Company Information for Kingsgate Consolidated Ltd

ASX-KCN

www.kingsgate.com.au

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ASX; KCN

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Company Statement

Kingsgate Consolidated Limited (Kingsgate) is a highly successful 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 rapidly growing reserve/resource position is fuelled by exploration within a surrounding gold province which exhibits world class potential.

Current Operations

Chatree Gold Mine
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 and increased throughput from 1-1.3 million tonnes per year (Mtpa) to 2 Mtpa, above the design capacity of 1.8 million tonnes per year.This expansion was completed on time and under budget.

Installation of a pebble crusher increased plant capacity to 2.4 Mtpa in June 2006. A further expansion to 5 Mtpa is planned for 2009-2010 to significantly increase gold production from new mining areas at Chatree North.

Conventional open pit mining methods are used at Chatree to extract gold ore from open pits.

Mining and haulage costs are critical items in open pit operations. Chatree introduced a local Thai earthmover to contract mining in 2001. This local Thai mining contractor, Lotus Hall, has then expanded to other operations in Laos and Thailand. This has resulted in significant business for local enterprises. This contract was updated in 2007 to allow for a new and expanded mining fleet, supported by Caterpillar, for increased production from the Chatree North mining areas.

Geographical Spread

Thailand - Chatree gold mine

Board of Directors and Key Management

Ross Smyth-Kirk	Non-Executive Chairman
Gavin Thomas	Managing Director and Chief Executive Officer
Craig Carracher	Non-Executive Director
John Falconer	Non-Executive Director
Peter McAleer	Non-Executive Director

Company Address

Suite 801 Level 8
14 Martin Place
Sydney, Australia NSW 2000


Telephone:	61 2 8256 4800
Facsimile:	61 2 8256 4810
Email:	info[at]kingsgate.com.au
Website:	http://www.kingsgate.com.au

Year End

31 December

Most Recent Statement

22/08/08 - Preliminary Final Report
09/08/08 - Diggers and Dealers Company Presentation
23/07/08 - Quarterly Report - June 2008
22/07/08 - Grant of New Mining Leases Approved by Minister
18/07/08 - Trading Halt
15/02/08 - Half Yearly Report FY08 and Accounts

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