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Presentation
The 7th Annual Asia Mining Congress
2011Singapore
5 April 2011
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A Silver & Base Metal Company
On Target for Production & Development
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CAPITAL STRUCTURE
Capital Structure March 2011
Issued capital* 185.4 m
Cash Position** $20.4 m
Market Capitalisation - at 25 cents/share $46.3 m
* Includes 24.4 million shares escrowed until 25 February 2012
** Includes Sorby Hills Joint Venture cash
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KIMBERLEY ASSETS
Mineral Hill
200,000 tpa facility at Mineral Hill in full
refurbishment to 250,000 tpa capacity
offices & mine infrastructure in place
Existing mining leases
Mineral resource of copper–lead–zinc–gold–silver
Sorby Hills
Sorby Hills ML’s renewed for 21 years (Feb 2010) Extensive infrastructure adjacent to the
tenements
Large silver-lead-zinc mineral resources defined
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KIMBERLEY ASSETS
Tonnes Ag
(g/t)
Au
(g/t)
Cu
%
Pb
%
Zn
%
Contained
Ag (M oz)
Contained
Au (K oz)
Mineral Hill
Pearse 298,00 80 6.5 - - - 0.9 62
Mineral Resources(details given in attached Resources Tables)
0
Parkers Hill Oxide 1.1 M 61 - 0.6 3.3 0.4 2.1 -
Parkers Hill Sulphide 1.3 M 35 - 1.9 1.2 1.2 1.5 -
Sorby Hills
at 2.5% Pb Cut-off 16.9 M 56 - - 4.6 0.7 30 -
at 1.0% Pb Cut-off 28.4 M 43 - - 3.4 0.6 40 -
Resources Contain: 44.5 million ozs Silver, 62,000 ozs Gold.
1 million tonnes Lead
200,000 tonnes Zinc30,000 tonnes Copper
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KIMBERLEY BACKGROUND
• KBL holds large Silver and Base Metal resources strategy in place to develop these resources
plus expand copper, lead, zinc, & silver resources by drilling and acquisition
• Agreement completed with the China’s largest lead producer, Henan Yuguang Gold & Lead: - -- -
$5 million share issue at 25 cents per share for a 15% interest
• Dual Track Development of Mineral Hill existing dual flotation and CIL processing plant with refurbishment well advanced
Parker’s Hill underground copper & silver mine production from mid 2011
Permitting & subsequent development of the Pearse gold & silver project in 2011
Processing plant to dual treat sulphide copper ore from Parkers Hill & gold/silver ore from
the Pearse Open Cut
• Sorby Hills to Accelerate to Feasibility Infill resource definition drilling completed late 2010
New resource model completed & announcement pending Environmental studies have commenced & key personnel appointed
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MINERAL HILL
• Parkers Hill U/G Mine to becommissioned with development in
place
• Pearse Project – new high grade
Pearse Project
Au & Ag
• Low cost open cut development plan
for Pearse
• Key Management Positions
appointed:
General Manager
Mining manager
Process Superintendent
Mine Geologists
• Recruitment of all Operations
Personnel in progress
Parkers Hill
Cu, Pb, Ag, Zn
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MINERAL HILL PROCESSING PLANT
Existing process plant &
infrastructure
Targeting mid 2011 production
,
capability
$7.5 Mill in plant
refurbishment and
modifications commenced
Aug 2010
Offices & amenities in place
Copper concentrates from
mid-2011
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Completed
Feed Bin
100%
com leted
PROCESSING PLANT – MARCH 2011
Conveyors
Refurbishment
in progress Secondary crusher – 100%
complete
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PROCESSING PLANT – MARCH 2011
Crusher – 100% complete Interstage Screen- 95 %
complete
Mills – Structural steel –
nearing completion
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Platform for fine ore bins
50% complete
PROCESSING PLANT – MARCH 2011
Floatation – new
cells, gridmesh &
filter press - in
progress
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MINERAL HILL MINE REACTIVATION
Mid 2011 start up• Parkers Hill Mine 5 – 6 year underground operation
• Parkers Hill Production Cu/Ag and bulk Pb/Zn concentrates
Indicated Resources:
1.2 Mt @ 1.9% Cu, 1.2% Pb, 1.2% Zn & 35g/t Ag
• Pearse Deposit – EIS & Development Consent pending
Open Cut Reserves defined:
235,240t @ 6.72g/t Au & 71.7g/t Ag, 2 – 3 years operation
• High silver oxide zone at Parkers Hill potential open cutResource: 1.1 Mt @ 61g/t Ag, 3.3% Pb
Initial Production Rate (per annum):
4,000 tonnes Cu from Parkers Hill
Copper – lead – zinc capability from 2012
20,000 oz Au, 150,000 oz Ag Pearce open cut Excellent in-mine & regional exploration targets
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MINERAL HILL – PARKERS HILL MINE
Cu, Pb, Ag, Zn Mine
• Underground project fully permitted
PARKERS HILL
EAST PIT
• High grade primary copper resource with
3 levels of underground development
• 5 – 6 years production
•
Mine production from mid-2011
• Open pit oxide resource
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PARKERS HILL DEPOSIT
400 mRL 1 2 0 0
m E
1 7 0 0
m E
1 6 0 0
m E
1 5 0 0
m E
1 4 0 0
m E
1 3 0 0
m E
Oxide Resource
Sulphide Resource
Drill holes
Existing
Underground
Development
Existing
Open Cut
300 mRL
100 mRL
200 mRL
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PARKERS HILL MINE 195 LEVEL
PARKERS HILL 195 level
Existing Development and distribution
of High Grade Resource
195 Access
High grade
levelDevelopment
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• Regulatory Approval granted 9th January2008
• Approved Mine Operations Plan
PARKERS HILL - DEVELOPMENT
• 250,000 tonnes per annum mining rate
• Decline access and three development
levels established
• Underground contractor selected andmobilised to site – December 2010
(Pybar, Orange NSW)
• Operating scope completed
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PARKERS HILL - DEVELOPMENT
• Underground pumping for dewatering of deeper development commenced to
access additional resources
• –
established December 2010
• Underground refurbishment
commenced 6th December 2010
– Installation of ground support (rockboltingand meshing) – to be completed April 2011
– Decline road works and drainage completed
– Stope development and ore production –
Initial Plan completed
– Jumbo mobilised to site 21st February
– Ore development from mid-April 2011
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PEARSE PIT & HAUL ROAD LAYOUT
Existing Mining Lease
Gold and Silver Reserve:
235,000 tonnes @ 6.92 gt Au & 71.7 gt Ag
Mine infrastructure
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Drill hole
PEARSE PIT LAYOUT & LONG SECTION
NorthSouth Surface
1 0 0 m E
3 0 0 m E
2 0 0 m E
Collar
Drill hole
Trace
Oxide
Resources
Primary
Resources
OxideResource
Primary
Resource
Proposed
Open Cut
Mine Plan – Open Cut Long Section
300 mRL
200 mRL
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SORBY HILLS LEAD-SILVER PROJECT
• 50 kms North of Kununurra, WA
• Adjacent to established
infrastructure
• Accessible port facilities at
Wyndham
• Largest undeveloped
Ag-Pb resource in Australia atopen cut depth
• Definitive Feasibility targeted for
end 2012 completion
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LOCATION & OVERVIEW
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SORBY HILLS LEAD-SILVER PROJECT
Mineralised Ore Pods over 8km strike length• Mining Leases renewed for 21 years February 2010
• Indicative project scope
Production rate of up to 1 million tonnes per annum Mine life >10 years
Soft Ore (work index 9.7)
• Feasibility Commenced August 2010
Infill drilling to establish mining reserves
Hydro-geological studies commenced Environmental studies commenced
Key project personnel appointments pending
HYG&L Joint Venture Partner
Funding $5 million feasibility study for 25% JV interest
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Overview – All Mineralised Pods with Resources
A-Pod
B-Pod
Inferred Resource:
16.9 Mill Tonnes @ 4.6% Pb, 0.7% Zn, 56 gt Ag
AlphaBeta
I-PodE-F Pods
D-Pod
C-Pod
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2010 DRILLING PROGRAM
Program Target
• Near surface open cut mine opportunity (up to 70m depth)
• C D and I Pods tar eted
• 8305m completed in 96 drillholes
• I & C Pods - program confirmed continuity of mineralisation and resources
•
D Pod mineralisation extended 70m North towards E Pod
• Resource upgrade pending
• Scoping study targeting shallow high grade open cut mineralisation commenced
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C POD – SORBY HILLS
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D POD – SORBY HILLS
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I POD – SORBY HILLS
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MANBARRUM
Manbarrum Zn-Pb-Ag Project
–
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GEOLOGICAL SETTING
• Regional carbonate formation of theBonaponte Basin hosts extensive
Mississippi Valley Type (MVT) Pb-Zn-Ag
mineralisation
Geology of the region surrounding Sandy Creek
• Sorby Hills on West limb of syncline fold,
Manbarrum on East limb
• Basin margin structures and cross faults
control higher grade mineralisation
• Majority of mineralisation strataformwith low angle dips.
• Alluvial cover 5m to 30m thick
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Emerging Base Metal
District
2000 km2 land holding
in WA and NTLandandi
Zn-Pb-Ag
Prospect
MANBARRUM PROJECT –TNG TENEMENTS
Manbarrum Project –3 Exploration Licences
total 530km2
2 Authorisations total
34km2
Tenure is good standing
Sorby Hills
Pb-Zn
Deposit
Sandy Creek
Zn-Pb-Ag
Deposit
Djibitgun
Zn-Ag
Deposit
Browns
Zn-Pb-Ag
Prospect
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SANDY CREEK DEPOSIT
JORC Inferred/Indicated
• Current resource Stratabound
only – Excludes central pipe
• New drilling confirmed grades
in pipe zone
• Metallurgical work positive
• Shallow deposit – open cut
• No major environmental issues
• High groundwater flow likely
to restrict open cut depth
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SUMMARY KIMBERLEY METALS LIMITED
• A silver and base metals Company poised for production
• Cash Flow from Mineral Hill mid 2011
• Feasibility at Sorby Hills – commenced
• Quality and Value Assets