Kasbah Resources Limited

An

Emerging

Tin Producer

Diggers & Dealers

Kalgoorlie – 6 August 2012

DISCLAIMER

Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the future financial or operating performance of the Company and its projects, constitute forward-looking statements. All statements, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “intend”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding targets, estimates and assumptions in respect of tin or other metal production and prices, operating costs and results, capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates. Forward-looking statements are necessarily based upon a number of estimates and assumptions related to future business, economic, market, political, social and other conditions that, while considered reasonable by the Company, are inherently subject to significant uncertainties and contingencies. Many known and unknown factors could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements. Such factors include, but are not limited to: competition; mineral prices; ability to meet additional funding requirements; exploration, development and operating risks; uninsurable risks; uncertainties inherent in ore reserve and resource estimates; dependence on third party smelting facilities; factors associated with foreign operations and related regulatory risks; environmental regulation and liability; currency risks; effects of inflation on results of operations; factors relating to title to properties; native title and aboriginal heritage issues; dependence on key personnel; and share price volatility and also include unanticipated and unusual events, many of which are beyond the Company’s ability to control or predict. For further information, please see the Company's most recent annual financial statement, a copy of which can be obtained from the Company on request or at the Company's website: www.kasbahresources.com. The Company disclaims any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. All forward-looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, not to put undue reliance on such statements.

The information in this report is based on information compiled by Mr. Chris Bolger a Member of the Australasian Institute of Mining and Metallurgy. Mr. Bolger is a full-time employee of Kasbah Resources Limited and 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. Bolger consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

The information in this report which relates to Mineral Resources is based on information compiled by Michael V. McKeown who is a Fellow of the Australasian Institute of Mining and Metallurgy. Michael McKeown is employed by Mining One Pty Ltd and he has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration 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 Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Michael McKeown consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. The information in this report that relates to Mining Inventory is based on information reviewed by Mr Bill Frazer, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Frazer is a Director and Employee of Mining One Consultants Pty Ltd. Mr Frazer 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 (JORC Code). Messrs Bolger, Frazer and McKeown consent to the inclusion in this report of the matters based on information provided by them and in the form and context in which it appears.

COMPETENT PERSON’S STATEMENT

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Presentation Rule # 1

We don’t pay attention ….. to boring things

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6 Competitive Advantages

2 tin assets

Strategic partner

$ 28.5 M cash

Team

Funding options

Clear strategy

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Top 20 Shareholders

IFC (World Bank) 15.8 %

African Lion 15.1 %

Mgmt. & Directors 3.1 %

Balance top 20 23.8 %

Shareholders Who Need Tin

Transamine (trader) 3.3 %

Traxys (trader) 3.3 %

Thaisarco (smelter) 2.0 %

Capital Structure

Shares on Issue 396 M

Options on Issue 11.5 M

Market Cap (@20cps) 79.1 M

ASX : KAS

KASBAH – Corporate Snapshot

Cash

$28.5M

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Mike Spratt Non - executive

Chairman

Rod Marston Non - executive

Director

Trevor O’Connor CFO & Company

Secretary

Wayne Bramwell Managing Director

Mike Kitney Chief Operating

Officer

Rob Weinberg Non - executive

Director

Ian McCubbing Non - executive

Director

Gary Davison Non - executive

Director

KASBAH – Our Team

Chris Bolger GM Exploration &

Resource Dev 6

Tin majors struggling

Production declining

Cost of production increasing

Few new, sustainable projects in development

TIN – 4 Reasons To Be A Bull

“ We believe that the LME price will recover and continue to forecast that

it will move back above US$25,000 / t next year. ”

BNP Paribas 27 July 2012

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0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

1900 1920 1940 1960 1980 2000 2012 2016

US$/t

LME TIN Price – 4th peak approaching?

Historic under-investment

Mine grades reducing

Input cost inflation

Reducing impact of artisanal mining

Production costs

increasing

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■ New, sustainable tin sources are rare

■ Achmmach is largest undeveloped hard rock tin project in the world

■ Current Inferred and Indicated resources total 14.6 Mt @ 0.9% Sn for 135,000 tonnes contained

■ Growth - Meknes and Sidi Addi Trends

■ DFS initiated

ACHMMACH – A Strategic Tin Asset

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Bou El Jaj Project

Kasbah Exploration

Base

El Hammam Fluorite Mine

Achmmach Project

A virgin tin field

15km

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14.6 Mt @ 0.9% Sn

for 135,000 t

ACHMMACH – 2 parallel tin systems Sidi Addi Trend

Meknes Trend

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ACHMMACH – Meknes Trend Wireframes

West

East

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0

20

40

60

80

100

120

140

160

180

200

SRZKAS

CSDVMS

MLXMinsur

KASMLX

Minsur

48 54 58

82 89 92

135 153

181

Tin Resource/Reserve

(kt)

* Source - Company Presentations and ASX releases

(HR) (HR) (HR) (HR) (Tails)

(Tails) (HR) (HR) (HR)

ACHMMACH – Major uplift in contained tin

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≈ 1.6km of strike

ACHMMACH – PFS Mine Design ( Mar 12 Resource Model )

600m vertical depth

West East 15

Achmmach – A New Generation Tin Mine

PFS Parameter Units PFS Value

Mining inventory A Mt 6.626

Mined ore tin grade % Sn 0.93

Average mill throughput Mtpa 1.0

Initial Mine Life Years 6.6

Tin Recovery % 74

Average tin in concentrate production tpa 6,880

DFS targets

■ Increased mine life

■ Optimised surface layout and mine plan

■ Optimised flowsheet and metallurgy

A – mining inventory includes inferred and indicated mineral resources that have had mining dilution and recovery factors applied creating an inventory of potential stope and development tonnes.

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Exploration Upside – Bou El Jaj & Sidi Addi

Bou El Jaj (BLJ)

15km from Achmmach

Low cost acquisition - 100% Kasbah

Extensive HG tin outcrop

Sidi Addi Trend

Parallel system to Meknes Trend

2km of strike

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Toyota Tsusho Corporation (TTC) trades ≈ 8% of global tin market.

TTC can earn 20% interest in Achmmach by making 4 staged payments and signing a JV agreement

Kasbah has received T0 + T1 + T2 = $16,000,000

T3 due 90 days post completion of DFS

Development funding opportunity through JOGMEC

Oh what a feeling ! - Toyota Tsusho JV

KASBAH – The Value Proposition

2 tin assets

$28.5M in cash

Toyota Tsusho as strategic partner for Achmmach

Development funding options through strategic partner, existing shareholders and IFC (World Bank)

Organic exploration upside

Team with tin pedigree

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Bou El Jaj

Q3 2012 - drilling commences

Achmmach

Q4 2012 - Bulk met work starts

Q1 2013 – Resource upgrade

Q1 2013 – Engineering starts

Q4 2013 – DFS complete

KASBAH – Milestones Ahead

KASBAH

stay tuned

Talk Tin with Kasbah

@ Booth 100

Keep Calm

and

Carry On

www.kasbahresources.com

ASX

KAS

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