Kingsrose Mining Ltd · ASX:KRM
Kingsrose Mining — Investor Presentation (May 2019)
29 slides from Kingsrose Mining's investor presentation, May 16, 2019
Slide 1: Company Profile
For personal use only Company Profile Private and Confidential May 2019
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement The information contained in this Presentation has been prepared by Kingsrose Mining Limited (“Kingsrose” or the “Company”). This Presentation does not constitute an offer or invitation to any person to subscribe for or apply for any securities in the Compan
Slide 3: Corporate overview
Corporate overview Skilled board and management team with proven experience in building and operating large scale mining operations with an understanding of the Indonesian environment For personal use only Michael Andrews John Morris Key Statistics* (ASX:KRM) Chairman Non-Executive Director • Geolog
Slide 4: Divestment Requirements
Divestment Requirements Loans to subsidiaries Kingsrose Mining Limited Debt Free ▪ The Way Linggo Project in South Sumatra, Indonesia is held (Kingsrose) For personal use only (Australia) under a 4th generation Contract of Work (CoW) and its subsequent amendment with the Indonesian Government. 100%
Slide 5: Location and Tenure
Location and Tenure Located on the prolifically mineralised Trans-Sumatran Fault ▪ Located 140km from Bandar Lampung. For personal use only Accessed via sealed road for the majority of the distance ▪ All permitting in place to allow ore production and near term growth strategy ▪ Currently power prov
Slide 6: Way Linggo Project
Way Linggo Project Highly prospective areas over the agreed Contract of Work Tenement ▪ Two underground mines at Way Linggo and For personal use only Talang Santo transformed into open pit mines ▪ Talang Santo open pit broke ground for production in November 2018 and exceeded early expectations ▪ Wa
Slide 7: Continued Improvement in FY2019 and beyond
Continued Improvement in FY2019 and beyond Quarter on Quarter | Improvements in FY2019 For personal use only ✓ 139% increase in gold in ore from Sep 18 to Mar 19 quarter. 136% increase in gold production to 5,472 ounces of gold in Mar 19 quarter ✓ Unit cost improvements with C1 cost down 53% to US$1
Slide 8: Recent Milestones and Achievements (past months)
Recent Milestones and Achievements (past 10 months) ✓ Board / Management refreshed – Karen O’Neill, CEO (May 2019); John Carlile, Non Executive Director For personal use only (Feb 2019); Experienced Exploration/Production Senior Geologist commenced April 2019; new Site GM commencing June 2019; inten
Slide 9: Strategic Direction
Strategic Direction Growing a sustainable and diversified business FOCUS ON LOWERING COSTS / IMPROVING EFFICIENCY: For personal use only Power Project / Consistently profitable quarters / 3rd Party Technical Review / Board & Mgmt Restructure SUSTAINABLE CASHFLOW THROUGH CONSISTENT PRODUCTION FOR INV
Slide 10: Investment case
Investment case For personal use only High grade gold and silver producer Multi-mine production and self funded exploration and resource extension in progress Development plan in progress to re-establish underground mining beneath the Talang Santo open pit Established infrastructure with capacity to
Slide 11: Talang Santo Open Pit
Talang Santo Open Pit ▪ Waste stripping started on schedule in November 2018. Ore encountered 1m from For personal use only surface. This reinforces the idea that the Mawi and Hanging Wall quartz veins in the old underground workings continue to near-surface. ▪ High grade near surface zones are rela
Slide 12: Talang Santo Open Pit
Talang Santo Open Pit High Grades encountered in Stage 1 pit For personal use only KINGSROSE MINING | 12 MAY 2019
Slide 13: Talang Santo Resource Definition & Extension Drill Plan
Talang Santo Resource Definition & Extension Drill Plan For personal use only 13
Slide 14: Talang Santo Resource Definition & Extension Drill Plan
Talang Santo Resource Definition & Extension Drill Plan For personal use only 14
Slide 15: The Talang Santo Mine – Significant Upside
The Talang Santo Mine – Significant Upside Current Mine Development For personal use only ▪ Multiphase epithermal vein system – open at depth and to the West ▪ Excellent potential to increase Resource at Talang Santo ▪ Limited drilling demonstrates that the high grade gold zones persist to at least
Slide 16: The Talang Santo Mine
The Talang Santo Mine 4,200 mRL ° S.61AU2.66Ag am 4 72Aua67 236m Vet North West Mawi ‘ Dril Hole LEGEND : Planes Pont ur (GA) 1,51Au/10.8Ag o <4 3.5m © 1105 grade Au / Grade Ag © 5 to 10 Interval m @ 10 to 30 [] Mine Development ie 30, [ Mine Plan @ DDH Plan ‘Main Shaft 7s so |, lee ia B0AUIE 4g ° ‘
Slide 17: The Talang Santo Mine – Significant Upside
For personal use only The Talang Santo Mine – Significant Upside LEVEL 4 LEVEL 5 LEVEL 6 OPEN KINGSROSE MINING | 17 MAY 2019
Slide 18: Example of high grade zones near base of current workings
Example of high grade zones near base of current workings For personal use only 35m @ 13.6 g/t Au An example of high grade zones near the base of the current workings KINGSROSE MINING | MAY 2019
Slide 19: Highly Prospective Exploration
Highly Prospective Exploration Diamond drilling underway in high priority areas ▪ Field exploration and analysis continues across For personal use only prospective sites as illustrated ▪ Diamond drilling commenced on two prospects – Rawa Gabus and Talang Toha-Samin - during the December 2018 quarter
Slide 20: Rawa Gabus – Phase Drilling
Rawa Gabus – Phase 1 Drilling For personal use only 20
Slide 21: A Strong Community Relationship
A Strong Community Relationship Supporting and employing our local community For personal use only Community Environment ▪ Actively engaged with the community and keep all ▪ Committed to minimising its environmental footprint community members and stakeholders updated as to the through a number of i
Slide 22: A Strong Community Relationship
A Strong Community Relationship Supporting and employing our local community For personal use only PT Natarang Mining CSR programmes supporting local schools and clinics PT Natarang mines rescue team involved in recent Tsunami recovery efforts in South Sumatra, South Lampung Province KINGSROSE MININ
Slide 23: Thank You
Thank You For personal use only Contact: Kingsrose Mining Limited + 61 8 9381 5588 info@kingsrosemining.com.au www.kingsrosemining.com.au KINGSROSE MINING | 23 MAY 2019
Slide 24: Additional Slides
For personal use only Additional Slides 24
Slide 25: Way Linggo Project Mineral Resources
Way Linggo Project Mineral Resources For personal use only As at 30 June 2018, the Total Mineral Resource for the Way Linggo Project was 1.55 million tonnes @ 7.3 g/t Au and 32 g/t Ag for 364,000 ounces of gold and 1,573,000 ounces of silver. For Talang Santo, the underlying Mineral Resource models
Slide 26: Talang Santo Underground Level
Talang Santo Underground Level 6 For personal use only Level 6
Slide 27: Talang Santo Underground Level
Talang Santo Underground Level 6 For personal use only Level 6
Slide 28: Talang Santo Underground Level
Talang Santo Underground Level 7 For personal use only Level 7
Slide 29: Talang Santo Open Pit Cross Section
Talang Santo Open Pit Talang Santo Cross Section including historical underground works For personal use only KINGSROSE MINING | 29 MAY 2019