INVESTOR PRESENTATION For personal use only2013/10/29 · Gambia Pit design For personal use only Mt Jewell Field -Opportunity to grow and develop a large low grade resource. 13 Strategic

INVESTOR PRESENTATION

Wade Johnson Exploration Manager

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• The material provided to you does not constitute an invitation, solicitation, recommendation or an offer to purchase or subscribe for securities.

• This presentation is provided to you for the sole purpose of providing preliminary background technical, financial and other information to introduce you to the business activities of KalNorth Gold Mines Limited (“KalNorth’).

• This presentation may contain “forward looking statements” which are made in good faith and are believed to have reasonable basis. Such forward looking statements are subject to risks, uncertainties and other factors which could cause the actual results to differ materially from the future results expressed, projected or implied by forward looking statements.

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Corporate Snapshot

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Market performance

Key statistics ASX code: KGM

Ordinary shares: 169.9M

Share price: $0.036

Market cap: $6.2m

www.kalnorthgoldmines.com

Board of Directors Laurence Freedman AM Chairman

Robert Schuitema Exec Director & Secretary

Henry Yu Non-Exec Director

As of close of market 24/10/13

KGM Shareholders distribution

KGM % Issue Capital Citicorp Nominees Pty Ltd

Link Traders (Aust) Pty Ltd

Susan Carr

Iron Mountain Pty Ltd

National Nominees ltd

Other Share holdersFor

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http://www.kalnorthgoldmines.com/

The Company is focussed on exploring for and developing major gold resources within its wholly owned land portfolio in the well endowed Eastern Goldfields Province of Western Australia.

Dominant regional land position proximal to Kalgoorlie, WA • 100% owned semi-contiguous package of tenements covering 1,400km² – KalNorth Gold Field

• Tenements form four key project areas each with distinct, exploration potential, resource and strategic characteristics that provide optionality for development.

• All projects within 1 hour of established infrastructure & mining services in Kalgoorlie

Substantial gold resource base established across the KalNorth Field that has potential for growth and development. • Total Gold Resource base of 1.1Moz ( Inc. Reserves)1

• Total Gold Reserve base of 267,000oz within four deposits1

• Development options advanced for three deposits

Exploration upside across the tenement portfolio that lies within a terrain that hosts world class gold deposits. • Projects lie at or near major gold mineralised structures and within favourable host rocks

• Emerging top tier targets being advanced at four prospects.

• Mt Jewell identified as immediate opportunity to grow resource base. 4

1.Refer to appendix- Resource Reserve Tabulation

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The Company is solely focussed on gold exploration in a area that hosts numerous world class gold deposits.

1400km2 of tenure stretching 100km’s across strike in a area highly endowed with +1Moz gold mines. Tenements collectively known as the

KalNorth Gold field. Tenure covers stratigraphic and

structural packages of rocks that share similarities to those hosting major gold deposits in the Kalgoorlie area. KalNorth's objective is to search for,

discover and develop significant gold deposits within its land holding.

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The company has established four fields that combined form a strategic and dominant landholding to the north east of Kalgoorlie.

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• Tenements accessible and linked via network of sealed and gravel roads and within 1 hour of Kalgoorlie.

• The four fields

interconnected by developed, planned and proposed haul roads that give optionality for development scenarios.

• Tenements covered by a land access agreement with Central East Native Title Group

• Three operating gold processing plants located nearby.

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Lindsays Field Strategic Considerations A portfolio of contiguous granted tenements covering 185km2. Located 70km and easily accessed from Kalgoorlie Current Mining Approval over two Mining Leases and haul road. Resources1

317,600oz resource, including 42,000oz reserve. Development Open pit mining in 2013 produced 6,153oz from the processing of 131,982tonnes of ore Additional four open pits to be developed on improved gold price. Potential to develop an underground mining operation beneath Stage 2 pit. Mining Approval allows open pit mining to be quickly recommenced. Exploration Upside Opportunity to convert significant resource beneath stage 2 Pit to reserve with further

drilling. High Potential to extend Parrots vein at depth and discovery of additional sub parallel

narrow high grade quartz veins. RAB drilling immediately along strike to the north of the stage 2 pit has identified

encouraging gold mineralisation in altered dolerite host rocks over a 250m strike length.

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Lindsay's-Maiden Mining Operation

Open pit mining commenced at Lindsays in January 2013 and ceased on August 5 2013 .

Three open pits were developed, the largest being Stage 2 which focussed on the Parrot Feathers structure.

Ore was hauled in 170 tonne capacity road trains 72km’s on private haul roads to the Carosue Dam Operation (CDO).

During this period 131,982 tonnes of ore was processed under agreement at CDO for the recovery of 6,153oz of gold.

A lower gold price, challenges associated with mining a flat dipping narrow mineralised structure resulted in a temporary suspension of mining.

Site infrastructure and equipment removed but can be quickly reinstated when a decision to recommence mining is approved.

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Deeper exploration drilling on the key Parrot Feathers structure has highlighted the consistent down dip continuity of the narrow high grade vein.

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The vein has been evaluated by step out drilling over a 300m strike length demonstrating continuity of the vein some 440m down dip.

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Lindsays holds the potential for future underground operations beneath the open pits.

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The width, grade, continuity and geometry of the Parrot Feathers vein exposed at the base of the stage 2 pit gives confidence in interpreting and future development of the structure.

With a total JORC Resource1 of 5.13Mt @ 1.9

g/t for 317,600oz Au there is an immediate opportunity to reevaluate this to focus on a higher grade component.

Initial assessment of the viability of an

underground operation has been completed to highlight areas for future drilling to confirm grade and continuity of concept stopes.

The Stage 2 open pit provides immediate

access to commence a decline underground operation.


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Kalpini Field-Central to the four fields and contains a 255,600oz resource at the site of the historical Atlas Gold Mine

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Strategic Considerations A portfolio of semi contiguous granted

tenements covering 174km2, centred on Kalpini resource.

Located 70km from Kalgoorlie and 51km from Carosue Dam operation.

Granted Mining Lease secured over resource. Licence approved for haul road to link with

CDO access road 5.5km’s to the north. Resources1

Resource: 4.6Mt @ 1.7 g/t for 255,600oz Au Probable Reserve: 567,000t @2.8 g/t for

50,040oz Au Exploration Upside Mineralisation within narrow high grade veins

with multiple orientations hosted by dolerite. New broad zone of gold mineralisation

identified at Atlas remains untested.


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Kalpini-planning advanced to develop the Gambia orebody into KGM’s second mine.

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Development • Initial pit designed at Gambia

based on haulage and processing at CDO.

• Metallurgical testwork completed indicating free milling primary ore with good recoveries.

• Key Baseline surveys completed allows immediate progression to initiate permitting and Mine Approval process.

• Central location allows options for haulage to CDO or a future KGM processing operation.

• Potential for reserve increase if KGM constructs own mill.

Gambia open pit design

Gambia Pit design

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Mt Jewell Field-Opportunity to grow and develop a large low grade resource.

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Strategic Considerations • Large portfolio of contiguous granted

tenements covering 743km2. • Located 40km north of and easily

accessed from Kalgoorlie. • Application for Mining Lease to cover

resource being processed. • Adjacent to Goldfields Gas pipeline.

• Application for a licence to construct a

Haul road to link Lindsays located 25km to the east in place.

• Proximity to existing gold processing

plants gives options for development. • Emerging targets being identified

proximal and along strike of existing resource.

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Mt Jewell – Significant Development potential.

• Two deposits – Tregurtha and Hughes

• Higher tonnage and lower grade than other KalNorth deposits.

• Potential to host a processing plant. The owned infrastructure would substantially lower processing costs and improve Reserves.

• Broad intersections of low grade mineralisation remain open at depth at both deposits.

• Potential for Resource to be much larger than what is currently defined.

• New round of drilling a priority to increase current Resource/Reserve base

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Resource1: 8.6Mt @ 1.0g/t for 275,600oz Au Reserve1: 2.73Mt @1.36g/t for 119,800oz Au

Tregurtha Optimised Pit


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Significant extension of Tregurtha resource targetted.

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Recent RAB drilling has identified a significant mineralised trend 300m to the south of the Tregurtha resource. Drilling penetrated a depleted oxide

zone overlying the granite hosted mineralisation over a 250m strike length The tenor and style of mineralisation

is similar to Tregurtha and suggests potential for an improvement of the system at depth. Notable results include:

24m @ 0.99g/t Au from 28m 12m @3.84/gt Au from 32m Discovery of a new system similar to

Tregurtha or Hughes could enhance the economics of the project.

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Kurnalpi Field –Major historical goldfield has much more to unveil.

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› Summary • Substantial tenement holding of

contiguous granted tenements covering 318km2.

• Site of major alluvial gold rush at turn of century, that continues to deliver.

• Located 70km east of Kalgoorlie via key public road.

• Resources secured with granted Mining Leases

• Multiple regional targets within a highly prospective stratigraphic package.

› Resources1

• Resource: 5.6Mt @ 1.2 g/t for 205,000oz Au

• Reserve: 1.1Mt @1.7g/t for 59,930oz Au • Brillant is most advanced and largest of

the six resources.


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Brilliant Trend-mineralisation open along strike in favorable host stratigraphy.

• Gold mineralisation defined over a 2500m strike length hosted by multiple dolerite sills within Komatiite sequence:

• New mineralised and dolerites discovered to the west of Brilliant exhibit greater width of alteration and trend untested to the north.

• New mineralised trend has potential to be a stand alone operation and further drilling planned to define extent of new structure.

• Mineralised trend continues to be outlined to the north of Brilliant by broad spaced air core drilling beneath palaeochannel cover.

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Exploration at Kurnalpi delivering emerging targets for additional drilling.

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• RAB drilling in late 2012 along the Zandor trend located 6km to the west of Brilliant identified a mineralised corridor over a 2500m strike length

• Gold mineralisation is interpreted to relate to a series of sub-vertical structures within a broad package of sheared mafic lithologies, proximal to the Avoca Fault.

• Notable intersections include: KURB 097 6m from 33m @2.73g/t Au KURB 114 3m from 39m @3.11g/t Au KURB 164 1m from 63m @7.43g/t Au

• Further RAB and RC drilling is planned to continue to

evaluate the system.

Drill hole KURB 097

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Kurnalpi Field also prospective for Ni mineralisation.

Tenements on the western margin of the Kurnalpi Field cover a 8km long belt of Komatiite that is prospective for Ni mineralisation.

Ni rights over the ultramafic belt recently ( 18 October 2013) acquired by KalNorth.

Exploration by WMC in the late 1970’s, and by Mt Kersey Mining NL encountered and identified the Grey Dam Ni laterite prospect.

Drilling by Condor Nickel Limited in 2008-2009 resulted in the announcement (ASX:ICG 6 April 2010) of a JORC compliant inferred Ni laterite resource of 14.5Mt @0.7% Ni at a 0.4% Ni cutoff.

Deeper drilling proximal to the Ni laterite resource has intersected narrow intervals of Ni-Cu sulphide at the Komatiite-Dolerite contact, including 2m from 136m @ 1.76%Ni & 0.4%Cu in hole GDRC52.

More recent (2012) downhole and ground EM surveys over the prospect has identified two conductive bodies at depth that could indicate the presence of Ni sulphide accumulations.

EM Targets remain to be drill tested.

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Resources & Reserves across the KalNorth Gold Field offers development options.

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Growth Opportunity

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With an extensive landbank that gives exposure to four prospective geological environments, 1.1Moz of gold resources and optionality for development, KalNorth offers the opportunity for exploration success and growth on multiple fronts;

Highly focussed on four prospective gold fields which make-up an almost contiguous 1400km2 landholding in a 50-80km arc north east of Kalgoorlie, WA.

Large gold resource base with reserves at each of the four fields

Multiple options that can be progressed for development of the resources.

Recent exploration success also offers upside for a new discovery adjacent to existing resources at Mt Jewell and Brilliant.

Immediate exploration programs to focus on Mt Jewell and Lindsays to determine scope for an integrated development.

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Thank you

www.kalnorthgoldmines.com

ASX:KGM

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Appendix-Reserves as at June 30 2013 (Source- KalNorth Gold Mines Limited 2013 Annual Report)

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Table: KalNorth Gold Mines Probable Reserves as at 30 June 2013Deposit Tonnes (t) Grade (g/t) Ounces (oz)Brilliant 1,090,000 1.71 59,930Lindsay's 592,000 1.89 37,300Gambia 567,000 2.75 50,040Hughes 1,473,800 1.20 56,900

Tregurtha 1,263,400 1.55 62,900Total 4,986,200 1.67 267,070

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Appendix-Resources as at June 30 2013. (Source- KalNorth Gold Mines Limited 2013 Annual Report)

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Table2: KalNorth Gold Mines Mineral Resources as at 30 June 2013

Measured Indicated Inferred Total

Deposit Tonnes (t) Grade (g/t) Ounces (oz) Tonnes (t) Grade (g/t) Ounces (oz) Tonnes (t) Grade (g/t) Ounces (oz) Tonnes (t) Grade (g/t) Ounces (oz)

Kurnalpi Field

Discovery Hill (1) - - - - - - 130,000 0.9 3,600 130,000 0.8 3,600

Halfway Hill (1) - - - - - - 510,000 1.1 18,700 510,000 1.4 18,700

Scottish Lass (1) - - - - - - 84,700 1.0 2,600 84,700 1.0 2,600

Brilliant (1) - - - 2,821,300 1.30 115,200 1,117,700 1.1 38,000 3,939,000 1.2 153,200

Sparkle (1) - - - 288,900 0.90 8,500 190,000 1 5,800 478,900 0.9 14,300

Dazzle (1) - - - - - - 511,000 0.8 12,600 511,000 0.8 12,600

Total - - - 3,110,200 1.20 124,200 2,543,400 1.1 81,300 5,653,600 1.2 205,000

Kalpini Field



Gambia/Camelia (4) - - - 3,072,000 1.90 183,700 1,074,000 1.6 53,900 4,146,000 1.8 237,600

Atlas (4) - - - 169,000 1.27 6,900 299,000 1.2 11,100 468,000 1.2 18,000

Total - - - 3,241,000 1.83 190,600 1,373,000 1.5 65,000 4,614,000 1.7 255,600

Lindsays Field



Eastern Structure (2) - - - 2,272,800 2.04 149,000 904,800 3.1 92,200 3,177,600 2.36 241,200

Central Structure (2) - - - 1,315,100 1.10 46,500 47,900 1.1 1,700 1,363,000 1.10 48,200

Neves Prospect (2) - - - 490,900 1.60 24,900 37,700 1.3 1,500 528,600 1.55 26,400

Stockpile(7) 64,100.00 0.87 1,800.00 - - - - - - 64,100 0.87 1,800

Total 64,100.00 0.87 1,800.00 4,078,800 1.68 220,400 990,400 3.0 95,400 5,133,300 1.9 317,600

Mt Jewell Field



Tregurtha (4) - - - 2,407,000 1.2 93,500 473,000 1.1 15,800 2,880,000 1.2 109,300

Hughes(4) - - - 3,760,000 1.0 118,900 1,979,000 0.8 47,400 5,739,000 0.9 166,300

Total - - - 6,167,000 1.1 212,400 2,452,000 0.8 63,200 8,619,000 1.0 275,600

Spargoville Field


Lady Allison (1) - - - 2,127,700 1.3 86,800 2,127,700 1.3 86,800

KalNorth Gold Mines Total

Total 64,100.00 0.87 1,800.00 16,597,000 1.40 747,600 9,486,500 1.3 391,700 26,147,600 1.4 1,140,600

Additional Notes for tables; * All resource figures for Lindsays, Kurnalpi, Kalpini, Mt Jewell and Spargoville are reported at a grade cut-off of 0.5g/t . * (1) denotes models completed by Mr Shane Fieldgate who is a member of the Australian Institute of Mining and Metallurgy and was employed full time by Snowden Mining Industry Consultants (Snowden). * (2) denotes models completed by Mr Mark Carder who is a member of the Australian Institute of Geoscientists and is a former employee of Carrick Gold Limited (Carrick). * (3) denotes design reviewed and approved by Mr Rodney Drown who is a member of the Australasian Institute of Mining and Metallurgy and is employed by KalNorth Gold Mines Limited (KalNorth). * (4) denotes models completed by Mr Paul Boamah who is a member of the Australian Institute of Geoscientists and Australian Institute of Mining and Metallurgy and is employed full time by KalNorth Gold Mines Limited (KalNorth). * (5) denotes High Grade material of on the Lindsays stockpile at the end of 30th June 2013. This was obtained from truck count in the production database and Reviewed by Mr. Paul Boamah * (6) denotes design reviewed and approved by Mr John McKinstry who is a member of the Australasian Institute of Mining and Metallurgy and is employed by KalNorth Gold Mines Limited (KalNorth). * (7) denotes Int Grade and LG material on the Lindsays stockpile at the end of 30th June 2013. This was obtained from truck count in the production database and Reviewed by Mr. Paul Boamah * All models completed by Shane Fieldgate (Snowdens) used a 0.3g/t lower cut off mineralised wireframe with minimum 2m thickness and 2m maximum internal dilution. * All models completed by Mark Carder (Carrick) used a 0.3g/t lower cut off mineralised wireframe with minimum 1m thickness and 2m maximum internal dilution. * All models completed by Paul Boamah (KalNorth) used a 0.3g/t lower cut off mineralised wireframe with minimum 2m thickness and 2m maximum internal dilution. * Mineral Resources are inclusive of Ore Reserves. * Figures have been rounded to 2 or 3 significant figures to reflect accuracy of the estimates (note that rounding can yield apparent computational discrepancies) * Contained gold for Mineral Resources is insitu. * The resources for Discovery Hill, Scottish Lass, Sparkle, Dazzle, Camelia and Atlas are transected by historic underground workings and allowance had been made for this historical mine depletion. * Spargoville Field is subject to a farm-in agreement with Mithril resources

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Appendix-Competent Person.

Competent Person-Wade Johnson The information within this presentation that relates to, Mineral Resources or Ore Reserves are based on information previously released and prepared by previous employees and consultants of the company and compiled by Mr Wade Johnson who is a full time employee of KalNorth Gold Mines Limited and is a member of The Australian Institute of Geoscientists (AIG). Mr Johnson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of exploration Results, Mineral Resources and Ore Reserves”. Mr Johnson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears in this announcement. The information within this presentation that relates to Exploration results, is based on information compiled by Mr Wade Johnson who is a full time employee of KalNorth Gold Mines Limited and is a member of The Australian Institute of Geoscientists (AIG). Mr Johnson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of exploration Results, Mineral Resources and Ore Reserves”. Mr Johnson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears in this announcement.

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Documents

INVESTOR PRESENTATION For personal use only2013/10/29 · Gambia Pit design For personal use only Mt Jewell Field -Opportunity to grow and develop a large low grade resource. 13 Strategic