For personal use only TORE JOINT VENTURE BOUGAINVILLE, PAPUA NEW GUINEA Exploring in “The Pacific Ring of Fire” for world class copper/gold porphyry systems. RESOURCESTOCKS Kalia Limited (ASX: KLH) 17 May 2018 SYDNEY www.kaliagroup.com
Bougainville Context • Autonomous Government within PNG For personal use only • Supportive environment for exploration and mining • Own Mining Act of 2015 – similar but different to PNG • Landowners own the minerals, not the State • Bougainville moratorium on mining since 1980 ’s • Kalia been active since 2016 in expectation of change • Landowner discussions • Awareness programmes • Relationship development with suppliers, officials, interest groups, churches • Moratorium partially lifted for 3 specific areas in May 2017 • 4 undisputed valid licences in operation in the 3 areas – Kalia has a 75% interest in two covering 1,704 km 2 • Kalia is focused on the highly prospective north of the island with very supportive landowner base 3
TJV - Geology Metaworei Au Simberi Mt Kare 45 Mt @ 1.1g/t 25.5 Mt @ 2.2g/t Au Porgera New Hanover Au Au 198 Mt @ 4.8g/t For personal use only Au Lihir Ramu Frieda River 552 Mt @ 2.6g/t 143 Mt @ 1.0%Ni, 1,347 Mt @ 0.37% Au 0.1% Co Cu, 0.55g/t Au Kalia EL03/04 Wafi OK Tedi Siniurt 72 Mt @ 2.7g/t Au 632 Mt @ 0.92% Au mining Cu, 0.86g/t Au Kainantui 3.1 Mt @ 20.3g/t Au Panguna* Edie Creek 1,838 Mt @ 0.30% Cu, 0.34g/t Au Au mining Previous Prod: 3Mt Cu, 9.3 Mnoz Au Tolukuma 2 Mt @ 20.3g/t Au Woodlark Is Hidden Valley Fergusson Is 18.1 Mt @ 1.7g/ Au 32.3 Mt @ 3.28g/t Au Au, 54.2g/t Ag Kodu 203 Mt @ 0.28% Cu 0.32g/t Au Misima 134 Mt @ 1.3g/t Au * The resource estimate for Panguna is taken from the Bougainville Copper Limited website and is reported by BCL as compliant with the JORC 2012 guidelines. All other figures in this diagram are from public sources. 4
TJV - Geology For personal use only • Exploration Licence 03 covers an area of 865.3 km 2 on the east side of the Tore region. • Exploration Licence 04 covers an area of 838.7 km 2 on the west side of the Tore region. 5
Kalia’s value benchmarked • Primarily looking for porphyry copper For personal use only • Some may benchmark against Kingston (KSN:ASX); Geopacific (GPR:ASX) or perhaps Rugby Mining (RUG:TSX) • Our view is that there are no like-for-like comparators given the size and position of the licences in this special location with 1,704 km 2 under two exploration licences • Panguna is an indicator of the potential • Looking to SolGold for our development and value curve is the most suitable 6
Corporate Snapshot CAPITAL STRUCTURE KEY PERSONNEL For personal use only Chairman The Hon. David Johnston B.Juris LLB. Shares on issue 2,514,347,391 Managing Director Terry Larkan MBA FCIS FCPA (Aust.) Options on issue 294,500,000 Executive Director Peter Batten BAppSc Geology MAusIMM Market capitalisation (@ A$0.009 per share) A$22.63m Comp. Secretary / CFO Phillip Hartog BCompt. CPA (Aust.) Cash on hand (30 April 2018) A$0.23m Secured undrawn loan facility A$3.0m TOP 20 SHAREHOLDERS (14 May 2018) NAME UNITS % GLOBAL RESOURCES INVESTMENT 535,150,000 21.28 NIKOLAJS ZUKS 225,000,000 8.95 ENZED NOMINEES PTY LTD 143,235,362 5.70 GLENEAGLE SECURITIES NOMINEES 122,905,985 4.89 J P MORGAN NOMINEES AUSTRALIA 106,923,802 4.25 KSLCORP PTY LTD 106,644,155 4.24 GREYWOOD HOLDINGS PTY LTD 62,000,000 2.47 MRS MELANIE THERESE VERHEGGEN 60,000,000 2.39 CARLA MICHELLE PTY LTD 59,796,988 2.38 PILLAGE INVESTMENTS PTY LTD 55,000,000 2.19 MAYSTAR PTY LTD 54,216,867 2.16 HSBC CUSTODY NOMINEES 48,000,000 1.91 JESSIKA ERIN PTY LTD 40,662,651 1.62 PETER BATTEN 36,144,578 1.44 SUZAN BAKER 32,412,651 1.29 LSAF HOLDINGS PTY LTD 27,904,774 1.11 FINROW LIMITED 25,000,000 0.99 IAN SANDOVER & ASSOCIATES PTY 24,900,000 0.99 AMRIC PTY LTD 24,550,000 0.98 BNP PARIBAS NOMS PTY LTD 21,000,000 0.84 1,811,447,813 72.04 7
Kalia’s Proposition • 1,704 km 2 under 2 exploration licences For personal use only • Panguna is an indicator of the potential • Environmental and Social plans submitted and accepted • Strong community and landowner relationships • All social licence processes in place • Historical geochemical and geophysical study data obtained and reworked • Targets identified and exploration underway • <20% aerial geophysical survey in 1989, huge upside for new and refined targets using modern technology – work to be commissioned June 2018 • $3 million loan facility to fund activities • Gateway to further opportunities in Bougainville 8
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