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Shane Mele Managing Director
ASX Code: KDR kidmanresources.com.au
FINDING THE NEXT GENERATION OF
HIGH GRADE MINERAL DEPOSITS
Broken Hill Conference - May 2014
1
Disclaimer
 Disclaimer: This Information Presentation has been prepared by Kidman Resources Ltd (ACN 143 526 095)
(“Kidman Resources” or “Company”) to provide prospective investors in the Company with general information to
assist them in deciding whether they wish to undertake their own investigation or consider a possible investment in the
Company. This Information Presentation is based on information and material collated, prepared by and supplied to
the Company and from publicly available information. The Company has not independently verified the reliability,
completeness or accuracy of certain of the information and materials contained in this Information Presentation and
does not represent that such information and materials are reliable, complete or accurate. This Information
Presentation is not a prospectus and does not constitute an offer or invitation or recommendation to any person and
has been prepared solely for use by persons who are deemed to be “sophisticated investors” as described in the
Corporations Act.
 JORC 2012 Compliance: All information provided in this presentation has been formally released to the ASX in
compliance with JORC requirements. The most recent document released to the ASX provides details and hyperlinks
relevant to all information provided in this presentation and can be accessed on the Company Website at hyperlink:
ASX Announcements. The company confirms that it is not aware of any new information or data that materially affects
the information included in the original market announcement(s).
2
Agenda
1. Brief Overview
2. Project Focus
3. What’s next?
4. Summary
Kidman Summary
3
Our aim: to discover and develop high grade base-precious metal deposits in Australia
 Melbourne based exploration company
 Two Advanced Projects that deliver drill results
 Home of Bullion, NT
 Browns Reef, NSW
 Pipeline of exciting targets within HOB & Browns
Reef corridors
 Small exploration team = 70% money in ground
ASX Code KDR
Shares on Issue 114.98M
Top 20 Shareholders 43%
Market Cap @ 0.07c* $8.05M
Cash+ $3.6M
Average Daily Volume (6 months) ~220,000
Admin/Corp Costs (per quarter) ~$180k
+ as of 31st March 2014 * stock price at 21st May 2014
4
Project Focus
Home of Bullion Deposit
(Cu-Pb-Zn-Ag-Au)
Browns Reef Deposit
(Zn-Pb-Cu-Ag-Au)
Hale River
Crowl Creek
 Barrow Creek Project, NT
Home of Bullion – Flagship asset
 Acquired May 2012 - 100% owned
 VMS deposit (Cu-Pb-Zn-Ag-Au)
 Multiple >4% copper intercepts
 Open along strike and down-dip
 Major infrastructure nearby
 Browns Reef Project, NSW
Browns Reef Deposit
 Acquired March 2014 - 100% owned
 Cobar style (Zn-Pb-Cu-Ag-Au)
 Large tonnage potential (>10Mt)
 Under valued and under explored
 Excellent infrastructure
Home of Bullion
Highlights so far…
 Drilled 116 drillholes for 25,948m
 Discovered blind massive sulphide zone (Southern Lode) using modern geophysics (FLEM)
 Delivered multiple high grade copper intersections
Main Lode: 9.7m @ 3.4% Cu, 0.83% Pb, 2% Zn, 41g/t Ag, 0.5g/t Au (HDD044)
10.5m @ 3.78% Cu, 1.15% Pb, 1.99% Zn, 53.28g/t Ag, 0.59g/t Au (HDD044W4)
Southern Lode: 26m @ 4.6% Cu, 5.5% Pb, 1.84% Zn, 142.9g/t Ag (HRC035) Discovery hole
7.4m @ 1.5% Cu, 1.8% Pb, 1.95% Zn, 62g/t Ag (HDD043W2)
 Main Lode drill tested to -600mbs & Southern Lode to -500mbs
 On track to deliver a maiden JORC Resource in 2014
5
6
Oblique View
Beneath surface and looking west
Southern Lode Main Lode
HDD043W3
4.5m @ 1.89% Cu, 0.17%
Pb, 0.4% Zn from 606m
-100m
-300m
-500m
Discovery Hole
HRC035
26m @ 4.61% Cu, 5.5% Pb,
1.84% Zn, 142.9g/t Ag
from 266m
HRC036
15m @ 5.9% Cu, 0.9%
Pb, 3.6% Zn, 37.3g/t Ag
from 57m
 Drilling tested to 500m
below surface and remains
open in all directions
 DHEM successfully defined
new targets (conductors)
 Plan to deliver Maiden JORC
Resource in 2014
 Further drilling required to
grow resource
HDD044
9.7m @ 3.43% Cu,0.82%
Pb, 2% Zn, 40.7g/t Ag
from 466.7m
HDD044W3
4.8m @ 7.54% Cu, 2.05% Pb,
3.39% Zn, 99.72g/t Ag, 1.17g/t Au
from 486.1m
Home of Bullion
7
HDD044W3 – Massive Sulphides on Main Lode
4.8m @ 7.54% Cu, 2.05% Pb, 3.39% Zn, 99.72g/t Ag, 1.17g/t Au
8
Home of Bullion Activities
NSW Projects
Cobar Superbasin – targeting high grade deposits
9
Cobar
Lake Cargelligo
Condobolin
 Hosts World Class Base Metal Deposits
 CSA 33Mt @ 4.2% Cu, 30g/t Ag
 Peak 7.3Mt @ 4.2g/t Au, 1% Cu, 6.7g/t Ag
 RIGHT ADDRESS
 Strong ground holding - 2,800km2
 Multiple targets: Browns Reef, Mt Boorithumble,
Wilga Grove, Anaconda, Jumble Plains, Belmore
 Established Infrastructure
 Supportive communities
Browns Reef trend
Browns Reef
Project
Crowl Creek Project
Browns Reef
Zn-Pb-Cu-Ag deposit
CSA
Peak
Mallee Bull
Nymagee
Mineral Hill
Mt Boorithumble
Wilga Grove
Anaconda
Blind Calf
Belmore
Jumble Plains
10
Browns Reef Project
(Zn-Pb-Cu-Ag)
 Acquired Browns Reef Deposit (100%)
and surrounding tenements (JV) - March 2014
 Contains multiple base metal prospects
 Mt Boorithumble
(single drill intercept of 3m @ 2% Pb, 2% Zn, 1.2%Cu, 115g/t Ag)
 Achilles
 Mt Tooronga Gossans
 >80kms Browns Reef Trend
 Potential exists for large tonnage deposits
 Underexplored and mostly under shallow cover
 Systematically explore the region
 modern geophysical surveys
 drilling
11
Browns Reef Deposit – Potential to Grow
 6kms continuous mineralisation
 Limited drilling below 150m
 3D Gravity Inversion model identifying
potential new target zones
 Drilling starts in June
6kms
MCG
58m @ 1.96% Zn, 0.93% Pb,
0.4% Cu, 18.9g/t Ag (BR018)
including
6m @ 11.4% Zn, 4.82% Pb,
1.2% Cu, 71g/t Ag
15.8m @ 1.45% Zn, 1.2% Pb,
0.14% Cu, 8 g/t Ag (WS001)
5.3m @ 2.2% Zn, 1% Pb, 0.1% Cu,
13 g/t Ag from 184.5m (BS001)
41.3m @ 3.1% Zn, 1.5% Pb, 0.1% Cu,
8g/t Ag from 292m (BR002)
including 20m @ 4.85% Zn, 2.2% Pb,
0.2% Cu, 11.8 g/t Ag
12
5.66% Pb, 7.8% Zn, 0.61% Cu, 85g/t Ag, & 0.05 Au g/t
10.8% Pb, 25.7 % Zn, 2.26% Cu,
5.11% Pb, 11.9% Zn, 1.57% Cu, 87g/t Ag, & 0.03 Au g/t
3.97% Pb, 9.6% Zn, 1.27% Cu, 61g/t Ag, & 0.09 Au g/t
2.86% Pb, 10.2% Zn, 1.35% Cu, 50g/t Ag, & 0.04 Au g/t
0.52% Pb, 2.98% Zn, 0.33% Cu, 11g/t Ag, & 0.06 Au g/t
BR018 – High Grade Zone
6m @ 11.36% Zn, 4.82% Pb, 1.23% Cu, 74.2g/t Ag
151g/t Ag, & 0.15 Au g/t
13
Crowl Creek Project
 Heli-VTEM max survey completed
 Multiple conductors identified
 Targets include;
 Belmore & Jumble Plains
(potential Tritton-style copper
deposits associated with ultramafic
complex)
 Wilga Grove
(potential Cobar-style with
coincident magnetic and gravity
high)
 First-pass AC drilling – low cost
Wilga Grove
Project Pipeline
Scoping
Study
Feasibility
studies
Rate & Rank
Gateway
Rate & Rank
Gateway
Prospect D
Wilmatha
Anaconda
Blind Calf
Bogong
South Yethera
China Workings
Long Panel
Pooraka
Walker’s Hill
Mooney’s
Pygmy Hill
Hale River
Knobby Hill
Browns Reef
Mulbangas
Wilga Grove
Jumble Plains
Donkey Creek
Browns Reef
Home of Bullion
Belmore
Mt Boorithumble
Achilles
Billys
15
Investment Highlights
 Acquired 2 Quality Projects with excellent growth potential – 100% owned
 Home of Bullion – high-grade copper in Emerging Arunta Province, NT
 Browns Reef – Cobar Basin NSW Proven World Class Mineral Province
 Potential to deliver JORC resource on 2 projects THIS YEAR!”
 Pipeline of equally exciting targets within HOB & Browns Reef corridors
 Cash in bank to advance projects - $3.6M
 Investor exposure to base metals
 Money spent drilling!
16
Thank-you
Thank-you
Contact Details:
Kidman Resources Limited
Level 4 Suite 3
100-120 Flinders Lane
Melbourne
Victoria 3000
Australia
Tel: +61 (0)3 9671 3801
Email:
info@kidmanresources.com.au
Website:
www.kidmanresources.com.au
17
Significant Results – Home of Bullion
Main Lode
Southern
Lode
Hole ID From (m) To (m) Interval (m) Cu % Ag (g/t) Pb % Zn % Au (g/t) CuEq %
HRC035 266 292 26m 4.61 142.9 5.5 1.84 8.18
HRC036 57 72 15 5.9 37.3 0.9 3.6
HRC067 69 73 4 2.6 42.9 2.7 0.22 3.85
HRC068 133 148 15 1 34.6 1.2 2.11 2.25
HRC069 49 59 10m 3.56 13.17 0.31 2.46 4.42
HRC070 154 160 6 2.1 17.2 0.43 1.52 2.8
HRC082 92 99 7 1.97 14.48 0.614 2.319 2.89
HDD043W2 569.6 577 7.4 1.5 62 1.81 1.95 3.2
HDD043W3 606 610.5 4.5m 1.89 8.86 0.178 0.431 2.15
Hole ID From (m) To (m) Interval (m) Cu % Ag (g/t) Pb % Zn % Au (g/t) Cu Eq %
HRC001 9 16 7 3.75 108.1 1.33 0.84 0.96 6.2
HRC005 105 111 6 4.3 103.6 2.03 6.96 0.48 8.1
HRC010 174 179 5 6.5 53 0.63 2.75 0.61 8.4
HRC011 95 101 6m 3.2 94 4.28 15.5 0.29 9.5
HDD038 24.9 29.3 4.4m 9 464.5 1.37 1.79 0.85 15.9
HDD040 31.95 35.8 3.85 13.7 70.7 1.01 0.9 0.51 15.35
HDD044 466.7 476.4 9.7 3.43 40.7 0.82 1.99 0.46 4.9
including 472 476.4 4.4 7.3 81.64 1.6 3.71 0.47 9.9
HDD044W3 480.4 490.9 10.5 3.78 53.28 1.15 1.99 0.6 5.6
including 486.1 490.9 4.8m 7.54 99.72 2.05 3.39 1.17 10.9
HDD044W5 457.3 460.3 3.2 5.22 56.87 1.88 7.97 0.78 8.89
18
Significant Results - Browns Reef
Hole ID From (m) To (m) Interval Cu % Pb % Zn % Ag (g/t) Location
BR0002 292 333.3 41.3 0.1 1.53 3.08 5.4 Browns Reef Deposit
including 302.7 322.7 20 0.2 4.85 2.2 11.8
BR0003 256 299.25 43.25 0.11 1.1 1.81 5.1 Browns Reef Deposit
BR0004 264.85 327.8 62.95 0.08 0.72 1.61 2.2 Browns Reef Deposit
BR0008 268 299 31 0.21 0.9 1.51 9.5 Browns Reef Deposit
BR0014 376 387 11 1.24 0.25 0.93 9.3 Browns Reef Deposit
including 376 379 3 3.03 0.28 0.6 18.6
BR0016 351 362 11 0.35 1.2 2.48 8.4 Browns Reef Deposit
BR0018 316 374 58 0.41 0.93 1.96 18.9 Browns Reef Deposit
including 368 374 6 1.2 4.82 11.4 74
BS0001 184.5 189.8 5.3 0.1 1 2.2 13 1.6km SE of Browns Reef
BS0002A 256.7 266 9.3 0.16 2.78 5.11 12.5 0.7km SE of Browns Reef
WS0001 415 459.3 44.3 0.11 0.7 0.8 5
including 443.5 459.3 15.8 0.14 1.2 1.45 5 1.4km NW of Browns Reef
19
Competent Person Statement
The information in this release that relates to exploration results and geological interpretation has been compiled by Mr
Shane Mele BSc, (Hons) M.Econ.Geol., MAusIMM. Mr Mele is a Member of the Australian Institute of Mining and Metallurgy
and has sufficient experience with the style of mineralisation, types of deposits under consideration, and to the activities
undertaken, to qualify as a competent person as defined in the 2012 Edition of the "Australian Code for the Reporting of
Exploration Results, Mineral Resources and Ore Reserves. Mr Mele consents to the inclusion in the report of the matters based
on his information in the form and context in which it appears.
Information regarding drilling/assaying data
1. Drilling was completed using a RC face sampling hammer or HQ/NQ diamond core.
2. Sample recoveries were considered adequate for all samples.
3. Drillcore has been, or is still to be, logged in detail based on lithology, mineralisation, and alteration.
4. Samples for analysis were collected by cone splitter sampling, hand spearing or by sawing core in half.
5. Samples were submitted as 4m composite chip samples, 1m chip samples or 1m half-core intervals unless a geological contact was used.
6. Samples were analysed at ALS Chemex utilising methods: Au‐AA26 for Au (fire assay); ME‐ICP41 for multi-element including Ag, Cu, Pb, Zn; Ag-OG46 for
>100 g/t Ag; Cu-OG46 for >1% Cu; Pb-OG46 for >1% Pb; and Zn-OG46 for >1% Zn.
7. Drillhole collars were surveyed by handheld GPS and will be surveyed in using a DGPS
8. Downhole surveys were collected using a single-shot reflex camera.
*Copper Equivalent Calculation Explanation:
• The copper equivalent (CuEq) calculation represents the total metal value for each metal, multiplied by the conversion factor, summed and expressed in
equivalent copper percentage. These results are exploration results only and no allowance is made for recovery losses that may occur should mining
eventually result, nor metallurgical flowsheet considerations.
• The copper equivalent calculation is intended as an indicative value only. Copper equivalent conversion factors and long‐term price assumptions used follow:
Copper Equivalent Formula (CuEq) = Cu% + Ag(ppm)x0.012 + Au(ppm)x0.625+ Pb%/Cu+Zn%/Cu;
• Price Assumptions‐ Cu (US$7,500/t), Ag (US$30/oz), Au (US$1,500/oz), Pb (US$1,900/t), Zn(US$1,900/t).

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Kidman Resources | ASX:KDR | RIS2014 Broken Hill Investor Presentation

  • 1. Shane Mele Managing Director ASX Code: KDR kidmanresources.com.au FINDING THE NEXT GENERATION OF HIGH GRADE MINERAL DEPOSITS Broken Hill Conference - May 2014
  • 2. 1 Disclaimer  Disclaimer: This Information Presentation has been prepared by Kidman Resources Ltd (ACN 143 526 095) (“Kidman Resources” or “Company”) to provide prospective investors in the Company with general information to assist them in deciding whether they wish to undertake their own investigation or consider a possible investment in the Company. This Information Presentation is based on information and material collated, prepared by and supplied to the Company and from publicly available information. The Company has not independently verified the reliability, completeness or accuracy of certain of the information and materials contained in this Information Presentation and does not represent that such information and materials are reliable, complete or accurate. This Information Presentation is not a prospectus and does not constitute an offer or invitation or recommendation to any person and has been prepared solely for use by persons who are deemed to be “sophisticated investors” as described in the Corporations Act.  JORC 2012 Compliance: All information provided in this presentation has been formally released to the ASX in compliance with JORC requirements. The most recent document released to the ASX provides details and hyperlinks relevant to all information provided in this presentation and can be accessed on the Company Website at hyperlink: ASX Announcements. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement(s).
  • 3. 2 Agenda 1. Brief Overview 2. Project Focus 3. What’s next? 4. Summary
  • 4. Kidman Summary 3 Our aim: to discover and develop high grade base-precious metal deposits in Australia  Melbourne based exploration company  Two Advanced Projects that deliver drill results  Home of Bullion, NT  Browns Reef, NSW  Pipeline of exciting targets within HOB & Browns Reef corridors  Small exploration team = 70% money in ground ASX Code KDR Shares on Issue 114.98M Top 20 Shareholders 43% Market Cap @ 0.07c* $8.05M Cash+ $3.6M Average Daily Volume (6 months) ~220,000 Admin/Corp Costs (per quarter) ~$180k + as of 31st March 2014 * stock price at 21st May 2014
  • 5. 4 Project Focus Home of Bullion Deposit (Cu-Pb-Zn-Ag-Au) Browns Reef Deposit (Zn-Pb-Cu-Ag-Au) Hale River Crowl Creek  Barrow Creek Project, NT Home of Bullion – Flagship asset  Acquired May 2012 - 100% owned  VMS deposit (Cu-Pb-Zn-Ag-Au)  Multiple >4% copper intercepts  Open along strike and down-dip  Major infrastructure nearby  Browns Reef Project, NSW Browns Reef Deposit  Acquired March 2014 - 100% owned  Cobar style (Zn-Pb-Cu-Ag-Au)  Large tonnage potential (>10Mt)  Under valued and under explored  Excellent infrastructure
  • 6. Home of Bullion Highlights so far…  Drilled 116 drillholes for 25,948m  Discovered blind massive sulphide zone (Southern Lode) using modern geophysics (FLEM)  Delivered multiple high grade copper intersections Main Lode: 9.7m @ 3.4% Cu, 0.83% Pb, 2% Zn, 41g/t Ag, 0.5g/t Au (HDD044) 10.5m @ 3.78% Cu, 1.15% Pb, 1.99% Zn, 53.28g/t Ag, 0.59g/t Au (HDD044W4) Southern Lode: 26m @ 4.6% Cu, 5.5% Pb, 1.84% Zn, 142.9g/t Ag (HRC035) Discovery hole 7.4m @ 1.5% Cu, 1.8% Pb, 1.95% Zn, 62g/t Ag (HDD043W2)  Main Lode drill tested to -600mbs & Southern Lode to -500mbs  On track to deliver a maiden JORC Resource in 2014 5
  • 7. 6 Oblique View Beneath surface and looking west Southern Lode Main Lode HDD043W3 4.5m @ 1.89% Cu, 0.17% Pb, 0.4% Zn from 606m -100m -300m -500m Discovery Hole HRC035 26m @ 4.61% Cu, 5.5% Pb, 1.84% Zn, 142.9g/t Ag from 266m HRC036 15m @ 5.9% Cu, 0.9% Pb, 3.6% Zn, 37.3g/t Ag from 57m  Drilling tested to 500m below surface and remains open in all directions  DHEM successfully defined new targets (conductors)  Plan to deliver Maiden JORC Resource in 2014  Further drilling required to grow resource HDD044 9.7m @ 3.43% Cu,0.82% Pb, 2% Zn, 40.7g/t Ag from 466.7m HDD044W3 4.8m @ 7.54% Cu, 2.05% Pb, 3.39% Zn, 99.72g/t Ag, 1.17g/t Au from 486.1m Home of Bullion
  • 8. 7 HDD044W3 – Massive Sulphides on Main Lode 4.8m @ 7.54% Cu, 2.05% Pb, 3.39% Zn, 99.72g/t Ag, 1.17g/t Au
  • 9. 8 Home of Bullion Activities
  • 10. NSW Projects Cobar Superbasin – targeting high grade deposits 9 Cobar Lake Cargelligo Condobolin  Hosts World Class Base Metal Deposits  CSA 33Mt @ 4.2% Cu, 30g/t Ag  Peak 7.3Mt @ 4.2g/t Au, 1% Cu, 6.7g/t Ag  RIGHT ADDRESS  Strong ground holding - 2,800km2  Multiple targets: Browns Reef, Mt Boorithumble, Wilga Grove, Anaconda, Jumble Plains, Belmore  Established Infrastructure  Supportive communities Browns Reef trend Browns Reef Project Crowl Creek Project Browns Reef Zn-Pb-Cu-Ag deposit CSA Peak Mallee Bull Nymagee Mineral Hill Mt Boorithumble Wilga Grove Anaconda Blind Calf Belmore Jumble Plains
  • 11. 10 Browns Reef Project (Zn-Pb-Cu-Ag)  Acquired Browns Reef Deposit (100%) and surrounding tenements (JV) - March 2014  Contains multiple base metal prospects  Mt Boorithumble (single drill intercept of 3m @ 2% Pb, 2% Zn, 1.2%Cu, 115g/t Ag)  Achilles  Mt Tooronga Gossans  >80kms Browns Reef Trend  Potential exists for large tonnage deposits  Underexplored and mostly under shallow cover  Systematically explore the region  modern geophysical surveys  drilling
  • 12. 11 Browns Reef Deposit – Potential to Grow  6kms continuous mineralisation  Limited drilling below 150m  3D Gravity Inversion model identifying potential new target zones  Drilling starts in June 6kms MCG 58m @ 1.96% Zn, 0.93% Pb, 0.4% Cu, 18.9g/t Ag (BR018) including 6m @ 11.4% Zn, 4.82% Pb, 1.2% Cu, 71g/t Ag 15.8m @ 1.45% Zn, 1.2% Pb, 0.14% Cu, 8 g/t Ag (WS001) 5.3m @ 2.2% Zn, 1% Pb, 0.1% Cu, 13 g/t Ag from 184.5m (BS001) 41.3m @ 3.1% Zn, 1.5% Pb, 0.1% Cu, 8g/t Ag from 292m (BR002) including 20m @ 4.85% Zn, 2.2% Pb, 0.2% Cu, 11.8 g/t Ag
  • 13. 12 5.66% Pb, 7.8% Zn, 0.61% Cu, 85g/t Ag, & 0.05 Au g/t 10.8% Pb, 25.7 % Zn, 2.26% Cu, 5.11% Pb, 11.9% Zn, 1.57% Cu, 87g/t Ag, & 0.03 Au g/t 3.97% Pb, 9.6% Zn, 1.27% Cu, 61g/t Ag, & 0.09 Au g/t 2.86% Pb, 10.2% Zn, 1.35% Cu, 50g/t Ag, & 0.04 Au g/t 0.52% Pb, 2.98% Zn, 0.33% Cu, 11g/t Ag, & 0.06 Au g/t BR018 – High Grade Zone 6m @ 11.36% Zn, 4.82% Pb, 1.23% Cu, 74.2g/t Ag 151g/t Ag, & 0.15 Au g/t
  • 14. 13 Crowl Creek Project  Heli-VTEM max survey completed  Multiple conductors identified  Targets include;  Belmore & Jumble Plains (potential Tritton-style copper deposits associated with ultramafic complex)  Wilga Grove (potential Cobar-style with coincident magnetic and gravity high)  First-pass AC drilling – low cost Wilga Grove
  • 15. Project Pipeline Scoping Study Feasibility studies Rate & Rank Gateway Rate & Rank Gateway Prospect D Wilmatha Anaconda Blind Calf Bogong South Yethera China Workings Long Panel Pooraka Walker’s Hill Mooney’s Pygmy Hill Hale River Knobby Hill Browns Reef Mulbangas Wilga Grove Jumble Plains Donkey Creek Browns Reef Home of Bullion Belmore Mt Boorithumble Achilles Billys
  • 16. 15 Investment Highlights  Acquired 2 Quality Projects with excellent growth potential – 100% owned  Home of Bullion – high-grade copper in Emerging Arunta Province, NT  Browns Reef – Cobar Basin NSW Proven World Class Mineral Province  Potential to deliver JORC resource on 2 projects THIS YEAR!”  Pipeline of equally exciting targets within HOB & Browns Reef corridors  Cash in bank to advance projects - $3.6M  Investor exposure to base metals  Money spent drilling!
  • 17. 16 Thank-you Thank-you Contact Details: Kidman Resources Limited Level 4 Suite 3 100-120 Flinders Lane Melbourne Victoria 3000 Australia Tel: +61 (0)3 9671 3801 Email: info@kidmanresources.com.au Website: www.kidmanresources.com.au
  • 18. 17 Significant Results – Home of Bullion Main Lode Southern Lode Hole ID From (m) To (m) Interval (m) Cu % Ag (g/t) Pb % Zn % Au (g/t) CuEq % HRC035 266 292 26m 4.61 142.9 5.5 1.84 8.18 HRC036 57 72 15 5.9 37.3 0.9 3.6 HRC067 69 73 4 2.6 42.9 2.7 0.22 3.85 HRC068 133 148 15 1 34.6 1.2 2.11 2.25 HRC069 49 59 10m 3.56 13.17 0.31 2.46 4.42 HRC070 154 160 6 2.1 17.2 0.43 1.52 2.8 HRC082 92 99 7 1.97 14.48 0.614 2.319 2.89 HDD043W2 569.6 577 7.4 1.5 62 1.81 1.95 3.2 HDD043W3 606 610.5 4.5m 1.89 8.86 0.178 0.431 2.15 Hole ID From (m) To (m) Interval (m) Cu % Ag (g/t) Pb % Zn % Au (g/t) Cu Eq % HRC001 9 16 7 3.75 108.1 1.33 0.84 0.96 6.2 HRC005 105 111 6 4.3 103.6 2.03 6.96 0.48 8.1 HRC010 174 179 5 6.5 53 0.63 2.75 0.61 8.4 HRC011 95 101 6m 3.2 94 4.28 15.5 0.29 9.5 HDD038 24.9 29.3 4.4m 9 464.5 1.37 1.79 0.85 15.9 HDD040 31.95 35.8 3.85 13.7 70.7 1.01 0.9 0.51 15.35 HDD044 466.7 476.4 9.7 3.43 40.7 0.82 1.99 0.46 4.9 including 472 476.4 4.4 7.3 81.64 1.6 3.71 0.47 9.9 HDD044W3 480.4 490.9 10.5 3.78 53.28 1.15 1.99 0.6 5.6 including 486.1 490.9 4.8m 7.54 99.72 2.05 3.39 1.17 10.9 HDD044W5 457.3 460.3 3.2 5.22 56.87 1.88 7.97 0.78 8.89
  • 19. 18 Significant Results - Browns Reef Hole ID From (m) To (m) Interval Cu % Pb % Zn % Ag (g/t) Location BR0002 292 333.3 41.3 0.1 1.53 3.08 5.4 Browns Reef Deposit including 302.7 322.7 20 0.2 4.85 2.2 11.8 BR0003 256 299.25 43.25 0.11 1.1 1.81 5.1 Browns Reef Deposit BR0004 264.85 327.8 62.95 0.08 0.72 1.61 2.2 Browns Reef Deposit BR0008 268 299 31 0.21 0.9 1.51 9.5 Browns Reef Deposit BR0014 376 387 11 1.24 0.25 0.93 9.3 Browns Reef Deposit including 376 379 3 3.03 0.28 0.6 18.6 BR0016 351 362 11 0.35 1.2 2.48 8.4 Browns Reef Deposit BR0018 316 374 58 0.41 0.93 1.96 18.9 Browns Reef Deposit including 368 374 6 1.2 4.82 11.4 74 BS0001 184.5 189.8 5.3 0.1 1 2.2 13 1.6km SE of Browns Reef BS0002A 256.7 266 9.3 0.16 2.78 5.11 12.5 0.7km SE of Browns Reef WS0001 415 459.3 44.3 0.11 0.7 0.8 5 including 443.5 459.3 15.8 0.14 1.2 1.45 5 1.4km NW of Browns Reef
  • 20. 19 Competent Person Statement The information in this release that relates to exploration results and geological interpretation has been compiled by Mr Shane Mele BSc, (Hons) M.Econ.Geol., MAusIMM. Mr Mele is a Member of the Australian Institute of Mining and Metallurgy and has sufficient experience with the style of mineralisation, types of deposits under consideration, and to the activities undertaken, to qualify as a competent person as defined in the 2012 Edition of the "Australian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Mele consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Information regarding drilling/assaying data 1. Drilling was completed using a RC face sampling hammer or HQ/NQ diamond core. 2. Sample recoveries were considered adequate for all samples. 3. Drillcore has been, or is still to be, logged in detail based on lithology, mineralisation, and alteration. 4. Samples for analysis were collected by cone splitter sampling, hand spearing or by sawing core in half. 5. Samples were submitted as 4m composite chip samples, 1m chip samples or 1m half-core intervals unless a geological contact was used. 6. Samples were analysed at ALS Chemex utilising methods: Au‐AA26 for Au (fire assay); ME‐ICP41 for multi-element including Ag, Cu, Pb, Zn; Ag-OG46 for >100 g/t Ag; Cu-OG46 for >1% Cu; Pb-OG46 for >1% Pb; and Zn-OG46 for >1% Zn. 7. Drillhole collars were surveyed by handheld GPS and will be surveyed in using a DGPS 8. Downhole surveys were collected using a single-shot reflex camera. *Copper Equivalent Calculation Explanation: • The copper equivalent (CuEq) calculation represents the total metal value for each metal, multiplied by the conversion factor, summed and expressed in equivalent copper percentage. These results are exploration results only and no allowance is made for recovery losses that may occur should mining eventually result, nor metallurgical flowsheet considerations. • The copper equivalent calculation is intended as an indicative value only. Copper equivalent conversion factors and long‐term price assumptions used follow: Copper Equivalent Formula (CuEq) = Cu% + Ag(ppm)x0.012 + Au(ppm)x0.625+ Pb%/Cu+Zn%/Cu; • Price Assumptions‐ Cu (US$7,500/t), Ag (US$30/oz), Au (US$1,500/oz), Pb (US$1,900/t), Zn(US$1,900/t).