Kingsrose Mining Ltd · ASX:KRM
Kingsrose Mining — Corporate Update (January 2009)
6 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
Slide 6: Competent Person Statement
Competent Person Statement For personal use only The information in this report that relates to exploration results, mineral resources and ore reserves is based on information compiled by Dr. Michael Andrews B.Sc. (Hons) Ph.D., who is a Fellow of the Australasian Institute of Mining and Metallurgy,