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Kimber Resources

Mining Companies - Gold Companies

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Junior Exploration, Development: Au, Ag

Kimber Resources is a junior exploration and development company that owns mineral concessions covering in excess of 39,000 hectares in the prospective Sierra Madre gold-silver belt. The flagship is 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. The Company is listed on the NYSE-AMEX under (KBX) and TSX under (KBR).

Annual Trading Range (0.96-2.17)

Trading on 5 Dec 2011@ 1.20



Common Shares


Warrants-Dec. 23, 2012 Expiry Date


Underwriters' Warrants-Dec 23, 2012 Expiry Date


Stock Options






Q1 2012

Cash and Equivalents 12.3M

St Liabilities 1.8M

Expenses 782K

Exploration Costs 3.5M

Quarterly loss (.01)


Monterde Property

Discovery>>Resource definition>>Pre-Economic Assessment>>Feasibility>>Permits/construction>>Production

The Monterde property is located in the heart of the prolific Sierra Madre Gold- Silver Belt of Northern Mexico and encompasses more than 29,000 hectares (290 sq km). The belt is one of the most active areas for precious metals exploration and development in the world. To date, three deposits have resource calculations: Carmen, Veta Minitas and Carotare. The majority of the resource ounces are within the Carmen deposit.

During the time that Kimber has held the Monterde Property, and particularly in the last five years, considerable work has been carried out on the Monterde Property and in particular on the three principal areas of the Monterde Property detailed below being Carmen, Veta Minitas and Carotare. Kimber has conducted, among other geologic and engineering procedures, surface sampling, mapping, and an exploratory drill program. The surface sampling and mapping show geologic formations that would indicate the presence of gold and silver mineralization. Kimber’s exploratory drilling program has provided good results for gold and silver mineralization in potentially large areas. Based on these procedures, Kimber believes that there is sufficient gold and silver contained at Carmen, Veta Minitas and Carotare to justify further exploration. For further details on each deposit please see each of the summaries.



The Carmen deposit encompasses approximately 20 hectares an hosts the majority of the Resource ounces on Monterde. A total of 595 drill holes totalling 131,959 m have been drilled on the Carmen deposit to date. During April, 2008 a diamond drill rig capable of drilling to depths in excess of 800 m was mobilized to the Monterde property. A total of 18 holes were completed between April and July, 2008 including two holes for grade comparison with previous reverse circulation drill holes. A total of 8,023 m of core was drilled at Carmen between April and July, 2008.

The principal objective of the drilling was to test for the down dip continuity of mineralization at Carmen. The results of a number of the holes drilled in the 2008 program at Carmen showed that highgrade gold-silver mineralization was intercepted on certain sections at considerably greater depths than previously drilled. Full details of all significant drill results can be seen in the Kimber press releases issued between June and September, 2008.

Since the completion and disclosure of Kimber’s NI 43-101 compliant mineral resource estimate for Carmen in July, 2006, the company has drilled an additional 18 core holes and 125 reverse circulation drill holes on the Carmen deposit. In addition, 121 previously drilled, non-geotechnical core holes have been added to the resource database. During 2008 and 2009 the principal focus on the Carmen deposit has been the compilation of all geologic data to better understand the geological controls for preparation of resource estimates and on the distribution of high and low recovery zones for silver within the deposit. This work along with all drill data is the basis for the revised mineral resource estimate for the Carmen zone.

Resource Estimate

In December 2009 the Company announced an updated mineral resource estimate for the Carmen and Veta Minitas Deposits, Monterde Project”, This estimate defines high grade gold-silver mineral resource estimates with estiimated metallurgical recoveries, which lie within an overall significantly larger, lower grade mineral resource. In respect of the Carmen deposit this new mineral resource estimate is based on 587 drill holes and 329 metallurgical tests completed to date. The mineral resource estimate for the Veta Minitas deposit is based on 64 drill holes and 17 metallurgical tests. The mineral resource estimates of the Carmen and Veta Minitas deposits have been created after a thorough geological and metallurgical review.

Base Case High Grade Mineral Resource Estimate for Carmen Deposit


(At a 3g/t Recoverable Gold Equivalent Cut-off)


Tonnes (000s)

In Situ Gold Grade (g/t)

In Situ Silver Grade (g/t)

Contained In Situ Gold (oz)

Contained In Situ Silver (oz)







Additional Inferred







The high grade resource lies within an overall halo of lower grade mineralization. The base case total resource estimate, inclusive of the high grade estimate, is tabulated below.

Base Case Total Mineral Resource Estimate (inclusive of High Grade) for Carmen Deposit


(At a 0.3g/t Recoverable Gold Equivalent Cut-off)


Tonnes (000s)

In Situ Gold Grade (g/t)

In Situ Silver Grade 9g/t)

Contained In Situ Gold (oz)

Contained In Situ Silver (oz)







Additional Inferred







Veta Minitas

Veta Minitas is located approximately 250 metres south-west of the Kimber's Carmen gold-silver deposit on the Monterde property. The Veta Minitas area is underlain by felsic volcanic tuffs, breccias and intrusive rocks, with minor andesite flows; the same package of rocks hosting the Carmen deposit. The Veta Minitas mineralization occurs in shear zones within the felsic volcanic package, and is characterized by strong oxidation and silicification. The mineralization occurs in two main zones, known as Central and East.

To date 13,389 metres and 61 holes have been drilled on Veta Minitas. The two holes drilled at Veta Minitas by diamond drills in July 2008, for a total of 936 metres, were designed to drill test the Central mineralized zone at depth and then to continue down to the East zone, which has been tested in three previous holes. The East zone is a gold-enriched system (relative to the Central zone) that does not extend to surface. The results of the 2008 drilling, on top of those from 2006, suggest good vertical continuity of the two systems, with increasing gold to silver ratios to depth.

Mineral Resource Estimate

Base Case High Grade Mineral Resource Estimate for Veta Minitas Deposit


(At 3 g/t Recoverable Gold Equivalent Cut-off)


Tonnes (000s)

In Situ Gold Grade (g/t)

In Situ Silver Grade (g/t)

Contained In Situ Gold (oz)

Contained In Situ Silver (oz)














The high grade resource lies within an overall halo of lower grade mineralization. The base case total resource estimate, inclusive of the high grade estimate, is tabulated below.

Base Case Total Mineral Resource Estimate for Veta Minitas Deposit


(At 0.3 g/t Recoverable Gold Equivalent Cut-off)


Tonnes (000s)

In Situ Gold Grade (g/t)

In Situ Silver Grade (g/t)

Contained In Situ Gold (oz)

Contained In Situ Silver (oz)















Carotare lies two kilometres to the west of the Carmen with a surface expression of twice the length of Carmen. Approximately 75 holes have been drilled on multiple structures at Carotare to date. The initial resource estimate based on the first 28 holes reported Measured and Indicated resources of 71,000 oz Au at 0.82 g/t au, and 2,523,000 oz Ag at 29 g/t. Inferred resources include 103,000 oz Au at 0.85 g/t and 2,987,000 oz Ag at 25 g/



Gordon Cummings C.A.CEO & President Mr. Cummings has over 20 years of experience in finance and management including senior managerial positions in two of the Big 4 audit firms and the role of Group Accountant with a London, England based insurance group listed on the New York Stock Exchange. He most recently held the position of CFO and then subsequently CEO and Director of a Canadian alternative investment manager that develops and distributes public, full prospectus funds. Mr. Cummings holds an accounting degree from the University of Glasgow and is a member of the Institute of Chartered Accountants in England & Wales and in British Columbia.

Marius Mare P.Geo. Vice President, Exploration Mr. Maré is a registered Professional Geoscientist with over 20 years of experience in the mineral exploration industry. He holds a B.Sc. (Hon.) and M.Sc. degree in economic geology from the University of Manitoba. Mr. Maré has worked extensively in Canada and Mexico as well as serving in a senior role with Placer Dome Tanzania. He was most recently Vice President Exploration with Toronto based Nayarit Gold Inc.

Lyn Davies C.A.CFO Mr. Davies has over 25 years of Finance experience including senior Finance roles with Canadian public listed companies, and public accounting experience with KPMG and Grant Thornton. Mr. Davies holds a Ph.D. in Chemistry, and is a member of the Institutes of Chartered Accountants in England & Wales and in British Columbia.

Board of Directors

Peter NixonChairman Mr. Nixon brings over 30 years of experience in research and institutional equity sales, largely focused on the mining industry. In 1989, Mr. Nixon helped found Goepel Shields & Partners, a Toronto based independent investment firm and subsequently was appointed President of its U.S. subsidiary. Mr. Nixon is also a director of Miramar Mining Corporation, Dundee Precious Metals, Reunion Gold Corporation and Stornoway Diamond Corporation.

Leanne BakerChair of Corporate Governance Committee Dr. Leanne Baker is managing director of Investor Resources LLC.,and a member of NASD/SIPC. She is a former metals and mining equity analyst and managing director of Salomon Smith Barney, and she is a graduate of the Colorado School of Mines (M.S. and Ph.D. in mineral economics). Dr. Baker is also a director of Agnico-Eagle Mines, Reunion Gold Corporation, and US Gold Corporation.

R. Dennis Bergen P.Eng.Chair of Technical Committee Mr. Bergen has over 30 years experience in management, mine engineering, and mine development and operations. Most recently he was General Manager of the Cantung Mine in the Northwest Territories. From 1997-2003 he held the position of Vice President of Operations for Wheaton River Minerals. He has been involved in a senior capacity in the building, opening and operating a number of open-pit and underground mines.

Gordon Cummings C.A.CEO & President Mr. Cummings has over 20 years of experience in finance and management including senior managerial positions in two of the Big 4 audit firms and the role of Group Accountant with a London, England based insurance group listed on the New York Stock Exchange. He most recently held the position of CFO and then subsequently CEO and Director of a Canadian alternative investment manager that develops and distributes public, full prospectus funds. Mr. Cummings holds an accounting degree from the University of Glasgow and is a member of the Institute of Chartered Accountants in England & Wales and in British Columbia.

Frederick T. Graybeal Frederick T. Graybeal Dr. Graybeal is a geologist with 40 years of international experience in exploration and mining, with emphasis on exploration and mining geology, primarily for base and precious metals. Mr. Graybeal has been involved with several discoveries and reserve expansions mostly with ASARCO Incorporated, from which he retired in 2003 as chief geologist. He also previously held the position of president and chief executive officer of Maximus Ventures and is currently a director of Maximus Ventures.

Donald Young FCAChair of Audit Committee Donald Young, a chartered accountant, was a partner with the accounting firm of KPMG LLP until his retirement. Previously, he worked for Placer Development Ltd. (now Barrick Gold Corporation). He is a Fellow (1992) and a past president of the Institute of Chartered Accountants of British Columbia. Donald currently serves as a director and audit committee member or chair for Dundee Precious Metals Inc., Midas Gold Corp and the British Columbia Safety Authority. He has served on the boards of directors of other publicly listed and not-for-profit organizations and he is a member of the Institute of Corporate Directors.

Tim Haldane Mr. Haldane, P. Eng., joined Agnico-Eagle Mines Limited in May 2006 and is currently the Senior Vice-President, Latin America. Prior to this appointment, he was Vice-President, Development for Glamis Gold Inc. where he participated in numerous acquisition and development activities in North America and Central America. Mr. Haldane is a graduate of the Montana School of Mines and Technology (B.S. Metallurgical Engineering) and has 28 years of combined experience in the precious metals and base metals industries.

James Puplava Mr. Puplava is President of Puplava Financial Securities Inc. (PFS), an investment advisory and money management firm. Founded in 1985, PFS specializes in investment, retirement, tax, and estate planning services. Mr. Puplava is also president of Puplava Securities Inc. a Broker-Dealer and Member of NASD/SIPC. He is a member of the Market Technicians Association and a CMT candidate. Among his many awards and achievements, Mr. Puplava was honoured in 1992 as one of America’s top ten Financial Representatives by Registered Representative Magazine.


Corporate Presentation


News Releases


November 28, 2011

kimber appoints new vice president, investor relations

November 28, 2011

kimber intercepts 16.7 metres of 9.9 g/t gold equivalent at the carmen deposit, monterde

November 15, 2011

kimber announces first quarter financial results

October 27, 2011

kimber intercepts 4.5 metres of 26.6 g/t gold below the carmen gold-silver mineral resource at the monterde project

October 12, 2011

positive 2011 exploration results underpin kimber plans to update mineral resource estimate for carmen deposit

September 28, 2011

kimber announces year end financial results

September 28, 2011

kimber intercepts 14 metres of 4.5 g/t gold plus 112 g/t silver and 4.5 metres of 12.7 g/t gold at the carmen gold-silver deposit, monterde project

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