KBL Mining Limited | ABN 67 141 233 632

Anthony (Trangie) Johnston

Chief Executive Officer

Date: May 2013

Renewed strategy delivering rewards

KBL Mining Limited | ABN 67 141 233 632

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KBL Mining Limited | ABN 67 141 233 632

KBL Mining – Company snapshot KBL is a profitable copper-gold producer from the Mineral Hill Mine in NSW. Silver-lead production is also on

the radar, with Sorby Hills, Australia’s largest shallow silver-lead deposit, now in the final stages of permitting

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Key statistics

ASX code: KBL

Share price: $0.077

52 week range: $0.068 - $0.24

Shares outstanding: 293.5 million

Market cap: $22.6 million

Cash*: $6.84 million

Debt*: $10.0 million

Net debt: $3.16 million

Enterprise value: $25.76 million

Board of Directors

Jim Wall Chairman

Steve Lonergan Exec Director

Bob Besley Non-Exec Director

John Richards Non-Exec Director

Key Management

Trangie Johnston CEO

Will Beaurepaire CFO

Rod Griffith COO

Ed Newman GM – projects

KBL Mining Limited | ABN 67 141 233 632

Investment Highlights

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Refocused mining strategy – already delivering material performance improvements

Diversified portfolio by project and commodity – mitigates risk profile

Two advanced stage, quality projects: - Mineral Hill, NSW (producing) – underground high-grade copper-gold deposit - Sorby Hills, WA (production to commence early CY14) – shallow silver-lead deposit

Next two years to deliver significant ramp up in production – cashflow booster

Active production and exploration work pipeline – share price catalysts

Attractive production profile compared to peers – unique value proposition

Commercially-focused Board and management with a proven track record

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KBL Mining Limited | ABN 67 141 233 632

Mineral Hill – the geology

• Located in the Lachlan Fold Belt in central NSW – a world

class mineral province

• Mineral Hill geological features:

- Volcanic centre, located at junction of regionally

important

structures: Gilmore Suture & Lachlan Transfer Zone (LTZ)

- Silurian rift containing felsic volcanics, volcaniclastics

& younger cover sediments

- Polymetallic epithermal system, comprising multiple high-

grade,

low tonnage orebodies arranged in distinct metal zones:

Cu-Au (Red Terror, SOZ)

Au-Cu (EOZ, ESOZ, SOZ, Jacks Hut, Ashes)

Cu-Pb-Zn-Ag-Au (Parkers Hill, SOZ, Iodide)

Au-Ag (Pearse, Pearse Nth – 800m from processing plant)

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KBL Mining Limited | ABN 67 141 233 632

Production at Mineral Hill Mine

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Current mill operations – Back on track

• Producing Cu-Au concentrates at a rate of 320,000tpa

• Potential for 10+ years production life

• Record performance in March quarter 2013 – result of inclusion of Red Terror Southwest in the mine plan: Record 1,114 t of Cu in concentrate produced – up 29% on last quarter

Record 652oz of Au in concentrate produced – up 79% on last quarter

Record Cu recoveries – averaged 91.5%, compared to average of 75% for FY12

• Production was previously focused on working through the start-up Parkers Hill deposit: Compromised production performance in the latter half of 2012. Production figures for FY12 were 2,791t Cu, 836oz Au, 82,228oz Ag

KBL Mining Limited | ABN 67 141 233 632

Exploration at Mineral Hill

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Exploration success continues to expand the size of the underground mineralised envelope at Mineral Hill

Exploration work in the past 10 months has:

Uncovered significant depth and strike extensions of existing underground orebodies A number of deposits are proving to be larger than first anticipated

Reviewed access roads to ESOZ and SOZ – dewatering now complete

Ultimately, add significant tonnage to the existing JORC Resource and develop sufficient Reserves for at least 2 years of sustainable production from the Mineral Hill mill

KBL Mining Limited | ABN 67 141 233 632

Sorby Hills – key facts

• Largest, undeveloped near-surface silver-lead-zinc (Ag-Pb-Zn) deposit in Australia

• Located in the East Kimberley region of WA, ~50km by sealed road from Kununurra

• 75% ownership – remaining 25% held by JV partner Yuguang (largest Ag & Pb smelter group in China)

• Has been well defined by extensive exploration

• Current Resource of 16.7Mt @ 4.5% Pb, 0.7% Zn & 52g/t Ag containing: 750,000t Pb, 117,000t Zn & 28Moz Ag

• Pre-Feasibility Study successfully completed for Stage 1 – Sorby Hills is a staged development

• Now in final stages of permitting : Public Environmental Review (PER) closed 10 April. Results pending

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L: Sorby Hills location map R: Sorby Hills top down view

KBL Mining Limited | ABN 67 141 233 632

Sorby Hills – A staged development

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Stage 1 PFS results cover only 27% of the Global Indicated and Inferred Resource for Sorby Hills: 4.432Mt @ 4.29% Pb & 44g/t Ag, at 2.5%Pb cut-off

Sorby Hills is planned as a staged development to reduce operational and capital risk

Stage 1: Covers 1,787ha. Will focus on the shallow central C, D & E deposits, which span 1km of the 10km strike length

Stage 2: Conceptual expansion of production. Will focus on deeper higher grade H, I, alpha & beta deposits

Stage 1 deposits

KBL Mining Limited | ABN 67 141 233 632

Sorby Hills – PFS results for Stage 1

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Key results: NPV post-tax = $88 million

Cash costs of -$30.70 (negative) / oz Ag after Pb credits

< 2 year payback period, with initial 10-year mine life

Approx. 4Moz Ag and 100,000t Pb produced in first 5 years

Final environmental approval expected by mid 2013

Development expected to commence in FY2014

Stage 1 inputs Year 1 – Year 5 Life of mine

Mining inventory (Mt) 2.2 6.2

Strip ratio (x) 3.6 3.7

Throughput (tpa) 400,000 625,000

Initial mine life (years) 5 10

Average silver (Ag) grade (g/t) 70 50

Average lead (Pb) grade (%) 5.30 4.20

Average Ag recovery (%) 87 80

Average Pb recovery (%) 91 86

Average Ag produced (Ozpa) 830,000 715,000

Average Pb produced (tpa) 20,000 20,500

Mining costs ($/t mined) 11.50 11.50

Processing costs ($/t mined) 20.00 18.00

Capital costs (AUD m) 70 80

PFS modelling results

Life of mine cash surplus (AUD m) 201

Project Net Present Value (NPV) before tax (AUD m) 132

Project NPV after tax (AUD m) 86

Project IPP before tax (%) 58

Project IRR after tax (%) 49

Payback period (years) 1.7

CAPEX (AUD m) 70

C1 cash costs ($/oz Ag) -30.70

C2 cash costs ($/lb. Pb) -0.11

KBL Mining Limited | ABN 67 141 233 632

KBL Mining

Level 3, 2 Elizabeth Plaza North Sydney, NSW 2060

CONTACT US

P: +61 2 9927 2006

E: info@kblmining.com.au

www.kblmining.com.au