Exploring Resource Rich Indonesia
Kalimantan Gold Corporation
Gerald Cheyne, Director Corporate Development October 2008
Disclaimer
General Disclaimer
Kalimantan Gold
Kalimantan Gold Corporation Limited "KLG" has taken all reasonable care in producing and publishing information contained in this presentation. Material in this presentation may still contain technical or other inaccuracies, omissions, or typographical errors, for which KLG assumes no responsibility. KLG does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information in this presentation. Under no circumstances, including, but not limited to, negligence, shall KLG be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information in this presentation, except for personal use unless you have obtained our express permission. No stock exchange has reviewed the information in this presentation and no stock exchange accepts responsibility for the adequacy or accuracy of it. This presentation contains information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines generally prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. Forward-Looking Statements This presentation contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Coal
East Kalimantan
Gold
East Kalimantan
Kalimantan Gold Copper
Central Kalimantan
Coal
East Kalimantan
Gold
East Kalimantan
Kalimantan Gold Copper
Central Kalimantan
Options over 9 coal concessions
Replacing oil as an energy source 80% of Chinas and Indias electricity Indonesia largest thermal coal exporter 60% from East Kalimantan ooa world hot spot for coal Demand has produced oosharp price increases
Palangka Raya Tarakan
Coal
Samarinda Balikpapan
Option Agreement with Mesra Group
Kalimantan Gold
Coal
9 concessions totaling ,,,32,545ha Located in areas where coal ,,,occurrences known to exist Some adjacent to, or along ,,,strike, from existing mines Some within 7 km of port ,,,facilities
Option Agreement terms
Kalimantan Gold Kalimantan Gold
Coal
Option period to 12th Jan 2009 j Upon option exercise: Mesra 25%, KLG 70% and GMT 5% (incentive shares) j Upon decision-to-mine, bonus payment to Mesra based on JORC reserve tonnage
Prospect locations in relation to major mines
Kalimantan Gold
Coal
KGC Concessions
Surveys and drilling confirm coal potential
Kalimantan Gold
Coal
Work underway in association with GMT Indonesia which manages several coal exploration projects in Kalimantan Field Surveys completed on 9 concessions 7 holes drilled at PT Emas Hitam Coalhindo, Mandul Island, with multiple seams to four meters thick, confirm significant, commercial thermal coal occurrences High calorie coal showings at PT Central Indo Coal and PT Tenjin Sejahtera concessions. Starting early October, 6 holes will be drilled in each of these
The Coal Opportunity
Kalimantan Gold
Coal
Mandul Island:
further drilling to increase resource potential three additional concessions totalling 8,000 ha are under application
PT Central Indo Coal and PT Tengin Sejahtera concessions:
drilling to test prospective areas for their resource potential
Surveys and evaluations underway on several near bproduction projects Exercise options and develop coal resource 9
Coal
East Kalimantan
Gold
East Kalimantan
Copper
Kalimantan Gold
Central Kalimantan
Jelai epithermal gold project
Jelai Gold Project Previously explored by Ivanhoe Mines (Indochina) 12 prospects over 5,000 ha only one drilled Work to date confirms potential for a major resource
Palangka Raya Samarinda Balikpapan
Jelai
Tarakan
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Jelai project prospect areas
Kalimantan Gold
Gold
12 prospects Low sulphidation nepithermal vein system nstyle of mineralization Right geological setting, nie sediments and nvolcanics intruded by ndacite porphyries
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Mewet Vein System - completed and planned drilling
Kalimantan Gold
Gold
12
Mewet Prospect - Ivanhoe drilling
Hole From 26.3 57.0 38.3 67.5 69.3 115.0 185.1 58.1 60.7 To 28.4 58.7 40.2 69.0 70.8 119.5 191.2 59.4 60.9 Metres 2.1 1.7 1.9 1.5 1.5 4.5 6.1 1.3 0.1 Au g/t 6.9 11.1 7.5 7.3 7.4 6.4 5.7 8.4 54
Kalimantan Gold
Gold
Ag g/t 16 10 13 14 20 8 15 3 18
26 holes over 4000 m ,,,depths to 200 m Bonanza grades to ,,,54g/t gold Less than 5% of 5 km strike ,,,length drilled
JM011 JM012 JM013 JM015 JM015 JM018 JM019 JM024 JM024
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Mewet Prospect sample KLG drilling
Kalimantan Gold
Gold
73 holes drilled over ,,,6500m ,,, 4 rigs working 24/7 Drilling includes ,,,Bonanza mineralization ,,,of 0.75m @ 62.3 g/t ,,,Au 256 g/t Ag Deep drilling underway
Hole JCM-69
including
From 22.75 22.75 36.65 12.55 42.00 43.40 32.00 26.45 21.95 23.45
To 28.75 23.50 39.10 18.50 47.20 44.60 36.75 34.50 27.35 24.95
Metres 6.00 0.75 2.45 5.95 5.20 1.20 4.75 8.05 5.40 1.50
Au g/t 15.84 62.27 4.45 2.15 5.60 17.33 10.43 4.52 11.74 30.68
Ag g/t 81.19 256.00 11.03 4.20
Vein Mewet Mewet Sembawang Central
JCM-68 JCM-27 JCM-26
includes
2.70 Sembawang 7.50 Central 14.60 2.74 5.05 13.80 Sembawang South Lipan Lipan
JCM-13 JCM-50 JCM-38
includes
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Comparing Vera-Nancy and Mewet veins
Kalimantan Gold
Gold
Mewet vein system comparable in scale to Vera-Nancy, part of the Pajingo mine in northeastern Australia Mewet gold shoot is open north, south down dip Vera-Nancy production to date: 2.3M Oz
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Comparing Vera-Nancy and Mewet veins
Kalimantan Gold
Gold
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Jelai - Summary
Kalimantan Gold
Gold
Work to date confirms potential for ,,,a major resource Extensive scout drilling has ,,,produced highly encouraging ,,,results and targets for deeper ,,,drilling 4 rigs working 24/7 Estimated initial inferred ,,,resource by end of 2008
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Coal
East Kalimantan
Gold
East Kalimantan
Kalimantan Gold Copper
Central Kalimantan
KSK Contract of Work (CoW)
941 km2 Summary of exploration work since 1997: 38 prospects identified and magnetic surveys 265 km of IP and magnetic surveys 35,558 m of drilling Nearly 20,000 samples sent for sent for analysis
Tarakan
KSK CoW
Palangka Raya
Samarinda Balikpapan
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KSK Contract of Work
Large scale intense copper mineralisation over 38 prospects Beruang Kanan 167m @ 0.59% Cu Baroi 83m @ 2.64% Cu
North Mansur Mansur
Kalimantan Gold
Copper
Copper Prospect Gold Prospect
Liang Bulau II Liang Bulau I
Sama Tuan
Nabalang Derajoi Mamuring Focus 1 Dangoi FEZ Kalang Rinjen
BAROI . mineralisation shows similarities with that which occurs in similar arc-related settings in Indonesia and the south-west Pacific, which are known to host economically significant copper deposits. SRK Competent Persons Report, 2006
BERUANG
Beruang Tengah Gold Zone Low Zone Beruang South
Volcano Tumbang Huoi
KSK: sample Baroi prospect drill results
Kalimantan Gold
Copper
The Baroi Central Zone prospect has produced significant drill results and contains a number of untested targets according to a Jan 2008 report by Dr Peter Pollard
Hole BF-4 BF-5 Incl. BF-9 BF28/030 Incl. BF29/033 BF040 BF0048
From 52.75 2.45 40.45 6.80 1.00 1.00 27.95 36.30 154.50
To 76.75 85.45 64.45 36.80 42.85 12.05 64.90 67.30 184.50
Meters 24.00 83.00 24.00 30.00 41.85 11.05 36.95 31.00 30.00
Cu (%) 1.53 2.64 5.08 2.18 3.18 11.05 0.73 1.04 1.1
Pb (%) 0.25 0.62 0.04 0.07 0.99 1.64 1.08 0.59 0.2
Zn (%) 2.27 1.85 1.24 0.37 1.85 2.55 0.02 2.9 0.8
Ag(g/t) 28.6 61.1 88.5 53.7 101 296 144.7 29.6 29.4
Au(g/t) 0.13 0.22 0.02 0.05 0.16 0.24 0.23 0.17 0.02
KSK summary
Kalimantan Gold
Copper
Discovered a new copper porphyry province Limited Oxiana program has left substantial untested potential KLG currently seeking jv partner that will commit funds for a thorough programme
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Community Development our social license
Kalimantan Gold
Working in advance of mining to foster good relationships & strengthen local capacity using a Hand Up approach Building local capacity to self manage ,,,village development Linking villages with local government ,,,services Link donor agency support to the needs ,,,of communities Providing technical support to improve ,,,livelihoods Programs currently operating in 24 ,,,villages
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Directors and Senior Management
Kalimantan Gold
Murray Clapham Chairman
Rahman Connelly Deputy Chairman, CEO
Doris Meyer CFO
Peter Bojtos Director
Mansur Geiger VP Exploration
Brett Gunter Technical Advisor, Jelai
Gerald Cheyne Director Corporate Development
Bardolf Paul Community Development
Nick Cottam Corporate Relations Manager
Dr Peter Pollard Technical Adviser
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In summary the KLG opportunity
Kalimantan Gold
Coal
East Kalimantan
Option over 9 concessions Coal confirmed - quick to production
Gold
East Kalimantan
Significant intercepts resource estimate by end 2008
Copper
Central Kalimantan
Potential for large porphyry seeking a new JV partner 24
Share Structure
Kalimantan Gold
AIM & TSX.V code: KLG
Shares outstanding Warrants Options Fully diluted
75.0 million 650,000 6.9 million 82.5 million
Kalimantan Investment Corporation Management
Retail and Institutional Holders
Note: KGC is acquiring 25% of KSK CoW from Kalimantan Investment Corporation in exchange for 20 million shares
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Contact
Kalimantan Gold
Gerald Cheyne, Director Corporate Development Office +44 (0) 2077311806 Mobile +44 (0) 7717473168 Email: [email protected] www.kalimantan.com
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