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TSX.V: WKM
November 2012
Near Term Development
Long Canyon Trend Exploration
At and Near Surface Gold
TUG Conceptual Pit Model
This presentation has been prepared by West Kirkland Mining Inc. (“West Kirkland” “WKM” or the “Company”). Information included in this presentation regarding the
Company’s mineral properties has been compiled by R. Michael Jones, P.Eng, the President and Chief Executive Officer of the Company, and a non-independent Qualified
Person for purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”), based on the independent technical reports, and Press
Release Information filed by the Company with the Canadian securities regulators. For more detailed information regarding the Company and its mineral properties, you
should refer to the Company’s independent technical reports and other filings with the Canadian securities regulators, which are available at www.sedar.com. Scientific or
Technical information contained herein is derived from the Company’s technical reports which include more detailed information with respect to the Company’s properties,
including the dates of such reports and the estimates included therein, details of quality and grade of each resource, details of the key assumptions, methods and
parameters used in the resource estimates, a general discussion of the extent to which the resource estimates and the other estimates and projections included in the
reports may be materially affected by any known environmental, permitting, legal, taxation, socio-political, marketing, or other relevant issues.
Information included in this presentation, the Company’s independent technical reports and the Company’s other public statements related to its mineral properties has
been prepared in accordance with securities laws in effect in Canada. This presentation also contains information about adjacent properties on which the Company has no
right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This presentation is
not an offer to sell, or a solicitation to buy, any securities in any jurisdiction. The Toronto Venture Exchange has not reviewed and does not accept responsibility for the
accuracy or adequacy of this presentation, which has been prepared by the Company. Historical results presented herein are not guarantees or expectations of future
performance.
Certain of the statements made herein, including statements regarding the timing of future activities and achievements by the Company, future anticipated exploration and
development programs, business plans, potential mining scenarios and timing of production, business trends and future operating factors and anticipated supply and
deficits, are forward-looking and subject to important risk factors and uncertainties, many of which are beyond the Company’s ability to control or predict. In addition,
technical results constitute forward-looking statements to the extent that they represent, respectively, estimates of mineralization that may be encountered upon additional
exploration and estimates of the capital and operating expenses, metals and currency prices and other operating conditions that may be encountered in the future.
Forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive
uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such
factors include, among others: metals price volatility; demand and supply; additional fundraising requirements; defective title to mineral claims or property; discrepancies
between actual and estimated reserves and resources, between actual and estimated development and operating costs, between actual and estimated metallurgical
recoveries and between estimated and actual production; changes in national and local government legislation (including environmental legislation), taxation, controls,
regulations and political or economic developments in Canada, or other countries in which the Company does or may carry out business in the future; success of exploration
activities and permitting time lines; the speculative nature of mineral exploration, development and mining, including the risks of obtaining necessary licenses and permits;
dilution; competition; currency fluctuations; and loss of key employees. In addition, there are risks and hazards associated with the business of mineral exploration,
development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, mine collapses, cave-ins or flooding (and the
risk of inadequate insurance or inability to obtain insurance, to cover these risks).
The Company undertakes no obligation to update publicly or release any revisions to forward-looking statements to reflect events or circumstances after the date of this
presentation or to reflect the occurrence of unanticipated events.
Notice to US investors:
This presentation uses the terms “inferred mineral resources.” We advise U.S. investors that while these terms are recognized and required by Canadian regulations, the SEC
does not recognize them. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category. Under Canadian rules, estimates of
“inferred mineral resources” may not form the basis of a feasibility study or prefeasibility studies, except in rare cases. The SEC normally only permits issuers to report
mineralization that does not constitute “reserves” as in-place tonnage and grade without reference to unit measures. The terms “contained gold ounces” and “contained
silver ounces” used in this press release are not permitted under the rules of the SEC. U.S. investors are cautioned not to assume that any part or all of an inferred resource
exists or is economically or legally mineable.
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Why West Kirkland Mining?
WKM Regional Exploration
Large land packages in two of North America’s most prolific
gold-producing regions
Proven management team and veteran geologists with a
discovery track record working their respective trends
Building value
•
Defined gold resource
•
Partnered with Newmont
•
First gold deposit surrounded by 1000 square kilometers of
exploration ground
•
WKM land position is located adjacent to Newmont’s Long
Canyon properties
•
Newmont is actively drilling on exploration targets within Long
Canyon Trend
3
Share Structure (As of Oct 17, 2012)
ISSUED & OUTSTANDING:
Common Shares:
Institutions
37,893,336
(estimate)
50%
18,900,000
(Newmont 9.9%)
Management
(escrowed: 1,836,000)
18%
6,666,075
Public float
(estimate)
32%
12,200,000
WARRANTS & OPTIONS:
Warrants:
Stock Options:
FULLY DILUTED:
($0.60 to Jan. 20, 2014)
2,414,301
($1.50 to Nov. 22, 2012)
2,956,625
($0.20 to $1.10)
1,595,000
44,859,262
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Corporate Management – Board of Directors
R. Michael Jones, B.A.SC., P.Eng Director, President & CEO
President, Director and CEO of Platinum Group Metals. Co-founder of West Timmins Mining – purchased by Lake
Shore Gold Corp. in 2009. Co-founder of MAG Silver Corp. Founder of Glimmer Resources. Founder of companies
that have discovered four mines, including two gold mines in the Kirkland Lake – Timmins area.
Frank Hallam, B.B.A., C.A. Director, CFO & Corporate Secretary
Founder of New Millennium Metals Corp. - amalgamated with Platinum Group Metals Ltd., where he currently
serves as a director and CFO. Co-founder and director of MAG Silver Corp. Director of Lake Shore Gold Corp.
Pierre Lebel, Director
Chairman of Imperial Metals Corporation since 2003, prior President from 1986-2003. Extensive experience in
managing public companies serving as a director of a number of public companies during his career.
Eric Carlson, Director
Over 17 years of real estate investment, development, and management experience. President and Chief
Executive Officer of Anthem Properties Corp. since July 1994.
John S. Brock, Director
Over 40 years of service in an executive role with 20 public junior companies. Through these companies under his
management he has participated in 12 major mineral deposit discoveries worldwide.
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Technical Management – Local Gold Discovery Track Record
WKM’s management has discovery track record of several large-scale gold mines in the districts where we
are currently exploring. Our exploration managers are established and live in the gold districts where we
operate
R. Michael Jones, B.A.SC., P.Eng Director, President & CEO
Michael G. Allen, P. Geo. VP Exploration
A broad range of experience from grass roots exploration to underground development and mine
construction management in multiple deposit types and jurisdictions. Work history includes
DeBeers Canada, Rubicon Minerals, and Taseko Mines.
Rich Histed, B.A. Geo. Manager, USA
30 years experience in exploration of precious metals and other commodities with Homestake
Mining, Barrick Exploration USA, Golden Star Resources, North Mining and Reunion Gold. Nevada
experience includes resource definition at Archimedes and belt-scale exploration for Barrick.
Ken Kryklywy, P. Eng. Manager, Ontario and Quebec
Over 25 years working in Kirkland Lake and Timmins mining camps from grass roots exploration to
mine production. Previous 4 years with Northgate Minerals during prefeasibility stage for the
Young-Davidson project adjoining WKM. 17 years with Barrick including adding to reserves at the
Holt McDermott mine. Other work with Newmont at Holloway mine and with Kerr Addison.
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Nevada
Utah
USA Operations
Inset Map
Nevada
7
Significant Land Position in Proven Gold Belts
Nevada - 1,200 km2
Newmont Earn-in (Fronteer Gold, 11 Properties) – 234 km2
December 16, 2010
 WKM can earn up to 51% in all 11 properties by spending $15,400,000 over four
years
 $2,000,000 in year one, $3,000,000 in year two (completed)
 After year two, WKM can allow projects to drop off and continue payment on
project-specific basis
 WKM can increase interest to 60% with aggregate spend on any property
(including TUG) of $4,000,000 or a Prefeasibility on specific projects
TUG as of June 2012: $3,300,000 spent ($1,800,000 for 51%), additional $700,000
for WKM to earn 60%
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Significant Land Position in Proven Gold Belts
Rubicon Earn-in - 952 km2
June 27, 2011
 WKM can earn up to 51% in portion of property across the valley north east of the
Long Canyon Deposit by spending $15,000,000 in 4 years
 WKM has completed the first year’s expenditure, Phase 1 drilling completed
 WKM can increase earn up to 60% interest in “Class A” properties with additional
$4,000,000 or a Prefeasibility
Annual
Period
Annual Minimum of Exploration
and Development Expenses
Aggregate Exploration and
Development Expenses
1st year
$2,000,000
$2,000,000
2nd year
$3,000,000
$5,000,000
3rd year
$5,000,000
$10,000,000
4th year
$5,000,000
$15,000,000
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KB
Nevada – Long Canyon
12 Mile
60% WKM
40% Newmont, Others
Bandito
60% WKM
40% Rubicon
TUG
Lewis Spring
Newmont Mineral Interests
20 Km
51% WKM
25% Newmont
24% Rubicon
10 Mi
Utah
Toano
Newmont
Exploration
Drilling
60% WKM, 40% RMX
51% WKM, 25% NMC, 24% RMX
Long Canyon
Gold Deposit
60% WKM, 40% NMC, Others
Newmont Mineral Interests
10
10
TUG
–CompletedResults
Milestones
TUG Completed
 Optioned TUG December 2010 from Fronteer
 Spring 2012 commenced historic database compilation
 2012 completed confirmation and resource expansion drilling
 May 29, 2012 NI43-101 compliant resource estimate
 Identified a shallow oxidized Carlin style deposit with potential
for excellent return on investment
 Completed first earn-in (51%) on TUG project from Newmont
 Acquired a third party interest in TUG property and brought it
into the project
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TUG Resource (Caracle Creek International Consulting, May 29, 2012)
Area
Category
Quantity
(tonnes)1
Grade Au
g/t
Grade
Ag g/t
Grade
AuEq2
Ounces
Au
Ounces
Ag
Ounces
AuEq2
TUG
Inferred
27,110,000
0.49
15.8
0.78
431,400
13,844,800
679,000
1
Reported at a cut-off grade of 0.1 g/t Au. Mineral resources are not mineral reserves and do not
have demonstrated economic viability.
2AuEq was calculated assuming 100% metal recovery using a metal price ratio between Ag and
Au (Ag:Au)= 0.018 (AuEq= Au+(Ag*0.018)
Resource estimate completed by Jason Baker, P. Eng of Carcle Creek, an independent qualified
person as defined by NI 43-101
Resources do not have demonstrated economic viability
See detailed NI 43-101 report to be filed on SEDAR
Approximately 44% of the resource ounces in
34% of the tonnes within 40 meters of surface
12
TUG Resource Grade Sensitivity
Cut-Off
Tonnes
Au g/t
Ag g/t
AuEq g/t
Au Ounces
Ag Ounces
AuEq
Ounces
*0.1
27,110,000
0.49
15.8
0.78
431,400
13,844,800
679,000
0.2
22,430,000
0.57
18.0
0.89
408,100
13,019,600
642,000
0.3
16,690,000
0.67
21.9
1.07
362,200
11,726,000
573,300
0.4
11,960,000
0.80
25.8
1.27
309,400
9,921,300
487,900
0.5
9,090,000
0.92
28.8
1.43
267,900
8,408,300
419,200
0.6
7,350,000
1.00
31.0
1.56
237,400
7,331,300
369,400
These figures are not to be misconstrued as mineral resource as they
are intended for the sole purpose of demonstrating the sensitivity of
the resource estimate with respect to reporting cut-off grade.
*Base case reported at a cut-off of 0.1 g/t Au
13
TUG Mineralization
14
Open pit, heap leach grade and strip comparison
(g/t)
Source: Company records, rounded figures, includes inferred
Au to Ag ratio of 1:55
(x:1)
15
TUG Advantages
 Projected low strip ratio
 Historic metallurgical: 60% for Au, 40% Ag with a 3/8” crush
 Highest recoveries from pulverized samples by bottle roll, 89.6% of
gold, 66.4 % of silver
 Existing database of historic engineering work
 State administered permitting
 Easily accessible, excellent infrastructure
Shallow open pit oxide gold resources are getting rarer to find!
16
TUG –The Next Steps
 In-pit NI 43-101 Mineral Resource Estimate by Q1 2013
 Preliminary Economic Assessment by Q1 2013
 Metallurgical sampling by Q2 2013
 Construction permits by Q2 2013
 Operating permits by Q2 2014
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ENGINEERING & PLANNING
Drilling (Resource, Met, Geotech)
Resource Upgrade (Pit Constrained)
Metallurgical Testing
Preliminary Economic Assessment
Process & Detailed Engineering
CONSTRUCTION PERMITTING
Cultural Survey
Approval Order (Air)
Small Mine Operation Permit (10 acres)
Construction Permits, various
OPERATION PERMITTING
Large Mine Operation Permit
Ground Water Discharge Permit
Title V Operating Permit (Air)
CONSTRUCTION
Construction Phase (10 acres)
Construction Phase (full site)
Commissioning
18
Sep-14
Aug-14
Jul-14
Jun-14
May-14
Apr-14
Mar-14
Feb-14
Jan-14
Dec-13
Nov-13
Oct-13
Sep-13
Aug-13
Jul-13
Jun-13
May-13
Apr-13
Mar-13
Feb-13
Jan-13
Dec-12
Nov-12
TUG Timeline of Activities
TUG Conceptual Surface Layout
19
Nevada Regional Targets:
12 Mile
Near and Like TUG
Start Point
 Located 10 km west of TUG
TUG
 Possible additional feed to TUG
operation
12 Mile
Action
 Drilled 7 holes in 2012
 TUG equivalent grades encountered at
shallow depths
 Additional targets along strike
Utah
 Only southern eastern corner of property
explored to date
Long Canyon
Gold Deposit
20
12 Mile Geology
12 Mile
12 Mile
TUG Deposit
TUG Deposit
TUG
TUG
0.73 g/t Au
5 Kms
Area Enlarged
Area Enlarged
1.02 g/t Au
1.73 g/t Au
12M12-004 6.1 meters
@ 0.72 g/t Au, 2.19 g/t Ag
From 12.19m
Mc
2121
5 Kms
12 Mile Drill Results
Hole ID
From (m)
To (m)
Length (m)
Au g/t
Ag g/t
12M12-001
67.06
77.72
10.66
0.34
1.03
and
88.39
96.01
7.62
0.23
0.67
and
99.06
108.2
9.14
0.31
0.75
12M12-002
0
12.19
12.19
0.31
0.75
and
123.44
128.02
4.58
0.19
0.24
and
131.06
135.64
4.58
0.21
0.06
12M12-003
0
22.86
22.86
0.35
1.12
including
10.67
15.24
4.57
0.52
1.14
12M12-004
7.62
25.91
18.29
0.44
1.67
including
12.19
18.29
6.1
0.72
2.19
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Gold Mineralization in Long Canyon Trend
#247341
0.717 g/t Au
#247340
0.606 g/t Au 1.24 g/t Ag
1.42 g/t Ag
Long Canyon Deposit
#247343
#247342
0.526 g/t Au 0.403 g/t Au
1.11 g/t Ag 1.01 g/t Ag
12 Mile Drill Pad 3
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60% WKM, 40% RMX
Nevada - Toano
51% WKM, 25% NMC, 24% RMX
60% WKM, 40% NMC
Start Point
 Identified favourable structures, and
stratigraphy
WKM Work
 3,460 soil samples
 Reconnaissance mapping
 Up to 3.6 g/t Au in rock
Newmont Mineral Interests
±
Detailed Geological
Mapping
Results
Toano
Utah
 Multiple Au in soil anomalies parallel to Long
Canyon Trend with associated Ag, As, Sb up to
8 km long
 Drilling completed to date: 2 holes, 1,000
meters
TUG
Long Canyon
Gold Deposit
24
Toano
Nevada - Toano
Area Enlarged
2.2 g/t Au
1.4 g/t Au
3.6 g/t Au
1.5 g/t Au
25
Idealized Cross Section of Mineralized NE Trending Structural Zone in Toano
26
12 Mile
District Scale Targets
KB
TUG Deposit
N
Lewis Spring
TUG
Bandito
Patterson
Pass
High Au in
Stream Sediments
16 Km to Long Canyon Deposit
Toano
60% WKM, 40% RMX
51% WKM, 25% NMC, 24% RMX
60% WKM, 40% NMC, Others
2 Miles
Newmont Mineral Interests
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Upcoming Milestones
2012
Complete in-pit Resource Estimate
Initiate economic studies on TUG
Initiate permitting process
Metallurgical review
2013
 Drilling in Long Canyon Trend
 Submit TUG Large Mine permit application
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Kirkland Lake Operations
Kirkland Lake – 80 km2
Major gold bearing trend: Cadillac-Larder Lake Break
Cunningham - 10 km2
 Drilling to date has intersected high grade structures,
identified target for follow up drilling
 100% interest, east of AuRico’s 3.8 M oz Au Young-Davidson
project
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Macassa Mine
3.5 M oz Au
Kirkland Lake Gold Inc.
Kirkland Lake Drilling
Kirkland Lake
Cunningham Property
KC1008: 19.79 g/t Au over 7.9m
KC1163: 16.15 g/t Au
over 5.0m (85.7-90.7m)
Cunningham Drill Results
KM1125: 6.29 g/t Au
over 1.5m (62.5-64.0m)
Young-Davidson Mine
3.8 M oz Au
Aurico Gold
KC1134: 6.12 g/t Au
over 1.0m (9.5-10.5m)
Hole ID
From
(m)
To
(m)
Length
(m)
Au
(g/t)
KC1183
177.90
178.20
0.30
3.94
KC1184
25.00
28.50
3.50
2.24
KC1186
8.00
11.00
3.00
7.80
Incl.
8.00
9.00
1.00
20.10
KC1187
16.10
17.00
0.90
3.98
and
21.80
39.60
17.80
1.25
KC1194
33.20
35.20
2.00
3.69
and
74.00
75.50
1.50
3.73
KC1195
120.00
121.10
1.10
2.12
KC1163
85.70
90.70
5.00
16.15
Incl.
85.70
87.90
2.20
34.49
KC1164
92.00
93.90
1.10
6.42
30
WKM – Summary
 WKM controls a near surface significant gold resource in a mining
friendly jurisdiction
 Significant historical work to build off
 Short permitting timelines in Utah
 Potential synergies with additional discoveries in Long Canyon Trend
 In Canada, West Kirkland controls a significant land position along the
Cadillac Lake Larder Lake Break
Built in valuation: WKM fast-tracking the TUG deposit and continues to
explore its enormous land packages in USA and Canada
31
For More Information
R. Michael Jones
President & CEO
Office: 604 685-8311
[email protected]
Michael G. Allen
VP, Exploration
Office: 604 628-4709
[email protected]
Knox Henderson
Investor Relations
Office: 604 628-4717
[email protected]
Updated: 11/07/12
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