50km south of Meekatharra, WA • 47.5 km2 gold prospective tenements of pre-1994 granted mining leases

Open pit historic production of 216,250 oz (1.8 million tonnes at 3.8 g/t)

Open pit production ceased in 1998 when the gold price fell below A$440 per oz Underground production of 50,637 oz (264,731 tonnes at 5.95 g/t) 160,000 tpa CIL gold plant

Refurbished ninety-person camp, offices and workshops

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Burnakura Project

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Burnakura Aerial View

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Burnakura NOA 7 and 8

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Burnakura Authaal

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Gabanintha Copper-Gold Project

• Key prospect - Yagahong

• North Copper-Gold Deposit

• Recent exploration success on adjacent tenements at Lady Alma and Copper Hills

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• Yagahong North is located just north of the Yagahong open pit

• Granted mining lease

• Aim to delineate and quantify a JORC compliant resource.

• Quality gold and copper drill results beneath and lateral to existing shallow pits

• Trucking distance to Burnakura Plant for Ore

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• 100% Interest

• Land holding 38km[2 ]

• 12km strike of prospective

sequence

• All tenements granted prior to introduction of Native Title legislation

• Advanced multi-metal prospect with over $5 million incurred on past exploration

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Magnetics

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SAM Conductivity

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Reward Longitudinal Section
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Bellbird Longitudinal Section
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Jervois

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Reward looking east

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Reward looking north

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Reward looking south

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Bellbird looking north

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Bellbird looking south

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• Delineate and quantify a JORC compliant resource at Gabanintha and Burnakura

• Complete feasibility studies at Burnakura and Gabanintha for Open Pit extensions

• Recommission the Burnakura Plant and possible increase in capacity

• Complete infill drilling program at Jervois for JORC resource calculation

• Complete feasibility study at Jervois

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KEY CONTACTS

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