Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (April 2018)
28 slides from Kingston Resources's investor presentation, Apr 18, 2018
Slide 1: Misima Gold Project: Awakening the Sleeping Giant
ACN 009 148 529 For personal use only T: +61 2 8021 7492 www.kingstonresources.com.au Kingston Resources (KSN:ASX) Misima Gold Project Awakening the Sleeping Giant April 2018
Slide 2: Disclaimer
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 Kingston Resources Limited (“KSN”) and its projects, are forward looking statements. Such forward looking statem
Slide 3: Misima Gold Project
Misima Gold Project For personal use only Kingston’s flagship project is the world class 2.8Moz Misima Gold Project #, one of the largest and highest quality undeveloped gold assets held by an ASX listed junior explorer Misima’s low cost production history of 3.7Moz* from 1989 to 2004 under Placer P
Slide 4: A de-risked golden opportunity
Misima a de-risked golden opportunity For personal use only • Long mining history – 1888-89, Gold was first discovered on Misima ^ – 1910-44, underground mining produced over 230,000oz @ +9 g/t^ – 1989-04, open pit mining produced 3.7Moz under Placer Pacific @ U$218/oz* • Previous approvals – Specia
Slide 5: Production advantage
Misima production advantage For personal use only Papua New Guinea Current Infrastructure • Commercial airport, 3 flights per week • Six major operating mines, producing Au, Ag, Cu, Co & Ni. • Hospital, schools, banking • PNG is currently 14th largest gold • Accommodation producer globally, 60 tonne
Slide 6: Community relations a key focus
Misima community relations a key focus For personal use only • Retained key local workers who have deep local relationships • Positive engagement with local community ahead of drilling • Local workers employed in field teams and drill crews • Local services supporting KSN on the island • Focused on
Slide 7: Gold Project exploration targets
Misima Gold Project exploration targets For personal use only • Umuna Extensions: Existing 2.8 Moz resource is open along strike and down dip, with potential for both shear-hosted and skarn mineralisation • Misima North: 4km untested strike open to the north, supported by historic u/g mining, geoche
Slide 8: Exploration work
Misima Exploration work For personal use only Historical Umuna Pit, current view from Stage 5 high wall looking south • Field work commenced in December 2017 – Initial success with a new prospect discovered at Ginamwamwa* » 14m @ 12.24 Au g/t and 35.5 g/t Ag, and 2m channel samples up to 39.5 Au g/t
Slide 9: Channel sampling delivers
Misima channel sampling delivers For personal use only • New discovery at Ginamwamwa from geochemical program • Ginamwamwa Prospect – Channel sample » 14m @ 12.24 g/t Au, 35.5 g/t Ag – Adjacent to former mill site – Additional field work is ongoing • Field work ongoing at Ginamwamwa and various Umun
Slide 10: Phase 1 drill targets
Misima Phase 1 drill targets For personal use only Initial drilling targets: • Umuna East Side: testing beneath surface anomalism on stratigraphic targets (upper & lower greenstone contacts, a known brittle-ductile contrast) • Umuna Shear: testing down-dip beneath current drilling at Kulumalia North
Slide 11: Exploration upside: Umuna East Side
Exploration upside: Umuna East Side For personal use only • Mineralised structures splaying southeast off the Umuna Shear, highlighted by structural mapping, geochemistry and artisanal mining • Strike lengths >1km with potential for significant extensions • Channel sampling by Placer & WCB includes:
Slide 12: Exploration upside: Umuna East Side
Exploration upside: Umuna East Side For personal use only Alluvial mining Ginesia splay, August 2017 Alluvial mining Grants splay, 2015 estimated 50-60 m vertical height 12
Slide 13: Exploration upside: Umuna Extensions
Exploration upside: Umuna Extensions For personal use only • Placer’s focus on mining the Umuna reserve has left multiple extensional prospects untested • With the prevailing low gold price, Placer had little incentive to pursue exploration opportunities outside the reserve • Historic drilling outsi
Slide 14: Exploration upside: Umuna Extensions
Exploration upside: Umuna Extensions For personal use only View of the Whittle US$1,200 pit shell looking east and JORC resource boundary • Phase 1 drilling to target resource extension at depth where the resource is drill-constrained • The current resource is limited by shallow depth of drilling ov
Slide 15: Exploration upside: Misima North
Exploration upside: Misima North For personal use only • Recent structural work has elevated the potential at Misima North, suggesting previous drilling has not properly tested the shear position • Known anomalism and mineralisation at Misima North East is indicative of supergene leakage from the sh
Slide 16: Exploration upside: Quartz Mountain
Exploration upside: Quartz Mountain For personal use only • Quartz Mountain hosts a small resource, but drilling has been limited • Historic drilling at Quartz Mountain includes – 10m @ 3.06g/t Au from 108m to end of hole in ERC693 – 12m @ 4.13g/t Au from 116m in EMD701 – 14m @ 2.28g/t Au from 76m i
Slide 17: Misima Gold Project: Resource
Misima Gold Project: Resource For personal use only • November 2017, JORC2012 Resource of 82.3Mt at 1.1 g/t for 2.8Moz 1 Deposit Material Resource Cutoff Tonnes Gold Silver Au Moz Ag Moz Category (g/t Au) (Mt) (g/t Au) (g/t Ag) Umuna Sub-total Indicated 0.5 37.2 1.1 4.9 1.3 5.8 Inferred 0.5 38.4 1.0
Slide 18: Misima Gold Project: Future
Misima Gold Project - Future For personal use only • CY17 • Establish operational team • Commence geochemical field work • JORC resource statement • Environmental approvals • CY18 • Phase 1 extensional drilling • Complete earn in to 70% ownership • Phase 2 extensional and infill drilling • S
Slide 19: Australian Exploration
Australian Exploration For personal use only Livingstone Gold Project (75%) drill Bynoe Lithium Project program underway (100%) • Livingstone Gold Project, 140km • Three drill targets ready for NW of Meekatharra in Western follow up post wet season Australia 2018. • Homestead prospect holds a • Emph
Slide 20: KSN Corporate Snapshot
KSN Corporate Snapshot For personal use only CAPITAL STRUCTURE KEY PERSONNEL Shares on issue 1,214,961,029 shares Chairman Anthony Wehby FCA, MAICD Market capitalisation (@ A$0.023) A$27.7m Managing Director Andrew Corbett BE (Hons) MBA Cash A$5.6m Executive Director Andrew Paterson BEng MAIG GAICD
Slide 21: KSN Value Proposition
For personal use only 140 180 100 120 0 60 20 40 80 160 Azumah Resources Kingston Resources Nusantara Primary Gold Ltd Sihayo Gold Anova Metals Kin Mining Cardinal Resources Geopacific Resources Excelsior Gold Limited OreCorp Capricorn Metals ABM Resources De Grey Mining Emerald Resources Echo Resou
Slide 22: Island and its people
Misima Island and its people For personal use only 22
Slide 23: Kingston Resources merger with WCB Resources
Appendix For personal use only Kingston Resources merger with WCB Resources • Kingston Resources merged with WCB Resources under a successful Canadian Plan of Arrangement on 17th November 2017 • WCB.TSX was delisted from the TSX • KSN assumed management of the Misima Gold Project located in Papua Ne
Slide 24: Misima Gold Project - History
Appendix For personal use only Misima Gold Project - History • Placer produced 3.7Moz Au at Misima – Open Pit mined from 1989 to 2001 – Stockpiled ore treated to 2004 – Initial mine capital U$202m – Produced 3.7Moz Au and 22Moz Ag – Mill nameplate 5.5Mtpa, achieved 6.9Mtpa – LOM recoveries, gold 91.
Slide 25: Misima Gold Project – Mining background
Appendix For personal use only Misima Gold Project – Mining background “Misima was a long life and low cost gold mine, driven by low strip ratio and an industry leading low cost milling operation” Misima stats from Placer Pacific Annual Reports 1989 - 2004. Reserve grade at end of 1990 1.26 g/t Au G
Slide 26: Appendix Board and Management
Appendix Board and Management For personal use only Anthony Wehby – Chairman • Anthony was a founding director and former Chairman of Aurelia Metals Ltd, an ASX listing mining company, in his role oversaw the progression of the company from exploration through to production. Prior roles include Chai
Slide 27: Misima Gold Project – Grade upside
Appendix For personal use only Misima Gold Project – Grade upside Au Cut off g/t Material Description Treatment Location • Exploration upside 0 to 0.49 Soft-Waste Waste Dump – Initial exploration drilling will follow up on the high 0 to 0.69 Hard - Waste Waste Dump grade channel sampling identified
Slide 28: Misima JORC Resource
Appendix Misima JORC Resource For personal use only – November 2017, JORC2012 Resource of 82.3Mt at 1.1 g/t for 2.8Moz 1 Deposit Material Resource Cutoff Tonnes Gold Silver Au Moz Ag Moz Category (g/t Au) (Mt) (g/t Au) (g/t Ag) Umuna Oxide Indicated 0.5 3.2 0.9 11.7 0.1 1.2 Inferred 0.5 5.7 1.0 13.6
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