Carmen

The Carmen deposit encompasses approximately 20 hectares an hosts the majority of the Resource ounces on Monterde. A total of 595 drill holes totalling 131,959 m have been drilled on the Carmen deposit to date. During April, 2008 a diamond drill rig capable of drilling to depths in excess of 800 m was mobilized to the Monterde property. A total of 18 holes were completed between April and July, 2008 including two holes for grade comparison with previous reverse circulation drill holes. A total of 8,023 m of core was drilled at Carmen between April and July, 2008.

The principal objective of the drilling was to test for the down dip continuity of mineralization at Carmen.

The results of a number of the holes drilled in the 2008 program at Carmen showed that highgrade
gold-silver mineralization was intercepted on certain sections at considerably greater
depths than previously drilled. Full details of all significant drill results can be seen in the
Kimber press releases issued between June and September, 2008.

Since the completion and disclosure of Kimber’s NI 43-101 compliant mineral resource estimate for Carmen in July, 2006, the company has drilled an additional 18 core holes and 125 reverse circulation drill holes on the Carmen deposit. In addition, 121 previously drilled, non-geotechnical core holes have been added to the resource database. During 2008 and 2009 the principal focus on the Carmen deposit has been the compilation of all geologic data to better understand the geological controls for preparation of resource estimates and on the distribution of high and low recovery zones for silver within the deposit. This work along with all drill data is the basis for the revised mineral resource estimate for the Carmen zone.

Resource Estimate

In December 2009 the Company announced an updated mineral resource estimate for the Carmen and Veta Minitas Deposits, Monterde Project”, This estimate defines high grade gold-silver mineral resource estimates with estiimated metallurgical recoveries, which lie within an overall significantly larger, lower grade mineral resource. In respect of the Carmen deposit this new mineral resource estimate is based on 587 drill holes and 329 metallurgical tests completed to date. The mineral resource estimate for the Veta Minitas deposit is based on 64 drill holes and 17 metallurgical tests. The mineral resource estimates of the Carmen and Veta Minitas deposits have been created after a thorough geological and metallurgical review.

Mineral Resource Estimate

Base Case High Grade Mineral Resource Estimate for Carmen Deposit
(At a 3g/t Recoverable Gold Equivalent Cut-off)

The high grade resource lies within an overall halo of lower grade mineralization.  The base case total resource estimate, inclusive of the high grade estimate, is tabulated below.

Base Case Total Mineral Resource Estimate (inclusive of High Grade) for Carmen Deposit
(At a 0.3g/t Recoverable Gold Equivalent Cut-off)

 The mineral resource estimates were prepared by Mr. Gary Giroux, P.Eng., a senior associate
of Micon and the results are effective at November 17, 2009. This mineral resource estimate was prepared using a three dimensional block model and ordinary kriging of 6 x 6 x 6 m blocks. The estimation of grades was constrained by models of the geological and mineralized zones created by Kimber geological staff under the supervision of Mr. Petrus (Marius) Maré, P.Geo, Vice-President Exploration, and the designated Qualified Person (QP) for the Monterde project. Models of the geology and mineralization of gold and silver

at Carmen were reviewed and approved by Mr. B. Terrence Hennessey, P.Geo., of Micon. The wireframes of the high grade and low grade gold and silver mineralization were interpreted into various sub-domains to optimize the sample search orientation by Pierre Desautels, P.Geo., of PEG Mining Consultants Inc. The gold and silver metallurgical recovery models, for the Carmen and Veta Minitas deposits, used to calculate gold and silver recoveries by block and gold equivalent grade by block were prepared by Kimber staff and consultants, and reviewed and approved by Richard Gowans, P.Eng., President of Micon.