AMEX:KBXTSX:KBR
 

RESOURCE ESTIMATES

In June 2006 the Company announced Estimate “M”, a block model estimate using all holes drilled up to February 15, 2006.  The estimate was calculated by Micon International using the same database as was used for the polygonal estimate released on April 20, 2006.

The summary table below is at a cut-off of 0.3 g/t gold.

Carmen Deposit

 

Tonnes

Gold
(g/t)

Silver
(g/t)

Gold Eq*.
(g/t)

Gold
(oz)

Silver
(oz)

Gold Eq*.
(oz)

Block Model Estimate "M"

Measured

23,270,000

0.78

44

1.37

583,100

33,180,000

1,025,500

Indicated

9,950,000

0.68

26

1.03

218,000

8,460,000

330,800

Measured & Indicated

33,220,000

0.75

39

1.27

801,100

41,640,000

1,356,300

Inferred

3,530,000

0.64

17

0.87

72,600

1,950,000

98,600

Carmen Deposit (higher grades, beneath Estimate M)

Inferred

703,000

6.41

67

 7.30

144,800

1,513,000

165,000

 

Veta Minitas -- Estimate of November 2004

 

Tonnes

Gold
(g/t)

Silver
(g/t)

Gold Eq*.
(g/t)

Gold
(oz)

Silver
(oz)

Gold Eq*.
(oz)

Measured

701,000

0.63

88

1.80

14,200

1,974,900

40,600

Indicated

176,000

1.03

105

2.42

6,000

591,800

13,700

Measured & Indicated

877,000

0.72

91

1.93

20,200

2,566,700

54,300

Inferred

400,000

0.37

69

1.28

4,500

840,000

15,700

* Gold-equivalent assumes equivalence of 75 units of silver to one unit of gold.
Updated: September 5, 2007

Nature of Estimate

This is a block model estimate incorporating holes drilled up to February 15, 2006. This estimate was prepared by Micon using ordinary kriging of 6 x 6 x 6 metre blocks. The estimation of grades was constrained by models of the mineralized zone created by Kimber staff using geological information and grade distribution. A mappable boundary to gold distribution is the 0.1 g/t contour. This was used to constrain gold distribution. A seperate boundary to silver mineralization was created at a grade of 35 g/t silver. The influence of the highest grade samples was limited by capping of gold and silver grades at 40.3 g/t and 1,052 g/t respectively.