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Click to edit Master title style Click to edit Master Click to edit Master text styles text styles Second level Second level VALUE & GROWTH Third level Third level FOCUSED ON GOLD Fourth level Fourth level
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TSX:KLG 1 klgold.com
Denver Gold Forum | September 19, 2016 Corporate Presentation Presenter: Perry Ing, CFO
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Cautionary Note Regarding Forward-Looking Statements. Statements made in the Company’s handouts and as part of the corporate presentation contain statements which constitute ”forward-looking statements”, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Forward-looking statements used in this presentation include, but may not be limited to; statements regarding the Company’s guidance metrics for 2016 including, gold production, head grade, cash operating costs, AISC, and capital expenditures; the exploration programs and associated budgets with respect to the Kirkland Lake Camp and East Timmins Assets and the results and timing thereof, the medium to long-term strategy and potential of the Company to continue to grow by way of organic growth and/or through various strategic transactions, including mergers and acquisitions; increased throughput at the Holt and Taylor mines, and Company’s ability to further reduce costs through various efficiency projects across the operations and the timing thereof.
With respect to the forward-looking information of Kirkland Lake Gold, concerning gold resources and reserves of the Kirkland Lake properties and the PDFZ properties, the development of such properties are subject to various key assumptions described in the Annual Information Forms and Technical Reports of both Kirkland Lake Gold and St Andrew Goldfields Ltd. referred to herein and as filed on the SEDAR profiles of both companies at www.sedar.com and on the Company’s website at www.klgold.com. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the Company’s business, its ability to increase its production capacity and decrease its production cost. Such opinions, assumptions and estimates, are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors are discussed in length in the Company's annual Management's Discussion and Analysis for the interim period ended June 30, 2016, and Annual Information Form for the year ended December 31, 2015 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or
differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.
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Cash Costs <US$650 AISC <US$1,050
C$24M Exploration Program for 2016
~C$184M in Cash Generated C$57.3M in Free Cash Flow YTD
2.3M Oz’s of P&P + 3.4M Oz’s of M&I + 3.2M Oz’s of Inferred
*Example of forward-looking information
1 see Reserve and Resource Statements in Appendix of this presentation; 2 As at August 31, 2016 (see press release dated September 13, 2016)
Holt Mine Taylor Mine Holt Mill Macassa Mine Complex Holloway Mine
2016 Production of 270-290k Oz’s
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Holt Mine Complex
H1/16 Production1 50.6k Ozs Au H1/16 Head Grade 5.1 g/t Au Holt Mill 3,000 tpd (75% utilized) Resources & Reserves* (operating assets only) Total P&P 0.8M Ozs (5.1 g/t Au) Holt Mine 591k Ozs (4.8 g/t Au) Taylor Mine 156k Ozs (6.3 g/t Au) Holloway Mine 40k Ozs (5.4 g/t Au) Measured & Indicated 1.4M Ozs (4.1 g/t Au) Inferred 1.8M Ozs (4.6 g/t Au)
Macassa Mine Complex
H1/16 Production 79.9k Ozs Au H1/16 Head Grade 13.6 g/t Au Macassa Mill 2,000 tpd (50% utilized) Reserves & Resources* (operating assets only) Total P&P Reserves (Macassa Mine Complex) 1.5M Ozs (19.2 g/t Au) Measured & Indicated (Property Wide) 1.8M Ozs (17.4 g/t Au) Inferred (Property Wide) 1.1M Ozs (20.1 g/t Au) *Resources are exclusive of Reserves. See Company websites for NI 43-101 disclosure (www.kllgold.com; www.sasgoldmines.com)
QUÉBEC
1 Q1 Production from East Timmins Operations excludes 7,189 ounces from ETO from January 1 to January 25, 2016. 2 AISC is a non-GAAP measure, see Q1/16 MDA for reconciliation of non-GAAP measures
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CASH 1 C$ 184 million
Cash & cash equivalents
DEBT C$119 million
convertible debentures
KGI.DB: 6% $15.00 conversion price C$56.9MM mature Jun/2017 KGI.DB.A: 7.5% $13.70 conversion price C$62.1MM mature Dec/2017
1 Cash balance as of August 31, 2016 (see press release dated September 13, 2016); 2 As at August 1, 2016; 3 Non-GAAP Measure, refer to MDA dated June 30, 2016
CAPITAL STRUCTURE 2
ISSUED SHARES 117.4 million Stock Options ~3.5 million FULLY DILUTED ~120.9 million
MARKET CAPITALIZATION 2 C$1.3 billion
ROYALTY BUYBACK
2.5% NSR
Franco Nevada Corporation
Option to buyback 1% by October 31, 2016, at a cost of US$36MM less any money paid against the 1% (Approx. US$30MM)
$57.3M
Free Cash Flow3
$170.6M
Operating Cash Flow
$227.9M
Revenue
H1/2016 Financial Highlights
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Major Shareholders (~40%) 2
52 Week Performance 2
HIGH C$12.39 LOW C$4.51 Current Share Price C$11.45
1 As at September 9, 2016: 2 As at August 19, 2016
50 75 100 125 150 175 200 225 250 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Kirkland Lake GDX ETF (C$) Spot Gold (C$) 18% 98% 124%
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MACASSA MINE COMPLEX HOLT MINE COMPLEX
Tonnes Milled
188,762 327,631
Head Grade (g/t)
13.6 5.0
Recovery
97.3% 94.4%
Ounces Produced
79,983 50,630
Cost per Tonne (C$/tonne)1
$335 $136
Cash Costs (US$/Oz) 1
$784 $669
1 Production excludes East Timmins for the first 25 days of January (7,189 ozs), as the acquisition of St Andrew Goldfields Ltd., did not close until January 26, 2016. 2 Cost per tonne and cash costs per ounce sold are non-GAAP performance measures. While they are common performance measures in the mining industry it does not
have any standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent Management Discussion & Analysis (“MD&A”), for the period ended December 31, 2015.
3 USD:CAD exchange rate of 1.3
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Guidance Metrics
All figures are in C$ unless stated otherwise
Q1/16 Actual Q2/16 Actual YTD Actual 2016 Guidance
Total Gold Production (kOzs)
62.3 68.4 130.6
270 - 290 Head Grade (g/t Au)
9.1 7.9 8.2
7.7 Cash Operating Cash Costs ($/Oz)
US$569 $667 $641
US$600-US$650 3 All-In Sustaining Costs 2 ($/Oz of gold sold)
US$861 $990 $925
US$1,000- US$1,050 3 Total Capital Expenditures
(New & Sustaining Capital, Property, Plant & Equipment)
$20.1M $21.0M $41.1M
$120M
1 Production excludes East Timmins for the first 25 days of January (7,189 ozs), as the acquisition of St Andrew Goldfields Ltd., did not close until January 26, 2016. 2 AISC costs per ounce sold is a non-GAAP performance measures. While it is a common performance measures in the mining industry it does not have any
standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent Management Discussion & Analysis (“MD&A”), for the period ended December 31, 2015.
3 USD:CAD exchange rate of 1.3
*Example of forward-looking information
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Kirkland Lake Properties (including Macassa Mine Complex) PDFZ Properties (including Holt Mine Complex) Surface Drilling (4-7 drills)
Surface Drilling (5 drills)
Underground Drilling (3 drills)
Underground Drilling (5 drills)
The Company closed a $15M Flow-Through financing in July in order to enhance it’s exploration efforts across its land holdings within the Kirkland Lake Camp and along the Porcupine-Destor Fault Zone (PDFZ)
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The Kirkland Lake gold camp has been in production for over 100 years One of the highest grade gold camps in the world Almost 25 Moz’s has been produced to date, from seven mines KLG owns five former producing high grade mines with historical production of ~22 Moz’s of gold Average head grade of 15.1 g/t Currently only mining and exploration on one of these past producers
Toburn
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Kirkland Minerals
See press release dated January 19, 2016, as filed on SEDAR
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Lightning Smoke Deep Blacktop Canamx Deep Thunder Ghost Zone 4 Zone 6 Tousignant
Holt Property Holloway Property
Holloway West (Harker) Lightval
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PRODUCTION LOW COST & PROFITABLE SUSTAINABLE GROWTH
generation
Leveraged to the Canadian dollar
*Example of forward-looking information
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Suzette N Ramcharan, CPIR Director of Investor Relations +1-647-361-0200 info@klgold.com
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Eric Sprott 2
Non-executive Chairman
Barry Cooper, B.Sc., MBA 1
Non-executive Director
Barry Olson, M.Sc. 1
Non-executive Director
Pamela Klessig, P.Geo.
Non-executive Director
Dawn Whittaker, LLB
Non-executive Director
Jeffrey Parr, CPA-CA, BA, MBA 1
Non-executive Director
Anthony Makuch
Director
Anthony (Tony) Makuch
President & Chief Executive Officer
Perry Ing, CPA-CA, CPA (Ill), CFA 3
Chief Financial Officer
Keyvan Salehi, P.Eng., MBA
VP Technical Services & Corporate Development
Meri Verli, CA, CPA
Pierre Rocque, P.Eng
VP Mining Engineering
Ray Yip,
VP Business Intelligence Systems
Doug Cater, P.Geo.
VP Exploration
Jennifer Wagner, LL.B
Corporate Legal Counsel
Kevin Fearn, BA, CHRP, CHRL
Director, Human Resources
Suzette N Ramcharan, CPIR
Director, Investor Relations
Board of Directors Senior Management
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Firm Analyst
GMP Oliver Turner Dundee Securities Ron Stewart CIBC World Markets Cosmos Chiu Macquarie Capital Markets Michael Siperco BMO Capital Markets Brian Quast M Partners Stuart McDougall Mirabaud Securities Richard Morgan
Firm Analyst
Scotiabank Craig Johnston PI Financial Philip Ker National Bank Financial Raj Ray Clarus Securities Jamie Spratt Investec Bank Hunter Hillcoat Pareto Securities John McClintock
KIRKLAND LAKE GOLD IS FOLLOWED BY THE ANALYSTS LISTED ABOVE. THIS LIST IS PROVIDED FOR INFORMATION PURPOSES ONLY AND IS SUBJECT TO CHANGE AS COVERAGE IS ADDED OR DROPPED BY A FIRM. OPINIONS, ESTIMATES OR FORECASTS REGARDING KIRKLAND LAKE GOLD'S PERFORMANCE THAT ARE MADE BY THESE ANALYSTS ARE THEIRS ALONE AND DO NOT REPRESENT THE OPINIONS, ESTIMATES OR FORECASTS OF KIRKLAND LAKE GOLD OR ITS MANAGEMENT. KIRKLAND LAKE GOLD DOES NOT IMPLY ITS ENDORSEMENT OF, OR CONCURRENCE WITH, SUCH INFORMATION, CONCLUSIONS OR RECOMMENDATIONS AND TAKES NO RESPONSIBILITY FOR MONITORING, SUPPLEMENTING OR CORRECTING ANY INFORMATION OR FORECASTS PROVIDED BY THE ANALYSTS.
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Reserves & Resources Property Wide SMC
Mineral Reserves (P&P)
1.5 Moz’s @ 19.2 g/t
2.4M tonnes
0.9 Moz’s @ 22.3 g/t
1.3M tonnes
Mineral Resources (M&I)
2.0 Moz’s @ 16.8 g/t
3.8M tonnes
0.9 Moz’s @ 22.6 g/t
1.3M tonnes
Mineral Resources (Inferred)
1.7 Moz’s @ 19.2 g/t
1.9M tonnes
0.9 Moz’s @ 22.3 g/t
1.2M tonnes
2016E H1/2016A
Gold Production (k Oz’s)
160 – 170 79.9
Head Grade (g/t Au)
15.1 13.6
See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.
Macassa Mill – 2,000 tpd capacity Production from the SMC and ’04/Main Break feed the mill at approximately 950 tpd
Note: During Q2/2016 the Company processed approximately 13,616 tonnes of ore from low grade surface stockpiles grading 1.7 g/t.
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5025 Level P+P 28,000 Tons @ 0.48 oz/ton 14,000 Oz’s M+I 74,000 Tons @ 0.42 oz/ton 32,000 Oz’s 5300 Level P+P 561,000 Tons @ 0.47 oz/ton 261,000 Oz’s M+I 245,0000 Tons @ 0.43 oz/ton 107,000 Oz’s 5400 Level P+P 370,000 Tons @ 0.61 oz/ton 226,000 Oz’s M+I 174,000 Tons @ 0.42 oz/ton 72,000 Oz’s 5600 Level P+P 239,000 Tons @ 0.77 oz/ton 183,000 Oz’s M+I 186,000 Tons @ 0.63 oz/ton 117,000 Oz’s 5700 Level P+P 202,000 Tons @ 1.03 oz/ton 208,000 Oz’s M+I 164,000 Tons @ 0.91 oz/ton 96,000 Oz’s
OPEN
*Drawing not to scale NOTE: Example of a forward-looking statement
5800 to 6600 Level P+P 50,000 Tons @ 0.83 oz/ton 41,000 Oz’s M+I 551,000 Tons @ 0.91 oz/ton 499,000 Oz’s
OPEN OPEN
Fully developed and currently in production 6 stopes in production Currently in development, while ramp towards 5700 Level continues
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Holt, Holloway, Taylor HOLT MINE COMPLEX (Producing Assets) Hislop Care & Maintenance Ludgate, Aquarius Exploration Targets with existing resources Garrison Creek Exploration Target 120km strike of contiguous land straddling the Porcupine-Destor Fault Zone
Blackfox Mine & Greyfox Deposit (Primero Mining) Aquarius Hislop Ludgate Garrison Creek
120km
N
Fenn-Gibb Deposit (Tahoe Resources)
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Reserves & Resources* Property Wide
Mineral Reserves (P&P)
0.8 Moz’s @ 5.3 g/t
5.2M tonnes
Mineral Resources (M&I)
1.7 Moz’s @ 4.2 g/t
12.9M tonnes
Mineral Resources (Inferred)
2.2 Moz’s @ 4.5 g/t
14.9M tonnes
See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.
HOLT MINE ~1,200tpd (shaft access underground mine) HOLLOWAY MINE ~500tpd (shaft access underground mine TAYLOR MINE ~500tpd (ramp access underground mine)
*The property wide M&I and Inferred resources do not include Aquarius which currently has 0.9 Mozs (22.3M tonnes at 1.3 g/t Au) and inferred resources of 230 ounces (9,000 tonnes at 0.8 g/t Au).
Holt Mill – 3,000 tpd capacity Holt-Holloway and Taylor mines feed the mill at approximately 2,200 tpd
2016E H1/2016A
Gold Production (k Oz’s)
110 - 120 50.6
Head Grade (g/t Au)
4.8 5.0
Note: During Q2/2016 the Company processed approximately 4,566 tonnes of ore from low grade surface stockpiles at the Taylor Mine grading 2.3 g/t.
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All figures are rounded. See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.
P&P Reserves M&I Resources Inferred Resources
Holt Mine (All Zones) 591 koz 3.9Mt @ 4.8 g/t Au 957 koz 7.6Mt @ 3.9 g/t Au 1.2 Moz 7.9Mt @ 4.7 g/t Au Zone 4 (includes Zone 4 East) 201 koz 1.5Mt @ 4.3 g/t Au 544 koz 4.4Mt @ 4.0 g/t Au 23 koz 0.2Mt @ 4.0 g/t Au Zone 4 West Extension
5,552,000 @4.82g/t Au Zone 6 147 koz 0.8Mt @ 6.0 g/t Au 48 koz 0.2Mt @ 7.6 g/t Au 28 koz 0.1Mt @ 7.9 g/t Au Ghost Zone 152 koz 1.0Mt @ 4.5 g/t Au 159 koz 1.4Mt @ 3.4 g/t Au 92 koz 0.8Mt @ 3.7 g.t Au
500 m Surface Shaft Bottom (1.2km) Ghost Zone Zone 6 Zone 4 Zone 4 West Extension
from Zone 4 (~1,000tpd) and Zone 6 (~250tpd)
skipped to surface for processing at the Holt Mill
View looking north
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P&P Reserves M&I Resources Inferred Resources
Holloway Mine (All Zones) 40 koz 0.2Mt @ 5.4 g/t Au 117 koz 0.8Mt @ 4.6 g/t Au 389 koz 0.2Mt @ 4.9 g/t Au Smoke Deep Zone 24 koz 0.1Mt @ 5.3 g/t Au N/A N/A Blacktop Zone 16 koz 89kt @ 5.5 g/t Au N/A N/A Middle Zone
0.2Mt @ 4.2 g/t Au N/A Deep Thunder/ Canamax
2.2Mt @ 4.9 g/t Au
All figures are rounded. See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.
Surface 500 m Shaft Bottom (867m) Smoke Deep Zone Blacktop Zone
View looking north
Middle Zone Lightning Zone
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150m
Zone P&P Reserves M&I Resources Inferred Resources
WPZ 156 koz’s 0.8Mt @ 6.3 g/t Au 239 koz’s 1.6Mt @ 4.6 g/t Au 222 koz’s 1.7Mt @ 4.0 g/t Au Shoot Zone
0.7Mt @ 5.2 g/t Au 3 koz’s 20kt @ 5.2 g/t Au Shaft Zone
205kt @ 5.0 g/t Au
Surface Bourgois Claim Shoot Zone All figures are rounded. See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.
Bulk Sample #1 Bulk Sample #2 1004 Lens 1006-1 Lens 1008-1 Lens 1008-2 Lens 100m 250m 350m 1006-2 Lens 500m
View looking north
OPEN
Underexplored Area
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100 m
100 m 200 m 300 m
Hislop Mine – Long Section looking northeast
Holt Mill.
from 2010 to 2014.
bring into production in 2017.
A A’
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The Kirkland Lake gold camp has been in production for over 100 years One of the highest grade gold camps in the world Almost 25 Moz’s has been produced to date, from seven mines KLG owns five former producing high grade mines with historical production of ~22 Moz’s of gold Average head grade of 15.1 g/t Currently only mining and exploration on one of these past producers
Toburn
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Kirkland Minerals
See press release dated January 19, 2016, as filed on SEDAR
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Underground Drilling Testing New Mineralization on the ‘04 Break
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SELECTED HIGHLIGHTS AB-15-12 11.7 g/ 0.3 metres 0.34 opt/ 1.0 feet AB-15-23 3,241.4 g/ 0.7 metres 94.54 opt/ 2.3 feet 11.7 g/ 0.3 metres 0.34 opt/ 1.0 feet AB-15-53 12.3 g/ 0.5 metres 0.36 opt/ 1.7 feet AB-15-91 646.3 g/ 0.9 metres 18.85 opt/ 2.8 feet including 1,783.2 g/ 0.3 metres 52.01 opt/ 1.0 feet And 89.5 g/ 0.3 metres 2.61 opt/ 1.0 feet
See press release dated November 3, 2015, as filed on SEDAR
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Lightning Smoke Deep Blacktop Canamx Deep Thunder Ghost Zone 4 Zone 6 Tousignant
Holt Property Holloway Property
Holloway West (Harker) Lightval
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Tousignant Deposit Zone 6 Zone 4 Mattawasaga Pits Ghost Zone Surface
2016 Exploration Targets
extension of the Ghost Zone
1075m Level 925m Level 435m Level
Current drift development
Long section view looking north
Zone 4 West Extension
500 m 1 km 2 km 3 km 1 km 1.5 km
TOUSIGNANT TARGET GHOST TARGET ZONE 4 TARGET
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Surface Shaft Bottom (867m)
Long section view looking north SMOKE DEEP TARGET (down plunge) SMOKE DEEP (up-dip) & BLACKTOP (west extension) TARGET HOLLOWAY NORTH TARGET
500 m 1 km 3 km
2016 Exploration Targets
to the east, as well as the up-dip component above the 550m Level drift.
DEEP THUNDER TARGET (along strike)
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Long Section Looking North
West Porphyry Zone (WPZ) Indicated 248 koz 1.63M tonnes @ 4.7 g/t Inferred 251 koz 1.86M tonnes @ 4.2 g/t
surface
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For the three and six months ended June 30, 2016 All amounts are in C$ unless otherwise stated.
Q2 2016 H1 2016 COSTS
Operating Cost (per tonne milled) 1
$208 $234
Operating Cost (per ounce sold) 1
US$667 2 US$641 2
All-In Sustaining Costs (per ounce sold) 1
US$990 2 US$925 2
SALES and PROFITS
Gold Sales (ounces)
72,144 141,453
Average Realized Sales Price 1
US$1,271 2 US$1,211 2
Revenue (millions)
$118M $228M
Income Before Taxes (millions)
$22.0M $41.9M
Earnings Per Share
$0.12 $0.24
CASH FLOW
Free Cash Flow (millions) 1
$39.1M $57.3M
Cash and Cash Equivalents (millions)
1 AISC costs per ounce sold is a non-GAAP performance measures. While it is a common performance measures in the mining industry it does not have any
standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent Management Discussion & Analysis (“MD&A”), for the period ended December 31, 2015.
2 Average USD:CAD exchange rate for each period
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Resources are exclusive of Reserves As at December 31, 2014
PROVEN PROBABLE PROVEN & PROBABLE
RESERVE AREA (Project/Mine)
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces 000's g/t 000's 000's g/t 000's 000's g/t 000's
04 & Main Break
494
14.7 236 529 16.5 278 1,023 15.8 514 South Mine Complex (SMC)
314
17.5 177 1,016 23.7 773 1,330 22.3 949
MACASSA MINE COMPLEX
808
15.8 412 1,545 21.3 1,051 2,354 19.2 1,463 Property Wide Targets
Kirkland Lake Properties 808
15.8 412 1,545 21.3 1,051 2,354 19.2 1,463 Holt Mine
1,452
4.3 199 2,414 5.1 392 3,866 4.8 591 Holloway Mine
5.4 40 233 5.4 40 Taylor Mine
6.3 156 774 6.3 156
HOLT MINE COMPLEX
1,452
4.3 199 3,421 5.4 588 4,873 5.1 787 Hislop Mine
5.2 46 280 5.2 46
PDFZ Properties 1,452 4.3 199 3,701 5.4 634 5,153 5.0 833 TOTAL RESERVES (Company Wide) 2,260
8.4 611 5,246 10.0 1,685 7,507 9.6 2,296
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Resources are exclusive of Reserves As at December 31, 2014
MEASURED INDICATED MEASURED & INDICATED INFERRED
RESOURCE AREA (Project)
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces 000's g/t 000's 000's g/t 000's 000's g/t 000's 000's g/t 000's
04 & Main Break
964
13.7 430 1,042 14.4 483 2,006 14.1 913 440 14.1 201
South Mine Complex (SMC)
30
12.7 12 1,249 23.0 917 1,279 22.6 929 1,232 22.3 876
MACASSA MINE COMPLEX
994 13.7 442 2,290 18.9 1,400 3,285 17.4 1,842 1,671 20.2 1,077
Property Wide Targets
9 17.1 5 518 12.0 200 527 12.0 203 246 12.7 100
Kirkland Lake Properties
1,003 13.7 447 2,809 17.8 1,599 3,812 16.8 2,047 1,917 19.2 1,177
Holt
3,702
4.0 473 3,861 3.9 485 7,563 3.9 957 7,866 4.7 1,181
Holloway
310 4.7 47 482 4.5 70 792 4.6 117 2,479 4.9 389
Taylor
2,323 4.8 356 2,323 4.8 356 1,951 4.1 257
HOLT MINE COMPLEX
4,012 4.1 520 6,666 4.3 911 10,678 4.1 1,430 12,296 4.6 1,827
Hislop
4.0 127 983 4.0 127 690 4.2 92
Aquarius
22,300 1.3 926 22,300 1.3 926 9 0.8 N/A
Ludgate
522 4.1 68 522 4.1 68 1,396 3.6 162
Canamax
240 5.1 39 240 5.1 39 170 4.3 23
Clavos (40%)
503 4.8 78 503 4.8 78 318 4.5 48
PDFZ Properties
4,012 4.1 520 31,214 2.1 2,149 35,226 2.4 2,668 14,879 4.6 2,152
TOTAL RESERVES (Company Wide)
5,015
6.0 967 33,803 3.4 3,748 39,038 3.7 4,715 16,796 6.2 3,329
– Fourth level » Fifth level
– Fourth level » Fifth level
TSX:KLG 44 klgold.com
Notes:
peripheral resources blocks (such as the Lakeshore Ramp).
the press release dated April 13, 2015, has been approved, by the Company’s independent reserve and resource engineer, Glenn
Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators. The report detailing the December 31, 2014, reserve and resource estimates is available on SEDAR (www.sedar.com). See ‘Notes for Reserves and Resources’ below for key assumptions, parameters and methods used to estimate the foregoing reserves and resources, available on the Company website at www.klgold.com..
Information Form dated March 27, 2015, available under the St Andrew Goldfields Ltd., profile on www.sedar.com, and references the various technical reports for each project also available on www.sedar.com.
P.Eng., the VP Exploration and VP Corporate Development and Technical Services of St Andrew Goldfields Ltd., and not considered independent under NI 43-101