Kingsrose Mining LimitedKingsrose Mining LimitedKingsrose Mining LimitedKingsrose Mining Limited(ABN 49 112 389 910)

AGMAGM –– 20102010Achievements Over The YearAchievements Over The Year

“ We are miners!! ”“ We are miners!! ”

The Year PastThe Year Past

K E t /O tKey Events/Outcomes

Development of Way LinggoDevelopment of Way Linggo

Divestment of Comet Vale Interest

SARINC project agreement

Growth in share price & market cap.

Growth in Share Price/Market CapGrowth in Share Price/Market Cap

Market Cap 30 June 2009 = $100mMarket Cap 30 June 2010 = $200mMarket Cap (today) = $250m+

Share price doubles over year

SARINC Project AgreementSARINC Project Agreement

SAR (Sardinia) and INC (Zinc)( ) ( )also abbreviation for

Sardegna-Ambiente-Recupero Inc. (Sardinia-Environmental-Recovery Inc )(Sardinia Environmental Recovery Inc.)

An agreement with the Government of Sardinia to extract metals from historic tailings for commercial benefit as part of a process of detoxification of the region of heavy metal products left over from historic mining over several centuries – December ’09.

Divestment of Comet ValeDivestment of Comet Vale

C t V l A Mi P d ti JVComet Vale – A Mine Production JV

- KRM responsible for mining and RDR responsible for Processing.KRM entitled to 60% reco ered gold belo 3 le el and 50% abo e- KRM entitled to 60% recovered gold below 3 level and 50% above.

- KRM could earn 50% in tenements if it produced 25,000oz.

Decision taken by KRM to exit and focus on Way Linggo in Oct ’09Decision taken by KRM to exit and focus on Way Linggo in Oct 09RDR acquired KRM’s interest for (effective 31 May 10) for:

- $2m in cash plus- $2m in RDR shares (4 028m shares)- $2m in RDR shares (4.028m shares)

From Dec’07 to May-’10, Comet Vale produced 78,459t @ 10gpt @ avg94% recovery for = Au 24,162oz (KRM share 11,928oz)94% recovery for Au 24,162oz (KRM share 11,928oz)

Revenue of A$13m and profit (incl. exit sale price) of $4.77m

Development of Way LinggoDevelopment of Way Linggo

Feb 09 – Acqisition of 85% interest in Way Linggo

May 09 – $20m capital raisingDevelopment and Construction gains pace

Nov 09 – Positive Reconcilaitions and Project Potential RealisedDecision to increase plant capacity to 140ktpa.

Jan 10 – Additional capital raising $9m to fund expanded project and increased exploration efforts.

Aug 10 – First Official Gold Pour

Aug 10 to Dec 10 - de-bottleneck plant and fix issuesAug 10 to Dec 10 - de-bottleneck plant and fix issuesbuild to full capacity

The year ahead Key ObjectivesThe year ahead – Key Objectives

• Establish steady-state operation- debottleneck & fix plant defects by year end- build plant throughput to full capacity- build plant throughput to full capacity

• Commence underground stoping production cycle

• Complete Develop 3 level to establish production ore for year 2 & 3

• Extend resources under 3 level with deeper drilling of Way Linggo veins.

Shift focus to surface exploration of nearby mine environs• Shift focus to surface exploration of nearby mine environs

• Establish base datasets for better regional targets - possibly drill at Semung Kecil

Way Linggo Project Sumatra IndonesiaWay Linggo Project - Sumatra, Indonesia

Way Linggo ProjectWay Linggo Project

4th Generation CoW

Key Prospect Locations

• Way Linggo

• Semung Kecil

• Others

Way Linggo Project - MiningWay Linggo Project - Mining

1020 Level Main Haulage PortalROM PadMine Service Area

Way Linggo Project - MiningWay Linggo Project - Mining

Bogging high grade oreExperienced Indonesian minerson staff.

3 shifts per day

Way Linggo LS Sep 09 (12 Months ago)Way Linggo LS -Sep 09 (12 Months ago)

Way Linggo LS Sep ‘10Way Linggo LS -Sep 10

Way Linggo Project - North Vein Ore BodiesWay Linggo Project - North Vein Ore Bodies

A Ore BodyQuartz - Adularia – Clay Assemblage

1020 Level Face sampling (uncut)

B Ore BodyQuartz – Chlorite – Clay Assemblage

1020 Level Face sampling (uncut)p g ( )112 m @ 20.4 g Au/t, 304 g Ag/t Average width 4.1 m

p g ( )90 m @ 33.5 g Au/t, 414 g Ag/t Average width 4.5 m

Where to put the plant?Where to put the plant?

Way Linggo Project Process Plant DesignWay Linggo Project - Process Plant Design

Way Linggo Process Plant Flow SheetWay Linggo - Process Plant Flow Sheet

Way Linggo Project Process PlantWay Linggo Project - Process Plant

Way Linggo Project Process PlantWay Linggo Project - Process Plant

Way Linggo Plant nearly completeWay Linggo Plant – nearly complete

Way Linggo Project Tailings DamWay Linggo Project - Tailings Dam

Way Linggo Project Projected PerformanceWay Linggo Project - Projected Performance

Ore Stockpile by Oct 2010 20,000+ tonnes @ ~20g/t Au

Mill Throughput 140,000 tonnes p.a.

Budgeted grade for first 18 months 12 g/t Au, 180g/t Agg g g , g g

Plant Commissioning Starts April – May 2010

Mill recovery rate 90%

Mill availability rate 92%

Steady�state annualised production 45 000 oz Au per annumSteady state annualised production 45,000 oz Au per annum750,000 oz Ag per annum

Way Linggo The right geological settingWay Linggo – The right geological setting

Hi hl ti l i lHighly prospective geologicalsetting

Structural setting related to TransStructural setting related to TransSumatra Fault Zone (TSFZ)

Major dextral strike slip regimeMajor dextral strike slip regime–Dilational jogs–Pull apart basins

Significant mines and projects related to TSFZ

� Martabe 5 9MozMartabe 5.9Moz� Pongkor 3.6Moz� Lebong Tandai 1.4Moz.� Lebong Donok 1.3Moz.g

Way Linggo ProjectWay Linggo Project

REGIONAL GEOPHYSICAL DATAREGIONAL GEOPHYSICAL DATA

Magnetics, Radiometrics, Landsat, Ground Radar & Digital TerrainGround Radar & Digital Terrainsurveys and modeling define crustal and alteration features.

Way Linggo ProjectWay Linggo Project

REGIONAL GEOPHYSICAL DATAREGIONAL GEOPHYSICAL DATA

Magnetics, Radiometrics, Landsat, Ground Radar & Digital TerrainGround Radar & Digital Terrainsurveys and modeling define crustal and alteration features.

Way Linggo ProjectWay Linggo Project

REGIONAL GEOPHYSICAL DATAREGIONAL GEOPHYSICAL DATA

Magnetics, Radiometrics, Landsat, Ground Radar & Digital TerrainGround Radar & Digital Terrainsurveys and modeling define crustal and alteration features.

Detailed Interpretation and structural modeling by expertsstructural modeling by experts(in this case Dr Steve Garwin) unravel a complex story

After Dr S. Garwin 2010

Way Linggo Project Exploration TargetsWay Linggo Project – Exploration Targets

Zone of subdued magnetic relief indicates extent of major hydrothermal cell extending to north of known prospects

After Dr S. Garwin 2010

Way Linggo ProjectWay Linggo Project

Way Linggo ProjectWay Linggo Project

Way Linggo Project ExplorationWay Linggo Project – Exploration

Way Linggo ProjectWay Linggo Project

Way Linggo Project ExplorationWay Linggo Project – Exploration

Way Linggo ProjectWay Linggo Project

Way Linggo Project ExplorationWay Linggo Project – Exploration

Way Linggo ProjectWay Linggo Project

Way Linggo Project ExplorationWay Linggo Project – Exploration

Way Linggo ProjectWay Linggo Project

Way Linggo Project ExplorationWay Linggo Project – Exploration

The infancy of Way Linggo In perspectiveThe infancy of Way Linggo – In perspective

Original PajingoOriginal Pajingo 370 000 oz Au @ 8370 000 oz Au @ 8 9 g Au/t9 g Au/tOriginal Pajingo Original Pajingo -- 370,000 oz Au @ 8370,000 oz Au @ 8 –– 9 g Au/t9 g Au/tVera Nancy Vera Nancy -- 2,900,000 oz Au @ 13.5 g Au/t2,900,000 oz Au @ 13.5 g Au/t

Current extent of drilled resource at Way Linggo overlaidCurrent extent of drilled resource at Way Linggo overlaid

Key AssetsKey Assets

Way Linggo Gold Project 85%Sumatra, Indonesia,

SARINC Base Metal Tailings Project 85%S di i It lSardinia, Italy

SARINC ProjectSARINC Project

SAR (Sardinia) and INC (Zinc)also abbreviation fora so abb e a o o

Sardegna-Ambiente-Recupero Inc.(Sardinia-Environmental-Recovery Inc.)

A tailing retreatment project aimed at the f t l d th d t ifi tirecovery of metals and the detoxification

of the region of heavy metal products.

SARINC ProjectSARINC ProjectHighlights

• Agreement to reprocess massive Lead-Zinc tailings project in Sardinia.g p j

• Tailings Resource estimate (Non-JORC)89.2Mt @ 2.07% Zn, 0.56% Lead.89.2Mt @ 2.07% Zn, 0.56% Lead.

• Over 1.8 million tonnes contained Zinc, nearly 500 000 tonnes Lead + ???Silvernearly 500,000 tonnes Lead + ???Silver.

• Residues from one of largest historic Lead Zinc provinces in EuropeLead-Zinc provinces in Europe.

• No royalties payable – local partner with 1 %15% Net Interest.

SARINC ProjectSARINC Project

Highlights

• Cambrian-Ordivician Age

• Largest historic Lead-Zinc gprovince in Europe

• Hydrothermal Style andHydrothermal Style andMississippi Valley Style Deposits

• Lead Zinc Silver plus other• Lead Zinc Silver plus othermetals in highly fertile area

SARINC ProjectSARINC Project

M ti hi N 2 DMontivecchio No 2 Dam

SARINC Project• Mississippi Valley style at Montoponi/Iglesias.

SARINC Project

• Hydrothermal Style in the Montivecchio Region.

• Differing mineralogical compositions.

• Several different metallurgical processes have been used to• Several different metallurgical processes have been used torecover metals and similarly over time different methods of tailings encapsulation was applied.

SARINC ProjectCampo Pisano 3 & 4 Cross-section

SARINC Project

Dam 4 0.4% Pb1.4% Zn

Dam 30.33% Pb1.80% Zn

100m

SARINC ProjectResource Estimates (Non-JORC) – Major Tailings Dam sites

SARINC Project

SARINC Key ObjectivesSARINC – Key Objectives

• Confirm results from IGEA sampling - completed the first phase of evaluation drilling- perform our own resource estimates- perform our own resource estimates

• Commence first pass metallurgical testwork to ascertain recoverability of i l d b i fl h tminerals and basic flowsheet.

• Finalise agreements and the way forward with Sardinian Govt.

• Establish a separate specialist vehicle for the assets commercial opportunity.opportunity.

• Provide opportunity and benefit for Kingsrose shareholders.

General Disclaimer

This presentation has been prepared by Kingsrose Mining Limited (“Kingsrose” or the “Company”). It should not be considered asan offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation containsforecasts and forward looking statements Such forecasts projections and information are not a guarantee of future performanceforecasts and forward looking statements. Such forecasts, projections and information are not a guarantee of future performance,involve unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied.Kingsrose has not audited or investigated the accuracy or completeness of the information, statements and opinions contained inthis presentation. Accordingly, to the maximum extent permitted by applicable laws, Kingsrose makes no representation and cangive no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assume no liability for, theauthenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement oropinion contained in this presentation This overview of Kingsrose does not purport to be all inclusive or to contain all informationopinion contained in this presentation. This overview of Kingsrose does not purport to be all inclusive or to contain all informationwhich its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct yourown investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of theinformation, statements and opinions contained in this presentation before making any investment decision.

Competent Person Statement

The information in this presentation report that relates to exploration results, mineral resources and ore reserves is based oninformation compiled by Dr Michael Andrews B.Sc.(hons) Ph.D., who is a Fellow of the Australasian Institute of Mining andM ll d Di f Ki Mi i L d D A d h ffi i i hi h i l h l fMetallurgy, and a Director of Kingsrose Mining Ltd. Dr Andrews has sufficient experience which is relevant to the styles ofmineralization and types of deposits and to the activity which he is undertaking to qualify as a Competent Person as defined in the2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”). DrAndrews consents to the inclusion in this report of the matters based on this information in the form and context in which itappears.