Kingsgate Consolidated Ltd. | Company Profile

About The Company

Kingsgate Consolidated Limited (Kingsgate) is a gold mining and exploration company, traded on the Australian Stock Exchange (KCN: ASX). The company owns and operates the low cost Chatree gold mine in central Thailand through its wholly-owned subsidiary, Akara mining limited, using world's best practice for safe, environmental and socially responsible operations.

A growing reserve/resource position is fuelled by exploration within a surrounding gold province which exhibits world class potential.

The Projects

Chatree Gold Mine | Flagship Project

The Chatree Gold Mine is located 280km north of Bangkok in Thailand. The Chatree deposit was discovered in 1995 in an area not previously recognised as having potential for significant gold mineralisation. Mining leases were applied for in 1997 and granted in 2000. The Chatree Gold Mine commenced production in November 2001 after a 12 month construction period, on schedule and under budget. The processing plant has consistently exceeded design specifications.

An expansion to the Chatree plant was completed in December 2003 with an expanded grinding and leaching circuit and increased throughput from 1-1.3 million tonnes per year (Mtpa) to 2 Mtpa, above the designed capacity of 1.8 Mtpa. This expansion was completed on time and under budget.

Installation of a pebble crusher increased plant capacity to 2.4 Mtpa in early 2006 and has operated consistently at that rate since.

The ore has a high metallurgical recovery (89-91%) with gold and silver extraction by standard Carbon in Leach (CIL) processing with destruction of cyanide in the pulp to 5-7ppm prior to delivery to the tailings storage facility.

Mineral Resources

The company's exploration program expanded the resources and reserves substantially from 2000 to 2006. Ore Reserves are 1.6 million ounces of gold as at 30 April 2007.

Mineral Resources are 3.4 million ounces of gold, as at 30 April 2007, and 30 million ounces of silver. New discoveries have been made at various locations north and south of the existing operation, demonstrating mineralisation occurs over approximately 23 kilometres in strike length as well as to the west of current operations.

Production

Total production at Chatree for the year ended 30 June 2008 was 74,137 ounces of gold (2007: 85,994 ounces) and 232,039 ounces of silver (2006: 290,897 ounces) at a total cash cost of US$ 457 per ounce (2006: US$440 per ounce) and total production cost of US$556 per ounce.


Thai Subsidiary

Akara Mining Limited is the Thai subsidiary which operates Chatree.
Thai investors hold 52% of the share issued in Akara with the remaing 48% held by Kingsgate. Kingsgate maintains management control and provides regularly updated technical support to ensure the world-class standards and technical skills are maintained.

For more detailed information about the projects and the company in general, please visit the website of Kingsgate Consolidated Ltd.!

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