Kingsrose Mining Ltd · ASX:KRM
Kingsrose Mining — Corporate Update (January 2009)
5 slides from Kingsrose Mining's corporate update, Jan 21, 2009
Slide 1: Market Update
Kingsrose Mining Limited For personal use only Market Update David Hatch Managing Director 21 January 2009
Slide 2: Placement
Placement For personal use only 9,700,000 shares issued to non-related parties at an issue price of 10 cents per share raising $970,000 for short term working capital needs.
Slide 3: Way Linggo
Way Linggo For personal use only General Meeting of shareholders approves all resolutions in regard to Kingsrose’s acquisition of 85% interest in Way Linggo project in Indonesia. Advice that New Mining Law enacted in December 2008 not expected to change the Contract of Work conditions for P.T. N
Slide 4: Alimak Raise Progress
Alimak Raise Progress For personal use only Cross section looking North. Alimak raise from 1020mRL adit is confirming 3-D grade distribution and geotechnical ground conditions.
Slide 5: Comet Vale
Comet Vale For personal use only Ore parcel of 4,262 tonnes at 14.7g/t toll treated in December 2008. Proceeds of $1.1 million due at end of January 2009. Less than 5 metres depth of water remaining to commence re-establishing access to 4 level in Sand Queen shaft. Next ore parcel scheduled