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KIMBER ANNOUNCES UPDATED PRELIMINARY ASSESSMENT AND MINERAL RESOURCE ESTIMATE FOR MONTERDE GOLD-SILVER PROJECT, MEXICO

June 8, 2011

Reduced open pit size and strip ratio, increase in measured mineral
resource for Carmen Deposit

After tax IRR of 40.6% and 2 year payback at $1100 gold and $19 silver

VANCOUVER, June 8, 2011 /PRNewswire/ – Kimber Resources Inc. (NYSE AMEX:KBX,
TSX:KBR) is pleased to announce that it has received the results of an
updated independent Preliminary Assessment (“PA”) prepared by Micon
International Limited. (“Micon”), with assistance by Kirkham Geosystems
Ltd., Knight Pi©sold Consulting Ltd. and various consultants employed
directly by Kimber on its 100% owned Monterde project, located in
Mexico’s Sierra Madre mining district.  This National Instrument 43-101
compliant PA is based on the updated mineral resource estimate for the
Carmen deposit and the existing mineral resource estimate for the Veta
Minitas deposit at Monterde prepared by Micon. The PA is based on
combined open pit and underground mining and a focus on the high grade
gold-silver mineralization and demonstrates significantly improved
financial outcomes compared to the initial PA, a summary of which was
discussed in a news release issued by Kimber on June 2, 2010.

“We continue to make progress in reducing project development risk and
improving projected financial returns at Monterde,” said Gordon
Cummings, President & CEO of Kimber.  “In the updated PA, the open pit
strip ratio has been reduced by more than 50%, the open pit is smaller,
and in-pit measured mineral resources now comprise 30% of open pit
tonnage, with measured and indicated (“M&I) mineral resources making up
80% of open pit tonnage, and having significantly higher gold and
silver grades than the inferred mineral resources.  These improvements
have reduced both the open pit cash costs per tonne and project capital
expenditures, leading to a faster payback and higher internal rate of
return (“IRR”), even when using the 2010 PA gold and silver price
estimates.  The higher metals prices used in the updated PA (being
US$1100/oz gold and US$19/oz silver) demonstrate the degree of leverage
that Monterde has to rising gold and silver prices.  Moreover, the
revised PA does not incorporate any results from our 2011 drilling
program, which have the potential to further increase gold and silver
mineral resources and enhance project economics.”

Highlights of the Updated Preliminary Assessment for Monterde

        --  Before tax (at prices of US$1100 per ounce of gold and US$19
            per ounce of silver):
      o IRR of 47.9% with undiscounted net cash flows of US$585 million;
      o Project net present value ("NPV") (at an 8% discount rate) of
        US$295 million.
        --  After tax (at prices of US$1100 per ounce of gold and US$19 per
            ounce of silver):
      o IRR of 40.6% with undiscounted net cash flows of US$430 million;
      o Project NPV (at an 8% discount rate) of US$211.9 million;
      o Payback of pre-production capital and operating costs within 2
        years.
        --  After tax (at near spot prices of US$1500 per ounce of gold and
            US$35 per ounce of silver):
      o IRR of 71.9% with undiscounted net cash flows of US$876.9 million;
      o Project NPV (at an 8% discount rate) of US$471.8 million;
      o Payback of pre-production capital and operating costs after 1 year
        --  Pre-production capital of US$100.1 million, with total
            life-of-mine capital cost of US$119.3 million, including a
            total contingency amount of US$28.3 million.
        --  Total mine life of 15.5 years, with combination of open pit and
            underground production for 9.3 years at an average mill
            throughput of approximately 2,800 tonnes per day, followed by
            underground only for 6.2 years, with average mill throughput of
            approximately 1,000 tonnes per day.
        --  Average annual production of 58,400 ounces of gold and 1.9
            million ounces of silver for the first 9 years of production.
        --  Life-of-mine cash costs of US$151 per ounce of gold, with
            silver as a by-product credit, and total costs of production,
            including capital costs, of US$311 per ounce of gold, with
            silver as a by-product credit.
        --  Average annual production of 90,400 gold equivalent ounces for
            the first 9 years of production
        --  Total production of 744,000 gold ounces and 20.2 million ounces
            of silver over the total mine life of 15.5 years
        --  Life-of-mine cash costs of US$450 per gold equivalent ounce and
            total costs of production for life-of-mine, including capital
            costs, of US$538 per gold equivalent ounce.

The mine plan in the updated PA involves a combination of open pit and
underground mining, with material processed in a mill in order to
maximize recoveries. Further information regarding key mine plan
parameters and assumptions used in this Preliminary Assessment as well
as information relating to mineral resources for the Carmen deposit is
included in an appendix to this news release.

Economic Analysis

The economic assessment in the PA is preliminary in nature and uses
inferred mineral resources that are considered too speculative
geologically to have the economic considerations applied to them that
would enable them to be categorized as mineral reserves, and there is
no certainty that this preliminary economic assessment will be
realized. The inferred mineral resource used in the mine plan
represents 32% of the total life-of-mine (“LOM”) mineral resource.

Analysis of various price scenarios and varying discount rates before
tax

     ___________________________________________________________________
    |                                            |     Pre-Tax Results  |
    |____________________________________________|______________________|
    |Case                                        |Case 1| Case 2 |Case 3|
    |____________________________________________|______|________|______|
    |Gold price per ounce (US$)                  |$1,100| $1,500 |$1,050|
    |____________________________________________|______|________|______|
    |Silver price per ounce (US$)                |  $19 |   $35  |  $18 |
    |____________________________________________|______|________|______|
    |IRR                                         |47.9% |  86.0% |44.1% |
    |____________________________________________|______|________|______|
    |Undiscounted net cash flows (US$ millions)  |$585.1|$1,205.5|$527.7|
    |____________________________________________|______|________|______|
    |NPV 5% discount rate (US$ millions)         |$377.3| $812.7 |$337.5|
    |____________________________________________|______|________|______|
    |NPV 8% discount rate (US$ millions)         |$295.0| $655.8 |$262.2|
    |____________________________________________|______|________|______|
    |NPV 10% discount rate (US$ millions)        |$251.7| $572.9 |$222.6|
    |____________________________________________|______|________|______|

Case 1 is base case
Case 2 is near spot May 31, 2011
Case 3 is 3 year trailing average to March 31, 2011

Analysis of various price scenarios and varying discount rates after tax

     _______________________________________________________________
    |                                          |  After Tax Results |
    |__________________________________________|____________________|
    |Case                                      |Case 1|Case 2|Case 3|
    |__________________________________________|______|______|______|
    |Gold price per ounce (US$)                |$1,100|$1,500|$1,050|
    |__________________________________________|______|______|______|
    |Silver price per ounce (US$)              |  $19 |  $35 |  $18 |
    |__________________________________________|______|______|______|
    |IRR                                       |40.6% |71.9% |37.5% |
    |__________________________________________|______|______|______|
    |Undiscounted net cash flows (US$ millions)|$430.2|$876.9|$388.9|
    |__________________________________________|______|______|______|
    |NPV 5% discount rate (US$ millions)       |$273.9|$587.4|$245.2|
    |__________________________________________|______|______|______|
    |NPV 8% discount rate (US$ millions)       |$211.9|$471.8|$188.3|
    |__________________________________________|______|______|______|
    |NPV 10% discount rate (US$ millions)      |$179.2|$410.7|$158.2|
    |__________________________________________|______|______|______|

Case 1 is base case
Case 2 is near spot May 31, 2011
Case 3 is 3 year trailing average to March 31, 2011

Gold equivalent ounces referred to in the updated PA are based on prices
of US$1100/oz gold and US$19/oz silver for recovered ounces, giving a
ratio of 57.9 to convert recoverable silver ounces to gold equivalent
ounces. After refining charges, net revenue per payable ounce has a
ratio of 58.7 to 1. Gold equivalent ounces referred to in the mineral
resource estimate tables are based on a ratio of gold to silver of 58.3
to 1.

Mineral resources within the updated PA proposed pit of the Carmen
Deposit

As a result of re-estimating the mineral resources within the updated
open pit, a portion of the total was classified in the measured
category, as shown in the tables below:

Mineral Resource Estimate for Carmen Deposit within the 2011 Open Pit
-Measured

(At Various Cut-off Grades)

     _____________________________________________________________________
    |Cut-off Grade|      |                  Grade       | Contained Metal |
    |(Recoverable |Tonnes|______________________________|_________________|
    |  AuEq1g/t)  |(000s)|Gold |Silver|Recoverable AuEq1| Gold |   Silver |
    |             |      |(g/t)|(g/t) |      (g/t)      | (oz) |    (oz)  |
    |_____________|______|_____|______|_________________|______|__________|
    |      0.10   | 5,070| 0.49|  62.4|             1.01|80,500|10,174,700|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.20   | 3,430| 0.69|  82.8|             1.42|75,900| 9,128,800|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.30*  | 2,540| 0.88| 102.4|             1.84|71,700| 8,365,400|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.40   | 2,120| 1.02| 115.9|             2.14|69,300| 7,899,700|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.50   | 1,800| 1.16| 129.5|             2.43|67,000| 7,493,400|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.60   | 1,570| 1.29| 142.1|             2.72|65,300| 7,172,500|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.70   | 1,410| 1.41| 152.0|             2.95|63,700| 6,888,500|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.80   | 1,320| 1.48| 158.0|             3.10|62,700| 6,703,500|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.90   | 1,240| 1.55| 163.6|             3.24|61,700| 6,524,000|
    |_____________|______|_____|______|_________________|______|__________|
    |      1.00   | 1,170| 1.62| 169.1|             3.38|60,900| 6,359,700|
    |_____________|______|_____|______|_________________|______|__________|

(1) Note 1:  Gold Equivalent or “AuEq” g/t is based on assumed metal prices
of US$1050/oz gold and US$18/oz silver and estimated gold and silver
recoveries for each block, using the following formula:
AuEq g/t = (Gold Grade * Gold Recovery %) + ((Silver Grade * Silver
Recovery %) * 18/1050)
Note 2:  Columns with headings “Gold (g/t)”, “Silver (g/t)”, “Gold
(ozs)” and “Silver (ozs)” all relate to contained metal and are before
metallurgical recoveries are applied.
*Base case

The mineral resources used in this updated PA were estimated by Gary
Giroux P.Eng., Senior Associate of Micon, in April 2011 based on drill
data up to October 2009 and the only difference to the October 2009
database used for the Carmen mineral resource estimate of November 2009
is the addition of 49 surface trench assays from November 2010 that
were added to increase the available grade information near surface. 
This updated mineral resource estimate used for this updated PA
resulted in no material changes to total mineral resources for gold and
silver in the measured plus indicated or inferred categories. More
complete details of the mineral resource estimates used in this updated
PA are shown in the appendix to this news release.

Compliance with National Instrument 43-101

Mineral resources that are not mineral reserves do not have demonstrated
economic viability.  Mineral resource estimates do not account for
mineability, selectivity, mining loss and dilution.  These mineral
resource estimates include inferred mineral resources that are
considered too speculative geologically to have economic considerations
applied to them that would enable them to be categorized as mineral
reserves. There is also no certainty that these inferred mineral
resources will be converted to the measured and indicated categories
through further drilling, or into mineral reserves, once economic
considerations are applied.

Qualified Persons

The following qualified persons, as defined in National Instrument
43-101, were involved in the preparation of the PA and have read and
approved the relevant technical portions of this news release:

        --  Mr. Richard Gowans, P. Eng., President and Metallurgical
            Engineer of Micon International Limited., Ontario, Canada
        --  Mr. Jim Leader, P. Eng., Senior Mining Engineer of Micon
            International Limited., British Columbia, Canada
        --  Mr. Christopher Jacobs, CEng, MIMMM of Micon International
            Limited., Ontario, Canada
        --  Mr Mike Godard, P. Eng., Senior Metallurgist for Micon
            International Limited., British Columbia, Canada
        --  Mr. Garth Kirkham, P.Geo., Principal Consultant of Kirkham
            Geosystems Ltd., British Columbia, Canada
        --  Mr Jeremy Haile, P. Eng., President and Civil Engineer of
            Knight Pi©sold Ltd, British Columbia, Canada
        --  Mr Gary Giroux P.Eng., Senior Associate of Micon International
            Limited, British Columbia, Canada

The technical information in this news release has been prepared in
accordance with Canadian regulatory requirements set out in National
Instrument 43-101 and reviewed by Mr. Petrus (Marius) Mare P.Geo.,
Vice-President Exploration of the Company.

About Kimber

Kimber owns mineral concessions covering in excess of 39,000 hectares in
the prospective Sierra Madre gold-silver belt, including the Monterde
property, where three gold-silver mineral resources have already been
defined. The most advanced of these, the Carmen deposit, has been
extensively drilled and has undergone detailed geologic modeling. The
completion of the Preliminary Assessment for Monterde in 2010
represented a significant step forward for Kimber and is expected to
lead to further development and more advanced economic studies at the
Monterde deposits including the completion of a pre-feasibility study
during 2011.

Forward looking statements

Statements in this release may be viewed as forward-looking statements,
including statements regarding estimates of mineral resources at
Monterde, the preliminary assessment of the Monterde project, the
conversion of inferred mineral resources to measured and indicated
mineral resources, the conversion of mineral resources to mineral
reserves, life of mine estimates, the potential for gold and silver
mineral resources in the Carmen and Veta Minitas deposits and other
targets within the Monterde project, the further development, expected
results and future economic assessments of the Monterde project. When
used in this press release, the words “expect”, “intend”, “hopes”,
“should”, “believe”, “may”, “will”, “if”, “anticipates”, “potential
for”, “potentially”, “suggests” and similar expressions are intended to
identify forward-looking statements. Such statements involve risks and
uncertainties that could cause actual results to differ materially from
those projected. Such risks and uncertainties include, among others,
uncertainty of mineral reserve and resource estimates, risks relating
to fluctuations in the price of gold, the inherently hazardous nature
of mining-related activities, potential effects on Kimber’s operations
of environmental regulations in the countries in which it operates,
risks due to legal proceedings, risks relating to political and
economic instability in certain countries in which it operates, risks
related to the use of inferred mineral resources in the preliminary
assessment, and uncertainty of being able to raise capital on
favourable terms or at all, as well as those risk factors discussed
under the headings “Cautionary Note Regarding Forward-Looking
Statements” and “Risk Factors” in Kimber’s latest Annual Report on Form
20-F as recently filed on SEDAR and EDGAR.  There are no assurances the
Company can fulfil such forward-looking statements and the Company
undertakes no obligation to update such statements, except as required
by law. Such forward-looking statements are only predictions; actual
events or results may differ materially as a result of risks facing the
Company, some of which are beyond the Company’s control.

The technical information in this news release has been prepared in
accordance with Canadian regulatory requirements set out in National
Instrument 43-101 and reviewed by Mr. Petrus (Marius) Mare P.Geo.,
Vice-President Exploration of the Company.  The exploration activities
at the Monterde project site are carried out under the supervision of
Mr. Mare, who is the designated Qualified Person under National
Instrument 43-101 for the Monterde project. Mr. Petrus (Marius) Mare,
Vice-President Exploration, is the designated Qualified Person (Q.P.)
for the Monterde project being responsible for quality control and has
verified the data being disclosed. He has determined that the
laboratory reports matched the drill sample logs and that the quality
control assays fall within reasonable limits. QA/QC procedures
incorporate blanks and duplicates inserted at the drill and standards
inserted after sample preparation. Sample preparation was done by ALS
Chemex at its Chihuahua laboratory.  Pulps are analyzed by ALS Chemex
at its laboratory in North Vancouver, British Columbia, using 50 gram
sub-samples, using fire assay with an AA finish for gold and four-acid
digestion and ICP finish for silver from a 0.4 gram subsample. High
grade gold or silver intervals are re-assayed by fire assay with
gravimetric finish.

Cautionary Note to U.S. Investors – The United States Securities and
Exchange Commission permits U.S. mining companies, in their filings
with the SEC, to disclose only those mineral deposits that a company
can economically and legally extract or produce.  Kimber Resources uses
certain terms on its website (and certain press releases), such as
“measured,” “indicated,” and “inferred,” “resources,” which the SEC
guidelines strictly prohibit U.S. companies from including in their
filings with the SEC.  U.S. Investors are urged to consider closely the
disclosure under the heading “Cautionary Note to U.S. Investors
Regarding Mineral Reserve and Resource Estimates” in our latest annual
report on Form 20-F which may be secured from us, or from the SEC’s
website at
http://www.sec.gov/edgar.shtml.

Appendix of Supporting Information
To accompany Kimber News Release Dated June 8, 2011

1. Key mine plan parameters and assumptions

The following table details some of the key mine plan parameters and
assumptions used in this Preliminary Assessment:

     ____________________________________________________________________
    |Project parameters                              |         Amounts   |
    |________________________________________________|___________________|
    |Total tonnes of mill feed produced              |      11,674,000   |
    |________________________________________________|___________________|
    |Mill processing rate years 1 to 9               |       2,800 tpd   |
    |________________________________________________|___________________|
    |Mill processing production rate years 10 to 16  |       1,000 tpd   |
    |________________________________________________|___________________|
    |Open Pit                                        |                   |
    |- Tonnes of mill feed produced                  |       5,948,000   |
    |________________________________________________|___________________|
    |                                                |                   |
    |- Average gold grade                            |         1.12g/t   |
    |________________________________________________|___________________|
    |                                                |                   |
    |- Average silver grade                          |         98.7g/t   |
    |________________________________________________|___________________|
    |                                                |                   |
    |- Strip ratio                                   |           6.25    |
    |________________________________________________|___________________|
    |Underground                                     |                   |
    |- Tonnes of mill feed produced                  |       5,725,000   |
    |________________________________________________|___________________|
    |                                                |                   |
    |- Average gold grade                            |         3.16g/t   |
    |________________________________________________|___________________|
    |                                                |                   |
    |- Average silver grade                          |         85.0g/t   |
    |________________________________________________|___________________|
    |Average Gold recovery * open pit                |            95%    |
    |________________________________________________|___________________|
    |Average Silver recovery * open pit              |            62%    |
    |________________________________________________|___________________|
    |Average Gold recovery * underground             |            96%    |
    |________________________________________________|___________________|
    |Average Silver recovery* underground            |            58%    |
    |________________________________________________|___________________|
    |Recoverability after losses in solution and dor©|                   |
    |refining losses                                 |          98.5%    |
    |________________________________________________|___________________|
    |Total recoverable gold production (ounces)      |         748,100   |
    |________________________________________________|___________________|
    |Total recoverable silver production (ounces)    |      20,580,000   |
    |________________________________________________|___________________|
    |Payability factor - gold                        |          99.5%    |
    |________________________________________________|___________________|
    |Payability factor - silver                      |          98.0%    |
    |________________________________________________|___________________|
    |Mine Life                                       |      15.5 years   |
    |________________________________________________|___________________|
    |Initial capital                                 |  US$100.1 million |
    |________________________________________________|___________________|
    |Life-of-mine capital                            |  US$119.3 million |
    |________________________________________________|___________________|
    |Average annual gold production                  |                   |
    |________________________________________________|___________________|
    |- First 9 years                                 |    58,400 ounces  |
    |________________________________________________|___________________|
    |- LOM                                           |    50,000 ounces  |
    |________________________________________________|___________________|
    |Average annual silver production                |                   |
    |________________________________________________|___________________|
    |- First 9 years                                 |1.9 million ounces |
    |________________________________________________|___________________|
    |- LOM                                           |1.3 million ounces |
    |________________________________________________|___________________|
    |Total mining operating cost open pit LOM        |US$14.50 /t milled |
    |________________________________________________|___________________|
    |Total mining operating costs underground LOM    |US$40.07 /t milled |
    |________________________________________________|___________________|
    |Processing Cost                                 |US$13.88  /t milled|
    |________________________________________________|___________________|
    |G&A                                             | US$0.98 /t milled |
    |________________________________________________|___________________|
    |Corporate Tax Rate                              |            28%    |
    |________________________________________________|___________________|

* Gold and silver recoveries are calculated as an average excluding losses
in solution and refining dor© losses which are detailed separately
above (losses in solution and refining dor© losses total 1.5% for both
gold and silver).

Gold equivalent ounces referred to in the updated PA are based on prices
of US$1100/oz gold and US$19/oz silver for recovered ounces, giving a
ratio of 57.9 to convert recoverable silver ounces to gold equivalent
ounces. After refining charges, net revenue per payable ounce has a
ratio of 58.7 to 1. Gold equivalent ounces referred to in the mineral
resource estimate tables are based on a ratio of gold to silver of 58.3
to 1.

2. Mineral resources within the updated PA proposed pit of the Carmen
Deposit

The mineral resources used in this updated PA were estimated by Gary
Giroux P.Eng., Senior Associate of Micon, in April 2011 based on drill
data up to October 2009 and the only difference to the October 2009
database used for the Carmen mineral resource estimate of November 2009
is the addition of 49 surface trench assays from November 2010 that
were added to increase the available grade information near surface. 
This updated mineral resource estimate used for this updated PA
resulted in no material changes to total mineral resources for gold and
silver in the measured plus indicated or inferred categories.

However, as a result of re-estimating the mineral resources within the
updated open pit, a portion of the total was classified in the measured
category, as shown in the tables below:

Mineral Resource Estimate for Carmen Deposit within the 2011 Open Pit
-Measured

(At Various Cut-off Grades)

     _____________________________________________________________________
    |Cut-off Grade|      |                  Grade       | Contained Metal |
    |(Recoverable |Tonnes|______________________________|_________________|
    |  AuEq1g/t)  |(000s)|Gold |Silver|Recoverable AuEq1| Gold |   Silver |
    |             |      |(g/t)|(g/t) |      (g/t)      | (oz) |    (oz)  |
    |_____________|______|_____|______|_________________|______|__________|
    |      0.10   | 5,070| 0.49|  62.4|             1.01|80,500|10,174,700|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.20   | 3,430| 0.69|  82.8|             1.42|75,900| 9,128,800|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.30*  | 2,540| 0.88| 102.4|             1.84|71,700| 8,365,400|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.40   | 2,120| 1.02| 115.9|             2.14|69,300| 7,899,700|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.50   | 1,800| 1.16| 129.5|             2.43|67,000| 7,493,400|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.60   | 1,570| 1.29| 142.1|             2.72|65,300| 7,172,500|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.70   | 1,410| 1.41| 152.0|             2.95|63,700| 6,888,500|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.80   | 1,320| 1.48| 158.0|             3.10|62,700| 6,703,500|
    |_____________|______|_____|______|_________________|______|__________|
    |      0.90   | 1,240| 1.55| 163.6|             3.24|61,700| 6,524,000|
    |_____________|______|_____|______|_________________|______|__________|
    |      1.00   | 1,170| 1.62| 169.1|             3.38|60,900| 6,359,700|
    |_____________|______|_____|______|_________________|______|__________|

(1) Note 1:  Gold Equivalent or “AuEq” g/t is based on assumed metal prices
of US$1050/oz gold and US$18/oz silver and estimated gold and silver
recoveries for each block, using the following formula:
AuEq g/t = (Gold Grade * Gold Recovery %) + ((Silver Grade * Silver
Recovery %) * 18/1050)
Note 2:  Columns with headings “Gold (g/t)”, “Silver (g/t)”, “Gold
(ozs)” and “Silver (ozs)” all relate to contained metal and are before
metallurgical recoveries are applied.
*Base case

Mineral Resource Estimate for Carmen Deposit within the 2011 Open Pit
-Indicated

(At Various Cut-off Grades)

     ________________________________________________________________
    |             |      |              Grade     |  Contained Metal |
    |Cut-off Grade|Tonnes|________________________|__________________|
    |(Recoverable |(000s)|Gold |Silver|Recoverable|  Gold |   Silver |
    |  AuEq1g/t)  |      |(g/t)|(g/t) |   AuEq1   |  (oz) |    (oz)  |
    |             |      |     |      |   (g/t)   |       |          |
    |_____________|______|_____|______|___________|_______|__________|
    |      0.10   | 8,280| 0.49|  48.9|       0.90|129,600|13,025,000|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.20   | 5,210| 0.73|  65.9|       1.34|121,900|11,033,200|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.30*  | 4,000| 0.91|  77.8|       1.68|116,600| 9,999,700|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.40   | 3,370| 1.04|  86.3|       1.92|113,100| 9,347,700|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.50   | 2,910| 1.18|  94.1|       2.16|110,000| 8,802,200|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.60   | 2,600| 1.29| 100.3|       2.35|107,600| 8,382,900|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.70   | 2,370| 1.38| 105.6|       2.52|105,400| 8,048,200|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.80   | 2,200| 1.46| 109.9|       2.66|103,300| 7,771,800|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.90   | 2,050| 1.54| 113.9|       2.79|101,400| 7,506,300|
    |_____________|______|_____|______|___________|_______|__________|
    |      1.00   | 1,920| 1.61| 117.6|       2.91| 99,400| 7,260,200|
    |_____________|______|_____|______|___________|_______|__________|

(1) Note 1:  Gold Equivalent or “AuEq” g/t is based on assumed metal prices
of US$1050/oz gold and US$18/oz silver and estimated gold and silver
recoveries for each block, using the following formula:
AuEq g/t = (Gold Grade * Gold Recovery %) + ((Silver Grade * Silver
Recovery %) * 18/1050)
Note 2:  Columns with headings “Gold (g/t)”, “Silver (g/t)”, “Gold
(ozs)” and “Silver (ozs)” all relate to contained metal and are before
metallurgical recoveries are applied.
*Base case

Mineral Resource Estimate for Carmen Deposit within 2011 the Open Pit
-Measured plus Indicated

(At Various Cut-off Grades)

     ________________________________________________________________
    |             |      |              Grade     |  Contained Metal |
    |Cut-off Grade|Tonnes|________________________|__________________|
    |(Recoverable |(000s)|Gold |Silver|Recoverable|  Gold |   Silver |
    |  AuEq1g/t)  |      |(g/t)|(g/t) |   AuEq1   |  (oz) |    (oz)  |
    |             |      |     |      |   (g/t)   |       |          |
    |_____________|______|_____|______|___________|_______|__________|
    |      0.10   |13,350| 0.49| 54.1 |       0.94|210,300|23,200,100|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.20   | 8,640| 0.71| 72.6 |       1.38|198,100|20,163,400|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.30*  | 6,550| 0.90| 87.3 |       1.74|188,500|18,394,200|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.40   | 5,490| 1.03| 97.7 |       2.01|182,300|17,246,500|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.50   | 4,720| 1.17|107.6 |       2.26|177,400|16,330,500|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.60   | 4,170| 1.29|116.0 |       2.49|173,000|15,551,400|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.70   | 3,780| 1.39|122.9 |       2.68|169,100|14,937,500|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.80   | 3,520| 1.47|127.9 |       2.82|166,100|14,478,800|
    |_____________|______|_____|______|___________|_______|__________|
    |      0.90   | 3,290| 1.54|132.7 |       2.96|163,100|14,037,400|
    |_____________|______|_____|______|___________|_______|__________|
    |      1.00   | 3,090| 1.61|137.1 |       3.09|160,300|13,621,200|
    |_____________|______|_____|______|___________|_______|__________|

(1) Note 1:  Gold Equivalent or “AuEq” g/t is based on assumed metal prices
of US$1050/oz gold and US$18/oz silver and estimated gold and silver
recoveries for each block, using the following formula:
AuEq g/t = (Gold Grade * Gold Recovery %) + ((Silver Grade * Silver
Recovery %) * 18/1050)
Note 2:  Columns with headings “Gold (g/t)”, “Silver (g/t)”, “Gold
(ozs)” and “Silver (ozs)” all relate to contained metal and are before
metallurgical recoveries are applied.
*Base case

Mineral Resource Estimate for Carmen Deposit within the 2011 Open Pit
-Inferred

(At Various Cut-off Grades)

     ____________________________________________________________________
    |Cut-off Grade|      |                  Grade       |Contained Metal |
    |(Recoverable |Tonnes|______________________________|________________|
    |  AuEq1g/t)  |(000s)|Gold |Silver|Recoverable AuEq1| Gold |  Silver |
    |             |      |(g/t)|(g/t) |      (g/t)      | (oz) |   (oz)  |
    |_____________|______|_____|______|_________________|______|_________|
    |      0.10   | 3,210| 0.42|  38.9|             0.73|43,300|4,015,600|
    |_____________|______|_____|______|_________________|______|_________|
    |      0.20   | 2,110| 0.60|  49.3|             1.04|40,800|3,345,300|
    |_____________|______|_____|______|_________________|______|_________|
    |      0.30*  | 1,680| 0.72|  55.6|             1.24|38,900|3,002,600|
    |_____________|______|_____|______|_________________|______|_________|
    |      0.40   | 1,400| 0.83|  60.8|             1.41|37,200|2,735,300|
    |_____________|______|_____|______|_________________|______|_________|
    |      0.50   | 1,190| 0.94|  65.6|             1.59|35,900|2,510,100|
    |_____________|______|_____|______|_________________|______|_________|
    |      0.60   | 1,020| 1.05|  69.9|             1.76|34,300|2,293,300|
    |_____________|______|_____|______|_________________|______|_________|
    |      0.70   |   900| 1.15|  74.0|             1.92|33,200|2,140,000|
    |_____________|______|_____|______|_________________|______|_________|
    |      0.80   |   800| 1.24|  77.6|             2.05|31,800|1,995,200|
    |_____________|______|_____|______|_________________|______|_________|
    |      0.90   |   720| 1.32|  81.1|             2.19|30,600|1,878,100|
    |_____________|______|_____|______|_________________|______|_________|
    |      1.00   |   660| 1.39|  84.3|             2.30|29,600|1,788,400|
    |_____________|______|_____|______|_________________|______|_________|

(1) Note 1:  Gold Equivalent or “AuEq” g/t is based on assumed metal prices
of US$1050/oz gold and US$18/oz silver and estimated gold and silver
recoveries for each block, using the following formula:
AuEq g/t = (Gold Grade * Gold Recovery %) + ((Silver Grade * Silver
Recovery %) * 18/1050)
Note 2:  Columns with headings “Gold (g/t)”, “Silver (g/t)”, “Gold
(ozs)” and “Silver (ozs)” all relate to contained metal and are before
metallurgical recoveries are applied.
*Base case

3. High grade mineral resource estimates at various cut-off grades outside
the 2011 proposed open pit of the Carmen Deposit

The high grade mineral resource estimates at various cut-off grades
outside the 2011 proposed open pit are shown below.

High Grade Mineral Resource Estimate for Carmen Deposit – Indicated
(At Various Cut-off Grades Outside the 2011 proposed Open Pit)

     _____________________________________________________________________
    |  Cut-off   |      |                  Grade       |  Contained Metal |
    |   Grade    |Tonnes|______________________________|__________________|
    |(Recoverable|(000s)|Gold |            |Recoverable|  Gold |   Silver |
    | AuEq1g/t)  |      |(g/t)|Silver (g/t)|   AuEq1   |  (oz) |    (oz)  |
    |            |      |     |            |   (g/t)   |       |          |
    |____________|______|_____|____________|___________|_______|__________|
    |      1.50  | 2,990| 3.99|       112.8|       5.05|383,100|10,848,200|
    |____________|______|_____|____________|___________|_______|__________|
    |     2.00*  | 2,800| 4.16|       113.4|       5.27|374,900|10,204,900|
    |____________|______|_____|____________|___________|_______|__________|
    |      2.50  | 2,520| 4.44|       116.3|       5.61|359,300| 9,426,600|
    |____________|______|_____|____________|___________|_______|__________|
    |      3.00  | 2,200| 4.78|       120.6|       6.03|338,000| 8,533,500|
    |____________|______|_____|____________|___________|_______|__________|
    |      3.50  | 1,840| 5.22|       126.5|       6.57|308,500| 7,480,700|
    |____________|______|_____|____________|___________|_______|__________|
    |      4.00  | 1,520| 5.68|       134.0|       7.16|277,500| 6,546,200|
    |____________|______|_____|____________|___________|_______|__________|

(1) Note 1:  Gold Equivalent or “AuEq” g/t is based on assumed metal prices
of US$1050/oz gold and US$18/oz silver and estimated gold and silver
recoveries for each block, using the following formula:
AuEq g/t = (Gold Grade * Gold Recovery %) + ((Silver Grade * Silver
Recovery %) * 18/1050)
Note 2:  Columns with headings “Gold (g/t)”, “Silver (g/t)”, “Gold
(ozs)” and “Silver (ozs)” all relate to contained metal and are before
metallurgical recoveries are applied.
*Base case

High Grade Mineral Resource Estimate for Carmen Deposit – Inferred
(At Various Cut-off Grades Outside the 2011 proposed Open Pit)

     _______________________________________________________________________
    |                     |      |              Grade     | Contained Metal |
    |    Cut-off Grade    |Tonnes|________________________|_________________|
    |(RecoverableAuEq1g/t)|(000s)|Gold |Silver|Recoverable|  Gold |  Silver |
    |                     |      |(g/t)|(g/t) |AuEq1 (g/t)|  (oz) |   (oz)  |
    |_____________________|______|_____|______|___________|_______|_________|
    |            1.50     | 2,260| 3.73|  70.2|       4.43|270,700|5,099,300|
    |_____________________|______|_____|______|___________|_______|_________|
    |            2.00*    | 2,070| 3.93|  73.6|       4.68|261,800|4,897,600|
    |_____________________|______|_____|______|___________|_______|_________|
    |            2.50     | 1,811| 4.25|  76.2|       5.03|247,600|4,437,500|
    |_____________________|______|_____|______|___________|_______|_________|
    |            3.00     | 1,558| 4.59|  77.8|       5.40|229,900|3,898,200|
    |_____________________|______|_____|______|___________|_______|_________|
    |            3.50     | 1,287| 4.99|  81.0|       5.86|206,600|3,351,700|
    |_____________________|______|_____|______|___________|_______|_________|
    |            4.00     | 1,027| 5.45|  85.5|       6.39|180,100|2,822,000|
    |_____________________|______|_____|______|___________|_______|_________|

(1) Note 1:  Gold Equivalent or “AuEq” g/t is based on assumed metal prices
of US$1050/oz gold and US$18/oz silver and estimated gold and silver
recoveries for each block, using the following formula:
AuEq g/t = (Gold Grade * Gold Recovery %) + ((Silver Grade * Silver
Recovery %) * 18/1050)
Note 2:  Columns with headings “Gold (g/t)”, “Silver (g/t)”, “Gold
(ozs)” and “Silver (ozs)” all relate to contained metal and are before
metallurgical recoveries are applied.
*Base case

 

SOURCE Kimber Resources Inc.


Source: newswire



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