KLG Presentation

8/2/2019 KLG Presentation

1/23

Kalimantan Gold Corporation Limited

AIM & TSX.V: KLG

Peter Bojtos, Chairman

Gerald Cheyne, Director Corporate Development

[email protected]

+44 (0)771 747 3168
mailto:[email protected]:[email protected]


2/23

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Disclaimer

Kalimantan Gold Corporation Limited "KLG" has taken all reasonable care in producing and publishing information contained inthis presentation. Material in this presentation may still contain technical or other inaccuracies, omissions, or typographical errors, forwhich 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 butnot 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 thepossibility of damage, arising from your use, or inability to use, the material on this site. The information is not a substitute forindependent 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 expresspermission.

No stock exchange has reviewed the information in this presentation and no stock exchange accepts responsibility for the adequacyor 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. investorsare cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

All technical data disclosed in this presentation have been reviewed by Peter Pollard a consultant to the Company and a Qualif iedPerson as defined by National Instrument 43-101.

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 resultsmay differ materially from those currently anticipated in such statements


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Exploration Projects

Kalimantan Project Locations

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Joint Ventured and new Projects

Copper

JV withFreeport McMoRan Copper Gold (www.fcx.com )

$7m in first 3 years for 51% interest; $3m in year 1

Sole fund to Feasibility Study for additional 24%

Subscribed $350k for KLG shares at 14c per share in May 2011

If Freeport stops funding, loses equity interest for 1% royalty up tosums spent. KLG to be operator

If decision to mine is taken, if either party declines to fund its share,its equity will be assigned to other party for 1% NSR.

Requirement to deep drill 3 sites; spend $0.5m delineation drilling atBeruang Kanan

Gold

JV withTigers Realm Minerals drilling to BFS

$6m for 70%; $1.5m in 1st18 months; subject to forestry permit beingissued by 16 Nov 2011

Tigers to complete Feasibilty Study by IUP expiry date, June 2015, orlose interest for royalty up to 2x investment.

Both parties to fund their share of development costs post BFS butTigers will use best commercial endeavours to arrange projectfinance for up to a maximum of 75% of the Companys funding

requirements for the project.

New Projects. KLG evaluating 3 early stage copper gold and gold projects


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Notable deposits Grasberg, Tombulilato, Bulagidun, Elang, Batu Hijau, and Tujuh Bukit occur along East-West trendingarcs and collisional settings.

KSK Copper project is located along the Kalimantan Arc where it trends E-W.

Regional Economic Copper-Gold Porphyry Systems


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Project Overview KSK Copper Project

KSK Copper Project KSK Copper Project

Key features of the KSK Copper Project include:

Located in Central Kalimantan and covers an area of 620km2

; 6th generation Contact of Works title ownership;

Expiry date is 30 years after commencement of mining;

38 prospects; 36,000 m of drilling completed to date; $16.4 mill spent;

Significant mineralisation already drill tested

3D inversion modelling identified targets for several world-class copper porphyrydeposits;

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NorthMansur

FEZDangoi Kalang

Volcano

Tumbang Huoi

Focus 1

Kalang

Low ZoneGold Zone

BaroiMANSUR

BERUANG TENGAH

BERUANG KANAN

Beruang South

DerajoiNabalang

Rinjen

Liang Bulau II Liang Bulau I

Sama Tuan

Copper ProspectGold Prospect

Mamuring


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Kalimantan Gold

Project Overview Copper sample highlightsBeruang (BK) and Baroi (BF)

Hole From To Meters CU (%) Au (g/t) Ag (g/t)

BK 2

includes

4.50

4.50

171.0

97.5

167.0

93.0

0.59

0.75 - -

BK 3 6.5 85.5 79.0 0.89 - -

BK-4

includes

6.00

18.00

111.0

81.00

105.0

63.0

0.53

0.65- -

BK 5

includes

3.0

3.0

105.0

66.0

102.0

63.0

0.62

0.75- -

BK-18 89.90 197.80 108.0 0.32 - -

KBK-21 16.6 60.6 44.0 0.58 - -

KBK-28

includes

0.0

4.50

61.00

10.0

61.0

5.50

0.21

-

-

7.7

-

BF 5

includes

2.4

40.4

85.4

64.4

83.0

24.0

2.64

5.08

0.220.02

61.1

88.5

BF 9 6.8 36.8 30.0 2.18 0.05 53.7

BF28/030includes

1.0

1.0

42.8

12.0

41.8

11.0

3.18

11.5

0.16

0.24

101

296

BF Channel - - 9.0 14.03 0.10 464.3

BF Float - - - 16.40 17.3 460.0


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Freeports 3D Magnetic Inversion modeling,S Mansur

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Profile viewshowinginversionimage and

drill holes inblue


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Deep Drilling KSK Copper Project

Recent 3D magnetic inversionmodelling has identified massivemagnetic bodies coincident with

existing geological data and belowdrilling to date

Program to drill deep drill holes toprove identified targets at:

BeruangKananPorhyry Cu-AuProspect (target at depth of 500Mtat 0.5%-0.6% Cu); (4,000m by

2,000m)

Beruang Tengah Porhyry Cu-AuProspect (1,000m by 1,300m);

Tumbang Huoi Porphyry Cu-AuProspect (5,000m by 2,500m);

Location and Magnetic Images of Key Prospects

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Delineation JV Terms

Deep Drilling (US$m)

a $3.0m must be spent in first 12months deep drilling first 3 targets


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Deep Drilling Target KSK Copper Project

The Beruang Kanan Deposit also formspart of the deep drilling program.

There are several untested geophysicaltargets defined by induced polarization(IP) chargeability highs identified by

KLG

Overall exploration target for the

Beruang Kanan prospect is >500Mt at 0.5% - 0.6% Cu

.

Beruang Kanan Deep Drilling Program

Proposal: One of two proposed holes (1000m to 1400m) to be drilled to test a

strong IP response, coincident with copper and molybdenum in soils atsurface, that was incompletely tested by Oxiana hole KBK0028 (13.5m

@0.65%Cu & 3.30gpt Au). Coincident apophasis of magnetic high.

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SECTION LOOKING NORTH, IP CHARGEBILITY, MAG INVERSION AND CU IN SOIL


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Beruang Kanan Deposit

Believed to be the source of the widespread (4,000m by 2,000m) copper mineralization defined by geochemistry and remainsuntested by drilling.

Comparison to the Oyu Tolgoi copper project in Mongolia, indicates the potential scale of the deposit.

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BK2:4.50 - 171.50m, 167m @ 0.59% Cu,including 9m @ 2.39% Cu

OTD-150:508m @ 0.81% Cu,and 1.17 g/t Au

OTD-010:36.5m @ 0.69% Cu,and 1.16 g/t Au


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KSK Copper Project Beruang Tengah

A zone of intense quartz-sericite (phyllic)

alteration and sheeted sulphide-quartzveinlets surrounds a central zone ofpotassic (biotite-magnetite) alteration.

Classical porphyry-style quartzstockwork veins crop out at lowelevations.

500m northwest of Beruang Tengah, a1,000m long zone coincides with a zoneof anomalous gold (>0.1g/t Au) in soils

and a 600m wide zone of highlyanomalous copper (>500ppm) in outcrop.

Anomalous gold (>0.1g/t Au) in rock chipsamples closely follows the copperanomaly, whereas anomalousmolybdenum (>50ppm) is associatedwith the central potassic and sericite-chlorite alteration assemblages.

Beruang Tengah Porphyry Copper-Gold Prospect

The east west magnetic anomaly at Berang Tengah extends for 8000m throughBeruang Kanan and has not been tested.

Proposal: Drill one deep hole (1,400m) to test porphyry copper-gold target,represented by high copper/moly in surface RC, and previous DDH withextensive porphyry-style alteration, weak-moderate stockwork, andincreasing Cu/Mo with depth.

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SECTION LOOKING NORTH, MAG INVERSION AND MOLYBDENUM IN RC

Au Zone


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KSK Copper Project Tumbang Huoi

Tumbang Houi Prospect is located in the

southwest of the KSK Copper Project.

DD8: 45m @ 400ppm Cu. Quartz stockwork andpotassic alteration logged in hole.

Below: Photo of core from DH8

Tumbang Huoi Porphyry Copper-Gold Prospect

The geology at Tumbang Houi is characteristic of a caldera setting.Cu,Au,Mo mineralization within quartz veins assoc with potassic alteration.

3D inversion modeling shows a 5,000m by 2,500m magnetic body that isuntested.

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43-101 - KSK Copper Project

KSK Copper Project Beruang Kanan

Beruang Kanan Chalcopyrite Mineralisation

Beruang Kanan Open Pit Prospect

Beruang Kanan is a high-sulphidation copper system exposed at the surface.

Several magnetic anomalies at depth at the Main Zone remains untested by drilling.

Believed to be the source of the widespread (4,000m by 2,000m) coppermineralization defined by geochemistry and drilling to date.

Beruang Kanan Drilling highlights:

BK2 167meters at 0.59% Cu, including: 93 metres at 0.75% Cu;

BK3 79 metres at 0.89% Cu; and

BK4 105m at 0.53% Cu, including: 63 metres at 0.65% Cu.

Beruang Kanan JV Delineation Drilling Exploration Target:

250Mt at 0.5-0.6% Cu target has been determined using available surfacesampling and drill hole data.

Minimum JV expenditure in first 12 months $500,000

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Exploration Targets Tonnes

(kt)

Grade

(% Cu)

Contained metal

(kt)(mid-point)

Beruang Kanan subject todelineation drilling

250,000 0.5-0.6% 1,375

Beruang Kanan overallexploration target

500,000 0.5-0.6% 2,750


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43 101 KSK Copper Project

The figure adjacentillustrates the location of

the proposed drill holesat Beruang Kanandesigned to delineate the250Mt delineationexploration target.

The delineation drilling

program would requireup to 110 drill holesspaced approximately100 metres apart.

KLG estimate the cost toconvert 250Mt of the

Beruang Kanan target toa 43-101 resource to beUS$2.0m.

Beruang Kanan Delineation Drilling

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15/23

Project Overview Jelai Gold Project

Jelai Gold Project Overview

The Jelai Gold Project is a series of low sulphidation epithermalveins with anomalous precious metal values hosted withinandesitic volcanics.;

IUP to explore till June 2015;

7 major veins and numerous subsidiary veins with a cumulativestrike length of more than 5kms;

13,959 m of drilling completed to date;

126 holes completed to date;

Potential to yield a major epithermal gold deposit, comparable inscale to the Vera-Nancy Project (Queensland) that has produced2.3Moz Au to date, plus 11 other highly prospective targets.

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The figure opposite shows drillresult highlights from the MewetProspect.

The Mewet Prospect containsseveral mineralised veins.

At least 5 gold bearing shootsappear to have been discovered.

There is a clear potential for furtherdiscoveries in several kilometres ofuntested quartz veins.

Work on the Mewet vein has showna vertical extent of at least 200metres for the precious metal zone.

There appears to be a majoruntested potential at depth inknown shoots.

Mewet Drill Results Plan View

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The figure adjacent illustrates the drillholes proposed under the delineationdrilling program. Additional explorationdrilling will be undertaken initially.

The proposed delineation drillingprogram would consist ofapproximately 40 drill holes and aim todelineate a resource of 400koz Au.

Of which 87koz Au of the 400koz Auexploration target requires no furtherdrilling.

Drilling would take place at the Mewet,South Sembawang, Nyabi and Lipanveins.

KLG estimate the cost of delineating the400koz Au exploration target isapproximately US$1.5m

Proposed Mewet Prospect Drill Holes

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Jelai Gold Project Resembles Vera Nancy

The Vera-Nancy Project is considered geologically similar and of comparable scale to the Mewet vein system.

After an extensive drilling program, the Vera Nancy Project has thus far produced 2.3 million ounces of gold.

Mewet is open to north, south and down dip. Lipan, Sumbawang, Nyabi and Obi veins and Balangan silica cap are yet to be tested.


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Infrastructure and Operating in Indonesia


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Infrastructure and Operating in IndonesiaProjects and Planned Rail System

Xxxx

Infrastructure

KSK Copper Project:

Two separate access roads of approximately 100km.

Saleable product could be transported by road to either township of TumbangSamba or Kuala Kurun (both with jetty points for 8,000 tonne barges), and thenbarged to the coast.

In the longer term, should the KSK Copper Project move towards a larger scale,there are several infrastructure development options considered to be suitable.

Jelai Gold Project:

Located in East Kalimantan and accessible by road and future production will

be able to be transported to port facilities at Tarakan (50km) by using acombination of road and barge transport.

Operating in Indonesia

KLG has developed close working relationships at all levels of society, from thelocal communities surrounding its project areas to the highest tier of decisionmaking.

KLG has been working in advance of mining to foster good relationships andstrengthen local capacity to self manage across various community aspectsincluding linking villages with local government services and linking donoragency support to the needs of communities.

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Possible Concentrate PipelinePossible Concentrate Pipeline


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Corporate

Capital Structure and Shareholders* Capital Structure and Shareholders

Market capitalisation of 6.2m at 3.75p/ C$ 9.9m at 6c.

2.5 million shares issued at 14c for C$350,000 to Freeport in April 2011

Raised 800k December 2010 by issuing 16.125m shares at 5p

Raised C$662k during July 2010 by issuing 13 million common shares at C$0.05.

During FY09 raised US$1.3 million from two private placements totalling 29 millioncommon shares, 17 million in April 2009 and 12 million in December 2009, atissue prices of C$0.05 per share.

5 million common shares were issued in May 2009 at C$0.05 per share toextinguish US$220k accounts payable.

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Units Value

Share price(AIM)

GBp 3.75p

Shares M 165.407

Options M 9.181

Market cap. 6.2m C$9.9m

Debt Nil Nil

Major Shareholders (%)

Rahman Connelly (Director) 4.6

Murray Clapham (Former Director) 2.0

Faldi Ismail (Director) 1.6

Mansur Geiger (Employee) 0.9

Golden Oak Corporate 0.6

Peter Bojtos (Director) 0.2

Doris Meyer (Director) 0.0

*Source: Bloomberg


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Corporate

Board of Directors

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Name and Position Brief

Peter Bojtos

Director and Non-

executive Chairman

Appointed on 17 September 2009.

Professional engineer with over 38 years of worldwide experience in the mining industry.

Background in corporate management as well as all facets of the industry from exploration through to feasibility to mine

construction, operation and decommissioning.

Independent director of several mining and exploration companies. Resident of USA.

Faldi Ismail

Deputy Chairman and

CEO

Appointed non-executive director in September 2009; appointed Deputy Chairman and CEO in April 2011.

Extensive current experience of the coal sector in Kalimantan, Indonesia where KLG is active.

Prior to this he has worked as a corporate consultant specialising in the restructure and recapitalisation of a wide range of ASX-

listed companies.

Currently a director of several ASX-Listed companies (Kangaroo Resources Limited, Coventry Resources Limited and Energio

Limited).

Doris Meyer

Director and CFO

Involved with KLG since 1997. Initially as Corporate Secretary, then Chief Financial Off icer, becoming a director in 2000.

Extensive experience in the mining industry, is a Member of the Associations of the Certified General Accountants of British

Columbia and Canada.

Broad network of contacts in financial markets in North America and Europe, which will serve KLG well in its next stage of

growth and financing. Resident of Canada.

Rahman Connelly

Director

Deputy Chairman and CEO from 2006 until April 2011.

A businessman with experience in the financial services sector prior to joining KLG.

He was a founding director of Connelly Temple, an Australian specialist pension fund management business which introduced

an innovative product offering and had $850 million under management with some 60,000 members by 1996. In that year the

business was sold to Royal & Sun Alliance of the UK.

In 1997 Rahman became an investor in KLG, taking over as CEO in 2006.

He was instrumental in bringing the company to the London AIM market to complement its TSX-V listing and has focused on

expanding the company's gold and copper prospects in Indonesia.


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KSK Copper Project

JV with Freeport-McMoRan Copper and Gold, worlds largest publically listed copper company

$7m in first 3 years for 51% interest; $3m in year 1; sole fund to BFS for additional 24%;

Significant mineralisation already drill tested;

Deep potential indicated by the recent 3D magnetic inversion modelling;

Deep target at Beruang Kanan 500Mt at 0.5-0.6% Cu;

43-101 drilling at Beruang Kanan to delineate a surface target 250Mt at 0.5-0.6% Cu; KLG to be operator;

Ready to mobilize 1500m capable drill rigs pending issuance of forestry permits.

Jelai Gold Project

JV with Tigers Realm Minerals

$6m by IUP expiry for 70% of equity; $1.5m in first 18 months; must fund drilling up to Bank Feasibility Studyto retain equity; otherwise royalty up to 2x investment; subject to forestry permit by 16 Nov 2011;

Significant drilling intercepts already recorded.

Material upside potential from each project

Downside protection from having two independent projects

Summary

KLG Presentation

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