Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (February 2023)
29 slides from Kingston Resources's investor presentation, Feb 21, 2023
Slide 1: Corporate Presentation February 2023
For personal use only Asia-Pacific Gold and Copper Mining company Corporate Presentation February 2023 Andrew Corbett, Managing Director ✓ Mineral Hill delivering growth in gold and copper production ✓ 3.8Moz Misima Gold Project Definitive Feasibility Study complete ASX: KSN www.kingstonresources.co
Slide 2: Disclaimer
Disclaimer Forward Looking Statements Disclaimer Exploration by Other Explorers For personal use only Certain statements contained in this presentation, including No representation or warranty, express or implied, is made as This presentation contains information sourced from information as to the f
Slide 3: Our Vision is to Create an ASX Listed Mid-tier Gold & Copper Producer
Our Vision is to Create an ASX Listed Mid-tier Gold & Copper Producer Led by an experienced and qualified management team with a proven track record for creating value by developing and operating gold mines For personal use only Current Gold & Silver Two 100%-owned Gold Large-scale, long-life, low-c
Slide 4: Investment Summary
Investment Summary For personal use only Misima Gold-Silver Project (100%) in PNG • DFS confirms potential for a large-scale, long-life, low-cost operation • Forecast gold production of ~2.4Moz open pit gold mine over 20-year mine life • Pre-tax Net Present Value (NPV) of A$956 million • LOM revenue
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only Current Directors & Management Share Price1 $0.10 Mick Wilkes Non-Executive Chairman 35+ years experience Shares on Issue 413.4M Andrew Corbett Managing Director 25+ years experience Market Capitalisation $41.6M Stuart Rechner Non-Executive Director 20+ years
Slide 6: Overview Mineral Hill
For personal use only Overview Mineral Hill
Slide 7: Mineral Hill – An Attractive and Strategic Asset
Mineral Hill – An Attractive and Strategic Asset Established gold and copper mine in the Cobar Basin For personal use only Location 516km W of Sydney NSW in Cobar Basin Ownership 100%: 20 ML’s (4.85km2) & 2 EL’s (335km2) Reserves1 64,286 Au oz Resources1 661,741 Au equiv oz (42% Cu, 29% Au) 2 Struct
Slide 8: Mineral Hill – Record Gold Production from Tailings
Mineral Hill – Record Gold Production from Tailings Tailings processing running at a 690ktpa run rate For personal use only Gold sold & AISC A$/oz 4,000 3,500 3,000 2,500 2,433 2,000 2,079 1,500 1770 1,000 500 0 Q1 CY2022 Q2 CY2022 Q3 CY2022 Q4 CY2022 • Commercial production in Q2 CY2022 • January 2
Slide 9: Production & Development Plan
Production & Development Plan Targeting copper production in late 2024 For personal use only 2022 2023 2024 2025 2026+ Tailings production – Au & Ag Pearse Open pits – Au & Ag SOZ UG – Cu & Au Jack’s Hut UG – Cu & Au Parkers Hill / GD 140 Drilling Development Production • Tailings production forecas
Slide 10: Mineral Hill Mine – Resources & Reserves
Mineral Hill Mine – Resources & Reserves Attractive commodity base with significant growth potential For personal use only www.kingstonresources.com.au I ASX: KSN
Slide 11: Outstanding Development Targets Included in Resource
Outstanding Development Targets Included in Resource No Resource Historic high-grade gold-copper results1 For personal use only 4 1 Jacks Hut Pearse North 49m @ 1.8% Cu, 0.8g/t Au, 3.3g/t Ag 15.6m @ 13.3g/t Au, 114g/t Ag 30m @ 1.1% Cu, 0.2g/t Au, 2.7g/t Ag 17m @ 4.5g/t Au, 8.7g/t Ag 1 6 28m @ 1.0% C
Slide 12: Diamond Drilling: Pearse South and Pearse North
Diamond Drilling: Pearse South and Pearse North High-grade gold hits from initial drilling at Pearse North For personal use only • Current drilling confirms the presence of mineralisation outside the historic Ore Reserve pit shell, set at US$1300/oz Au. • Significant high-grade gold results received
Slide 13: Diamond Drilling: Southern Ore Zone
Diamond Drilling: Southern Ore Zone (Cu-Au-Zn-Pb-Ag) Significant increase in Mineral Resources, plus outstanding copper and gold drilling results For personal use only • Significant increase in Mineral Resources at SOZ in Nov 2022 • New MRE has increases of 114% in tonnage, 54% in gold and 64% in co
Slide 14: Diamond Drilling: Jack's Hut Copper and Gold
Diamond Drilling: Jack’s Hut Copper and Gold Shallow copper and gold hits from initial drilling at Jack’s Hut For personal use only • Jack’s Hut represents a prospective low cost, near-term copper production opportunity with potential to be incorporated into or extend the LOM mine plan that is being
Slide 15: Regional Exploration Upside – EL1999
Regional Exploration Upside EL1999 - multiple new priority targets identified For personal use only Mineral Exploration Licenses EL1999 and EL8334 represent a first-class exploration 5 footprint in the Cobar Basin, which hosts numerous gold and copper-gold 4 occurrences and operating mines Five exci
Slide 16: Regional Exploration Upside – EL8334
Regional Exploration Upside EL8334 – numerous targets NW of Mineral Hill For personal use only Walkers Hill Extensive geological work has been undertaken to consolidate data and knowledge of advanced targets. 1. Claytons Dam Prospect (gold) 2. Walkers Hill (gold-copper) 3. Long Panel Mine (polymetal
Slide 17: Update Misima
For personal use only Update Misima
Slide 18: PNG − Home of World-Class Mines
PNG − Home of World-Class Mines 6 For personal use only Moz SIMBERI St Barbara 66 Moz LIHIR Newcrest Mining FRIEDA RIVER 17 Moz PanAust KAINANTU 24 PORGERA 2 K92 Mining 23 Moz PANGUNA Moz Barrick Gold Moz OK TEDI 27 Moz PNG Govt. WAFI-GOLPU 17 Morobe Mining JV Moz HIDDEN VALLEY 2 Harmony Gold WOODLA
Slide 19: Misima – Definitive Feasibility & Ore Reserve
Misima – Definitive Feasibility & Ore Reserve1 Large scale, long-life, low-cost open pit Gold and Silver Mine For personal use only 3.8Moz Gold 22.1Moz Silver 2.4Moz Resource Resource Production at AISC 1.73Moz Gold 4.1Moz Silver A$1,217/oz Ore Reserve Ore Reserve 20-year life of mine LOM Revenue $6
Slide 20: Reserve Upgrade
Reserve Upgrade 1.73Moz Reserve underpins long-life Misima Project For personal use only Misima Gold Project Resource & Reserve Mineral Resources Mt Au g/t Au Moz Indicated 98 0.79 2.5 Inferred 71 0.59 1.4 Total Resource 169 0.71 3.8 Ore Reserve Mt Au g/t Au Moz Probable Reserve 75.6 0.79 1.73 • 28%
Slide 21: Misima Definitive Feasibility Site and Plant Layout
Misima Definitive Feasibility Site and Plant Layout Excellent infrastructure and proven accessibility For personal use only Misima Gold Project Site Layout Misima Gold Project Plant Layout Access is in place to the existing Misima Island infrastructure Simple layout, utilising previous plant locatio
Slide 22: 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 01 shareholder returns Mineral Hill delivers extensive Resource base, gold 02 produc
Slide 23: Appendix
For personal use only Appendix
Slide 24: Mineral Hill Mine – 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 • Environm
Slide 25: Disclaimer – Competent Person's Statement
Disclaimer 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 documenta
Slide 26: Mineral Hill − resources by classification
Mineral Hill Mine Mineral Hill − resources by classification For personal use only Reserves Resource by Classification Kt Deposit Kt Au (g/t) Ag (g/t) Au (Koz) Ag (Koz) Measured 6% 434 Gold equivalent resource by commodity TSF 1,171 1.07 40 Indicated 66% 4,792 Pearse South 83 5.12 85 14 227 Inferred
Slide 27: Mineral Hill Mine – Resources & Reserves
Me a sure d Re sourc e Inve ntory Mineral Hill Mine – Resources & Reserves Au Ag Cu Pb Zn Au Ag Cu Pb Zn De posit kt (g/ t) (g/ t) % % % (koz) (koz) (kt) (kt) (kt) Attractive commodity base with significant growth potential Pearse South 141 4.82 149 22 676 For personal use only Total Reserve Invento
Slide 28: Au equivalent calculation metrics
Mineral Hill Mine – Resources & Reserves Au equivalent calculation metrics For personal use only • Au Eq conversion factors are calculated by dividing price/unit for each commodity (Ag/oz, Cu/t, Gold Equivalent Formula: Pb/t, Zn/t) by the price/oz of gold. Au Eq = ((Au Oz * r) + (0.014 * Ag Oz * r)
Slide 29: 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
Kingston Resources — Investor Presentation (February 2023) on 6ix