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.

Kingsgate's vision is to be a preferred gold company delivering shareholder value through profit and growth. We are continually assessing new business opportunities and recognise that the strength of our relationships, our experience in both low sulphidation epithermal gold deposits and in Asia, and our operating expertise will provide the opportunities for growth.

Growth is propelled by focused gold exploration and prudent acquisitions producing high margin operations. Our expertise is based on embracing cultural diversity and skill development, fostering teamwork and a focus on the best result for all stakeholders.

Kingsgate was officially listed on the ASX in April 1988.

The company's strategic advantage is its specialist knowledge of the geological, political and economic climate of mainland South East Asia developed over the 15 years of operating there. Exploration in Thailand led to the greenfields discovery of the Chatree gold deposit.

The company recorded a net profit of $16.7 million for the year ended 30 June 2006 (2005: $8.7 million), enabling the Directors to declare a total dividend for the year of 10 cents per share, of which 2 cents was paid as an interim dividend and 5 cents as a final dividend.

Kingsgate has consolidated its position as a significant and profitable gold producer, with improved growth potential. The operational and financial results reflect the completion of the plant expansion complemented by exploration success near the mine site and regionally.

Current Operations

Chatree Gold Mine
Gold mineralisation occurs at Chatree as a low sulphidation quartz carbonate adularia style epithermal, occurring in shallow to steeply dipping structures carrying gold bearing veins, breccias and stockworks, within a 7.5 by 2.5 kilometre zone of silicified latitic and trachytic volcanic fragmentals and flows.

The deposit is located 280 kilometres north of Bangkok in gentle farmland adjacent to bitumen roads and serviced by the national power grid and is accessed from Bangkok and its port by highway quality asphalt and concrete roads.

Construction of the Chatree Gold Mine took place between December 2000 and October 2001 with commissioning throughout November 2001. It was completed within time and under budget and commercial production commenced on 27 November 2001.

The expansion to the Chatree plant was completed in December 2003 and increased throughput to approximately 2 million tonnes per year, an improvement of more than 50%. The expansion is designed to maintain production levels in view of forecast declining ore grades.

This expansion was completed on time and under budget and has since operated at or above design throughput of 1.8 million tonnes per year. Installation of a pebble crusher increased plant capacity to 2.35 Mtpa in December 2005.

Mineral Resources
The ore has a high metallurgical recovery with gold and silver extraction by standard Carbon in Leach (CIL) processing with destruction of cyanide in the pulp to 20ppm prior to delivery to the tailings storage facility. The company's significant exploration program achieved continuing success and raised the total company Ore Reserves to 1.7 million ounces of gold as at 31 May 2006.

Mineral Resources amount to 3.8 million ounces of gold, and 32 million ounces of silver. New discoveries have been made at various locations north and south of the existing operation, illustrating mineralisation 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 2006 was 140,071 ounces of gold (2005: 126,550 ounces) and 459,701 ounces of silver (2005: 353,275 ounces) at a total cash cost of US$206 per ounce (2005: US$212 per ounce) and total production cost of US$247 per ounce of gold. These results continue to place Chatree as one of the lowest cost operations in the world.

Geographical Spread

Thailand - Chatree gold mine

Board of Directors and Key Management

Ross Smyth-Kirk B Com, CPA, ASIA

Ross Smyth-Kirk was a founding Director of the former leading investment management company, Clayton Robard Management Limited and has had extensive experience over a number of years in investment management including a close involvement with the minerals and mining sectors. He was appointed to the Board on 29 November 1994 and has been a Director of a number of companies over the past 25 years.

Responsibilities: Chairman of the Board, member of the Audit Committee and Chairman of the Remuneration Committee and Nomination Committee.

John Falconer FCA, ASIA

John Falconer is a Fellow of the Institute of Chartered Accountants in Australia and an Associate of the Securities Institute of Australia. He is principal of Carbone Falconer & Co, a firm of Chartered Accountants practising in Sydney, whose client base includes small publicly listed companies as well as a number of successful family businesses. He is Director of TZ Limited and Tarragon Property Fund.

Responsibilities: Company Secretary, Chairman of the Audit Committee and member of the Remuneration Committee and Nomination Committee.

Peter McAleer B Com (Hons), B L (Kings Inns - Dublin - Ireland)

Peter McAleer is Chairman of Westmag Limited and a Director of Kenmare Resources Plc (Ireland). Previously, he was a Director and Chief Executive Officer of Equatorial Mining Limited and a Director of Mineral El Tesoro (Chile). He has been an Executive Director of Whim Creek Consolidated NL, Austwhim Resources NL and The Northgate Group of Companies (Canada). He has been involved in the discovery, and/or successful development, of over 10 base and precious metal deposits in Europe, Australia, South America and North America. Responsibilities: Member of the Remuneration Committee and Nomination Committee.

Gavin Thomas, BSc FAusIMM

Chief Executive Officer Gavin Thomas has a graduate degree in geology from Macquarie University in Sydney, Australia and is a Fellow and Chartered Professional of the Australasian Institute of Mining and Metallurgy ("AusIMM."). He is a member of the Geoscience Taskforce of the AusIMM. He is currently a director of Andean Resources Limited, Mercator Minerals Limited and Cordillera PLC. Mr. Thomas has had a successful career in developing mining companies from the exploration phase into mid-tier gold and/or copper production mining entities. He has over 32 years of international experience in exploring for, evaluating, developing, operating and reclaiming mines in North America, South America, Australia, the Southwest Pacific, Asia and Europe.Peter Warren Chief Financial Officer. Bachelor of Commerce degree and is a CPA.Mr. Warren was the Chief Financial Officer for Equatorial Mining Limited, an ASX listed company operating in the copper sector of the resources industry. Mr. Warren held this position for more than three years. Mr. Warren previously was the Chief Financial Officer for the Alusuisse Australian subsidiaries whose assets include the Gove bauxite and alumina project. Mr. Warren has also held finance executive positions with Peabody Resources Limited including that of Treasurer and had various accounting roles at Hamersley Iron.

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

15/02/08 - Half Yearly Report FY08 and Accounts
29/01/08 - Kingsgate Maintains Environmental Best Practice
18/01/08 - Quarterly Activities Report -Dec 2007
09/12/07 - Kingsgate's Mining Lease Application Process Unaffected
15/11/07 - CEO Presentation for the AGM
02/11/07 - Thai Gold Royalties

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