ASX Release

NEW HIGH GRADE COPPER LENSE AT BLIND CALF

Kidman Resources Limited (“Kidman” or the “Company”)

has received assay results from 5 further holes in the

recently completed 19 hole RC drilling program at the

company’s Blind Calf and Wilmatha projects in central NSW.

Results from the remaining 8 holes are awaited.

HIGHLIGHTS

Kidman has now identified four high grade vertical

Copper lenses at narrow spacing, open at depth.

Further exploration continues.

Significant New High Grade Eastern Copper lense

80m east of Dunbar lense. Results include

­ 12m @ 2.00% Cu from 75m (KC44) including

5m @ 3.02% Cu

High Grade Copper mineralisation extended down

plunge at Dunbar lense (KC42) by approximately

50 meters, still open at depth. Results include

­ 3m @ 2.41% Cu from 153m (KC42) including

1m @ 4.5% Cu

IP survey completed – awaiting 3D inversion

model

Remaining assays for current drill program still

pending with new drill program planned for

December

These significant results (Table 1) further confirm the

Cobar style of mineralization at the company’s wholly

owned Blind Calf prospect in the Cobar region of central

NSW where mineralization is shear hosted in high grade

lenses (>4% Cu) with narrow width and strong vertical

plunge lengths.

The intersection of a new high grade lense 80m

east of the Dunbar lode is considered highly

significant. This provides further confirmation of a

Cobar style deposit which typically consist of

multiple narrow high grade lenses observed at

Glencores CSA Mine and YTC Resources Nymagee

deposits.

Drill hole KC44 was designed to target mineralization

down plunge at the Dunbar’s lode. The drill hole was

collared at -65 degrees to allow for lift similar to that

experienced on surrounding holes but the trajectory

18th November 2011

Kidman Resources Limited (ASX:

KDR) is an Australian listed company focused on the exploration and development of its Base Metal and Rare Earths discoveries in New South Wales and the Northern Territory.

ASX Codes: KDR – Ordinary Shares KDRO – Listed Options

Market Cap: $14.33m @ $0.33 per share (17/11/2011)

Projects: Crowl Creek (100%) – Copper/Silver/Gold /Lead/Zinc – Lachlan Fold Belt, Central NSW Hale River (100%) – Rare Earths – Alice Springs NT

Investment Highlights: - 23m @7.07% Cu from 24m at Blind

Calf NSW prospect

- Multiple Copper lodes identified at Blind Calf prospect open at depth

- Follow up drilling program to test vertical continuity and near surface potential

- Hale River rock chip sampling yielded up to 1.66% REO

Issued Capital: 42,572,508 ordinary shares 10,601,252 listed options (20c Nov 2013)

Directors: Garrick Higgins – Non Exec Chairman Shane Mele – Executive Director Andrew McIlwain- Non Exec Director Nicholas Revell – Non Exec Director

Company Secretary: Melanie Leydin

Principal Place of Business Suite 3, Level 4

12-20 Flinders Lane Melbourne VIC 3000 Phone: +61 3 9671 3801 Fax: +61 3 9671 2347 email: info@kidmanresources.com.au

Web: www.kidmanresources.com.au

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of the hole stayed relatively straight. As a result the hole didn’t reach the target zone, but it did

intercept a new high grade copper lense (Thomas) approximately 80m East of Dunbars.

This provides Kidman with a fourth significant Copper lense in the Dunbar/Blind Calf region. KC44

intercepted 12m @ 2.00% from 75m including 5m at 3.02% Cu. The Company will extend

KC44 with diamond drilling to test the original target zone, and also plans to test the down plunge

and lateral extent of the new Thomas copper lense during the next phase of drilling which is planned

to commence as soon as the results of the IP survey become available (1-2 weeks).

Further to the success of drillhole KC44, the company is also very pleased to announce that drill hole

KC42 extended the high grade copper mineralisation down plunge by a further 50 meters at

the Dunbars lode with 3m @ 2.41% Cu from 153m including 1m @ 4.5% Cu. As drill hole KC42

was collared at -60 degrees it lifted slightly therefore the intersection is close to true width.

Figure 1. Long Section – Blind Calf Prospect with previous and current best drillhole intercepts

Blind Calf is located approximately 60km north west of Condobolin in central NSW. The Company

has completed an RC drilling program designed to test extensions to the copper mineralization

discovered at the Dunbars and Blind Calf lodes (Refer to Figure 1). These lodes are two of several

copper lodes identified at Kidman’s Blind Calf prospect.

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As well as drill testing the Dunbars and Blind Calf lodes the company also undertook drill testing

around E Bowketts shaft, located to the south of Blind Calf, and first pass drilling at the company’s

nearby Wilmatha tenement. Wilmatha is located approximately 12km east of Blind Calf and 8 RC

drill holes have been completed in the current program. The drilling at Wilmatha will test beneath

historic shallow copper workings where rock chip samples from nearby dumps assay up to 7%

copper and 13g/t silver.

The remaining assay results from the holes in the Wilmatha drilling program are expected to be

received within the next few weeks.

The Company has recently completed an IP survey at the Blind Calf Prospect. The IP survey covers

an area of 1.5 x 1.2km containing all currently known copper lenses within the Blind Calf Prospect.

The data will be processed by a consultant geophysicist who will provide Kidman with a 3D inversion

model. Results of this survey are expected to be available within 1-2 weeks.

Table 1. Recent Significant Drill Results (intervals are downhole widths)

HOLE ID FROM

(m) TO (m)

INTERVAL (m)

Cu (%) Ag (g/t) Au (g/t) Target

KC33 92 102 10 2.8 3.8 0.2 Dunbar Lode

including 92 97 5 5.1 6.7 0.4

KC35 109 110 1 1.4 Blind Calf Lode

KC36 141 148 8 2.75 3.2 NSR Blind Calf Lode

including 143 147 4 4.0 4.7 NSR

KC37 25 27 2 1.2 Dunbar Lode

KC39 45 46 1 1.15 E.Bowketts

KC40 4 7 3 0.4 NSR NSR Dunbar Lode

KC41 Results await Wilmatha

KC42 153 156 3 2.4 3 NSR Dunbar Lode

KC43 Requires ext. Blind Calf Lode

KC44 75 87 12 2.0 2.2 NSR "New" East Lense

including 81 86 5 3.0 3.56 NSR

KC44 Requires ext. Dunbar Lode

KC45 Results await Wilmatha

KC46 Results await Wilmatha

KC47 Results await Wilmatha

KC48 Results await Mahgalore

KC49 Results await Mahgalore

KC50 Results await Mahgalore

KC51 Results await Mahgalore Drillhole location and survey still subject to verification. Blind Calf assay intervals are riffle split on 1m intervals and assayed by ALS Minerals using 4-acid digestion followed by ICP-MS or ICP-AES

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Figure 2. Dunbar Cross Section – Latest Intercepts and “New” east lense

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Figure 3. Blind Calf Cross Section – Latest Intercepts

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Figure 4. Location Map for Kidman projects in Central NSW

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For more information about Kidman Resources please contact;

Shane Mele (Executive Director) Media enquiries to;

or Martin Donohue Lahra Carey

Media & Communications

Phone: 03-96713801 Phone: 03-9685 3193 or 0414 632982

Email: info@kidmanresources.com.au Email: lahra.carey@bigpond.com

The information in this release that relates to exploration results and geological interpretation has been compiled by Mr Shane

Mele BSc, (Hons) M.Econ.Geol., MAusIMM. Mr Mele is a Member of the Australian Institute of Mining and Metallurgy and he

has sufficient experience with the style of mineralisation and types of deposits under consideration, and to the activities

undertaken, to qualify as a competent person as defined in the 2004 Edition of the "Australian Code for the Reporting of

Exploration Results, Mineral Resources and Ore Reserves (The JORC Code) for reporting the exploration results. Mr Mele

consents to the inclusion in this report of the contained technical information in the form and context in which it appears.

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