Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (July 2023)
30 slides from Kingston Resources's investor presentation, Jul 3, 2023
Slide 1: Long-term, Diversified Gold-Copper Producer
Long-term, Diversified Gold- Copper Producer Corporate Presentation Update July 2023 Andrew Corbett, Managing Director Mineral Hill delivering growth in gold and copper production 3.8Moz Misima Gold Project Definitive Feasibility Study complete ASX: KSN
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Forward looking statements: Certain statements contained in this presentation, including information as to the future financial or operating performance of KSN and its projects, are forward looking statements. Such forward looking statements: include, among other thi
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer Underground Production Target The LOM plan includes Mineral Resource Estimates from the Southern Ore Zone (SOZ) and Jack’s Hut to estimate the Production Target. All Ore Reserves and Mineral Resources underpinning this LOM plan have been prepared by Competent Persons
Slide 4: Company vision
Company vision Becoming a leading ASX-listed mid-tier gold and copper producer, pioneering excellence and delivering sustainable value to stakeholders Two advanced 100%-owned gold & copper projects Management team; jurisdictional experience and a track record of success Long-term diversified gold-co
Slide 5: A diversified portfolio of gold and copper projects
A diversified portfolio of gold and copper projects Unleashing exponential growth and value Misima Gold Project, PNG (100%) • DFS Validation: Affirming the potential for a robust, scalable, and low-cost open pit operation. • Production Potential: Anticipated gold production of ~2.4Moz over a 20-Year
Slide 6: Corporate snapshot
Corporate snapshot Current Directors & Management Share Price1 $0.08 Mick Wilkes Non-Executive Chairman 35+ years experience Shares on Issue 468.6M Andrew Corbett Managing Director 25+ years experience Market Capitalisation $36.6M Stuart Rechner Non-Executive Director 20+ years experience Enterprise
Slide 7: Mineral Hill Overview
Mineral Hill Overview Corporate Presentation July 2023 7
Slide 8: Mineral Hill – Evolution and Growth Phases
Mineral Hill – Evolution and Growth Phases Long life, strategic asset in the southern Cobar region Phase 3 Phase 2 Grow and Expand • Extend the LOM Phase 1 • Add quality throughput to maximise free cash flow. Open-pit and Underground Mining • Target flotation plant expansion from • Current LOM out t
Slide 9: Mineral Hill – strategic location
Mineral Hill – strategic location Significant organic and regional resource growth opportunities Abundance of gold-silver and polymetallic Cobar-style deposits within approved ML’s and within trucking distance of Mineral Hill processing plant Location 516km W of Sydney NSW in Cobar Basin Ownership 1
Slide 10: Mineral Hill – mining lease and infrastructure
Mineral Hill – mining lease and infrastructure Extensive existing infrastructure enables accelerated path to EL1999 gold-silver dore, copper, lead and zinc production Pearse Nth • History of underground and open pit mines. • Numerous gold-silver and polymetallic Cobar style mineral deposits all Mine
Slide 11: Mineral Hill – Initial LOM to 2027
Mineral Hill – Initial LOM to 2027 Key stages in implementing transformational growth at Mineral Hill Calendar Year 2023 2024 2025 2026 2027 Cash flow from Tailings Project Processing plant refurbishment Underground re-access works Underground resource drilling Open pit mining Open pit processing Un
Slide 12: Mineral Hill Mine – Resources & Reserves
Mineral Hill Mine – Resources & Reserves Attractive commodity base with significant growth potential • High grade Pearse open pit Mineral Resources. Total Mineral Resources • Polymetallic underground Mineral Resources. Deposit Kt Au Ag Cu Pb Zn Au Ag Cu Pb Zn • Additional resource areas to be estima
Slide 13: Mineral Hill – production outlook
Mineral Hill – production outlook Zinc Transitioning to open pit and underground mining Lead • Successful Tailing project delivering platform for growth Copper • LOM production target out to 2028 FY261 • Transition to open pit production in April 2024. Silver • High grade gold and silver from open p
Slide 14: Mineral Hill – leveraging existing gold production from the Tailings Project
Mineral Hill – leveraging existing gold production from the Tailings Project Tailings processing with CIL capacity up to 700ktpa • Optimised the Tailings Project; increased Gold Production throughput rates and increased recovery. oz Gold Sold (oz) AISC (A$/oz) • Gold production increased significant
Slide 15: Mineral Hill – Surface Mining
Mineral Hill – Surface Mining High-grade gold ore with silver credits • Two separate open pits Mining Unit Open pit at Pearse: Oxide Tonnes kt 7.8 • New pit at Pearse Sulphide Tonnes kt 250 North Total Ore Tonnes kt 258 • Deepening and cutback of Pearse Grades South Gold g/t 3.7 • All permits, manag
Slide 16: Mineral Hill – Underground Mining
Mineral Hill – Underground Mining Existing decline development minimises capital requirement to access high-grade ore Mining Physicals Unit Underground • Production target1 using the Southern Ore Zone (SOZ) and Jack’s Hut Mining MREs. Development Ore Tonnes kt 112 • Existing decline development redu
Slide 17: Advanced near mine development plan
Advanced near mine development plan Resource expansion strategy and near mine 5 EL1999 exploration • Drilling at Pearse North to test Inferred and for pit slope Pearse Nth analysis. • Drilling at SOZ to test Inferred and determine potential Pearse Sth stope spans. • Drilling from underground to test
Slide 18: Exploration within EL1999
Exploration within EL1999 Multiple drill targets to be tested • Several near mine targets with potential to significantly expand contained copper and gold. • Lead is the primary pathfinder element for polymetallic mineralisation. • Geochemical anomalies coincident with IP chargeability anomalies. ML
Slide 19: Regional exploration
Regional exploration Broader exploration strategy within EL8334 • Drilling to target coincident geophysical targets (gravity and induced polarisation). • Highly prospective geology and regional scale structures. • Lead in soil anomalies to be drill tested. • Land access agreements in progress. www.k
Slide 20: Misima Gold Project
Misima Gold Project Corporate Presentation July 2023 20
Slide 21: Misima Gold Project
Misima Gold Project PNG − home of world-class mines 6 Moz SIMBERI St Barbara 66 Moz LIHIR Newcrest Mining FRIEDA RIVER 17 Moz PanAust KAINANTU 24 PORGERA 2 K92 Mining 23 Moz PANGUNA Barrick Gold Moz Moz OK TEDI 27 Moz PNG Govt. WAFI-GOLPU 17 Morobe Mining JV Moz HIDDEN VALLEY 2 Harmony Gold WOODLARK
Slide 22: Misima – long-life, large scale gold project
Misima – long-life, large scale gold project 1.73Moz Reserve underpins long-life Misima Project1 • Total Mineral Resource of 169Mt @ 0.71g/t Au for 3.8Moz • Probable Ore Reserve increased by 28% to 76 @ 0.8 g/t for 1.73Moz • Ore Reserve –mine plan delivers 15-year mine life • Production Target – min
Slide 23: Misima – definitive feasibility and ore reserve
Misima – definitive feasibility and ore reserve1 Large scale, long-life, low-cost open pit gold and silver mine • High leverage opportunity on the gold price. 3.8Moz Gold 22.1Moz Silver • DFS uses $1,800/oz gold price and 0.7 AUD:USD. Resource Resource Gold price scenario of $2,000/oz lifts LOM NPV
Slide 24: Summary: focus on executing our clearly defined strategy
Summary: focus on executing our clearly defined strategy Leveraging existing gold-copper asset base while advancing future growth opportunities Experienced management team focused on maximising shareholder returns Mineral Hill holds an extensive Resource base, gold production and cashflow, outstandi
Slide 25: Appendix
Appendix Corporate Presentation July 2023 25
Slide 26: Mineral Hill Mine
Mineral Hill Mine Environmental and social licence to operate • Stakeholder engagement – excellent relationship with land- holders, community and Condobolin Chamber of Commerce • Mining Licences (ML) granted • Environment protection, cyanide and water permits in place • Environmental Bonds in place
Slide 27: Competent Person Statement
Competent Person Statement Competent Person’s Statement - Mineral Resource Reported in Accordance with 2012 JORC Code – Mineral Hill Competent Person’s Statement - Mineral Resource Reported in Accordance with 2012 JORC Code – Misima The information in this report that relates to the reporting of the
Slide 28: Mineral Hill – Resources and Reserves
Mineral Hill – Resources and Reserves Attractive commodity base with significant growth potential Total Probable Reserve Inventory Measured Resource Inventory Au Ag Au Ag Au Ag Cu Pb Zn Au Ag Cu Pb Zn Deposit Kt (g/t) (g/t) (Koz) (Koz) Deposit Kt (g/t) (g/t) % % % (Koz) (Koz) (Kt) (Kt) (Kt) TSF 1,17
Slide 29: Metal equivalents
Metal equivalents This presentation quotes metal equivalent grades for the life of mine plan, Mineral Resources and Ore Reserves. Price assumptions used are based primarily on consensus forecasts with adjustments based on company expectations. Gold equivalent (AuEq) conversion factors are used withi
Slide 30: Misima Gold Project – Resources & Reserves
Misima Gold Project – Resources & Reserves Misima Resources & Reserves Indicated Resource Inventory Misima Resources Total Au Ag C/O Au Ag Au Ag C/O Au Ag Deposit Mt (g/t) (g/t) (Moz) (Moz) Deposit Mt (g/t) (g/t) (Moz) (Moz) Umuna 93.5 0.78 4.3 0.3 2.4 13.1 Umuna 157.6 0.7 4.1 0.3 3.6 20.5 Ewatinona
Kingston Resources — Investor Presentation (July 2023) on 6ix