For personal use only - ASX · 2012-02-26 · DISCLAIMER Disclaimer This presentation has been prepared and issued by KBL Mining Limited (the ompany) . It contains general information

EGM 27 February 2012

Company Update

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DISCLAIMER

Disclaimer

This presentation has been prepared and issued by KBL Mining Limited (“the Company”). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation should observe any such restrictions on the distribution of this presentation and warrants to the Company that the receipt of the presentation is not unlawful. The presentation does not constitute, and should not be considered as, an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities.

This presentation contains forecasts which are based on various assumptions. While the Company has endeavoured to ensure that that these assumptions are reasonable, the Company can not factor in future events which are not foreseeable. Therefore, it is possible that the forecasts may not be achieved.

To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and, to the maximum extent permitted by law, no responsibility or liability is accepted by the Company or any or its officers, employees, agents or consultants or any other person as to the adequacy, accuracy, completeness or reasonableness of the information in this presentation. To the maximum extent permitted by law, no responsibility for any errors or omissions from this presentation whether arising out of negligence or otherwise is accepted. An investment in the shares of the Company is to be considered highly speculative.

Confidentiality

The contents of this presentation are confidential. This presentation is being provided to you on the basis that you do not reproduce, communicate or disclose it to, or discuss it with, any other person without the prior permission of the Company.

Competent Persons Statement

The information in the Presentation that relates to Exploration Results, Mineral Resources and Reserves has been compiled by Mr Stuart Mathews, MSc (Hons), who is a Member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of the Company. He has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration and to the activity that is being undertaking to qualify as a Competent Persons as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Mr Mathews consents to the inclusion in the Presentation of the matters based on his information in the form and context that the information appears.

Information relating to Resource Estimates is based on prior reports prepared by Mr Colin Lutherborrow (an employee of Zilloc Pty Ltd and a Member of the Australasian Institute of Mining and Metallurgy) in relation to the Mineral Hill project, and Mr Daniel Wholley (an employee of CSA Australia Pty Ltd and a Member of the Australian Institute of Geoscientists) in relation to the Sorby Hills, Manbarrum and Constance Range projects. Each of these persons has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration and to the activity that is being undertaking to qualify as Competent Persons as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Further, each of these persons consents to the inclusion in the Presentation of the matters based on his information in the form and context that the information appears.

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Contents

I. Capital Raising I. SPP II. Placement

II. KBL Mining Limited I. Overview II. Strategy III. GMR MoU

III. Mineral Hill IV. Sorby Hills V. Constance Range VI. Appendices

I. Key Risks II. Resources & Reserves

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INTRODUCTION

Capital Raising

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FUNDING KBL’S GROWTH

KBL is raising up to approximately $20m by way of:

I. A Share Purchase Plan (“SPP”) of A$15,000 per shareholder, which raised $6.7m

II. An Institutional and Sophisticated Investor Placement of approximately $13m (“Placement” or “Offer”)

KBL wishes to maintain appropriate cash reserves to continue developing Mineral Hill, advance Sorby Hills to development. These have recently been depleted due to:

I. Start-up production issues in October to December 2011 resulting in reduced December quarter shipments

II. Costs associated with expansion of Mineral Hill production profile from 250,000 tpa in August 2011 to 320,000 tpa in February 2012

The capital raised will provide KBL with significant balance sheet strength and flexibility to fund its sustainable growth strategy

Funds raised under the Offer and SPP, with existing cash together totalling A$22.4m1 will be used to:

I. Meet projected short to medium term development costs of Mineral Hill to expand production to 500-550,000 tpa over next 12 months

II. Progress near mine and regional exploration activities at Mineral Hill, Iron Duke, Sorby Hills and Manbarrum

III. Fund residual feasibility costs associated with the development of Sorby Hills

IV. Provide working capital

27/02/2012 1. Pro-forma unaudited cash as at 31 December 2011 of A$2.4m plus gross proceeds from SPP and Offer (pre- costs)

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INVESTMENT HIGHLIGHTS

• Mineral Hill and Iron Duke: 100% ownership of operating Cu-Au-Ag project in New South Wales, with at least 10 years mine life

• Sorby Hills: 75% ownership of Australia’s largest undeveloped open-cut depth Ag-Pb project in Western Australia with China’s largest Ag-Pb smelter, Henan Yuguang Gold & Lead

• Manbarrum: earning 51% of TNG’s Ag-Zn project 40km east of Sorby Hills in Northern Territory

• Constance Range: 30% ownership of 296mt Iron Ore Resource in Queensland

Quality, diversified

assets

• Growing Production at Mineral Hill: 30% increase in production capacity to 320,000 tpa over past three months, together with planned capacity increase in late 2012 to 500-550,000 tpa

• Strategic position of Mineral Hill: No operational mill within 150km of Mineral Hill in world-class mineralised region, Lachlan Fold Belt (Cadia, North Parkes, Tritton, CSA, Peak, Endeavour)

• Sorby Hills initial production: 500,000 tpa in 2013 with expansion to 1.2million tpa over the medium term

Strong, sustainable

growth profile

• Mineral Hill Mining and Exploration Leases: largely unexplored by modern standards with 3% of drilling extending below 300m

• Lachlan Fold Belt: Potential of Iron Duke exploration lease 50km from Mineral Hill

• Sorby Hills: 8km of 250km mineralised syncline around Bonaparte Basin, with KBL controlling majority of tenements

Significant exploration

potential

• Stronger cash flows: Expanded production profile together with long-hole stope mining in March quarter

• Unlevered assets: incorporating $50m plant at Mineral Hill together with approximately $150m of associated infrastructure and intellectual property

Strengthening financial position

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CAPITAL RAISING OVERVIEW

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• Proposed institutional and sophisticated investor placement of approximately $13m (63m shares)

• SPP which closed 20 February 2012 raised $6.7m (approximately 33m shares)

Offer Structure

• 15% discount to the average Market Price of the five (5) days prior to the allotment of shares under the SPP (27 February 2012)

• 20.57 cents Pricing

• 24% discount to 24 January 2012 27c closing price (last trading day prior to the announcement of the SPP)

• 25% discount to the 3 month VWAP prior to the announcement of the SPP Discount

• Eligible institutions and sophisticated investors can participate in the Placement at the same price as the SPP

Offer Securities F

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OFFER TIMETABLE

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Event Date

SPP announcement Tuesday, 24 January 2012

SPP Opening Date Friday, 27 January 2012

SPP Closing Date Monday, 20 February 2012

EGM to approve SPP/shortfall Monday, 27 February 2012

SPP Allotment Date Monday, 27 February 2012

Quotation of SPP shares on ASX Tuesday, 28 February 2012

Placement of shortfall XXXX

Settlement of Placement XXXX

Placement shares allotment XXXX

Quotation of Placement shares on ASX XXXX

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CAPITAL STRUCTURE

AND BALANCE SHEET

Strengthened and conservative balance sheet to continue to grow

Notes:

1. Cash are pro-forma unaudited as at 31 December 2011. Debt excludes Hire Purchase Agreement and 38c Convertible Notes

2. Gross proceeds (pre-Offer costs) assuming maximum amount of A$20m raised under SPP and Placement

Unit

KBL

(23 January 2011) Capital Raisings

Pro-forma post

Placement and SPP

Share price

(close/offer price)A$ 0.27 0.205 n.a.

Ordinary shares Shares (m) 202 982 300

Market capitalisation A$m 54.54 20 n.a.

Cash1 A$m 2.4 202 22.4

Debt1 A$m 0 0 0

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SUMMARY OF KEY RISKS

• There are various risks associated with an investment in KBL Mining Limited and many of these are outside the control of the company. Please refer to the expanded key risks section in the Appences of this presentation.

• Key risk factors include:

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• Operating and development risks • Sorby Hills project risk • Risks associated with Mineral Hill

operations • Funding risks • Risks to achieving increased production • Risks to completion of GMR transaction • Regulatory risks • Estimate risk • Cost risk • Exploration risk

• Investment risk • Foreign exchange risk • Counterparty risk • Risk of dilution • Discretion in use of capital • Commodity price and market fluctuation • Labour market risks • Insurance risk • Environmental risk • Changes in accounting policies • Dividends

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KBL MINING LIMITED Overview

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CORPORATE HISTORY

• May 2008

– Distribution of CBH’s pre-development assets to unlisted entity, Kimberley Metals

– 1 Kimberley Metals share for 9.5 CBH shares distributed to CBH shareholders

• 25 February 2010

– Kimberley Metals Limited listed on ASX

• 23 November 2011

– Kimberley Metals Limited name change to KBL Mining Limited

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DIVERSIFIED ASSET BASE

Mineral Hill (NSW) Cu, Au, Ag, Pb, Zn

Status Producing

KBL Ownership 100%

Est. Mine Life 10+ years

5.2 million tonnes

61,000t Cu

220,000oz Au

6.1m oz Ag

83,000t Pb

50,000t Zn

Expanding Production to 500-550ktpa

Current Resources

(containing)

*Resources for KBL are broken down by grade, tonnes and category in the Appendix

Constance Range (QLD) Fe

Status Scoping Study

KBL Ownership 30%

Target Mine Life 10+ years

296 million tonnes

157.2m t Fe

Direct Shipping Ore scoping study

Current Resources

(containing)

Manbarrum (NT) Ag, Pb, Zn

Status Pre-Feasibility

KBL Ownership earning 51%

32.4 million tonnes

10m oz Ag

410,000t Zn

113,000t Pb

Extension to Sorby Hills mine life

Current Resources

(containing)

Sorby Hills (WA) Ag, Pb, Zn

Status Feasibility

KBL Ownership 75%

Target Mine Life 10+ years

16.7 million tonnes

28m oz Ag

750,000t Pb

117,000t Zn

Commence production at 500,000tpa in 2013

Current Resources

(containing)

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Pre-OfferPost-Offer &

SPP2

Share price 0.25 n.a.

52 week high / low

Shares outstanding (m)3 202 300

Market Capitalisation ($m) 50.5 n.a.

38c Convertible notes (m) 28.95 28.95

Options (m) 2.15 2.15

Debt A$m4 nil nil

Cash (@ 31/12) A$m 2.4 22.4

0.37/0.23

CORPORATE OVERVIEW

Top shareholders (30 Dec 2012)

Investor % total shares

Yuguang (Australia) 11%

Toho Zinc 7%

Pagodatree 4%

Sunbeam 4%

Jinji Australia 3%

Board Management 5%

Other Top 20 9%

TOTAL 43%

Key Information

Board & Management

Jim Wall - Executive Chairman

Steve Lonergan – Exec. Director / Co. Sec.

Bob Besley - Non Executive Director

John Richards - Non Executive Director

Stuart Mathews - Chief Operating Officer

Ed Newman – General Manager - Projects

Richard Sheridan - Chief Financial Officer

Trangie Johnston - Chief Geologist

Will Beaurepaire - Investment & Strategy

1. ASX 200 Material s Index rebased to KBL share price at 25 Feb 2010 2. Pro-forma assuming full placement of SPP and Offer (pre-costs) of $20m 3. Includes 23.4m shares escrowed until 25 Feb 2012 (Toho Zinc, directors, Jinji) 4. Excludes 38c Convertible Notes and hire/purchase facility

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2011 RECAP

Market Cap - from $10m in January 2010 (pre-IPO) to $50m in January 2012

Share price performance – 2nd top quartile of TSR performance of Top 300

Resources Index (June 2009 to December 2011)

Management Team - from 5 employees to 85

From Explorer to Producer – 5 copper shipments from Mineral Hill (NSW)

Above Expectation – >16%+ steady-state mill rate by mid Dec. 2011

Mine Life Extension - Mineral Hill was 4 years, now 10+

Resources - Doubled inventory at Mineral Hill (NSW), more to come.

Exploration – Mineral Hill, Sorby Hills and at Manbarrum.

Studies - Sorby Hills project team currently completing PFS/awaiting approvals

Acquisitions and JVs – Manbarrum/TNG (2011), Henan Yuguang/Sorby (2010)

Explorer/Developer to Copper Miner

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SUSTAINED GROWTH STRATEGY

Source: Adapted from McKinsey’s “The Alchemy of Growth” 27/02/2012

$40-$50m p.a.

Target Revenue1: $160-$190m p.a. $300m+ p.a.

1. Based on $7,000/t Cu, $1,600/oz Au, $30/oz Ag, $2,000/t Pb, $2,000/t Zn and successful development of Pearse, SOZ, ESOZ, Sorby Hills.

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SOZ / ESOZ

Manbarrum

Parkers Hill

Deeps

PROJECT / DEPOSIT PIPELINE

Exploration / Concept

Feasibility Studies

Construction / Refurbishment

Operating assets

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Mineral Hill

Sorby Hills

Other

Parkers Hill U/G

Pearse Pearse North

Iron Duke

ESOZ repeat

Mt Marshall

C,D,E Deposits

F, H, I, Alpha, Beta Deposits

Constance Range DSO

Parkers Hill

Open Cut

Legend: Cu Au/Ag Cu/Au Cu/Ag/Pb Ag/Pb/Zn Fe

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Guangdong Guangxin Mining Resource Group (GMR) – Subsidiary of Guangdong Guangxin Holding (GGH), largest foreign trade group

in Guangdong (Canton) province

– Experienced mining investor

Key terms 1. $10-$15m KBL shares

– 15% fully diluted placement – 33-45m shares

– 25% premium to 6-month pre-announcement VWAP ~ 34c

2. $80m Mineral Hill / Iron Duke Interest – 10% to 15% discount to market terms

– Life of mine offtake concentrate agreement

Completion requires government, shareholder & GGH approvals; JV, subscription and offtake documentation.

*Adjusted to take into consideration all shares issued under the SPP and Placement

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MoU WITH GMR F

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• 1,000t of 25% copper concentrate = 250t Cu

• $8,000/t Cu

• Based on cost, penalty and discount ranges sighted by KBL and established market terms

GMR Offtake Low Case Smelter Agreement

High Case Smelter Agreement

Gross Metal Value $2,000,000 $2,000,000 $2,000,000

Payable Cu $1,500,000 $1,880,000 $1,920,000

Treatment Cost* 0 (90,000) (60,000)

Refining Cost* 0 (49,604) (33,069)

Penalties 0 (100,000) 0

Net Smelter Return (NSR)** $1,500,000 $1,640,397 $1,826,931

- Cu Discount 25% 18% 9%

*Treatment costs and refining costs have been greater than $100/t concentrate and 10c/lb contained metal over the past 12 months (range used is $60-$90/t concentrate and 6c-9c/lb Cu metal) **Net Smelter Return is the amount paid by the smelter/offtake partner to the mine NB. Mineral Hill produces concentrates with payable Au and Ag (e.g. 100 to 500 oz Au per 1,000t of Cu con), these are not included as Au and Ag credit with GMR is without additional discount to market rate

SHIPMENT SCENARIOS F

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MINERAL HILL PROJECT

Precious & base metal production from

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OVERVIEW Key Statistics

1. Commodity prices: $7,000/t Cu, $1,600/oz Au, $30/oz Ag. Reliant on expansion of Mineral Hill to 500,000tpa, with Au/Ag dore from Pearse and Au/Cu ore from SOZ/ESOZ

2. Resources for Mineral Hill are broken down in the Appendix 3. CAPEX forecasts are subject to change with mine plan and capital availability

Overview Mining Cu underground, with Au-Ag open pit

opening late CY12. Substantial Au credit

increase in 2013 from expanded underground

operations

Ownership 100% KBL

Resources2 5.2 million tonnes

(containing) 61,000t Cu

220,000oz Au

6.1m oz Ag

83,000t Pb

50,000t Zn

Reserve 1.1mt

Mill capacity 250ktpa ('11), 320ktpa ('12), 500ktpa ('13)

History Commenced development: August 2010

Commissioning: July - November 2011

First Shipment: October 2011

First Stope: November 2011

CAPEX 2011/12: Mine: $16.2m; Plant: $12.1m

2012/133: $15-$25m

Replacement Value $150 - $200m

Use of Funds Expand mill to 500ktpa (and associated

infrastructure), Gold circuit, SOZ/ESOZ

refurbishment, Pearse pre-operations, Paste Fill

of voids to maximise mining recovery

Life of Mine 10+ years

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PARKERS HILL PRODUCTION

Parkers Hill Underground - Copper

Commenced 2011

Life of Mine 5 – 6 years

Mining Rate 290-330 ktpa

Grade Au 2.1% Cu

Recovery 85-90%

Concentrate 21,000-23,000 tpa

Cu Metal 5,400 -5,600 tpa

Au Credits 1,500 – 3,000 ozpa

Ag Credits 100,000 ozpa

MAR QTR EST. ANNUAL EST.

49,161 75,000 300,000

Stoping ore (tonnes) 24,634 52,500 210,000

Development ore (tonnes) 24,527 22,500 90,000

Cu grade (%) 2 2.1 2.1

479 450 1,800

41,752 72,818 291,270

Cu grade (%) 1.99 2.1 2.1

Recovery (%) 84.7 88 88

2,974 5,607 22,428

Cu grade (%) 23.4 24 24

Au grade (g/t) 1.39 1.50 2.00

Ag grade (g/t) 129 150 200

3,370 5,607 22,428

Cu (tonnes) 743 1,346 5,383

Au (ounces) 193 271 1,447

Ag (ounces) 14,619 27,130 144,695

December 2011 Quarter

Concentrate shipped (DMT)

Concentrate production (DMT)

Ore treated (tonnes)

Development (metres)

Ore mined (tonnes)

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LONG HOLE STOPING

Stope Tonnes Date Start Date Finish

1 37,500 Nov-11 Jan-12

2 24,500 Jan-12

3 15,000

4 42,000

5 26,500

6 42,000

7 42,000

8 19,400

9 27,500

TOTAL 276,400

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EXTENDING PARKERS HILL

Access & level development to 1165mRL

• Building another stoping level at Parkers Hill below current development (1190)

• Currently not in the Reserves • Targeting Resource extension to NE

1190 Level

New development

Existing, unused Existing

New development @ 1160 level

Existing @ 1180 level Existing @ 1190 level

• Targeting Resource extension to NE

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Pearse development is subject to mill expansion, re-installation of CIL circuit, metallurgical recovery

confirmation

PEARSE – Au/Ag

Pearse Open Cut - Gold/Silver dore

Commence 2H CY12

Life of Mine 2-2.5 years

Mining Rate 100-150 ktpa

Grade Au 7 g/t

Grade Ag 72 g/t

Recovery Au 80%

Recovery Ag 50%

Gold Production 20,000 ozpa

Silver Production 165,000 ozpa

See Appendix for Mineral Hill resources by deposit, tonnage and grades

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See Appendix for Mineral Hill Resources by deposit, tonnage and grades

Main G lode

West G lode

North H lode

South H lode

Current Mine Workings

ESOZ – Cu/Au

SOZ existing development - Rehabilitation required

Resource: • 315,000t @ 1.9% Cu, 4.6g/t Au* • Open in all directions • Resource: 200 to 350m below surface

Operations: • Dewatering of EOZ decline in progress

• water level at 155mRL. • Reducing by 8-9 metres per month

• Accessible from existing development subject to rehabilitation

Existing development

New decline

Level development

ESOZ Plan

From 100 to 250m below surface

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SOZ – Cu/Au Resources: • 0.9mt @ 1.2% Cu, 1.3g/t Au* • 0.4mt @ 4g/t Au, 0.8% Cu* • 0.7mt @ 2.6% Pb, 2.8% Zn* • Developed, unmined stope: 75,650t @ 2.63g/t Au, 1.2% Cu • Open in all directions – limited drilling due to 150m of cover

and no drilling to South or below 300m • Resource is from 100 to 400m below surface Operational Plan: • Rehab in conjunction with ESOZ

*See Appendix for Mineral Hill Resources by deposit, tonnage and grades

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SHORT TERM UPSIDE POTENTIAL

Mt Marshall Potential pit cut-back at Eastern Pit

into oxide Cu/Au trend

Drill targets defined

Red Terror Re-discovered high grade Cu/Au trend

Accessible from existing development

Priority targets: 7.6m @ 1.4% Cu & 8.8g/t Au

Parkers Hill to SOZ Newly defined Cu-Au-Ag-Pb-Zn structural

corridor Potential to discover Parkers Hill/SOZ styles

Accessible from existing development 400m long target zone

CMHDD001 Single isolated drill hole

Results: 5m @ 3.5g/t Au, 3.4% Cu Potential new SOZ-type Au/Cu ore zone

Jacks Hut (’93-’99) 700kt @ 1.8% Cu, 4.75g/t Au

EOZ (’89-’05) 1.1mt@ 0.6% Cu, 7.67g/t Au

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REGIONAL - IRON DUKE

50km from Mineral Hill, a 2km long Cu/Au Strike Zone/Anomaly

Shallow Copper Gold potential. Drilling to commence over next 3 months

1Q12 Drilling Iron Duke Mine • Last mined 1920s • Limited drilling by Triako

and CBH • 1,200m RC drilling along

550m strike (in progress) Christmas Gift Mine • Last mined 1890s • Never drilled • 450-550m RC drilling

under historical workings (pending)

6km

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EXPLORATION TARGET

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Initial exploration target is 550m x 140m x 15m mineralised envelope Specific Gravity: 2.7

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SORBY HILLS (WA) &

MANBARRUM (NT)

New Mining Region – Bonaparte Basin

Sorby Hills is Australia’s largest undeveloped Ag-Pb resource at open cut depth

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BONAPARTE BASIN

250km mineralised syncline, KBL has a commanding position

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FOCUSED DEVELOPMENT

Sorby is Mississippi Valley Type Ag-Pb-Zn. Strategic tenements. Shallow 5m-40m cover

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Key Statistics

1. Commodity prices: $30/oz Ag, $2,000/t Pb, $2,000/t Zn 2. Resources for Sorby Hills are broken down in the Appendix 3. CAPEX forecasts are subject to change with mine plan, timeframe, approvals and capital

availability

OVERVIEW

SORBY HILLS

Overview Largest, undeveloped open cut depth Ag-Pb

deposit in Australia near deep ocean port at

Wyndham and regional centre of Kununurra.

Development by stages to reduce operational/

capital risk. Stage 1 to commence in 2013

focusing on central, shallow 1km (C,D,E deposits)

of 8km of deposits. Stage 2 expands production

and focuses on deeper, higher grade deposits (H,I,

alpha and beta)

Ownership 75% Joint Venture with China's largest lead/silver

smelter, Henan Yuguang Gold & Lead

Resources2

16.7 million tonnes (2.5% Pb cut-off)

(containing) 28m oz Ag

750,000t Pb

117,000t Zn

History 1971: Discovered by Elf Aquitaine

1972 - 88: 3 x PFS & 889 drill holes

2000: Shelved due to Ord River uncertainty

2010: 21 year mining leases renewed

Mill capacity 500,000tpa (Stage 1); 1-1.2mtpa (Stage 2)

Mining Inventory C,D,E Mining inventory: 4.43mt @ 44g/t Ag, 4.3% Pb

Production CY12: Approvals and commence development

schedule CY13: Commence mining operations

Strip Ratio 3 to 5:1

Max depth: 70m

CAPEX3 Stage 1: $75-$100m

Use of Funds Plant, pre-operations, site works, infrastructure

Life of Mine 10+ years

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Complete Pre-feasibility Study to establish project parameters

Key project personnel on-site

Awaiting EPBC, EPA and DMP approvals/work required

PFS plant design & costing by Beijing General Research Institute of Mining & Metallurgy (BGRIMM)

PFS modelling underway

1Q12 WORK PROGRAM

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EXPLORATION OVERIVEW

2011 Drilling Summary:

• D-E Deposit: - 96 holes for 5297m

• H-I Deposit: - 4 holes for 76m

• Sterilisation: - 9 holes for 386m

• Total: 109 holes for 5759m

Gravity Survey:

• 550 stations

• Deposits located on flanks of gravity highs = increase drill targets as historical drilling appears to have not accurately followed mineralisation

Resource Upgraded:

• mid December 2011

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AERIAL PHOTO OF D-E DEPOSIT

Aerial photo looking east across the D-E Deposit drill program.

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SIGNIFICANT 2011 RESULTS D-E Deposit

• 11m @ 18.5% Pb and 164 g/t Ag from 39m (KSHRC010)













• 8m @ 10% Pb and 210 g/t Ag from 38m (KSHRC096)


• Highest grade Ag-Pb results released in Australia in 2011

• Shallow, continuous mineralisation

• All intervals <70m depth

• Mineralisation open down dip to east, likely to merge with F Deposit in north

High grade Pb samples **Full tables of significant results in appendix

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D-E DEPOSIT MODEL

D-E Deposit resource outline (red), 2011 drill program (yellow points) and structural interpretation overlain on gravity image.

View: looking down, towards the NE

E D

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DEPOSIT SECTIONS (8291425mN)

Section location

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Section location

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Section location

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APPENDICES Management Team

Key Risks

Reserves and Resources

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EXPERIENCED MANAGEMENT

Jim Wall Executive Chairman

B Eng (UWA)

Mr Wall has been Managing Director of Nicron Resources Limited, Executive Director of Aztec Mining Company Limited and Managing Director of Savage Resources Limited, during which time its market capitalisation on ASX increased by 40 times to over $600 million. He is a fellow of the Australian Institute of Mining and Metallurgy and is the former Executive Chairman of CBH Resources Limited, retiring in March 2009. He was most recently a non‐executive director of Ferraus Limited, and has previously been a director of other listed companies, such as Emperor Mines Limited and BMA Gold Limited.

Steve Lonergan Executive Director/Co. Sec.

LLB (Hons), LLM.

Mr Lonergan is a commercial lawyer based in Sydney with more than 30 years experience in the Australian and international mining industry.

He has been General Counsel of Pancontinental Mining Group, a partner at Baker & McKenzie Sydney, General Counsel and Company Secretary of Savage Resources Limited and General Counsel and Company Secretary of CBH Resources Limited.

Directorships of other listed companies in the last 3 years: Paradigm Metals Limited and Finders Resources Limited.

Stuart Mathews Chief Operating Officer

MSc (Geology)

Mr Mathews has 23 years of geology, mining, and project development experience both in

Australia and internationally including project development through to production at the large Palmarejo Silver and Gold Mine in Mexico and the Cowal Gold Mine in NSW, Australia.

Stuart Mathews was previously a Vice President at Coeur D’Alene Mines Corporation.

His prior experience includes management roles at gold and base metals mines in Western Australia, New South Wales, Queensland and New Zealand.

Trangie Johnston Chief Geologist

BSc (Hons) (U.Newcastle), M Econ Geol (U.Tasmania)

Mr Johnston has more than 15 years experience in the mineral exploration and mining industry across a wide range of deposit types and tectonic settings from Australia, New Zealand, Saudi Arabia, southern Africa and central South America. Mr Johnston has developed a scale-independent approach to the analysis of structural geology facilitating in target generation and resource definition for a range of deposits types including porphyry, high/low sulphidation epithermal, IOCG, SEDEX, VHMS, orogenic gold (brittle to ductile systems), uranium and rare-element pegmatites.

Mr. Newman has over 33 years experience in the mining and exploration industry. He has held positions as chemist and manager of an analytical services laboratory as well as being involved in feasibility studies, design, construction and commissioning of several mining and processing operations in Australia and Papua New Guinea.

Ed Newman General Manager, Projects

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KEY RISKS KBL Mining Ltd

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SUMMARY OF KEY RISKS

• There are various risks associated with an investment in KBL Mining Limited and many of these are outside the control of the company. Please refer to the expanded key risks section on the following pages of this presentation.

• Key risk factors include:

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• Operating and development risks • Sorby Hills project risk • Risks associated with Mineral Hill

operations • Funding risks • Risks to achieving increased production • Risks to completion of GMR transaction • Regulatory risks • Estimate risk • Cost risk • Exploration risk

• Investment risk • Foreign exchange risk • Counterparty risk • Risk of dilution • Discretion in use of capital • Commodity price and market fluctuation • Labour market risks • Insurance risk • Environmental risk • Changes in accounting policies • Dividends

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KEY RISKS

There are various risks associated with investing in KBL Mining Limited (“KBL”), as with any stock market investment, and specifically because of the nature of KBL’s mining business and the present stage of development of some of its operations. This includes projects in which KBL has an interest. A reference to KBL in this key risks section should therefore be taken to include, where relevant, a reference to those project interests.

This section discloses some of the key risks attaching to an investment in KBL, many of which are outside the control of the directors of KBL. Before investing or increasing your investment in KBL, you should consider whether this investment is suitable for you having regard to the risk factors set out below, publicly available information, your investment objectives and personal financial circumstances and following consultation with your professional, accredited advisors.

However the risks in this section are not, and should not be considered to be, or relied on as, an exhaustive list of the risks relevant to an investment in KBL. The risks are general in nature and no allowance has been made for the investment objectives, financial situation, tax position or particular needs of any investor. Factors affecting the operating and financial performance of KBL and the market price of its shares include domestic and international economic conditions and outlook, changes in government fiscal, monetary and regulatory policies, changes in interest rates and inflation rates, changes to commodity prices, the announcement of new technologies and variations in general market conditions and/or market conditions which are specific to the mining industry. In addition, the share price of many companies are affected by factors which might be unrelated to the operating performance of the relevant company. Such factors might adversely affect the market price of KBL’s shares.

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KEY RISKS

Operating and development risks The ability of KBL to achieve production targets or meet operating and capital expenditure on a timely basis cannot be assured. For example, development and expansion projects may require approvals, permits or licences that may not be received on a timely basis. In addition, decisions regarding development and expansion projects may be subject to the successful outcome of operational reviews, testwork, studies and trial mining.

KBL’s assets and mining operations, as any others, are subject to uncertainty with respect to (among other things): ore tonnes, grade metallurgical recovery, ground conditions, operational environment, funding for development, regulatory changes, accidents and other unforseen circumstances such as mechanical failure of plant or equipment, storms, floods, bushfires or other natural disasters. If faced by KBL, these circumstances could result in KBL not realising its operational or development plans or in such plans costing more than expected or taking longer to realise than expected. Any of these outcomes could have an adverse effect on KBL’s financial and operational performance.

The information provided in this document in relation to KBL’s projects is the current estimate of Resources and Reserves, capital and operating costs, as determined from geological data obtained from drill holes and other exploration techniques and feasibility studies conducted to date.

Mining and milling operations at Mineral Hill

KBL experienced metallurgical issues with ore from Parkers Hill underground mine at Mineral Hill during the December quarter, causing elevated lead within copper concentrate.

The ongoing suppression of lead levels within copper concentrates produced from Parkers Hill ore requires lime dosing of the raw water dam and a courser ball mill grind size to aid copper and lead separation during flotation. However, unexpected further technical or metallurgical issues may arise in the future which may further impact on KBL’s mining operations and ultimately its overall financial performance.

Mill performance has also been adversely impacted by the quality/outages in power supplied by Essential Energy. Measures have been put in place to reduce the impact of power supply problems on milling operations and KBL is working with Essential Energy to improve the reliability of power to the mine site. Power supply problems can adversely impact plant availability, which KBL plans at 92%.

Pearse open cut gold mine at Mineral Hill

In KBL’s initial prospectus, Pearse was expected to be developed before underground mining at Parkers Hill. NSW government approvals delayed the development from 2011 to 2012.

There is a risk that further delays may be encountered with the development of Pearse gold mine due to metallurgical considerations, changes in regulatory environment and permitting and funding availability. As a result, the estimated costs of proceeding with the project to production and costs of production may be more than KBL’s cost and revenue estimates.

Sorby Hills project risk KBL is currently seeking final approvals from relevant government and statutory authorities for the commencement of development of Stage 1 of the Sorby Hills project.

There is a risk that additional information and submissions will be required by these authorities which may extend the development timeframe which will be restricted during the initial phases of development due to the ability to access the project during the wet season.

GMR transaction risk The Memorandum of Framework Cooperation covers a package providing for the subscription by Guangdong Guangxin Mining Resource Group Co Ltd (GMR) for a 15% fully diluted shareholding in KBL and for the acquisition by GMR of a 25% interest in KBL’s Mineral Hill Mine together with a discounted life of mine offtake for copper concentrates.

Completion of the transaction is conditional upon receipt of all necessary Australian and Chinese government approvals, shareholder approvals (including the approval of GMR’s parent company) and negotiation of the necessary Joint Venture Agreement, Share Subscription Agreement and Concentrate Sales Agreement no later than 31 March 2012.

There is a risk that the time frame for all necessary approvals and documentation may take longer than anticipated.

Funding risks Subject to successful completion of the SPP and Offer, it is expected that KBL will have sufficient funding to support its growth strategy including the expansion of Mineral Hill and acceleration of the pre-development work at Sorby Hills. However, KBL may require additional financing for development and exploration and for other capital expenditure and there can be no guarantee that such funding will be obtained at all or on acceptable terms, particularly having regard to the current condition of global financial markets. If KBL seeks to obtain funding by way of an equity raising, this may be dilutive to existing shareholders.

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KEY RISKS (continued)

Asset impairment risk At each reporting date, the directors of KBL assess whether circumstances indicate that the carrying value of any of the company’s assets, should be impaired.

Risks to achieving forecast production

This presentation includes production targets for KBL’s Mineral Hill and Sorby Hills projects. Whilst KBL considers there to be a reasonable basis for the production targets, actual future production may vary from the targets and projects for a

number of reasons, many of which cannot be foreseen and are beyond the control of KBL. These factors may cause the production forecast not to be achieved or to be achieved later than expected and/or achieved at an increased cost.

Regulatory risks Changes in legislative and administrative regimes, taxation laws, interest rates, other legal and government policies in Australia may have an adverse effect on the assets, operations and ultimately the financial performance of KBL and the market price of KBL shares and convertible notes.

Exploration and prospective production are dependent upon the granting and maintenance of appropriate licences, permits and regulatory consents and authorisations (“Authorisations”), which may not be granted or may be withdrawn or be made subject to limitations at the discretion of government or regulatory authorities. Although the Authorisations may be renewed following expiry or granted (as the case may be), there can be no assurance that such Authorisations will be continued, renewed or granted, or as to the terms of the renewals or grants. If there is a failure to obtain or retain the appropriate Authorisations or there is a material delay in obtaining or renewing them or they are subject to onerous conditions, then KBL’s ability to conduct its exploration or development operations may be adversely affected.

Native title may impact on KBL’s operations and future plans. For tenements that may still be subject to native title to be validly granted (or renewed), the ‘right to negotiate’ regime established by the Native Title Act 1993 (Cth) must be followed. Alternatively, an indigenous land use agreement may be entered into between KBL and relevant native title parties. KBL notes that although Mining Leases at Sorby Hills predate native title legislation, local indigenous groups will be consulted and involved in the development process.

The Australian Parliament passed legislation in November 2011 to implement a carbon price mechanism in Australia from 1 July 2012. A carbon price will increase the cost of activities that directly or indirectly (i.e. through their inputs) emit greenhouse gas emissions. For mining activities, such as those undertaken by KBL, the key carbon costs will attach to gas, diesel and electricity use. It is not expected that any price increases due to suppliers carbon costs will be material in the context of KBL’s current overall costs.

Estimate risks The Mineral Resources and Ore Reserves for KBL’s assets are estimates only and no assurance can be given that any particular recovery level of metals will in fact be realised. KBL’s estimates are prepared in accordance with the JORC Code, but they are expressions of judgement based on knowledge, experience and industry practice, and may require revision based on actual production experience which could in turn impact KBL’s mining plans. Estimates that are valid when made may change significantly when new information becomes available or commodity prices materially change.

Cost risks While every care has been taken in estimating the capital cost and future operating costs for KBL’s projects, including contingency, the actual costs structure experienced in constructing facilities and operating mines may vary from current estimates. Any variation could adversely impact KBL’s financial position and performance.

KBL has significant requirements for goods and services and it relies on being able to fulfil those requirements at a cost which does not materially negatively impact on its cash flows. A number of factors (such as rising oil prices, macro-economic factors such as inflationary expectations, interest rates, currency exchange rates, wage rates, equipment availability as well as global economic conditions and political trends) may lead to an increase in goods and services costs which may materially adversely impact the earnings of KBL.

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Exploration risks KBL has followed an exploration programme that has resulted in a doubling of Resources at Mineral Hill and an upgrade of Resources at Sorby Hills and new ore Reserves at Mineral Hill over the past year. However, exploration activities are speculative by nature and therefore are often unsuccessful. Such activities also require substantial exploration expenditure and can take several years before it is known whether they will result in additional mines being developed. Accordingly, if the exploration activities undertaken by KBL do not result in additional Resources or identified Resources cannot be converted into Reserves, there may be an adverse effect on KBL’s financial performance.

In addition, the exploitation of successful discoveries involves obtaining the necessary licences or clearances from relevant authorities that may require conditions to be satisfied and the exercise of discretion by such authorities. Further, the decision to proceed to further exploitation may require the participation of other companies whose interest and objectives may not be the same as those of KBL.

Investment risks There are risks associated with any securities investment. Securities listed on the stock market, and in particular securities of mining and exploration companies, have experienced extreme price and volume fluctuations that have often been unrelated to the operating performances of such companies. These factors may materially affect the market price of the securities regardless of KBL’s performance. The past performance of KBL is not necessarily an indication as to the future performance of KBL as the trading price of shares can go up or down. Neither KBL nor the directors warrant the future performance of KBL or any return on an investment in KBL.

KBL’s growth strategy may involve making acquisitions. Such acquisitions may not be as successful as envisaged when made, which may adversely impact the financial performance of KBL.

Foreign exchange rate risks KBL is an Australian business that reports in Australian dollars. Revenue is derived from the sale of commodities that are typically priced in US Dollars, but costs are mainly in Australian dollars. KBL has put in place some derivative financial instructions in an attempt to mitigate some of its foreign exchange rate risk, e.g. hedging the provisional payment on each shipment. However, movements in the USD/AUD exchange rate may adversely or beneficially impact KBL’s results of operations and cash flows in relation to unhedged currency and medium term currency movements.

Counterparty risk The financial performance of KBL is exposed to any failure by counterparties to agreements for the sale of commodities that KBL has entered into to comply with the terms of those contracts, and this is beyond the control of KBL.

In addition, there is a risk of financial failure or default by a participant in any joint venture to which KBL is or may become a party or the insolvency or managerial failure by any of the contractors used by KBL in any of its activities or the insolvency or other managerial failure by any of the other service providers used by KBL for any activity. There is a risk of legal or other disputes with participants in any joint venture to which KBL is or may become a party.

Risk of dilution Some existing institutional and sophisticated shareholders are being invited to participate in the Offer. Non-participation or participation below a shareholder’s pro-rata share will result in dilution.

Discretion in the use of capital The board and management of KBL have discretion concerning the use of KBL’s capital resources as well as the timing of expenditures. Capital resources may be used in ways not previously anticipated or disclosed. The results and the effectiveness of the application of capital resources are uncertain. If they are not applied effectively, KBL’s financial and/or operational performance may suffer.

Commodity prices and market fluctuation

KBL’s current and projected revenues and cash flows are largely derived from the sale of a variety of commodities such as copper, gold, silver, lead and zinc. Therefore, the financial performance of KBL is exposed to the fluctuations in the prices of these commodities.

These commodities may be influenced by numerous factors and events which are beyond the control of KBL, including increased global supply, decreased demand, currency exchange rates, general economic conditions, regulatory changes and other factors.

KBL has put in place hedging contracts for the provisional payment on each shipment in order to reduce its exposure to potential falls in commodity prices over the quotational period. KBL is still exposed to the commodity prices over future production. KBL cannot provide any assurance as to the prices it will achieve for its commodities in the future.

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Labour market risks KBL is dependent on a number of key management personnel and executives to manage the day-to-day requirements of its businesses. Although KBL enters into employment and incentive arrangements with such personnel to secure their services, it cannot guarantee the retention of their services. The loss of the services of one or more of such key management personnel could have an adverse impact on KBL.

KBL needs to be able to recruit appropriately skilled and qualified individuals. There can be no guarantee that personnel with appropriate skills will be available, particularly given the tightening labour market, an accelerating aging population, falling labour productivity levels and the current skills shortage.

Insurance risk KBL will endeavour to maintain insurance within ranges of coverage reasonable in KBL’s circumstances. However, in certain circumstances KBL’s insurance may not be of a nature or level to provide adequate cover. The occurrence of an event that is not covered or fully covered by insurance could have a material adverse impact on the business, financial condition and results of KBL.

Insurance of risks associated with minerals exploration and production is not always available and, where available, the costs can be prohibitive. There is a risk that insurance premiums may increase to a level where KBL considers it unreasonable or not in its interests to maintain insurance coverage or not to a level of coverage which is in accordance with industry practices. KBL will use reasonable endeavours to insure against the risks it considers appropriate for KBL’s needs and circumstances. However, no assurance can be given that KBL will be able to obtain such insurance coverage in the future at reasonable rates or that any coverage it arranges will be adequate and available to cover costs.

Environmental risk The operations and activities of KBL are subject to the environmental laws and regulations of Australia, and other places it may conduct business. As with most exploration projects and mining operations, KBL’s operations and activities are expected to have an impact on the environment, particularly if advanced exploration or mine development proceeds. KBL attempts to conduct its operations and activities to the highest standard of environmental obligation, including compliance with all environmental laws and regulations.

KBL is unable to predict the impact of additional environmental laws and regulations which may be adopted in the future, including whether any such laws or regulations would materially increase KBL’s cost of doing business or affect its operations in any area. However, there can be no assurances that new environmental laws, regulations or stricter enforcement policies, once implemented, will not oblige KBL to incur significant expenses and undertake significant investments which could have a material adverse impact on KBL’s business, financial condition and performance.

Changes in accounting policies Changes in accounting policies may have an adverse impact on KBL. There are no plans for any material change in accounting policies.

Dividends The payment of dividends, if any, is determined by the Board from time to time at its discretion, and is dependent upon the current and projected profitability and cash flow of KBL’s business at the time.

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RESOURCES AND RESERVES KBL Mining Ltd

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RESOURCES SUMMARY

Summary of Resource Tables on slides 46 to 53

Project mt Fe % Cu % Pb % Zn % Ag g/t Au g/t

Mineral Hill 5.2 1.2 1.6 0.9 37 1.33

Sorby Hills 16.7 4.5 0.7 52

Manbarrum 32.4 0.4 1.3 9

Constance Range 296 53.1

Project mt Fe (mt) Cu (t) Pb (t) Zn (t) Ag (oz) Au (oz)

Mineral Hill 5.2 61,082 83,298 47,599 6,119,832 222,490

Sorby Hills 16.7 751,500 116,900 28,012,903

Manbarrum 32.4 113,400 411,480 9,615,484

Constance Range 296.0 157.2

Grade

Contained metal

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MINERAL HILL MINE RESOURCES PART 1

Pearse

Tonnes

(thousands) Silver g/t Gold g/t Silver (oz) Gold (oz)

Indicated 226 84 6.7 611,430 48,769

Inferred 71 67 5.7 153,803 13,085

Total 298 80 6.5 765,232 61,853

Parkers Hill Sulphide

Tonnes

(thousands) Copper % Lead % Zinc % Silver g/t Gold g/t Copper (kt) Lead (kt) Zinc (kt) Silver (oz) Gold (oz)

Indicated 1,450 1.9 1.2 1.2 36 0.30 27.6 17.4 17.4 1,678,268 13,986

Inferred 50 1.6 1.1 2.4 48 0.20 0.8 0.6 1.2 77,162 322

Total 1,500 1.9 1.2 1.2 36 0 28.4 18.0 18.6 1,755,429 14,307

Parkers Hill Oxide

Tonnes


Indicated 900 0.7 3.7 0.4 67 0.04 5.9 33.6 3.4 1,925,957 1,157

Inferred 200 1.8 3.9 0.3 86 0.05 3.6 7.8 0.6 552,992 302

Total 1,100 0.9 3.7 0.4 70 0.05 9.5 41.4 4.0 2,478,949 1,460

ESOZ

Tonnes


Indicated 101 1.5 0.1 0.2 7 3.7 1.5 0.1 0.2 22,731 12,015

Inferred 214 2.1 0.1 0.1 8 5.1 4.5 0.2 0.2 55,042 35,089

Total 315 1.9 0.1 0.1 8 4.6 6.0 0.3 0.4 77,773 47,104

CategoryContained metalGrade

CategoryGrade Contained metal

Category


Grade Contained metal

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MINERAL HILL MINE RESOURCES PART 2

SOZ (Au Zone)

Tonnes


Measured 162 0.7 0.4 0.3 9 4.1 1.1 0.7 0.5 48,111 21,198

Indicated 74 0.8 0.9 1.0 18 3.9 0.6 0.7 0.7 43,705 9,231

Inferred 165 0.9 0.5 0.5 12 4.9 1.4 0.8 0.9 63,172 26,158

Total 400 0.8 0.5 0.5 12 4.4 3.2 2.1 2.1 154,988 56,587

SOZ (Cu / Au Zone)

Tonnes


Measured 479 1.4 0.6 0.4 14 1.1 6.8 2.7 2.0 216,065 17,094

Indicated 233 1.0 0.4 0.4 10 1.4 2.2 1.0 0.9 72,789 10,355

Inferred 150 1.0 0.5 0.3 11 1.5 1.6 0.7 0.5 53,497 7,018

Total 862 1.2 0.5 0.4 12 1.3 10.6 4.4 3.4 342,350 34,467

SOZ (Pb / Zn Zone)

Tonnes


Measured 90 0.7 3.1 2.4 29 0.4 0.7 2.8 2.2 82,916 1,103

Indicated 389 0.4 2.5 2.7 25 0.2 1.5 9.8 10.3 311,595 2,624

Inferred 220 0.3 2.4 3.1 21 0.3 0.7 5.2 6.8 148,472 1,767

Total 699 0.4 2.6 2.8 24 0.2 2.9 17.8 19.3 542,982 5,494

Cut-off grade 2.5g/t Au

Cut-off grade 1.5% Cu Eq.*

Cut-off grade 4% Pb+Zn




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MINERAL HILL MINE RESERVES

PARKERS HILL UNDERGROUND

Category Tonnes Copper % Zinc % Lead % Silver g/t Gold g/tContained

Copper (T)

Contained

Zinc (T)

Contained

Lead (T)

Contained

Silver (oz)

Contained

Gold (oz)

Probable 493,600 2.17 1.07 0.85 29.4 0.43 10,711 5,282 4,196 466,566 6,824

Category Tonnes Copper % Zinc % Lead % Silver g/t Gold g/tContained

Copper (T)

Contained

Zinc (T)

Contained

Lead (T)

Contained

Silver (oz)

Contained

Gold (oz)

Probable 343,000 1.27 1.89 1.91 49.2 0.13 4,356 6,483 6,551 542,563 1,434

Copper Reserve: Probable Reserves (@ 1% Copper Cut-off Grade)

Lead-Zinc-Low Copper Combined Zone: Probable Reserves (@ 3.5% Combined Lead-Zinc Cut-off Grade)

PEARSE PROJECT

Category Tonnes Silver g/t Gold g/t Contained Silver (oz) Contained Gold (oz)

Probable Primary 28,458 76 6.9 68,417 6,212

Oxide 18,244 14 4.4 8,102 2,546

Sub Total 46,702 52 5.9 76,519 8,758

Proven Primary 152,489 91 7.3 444,709 35,674

Oxide 36,049 16 6.5 18,519 7,523

Sub Total 188,538 77 7.2 463,228 43,198

TOTAL 235,240 72 6.9 539,746 51,956

Open Cut Reserves

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2.5% Lead cut-off Category

Tonnes Grade

(millions) Silver g/t Lead % Zinc %

Indicated 4.7 63 4.7 0.4

Inferred 12 48 4.5 0.9

Total

Indicated and Inferred 16.7 52 4.5 0.7

SORBY HILLS RESOURCES

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Sorby Hills Significant Results – Full Tables

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Sorby Hills Significant Results – Full Tables

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MANBARRUM RESOURCES

Djibitgan Oxide Zone

Sandy Creek Primary Zone

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CONSTANCE RANGE IRON ORE DEPOSIT

Tonnes Grade

Category (millions) Iron % Silica %

Phosphorus

%

Aluminium

Oxide % LOI % Within National

Park Inferred 59.59 52.7 10.58 0.02 1.64 11.28

Within Buffer Zone Inferred 131.95 53.1 10.51 0.02 2.09 11.11

Outside Buffer Zone Inferred 104.41 53.4 10.09 0.02 1.02 11.23

Total Inferred 295.96 53.1 10.38 0.02 1.63 11.19

Total (excluding

National Park) Inferred 236.37 53.2 10.33 0.02 1.62 11.16

Constance Range Iron Ore Deposit

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Contact Us

(02) 9927 2006

www.kblmining.com.au

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http://www.kblmining.com.au/

Documents

For personal use only - ASX · 2012-02-26 · DISCLAIMER Disclaimer This presentation has been prepared and issued by KBL Mining Limited (the ompany) . It contains general information