Slide 1: Mineral Hill Project: Data Mining for a Long Life
For personal use only Mineral Hill Project Data Mining for a Long Life Hardrock Mine SMEDG Technical Presentation 27th July 2023 Stuart Hayward, Chief Geologist 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 For personal use only 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: in
Slide 3: Important Notices and Disclaimer: Underground Production Target
Important Notices and Disclaimer Underground Production Target For personal use only 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 prepare
Slide 4: Company vision
Company vision Becoming a leading ASX-listed mid-tier gold and copper producer, pioneering excellence and delivering For personal use only sustainable value to stakeholders Two advanced 100%-owned gold & copper projects Management team; jurisdictional experience and a track record of success Long-te
Slide 5: A diversified portfolio of gold and copper projects
A diversified portfolio of gold and copper projects Unleashing exponential growth and value For personal use only Mineral Hill Mine, NSW (100%) • Well-funded: Estimated cash balance of AU$18.2M and existing operating cash flow from the Tailings Project. • Mining Expansion: Open pit and Misima Gold P
Slide 6: Corporate snapshot
Corporate snapshot For personal use only 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 $38.4M Stuart Rechner Non-Executive Director 20+ years
Slide 7: Mineral Hill Overview
For personal use only Mineral Hill Overview SMEDG Technical Presentation July 2023 7
Slide 8: Mineral Hill – strategic location
Mineral Hill – strategic location Significant organic and regional resource growth opportunities For personal use only 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 C
Slide 9: Mineral Hill – Evolution and Growth Phases
Mineral Hill – Evolution and Growth Phases Long life, strategic asset in the southern Cobar region For personal use only 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 f
Slide 10: Mineral Hill – mining lease and infrastructure
Mineral Hill – mining lease and infrastructure Extensive existing infrastructure enables accelerated path to EL1999 For personal use only gold-silver dore, copper, lead and zinc production Pearse Nth • History of underground and open pit mines. • Numerous gold-silver and polymetallic Cobar style min
Slide 11: Mineral Hill – Initial LOM to 2027
Mineral Hill – Initial LOM to 2027 Key stages in implementing transformational growth at Mineral Hill For personal use only 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
Slide 12: Mineral Hill Mine – Resources & Reserves
Mineral Hill Mine – Resources & Reserves Attractive commodity base with significant growth potential For personal use only • 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 resou
Slide 13: Mineral Hill – production outlook
Mineral Hill – production outlook Zinc Transitioning to open pit and underground mining For personal use only 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 gol
Slide 14: 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 For personal use only • Optimised the Tailings Project; increased Quarterly Gold Production throughput rates and increased recovery. Gold Sold (oz) AISC (A$/oz) • Gold pro
Slide 15: Mineral Hill – Surface Mining
Mineral Hill – Surface Mining High-grade gold ore with silver credits For personal use only • 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.
Slide 16: Mineral Hill – Underground Mining
Mineral Hill – Underground Mining Existing decline development minimises capital requirement to access high-grade ore For personal use only Mining Physicals Unit Underground • Production target1 using the Southern Ore Zone (SOZ) and Jack’s Hut Mining MREs. Development Ore Tonnes kt 112 • Existing de
Slide 17: Mine Ore Zones, Resource & Reserve Status
5 Yr Production & Development Plan Mineral Hill – Mine Ore Zones, Resource & Reserve EL1999 For personal use only Status 1. TSF1 KSN JORC 2012 Reserve 3 Pearse Nth 2. Pearse South KSN JORC 2012 Reserve 3. Pearse North KSN JORC 2012 Reserve 2 Pearse Sth 4. Southern Ore Zone KSN JORC 2012 Resource • S
Slide 18: Advanced near mine development plan
Advanced near mine development plan Resource expansion strategy and near mine 4 EL1999 For personal use only exploration FY23/24 • 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. 3 • D
Slide 19: Resource Development and Exploration Strategy
For personal use only Mineral Hill Resource Development and Exploration Strategy SMEDG Technical Presentation July 2023 19
Slide 20: Production & Development Plan
Production & Development Plan Aiming for new mine production from late 2023 – enhance existing Resources & Reserves + Discovery For personal use only 2022 2023 2024 2025 2026+ Tailings production Pearse South/Pearse North SOZ underground Jacks Hut Parkers Hill / GD 140 Drilling Development Productio
Slide 21: Exploration & Resource Definition Strategy
Exploration & Resource Development Update Exploration & Resource Definition Strategy For personal use only Growing the Company by Growing Mineral Hill Strategic Aims: Define new mine production from late 2023 1. Mine Lease Areas (ML) (4.85 km2) underpinned by existing resource and reserve base Enhan
Slide 22: Mineral Hill Regional Context
For personal use only Mineral Hill Regional Context SMEDG Technical Presentation July 2023 22
Slide 23: Exploration & Resource Development Update agenda
Exploration & Resource Development Update Agenda For personal use only • Regional Context • EL8334 Review and Target Generation • EL1999 Review and Target Generation • Mineral Hill Resource Development update Mineral Hill Project Area viewed to the Southeast (Foreground Pearse North – Pearse South;
Slide 24: Regional Context: metallogenic and structure framework
Mineral Hill District - Regional Context Regional scale metallogenic and structure framework For personal use only • Regional scale metallogenic and structure framework • Controlling mineral system location and development - deep tapping magmatic fluid pathways • Gilmore Fault Zone (Gilmore Suture)
Slide 25: Regional Context: metallogenic and structure framework (magnetics)
Mineral Hill District - Regional Context Regional scale metallogenic and structure framework For personal use only • Regional scale metallogenic and structure framework • Controlling mineral system location and development - deep tapping magmatic fluid pathways • Framework manifest as breaks and off
Slide 26: Regional Geophysics - Gravity
Mineral Hill District - Regional Context Regional Geophysics - Gravity For personal use only • Major crustal structures • Gravity • Resistivity contrasts in magnetotellurics (MT) • Change in Ordovician basement geology from Adaminaby Group to Girilambone Group • Coincident: o Gilmore Fault Zone o De
Slide 27: Mineral Systems & Target Type
Mineral Hill District - Regional Context Mineral Systems & Target Type W Gilmore Fault Zone E For personal use only Target Type: Orogenic Mineral Systems • Granite fluid & metal source • Structure pathways • Host rock traps • Preservation Prospective for: • Cobar type Zn-Pb-Ag • Cobar type Cu-Au • L
Slide 28: Mineral Hill District – Geology
Mineral Hill District - Regional Context Mineral Hill District – Geology For personal use only • EL 1999 and EL 8334 cover a NW-trending corridor - the Canbelego – Mineral Hill Belt. • The licences host Ordovician Girilambone Group overlain by Early Devonian rocks and Quaternary cover. • The oldest
Slide 29: Mineral Hill District – Geology and Deposit Styles
Mineral Hill District - Regional Context Mineral Hill District – Geology and Deposit Styles For personal use only • Gilmore Fault Zone striking N-NNW (orogenic Au, e.g. Mt Boppy) • Devonian Yarra Yarra Creek Group sediments and limestone (carbonate replacement e.g. Manuka) • Siluro-Devonian granite
Slide 30: Key Exploration Tools and Concepts
Mineral System Approach to Exploration and Evaluation Key Exploration Tools and Concepts For personal use only Deposit and lode specific metal zonation and pathfinder elements (Compound projection from the east) Schematic cross section of geophysical features associated with the Cypress (1969-1970)
Slide 31: EL8334 Exploration and Targets
For personal use only Mineral Hill EL8334 Exploration and Targets SMEDG Technical Presentation July 2023 31
Slide 32: EL8334 Exploration: District scale review
EL8334 Exploration EL8334 Exploration For personal use only • District scale review – geology & geophysics • Mineral systems approach to better understand prospectivity and exploration potential • Reporting and data of c. 36 previous explorers • Previous exploration data sourced from Minview (GSNSW
Slide 33: EL8334 Target Summary
EL8334 Exploration EL8334 Target Summary For personal use only EL8334 targets • Prospective geological units • 40+ line km of Pb-Zn-+/-Cu in soil geochemistry anomalies • Multiple Au-As in soil geochemistry anomalies • Coincident complex AEM response • Existing detailed gravity data • 5 principal ta
Slide 34: EL8334 FY24-25 Focus Areas
EL8334 Exploration EL8334 FY24-25 Focus Areas For personal use only • Aim: assess and explore and turnover targets areas in the next 2 year period • Strategy: Focus on known Base metal and precious metal target areas from historical data • Staged assessment • EL wide geophysical target assessment an
Slide 35: EL1999 & ML Exploration and Targets
For personal use only Mineral Hill EL1999 & ML Exploration and Targets SMEDG Technical Presentation July 2023 35
Slide 36: Solid Geology and Target Systems
EL1999 & ML Exploration Yarra Yarra Ck. Gp. (Dev.) Solid Geology and Target Systems For personal use only Girilambone Gp.. • Structurally controlled mineralisation (Ord.) • Polymetallic base metal breccia & veins • + low sulphidation epithermal Au, Au-Ag • + shear controlled Qz-Sulphide Au-Ag-(Sb-As
Slide 37: EL1999 & ML IP & Gravity Survey Coverage
EL1999 - ML Exploration EL1999 & ML IP & Gravity Survey Coverage For personal use only Simplified EL 1999 historic geophysical surveys. Simplified EL 1999 Geophysics anomalies (Gravity – IP Chargeability with overlay of regional magnetics and topography linears) www.kingstonresources.com.au I ASX: K
Slide 38: Near Mine Drill Targets
Near Mine Drill Targets Multiple drill targets to be tested within EL1999 and ML For personal use only • 15 new near mine targets with potential to significantly expand contained copper and gold • Multiple untested targets: none of the exploration targets have been previously drill-tested • Focus on
Slide 39: EL1999 - ML Surface Pb Geochemistry
EL1999 - ML Exploration EL1999 - ML Surface Pb Geochemistry For personal use only • Pb- Primary Pathfinder Element for polymetallic mineralisation • Coincident with IP Chargeability Anomalies • Broadly aligned with magnetics linears and domains • Coincident Cypress Pines Pb-Cu SE of ML area • Develo
Slide 40: Bogong RAB Target
EL1999 - ML Exploration Bogong RAB Target Best in Hole Pb+Zn+Cu ppm Max. Pb ppm For personal use only RAB Geochemistry • Bogong Prospect • 500m untested geochemistry – IP Chargeability and gravity anomaly • Pb- Primary Pathfinder Element for polymetallic mineralisation • Anomaly characteristic of ne
Slide 41: EL1999 - ML Target Consolidation
EL1999 - ML Target Consolidation Working consolidation of targets and areas of interest For personal use only • Pb- Primary Pathfinder Element for polymetallic mineralisation • Coincident with IP Chargeability Anomalies • Broadly aligned with magnetics linears and domains • Multiple untested targets
Slide 42: EL1999 FY24 Exploration
EL1999 Exploration FY24 Exploration For personal use only • Strategy: Explore for near surface mineralisation as potential open pit ore source • Aim: assess and explore and maximise target turnover in FY24 1. Scout RC drilling selected targets in June-July Q1 FY4 • Focus on new base metal and precio
Slide 43: MLEXP FY24 Exploration
MLEXP Exploration FY24 Exploration For personal use only • Aim: assess and explore and turnover targets areas in the next 12 month period • Strategy: Explore for near surface mineralisation as potential open pit ore source 1. Scout RC drilling selected targets in June-July CY23 • Reconnaissance dril
Slide 44: ML Exploration RC Drilling
ML Exploration ML Exploration RC Drilling For personal use only • Drilling of selected targets within the ML area commenced Bogong • 10-hole program completed for 1923 m Bogong RAB • 2 RC holes in EOZ extension- testing v-high Area 6 grade Au intercepts along strike • 3 RC holes into Ashes Graben an
Slide 45: Project Development & Critical Minerals Projects
For personal use only Mineral Hill Project Development & Critical Minerals Projects SMEDG Technical Presentation July 2023 45
Slide 46: Pearse North Geotechnical and Design Parameters
Project Development Mineral Hill – Pearse North Geotechnical and Design Parameters For personal use only • 5 diamond drill holes completed for 329.8m • Optimised to test behind pit walls and cross dominant NNE (GDA) structure trends • Geotechnical laboratory testwork complete • Preliminary laborator
Slide 47: Critical Minerals and High-tech Metals Project: SOZ Geotechnical
Project Development Critical Minerals and High-tech Metals Project SOZGT01 For personal use only SOZ GEOTECHNICAL • 4 geotechnical DDH into upper A-lode for 924.8m • Geotechnical and geology logging complete • Geotech samples at laboratory for testing • Review of historical data and stope performanc
Slide 48: TSF Definition Drilling and MRE Update
Project Development TSF Definition Drilling and MRE Update For personal use only • Program of 41 sonic drill holes planned in August 23 • 15 to define base of TSF • Twin holes – historical assay verification • 23 to define the geometry and geochemistry of under wall & near wall tailings • Duration a
Slide 49: SOZ Infill and Extension Drilling
Project Development SOZ Infill and Extension Drilling For personal use only • Detailed design and planning of SOZ u/g DH commenced (c.6000-6500m) • Aim 1: Inferred to Indicated conversion via infill drilling • Aim 2: Incremental additions at the edges and along strike of lode structures • Strategy:
Slide 50: 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 For personal use only Experienced management team focused on maximising shareholder returns Mineral Hill holds an extensive Resource base, gold production a
Slide 51: Appendix
For personal use only Appendix SMEDG Technical Presentation July 2023 51
Slide 52: 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. • Envi
Slide 53: Drilling & Exploration Specific ASX Releases FY22 & FY23
Mineral Hill Project Drilling & Exploration Specific ASX Releases FY22 & FY23 For personal use only https://kingstonresources.com.au/investor-centre/asx-announcements/ • 2022.02.07 Exploration Drilling Underway at Mineral Hill • 2022.04.08 Outstanding High-grade Gold Hits at Pearse North • 2022.04.1
Slide 54: 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 55: Mineral Hill – Resources and Reserves
Mineral Hill – Resources and Reserves Attractive commodity base with significant growth potential For personal use only 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) (
Slide 56: Metal equivalents
Metal equivalents For personal use only 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
Slide 57: 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