Kasbah Resources Limited is an emerging tin producer with two tin assets in Morocco. It has $28.5 million in cash and is funded to advance its flagship Achmmach tin project through a definitive feasibility study by the end of 2013. Kasbah also has exploration upside at its 100%-owned Bou El Jaj project located 15km from Achmmach. Toyota Tsusho Corporation can earn a 20% interest in Achmmach by making staged payments totaling $16 million and signing a joint venture agreement.

1. Kasbah Resources Limited
An
Emerging
Tin Producer
Diggers & Dealers
Kalgoorlie – 6 August 2012

2. DISCLAIMER
Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the future financial or operating performance of the Company and its
projects, constitute forward-looking statements. All statements, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “anticipate”,
“contemplate”, “target”, “plan”, “intend”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements.
Forward-looking statements include, among other things, statements regarding targets, estimates and assumptions in respect of tin or other metal production and prices, operating costs and
results, capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates. Forward-looking statements are necessarily based upon a number of estimates
and assumptions related to future business, economic, market, political, social and other conditions that, while considered reasonable by the Company, are inherently subject to significant
uncertainties and contingencies.
Many known and unknown factors could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements. Such
factors include, but are not limited to: competition; mineral prices; ability to meet additional funding requirements; exploration, development and operating risks; uninsurable risks; uncertainties
inherent in ore reserve and resource estimates; dependence on third party smelting facilities; factors associated with foreign operations and related regulatory risks; environmental regulation
and liability; currency risks; effects of inflation on results of operations; factors relating to title to properties; native title and aboriginal heritage issues; dependence on key personnel; and share
price volatility and also include unanticipated and unusual events, many of which are beyond the Company’s ability to control or predict.
For further information, please see the Company's most recent annual financial statement, a copy of which can be obtained from the Company on request or at the Company's website:
www.kasbahresources.com.
The Company disclaims any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. All forward-looking
statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance
and, accordingly, not to put undue reliance on such statements.
COMPETENT PERSON’S STATEMENT
The information in this report is based on information compiled by Mr. Chris Bolger a Member of the Australasian Institute of Mining and Metallurgy. Mr. Bolger is a full-time employee of
Kasbah Resources Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to
qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Bolger consents to the
inclusion in the report of the matters based on this information in the form and context in which it appears.
The information in this report which relates to Mineral Resources is based on information compiled by Michael V. McKeown who is a Fellow of the Australasian Institute of Mining and
Metallurgy. Michael McKeown is employed by Mining One Pty Ltd and he has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to
the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”
(JORC Code). Michael McKeown consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
The information in this report that relates to Mining Inventory is based on information reviewed by Mr Bill Frazer, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr
Frazer is a Director and Employee of Mining One Consultants Pty Ltd. Mr Frazer has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration
and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves (JORC Code).
Messrs Bolger, Frazer and McKeown consent to the inclusion in this report of the matters based on information provided by them and in the form and context in which it appears.
2

3. Presentation Rule # 1
We don’t pay attention ….. to boring things
33

4. Clear strategy
2 tin assets
Team
6 Competitive Advantages
$ 28.5 M cash Funding options
Strategic partner
4

5. KASBAH – Corporate Snapshot
Top 20 Shareholders Shareholders Who Need Tin
IFC (World Bank) 15.8 % Transamine (trader) 3.3 %
African Lion 15.1 %
Traxys (trader) 3.3 %
Mgmt. & Directors 3.1 %
Thaisarco (smelter) 2.0 %
Balance top 20 23.8 %
ASX : KAS
Capital Structure Cash
Shares on Issue 396 M
Options on Issue 11.5 M $28.5M
Market Cap (@20cps) 79.1 M
5

6. KASBAH – Our Team
Mike Spratt Wayne Bramwell Rod Marston Rob Weinberg Ian McCubbing Gary Davison
Non - executive Managing Non - executive Non - executive Non - executive Non - executive
Chairman Director Director Director Director Director
Mike Kitney Chris Bolger Trevor O’Connor
Chief Operating GM Exploration & CFO & Company
Officer Resource Dev Secretary
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7. TIN – 4 Reasons To Be A Bull
“ We believe that the LME price will recover and continue to forecast that
it will move back above US$25,000 / t next year. ”
BNP Paribas 27 July 2012
 Tin majors struggling
 Production declining
 Cost of production increasing
 Few new, sustainable projects in
development
7

8. LME TIN Price – 4th peak approaching?
US$/t
Production
40,000 costs
increasing
35,000
30,000
Mine grades
25,000
reducing
20,000
Reducing impact
15,000 of artisanal mining
10,000 Input cost
inflation
5,000
Historic
0
under-investment
1900 1920 1940 1960 1980 2000 2012 2016
8

9. ACHMMACH – A Strategic Tin Asset
■ New, sustainable tin sources are rare
■ Achmmach is largest undeveloped
hard rock tin project in the world
■ Current Inferred and Indicated
resources total 14.6 Mt @ 0.9% Sn for
135,000 tonnes contained
■ Growth - Meknes and Sidi Addi Trends
■ DFS initiated
9

10. 10

11. El Hammam
Fluorite Mine
Kasbah
Exploration
Base
Achmmach
Project
15km
Bou El Jaj
Project
A virgin tin field
11

12. ACHMMACH – 2 parallel tin systems Sidi Addi
Trend
14.6 Mt @
0.9% Sn
Meknes for 135,000 t
Trend
12
12

13. ACHMMACH – Meknes Trend Wireframes
East
West
13

14. ACHMMACH – Major uplift in contained tin
200
180
160
140
181
120
153
100
135
80
60 82 89 92
40 48 54 58
20
(HR) (HR)
0
(HR) (HR)
SRZ (Tails)
KAS (Tails)
Tin CSD (HR)
VMS (HR) (HR)
Resource/Reserve MLX
(kt) Minsur
KAS
MLX
* Source - Company Presentations and ASX releases Minsur
14

15. ACHMMACH – PFS Mine Design ( Mar 12 Resource Model )
600m
vertical
depth
West ≈ 1.6km of strike East
15

16. Achmmach – A New Generation Tin Mine
PFS Parameter Units PFS Value
Mining inventory A Mt 6.626
Mined ore tin grade % Sn 0.93
Average mill throughput Mtpa 1.0
Initial Mine Life Years 6.6
Tin Recovery % 74
Average tin in concentrate production tpa 6,880
A – mining inventory includes inferred and indicated mineral resources that have had mining dilution and recovery
factors applied creating an inventory of potential stope and development tonnes.
DFS targets
■ Increased mine life
■ Optimised surface layout and mine plan
■ Optimised flowsheet and metallurgy
16

17. Exploration Upside – Bou El Jaj & Sidi Addi
Bou El Jaj (BLJ)
 15km from Achmmach
 Low cost acquisition - 100% Kasbah
 Extensive HG tin outcrop
Sidi Addi Trend
 Parallel system to Meknes Trend
 2km of strike
17

18. Oh what a feeling ! - Toyota Tsusho JV
Toyota Tsusho Corporation (TTC) trades ≈ 8% of
global tin market.
 TTC can earn 20% interest in Achmmach by
making 4 staged payments and signing a JV
agreement
 Kasbah has received T0 + T1 + T2 = $16,000,000
 T3 due 90 days post completion of DFS
 Development funding opportunity through
JOGMEC
18

19. KASBAH – The Value Proposition
 2 tin assets
 $28.5M in cash
 Toyota Tsusho as strategic partner for
Achmmach
 Development funding options through
strategic partner, existing shareholders
and IFC (World Bank)
 Organic exploration upside
 Team with tin pedigree
19

20. KASBAH – Milestones Ahead
Bou El Jaj
 Q3 2012 - drilling commences
Achmmach
 Q4 2012 - Bulk met work starts KASBAH
 Q1 2013 – Resource upgrade stay tuned
 Q1 2013 – Engineering starts
 Q4 2013 – DFS complete
20

21. www.kasbahresources.com
Keep Calm
and
ASX
Carry On
KAS Talk Tin with Kasbah
@ Booth 100
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