ASX: KBL, KBLGA

May 2012

RESOURCES & ENERGY

SYMPOSIUM PRESENTATION

1

For

per

sona

l use

onl

y

DISCLAIMER

Disclaimer

This presentation has been prepared and issued by KBL Mining Limited (“the Company”). It contains general information about the Company’s activities current

as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed

(nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any

recipient of the presentation should observe any such restrictions on the distribution of this presentation and warrants to the Company that the receipt of the

presentation is not unlawful. The presentation does not constitute, and should not be considered as, an offer or invitation to subscribe for or purchase any

securities in the Company or as an inducement to make an offer or invitation with respect to those securities.

This presentation contains forecasts which are based on various assumptions. While the Company has endeavoured to ensure that that these assumptions are

reasonable, the Company can not factor in future events which are not foreseeable. Therefore, it is possible that the forecasts may not be achieved.

To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and, to the maximum extent permitted by

law, no responsibility or liability is accepted by the Company or any or its officers, employees, agents or consultants or any other person as to the adequacy,

accuracy, completeness or reasonableness of the information in this presentation. To the maximum extent permitted by law, no responsibility for any errors or

omissions from this presentation whether arising out of negligence or otherwise is accepted. An investment in the shares of the Company is to be considered

highly speculative.

Confidentiality

The contents of this presentation are confidential. This presentation is being provided to you on the basis that you do not reproduce, communicate or disclose it

to, or discuss it with, any other person without the prior permission of the Company.

Competent Persons Statement

The information in the Presentation that relates to Exploration Results, Mineral Resources and Reserves has been compiled by Mr Stuart Mathews, MSc (Hons),

who is a Member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of the Company. He has sufficient experience that is relevant

to the styles of mineralisation and types of deposit under consideration and to the activity that is being undertaking to qualify as a Competent Persons as defined

in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Mr Mathews consents to the inclusion in

the Presentation of the matters based on his information in the form and context that the information appears.

Information relating to Resource Estimates is based on prior reports prepared by Mr Colin Lutherborrow (an employee of Zilloc Pty Ltd and a Member of the

Australasian Institute of Mining and Metallurgy) in relation to the Mineral Hill project, and Mr Daniel Wholley (an employee of CSA Australia Pty Ltd and a

Member of the Australian Institute of Geoscientists) in relation to the Sorby Hills, Manbarrum and Constance Range projects. Each of these persons has

sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration and to the activity that is being undertaking to

qualify as Competent Persons as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore

Reserves. Further, each of these persons consents to the inclusion in the Presentation of the matters based on his information in the form and context that the

information appears.2

For

per

sona

l use

onl

y

Constance Range (QLD) Fe

Status Scoping Study

KBL Ownership 30%

Target Mine Life 10+ years

296 million tonnes

157.2m t Fe

1-2mtpa Direct Shipping Ore scoping study

Current Resources

(containing)

Manbarrum (NT) Ag, Pb, Zn

Status Pre-Feasibility

KBL Ownership earning 51%

32.4 million tonnes

10m oz Ag

410,000t Zn

113,000t Pb

Extension to Sorby Hills mine life

Current Resources

(containing)

Sorby Hills (WA) Ag, Pb, Zn

Status Feasibility

KBL Ownership 75%

Target Mine Life 10+ years

16.7 million tonnes

28m oz Ag

750,000t Pb

117,000t Zn

Commence production at 500,000tpa in 2013

Current Resources

(containing)

DIVERSIFIED ASSET BASE

*Resources for KBL are broken down by grade, tonnes and category in the Appendix 3

For

per

sona

l use

onl

y

SUSTAINED GROWTH STRATEGY

4

For

per

sona

l use

onl

y

MINERAL HILL• 100% KBL owned

• 5.2 Mt Resources– 61,000t Cu 220,000oz Au

– 6.1m oz Ag 83,000t Pb 50,000t Zn

• Life of Mine : 10+ years

• CAPEX– Expand mill, gold circuit, SOZ/ESOZ

refurbishment, Pearse Open Cut, Pb/Zn circuit

• Replacement Value: $150m

5

ESOZ

For

per

sona

l use

onl

y

OPERATION SUMMARY

6

• 2011-12:

• Parkers Hill Deposit

• 11,000 DMT of copper

concentrate produced since

November 2011

– 2,500t contained copper

– 800oz Au & 40,000oz Ag

• 2013:

• Pearse Open Cut

• SOZ/ESOZ Underground

For

per

sona

l use

onl

y

UNDERGROUND DEPOSIT PLAN

7

DECLINE FROM

EASTERN PIT100M FROM SURFACE

150M FROM SURFACE

SOZ

ESOZ

PARKERS HILL

EXISTING

ACCESS

MINERAL HILL UNDERGROUND OBLIQUE

For

per

sona

l use

onl

y

Parkers Hill

Open Cut

SOZ Parkers Hill

Deeps

DEPOSIT PIPELINE

Exploration / Concept

Feasibility Studies

Construction / Refurbishment

Operating assets

Parkers Hill

U/G

Pearse

Pearse

North

Iron Duke

ESOZ/SOZ

repeat?

(CMHDD001)

Mt

Marshall

Legend:CuAu/AgCu/AuCu/Ag/Pb

Ag/Pb/Zn

Underground

Open Cut

ESOZ

For

per

sona

l use

onl

y

UNDERGROUND CASH COSTS

9

FURTHER REDUCTIONS

• Au/Ag bullion from Pearse

• Cost allocation between open cut / underground operations

• Pb/Zn credit

For

per

sona

l use

onl

y

Pearse development is subject to mill

expansion, re-installation of CIL circuit,

metallurgical recovery confirmation

PEARSE – Au/Ag Open Cut

Pearse Open Cut - Gold/Silver dore

Commence 1Q CY13

Life of Mine 2-2.5 years

Mining Rate 100 ktpa

Grade Au 7 g/t

Grade Ag 72 g/t

Recovery Au 90% (was 70-80%)

Recovery Ag 75% (was 50%)

Gold Production 20,000 ozpa

Silver Production 165,000 ozpa

10

For

per

sona

l use

onl

y

REGIONAL - IRON DUKE50km from Mineral Hill, a 2km long Cu/Au Strike Zone/Anomaly

Shallow Open Pit Copper Gold potential.

6km

11

For

per

sona

l use

onl

y

SORBY HILLS

SORBY HILLS

12

50km to Kununurra, 170km to Port• 75% KBL, 25% Henan Yuguang Gold

& Lead

• Largest undeveloped, near surface Ag-Pb deposit in Australia

• 16.7mt of Resources, containing– 28m oz Ag

– 750,000t Pb

– 117,000t Zn

• Life of Mine: 10+ years

• Awaiting final approvals

• Stage 1 (FY14)– 500ktpa

– Central 1km of 12km Resource

– CAPEX: $80-$100m to first ore

For

per

sona

l use

onl

y

BONAPARTE BASIN

250km mineralised syncline, KBL has a commanding position

13

For

per

sona

l use

onl

y

FOCUSED DEVELOPMENT

Sorby is Mississippi Valley Type (MVT) Ag-Pb-Zn. Shallow 12m-40m cover

14

For

per

sona

l use

onl

y

D-E DEPOSIT SECTIONS (8291425mN)

Section location

15

1 km

For

per

sona

l use

onl

y

APPENDICESManagement Team

Key Risks

Reserves and Resources

16

For

per

sona

l use

onl

y

EXPERIENCED MANAGEMENT

Jim WallExecutive Chairman

B Eng (UWA)

Mr Wall has been Managing Director of Nicron Resources Limited, Executive Director of Aztec Mining Company Limited and Managing Director of Savage Resources Limited, during which time its market capitalisation on ASX increased by 40 times to over $600 million.

He is a fellow of the Australian Institute of Mining and Metallurgy and is the former Executive Chairman of CBH Resources Limited, retiring in March 2009.

He was most recently a non-executive director of Ferraus Limited, and has previously been a director of other listed companies, such as Emperor Mines Limited and BMA Gold Limited.

Steve LonerganExecutive Director/Co. Sec.

LLB (Hons), LLM.

Mr Lonergan is a commercial

lawyer based in Sydney with

more than 30 years experience

in the Australian and

international mining industry.

He has been General Counsel of

Pancontinental Mining Group, a

partner at Baker & McKenzie

Sydney, General Counsel and

Company Secretary of Savage

Resources Limited and General

Counsel and Company

Secretary of CBH Resources

Limited.

Directorships of other listed

companies in the last 3 years:

Paradigm Metals Limited and

Finders Resources Limited.

Stuart MathewsChief Operating Officer

MSc (Geology)

Mr Mathews has 23 years of geology, mining, and

project development experience both in

Australia and internationally including project

development through to production at the large

Palmarejo Silver and Gold Mine in Mexico and

the Cowal Gold Mine in NSW, Australia.

Stuart Mathews was previously a Vice President

at Coeur D’Alene Mines Corporation.

His prior experience includes management roles

at gold and base metals mines in Western

Australia, New South Wales, Queensland and

New Zealand.

Trangie JohnstonChief Executive Officer

BSc (Hons) (U.Newcastle), M Econ

Geol (U.Tasmania)

Mr Johnston has over 15 years

experience in the mineral

exploration and mining industry

across a wide range of deposit

types and tectonic settings from

Australia, New Zealand, Saudi

Arabia, southern Africa and

central South America.

Mr Johnston has developed a

scale-independent approach to

the analysis of structural geology

facilitating in target generation

and resource definition for a

range of deposits types including

porphyry, high/low sulphidation

epithermal, IOCG, SEDEX, VHMS,

orogenic gold (brittle to ductile

systems), uranium and rare-

element pegmatites.

Mr. Newman has over 33 years experience in

the mining and exploration industry. He has

held positions as chemist and manager of an

analytical services laboratory as well as being

involved in feasibility studies, design,

construction and commissioning of several

mining and processing operations in Australia

and Papua New Guinea.

Ed NewmanGeneral Manager, Projects

17

For

per

sona

l use

onl

y

RESOURCES AND RESERVESKBL Mining Ltd

18

For

per

sona

l use

onl

y

RESOURCES SUMMARY

Project mt Fe % Cu % Pb % Zn % Ag g/t Au g/t

Mineral Hill 5.2 1.2 1.6 0.9 37 1.33

Sorby Hills 16.7 4.5 0.7 52

Manbarrum 32.4 0.4 1.3 9

Constance Range 296 53.1

Project mt Fe (mt) Cu (t) Pb (t) Zn (t) Ag (oz) Au (oz)

Mineral Hill 5.2 61,082 83,298 47,599 6,119,832 222,490

Sorby Hills 16.7 751,500 116,900 28,012,903

Manbarrum 32.4 113,400 411,480 9,615,484

Constance Range 296.0 157.2

Grade

Contained metal

19

For

per

sona

l use

onl

y

MINERAL HILL MINE RESOURCES PART 1

Pearse

Tonnes

(thousands) Silver g/t Gold g/t Silver (oz) Gold (oz)

Indicated 226 84 6.7 611,430 48,769

Inferred 71 67 5.7 153,803 13,085

Total 298 80 6.5 765,232 61,853

Parkers Hill Sulphide

Tonnes

(thousands) Copper % Lead % Zinc % Silver g/t Gold g/t Copper (kt) Lead (kt) Zinc (kt) Silver (oz) Gold (oz)

Indicated 1,450 1.9 1.2 1.2 36 0.30 27.6 17.4 17.4 1,678,268 13,986

Inferred 50 1.6 1.1 2.4 48 0.20 0.8 0.6 1.2 77,162 322

Total 1,500 1.9 1.2 1.2 36 0 28.4 18.0 18.6 1,755,429 14,307

Parkers Hill Oxide

Tonnes

(thousands) Copper % Lead % Zinc % Silver g/t Gold g/t Copper (kt) Lead (kt) Zinc (kt) Silver (oz) Gold (oz)

Indicated 900 0.7 3.7 0.4 67 0.04 5.9 33.6 3.4 1,925,957 1,157

Inferred 200 1.8 3.9 0.3 86 0.05 3.6 7.8 0.6 552,992 302

Total 1,100 0.9 3.7 0.4 70 0.05 9.5 41.4 4.0 2,478,949 1,460

ESOZ

Tonnes

(thousands) Copper % Lead % Zinc % Silver g/t Gold g/t Copper (kt) Lead (kt) Zinc (kt) Silver (oz) Gold (oz)

Indicated 101 1.5 0.1 0.2 7 3.7 1.5 0.1 0.2 22,731 12,015

Inferred 214 2.1 0.1 0.1 8 5.1 4.5 0.2 0.2 55,042 35,089

Total 315 1.9 0.1 0.1 8 4.6 6.0 0.3 0.4 77,773 47,104

CategoryContained metalGrade

CategoryGrade Contained metal

Category

CategoryGrade Contained metal

Grade Contained metal

20

For

per

sona

l use

onl

y

MINERAL HILL MINE RESOURCES PART 2

SOZ (Au Zone)

Tonnes

(thousands) Copper % Lead % Zinc % Silver g/t Gold g/t Copper (kt) Lead (kt) Zinc (kt) Silver (oz) Gold (oz)

Measured 162 0.7 0.4 0.3 9 4.1 1.1 0.7 0.5 48,111 21,198

Indicated 74 0.8 0.9 1.0 18 3.9 0.6 0.7 0.7 43,705 9,231

Inferred 165 0.9 0.5 0.5 12 4.9 1.4 0.8 0.9 63,172 26,158

Total 400 0.8 0.5 0.5 12 4.4 3.2 2.1 2.1 154,988 56,587

SOZ (Cu / Au Zone)

Tonnes

(thousands) Copper % Lead % Zinc % Silver g/t Gold g/t Copper (kt) Lead (kt) Zinc (kt) Silver (oz) Gold (oz)

Measured 479 1.4 0.6 0.4 14 1.1 6.8 2.7 2.0 216,065 17,094

Indicated 233 1.0 0.4 0.4 10 1.4 2.2 1.0 0.9 72,789 10,355

Inferred 150 1.0 0.5 0.3 11 1.5 1.6 0.7 0.5 53,497 7,018

Total 862 1.2 0.5 0.4 12 1.3 10.6 4.4 3.4 342,350 34,467

SOZ (Pb / Zn Zone)

Tonnes

(thousands) Copper % Lead % Zinc % Silver g/t Gold g/t Copper (kt) Lead (kt) Zinc (kt) Silver (oz) Gold (oz)

Measured 90 0.7 3.1 2.4 29 0.4 0.7 2.8 2.2 82,916 1,103

Indicated 389 0.4 2.5 2.7 25 0.2 1.5 9.8 10.3 311,595 2,624

Inferred 220 0.3 2.4 3.1 21 0.3 0.7 5.2 6.8 148,472 1,767

Total 699 0.4 2.6 2.8 24 0.2 2.9 17.8 19.3 542,982 5,494

Cut-off grade 2.5g/t Au

Cut-off grade 1.5% Cu Eq.*

Cut-off grade 4% Pb+Zn

CategoryGrade Contained metal

CategoryGrade Contained metal

CategoryGrade Contained metal

21

For

per

sona

l use

onl

y

MINERAL HILL MINE RESERVES

PARKERS HILL UNDERGROUND

Category Tonnes Copper % Zinc % Lead % Silver g/t Gold g/tContained

Copper (T)

Contained

Zinc (T)

Contained

Lead (T)

Contained

Silver (oz)

Contained

Gold (oz)

Probable 493,600 2.17 1.07 0.85 29.4 0.43 10,711 5,282 4,196 466,566 6,824

Category Tonnes Copper % Zinc % Lead % Silver g/t Gold g/tContained

Copper (T)

Contained

Zinc (T)

Contained

Lead (T)

Contained

Silver (oz)

Contained

Gold (oz)

Probable 343,000 1.27 1.89 1.91 49.2 0.13 4,356 6,483 6,551 542,563 1,434

Copper Reserve: Probable Reserves (@ 1% Copper Cut-off Grade)

Lead-Zinc-Low Copper Combined Zone: Probable Reserves (@ 3.5% Combined Lead-Zinc Cut-off Grade)

PEARSE PROJECT

Category Tonnes Silver g/t Gold g/t Contained Silver (oz) Contained Gold (oz)

Probable Primary 28,458 76 6.9 68,417 6,212

Oxide 18,244 14 4.4 8,102 2,546

Sub Total 46,702 52 5.9 76,519 8,758

Proven Primary 152,489 91 7.3 444,709 35,674

Oxide 36,049 16 6.5 18,519 7,523

Sub Total 188,538 77 7.2 463,228 43,198

TOTAL 235,240 72 6.9 539,746 51,956

Open Cut Reserves

22

For

per

sona

l use

onl

y

2.5% Lead cut-off Category

Tonnes Grade

(millions) Silver g/t Lead % Zinc %

Indicated 4.7 63 4.7 0.4

Inferred 12 48 4.5 0.9

Total

Indicated and Inferred16.7 52 4.5 0.7

SORBY HILLS RESOURCES

23

For

per

sona

l use

onl

y

MANBARRUM RESOURCES

Djibitgan Oxide Zone

Sandy Creek Primary Zone

24

24

For

per

sona

l use

onl

y

CONSTANCE RANGE IRON ORE DEPOSIT

Tonnes Grade

Category (millions) Iron % Silica %

Phosphorus

%

Aluminium

Oxide % LOI %Within National

Park Inferred 59.59 52.7 10.58 0.02 1.64 11.28

Within Buffer Zone Inferred 131.95 53.1 10.51 0.02 2.09 11.11

Outside Buffer Zone Inferred 104.41 53.4 10.09 0.02 1.02 11.23

Total Inferred 295.96 53.1 10.38 0.02 1.63 11.19

Total (excluding

National Park) Inferred 236.37 53.2 10.33 0.02 1.62 11.16

Constance Range Iron Ore Deposit

25

For

per

sona

l use

onl

y

Contact Us(02) 9927 2006

www.kblmining.com.au

26

For

per

sona

l use

onl

y