Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Noosa Mining Conference 2023
28 slides from Kingston Resources's conference presentation, Jul 19, 2023
Slide 1: Long-term, Diversified Gold-Copper Producer
For personal use only Long-term, Diversified Gold- Copper Producer Noosa Mining Conference July 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
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 Misima Gold Project, PNG (100%) • DFS Validation: Affirming the potential for a robust, scalable, and low-cost open pit operation. • Production Potential: Anticipated gold production of
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 Corporate Presentation July 2023 7
Slide 8: 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 9: 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 10: 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: 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: 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 13: 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 14: Open Pit and Underground Mining
Mineral Hill – Open Pit and Underground Mining Open Pit Underground For personal use only • New pit at Pearse North. • Production target1 using the Southern Deepening and cutback of Pearse Ore Zone (SOZ) and Jack’s Hut MREs. South. • Existing decline development reduces • All permits and approvals i
Slide 15: Near Mine Drill Targets
Near Mine Drill Targets Multiple drill targets to be tested within EL1999 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 expa
Slide 16: Regional exploration
Regional exploration Broader exploration strategy within EL8334 For personal use only • Drilling to target coincident geophysical targets (gravity and induced polarisation). • Highly prospective geology and regional scale structures. • Lead in soil anomalies to be drill tested. • Land access agreeme
Slide 17: Misima Gold Project
For personal use only Misima Gold Project Corporate Presentation July 2023 17
Slide 18: Misima Gold Project: PNG, home of world-class mines
Misima Gold Project PNG − home of world-class mines For personal use only 6 Moz SIMBERI St Barbara 66 Moz LIHIR Newcrest Mining FRIEDA RIVER 17 Moz PanAust KAINANTU 24 PORGERA 2 K92 Mining 23 Moz PANGUNA Barrick Gold Moz Moz OK TEDI 27 Moz PNG Govt. WAFI-GOLPU 17 Morobe Mining JV Moz HIDDEN VALLEY 2
Slide 19: Misima – long-life, large scale gold project
Misima – long-life, large scale gold project 1.73Moz Reserve underpins long-life Misima Project1 For personal use only • Total Mineral Resource of 169Mt @ 0.71g/t Au for 3.8Moz • Probable Ore Reserve increased by 28% to 76 @ 0.8 g/t for 1.73Moz • Ore Reserve –mine plan delivers 15-year mine life • P
Slide 20: Misima – definitive feasibility and ore reserve
Misima – definitive feasibility and ore reserve1 Large scale, long-life, low-cost open pit gold and silver mine For personal use only • High leverage opportunity on the gold price. 3.8Moz Gold 22.1Moz Silver • DFS uses $1,800/oz gold price and 0.7 AUD:USD. Resource Resource Gold price scenario of $2
Slide 21: 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 22: Appendix
For personal use only Appendix Corporate Presentation July 2023 22
Slide 23: 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 24: 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 • Environ
Slide 25: 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 26: 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 27: 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 28: 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