Investor presentation delivered by Kingsgate Consolidated's General Manager for corporate and markets Joel Forwood, at the Gold Investment Symposium held in Sydney, 8th and 9th October 2014

1. the gold
INVESTMENT SYMPOSIUM
October 2014
KingsgateConsolidated Limited

2. Gavin
Thomas
29thDecember1950
–
4thJune 2014

3. Early
years

4. Lihir

5. Kingsgate
&
Chatree

6. The Family
Man

7. The Gavin
we knew

8. Oh, so Gavin!

9. Gavin
Thomas
29thDecember1950
–
4thJune 2014

10. Adapting to changing markets and building for the future
KingsgateConsolidated Limited
the gold
INVESTMENT SYMPOSIUM
October 2014

11. Thesematerialsincludeforwardlookingstatements.Forwardlookingstatementsinherentlyinvolvesubjectivejudgment&analysis&aresubjecttosignificantuncertainties,risks&contingencies,manyofwhichareoutsideofthecontrolof,&maybeunknownto,thecompany.
Actualresultsanddevelopmentsmayvarymateriallyfromthatexpressedinthesematerials.Thetypesofuncertaintieswhicharerelevanttothecompanymayinclude,butarenotlimitedto,commodityprices, politicaluncertainty,changestotheregulatoryframeworkwhichappliestothebusinessofthecompany& generaleconomicconditions.Giventheseuncertainties,readersarecautionednottoplaceunduerelianceonsuchforwardlookingstatements.
Forwardlookingstatementsinthesematerialsspeakonlyatthedateofissue.Subjecttoanycontinuingobligationsunderapplicablelaworanyrelevantstockexchangelistingrules,thecompanyundertakesanyobligationtopubliclyupdateorreviseanyoftheforwardlookingstatements,changesinevents,conditionsorcircumstancesonwhichanysuchstatementisbased.
Forward Looking Statements:
Somestatementsinthispresentationregardingestimatesorfutureeventsareforwardlookingstatements. Theyinvolveriskanduncertaintiesthatcouldcauseactualresultstodifferfromestimatedresults.Forwardlookingstatementsincludeestimatesoffutureproduction,cashandtotalcostsperounceofproduction, reserveandmineralizedmaterialestimates,capitalcosts,andotherestimatesorpredictionoffutureactivities.Theyincludestatementsproceededbywordssuchas“believe,”“estimate,”“expect,”“intend,” “will,”andsimilarexpressions.Actualresultscoulddiffermateriallydependingonsuchthingsaspoliticalevents,labourrelations,currencyfluctuationsandothergeneraleconomicconditions,marketpricesforKingsgateConsolidatedLimitedproducts,timingofpermitsandothergovernmentapprovalsandrequirements,changesinoperatingconditions,lowerthanexpectedoregrades,unexpectedgroundandminingconditions,availabilityandcostofmaterialsandequipment,andrisksgenerallyinherentintheownershipandoperationofminingpropertiesandinvestmentinforeigncountries.
Disclaimer

12. Kingsgate’s Vision
Focus on delivering shareholder & stakeholder value through:
Maximisingoperational performance of existing mines
Developing high quality precious metal projects
Lowering costs, increasing margins and improving cashflows
Strategic engagement and relationship building with all stakeholders
To be a preferred precious metals company

13. Net profit after tax A$75 million, up 255%
Earnings per share 52.5 cents
Final dividend 10cp (total 20cps for the year)
Chatree
Gold Mine
Challenger
Gold Mine
Bowdens
Silver Project
Nueva Esperanza
Silver/gold Project
Geographic and operational diversity
Two operating gold mines producing over 200,000ozpa
World class Chatreemine in Thailand
Challenger underground mine in South Australia
Two advanced-development silver projects
Nueva Esperanza silver/gold project in Chile
Bowdenssilver project in NSW
Kingsgate Today

14. •Record annual gold production of 209,500oz, at the top-end of the guidance range of 190,000oz to 210,000oz
•Chatreeproduced 134,546oz and Challenger 74,954oz
Operating Highlights
•Strong Group performance for June Quarter with Chatreeproducing 36,475oz at total cash cost of US$631/ozand Challenger 18,975oz at US$1,291/oz
•Encouraging early gold exploration results at Sayaboulyin Lao PDR with 5.0m @ 6.7g/t gold and 4.0m @ 7.5g/t gold in trenching.
•Positive DFS completed for Nueva Esperanza Ag/Au project and addendum (DIA) to approved EISsubmitted

15. ChatreeGold Mine

16. Chatree–World Class Deposit
Asian showcase gold mine
Large open pit, low grade epithermal gold deposit
Long life –Reserves 1.8Moz, Resources 4.0Moz
Currently operating at ~6.2Mtpa @ 0.8g/t Au
FY15 guidance of 130,000oz to 140,000oz gold
Produced over 1.5 million ozof gold to date
Asian competitive advantage
Employment focus on committed and educated Thai Workforce (only four expats)
Low cost; good infrastructure and low input costs
Continuing focus on operating efficiencies
Exemplary health, safety and environmental record
Exploration upside
Extensive resource opportunities inside and outside existing mining leases
Opportunities throughout the gold province
Thailand
Military control of government
Positive operating environment in Thailand

17. Chatree
June Quarter 2014
Gold production 36,475oz
1,599kt @ 0.90g/t & 79.5%
Total cash costs US$631/oz(incl.US$120/ozroyalty)
Annual production of 134,546oz
Strong final quarter delivered above upper guidance of 130,000oz
Full year guidance for FY2015
130,000oz to 140,000oz
0
250
500
750
0
10,000
20,000
30,000
40,000
50,000
Jun 13A
Sep 13A
Dec 13A
Mar 14A
Jun 14A
Gold Production
Total Cash Cost
ChatreeQuarterly GoldProduction
US$/Oz
Ounces
Strong June quarter to finish FY2014

18. Strong Commitment to Thailand
Bangkok
T h a i l a n d
Thai Gold Belt
Chatree
World class underexplored gold province
First mover advantage
But patience & persistence required
1,200 km2SPLA’s
Multiple targets
Large, long term commitment
Nakhonsawan
Province
Phichit
Province
Phetchabun
Province
Phitsanulok
Province
63km
SPL
Applications
SPLs
Pending
Chatree
Uniquely positioned in a major gold province

19. Nueva Esperanza
Chimberosopen pit
Advanced silver/gold project in Chile

20. Nueva Esperanza
5 KilometresArquerosChimberosTeterita
Nueva Esperanza
DFS confirms robust project economics
Choquelimpie
El Tesoro
San Cristobal
Consolidation of epithermal silver/gold deposits in Maricungabelt in Chile by Kingsgate
Historical operating experience in Chile
Current development plan focused on heap leach

21. Project
Schedule
DFS completed with positive results
Additional environmental approval (DIA) required under current development plan
DIA lodged and approval expected within 6 months
Nueva Esperanza
Current status
Current Work
Program
Optimisation studies for mining, metallurgy and infrastructure underway
Exploration drilling of high grade gold targets at Chimberosand satellite prospects

22. Highly prospective regional exploration
CHIMBEROS
POTOSI
ROSA
CARACHITA
CARACHAPAMPA
CERRO
AMARILLO
BOULDER
RIFLE
HUANTAJAYA
ARQUEROS
GRANDOTE
TETERITA
Nueva Esperanza Upside
Three established resources
Multiple highly prospective targets
Extensive hydrothermal alteration footprint
Exploration drilling underway on gold targets

23. Panorama of Prospects
Nueva Esperanza
POTOSI
C°AMARILLO
BOULDER
RIFLE
HUANTAJAYA
C°BLANCO
CHIMBEROS
ROSA
GRANDOTE
ARQUEROS
CARACHITA
TETERITA
Potential leach pad site

24. Challenger Gold Mine

25. Challenger Gold Mine
Strategic restructure accelerated following gold price volatility
New mine plan implemented in 2013 focusing on the higher grade Challenger West orebody
New mining contract and contractor:
Costs lowered by ~30%.
Improved productivity
Gold production 74,954oz FY2014
Guidance for FY2015
65,000oz to 75,000oz
Exploring strategic options for Challenger
Adapting to volatile metal price conditions
0
500
1,000
1,500
2,000
2,500
0
5,000
10,000
15,000
20,000
25,000
Jun 13A
Sep 13A
Dec 13A
Mar 14A
Jun 14A
Challenger Quarterly Gold Production
US$/Oz
Ounces

26. BowdensSilver Project
Kingsgate growth project in NSW

27. Epithermal silver deposit with lead and zinc by-products
Large, continuous, near surface deposit hosted in volcanics
Current resource estimate 182.million ounces AgEq (JORC)
Comparable to ~4Moz gold
Established infrastructure and mining workforce in region
BowdensOverview

28. Bowdens
Feasibility Study
Major elements of the DFS largely completed.
Power and water options identified but not yet finalised
Environmental monitoring and on-going field data recording
EIS work anticipated to be completed and by end calendar 2014
Environmental Impact Statement
Project timing to reflect market conditions

29. Further trenching later in the year as a pre-cursor to drilling
Encouraging results at Sayaboulyin Lao PDR
Regional Exploration
New channel sample results include:
•5m @ 6.7g/t gold
•4m @ 7.5g/t gold
Zones of quartz-sulphide coincide with IP anomalies
High grade quartz veins extended in follow-up trenching.
New results
2m @
1.2g/t Au
5m @
6.7g/t Au
Qtzveins in trench
Assay pending
4m @
7.5g/t Au
300 Metres
Proposed trench
IP Resistivity

30. 



Kingsgate Opportunity

Key Investment Highlights
World Class Cornerstone Asset at Chatree+6.0Moz gold mineralised system (produced and in-situ)
Solid Operating PlatformGold production in FY2015 expected 195,000oz to 215,000oz
Strong Resource BaseGrown to around 10 million ounces gold equivalent (AuEq)
Robust Development PipelinePositive DFS for Nueva Esperanza; BowdensEIS finished by end 2014
Setting the Stage for Future GrowthContinued focus on maximising shareholder returns

31. www.kingsgate.com.au
KingsgateConsolidated Limited
Listed: ASXCode: KCN
Shares: 224 Million Market Cap: ~A$160M

32. www.kingsgate.com.au
Inthisreport,informationconcerningThailandoperationsrelatestoExplorationResults,MineralResourcesandOreReserveestimatesisbasedonandfairlyrepresentsinformationcompiledbythefollowingCompetentPersons:RonJames,BrendanBradleyKevinWoodwardandSuphanitSuphananthiwhoareemployeesoftheKingsgateGroup.AllexceptBrendanBradleyaremembersofTheAustralasianInstituteofMiningandMetallurgy;BrendanBradleyisamemberoftheAustralianInstituteofGeoscientists.ThesepeoplequalifyasCompetentPersonsasdefinedintheAustralasiancodeforReportingofExplorationResults,MineralResourcesandOreReserves(theJORCCode,2012edition)andpossessrelevantexperienceinrelationtothemineralisationofbeingreportedhereinasExplorationResults,MineralresourcesandOrereserves.EachCompetentPersonhasconsentedtothePublicreportingofthesestatementsandtheinclusionofthematerialintheformandcontextinwhichitappears.
Inthisreport,theinformationconcerningChallengeroperationsthatrelatestoExplorationResults,MineralResourcesandOreReservesestimatesisbasedonandfairlyrepresentsinformationcompiledbyStuartHamptonandLukePhelpswhoarefull-timeemployeesoftheKingsgateGroup.BotharemembersofTheAustralasianInstituteofMiningandMetallurgy.ThesepersonshavesufficientexperiencethatisrelevanttothemineralisationandtypeofdepositunderconsiderationandtotheactivitythattheyareundertakingtoqualifyasCompetentPersonsasdefinedinthe2012Editionofthe‘AustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves’.PaulAndrovicandTimBenfieldconsenttotheinclusioninthereportofthemattersbasedontheirinformationintheforminwhichitappears.
TheinformationinthisreportthatrelatestoBowdensandNuevaEsperanzaMineralResourceestimationisbasedonandfairlyrepresentsworkcompletedbyJonathonAbbottwhoisafull-timeemployeeofMPRGeologicalConsultantsandamemberoftheAustralianInstituteofGeoscientistsandMrRonJames.MrAbbottandMrJameshavesufficientexperiencethatisrelevanttothestyleofmineralisationandtypeofdepositunderconsiderationandtotheactivitythatheisundertakingtoqualifyasaCompetentPersonasdefinedinthe2012Editionofthe‘AustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves’.MrAbbottandMrJamesconsenttotheinclusioninthereportofthemattersbasedonhisinformationintheformandcontextinwhichitappears.
Competent Persons Statements:
General Disclaimer:
Theinformationcontainedinthispresentationisforinformationalpurposesonlyanddoesnotconstituteanoffertoissue,orarrangetoissuesecuritiesorotherfinancialproducts.Theinformationcontainedinthispresentationisnotinvestmentorfinancialproductadviceandhasbeenpreparedwithouttakingintoaccounttheinvestmentobjectives,financialsituationorparticularneedsofanyperson.Tothemaximumextentpermittedbylaw,noneofKingsgateConsolidatedLimited,itsdirectors,employeesoragents,noranyotherpersonacceptsanyliabilityincludingwithoutlimitationanyliabilityarisingoutoffaultornegligenceforanylosscausedfromtheuseoftheinformationcontainedinthispresentation.Norepresentationorwarranty,expressorimplied,isgivenastotheaccuracy,completenessorcorrectness,likelihoodofachievementorreasonablenessofanyforecastsorotherforwardlookingstatements.
Appendix

33. Kingsgate
Debt Facilities
A$25M AkaraResources PCL Pre-IPO Bond (maturity 31 July 2015)
A$10M amortising corporate loan facility (matures during FY2015)
Balance Sheet
AkaraDebt
Facilities
US$105M multi currency amortising loan facility, with quarterly payments to Nov ‘18
Undrawn US$15M working cap facility
Cash and bullion/doreof A$74.2M at 30 June 2014
Cash A$64.1M (Including restricted cash of A$10.5M)
A$59M (gross) was raised in March/April from a share placement and an accelerated entitlement issue.
Continued focus on optimisingfacilities over time, particularly in conjunction with AkaraIPO and funding development projects.
11

34. 2010 Thailand National Occupational
Safety & Health Award
Zero Accident Award
2010
Prime Minister's Award
2010
Asia’s Showcase Gold Mine
Safety focussed gold mine –10 years no safety incidents
Zero Environmental Incidents
ISO Standards on all activities
Only mining company granted Social Accountability SA8000
High quality, skilled stable workforce
Training focus
99% Thai staff (total ~1,200)
39% women in management
Local Community Engagement
81% of workforce from local area
“Buy Thai” 85% sourced supplies
Created local support industry
Local support: water, schools, health
Corporate Social Responsibility

35. Thai Progressive Royalty Rate
Baht/gm
400
600
1000
1500
2000
US$/oz
385
580
970
1450
1950
0%
20%
15%
10%
5%
US$1.00=Baht 32, Jan 2014.
US$1300/ oz
0
0
High royalty regime

36. Chatree
Chatree Ore Reserves as at 30 April 2013 (>0.35g/t gold cut-off grade) SourceCategoryTonnesGoldGradeSilverGradeGoldContainedSilverContainedAuEq(million)(g/t)(g/t)(Moz)(Moz)(Moz) FromPitsProven45.40.877.81.2711.39Probable14.80.786.00.372.86Stockpiles9.30.589.30.172.78Chatree TotalTotal69.50.817.61.8217.04
Chatree Mineral Resources as at 30April2013 (>0.3g/t gold cut-off grade) SourceCategoryTonnesGoldGradeSilverGradeGoldContainedSilverContainedAuEq(million)(g/t)(g/t)(Moz)(Moz)(Moz) FromPitsMeasured92.80.726.602.1519.7Indicated49.80.644.691.027.51Inferred45.70.583.810.855.60ChatreeTotalTotal188.30.665.424.0332.8
Notes: 1. Reserves are based on a gold price of US$1,480/ozand a silver price of US$26/oz. 2. All reserves are based on detailed pit designs. 3. Rounding of figures may cause numbers not to add correctly.
CompetentPersonsStatement.InformationinthispresentationrelatestoExplorationResults,MineralResourceandOreReserveestimatesbasedoninformationcompiledbythefollowingfollowingCompetentPersons:RonJames,BrendanBradley,KevinWoodwardandSuphanitSuphananthiwhoareemployeesoftheKingsgateGroup.AllexceptBrendanBradleyaremembersmembersofTheAustralasianInstituteofMiningandMetallurgy.BrendanBradleyisamemberofTheAustralianInstituteofGeoscientists.ThesepeoplequalifyasCompetentPersonsasdefineddefinedintheAustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves(theJORCCode,2012edition)andpossessrelevantexperienceinrelationtothethemineralisationbeingreportedhereinasExplorationResults,MineralResourcesandOreReserves.EachCompetentPersonhasconsentedtothePublicReportingofthesestatementsandtheandtheinclusionofthematerialintheformandcontextinwhichitappears.

37. Challenger
Challenger Ore Reserves as at 30 June 2013SourceCategoryTonnesGoldGradeGoldContained(million)(g/t)(‘000 oz) FromMineProven0.255.5240Probable0.228.3060Challenger TotalTotal0.476.82100
Challenger Mineral Resources as at 30 June 2013SourceCategoryTonnesGoldGradeGoldContained(million)(g/t)(‘000 oz) FromMineMeasured0.448.97130Indicated1.0410.6350Inferred0.6812.1260Challenger TotalTotal2.1610.7750
CompetentPersonsStatement.TheinformationinthispresentationthatrelatestoExplorationResults,MineralResourcesorOreReservesisbasedonandfairlyrepresentsinformationcompiledbyStuartHamptonandLukePhelpswhoarefull-timeemployeesoftheCompanyandbotharemembersofTheAustralasianInstituteofMiningandMetallurgy.Allthosenamedabovehavesufficientexperience,whichisrelevanttothestyleofmineralisationandtypeofdepositunderconsiderationandtotheactivitywhichtheyareundertaking,toqualifyasCompetentPersonsasdefinedinthe2012Editionofthe‘AustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves’andconsenttotheinclusioninthereportofthemattersbasedontheirinformationintheformandcontextinwhichitappears.

38. Nueva Esperanza
Notes:Au=gold;Ag=silver;M=million;g/t=gramspertonne;MOz=millionounces.
1.Insitudensity2.0t/bcm,basedon350measurementsatArqueros.2.Goldequivalentonbasisofgold/silverrevenueratioof60;calculatedasAu+Ag/EQ(goldplus[silverdividedby60]). 3.Silverequivalentonthebasisofgold/silverrevenueratioof60;calculatedasAuxEQ+Ag([goldtimes60]plussilver]).4.EQ=(PriceGoldxRecoveryGold)/(PriceSilverxRecoverySilver).5.PricebasisUS$1,380/ozAuandUS$21.50/ozAg.6.Metallurgicalrecoverybasis70%Auand75%silver.7.Itisthecompany'sopinionthatalltheelementsincludedinthemetalequivalentscalculationhaveareasonablepotentialtoberecovered.8.Roundingofnumbersmaygenerateroundingerrors.
Nueva Esperanza Mineral Resources as at 30June2013
(0.5g/t AuEq60 cut-off grade) CategoryTonnesGoldGradeSilverGradeGold EquivGradeGoldContainedSilverContainedAgEqContainedAuEqContained(millions)(g/t)(g/t)(g/t)(Koz)(Moz)(Moz)(Moz) Measured1.50.011011.691.04.94.90.08Indicated21.30.28881.7419060.271.61.19Inferred6.10.3671.46013.016.80.28Total28.90.27841.6725178.293.31.56
Nueva Esperanza Ore Reserves
(0.5g/t AuEq60 cut-off grade) CategoryTonnesGoldGradeSilverGradeGold EquivGradeGoldContainedSilverContainedAgEqContainedAuEqContained(millions)(g/t)(g/t)(g/t)(Koz)(Moz)(Moz)(Moz) Proved-------- Probable17.10.27971.8914853.562.51.04Total17.10.27971.8914853.562.51.04

39. BowdensMineral Resources as at 30 June 2013
(30g/t AgEqcut-off grade) CategoryTonnes(million) GradeContained MetalSilverg/tLead% Zinc% AgEqg/tSilver(Moz) AgEq(Moz) AuEq(Moz) Measured23.656.60.310.4174.543.0571.25Indicated28.448.00.270.3663.643.8581.28Meas& Ind52.051.90.290.3868.686.81152.53Inferred36410.30.45847.5681.47Total88.047.40.290.3964.4134.11824.00
Bowdens
Kingsgate Group Metal Equivalent Notes: #1. Nueva Esperanza silver equivalent: AgEq(g/t) = Ag (g/t) + Au(g/t) x EQa. Gold Equivalent: AuEq(g/t) = Au (g/t) + Ag (g/t)/EQa; EQa= (price gold * recovery gold) / (price silver * recovery silver). Calculated from prices of US$1380/ozAu and US$21.50/ozAg, and metallurgical recoveries of 70% Au and 75% Ag estimated from test work by Kingsgate and Laguna. #2. Bowdenssilver equivalent: AgEq(g/t) = Ag (g/t) + 27.5 x Pb(%) + 22.8 x Zn (%). Calculated from prices of US$26.33/ozAg, US$2,206/t Pb, US$2,111/t Zn and NSR recoveries of 72% Ag, 75% Pb, and 66% Zn estimated following test work by Kingsgate. #3. Bowdensgold equivalent: AuEq(g/t) = 45 (gold price / silver price). Calculated from prices of US$1200/ozAu, US$26.33/ozAg . #4. Chatreegold equivalent: AuEq/t = Au (g/t) + Ag (g/t) / EQa. EQasee note 1 above. Calculated from prices of US$1480/ozAu and US$26/ozAg and metallurgical recoveries of 80.5% Au and 43.6% silver based on metallurgical test work and plant performance. #5. Cut-off grade for Chatreeis 0.35g/t Au; Nueva Esperanza is 0.5g/t AuEq; Bowdensis 30g/t AgEq. #6. In the company’s opinion, the silver, gold lead and zinc included in the metal equivalent calculations have a reasonable potential to be recovered.
Notes:1. Rounding of numbers may generate rounding errors. 2. NSR metallurgical recoveries of 72% Ag, 75% Pb, and 66% Zn estimated from test work by Kingsgate. NSR or net smelter return metallurgical recovery is defined as the payable metal recovered after allowing for smelter deductions, which includes deductions for precious metals. 3. Price basis Ag US$26.33/oz, PbUS$2,206/t and Zn US$2,111/t 4. Bowdenssilver equivalent equation (AgEq) g/t = Ag (g/t) + 27.5 x Pb(%) + 22.8 x Zn (%) 5. It is the company's opinion that all the elements included in the metal equivalents calculation have a reasonable potentialto be recovered.6. Cut-off grade for Bowdensis 30g/t AgEq.