Kirkland Lake Gold Profile

Kirkland Lake Gold is a growing gold mining company targeting production of 920,000 – 1,000,000 ounces of gold for 2019 from mines in Canada and Australia. Kirkland Lake Gold’s solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management and operational expertise.. The production profile of the Company is anchored by two high-grade, low-cost operations, the Macassa Mine located in Northeastern Ontario, and the Fosterville Mine located in the state of Victoria, Australia.

Kirkland Lake Gold
Stock SymbolTSX: KL, NYSE: KL, ASX: KLA
SEDAR ProfileSEDAR - Kirkland Lake Gold Ltd.
Investor DeckGoing for gold in everything we do - PDAC 2019
Company ProjectsMacassa Mine: The Macassa Mine, located in the Town of Kirkland Lake, Ontario remains one of the highest gold grade mines in the world. Macassa commenced operations in 2002, and with the discovery of the South Mine Complex (SMC), has been able to increase its level of production significantly over the past five years. The SMC has been driving grade improvement at Macassa, with results from ongoing exploration drilling continuing to extend the SMC mineralization and adding to the Mine's Mineral Resources in support of growing production and extending mine life.
The mine is located in an area with well-developed infrastructure, including a provincial highway, a railway system and a private airport. High-grade ore is processed at the Macassa Mill, which currently has available capacity and is located in close proximity to the mine.
Mining at Macassa is currently underway at an average rate of 1,000 tpd across two mining horizons: the historical Main/’04 breaks (15% of 2017 throughput) and the new SMC Zone (85% of 2017 throughput) with access via #3 shaft. In the Main/’04 breaks, mining is taking place between the 3400 and the 5300 levels. In the SMC Zone, mining occurs between the 5000 and the 5800 levels; the Company has completed the development of a haulage ramp down to the 5800-level elevation and will complete the ramp down to the 6000-level elevation by the end of 2018.

Holt Mine: The Holt Mine was originally built and operated by Barrick in the late 1980’s. The mine has a long history of reserve replacement. Approximately 85% of the current reserves are situated in three zones: Zone 4, Zone 6 and Zone 7.
Mining at Holt is primarily conducted using Long Hole Stoping with cemented rock fill. A 1.2 km deep shaft provides skipping capacity of 1,500 tpd. Currently, approximately 85% of the mining activities takes place in Zone 4 and 6, with development towards Zone 7, in anticipation of starting production in 2018.
The Holt Mill is one of the most efficient gold mills in the region with a capacity of 3,000 tpd, of which approximately 1,500 tpd are supplied from the Holt Mine and a little under 700 tpd from the Taylor Mine, representing a 75% utilization rate.

Taylor Mine: The Taylor Mine is the Company's newest gold mine with significant exploration potential. It is a high-grade cornerstone asset for the Company. The mine is located approximately 70 km west of the Holt Mill and ore is trucked daily for processing and refining.
Mining at the Taylor Mine is currently focused on extracting ore from the 1004 Zone, employing a mix of Long Hole Stoping (60%) and cut and fill (40%) methods. Ore is hauled to surface by a fleet of 45 tonne trucks, averaging a production rate of approximately 600 tpd. Ore from the Taylor Mine is processed at the Holt Mill.

Fosterville Mine: The Fosterville Mine is a high-grade, low cost underground gold mine, located 20km from the city of Bendigo in the State of Victoria, Australia. The Fosterville Mine features growing gold production at increasingly high grades, as well as extensive in-mine and district scale exploration potential.
Mining activities at Fosterville are currently focused on the Central, Phoenix and Harrier underground ore zones. All areas are extracted using open stoping techniques with the application of Cemented Rock Fill where applicable and practical. Selection of the specific mining method within the open stoping regime is based upon previous experience at the Fosterville mine and expectations of ore zone geometry and geotechnical conditions.
Fosterville commenced production in April of 2005 and produced its one millionth ounce of gold in December 2015, representing an important milestone of safe and sustainable production at the mine. In 2017, the operation produced 263,845 ounces of gold at an average grade of 15.8 g/t Au, with the Fosterville Mill achieving a record average recovery rate of 95.0%.
The occurrence of visible gold is becoming increasingly significant at depth and is observed more frequently below an approximate 800m with depth, down-plunge within the Lower Phoenix and Harrier Gold Systems.
Examples of the visible high-grade gold zones include the Eagle and Swan Zones in the Lower Phoenix area. The Eagle Zone is 0.5 6m in width, 50 80m in dip length and has a down-plunge extent of 700m. The Swan Zone, currently the highest grade mineralized zone at Fosterville, is 2-5m in width, dips west and is presently defined over a 275m strike and a 200m vertical extent. The Eagle and Swan Zones remain open down-plunge for potential Mineral Resource expansion.

Cosmo Mine: The Cosmo Mine is an underground mine located 160 km south of the City of Darwin, in the Northern Territory, Australia. Ore produced from the Cosmo Mine is processed at the underutilized Union Reefs Mill, located 60 km south of Cosmo Mine. Historically, the mill served as a central processing facility for surrounding gold deposits in the Pine Creek Orogen.
Kirkland Lake Gold suspended production at the Cosmo Mine, effective June 30, 2017. In the first six months of the year, a total of 20,595 ounces were produced at an average grade of 2.7 grams per tonne and an average operating cash cost of $1,661 per ounce sold.
Following the suspension of production at Cosmo, the Company expanded the ongoing exploration program at the mine, recognizing the significant potential that existed to identify new Mineral Resources, particularly at the recently-discovered Lantern Deposit. The Company also resumed active exploration programs on advanced regional targets.

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