KingsgateKingsgateConsolidated LimitedConsolidated Limited

30 August 2006 30 August 2006

With Responsible Low Cost GrowthWith Responsible Low Cost Growth

2005/06 Full Year Financials –A ‘Cracker’ Result

2005/06 Full Year Financials –A ‘Cracker’ Result

FY06 - A ‘Cracker’ ResultFY06 - A ‘Cracker’ Result

Profit: $16.7mEPS: 19.3c/shUp 100% on last year

Revenue: $74.1mUp 11% on last year

Due to increased gold production & hedge accounting gains on hedge pre-delivery

Dividends: 10c/shUp 40% on last year

Maintains high payout ratio of ~50%

Due to 10% increase in plant throughput & gold production

Total Dividends 79c/share$63 Million since 2002

FY06 - A ‘Cracker’ ResultFY06 - A ‘Cracker’ Result

Low Cost: US$206/ozConsistent: Down 3% on last yearAverage US$145/oz for ~5 years

Production: 140kozConsistent: Up 11% on last yearGrowth coming with expansion

Resources: 3.8MozUp 45% in M&I Resources to 3.2Moz

Lowest quartile of gold producers for ~5 yrs

FY06

140,000 Oz

2008

300,000to

350,000 Oz

US$247/0z Total CostLowest of ASX producersUS$247/0z Total CostLowest of ASX producers

2001

Resources1,200,000 Oz

2006

Resources3,800,000 Oz

1.53.0327

9.62218

8.9212

126,5502004 - 05

Annual SummaryAnnual Summary

EPS Earnings/Share (A¢/sh)

Operating Cash flow (A$m)

Reserves (Moz gold)

Resources (Moz gold)

Net Cash (A$m)

Dividends (A¢/share)

EBITDA (A$m)

Profit (A$m)

Cash Cost (US$/oz)

Gold Produced (oz)

1.83.81010

19.32225

16.7206

140,0712005 - 06

EPS Earnings/Share (A¢/sh)

Operating Cash flow (A$m)

Reserves (Moz gold)

Resources (Moz gold)

Net Cash (A$m)

Dividends (A¢/share)

EBITDA (A$m)

Profit (A$m)

Cash Cost (US$/oz)

Gold Produced (oz)

8.40

(5.0)0

(0.7)(1.0)(8.7)(6.0)

(34.9)66.8

2004 - 05

P&L/Income StatementP&L/Income Statement

Forex & Inventory (A$m)

Finance Cost (A$m)

Profit (A$m)

TaxOther (A$m)

Hedge Accounting Gain

D & A (A$m)

Employee Benefits (A$m)

Direct Costs (A$m)

Revenue (A$m)

Forex & Inventory (A$m)

Finance Cost (A$m)

Profit (A$m)

TaxOther (A$m)

Hedge Accounting Gain

D & A (A$m)

Employee Benefits (A$m)

Direct Costs (A$m)

Revenue (A$m)

16.70

(4.4)7.0

(0.3)(0.9)(7.8)(8.1)

(40.3)74.1

2005 - 06

Source: Global Mining ResearchSource: Global Mining Research

0%0% 25%25% 100%100%50%50% 75%75%

US$/ozUS$/oz

500500

200200

400400

100100

300300

00

600600

BarrickNewmont

GoldFields

AngloGold

Current Gold PriceCurrent Gold Price

Chatree 2005 FY

Chatree 2006 FY

Chatree 2004 FY

Global Cash Cost CurveGlobal Cash Cost Curve

Cash Cost Curve2005

Operational ResultsOperational Results

On Target:Production FY06 – 140,071 ozs, just below target

Mill throughput – at new nameplate 2.3-2.4 mtpa

Gold grade 2.4g/t – on target for FY06

Strip ratio 7.0 – on target for FY06

Costs & pressuresLow costs maintained due: - Grid power, few expats, source materials locally

Cost pressures continue industry wide: - Consumables, explosives, cyanide- Diesel fuel subsidy removed fully

Operational ResultsOperational Results

2,100

F o

r e

c a

s t

5.3

220

F o

r e

c a

s t

206220

Mill Throughput (Ktpa)Mill Throughput (Ktpa)

665

1,6711,324

1,829

2,350

F o

r e

c a

s t

2,000

01/02 05/0603/0402/03 04/05 06/07F

Gold Production (K’ozs)Gold Production (K’ozs)

02/03

154.5

03/04

149.9

04/05

126.6

05/06

140.1

01/02

91.2

06/07F

F o

r e

c a

s t

Head Grade (g/t)Head Grade (g/t)

02/03

3.9

03/04

3.1

04/05

2.4

05/06

2.4

06/07F

Fore

cast

01/02

5.3

Cash Cost & Realised Price (US$/oz)Cash Cost & Realised Price (US$/oz)

04/05

212

01/0261

02/03

94

03/04

135

06/07F

F o

r e

c a

s t

05/06

206

308 335385 401

355

ForecastForecast

Forecast FY07:Similar production to FY06

- from main Chatree pits & A pit at Chatree Nth

Costs similar to June Qtr’06, but industry wide cost pressures exist

Higher Mill throughput of 2.3-2.4 mtpa

Mine plan adjusted due to timing of granting of Chatree North mining leases

Greater leverage to gold price as <59,000ozs to be delivered in FY07 to close hedge bookOnly third of FY07 production hedged (US$317/oz)

Selldown - in ControlSelldown - in Control

Currently Negotiating Outcome

BOI Incentives:100% ownership to Nov’06

51% “Thai Ownership” from Nov 2006

Selldown- Commercial Deal - KCN controlWill meet the BOI guideline of Nov’06

Financial adviser circling Thai investors

Fair Value expected for Selldown portion

Further Value with IPO on Thai StockEx in 2-3yrs

Selldown & IncentivesSelldown & Incentives

60-100%Ownership

55-60%Ownership

100%Ownership

Initial B.O.I.Incentives

Interim Selldown of Thai Entity

Selldown of Thai Entity COMPLETE

No B.O.I.Incentives

15%Tax15%Tax

30%Tax30%Tax

ZEROTax

ZEROTax

Investment Incentive TimetableInvestment Incentive Timetable

20032003 20042004 20052005 20062006 20072007 20082008 20092009 20102010 20112011 20122012 20132013 20142014 20152015 20162016

Distinctive Gold ExpertsDistinctive Gold Experts

Expertise – Finding & Mining

Main Asset - ChatreeMain Asset - Chatree

Low sulphidationepithermal depositOpened in Nov’01~150,000 oz/yr AuGood InfrastructureGrid Power‘Buy Thai’ policyWorkforce:

915 Thai 9 Expatriates

ChatreeChatree

300 Km

Community LicenseCommunity License

Workplace

Environment

Social

World Best Safety Record>7M hrs with 1incident

Awards – Women, Training, Safety ISO 9001, OHSAS 18001

“A” Rating RepuTex

Awards – No Environ incidentsTailings Cyanide at levels of coffee

Worlds Best Practice ISO14001

Health & Education– schools, waterCommunity managed funds

3D Models show future land use

Sustainability/ CSR ratings Only ASX miner with A rating or

better – with RIO & BHP

A Model Mine means a Model Future

Community & WorkplaceCommunity & Workplace

Clockwise - Revegetating waste; New schools Donations to schools; Women in management ; Water tower

Clockwise - Revegetating waste; New schools Donations to schools; Women in management ; Water tower

Chatree Gold MineChatree Gold Mine

Chatree North (New ‘A’ Pit) Chatree mine (‘C’ Pit & ‘H’ Pit)Chatree North (New ‘A’ Pit)

Chatree mine (‘C’ Pit & ‘H’ Pit)

New High grade zoneNew High grade zone

High grade zoneHigh grade zone

A Pit mined at Chatree North. Oxide feed

A Pit mined at Chatree North. Oxide feedMulti pits

Mining in Chatree Nth Hard ore in main C-H pits

Chatree NorthChatree North

Chatree ExpansionChatree Expansion

Expansion:Double output >300,000 oz/yr >2Moz/yr silver5mtpa plantFeasibility studybeing optimisedDuplicate plant (+2.7mtpa)Add silver circuit (Merrill Crowe)Aim - lift silver recoveries from 45% to >70%Ausenco finalising capex & timeframe

Duplicate Plant Add tank farm for silver circuit

Duplicate Plant Add tank farm for silver circuit

Chatree North Mining Lease ApplicationsChatree North Mining Lease Applications

ChatreeChatree

Mining Lease‘A’ Pit

Mining Lease‘A’ Pit

LeasesLeases

Chatree NorthMining Leases

9 Lease Applications

Final discussions on Environ Impact Assessment

EIA approval key step

for granting

Not “If” but “When”Lease granting occurs

Chatree North Resource GrowthChatree North Resource Growth

Growth of 1 million ounces gold per annum in Chatree & Chatree N

Resource drill-out with up to 9 drill rigs

High conversion of resources to ore reserves

Over 5 million ounces gold potential in Chatree; already defined & mined 4.5 million oz

3.0Km

Q

Q

Q

K East

A & A East

K West

Resource IncreaseResource Increase

Chatree Resource Increase

0

400

800

1200

1600

2000

2400

2800

3200

3600

4000

4400

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007F0

1

2

3

4

5

6

7

8

9

10

11

Exploration ExpenditureExploration Expenditure

Mineral ResourcesMineral Resources

Mining DepletionMining Depletion ?

,000 oz Gold US$M3.8Moz Resource M&I Resource:3.2Moz gold

Growth 1Moz/yr >32Moz silver

1.8Moz Reserves Underground upside

Regional ProspectsRegional Prospects

Discovered new world -class gold province39 prospective targets within trucking distance of current gold plant10 high priority targets50 leases granted plus 51 leases pending for ~1500km2Drill ready targets; needland access option agreements

ChatreeChatree

30 Kms

Granted leasesGranted leases

Leases pendingLeases pending

Kingsgate DeliversKingsgate Delivers

Growth - Mine/plant Expansion- Resource growth- World class gold province

Profit/Divs- Consistent & Strong- Unhedged in FY07

Production- Low cost for ~5 yrs

DisclaimerDisclaimer

www.kingsgate.com.au

Forward Looking Statements:

These materials include forward looking statements. Forward looking statements inherently

involve subjective judgment & analysis & are subject to significant uncertainties, risks &

contingencies, many of which are outside of the control of, & may be unknown to, the company.

Actual results and developments may vary materially from that expressed in these materials.

The types of uncertainties which are relevant to the company may include, but are not limited to,

commodity prices, political uncertainty, changes to the regulatory framework which applies to

the business of the company & general economic conditions. Given these uncertainties, readers

are cautioned not to place undue reliance on such forward looking statements.

Forward looking statements in these materials speak only at the date of issue. Subject to any

continuing obligations under applicable law or any relevant stock exchange listing rules, the

company undertakes any obligation to publicly update or revise any of the forward looking

statements, changes in events, conditions or circumstances on which any such statement is based.