Kasbah Resources is an emerging tin producer with two tin projects in Morocco. It has a 14.6 Mt resource at its Achmmach Project containing 135,000 tonnes of tin. Toyota Tsusho is earning into Achmmach and a pre-feasibility study is due in April 2012. Kasbah has an experienced tin team and aims to become the next pure tin producer.

1. Mines & Money Hong Kong 2012
An Emerging Tin Producer
Kasbah Resources Limited
[ ASX : KAS ]
1

2. DISCLAIMER
Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the future financial or operating performance of the Company and its
projects, constitute forward-looking statements. All statements, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “anticipate”, “contemplate”,
“target”, “plan”, “intend”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements.
Forward-looking statements include, among other things, statements regarding targets, estimates and assumptions in respect of tin or other metal production and prices, operating costs and results,
capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates. Forward-looking statements are necessarily based upon a number of estimates and
assumptions related to future business, economic, market, political, social and other conditions that, while considered reasonable by the Company, are inherently subject to significant uncertainties
and contingencies.
Many known and unknown factors could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements. Such factors
include, but are not limited to: competition; mineral prices; ability to meet additional funding requirements; exploration, development and operating risks; uninsurable risks; uncertainties inherent in
ore reserve and resource estimates; dependence on third party smelting facilities; factors associated with foreign operations and related regulatory risks; environmental regulation and liability;
currency risks; effects of inflation on results of operations; factors relating to title to properties; native title and aboriginal heritage issues; dependence on key personnel; and share price volatility and
also include unanticipated and unusual events, many of which are beyond the Company’s ability to control or predict.
For further information, please see the Company's most recent annual financial statement, a copy of which can be obtained from the Company on request or at the Company's website:
www.kasbahresources.com.
The Company disclaims any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. All forward-looking
statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and,
accordingly, not to put undue reliance on such statements.
COMPETENT PERSON’S STATEMENT
The information in this report is based on information compiled by Mr. Chris Bolger a Member of the Australasian Institute of Mining and Metallurgy. Mr. Bolger is a full-time
employee of Kasbah Resources Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity
which 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’. Mr. Bolger consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.
The information in this report that relates to Kasbah Resources Limited’s mineral resource estimates for the Achmmach Project, is based on information compiled by Michael V.
McKeown who is a Fellow of the Australasian Institute of Mining and Metallurgy. Michael McKeown is employed by Mining One Pty Ltd and he has sufficient experience which is
relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a 'Competent Person' as defined in the
2004 Edition of the ”Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves” (JORC Code).
Michael McKeown consents to the inclusion in this of the matters based on his information in the form and context in which it appears.

3. KASBAH Resources - An Emerging Tin Producer
 Two tin projects in Morocco;
 Achmmach Project (100% Kasbah - Toyota Tsusho earning in)
 Bou El Jaj Project (100% Kasbah)
 Achmmach Resource – 14.6 Mt @ 0.9% Sn (135,000 t contained tin)
 Strategic partner Toyota Tsusho earning in on Achmmach
 Achmmach PFS due for completion April 2012
ASX
 On track to become next pure tin producer KAS
 Experienced tin team and 1st class share register

4. 0.45
ASX : KAS – Corporate Snapshot
0.4
0.35
Major Shareholders
0.3 Directors 2.9%
Major Institutional Investors
0.25
African Lion 2 Fund 14.4%
0.2 IFC (World Bank) 12.7%
Transamine 4.1%
0.15 Bond Street Custodians 3.6% Capital Structure
Thailand Smelting & Refining 2.2% Shares on Issue 364 M
0.1
Traxys Projects 1.7% Options on Issue 40.7 M
0.05 Market Capitalisation (28cps) $ 101 M
Cash (31 Dec 2011) $ 16.3 M
0
Apr-10 Jun-10 Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12
KAS Share Price

5. WHY MOROCCO ?
 Long history of Mining
Achmmach
 Tin - since Phoenician times & BLJ Project
Location
 Phosphate - largest producer in the world
 Cu / Pb / Zn / Ag – operating mines
 Export driven country (14 km to Europe)
 Efficient ports at Tangier and Casablanca
 Modern roads and heavy rail infrastructure
 Favorable Corporate & Tax Regime
 Incentives for exporters
 No restrictive ownership laws
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6. TIN – 4 Reasons To Be A Bull
“ Tin offers, in our view, one of the most persuasively bullish stories, not only
within the base metal, but also the commodities complex as a whole ” Barclays Feb 12
 Supply gap growing
 Production declining from tin majors &
few new, sustainable tin projects in
development
 Low stock to consumption ratio
 Electronic demand major growth driver
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7. TIN PRICE & STOCK LEVELS – to March 2012
LME Tin LME Stock
US/t
(Cash Price and Stock Levels) (tonnes)
$26,000 25,000
$25,000
$24,000
$23,000
$22,000 20,000
$21,000
$20,000
$19,000
$18,000
Tin Stock (LME Cash) Tin Price (LME Cash) 15,000
$17,000
$16,000
$15,000
$14,000
10,000
$13,000
$12,000
$11,000
$10,000
$9,000 5,000
$8,000
$7,000
$6,000
$5,000 0

8. CONSUMPTION – Consumer electronics - not cans
Other (Alloys)
10.5%
Chemicals
14%
Tin Plate &
Packaging
16.5%
Solder
53%
0 10 20 30 40 50 60

9. KASBAH – Our Team
Mike Spratt Wayne Bramwell Rod Marston Rob Weinberg Ian McCubbing Gary Davison
Non - executive Managing Non - executive Non - executive Non - executive Non - executive
Chairman Director Director Director Director Director
 Extensive tin mining, smelting and engineering
experience
 Strong capabilities across key disciplines
 Geology
 Metallurgy & project management
 Mine planning, design and operations
Mike Kitney Chris Bolger Trevor O’Connor
Chief Operating GM Exploration & CFO & Company  Corporate and project finance
Officer Resource Dev Secretary

10. ACHMMACH TIN PROJECT,
Morocco

11. Potential for
new parallel
lodes
New Resource
Announced
19/3/12
135,000 t
contained tin
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12. Meknes
Trend
only
Open
Open
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13. ACHMMACH – Best in Class
Mineral Resource Estimate
for Achmmach Meknes Trend
16 March 2012
(0.5% Sn cut off)
Category Million % Contained
Tonnes Sn Sn (Kt)
Indicated 5.3 0.8 42
Inferred 9.3 1.0 93
Total 14.6 0.9 135
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14. TOYOTA TSUSHO JV – A Strategic Partnership
 Toyota Tsusho Corporation (Toyota Tsusho)
 premier tin trading house in Asia (trades ≈ 8% of the global tin market)
 expertise will be utilised to maximise Achmmach concentrate marketing
strategy
 Toyota Tsusho can earn 20% interest in Achmmach by;
i. making $16M in staged payments plus a Final Payment to Kasbah, &
ii. signing a JV agreement.
 Toyota Tsusho’s relationship with Japan Oil, Gas and Metals National
Corporation (JOGMEC) opens another conduit to project finance
 Expect to receive first $16M from Toyota Tsusho by 30 June 2012
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15. ACHMMACH – Pre-Feasibility Underway
 1Mtpa production base case
 Decline mine access
 Mechanised UG mining methods
 Conventional gravity and flotation plant
 Clean oxide ore = high purity concentrates
 7000 – 8000 tpa of tin in concentrate
 All concentrate for export

16. ACHMMACH – Project Schedule
2012 2013
Project Task
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Drilling – extensional & infill
EIA Complete
PFS complete
Resource upgrades
DFS commences
Metallurgical testwork
Mine design
Engineering Design
Capital & Operating cost
Target DFS Completion
Project Financing

17. KASBAH – Tin Project Pipeline
ACHMMACH – Meknes Trend
ACHMMACH
Sidi Addi Trend
BLJ
EARLY STAGE RESOURCE
DRILLING PFS / DFS CONSTRUCTION
EVALUATION DEVELOPMENT
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18. KASBAH – A Unique Investment Proposition
 Tin asset base expanding
 Strategic partner & major shareholders reduce
development risk for Achmmach
 Active drill program with 5 rigs operational
 Proximate & satellite tin targets accretive in value
 Pro-mining and pro-development country
 $16M in cash (Dec 11)
 Experienced tin team

19. KASBAH – Looking Ahead
 PFS release April 2012
 Toyota Tsusho payments to follow
 Achmmach resource upside
 Q3 Meknes Trend resource upgrade
 New targets - Sidi Addi Trend & BLJ
 DFS completed Q1 2013
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20. www.kasbahresources.com An Emerging Tin Producer