KINGSROSE MINING LIMITED — AGM Information 2013

Nov 6, 2013

High Grades & Low Costs ... The Springboard to Future Growth Annual General Meeting | 7 November 2013

The information contained in this document (“Presentation”) has been prepared by Kingsrose Mining Limited (“Kingsrose” or the “Company”).

This Presentation does not constitute an offer or invitation to any person to subscribe for or apply for any securities in the Company.

While the information contained in this Presentation has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give any representation or warranties (express or implied) as to the accuracy, reliability or completeness of the information in this Presentation, or of any other written or oral information made or to be made available to any interested party or its advisors (all such information being referred to as “Information”) and liability therefore is expressly disclaimed. Accordingly, to the full extent permitted by law, either the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information of for any of the opinions contained in this Presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation.

Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any person. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent.

This Presentation may include certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical facts, that address future activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The Company, its shareholders, directors, officers, agents, employees or advisers, do not represent, warrant or guarantee, expressly or impliedly, that the information in this Presentation is complete or accurate. To the maximum extent permitted by law, the Company disclaims any responsibility to inform any recipient of this Presentation of any matter that subsequently comes to its notice which may affect any of the information contained in this Presentation. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions.

Exploration Results: The information in this report that relates to exploration results is based on information compiled by Mr Andrew Spinks, B.App. Sc (Geology), Grad.Dip (Mining) and is a member of AusIMM and who is a Director of Kingsrose Mining Limited. Mr Spinks has sufficient experience which is relevant to the styles of mineralisation and types of deposits and to the activity 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 or Ore Reserves (“JORC Code”). Mr Spinks consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

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Kingsrose Mining Limited – A Snapshot

Capital Structure (ASX:KRM)[1 ] Board & Management Shares on issue 335m John Morris Chairman Share Price ~40c Tim Spencer Exec Director, CEO Market Cap ~$134m Bill Phillips Non Exec Director Av. Daily Volume 320,000 Andrew Spinks Non Exec Director Cash in Bank $8.1m Tim Davidson Snr. Mining Engineer Production Guidance Steady State Metrics (av FY14 & FY15) FY 2013 20,000oz Au Expected Grade (Au) 8-12 g/t Au FY 2014 40,000oz Au Expected Grade (Ag) 24-28 g/t Ag FY 2015 50,000oz Au C1 cash costs US$370/oz All in sustaining costs[2 ] US$650/oz

1 As at 30/09/2013 2 As per World Gold Council guidance note – 27 June 2013

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Resources Rich Location

“Rim of Fire” in Sumatra, Indonesia - low sulphidation epithermal system

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Established Project (85% owned)

2 mines & 1 processing plant on 100km[2] of secure title (4[th] generation CoW)

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Outstanding Grades

Specialist high-grade narrow vein miners – profit, not ounces

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Significant Growth Potential

Talang Santo – very large, highly prospective system Socially Responsible Operations

Local community engagement & employment

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• Talang Santo mine is much larger than the Way Linggo mine and remains open

• Process plant current capacity 140,000tpa but expandable to 200,000tpa for minimal capex (<$2m)

• A geological review of the Way Linggo mine and its

• surrounds is underway

• Additional low cost exploration initiatives commenced

• on other epithermal targets within 100km[2] Project area

• All infrastructure and key personnel are in place

• • Local community workforce and strong support for

ongoing activities

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• Much larger than the Way Linggo orebody and remains open along strike and at depth

• Development work completed to date has revealed bonanza style grades – up to 125g/t

• Located 17 Km by haul road from the processing plant

• Major cluster of epithermal veining still to be evaluated

• 6 levels planned at 50m spacing (Phase 1)

• A total of 240m horizontal development and 36m vertical development completed

• Infrastructure for the internal shaft linking Level 3 to Level 4 has commenced

• Mine infrastructure in place including:

• 400tpd Headframe/Winder

• Power station

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• 3 horizontal cross cuts completed laterally across the ore body exposed the hanging

• wall vein

• Grades & widths encountered across the mineralised zone exceed mine modelling

• Provides good indication of the ranges of gold grades likely to be encountered when production mining gets underway

• Results included:

  • X-Cut 6E: 1.1m @ 53.5g/t Au & 1.7m @ 21.3g/t Au

  • X-Cut 8E: 1.3m @ 20.2g/t Au & 1.4m @ 12.2g/tAu

  • X-Cut 11E: 0.6m @ 124g/t Au & 0.8m @ 58.5g/t Au & 1.3m @ 15.2g/t Au

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• Current mine design to level 6 showing main level access drifts, sublevel stoping drifts, ventilation/ore passes and haulage shafts

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Talang Cluster - Activities Ramping Up
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Ore at Talang Santo mine

Exploration shaft at Talang Semin

Drill core from under ground rig

Drill rigs on standby

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• 100km[2] land holding in prolifically mineralised area (“Rim of Fire”)

• Held under highly prized 4[th] generation Contract of Work (CoW) with Indonesian Govt

• Numerous defined epithermal zones/targets within the Project area

• In particular, multiple structures out cropping at surface within a 2km radius of the Talang Santo mine

• Exploration shaft at Talang Semin (800m from Talang Santo) underway following encouraging exploration results:

• DDH168 - 6.2m @ 3.85 g/t Au and 14.24 g/t Ag;

0.2m @ 20.3 g/t Au and 1,049 g/t Ag

• DDH180 - 4.75m @ 4.3 g/t Au and 5.45 g/t Ag from 73.75m, (including 0.5m @ 30.2 g/t Au

• and 30.4 g/t Ag);

• 1.4m @ 5.18 g/t Au and 4.31 g/t Ag from 89.2m

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• Geological review of the Way Linggo Mine and surrounds in progress

• Expert consultants engaged to assist Project team to review historical data collated over period of the mines operation – identification of new exploration targets

• Seven 100ha blocks surrounding the mine have been delineated and are currently the subject of reconnaissance work and detailed mapping

• Soil geochemical programme scheduled for next quarter – multi-element pathfinder analysis approach to be applied along with a new structural interpretation

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Past (June 2010 – July 12)

Ø Project EBITDA: USD $83m

Gold Produced: Ø

64,706oz

Ø Mined gold grade:

13.1g/t

Ø EBITDA/Oz: USD$1,282

Ø Costs: C1 USD $207/oz[1] C3 USD $491/oz[2 ] Present (FY 2013)

Break even Ø Future (FY 2014 and beyond)

Ø Production of more ounces per annum over longer mine life should offset lower gold price and marginally higher unit cost as a result of a smaller silver credit

1 C1: Total Cash Costs (less silver by-product credit) 2C3: C1 + royalties, depreciation and mine development amortisation

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Health Initiatives

• Substantial food & equipment donations

• Subsidised medical care, including malaria control & prevention & birth control

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• Education Initiatives

• Student scholarships & teacher allowances

• School building renovations

• Economic Stimulation

• Provision of micro loans to assist local entrepreneurs

• Employment opportunities – majority of mine workers are from local villages

• Financial assistance to local infrastructure projects – roads, bridges, water drainage & development of micro hydroelectric systems for power generation

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Health & Safety Initiatives

• Comprehensive health & safety training regularly provided to all employees, contractors and visitors to site

• Recipient of “Gold Flag” certificate in recognition for the creation of a safe and responsible work environment

• Environmental Awareness

• Operations conducted in a minimally invasive

• manner – little adverse environmental impact

• Regular environmental monitoring and impact

• assessments conducted

• Comprehensive rehabilitation and reforestation takes place on compensation land purchased by the Group and donated to the Ministry of Forestry

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Contact Details:

Tim Spencer – Executive Director, CEO +61 8 9486 1149 info@kingsrosemining.com.au www.kingsrosemining.com.au

ASX:KRM ACN 112 389 910

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