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Kingsrose
  Mining
  Limited
   (ABN 49 112 389 910)


 ASX Code: KRM

Gold Miners
November 2011
General Disclaimer
This presentation has been prepared by Kingsrose Mining Limited (“Kingsrose” or the “Company”). It should not be considered as
      an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation
      contains forecasts 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 in this presentation. Accordingly, to the maximum extent permitted by applicable laws,
      Kingsrose makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no
      responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or
      omission, from any information, statement or opinion contained in this presentation. This overview of Kingsrose does not
      purport to be all inclusive or to contain all information which its recipients may require in order to make an informed
      assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order
      to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this
      presentation before making any investment decision.

The SARINC target statement has been based on data provided by Regional Government of Sardinia, Italy. The estimate of the
     potential quantity and grade are considered conceptual in nature as there has been insufficient exploration to define a
     Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.


                                                Competent Person Statement
The information in this report that relates to exploration results, mineral resources and ore reserves is based on information
     compiled by Mr. Peter G. Cook, BSc Applied Geol, MSc (Min Econ), who is a Member of the Australasian Institute of Mining
     and Metallurgy, and a Director of and consultant to Kingsrose Mining Limited. Mr. Cook has sufficient experience which is
     relevant to the styles of mineralisation and types of deposits 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 of Exploration Results, Mineral Resources and
     Ore Reserves (“JORC Code”). Mr. Cook consents to the inclusion in this report of the matters based on his information in the
     form and context in which it appears.
Who is Kingsrose Mining?

• Gold miner in production
    Targeting 45 koz gold, 500 koz silver production
• One of the lowest cost producers in the world
    Targeting US$150/oz (After silver credits)

• High operating margins generating significant cash flow
    $33 million in cash and bullion (at 30 Sep 2011)
• Massive growth opportunity
    Highly prospective land holdings on Trans Sumatra Fault
    Virgin discovery of high grade epithermal veins with the potential
     for a new high grade mine at Talang Santo
    Aggressive exploration with 12 drill rigs in action
Way Linggo ownership


        Kingsrose                   Bapak
      Mining Limited              Herryansjah
           85%                       15%

                          PT
                       Natarang
                        Mining
                        100%


                        Way
                       Linggo
Way Linggo - mining

Underground mining
• Sub-vertical epithermal
  vein
• Access via 2 adits &
  internal shaft
• Hand-held stoping
  methods
• Small scale boggers,
  locos and granbys on
  rails
• Skip hoisting up slope to
  stockpile
North Vein ore bodies

                  Mine performance to date
Original resource estimate grade           Mining to date (approx)
• 8.44 g/t Gold                            • 14.8 g/t Gold
• 129 g/t Silver                           • 174 g/t Silver




  A Ore Body Zone                       B Ore Body Zone
  Quartz - Adularia – Clay Assemblage   Quartz – Chlorite – Clay Assemblage

  1020 Level Face sampling (uncut)      1020 Level Face sampling (uncut)
  112 m @ 20.4 g Au/t, 304 g Ag/t       90 m @ 33.5 g Au/t, 414 g Ag/t
  Average width 4.1 m                   Average width 4.5 m
Way Linggo - Resource estimate (June 2011)

Increase in AuEq oz since June 2010 after mine depletion
•    Refer to 2011 Annual Report for further details



    Classification         Tonnes             Au g/t             Ag g/t     AuEq g/t   AuEq oz

      Measured             467,393            12.44              166.8       16.27     244,490

       Indicated           182,811             6.09               84.5        8.22     48,313

        Inferred            60,138             3.77               38.1        4.65      8,991

        TOTAL              710,342            10.24              135.6       13.25     302,604

     • Resource depleted for mining to the end of June 2011

     • Resource reported in compliance with JORC Code 2004
     • Gold equivalent (AuEq) assumes 1 g/t Au is equivalent to 45 g/t Ag
     • Classified Mineral Resource is based on 2.5 g/t AuEq cut-off grade
Way Linggo – process plant
   140,000 tpa Plant
         Crushing

          Milling

          Leach

       Merrill Crowe

         Smelting                                           Mill Throughput
                                    35,000


                                    30,000


                                    25,000
                       Dry tonnes



                                    20,000


                                    15,000


                                    10,000


                                     5,000


                                        0
                                               10




                                                        0




                                                                    1




                                                                                    11




                                                                                             1
                                                                             11
                                                      Q1




                                                                  Q1




                                                                                           Q1
                                               pQ




                                                                                    pQ
                                                                         nQ
                                                                ar
                                                       c




                                                                                            c
                                                    De




                                                                                         De
                                             Se




                                                                                  Se
                                                                        Ju
                                                               M
Way Linggo – process plant

Improvements
Initially there were clay
handling problems
restricting throughput
Remedy

SAG Mill installation and
minor circuit modifications
•   improved plant operability
    and de-risked the process
                                 Opportunity to expand plant to 600 t/day
•   Reduced operating costs      capacity to grow with additional mining
•   Increased circuit capacity   from Way Linggo extension and the new
    for future process plant     discoveries.
    expansion
Way Linggo - production scorecard

                               2010/2011   Steady    Expanded
                                            State    Capability
Mine throughput        t         61,068    140,000    200,000
Mine grade          g/t gold      13.0      12.0        12.0
                       g/t        162       144         144
                     silver

Mill throughput        t         66,336    140,000    200,000
Mill grade          g/t gold      14.1      12.0        12.0
                       g/t        179       144         144
                     silver

Gold production       oz         27,056    45,000      64,000
Silver production     oz        318,869    500,000    710,000
Way Linggo - financial scorecard

                              2010/2011   Steady State   Expanded
                                                         Capability
Mining cost            $/oz     119           200           140
Process cost           $/oz     253           215           180
Admin cost             $/oz      92           75            50

Operating cost         $/oz     464           490           370
Operating cost after   $/oz     142           150           80
silver credits

D&A                    $/oz     246           210           200
Government royalties   $/oz      33           35            35

Total cost             $/oz     421           395           315
15 exploration
    targets
   3 exploration
   priorities
   Talang cluster
   Way Linggo mine
   Semung Kecil


 12 rigs in action
 6 field teams
 $14 million budget
  over the next 12
  months
Talang cluster of prospects
Talang Santo – drilling results
DDH 194   2.4m @ 7.5 g/t Au, 35 g/t Ag
          and
          3.9m @ 9.2 g/t Au, 21 g/t Ag

DDH 199   1.1m @ 46.9 g/t Au, 88 g/t Ag
          and
          4.35m @ 10.0 g/t Au, 25 g/t Ag

DDH 206   4.80m @ 10.3 g/t Au, 34 g/t Au
          and
          2.00m @ 5.01 g/t Au, 10 g/t Ag

DDH 207   1.45m @ 10.2 g/t Au, 16 g/t Ag
          and
          1.30m @ 14.4 g/t Au, 26 g/t Au

DDH 208   10.65m @ 8.3 g/t Au,11 g/t Ag
          including
          1.25m @ 30.6 g/t Au, 40 g/t Ag

DDH 226   4.65m @ 16.31 g/t Au,47 g/t Ag
          including
          1.75m @ 37.9 g/t Au, 117 g/t Ag

DDH 233   4.95m @ 17.56 g/t Au,33 g/t Ag
          including
          0.95m @ 51.81 g/t Au, 93 g/t Ag
Talang Santo – a potential 2nd mine
 Talang Santo only 7 km NNE from Way
  Linggo.
 Access road complete - 17 km long
   • Haul road standard to Way Linggo
 Total 6 rigs at Santo
 Fast track resource definition
 Already shaping up as similar size to Way
  Linggo and still open along strike and at
  depth.
 No impediments to quick development
Kingsrose Mining Limited

Investment proposition
•One of the lowest cost gold mines in the world
•Risk free gold exposure with significant upside
   – Already producing, capital sunk, no debt, high cashflow

•High margins – gold price less $150/oz
•Strong stock performance
   – Up 31% in last 12 months (as at 10 Oct 2011)
   – Up 155% in last 24 months (as at 10 Oct 2011)
   – Recent discovery provides opportunity for similar uplift

•$33 million in cash and bullion at 30 Sep 2011
•Board track record
Way Linggo – gold producer
Board of Directors
John Morris         Mr. Morris has over 36 years experience in exploration, project development and management of public listed resource
                    companies. He has held prior directorships in a number of gold and base metals public companies in Australia and
Chairman
                    overseas including Forsayth NL, Uruguay Mineral Exploration Plc and Amerisur Resources Plc (formerly Chaco
                    Resources Plc/Gold Mines of Sardinia Plc)

Chris Start         Mr. Start graduated from RMIT as a Metallurgical Engineer with honors in 1988 and has over 23 years of experience in
                    the mining industry. He has worked as a metallurgist, in management positions and as a consultant at a number of mine
Managing Director
                    sites including Kidston, Murrin Murrin, Granny Smith and Boddington. Mr. Start also has international experience working
                    as the Processing Manager at Mt Muro gold and silver mine in Indonesia and as the General Manager at the
                    Musselwhite gold mine in Canada. In addition to his extensive operations experience, Mr Start also has a Master of
                    Science Degree in Mineral Economics.

Tim Spencer         Mr Spencer is an economist and qualified accountant with over 16 years experience in various accounting, treasury and
                    finance roles, which included periods with gold companies and a gold refining and trading enterprise. He has particular
Finance Director
                    expertise in precious metals markets and in hedging strategies.


Peter Cook          Peter Cook is a Geologist and Mineral Economist and is the current Non-Executive Chairman of Metals X Limited,
                    Aragon Resources Limited and Pacific Niugini Limited. He is also a director of Westgold Resources Limited. Mr Cook
Non-Exec Director
                    brings significant expertise in exploration, mine and corporate management.

Bill Phillips       Mr. Phillips has over 30 years experience in mining contracting and mine management, much of which has been gained
                    in Western Australia. He is highly regarded as a leading specialist in underground narrow vein mining. He has managed
Non-Exec Director
                    or been instrumental in the successful development of 16 mines either in the role of contractor or as owner/shareholder.
                    Mr. Phillips most recent role was overseeing development, mining and production at Medusa Mining Limited’s Co-O gold
                    mine in the southern Philippines. He is now focused solely on the Way Linggo gold/silver mine located in Sumatra.

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Kingsrose Mining: Gold Miners November 2011

  • 1. Kingsrose Mining Limited (ABN 49 112 389 910) ASX Code: KRM Gold Miners November 2011
  • 2. General Disclaimer This presentation has been prepared by Kingsrose Mining Limited (“Kingsrose” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation contains forecasts 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 in this presentation. Accordingly, to the maximum extent permitted by applicable laws, Kingsrose makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation. This overview of Kingsrose does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. The SARINC target statement has been based on data provided by Regional Government of Sardinia, Italy. The estimate of the potential quantity and grade are considered conceptual in nature as there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. Competent Person Statement The information in this report that relates to exploration results, mineral resources and ore reserves is based on information compiled by Mr. Peter G. Cook, BSc Applied Geol, MSc (Min Econ), who is a Member of the Australasian Institute of Mining and Metallurgy, and a Director of and consultant to Kingsrose Mining Limited. Mr. Cook has sufficient experience which is relevant to the styles of mineralisation and types of deposits 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 of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”). Mr. Cook consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
  • 3. Who is Kingsrose Mining? • Gold miner in production  Targeting 45 koz gold, 500 koz silver production • One of the lowest cost producers in the world  Targeting US$150/oz (After silver credits) • High operating margins generating significant cash flow  $33 million in cash and bullion (at 30 Sep 2011) • Massive growth opportunity  Highly prospective land holdings on Trans Sumatra Fault  Virgin discovery of high grade epithermal veins with the potential for a new high grade mine at Talang Santo  Aggressive exploration with 12 drill rigs in action
  • 4. Way Linggo ownership Kingsrose Bapak Mining Limited Herryansjah 85% 15% PT Natarang Mining 100% Way Linggo
  • 5. Way Linggo - mining Underground mining • Sub-vertical epithermal vein • Access via 2 adits & internal shaft • Hand-held stoping methods • Small scale boggers, locos and granbys on rails • Skip hoisting up slope to stockpile
  • 6. North Vein ore bodies Mine performance to date Original resource estimate grade Mining to date (approx) • 8.44 g/t Gold • 14.8 g/t Gold • 129 g/t Silver • 174 g/t Silver A Ore Body Zone B Ore Body Zone Quartz - Adularia – Clay Assemblage Quartz – Chlorite – Clay Assemblage 1020 Level Face sampling (uncut) 1020 Level Face sampling (uncut) 112 m @ 20.4 g Au/t, 304 g Ag/t 90 m @ 33.5 g Au/t, 414 g Ag/t Average width 4.1 m Average width 4.5 m
  • 7.
  • 8. Way Linggo - Resource estimate (June 2011) Increase in AuEq oz since June 2010 after mine depletion • Refer to 2011 Annual Report for further details Classification Tonnes Au g/t Ag g/t AuEq g/t AuEq oz Measured 467,393 12.44 166.8 16.27 244,490 Indicated 182,811 6.09 84.5 8.22 48,313 Inferred 60,138 3.77 38.1 4.65 8,991 TOTAL 710,342 10.24 135.6 13.25 302,604 • Resource depleted for mining to the end of June 2011 • Resource reported in compliance with JORC Code 2004 • Gold equivalent (AuEq) assumes 1 g/t Au is equivalent to 45 g/t Ag • Classified Mineral Resource is based on 2.5 g/t AuEq cut-off grade
  • 9. Way Linggo – process plant 140,000 tpa Plant Crushing Milling Leach Merrill Crowe Smelting Mill Throughput 35,000 30,000 25,000 Dry tonnes 20,000 15,000 10,000 5,000 0 10 0 1 11 1 11 Q1 Q1 Q1 pQ pQ nQ ar c c De De Se Se Ju M
  • 10. Way Linggo – process plant Improvements Initially there were clay handling problems restricting throughput Remedy SAG Mill installation and minor circuit modifications • improved plant operability and de-risked the process Opportunity to expand plant to 600 t/day • Reduced operating costs capacity to grow with additional mining • Increased circuit capacity from Way Linggo extension and the new for future process plant discoveries. expansion
  • 11. Way Linggo - production scorecard 2010/2011 Steady Expanded State Capability Mine throughput t 61,068 140,000 200,000 Mine grade g/t gold 13.0 12.0 12.0 g/t 162 144 144 silver Mill throughput t 66,336 140,000 200,000 Mill grade g/t gold 14.1 12.0 12.0 g/t 179 144 144 silver Gold production oz 27,056 45,000 64,000 Silver production oz 318,869 500,000 710,000
  • 12. Way Linggo - financial scorecard 2010/2011 Steady State Expanded Capability Mining cost $/oz 119 200 140 Process cost $/oz 253 215 180 Admin cost $/oz 92 75 50 Operating cost $/oz 464 490 370 Operating cost after $/oz 142 150 80 silver credits D&A $/oz 246 210 200 Government royalties $/oz 33 35 35 Total cost $/oz 421 395 315
  • 13. 15 exploration targets 3 exploration priorities Talang cluster Way Linggo mine Semung Kecil  12 rigs in action  6 field teams  $14 million budget over the next 12 months
  • 14. Talang cluster of prospects
  • 15. Talang Santo – drilling results DDH 194 2.4m @ 7.5 g/t Au, 35 g/t Ag and 3.9m @ 9.2 g/t Au, 21 g/t Ag DDH 199 1.1m @ 46.9 g/t Au, 88 g/t Ag and 4.35m @ 10.0 g/t Au, 25 g/t Ag DDH 206 4.80m @ 10.3 g/t Au, 34 g/t Au and 2.00m @ 5.01 g/t Au, 10 g/t Ag DDH 207 1.45m @ 10.2 g/t Au, 16 g/t Ag and 1.30m @ 14.4 g/t Au, 26 g/t Au DDH 208 10.65m @ 8.3 g/t Au,11 g/t Ag including 1.25m @ 30.6 g/t Au, 40 g/t Ag DDH 226 4.65m @ 16.31 g/t Au,47 g/t Ag including 1.75m @ 37.9 g/t Au, 117 g/t Ag DDH 233 4.95m @ 17.56 g/t Au,33 g/t Ag including 0.95m @ 51.81 g/t Au, 93 g/t Ag
  • 16. Talang Santo – a potential 2nd mine  Talang Santo only 7 km NNE from Way Linggo.  Access road complete - 17 km long • Haul road standard to Way Linggo  Total 6 rigs at Santo  Fast track resource definition  Already shaping up as similar size to Way Linggo and still open along strike and at depth.  No impediments to quick development
  • 17. Kingsrose Mining Limited Investment proposition •One of the lowest cost gold mines in the world •Risk free gold exposure with significant upside – Already producing, capital sunk, no debt, high cashflow •High margins – gold price less $150/oz •Strong stock performance – Up 31% in last 12 months (as at 10 Oct 2011) – Up 155% in last 24 months (as at 10 Oct 2011) – Recent discovery provides opportunity for similar uplift •$33 million in cash and bullion at 30 Sep 2011 •Board track record
  • 18. Way Linggo – gold producer
  • 19. Board of Directors John Morris Mr. Morris has over 36 years experience in exploration, project development and management of public listed resource companies. He has held prior directorships in a number of gold and base metals public companies in Australia and Chairman overseas including Forsayth NL, Uruguay Mineral Exploration Plc and Amerisur Resources Plc (formerly Chaco Resources Plc/Gold Mines of Sardinia Plc) Chris Start Mr. Start graduated from RMIT as a Metallurgical Engineer with honors in 1988 and has over 23 years of experience in the mining industry. He has worked as a metallurgist, in management positions and as a consultant at a number of mine Managing Director sites including Kidston, Murrin Murrin, Granny Smith and Boddington. Mr. Start also has international experience working as the Processing Manager at Mt Muro gold and silver mine in Indonesia and as the General Manager at the Musselwhite gold mine in Canada. In addition to his extensive operations experience, Mr Start also has a Master of Science Degree in Mineral Economics. Tim Spencer Mr Spencer is an economist and qualified accountant with over 16 years experience in various accounting, treasury and finance roles, which included periods with gold companies and a gold refining and trading enterprise. He has particular Finance Director expertise in precious metals markets and in hedging strategies. Peter Cook Peter Cook is a Geologist and Mineral Economist and is the current Non-Executive Chairman of Metals X Limited, Aragon Resources Limited and Pacific Niugini Limited. He is also a director of Westgold Resources Limited. Mr Cook Non-Exec Director brings significant expertise in exploration, mine and corporate management. Bill Phillips Mr. Phillips has over 30 years experience in mining contracting and mine management, much of which has been gained in Western Australia. He is highly regarded as a leading specialist in underground narrow vein mining. He has managed Non-Exec Director or been instrumental in the successful development of 16 mines either in the role of contractor or as owner/shareholder. Mr. Phillips most recent role was overseeing development, mining and production at Medusa Mining Limited’s Co-O gold mine in the southern Philippines. He is now focused solely on the Way Linggo gold/silver mine located in Sumatra.