KGL RESOURCES LIMITED — Investor Presentation 2012

Feb 6, 2012

Kentor Gold February 2011 Investor Presentation

1. Andash Gold Copper Project - Kyrgyzstan

2. Jervois Copper Gold Project – Australia 3. Murchison Gold Project - Australia

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Acquire Develop
Operate
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Corporate Structure
KENTOR GOLD
80% 100%
Andash Mining Company (Kyrgyz Republic) Jinka Minerals (Australia)
100% 100% 100%
Kyrgyz Republic
Andash
Murchison
Jervois
Gold Copper
Gold
Copper
Silver
Gold
Lead
X Zinc
Jervois
X
X
Murchison
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ANDASH PROJECT

 Capital Cost US$96m *

• Cash cost US$29/oz Au (after Cu credits and royalty - Copper US$2.75/lb)

• 12 month construction programme

• Awaiting final approvals

• Corporate Income Tax 10%

• Sales Tax 1.5%

• Royalties – Gold 5%, Copper 3%

• Capex, Opex and project financials under review

Operating Costs (US$/t)

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
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
1,800	290	317	344	372	399

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ANDASH PROJECT

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

• Growing the resource base

• Final negotiations with local community

• 12 month construction programme

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JERVOIS PROJECT

Jervois Copper Project

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• 100% Interest

• Granted Mining License

• Land Holding 38 km2

• 12km of prospective strike

Outcropping Copper Ore

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JERVOIS PROJECT

Reward Ore body Long Section

• Inferred Copper Resource of 11.9 Mt @ 1.3% Cu and 25.2 g/t Ag

• 150,500t of contained copper and 9.7 m oz contained silver

• Additional Exploration Potential of 5.0 – 10.0Mt @ 0.75 to 1.25% Cu and 10 to 25g/t Ag at a 0.5% Cu cut off (50,000 to 100,000 tonnes Cu and 3 to 5Mozs Ag

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Bellbird ore body Long Section

Green circles are drill hole pierce points

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Murchison Gold Project

Murchison Gold Project

• Consists of the Burnakura and Gabanintha sites

• 700,000 ounce Inferred Resource

• Plan to commence production in June 2012

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Murchison Gold Project Existing Infrastructure

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Murchison Gold Project

Inferred Resource (0.5 g/t gold cut off) Mt Au g/t Au oz 15.1 1.5 719,000

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20,000 m RC drill programme underway to infill and increase resource

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Murchison Gold Project

 1. Refurbish and restart existing CIL Plant

 2. Add a heap leach circuit to treat low grade ore  3. Expand plant to 500,000 tpa  4. Flotation of copper gold ore

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Murchison Gold Project

• Convert from CIP to CIL

• Expand to 260,000 tpa

• Commence production in June 2012

• Initial Production Rate 24,000 oz gold p.a.

 Capital cost $14.8m ($2m spent already)

• Stage 1 cash cost $1,224 / oz

• High grade production – 3 g/t gold

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Murchison Gold Project

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Note: Photographs of equipment on site at the Indee mine site

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Murchison Gold Project

Gabanintha HeliTem Survey

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HeliTem Results Northern Leases

Murchison Gold Project

HeliTem Survey

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HeliTem Results Southern Leases

Kentor Group Resources

	Tonnes (mt)	Grade Au g/t	Grade Cu%	Grade Ag g/t	Gold (oz)	Copper (t)	Silver (Oz)
Andash Inferred	0.38	0.93	0.25		11,350	950
Jervois Inferred	11.9		1.3	25.2		150,500	9,700,000
Burnakura Inferred	10.6	1.5			516,000
Gabanintha Inferred	4.5	1.4			203,000
Andash Indicated	15.12	1.0	0.38		532,643	57,770
Andash Measured	4.08	1.04	0.48		149,046	19,538
Total Resources	46.58				**1,412,039 **	**228,758 **	**9,700,000 **

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Conclusion

• Near term gold production

• Active exploration programmes at all Australian sites

• Strong news flow

• Strong cash position

• Pipeline of projects

• Increasing resources

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KEY CONTACTS

For more information contact

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• Competent Persons Statements

• The information in this report that relates to mineral resource estimation for Gabanintha and Burnakura is based on work completed by Mr Jonathon Abbott is a member of the Australasian Institute of Mining and Metallurgy. Mr Abbott 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 ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Abbott consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

• The data in this report that relates to Mineral Resource Estimates for Jervois is based on information evaluated by Mr Simon Tear who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM) and who has sufficient experience 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 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”). Mr Tear is a full-time employee of Hellman & Schofield Pty Ltd and he consents to the inclusion in the report of the Mineral Resource in the form and context in which they appear.

• The Resource estimates for Andash in this report are based on information compiled by Dr. Phil Newall, who is a Chartered Engineer and Fellow of the Institute of Materials Minerals and Mining and a full time employee of Wardell Armstrong International. Dr. Newall has sufficient experience which is relevant to the style of the mineralisation and the type of deposit under consideration and to the activity to which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr. Newall has consented to the inclusion of this information in the form and context in which it appears in this report.

• We advise in accordance with Australian Stock Exchange Limited Listing Rules 5(10) and 5(13) that the exploration results for Burnakura and Gabanintha are based on information compiled by Mr Nigel Cranley of Plutonic Geological Services who is a corporate member of the Australian Institute of Mining and Metallurgy. Mr Cranley is not a full time employee of Jinka Minerals Limited and has consented in writing to the inclusion in the presentation of matter based on the information so compiled by him in the form and context in which it appears.

• The exploration data in this report relating to the Jervois project is based on information compiled by Rudy Lennartz, who is a member of the Australian Institute of Mining and Metallurgy and a full time employee of Jinka Minerals Ltd. Mr. Lennartz has sufficient experience which is relevant to the style of the mineralisation and the type of deposit under consideration and to the activity to which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Lennartz has consented to the inclusion of this information in the form and context in which it appears in this report.

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