Kingston Resources Ltd. · ASX:KSN
Kingston Resources — RIU Sydney Resources Round-up 2019
23 slides from Kingston Resources's conference presentation, May 7, 2019
Slide 1: Corporate Presentation May 2019 - RIU Sydney Resources Round-up
205/283 Alfred St, North Sydney, NSW 2000 ACN 009 148 529 For personal use only T: +61 2 8249 4968 www.kingstonresources.com.au Corporate Presentation May 2019 RIU Sydney Resources Round-up
Slide 2: 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 For personal use only statements. Such forward looking statem
Slide 3: Investment Overview
Investment Overview For personal use only Misima Gold Project Aim: The next low cost, large scale, gold producer in Asia Pacific Livingstone Gold Project A high grade WA gold opportunity 3
Slide 4: Project Summary
Project Summary Focused gold company with two advanced exploration projects: For personal use only • Misima Gold Project (KSN +75%) • Scale: a 2.8Moz1 JORC Resource, 82.3Mt @ 1.1 g/t Au & 5.3 g/t Ag • Potential: multiple untested targets over 8km of prospective strike; enormous upside potential from
Slide 5: Misima: 2019 to test new targets
Misima: 2019 to test new targets 2018: For personal use only ✓ Increased ownership from 49% to 70% ✓ Appointed drilling contractor on island ✓ Established community development roadmap ✓ Confirmed downdip extensions of Umuna pit ✓ Discovered new untested prospects from geochem & channel sampling 201
Slide 6: Misima: Multiple exploration targets
Misima: Multiple exploration targets Umuna Extensions: 2.6Moz Au resource For personal use only 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 KSN structura
Slide 7: Misima: New targets delivering upside
Misima: New targets delivering upside Ginamwamwa : High grade, near surface, starter pit? For personal use only • Misima field work commenced December 2017 delivering immediate success with discovery of a new prospect, Ginamwamwa, located adjacent to former mill site, a first pass initial drill prog
Slide 8: Misima: Further regional exploration targets
Misima: Further regional exploration targets Kingston has identified priority surface targets, drilling is underway For personal use only Quartz Mountain Misima North - Ara Creek • Hosts small resource, but limited historic drilling. Best holes • Untested 4km strike potential north of old pit includ
Slide 9: Misima: 2.8Moz and growing
Misima: 2.8Moz and growing Umuna: Resource extension Umuna drilling highlights:1 For personal use only Resource upside potential at Umuna • 40m @ 3.17 g/t Au and 10.88 g/t Ag, from 234m • The current resource is currently drill constrained – long • including 6m @ 14.06 g/t and 13.33 Ag, from section
Slide 10: Misima: Active work program advancing
Misima: Active work program advancing For personal use only 2017 2018 2019 2020 Establish exploration team Update JORC Resource Commence regional fieldwork Exploration environmental approvals Complete earn-in toQ4 70% 2017 H2 2018 CY2019 Phase 1 Drilling: Resource extension Phase 2 Drilling: Regiona
Slide 11: Misima landowners' support drives success
Misima landowners’ support drives success • Misima has 130 years of successful and profitable gold For personal use only mining with active artisanal mining today. • Highly trained and educated resident workforce, with over +100 FIFO Misima residents. • Kingston Project Manager, Charles Yobone worki
Slide 12: Misima Project History
Misima Project History Misima Gold Project (+75%) For personal use only Misima statistics from Placer Pacific Annual Reports 1989 – 2004 2 Reserve grade at end of1990 1.26 g/t Au • Existing 2.8Moz resource:1 Grade milled between 1991 and 2004inclusive 1.53 g/t Au – 82.3Mt @ 1.1 g/t Au & 5.3 g/t Ag G
Slide 13: Livingstone: Gold Project (75%)
Livingstone: Gold Project (75%) • Located 140km NW of Meekatharra in Western For personal use only Australia over 220km2 • Historic WMC soil anomaly at Livingstone’s Find hosts numerous old workings • Homestead Prospect holds a 49,000oz JORC 20041 and high grade shallow drilling intersections: • 18m
Slide 14: Livingstone: Gold Project
Livingstone: Gold Project Kingsley discovery1 For personal use only 1. KSN announcements 11/10/18 & 5/11/18 14
Slide 15: Peer comparison
Peer comparison For personal use only Notes: • EV calculated as market capitalisation as at 22 Feb 2018 plus reported net debt as at Dec 31, 2018 • Resource ounces used are Total Resources and include varying compositions of Measured, Indicated and Inferred. • Companies which have released a BFS/DFS
Slide 16: Top Australian and PNG gold deposits
Top 25 Australian and PNG gold deposits Top 25 Australian and PNG gold deposits Total Resource1 Contained For personal use only Ore Grade Au No. Location Mine Owner mt g/t Moz 1 PNG Lihir Newcrest 690 2.30 50.0 2 Australia Cadia/Ridgeway Newcrest 3,170 0.37 38.0 3 PNG Wafi-Golpu Newcrest/Harmony Gol
Slide 17: $4.3m Placement and $4.0m Entitlement Offer
$4.3m Placement and $4.0m Entitlement Offer • Kingston has successfully completed a $4.3m placement For personal use only Capital Structure Market capitalisation (@A$0.019) $23.2m • Two new substantial shareholders to hold approx. 10% of KSN post Placement and Entitlement Offer Shares on issue 30 Ap
Slide 18: In summary
In summary Misima Gold Project (KSN +75%) For personal use only • Scale: Misima 2.8Moz Au resource that is growing in scale and grade through exploration • Location: Favourable PNG island location, proven geological setting • Potential: Aim to re-establish Misima as a large scale and low cost open p
Slide 19: 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 20: Appendix: Board and Management
Appendix: Board and Management Anthony Wehby – Chairman For personal use only 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 Chair
Slide 21: Appendix: Misima Resource
Appendix : 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.
Slide 22: Appendix: Misima Production Advantage
Appendix : Misima Production Advantage Papua New Guinea: Misima: Approvals: ➢ Proven geological domain ➢ Island location, Melanesian culture ➢ Transparent, stable mining regulations For personal use only and approvals process ➢ Large scale Au + Cu projects ➢ Supportive local landowners ➢ Proven appr
Slide 23: Appendix: Data Sources
Appendix : Data Sources EV/Oz and Total Resource Charts – Slide 16 - Resource data for the included companies is sourced from the following announcements or reports Company Release Date Announcement/Report Anova Metals 19 October 2018 2018 Annual Report For personal use only Azumah Resources 28 Sept
Kingston Resources — RIU Sydney Resources Round-up 2019 on 6ix