Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Shareholder Meeting (December 2021)
26 slides from Kingston Resources's shareholder meeting presentation, Dec 14, 2021
Slide 1: Annual General Meeting – Managing Director's Presentation
For personal use only Annual General Meeting Managing Director’s Presentation 14 December 2021 Andrew Corbett, Managing Director ✓ Immediate production and cash-flow ✓ Exceptional exploration upside ✓ Enhanced platform for growth ASX: KSN
Slide 2: Disclaimer – Forward Looking Statements
Disclaimer 2 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 statements. Such forward looking statements: For personal u
Slide 3: Disclaimer – Competent Person's Statement
Disclaimer 3 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 documen
Slide 4: Executive Summary
4 Executive Summary Delivering on-strategy, 2021 has been a transformational year For personal use only • Kingston to acquire the Mineral Hill Gold-Copper Mine1 (100%) in NSW • Fully approved with extensive on-site infrastructure including modern 400ktpa CIL plant and 350ktpa flotation circuit and u
Slide 5: A Strong, Diversified Platform for Growth
5 A Strong, Diversified Platform for Growth Super-charging our growth strategy in the Asia-Pacific region For personal use only Misima (100%) PNG 1 • Gold & Silver • DFS underway, targeting +130,000oz pa • Open pit, brownfields development • Reserves - 1.35Moz Au & 6.5Moz Ag • Resources - 3.8Moz Au
Slide 6: Mineral Hill Overview
6 For personal use only Mineral Hill Overview www.kingstonresources.com.au I ASX: KSN
Slide 7: Mineral Hill – Overview
7 Mineral Hill Mine – Overview Established gold and copper mine in the Cobar Basin For personal use only Location 516km W of Sydney NSW in Cobar Basin Ownership 100% Tenement package 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
Slide 8: Immediate Gold Production
8 Mineral Hill Mine – Immediate Gold Production Production from tailings already underway For personal use only • Ore Reserve 1.81Mt @ 1.13g/t Au1, recoverable 42,600oz • Target production of 40,000oz over 29 months at AISC A$1550 - 1650/oz ✓ Project approvals April 2021 TSF1 ✓ Plant upgrades comple
Slide 9: Near-Mine Exploration Missing Link
9 Mineral Hill Mine – Near-Mine Exploration Missing Link Outstanding near-mine exploration1 8.0m @ 9.13g/t Au & 5.6g/t Ag 21.0m @ 5.41g/t Au & 0.6g/t Ag & 1.28% Cu For personal use only Pearse North 21.0m @ 2.41g/t Au & 0.6g/t Ag 15.6m @ 13.30g/t Au, 114g/t Ag 22.1m @ 5.30/t Au & 1.6g/t Ag 17m @ 4.4
Slide 10: Production opportunities – Southern Ore Zone & Parkers Hill
10 Mineral Hill Mine – Production opportunities Southern Ore Zone & Parkers Hill1 For personal use only Long Section of SOZ • Extensive development in place at SOZ underground • Open pit potential at Parkers Hill • Resource: 1.78Mt @ 1.79g/t Au, 18g/t Ag, 1.2% Cu, 1.2% Pb, 1.0% Zn • Resource (JORC 2
Slide 11: Mine Development
Mineral Hill Mine – Mine Development 11 Aiming for new mine production from late 2023 underpinned by existing Resource base For personal use only 2021 2022 2023 2024 2025+ Tailings production Pearse/Pearse North SOZ underground Parkers Hill open pit Jacks Hut/GD 140 Drilling Development Production •
Slide 12: Misima Overview
12 For personal use only Misima Overview www.kingstonresources.com.au I ASX: KSN
Slide 13: Misima Gold Project – PNG a world class geological setting
13 Misima Gold Project PNG a world class geological setting MISIMA PROJECT 600km from Port Moresby 6 For personal use only SIMBERI St Barbara Moz 66 DFS underway VISION Moz LIHIR Newcrest Mining “Building a mid-tier gold leader” FRIEDA RIVER 17 Moz PanAust KAINANTU 24 PORGERA 2 K92 Mining 23 Moz PAN
Slide 14: Misima Pre-Feasibility & Ore Reserve
14 Misima Gold Project Misima Pre-Feasibility & Ore Reserve 1 For personal use only 3.8Moz Gold 22.1Moz Silver Resource Resource 1.35Moz Gold 6.5Moz Silver Ore Reserve Ore Reserve Misima: the next 130Kozpa Production low-cost, large-scale gold at AISC A$1,159/oz, $822m pre-tax NPV with producer in t
Slide 15: Misima Definitive Feasibility Study & Approvals Update
15 For personal use only • Misima Gold Project Definitive Feasibility Study (DFS) advancing: • Metallurgical testing complete • Geotechnical drilling complete • Detailed site survey complete Misima Definitive • Major engineering packages underway Feasibility Study & • Resource update complete in Sep
Slide 16: Misima Exploration Strategy
16 Misima Gold Project Misima Exploration Strategy • Current Misima Resource is open at depth and drill-constrained For personal use only • Exploration focus remains on near-surface mineralisation, with key exploration targets including: • Abi: Follow-up discovery hole GDD0441 ► 23.6m @ 2.91g/t Au f
Slide 17: Community Support: The Key to Success
17 Misima Gold Project Community Support: The Key to Success For personal use only Misima Councillors’ meeting 130-year history of mining experience Skilled resident workforce, with +100 FIFO Misima residents Strong local support of Kingston’s program, residents keen to see mine re-open Community de
Slide 18: Summary
18 For personal use only Summary www.kingstonresources.com.au I ASX: KSN
Slide 19: Kingston Resources Limited – The newest ASX listed gold producer
19 Kingston Resources Limited The newest ASX listed gold producer For personal use only Compelling • Outstanding opportunity that delivers immediate cashflow • Established project with existing gold and copper deposits and multiple high grade investment exploration targets that can provide growth an
Slide 20: Additional Information
20 For personal use only Additional Information www.kingstonresources.com.au I ASX: KSN
Slide 21: Board and Management
Kingston Resources Limited 21 Board and Management For personal use only MICK WILKES ANDREW CORBETT STUART RECHNER TONY WEHBY Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Mick is a seasoned mining professional Andrew is a highly experienced mining Stuart is
Slide 22: ESG
22 Mineral Hill Mine – ESG Environmental and social licence to operate in place 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 i
Slide 23: Resources & Reserves
23 Mineral Hill Mine – Resources & Reserves Attractive commodity base with significant growth potential For personal use only Gold equivalent resource Zinc 7% Reserves by commodity Silver Deposit Kt Au (g/t) Ag (g/t) Au (Koz) Ag (Koz) 9% TSF 1,810 1.13 43 Copper Pearse 83 5.12 85 14 227 38% Pearse N
Slide 24: Resources & Reserves – Inventory Tables
24 Mineral Hill Mine – Resources & Reserves Attractive commodity base with significant growth potential For personal use only Measured Resource Inventory Au Ag Cu Pb Zn Au Ag Cu Pb Zn Total Reserve Inventory Proved Probable Deposit kt (g/t) (g/t) % % % (koz) (koz) (kt) (kt) (kt) Au Ag Au Ag Au Ag Au
Slide 25: Au Equivalent Calculation Metrics
Mineral Hill Mine – Resources & Reserves 25 Au Equivalent Calculation Metrics 1. Au Eq conversion factors are calculated by dividing price/unit for each commodity (Ag/oz, Cu/t, Pb/t, Zn/t) by the price/oz of gold. Gold Equivalent Formula: For personal use only 2. Recoveries based on historical produ
Slide 26: Misima Gold Project – Resources & Reserves
26 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
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