Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Noosa Mining Conference July 2018
26 slides from Kingston Resources's conference presentation, Jul 18, 2018
Slide 1: Advancing the 2.8Moz Misima Gold Project
Advancing the 2.8Moz Misima Gold Project ACN 009 148 529 Noosa Mining Conference July 2018 T: +61 2 8021 7492 For personal use only www.kingstonresources.com.au Misima Mine, mid 1990’s
Slide 2: Overview
Overview Flagship 2.8Moz Misima Gold Project in Papua New Guinea For personal use only – 1989-2004 Placer Pacific mined 3.7Moz Au and 22Moz Ag at a historical LOM cash cost of $US218/oz Au – Decision to close made in 1999 due to low gold price. Significant value remains in-situ, with further upside
Slide 3: Corporate Snapshot
Corporate Snapshot Capital Structure Board and Management For personal use only Shares on issue 1,214,961,029 shares Chairman Anthony Wehby FCA, MAICD Market capitalisation (@ A$0.024) A$29.2m Managing Director Andrew Corbett BE (Hons) MBA Cash on hand (as at March 31, 2018) A$5.6m Executive Directo
Slide 4: Project Overview: Misima Gold Project
Project Overview: Misima Gold Project For personal use only Existing 2.8Moz resource, – 82.3Mt @ 1.1 g/t Au & 5.3 g/t Ag * Current resource remains open along strike and down dip Long mining history – multi million ounce endowment Historical production averaged 230,000oz pa with peak production of 3
Slide 5: Misima: Past success
Misima: Past success Placer produced 3.7Moz Au and 22Moz Ag For personal use only Open Pit mined from 1989 to 2001 Stockpiled ore treated to 2004 Mill nameplate 5.5Mtpa, achieved 6.9Mtpa LOM recoveries, gold 91.7% and silver 48% Low cost milling driven by “soft” free milling ore 1 Processed 90Mt ove
Slide 6: Misima: Positive operating parameters
Misima: Positive operating parameters Long mining history 1888 – 1889: Gold first discovered For personal use only 1910 – 1944: Underground mining produced over 230,0000oz at +9 g/t 1989 – 2004: Open pit mining produced 3.7Moz Au & 22Moz Ag 1999: Decision to close due to sub USD$300/oz gold price Pr
Slide 7: Multiple exploration targets
Multiple exploration targets For personal use only Umuna Extensions: 2.8Moz Au resource open along strike and down dip – potential for shear-hosted and skarn mineralisation Misima North: >4km untested strike open to the north, supported by historic u/g mining, geochemistry and recent structural revi
Slide 8: Sampling and current drill targets
Sampling and current drill targets Field work commenced December 2017 – initial success with discovery of new prospect at Ginamwamwa located next to former mill For personal use only Best channel sample of 14m at 12.24 g/t Au and 35.5 g/t Ag, 2m channel samples up to 39.5 g/t Au * Initial targets fo
Slide 9: Umuna extension provides exploration upside
Umuna extension provides exploration upside Phase I drilling targets resource extension at depth where resource is currently drill constrained For personal use only Resource limited by shallow depth of drilling over much of Umuna’s strike length Average historic hole depth ~119m with only 9% of hole
Slide 10: Active work program planned at Misima
Active work program planned at Misima Phase I For personal use only Established extensional drilling exploration team Underway Complete Commence Commence feasibility field work work Umuna North Commence geochemical Underway Phase II Environmental field work extensional studies begin Complete and inf
Slide 11: Project Overview: Livingstone Gold Project
Project Overview: Livingstone Gold Project For personal use only Located 140km NW of Meekatharra in Western Australia over 220km2 Historic WMC soil anomaly at Livingstone’s Find hosts numerous old workings Livingstone North historical underground mined ~1,260oz at avg 21.65 g/t Au (1939) Livingstone
Slide 12: Livingstone Gold Project
Livingstone Gold Project Homestead Prospect holds a 49,000 JORC 2004 Inferred Resources with high grade results: For personal use only – 18m @ 7.85 g/t from 68m – 5m @ 20.5 g/t from 3m – 14m @3.49 g/t from 2m – 7m @ 12.59 g/t from 35m – 18m @ 3.03 g/t from 45m Auger program around tenements confirme
Slide 13: Peer comparison
60 80 200 0 20 100 160 120 180 40 140 For personal use only Azumah Resources Nusantara Kingston Resources Anova Metals Sihayo Gold OreCorp Geopacific Resources Capricorn Metals Excelsior Gold Limited Cardinal Resources Kin Mining Prodigy Gold De Grey Mining Peer comparison Echo Resources Eastern Gol
Slide 14: In summary
In summary A 2.8Moz Au resource that is growing in scale and grade through exploration For personal use only Highly credible global JV partners in Nippon Metals and Mitsui Aiming to re-establish Misima as a large scale and low cost open pit gold mine Livingstone Gold Project in WA also has considera
Slide 15: Contact
Contact Andrew Corbett – Managing Director For personal use only Chris Drew – Chief Financial Officer P: +61 2 8021 7492 E: info@kingstonresources.com.au Kingston Resources Limited 205/283 Alfred St, North Sydney NSW 2060, Australia www.kingstonresources.com.au Research Coverage Bridge Street Capita
Slide 16: Appendices
Appendices For personal use only • Misima Resource • Misima Production Advantage • Exploration: – Umuna Extensions – Misima North – Umuna East Side – Quartz Mountain • Merger with WCB Resources • Board and Management 16
Slide 17: Misima Resource
Misima Resource ▪ November 2017, JORC2012 Resource of 82.3Mt at 1.1 g/t for 2.8Moz 1 For personal use only Deposit Material Resource Cutoff Tonnes Gold Silver Au Moz Ag Moz Category (g/t Au) (Mt) (g/t Au) (g/t Ag) Umuna Sub-total Indicated 0.5 37.2 1.1 4.9 1.3 5.8 Inferred 0.5 38.4 1.0 6.1 1.3 7.5 T
Slide 18: Misima Production Advantage
Misima Production Advantage For personal use only Papua New Guinea: Current Infrastructure: • PNG is currently 14th largest gold producer • Commercial airport, 3 flights per week globally, 60 tonnes pa • Hospital, schools, banking, accommodation • Transparent, stable mining regulations and • Two por
Slide 19: Exploration: Umuna Extensions
Exploration: Umuna Extensions ▪ Placer’s focus on mining the Umuna reserve has left multiple extensional prospects untested For personal use only ▪ With the prevailing low gold price, Placer had little incentive to pursue exploration opportunities outside the reserve ▪ Historic drilling outside the
Slide 20: Exploration: Misima North
Exploration: Misima North ▪ Recent structural work has elevated exploration potential at Misima North, suggesting previous drilling has not properly For personal use only tested the shear position ▪ Known anomalism and mineralisation at Misima North East is indicative of supergene leakage from the s
Slide 21: Exploration: Umuna East Side
Exploration: Umuna East Side ▪ Mineralised structures splaying southeast off the Umuna Shear, highlighted by structural mapping, For personal use only geochemistry and artisanal mining ▪ Strike lengths >1km with potential for significant extensions ▪ Channel sampling by Placer & WCB includes: Kuluma
Slide 22: Exploration: Umuna East Side continued
For personal use only Exploration: Umuna East Side continued Artisanal mining Ginesia splay, August 2017 Artisanal mining Grants splay, 2015 estimated 50-60 m vertical height 22
Slide 23: Exploration: Quartz Mountain
Exploration: Quartz Mountain For personal use only ▪ Quartz Mountain hosts a small resource, but drilling has been limited ▪ Historic drilling at Quartz Mountain include: ▪ 10m @ 3.06g/t Au from 108m to end of hole in ERC693 ▪ 12m @ 4.13g/t Au from 116m in EMD701 ▪ 14m @ 2.28g/t Au from 76m in ERC22
Slide 24: Merger with WCB Resources
Merger with WCB Resources ▪ Kingston Resources merged with WCB Resources under a successful Canadian Plan of Arrangement on 17 November 2017 For personal use only ▪ WCB was subsequently delisted from the TSX ▪ KSN then assumed management of the Misima Gold Project located in Papua New Guinea ▪ KSN c
Slide 25: Board and Management
Board and Management Anthony Wehby – Chairman Anthony was a founding director and former Chairman of Aurelia Metals Ltd, an ASX listing mining company, in his role oversaw the progression of the company from exploration through to production. Prior roles include Chairman of Tellus Resources and a di
Slide 26: Disclaimer
Disclaimer Forward Looking Statements Certain statements contained in this presentation, including information as to the future financial or operating performance of Kingston Resources Limited (“KSN”) and its projects, are forward looking statements. Such forward looking statements: For personal use
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