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KBL Mining Resources Investment

Symposium Broken Hill

May 2014

Disclaimer

IMPORTANT NOTICE AND DISCLAIMER

• This presentation and these materials (together the “Presentation”) has been prepared by KBL Mining Limited ABN 38 129 954 365 (ASX:KBL) (“KBL”) as an Investor Presentation. By participating in this Presentation or reviewing or retaining these materials, you acknowledge and represent that you have read, understood and accepted the terms of this Important Notice and Disclaimer.

• This Presentation should be read in conjunction with KBL’s statutory accounts lodged with the Australian Securities Exchange (“ASX”) on 3 October 2012, 2012 Annual Report, and other periodic and continuous disclosure announcements that have been lodged by KBL to the ASX.

• This Presentation is not intended as an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration under the Securities Act of 1933 or an applicable exemption from registration.

• This Presentation may contain forward looking statements concerning projected earnings, revenue, growth, outlook or other matters (“Projections”) for the current or future financial years. Any such Projections are based on assumptions which may differ materially from the actual circumstances which may arise. KBL undertakes no obligation to update any Projections for events or circumstances that occur subsequent to the date of this Presentation or to keep current any of the information provided. Past performance is no guarantee of future performance.

• Recipients of this Presentation are advised that the information contained in this Presentation is not legal, tax, accounting, investment or financial product advice and should not be used as the basis for making investment decision in relation to KBL securities.

• In addition, some of the financial data included in this presentation may be “non-GAAP” financial measures under Regulation G under the Securities Exchange Act of 1934. Certain of these measures may not be comparable to similarly titled measures of other companies.

• The information contained in this Presentation is for information purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. KBL has no obligation to tell recipients if it becomes aware of any inaccuracy in or omission from the information in this Presentation. This Presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. You should consult your own advisors as to legal, tax, financial and related matters and conduct your own investigations, enquiries and analysis concerning any transaction or investment or other financial decision.

• This Presentation, including opinions set out in it, is based on information compiled or prepared by KBL from sources believed to be reliable, although such information has not been verified in all instances. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this Presentation. To the maximum extent permitted by law, none of [Company short name], its directors, employees, advisors or agents, nor any other person, accepts any liability, including without limitation any liability arising out of fault or negligence, for any loss arising out of the use if the information contained in this Presentation. In particular, no representation or warranty, express or implied, is given to the accuracy, completeness, likelihood of achievement or reasonableness of any forecasts, Projections or prospectus referred to in this Presentation.

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• Successful explorer and profitable producer of base and precious metals

- substantial exposure to copper, gold, silver, lead and zinc • Project portfolio diversified across geographical locations, commodity

and stage of development • Commercially focused and highly experienced Board and management

team

Corporate Snapshot Project Summary

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• Largest undeveloped near surface silver-lead-zinc resource in Australia, located 50km north Kununurra, WA

• Global Resource of 16.7mt at 4.5% Pb, 0.7% Zn and 52g/t Ag containing:

– 750,000t Pb, 117,000t Zn & 28moz Ag

• KBL has 75% ownership in Sorby Hills

– Remaining 25% held by JV partner and the largest silver and lead smelter group in China, Henan Yuguang

• Pre-Feasibility Study successfully completed

• Stage 1 Environmental Approvals received April 2014

• Bankable Feasibility Study and Project Financing to commence

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Bonaparte Basin emerging mining district

Sorby Hills Emerging Mining District

• Stage 1 development - 400,000tpa open pit mine producing 710,000oz Ag and 20,000t Pb pa over a 10 year mine life

• Fast tracked to production with construction and commissioning targeted to commence in 2015

• Production anticipated 2016

• Only 27% of Sorby Hills global resources utilised in Stage 1

• Large opportunity to develop remaining resource base for multi-decade operation

• KBL have substantial footprint in new emerging mining district

• Close access to Asian markets utilising port of Wyndham

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Sorby Hills Project Development

• JORC compliant resources extend over a strike length of 10km.

• Stage 1 project development (C & DE deposits) only accounts for 1.5km of this trend.

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Sorby Hills Project Expansion

D-E Deposit Section (8291425mN)

Section location

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1 km

• Shallow resources • Low stripping ratio • Free dig cover

Sorby Hills Project Parameters

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Mineral Resource

Global 16.7Mt @ 5.2% Pb+Zn & 52g/t Ag (2.5% Pb cutoff)

DE Deposit 2.7Mt @ 6.3% Pb+Zn & 61g/t Ag (2.5% Pb cutoff)

C Deposit 1.5Mt @ 3.7% Pb+Zn & 21 g/t Ag (2.5% Pb cutoff)

Ore Reserves

DE Deposit 2.4Mt @ 5% Pb & 54g/t Ag (2% Pb cutoff)

C Deposit Subject to infill drilling/resource upgrade planned for 2014

Mining

Open Pit 400,000 tpa ore. Pits no deeper than 60m

Strip ratios 3.7:1 life of mine

Mine Life 10 years

Pre-strip 12m of free dig black soil plains (suitable for civil works)

Processing

Method Conventional crush, grind and flotation

Recoveries Lead: 91%, Silver: 87%

Production 37,000 DMT pa Pb-Ag concentrate

Concentrate Grade 55% Pb & 600g/t Ag

Metal 20,000t Pb & 710,000 ounces Ag pa

Capital Costs

Start Up Capital $70m

Cash Costs Pb: $0.21/lb after silver credits

Assumptions Pb: USD 2090, Ag: USD 30/oz, 1AUD=0.90USD

Transport

Mode Concentrate transported in sealed shipping containers

Route 160km sealed road from mine site to the port

Port Ship loading facility at port of Wyndham

Stage 1 Project Parameters

Mineral Hill Project Overview

• 100% owned copper-gold-silver-lead-zinc project located in the Cobar Basin, NSW

• World class mineral province, extensive mining history, current operations and new discoveries

• Current steady state production of 300,000 tpa of ore producing copper concentrate with gold and silver credits

• Produced 9,691t Cu, 7,045oz Au and 236,927oz Ag, 458t Pb since commenced operations in September 2011

• $28m plant and mine refurbishment

• Strong pipeline of exploration and development deposits

• Large JORC compliant resource base

• Strategic asset in mining region

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Mineral Hill Operations & Recent Advances

• Company re-structure & cost reduction program resulting

in substantial productivity improvement & sustained

profitability

• Record Cu-Au production in the March, June & Sept quarters 2013 - with improved grades and recoveries

• Operations shifted from Red Terror Deposit to SOZ Lodes during March Qtr 2014 utilising existing underground infrastructure to access potentially +3 years underground mine supply

• Mining via long-hole open stoping, conventional crush/grind/flotation with concentrate sent by road and rail to Port Botany before shipment

• 85% of employees are residential

• Recent metallurgical breakthrough with successful Pb-Ag-Au processing trials resulting in a marketable lead concentrate in addition to copper/gold concentrate – open up resource base

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Mineral Hill Exploration Targets

• Shallow resources, open along strike/depth

• Less than 5% of drill holes deeper than 300m below surface

• Drill hole database: 2,700 holes for 230,000m

Historical operations 1989 to 2005 (Triako Resources Ltd): 2.1mt @ 6.4g/t Au & 1.14% Cu for 370,000 oz Au & 20,000t Cu

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Mineral Hill SOZ Resource & Reserve Upgrade Drilling Program

Recently completed 6,000m underground diamond drilling program designed to infill and expand resources in SOZ in preparation for Resource/Reserve upgrade (June 2014)

B Lode

C Lode

D Lode

G Lode

H Lode

All lodes are open along strike and down dip

2014 Production

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Mineral Hill SOZ Resource & Reserve Upgrade Drilling Program – G & C Lode Long Section

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Mineral Hill SOZ Resource & Reserve Upgrade Drilling Program - New Lode Discovered

• Discovered by KBL in 2009. Shallow, open pittable, high grade gold-silver deposit located ~800m from the Mineral Hill processing plant

• Pearse has all requisite approvals in place for development

• Pearse North discovered in 2010

• Both deposits start at surface

• Underexplored structural corridor

• Style of deposits form in clusters with multiple targets based soil geochemistry, structural interpretations and isolated drill hole intervals

• Reserve of 235,240t @ 6.92 g/t Au and 71.7 g/t Ag

• Requires re-installation of CIL circuit at mill

Mineral Hill Pearse (Au-Ag-Sb)

15 Cross Section (looking north)

Long Section (looking east)

• Successful explorer and profitable producer of base and precious metals

- substantial exposure to copper, gold, silver, lead and zinc • Project portfolio diversified across geographical locations, commodity

and stage of development • Commercially focused and highly experienced Board and management

team

Corporate Snapshot Project Summary

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Contact Us

(02) 9927 2006

info@kblmining.com.au

www.kblmining.com.au

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