ASX: KBL, KBLGA

May 2012

RESOURCES & ENERGY SYMPOSIUM PRESENTATION

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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.

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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

SUSTAINED GROWTH STRATEGY

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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

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ESOZ

OPERATION SUMMARY

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• 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

UNDERGROUND DEPOSIT PLAN

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DECLINE FROM EASTERN PIT

100M FROM SURFACE

150M FROM SURFACE

SOZ

ESOZ

PARKERS HILL

EXISTING ACCESS

MINERAL HILL UNDERGROUND OBLIQUE

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: Cu Au/Ag Cu/Au Cu/Ag/Pb Ag/Pb/Zn

Underground

Open Cut

ESOZ

UNDERGROUND CASH COSTS

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FURTHER REDUCTIONS • Au/Ag bullion from Pearse • Cost allocation between open cut / underground operations • Pb/Zn credit

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

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REGIONAL - IRON DUKE

50km from Mineral Hill, a 2km long Cu/Au Strike Zone/Anomaly

Shallow Open Pit Copper Gold potential.

6km

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SORBY HILLS

SORBY HILLS

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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

BONAPARTE BASIN

250km mineralised syncline, KBL has a commanding position

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FOCUSED DEVELOPMENT

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

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D-E DEPOSIT SECTIONS (8291425mN)

Section location

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1 km

EXPERIENCED MANAGEMENT

Jim Wall Executive 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 Lonergan Executive 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 Mathews Chief 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 Johnston Chief 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 Newman General Manager, Projects

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RESOURCES AND RESERVES KBL Mining Ltd

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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

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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

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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

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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

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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 Inferred 16.7 52 4.5 0.7

SORBY HILLS RESOURCES

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MANBARRUM RESOURCES

Djibitgan Oxide Zone

Sandy Creek Primary Zone

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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

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Contact Us

(02) 9927 2006

www.kblmining.com.au

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