Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (May 2025)
29 slides from Kingston Resources's investor presentation, May 20, 2025
Slide 1: Misima Divestment and Corporate Outlook
Kingston Resources Limited Misima Divestment and Corporate Outlook ACCELERATING MINERAL HILL GOLD-COPPER GROWTH AND DEVELOPMENT 20 MAY 2025 www.kingstonresources.com.au I ASX: KSN
Slide 2: Important Notices and Disclaimer
1 Important Notices and Disclaimer Corporate Presentation | May 2025 2
Slide 3: Important notices and disclaimer
Important notices and disclaimer Forward Looking Statements Mineral Hill Gold Bar 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: inc
Slide 4: Important notices and disclaimer
Important notices and disclaimer Exploration by Other Explorers This presentation contains information sourced from the reports of other Explorers. References to the original reports are provided as footnotes where the information is cited in this presentation. KSN does not vouch for the accuracy of
Slide 5: Kingston Investment Highlights
Mineral Hill – Processing Facility 2 Kingston Investment Highlights Corporate Presentation | May 2025 5
Slide 6: Kingston Resources: Investment highlights
Kingston Resources: Investment highlights Existing gold and silver producer: Mineral Hill copper production commencing FY26, Resource of 760koz AuEq1, open pit and underground Ore Reserves Strong balance sheet: Transaction to divest Misima agreed for total consideration of $95 million Significant ex
Slide 7: The Mineral Hill story so far
The Mineral Hill story so far Transformative return on investment and growth Mineral Hill has delivered 42koz of Life of mine out to 2031 – 6 years gold sales and $38m in operating Dec-26 Dec-24 Dec-25 Dec-27 Jun-26 Jun-25 Jun-27 cash to date1 Fully approved with a six-year mine Open Pit Mining life
Slide 8: Transaction Overview
Misima Gold Mine – circa 1995 3 Transaction Overview Corporate Presentation | May 2025 8
Slide 9: Misima transaction overview
Misima transaction overview Successful strategic process delivers significant value for shareholders Transaction • Kingston Resources Limited has entered into a binding definitive agreement to divest the Misima Gold-Silver Project (Misima or the Project) to 100% PNG Overview owned Ok Tedi Mining Lim
Slide 10: Ok Tedi company overview
Ok Tedi company overview Ok Tedi Mining Limited operates the Ok Tedi Mine which is the longest running open-pit copper, gold and silver mine in Papua New Guinea • Ok Tedi is 67% owned by the Independent State of PNG and 33% owned by the people of the Western Province OK TEDI • The Ok Tedi Mine is a
Slide 11: Transaction rationale
Transaction rationale Kingston now positioned strongly for growth at Mineral Hill Materially strengthened balance sheet with $50 million upfront transaction consideration resulting in a net cash position and repayment of $15 million debt facility in full1 Total consideration is greater than Kingston
Slide 12: Corporate snapshot
Corporate snapshot 1-Year Share Price Performance Market Volume('000) RHS Close Price (A$) (LHS) Shares on issue 822m 0.12 35,000 Warrants & options2,3 168.4m 0.1 30,000 Share price (16/5/2025) $0.09 0.08 25,000 20,000 Market cap $76m 0.06 15,000 Cash @ 31 March 20251 $12.5m 0.04 10,000 0.02 5,000 R
Slide 13: Mineral Hill Expansion Plan
Mineral Hill – Pearse North Open Pit 4 Mineral Hill Expansion Plan Corporate Presentation | May 2025 13
Slide 14: Mineral Hill expansion plan
Mineral Hill expansion plan De-risking and expanding the Mineral Hill operations through drilling Target additional underground ore sources by leveraging the two existing underground mines and immediately expand the current underground drilling program to extend the current six-year mine life Undert
Slide 15: Leveraging existing underground mines
Leveraging existing underground mines Two existing underground mines with Setting up the long-term future of Mineral Hill declines and ventilation systems in place • Underground mine life of +5 years • Underground development set to commence early 2026 • Underground drilling program to be immediatel
Slide 16: Expanding underground drilling programs
Expanding underground drilling programs Targeting resource extensions to increase mine life • Underground diamond drilling at SOZ: commenced in Feb SOZ Underground diamond drilling 2025 and to be immediately expanded post transaction • Focus: infill and extension of existing resources, targeting bot
Slide 17: To increase scale at Mineral Hill
To increase scale at Mineral Hill Strategy on expanding Mineral Resources and making new discoveries Brownfields expansion targets Currently 7.2Mt of High grade gold underground resources GD140 Parkers Hill Plan: EOZ • Expand underground drilling • Update Resource estimates Existing Production Targe
Slide 18: Targeting additional discoveries
Targeting additional discoveries Near mine open pit and underground targets identified 4 on EL8334 EL1999 5 Surface drilling planned to target open pit and underground prospects within the current ML and EL 1999 • Potential to extend mine life and provide a medium-term ore source • Increasing high m
Slide 19: Further potential at depth and regionally to be tested
Further potential at depth and regionally to be tested Mineral Hill remains open at depth and along the regional trends • Depth of drilling <500m depth • Major mineral deposits in Cobar extend to ~1.8km • Numerous regional (long section looking SW) exploration targets that will be considered in futu
Slide 20: Further resource growth opportunities regionally
Further resource growth opportunities regionally Highly prospective greenfields drill targets and geochemical signatures provide significant upside Focus on value-driven exploration: • EL 8334: High-potential targets • Strong soil & geophysical results www.kingstonresources.com.au I ASX: KSN Corpora
Slide 21: Strongly positioned to consider complementary opportunities
Strongly positioned to consider complementary opportunities Mineral Hill is the only operating processing facility in the southern Cobar Basin Grow resources and expand daily throughput Target 2,000 tpd Today Target a 1,000 tpd doubling of production 360,000 tpa 700,000 tpa c.70kozpa AuEq Resource g
Slide 22: Summary: Focus on ramping up Mineral Hill
Summary: Focus on ramping up Mineral Hill Leveraging the existing gold-copper asset base while advancing future growth opportunities Experienced Management Team: Focused on maximising returns from Mineral Hill with strong balance sheet flexibility Strategically Located: Mineral Hill positioned centr
Slide 23: Appendix
Appendix www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 23
Slide 24: Highly experienced and well-regarded Executive Team
Highly experienced and well-regarded Executive Team Significant experience across the development life cycle through to production Mick Wilkes Andrew Corbett Tony Wehby Stuart Rechner Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Mick is a seasoned mining And
Slide 25: Building a safe and sustainable culture
Building a safe and sustainable culture Investing in our people and our community A large employer in Condobolin ESG framework: safe, responsible and sustainable Investing in our local and residential workforce www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 25
Slide 26: Mineral Hill – Social Licence
Mineral Hill – Social Licence Environmental and Social Licence to operate Permits in place for mining and processing Cash backed environmental bonds Tailings capacity in place and expansion plans scheduled Biodiversity offset established www.kingstonresources.com.au I ASX: KSN Corporate Presentation
Slide 27: Competent Person Statement
Competent Person Statement 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 supp
Slide 28: Mineral Hill – Resources & Reserves
Mineral Hill – Resources & Reserves Attractive commodity base with significant growth potential Total Probable Ore Reserves Measured Resource Inventory Au Ag Cu Pb Zn Au Ag Cu Pb Zn Au Ag Cu Pb Zn Au Ag Cu Pb Zn Deposit Kt (g/t) (g/t) % % % (Koz) (Koz) (Kt) (Kt) (Kt) Deposit Kt (g/t) (g/t) % % % (Ko
Slide 29: Metal equivalents
Metal equivalents 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) and copper equivalent (CuEq) conv
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