Kasbah Resources is an emerging tin producer with two tin projects in Morocco. Its flagship Achmmach project has an indicated and inferred resource of 14.6 million tonnes at 0.9% tin containing 135,000 tonnes of tin. Kasbah is on track to become the next significant tin producer with a pre-feasibility study completed and development of the Achmmach project progressing, including drilling to expand resources. The company also has additional tin targets with potential to grow its resource base and development pipeline.

1. Kasbah Resources Limited
An
Emerging
Tin Producer
ITRI Cape Town 2012
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. 2

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 is a strategic tin asset - 14.6 Mt @ 0.9% Sn (135kt contained tin)
 Achmmach PFS completion May 2012 , DFS to commence
 On track to become next significant tin producer
 New tin targets – Sidi Addi and Bou El Jaj
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4. KASBAH – Corporate Snapshot
Major Shareholders Capital Structure
African Lion 14.4% Shares on Issue 365 M
IFC (World Bank) 12.7% Options on Issue 39.7 M
Directors & Management 3.6% Market Cap (11/4/12 @30cps) $109 M
Bond Street Custodians 3.3%
ASX : KAS
Shareholders with tin exposure
Transamine 3.6%
Cash ( 31 March 2012)
Thaisarco 2.2%
Traxys 1.7%
≈ $13 M
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5. ACHMMACH – A Strategic Tin Asset
Another
Meknes ?
Meknes
14.6Mt @ 0.9%
Sn for 135,000 t
contained tin
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6. ACHMMACH – Still Growing
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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7. ACHMMACH – To the “A League”
200,000 Major Hard Rock Tin Resources **
180,000
160,000
140,000
Contained Tin (tonnes)
120,000
100,000
80,000
60,000
40,000
20,000
0
SRZ Kasbah CSD VMS MLX Minsur Kasbah MLX Minsur
Heemskirk* Achmmach QLD* Mt Lindsay Rentails San Rafael Achmmach Renison Bell San Rafael
(Hardrock) (2010) (Hardrock) (Hardrock) (Tailings) (Tailings) 2012 (Hardrock) (Hardrock)
(Hardrock)
** Company reports and presentations * Multiple resources – not single target 7

8. ACHMMACH – Pre-Feasibility Metrics
Base Case
 8 - 10 year mine life – Meknes Trend only
 1Mtpa production scale
 Decline mine access
 LHOS mining, conventional gravity and flotation
 5500 – 6500 tpa of tin in concentrate
 All concentrate for export
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9. ACHMMACH – 1 M tpa Underground Mine 9

10. ACHMMACH – Conventional Flowsheet 10

11. TOYOTA TSUSHO JV – A Strategic Partnership
 Toyota Tsusho Corporation (Toyota Tsusho)
 premier Asian tin trading house (≈ 8% of the global tin market)
 expertise will 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 31 July 2012
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12. ACHMMACH – Project Schedule
2012 2013
Project Task Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Drilling – Meknes Trend
Drilling – Sidi Addi Trend
Drilling – BLJ
EIA Complete
PFS complete
DFS commences
Metallurgical testwork
Mine design
Engineering Design
Capital & Operating cost
Target DFS Completion
Project Financing
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13. New Targets – Value Accretive
Meknes
2 km of
Sidi Addi strike = 14.6 Mt
2 km of
strike = ?
Bou El Jaj
3.5 km of
strike = ?
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14. UPSIDE – Development Pipeline Growing
ACHMMACH – Meknes Trend
ACHMMACH
Sidi Addi Trend
BOU EL JAJ
EARLY STAGE RESOURCE PFS /
DRILLING CONSTRUCTION
EVALUATION DEVELOPMENT DFS
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15. KASBAH – An Emerging Tin Producer
 Achmmach is a strategic asset …..and growing
 5 rigs drilling – next resource upgrade in Q3
 Strategic partner & major shareholders de-risk
Achmmach development
 Sidi Addi & BLJ – new targets accretive in value
 Experienced tin team
 ≈ $13 M in cash (March 12)
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