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KALGOORLIE CONSOLIDATED GOLD MINES

A JOINT VENTURE BETWEEN

What’s Down the Track• Current Life of Mine is to 2021

• Reduce All In Sustaining Cost to below $1,000/oz

• Commitment to Hannans North

• Mt Charlotte UG, 50th Year of continuous operations

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Current StrategyObjective

• Reduce All In Sustaining Cost per ounce to <A$1,000/oz

Tactics

• Reduce operating cash costs

• Tender all new contract work and commercial contracts

• Understand the Risk and Reward profile for current processes and

activities

• Prioritise improvement projects that give “more for less”

• Continue to improve safety performance (currently best since 2008)

• Increase gold production

• Increase mining rate at Mt Charlotte underground

• Specific improvement projects to increase output 3What's Down the Track Forum

Opportunities and ThreatsOpportunities

• Extend current LOM – Open Pit and Underground

• Exploration potential – Underground

• Processing – Large tonnage and low cost

processing plant with capacity to treat refractory

ore

• Workforce – Experienced and stable (residential)

• Community – Good relationship

Threats

• Gold price continues to drop

• Royalty / tax increases

• Australian mining becoming less productive

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2013 LOM Metal Profile

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2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

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0 O

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Open Pit Mining Complete

Marginal Stockpile Processing

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Opportunity

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Mt Charlotte Complete

KCGM Community InvestmentStrategic Long-Term Investments

• Part of ongoing closure planning

• Focused on sustainable projects for the wider community

• Moved away from one-off events and initiatives

Hannans North Tourist Mine

• KCGM acting as caretakers to re-establish the attractions

• Long-term business strategy being developed

• Dependent on community support

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50 Years at Mt Charlotte• 5 Million ounces since 1963

• Expected to close 1976, 1998 and 2001

• 1.2km deep

• Average 3,740oz each month

• Employs 60 people

Public tours

• 12 and 20 underground levels

• Historic and present day mining

• Limited time – Sept and Oct

• 230 visitors

Historic DVD• Overview of the last 50yrs• Available at Super Pit Shop

Proceeds• Approx $5k to Hannans North

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