Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Ord Minnett East Coast Mining Conference 2022
31 slides from Kingston Resources's conference presentation, Mar 30, 2022
Slide 1: Asia-Pacific Gold Producer, Developer and Explorer
For personal use only ASX: KSN Asia-Pacific Gold Producer, Developer and Explorer Ord Minnett East Coast Mining Conference 30-31 March 2022 Andrew Corbett, Managing Director ✓ Mineral Hill Gold-Copper Mine in NSW ✓ Flagship 3.8Moz Misima Gold Project in PNG www.kingstonresources.com.au I ASX: KSN
Slide 2: Disclaimer
Disclaimer Forward Looking Statements Disclaimer Exploration by Other Explorers For personal use only Certain statements contained in this presentation, including No representation or warranty, express or implied, is made This presentation contains information sourced from information as to the futu
Slide 3: Our Vision: ASX listed mid-tier Asia-Pacific gold producer
Our Vision is to create an ASX listed mid-tier gold producer operating in the Asia-Pacific Led by an experienced and qualified management team with a proven track record for creating value by developing and operating gold mines For personal use only Two 100%-owned Gold Current Gold & Silver Exceptio
Slide 4: Investment Summary
Investment Summary For personal use only Misima Gold-Silver Project (100%) in PNG • Major Resource upgrade to 3.8Moz1 Misima Gold Project, including 2.5Moz of gold in the indicated category • Definitive feasibility study (DFS) and reserve update to be reported in Q2 2022. • Targeting a +130,000oz pa
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only Current Directors & Management Share Price1 $0.165 Mick Wilkes Non-Executive Chairman 35+ years experience Shares on Issue 412.7M Andrew Corbett Managing Director 25+ years experience Market Capitalisation $68.1M Stuart Rechner Non-Executive Director 15+ year
Slide 6: Mineral Hill Overview
For personal use only Mineral Hill Overview Ord Minnett East Coast Mining Conference | March 2022 6
Slide 7: Mineral Hill – Project Summary
Mineral Hill – Project Summary Established gold and copper mine in the Cobar Basin For personal use only Location 516km W of Sydney NSW in Cobar Basin Ownership 100%: 20 ML’s (4.85km2) & 2 EL’s (335km2) Reserves1 71,163 Au oz Resources1 469,217 Au equiv oz (38% Cu, 35% Au) 2 Orebody Low-sulphidation
Slide 8: Mineral Hill – Strategic Growth Channels
Mineral Hill – Strategic Growth Channels Future growth embedded in existing asset base For personal use only Production & cash flow • Targeted gold production of 1200 – 1500 ounces/ month over the next 24 months via processing of tailings through the existing CIL plant • Positive cash flow expected
Slide 9: Extensive Infrastructure Base at Mineral Hill
Extensive Infrastructure Base at Mineral Hill Providing a platform for growth with organic expansion opportunity For personal use only Process Facilities • Independent plant valuation $74m, including recent refurbishments Change Rooms 7 totalling $6m for tailings Office processing Workshop • C
Slide 10: Production from Existing Gold Tailings Project
Production from Existing Gold Tailings Project Positive cash flow expected in March 2022 For personal use only • Ramping up the Mineral Hill Mine since the acquisition in January this year • Mining and processing rates have increased to 700,000 tonnes per annum, in line with the feasibility design •
Slide 11: Production & Development Plan
Production & Development Plan Aiming for new mine production from late 2023 For personal use only 2021 2022 2023 2024 2025+ Tailings production Pearse South/Pearse North SOZ underground Parkers Hill open pit Jacks Hut/GD 140 Drilling Development Production • Focus on readying Pearse open pits and SO
Slide 12: Outstanding Development Targets Included in Resource
Outstanding Development Targets Included in Resource No Resource Historic High-Grade Gold-Copper Results For personal use only 4 1 Jacks Hut Pearse North 49m @ 1.8% Cu, 0.76g/t Au, 3.3g/t Ag 15.6m @ 13.30g/t Au, 114g/t Ag 30m @ 1.1% Cu, 0.15g/t Au, 2.7g/t Ag 17m @ 4.48g/t Au, 8.7g/t Ag 1 6 28m @ 1.0
Slide 13: 15,000m Drilling Program Underway
15,000m Drilling Program Underway Exploration focused on Brownfields Targets at Mineral Hill For personal use only • 15,000m drill program focused on near-mine or brownfields targets within existing Mining leases (ML) targeting: • Near-surface extensions of existing Resources and Reserves and target
Slide 14: Pearse South and Pearse North
Pearse South and Pearse North Diamond Drilling Underway For personal use only • Program aimed at re-establishing mine production following completion of the tailings processing operation • Diamond and Reverse Circulation (RC) Drilling underway at Pearse South and Pearse North targeting Resource and
Slide 15: Southern Ore Zone (Cu-Au-Zn-Pb-Ag)
Southern Ore Zone (Cu-Au-Zn-Pb-Ag) Diamond Drilling Underway For personal use only • Targeting re-establishment of the historic underground mine at SOZ - leveraging the existing decline development and infrastructure • Extensive development in place at SOZ underground - significantly reducing develo
Slide 16: Regional Exploration Upside
Regional Exploration Upside Under-explored with multiple Gold and Copper targets For personal use only Figure: EL1999 Mineral Exploration Licenses EL1999 and EL8334 represent a exploration map first-class exploration footprint in the Cobar Basin Mineral Hill lies within a north to north-west trendin
Slide 17: Misima Update
For personal use only Misima Update Ord Minnett East Coast Mining Conference | March 2022 17
Slide 18: PNG − Home of World-Class Mines
PNG − Home of World-Class Mines 6 For personal use only Moz SIMBERI St Barbara 66 Moz LIHIR Newcrest Mining FRIEDA RIVER 17 Moz PanAust KAINANTU 24 PORGERA 2 K92 Mining 23 Moz PANGUNA Moz Barrick Gold Moz OK TEDI 27 Moz PNG Govt. WAFI-GOLPU 17 Morobe Mining JV Moz HIDDEN VALLEY 2 Harmony Gold WOODLA
Slide 19: Misima – Pre-Feasibility & Ore Reserve
Misima – Pre-Feasibility & Ore Reserve1 Large scale, long-life, open pit Gold and Silver Mine For personal use only 3.8Moz Gold 22.1Moz Silver 130Kozpa Resource Resource Production at AISC 1.35Moz Gold 6.5Moz Silver A$1,159/oz, Ore Reserve Ore Reserve 17-year life of mine Substantial Extensive $822m
Slide 20: Misima Definitive Feasibility Study & Approvals Update
Misima Definitive Feasibility Study & Approvals Update For personal use only • Misima Gold Project Definitive Feasibility Study (DFS) nearing completion • Resource update complete in September 2021, 39% increase in Indicated Resource to 2.5Moz. • Environmental and Social Impact Assessment (ESIA) wor
Slide 21: Sustainability & Community at Misima
Sustainability & Community at Misima For personal use only Misima locals PNG nationals Expatriates Safety People Placer 1989-03 79% 5% 17% • Zero LTI’s • PNG employees +90% Kingston current 78% 20% 2% • COVID-19 Management Plan • Skilled resident workforce Misima School’s year-7 excursion to core ya
Slide 22: Umuna Deposit: 3.6Moz Resource
Umuna Deposit: 3.6Moz Resource1 Umuna Resource: 158Mt @ 0.70g/t Au, 4.1g/t Ag For personal use only Exceptional upside potential: • 59% of Resource in Indicated classification (2.4Moz) • Resource is open with outstanding potential to grow • Shallow drilling, with average hole depth of ~119m and only
Slide 23: Misima Exploration Strategy
Misima Exploration Strategy For personal use only Current Misima Resource is open at depth and drill-constrained Exploration focus remains on near-surface mineralisation, with key exploration targets including: • Abi: Follow-up discovery hole GDD0441 • 23.6m @ 2.91g/t Au from 7.4m, incl. 13.5m @ 4.6
Slide 24: Summary: Focus on Executing our Clearly Defined Strategy
Summary: Focus on Executing our Clearly Defined Strategy For personal use only Production Growth Embedded in Existing Asset Base • Current gold production, cashflow, and existing Resource base at Mineral Hill provide a solid platform for growth • Exceptional large-scale production opportunity at Mis
Slide 25: Appendix
For personal use only Appendix Ord Minnett East Coast Mining Conference | March 2022 25
Slide 26: Disclaimer
Disclaimer Competent Person’s Statement - Mineral Resource Reported in Accordance with 2012 JORC Code – Mineral Hill The information in this report that relates to the reporting of the Mineral Hill Mine Mineral Resource Estimate is based on and fairly represents, information and supporting documenta
Slide 27: Mineral Hill – Resources by Classification
Mineral Hill Mine Mineral Hill − Resources by Classification For personal use only Reserves Resource by Classification Kt Deposit Kt Au (g/t) Ag (g/t) Au (Koz) Ag (Koz) Measured 12% 698 Gold equivalent resource TSF 1,810 1.13 43 Indicated 77% 4,542 by commodity Pearse 83 5.12 85 14 227 Inferred 11%
Slide 28: Mineral Hill Mine – Resources & Reserves
Mineral Hill Mine – Resources & Reserves Attractive commodity base with significant growth potential For personal use only Total Reserve Inventory Proved Probable Measured Resource Inventory Au Ag Au Ag Au Ag Au Ag Au Ag Au Ag Au Ag Cu Pb Zn Au Ag Cu Pb Zn Deposit kt (g/t) (g/t) (koz) (koz) kt (g/t)
Slide 29: Au Equivalent Calculation Metrics
Mineral Hill Mine – Resources & Reserves Au Equivalent Calculation Metrics For personal use only • Au Eq conversion factors are calculated by dividing price/unit for each commodity (Ag/oz, Cu/t, Pb/t, Gold Equivalent Formula: Zn/t) by the price/oz of gold. Au Eq = ((Au Oz * r) + (0.014 * Ag Oz * r)
Slide 30: Environmental and social licence to operate
Mineral Hill Mine Environmental and social licence to operate For personal use only • 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 • Environm
Slide 31: Misima Gold Project – Resources & Reserves
Misima Gold Project – Resources & Reserves Misima Resources & Reserves For personal use only 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
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