Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Shareholder Meeting (November 2022)
28 slides from Kingston Resources's shareholder meeting presentation, Nov 24, 2022
Slide 1: AGM Presentation
For personal use only Asia-Pacific Gold and Copper Mining company AGM Presentation 24 November 2022 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.com.a
Slide 2: Disclaimer
Disclaimer For personal use only Forward Looking Statements Disclaimer Exploration by Other Explorers 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 Producer
Our Vision is to Create an ASX Listed Mid-tier Gold Producer Operating in the Asia-Pacific For personal use only Led by an experienced and qualified management team with a proven track record for creating value by developing and operating gold mines Two 100%-owned Gold Current Gold & Silver Large-sc
Slide 4: Delivering on our strategy
Delivering on our strategy For personal use only • Producing gold and silver, targeting a +5 year open pit and underground mine plan Production • Misima DFS delivered a long life and large scale open pit development project • Successful gold and copper exploration program with resource updates under
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 $39.3M Stuart Rechner Non-Executive Director 15+ years
Slide 6: Mineral Hill Overview
For personal use only Mineral Hill Overview AGM Presentation | November 2022 6
Slide 7: Mineral Hill – An Attractive and Strategic Asset
Mineral Hill – An Attractive and Strategic Asset For personal use only Established gold and copper mine in the Cobar Basin 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 Orebod
Slide 8: Mineral Hill – Record Gold Production from Tailings
Mineral Hill – Record Gold Production from Tailings For personal use only Tailings processing running at a 690ktpa run rate www.kingstonresources.com.au I ASX: KSN AGM Presentation | November 2022 8
Slide 9: Production & Development Plan
Production & Development Plan For personal use only Aiming for new mine production from late 2023 2022 2023 2024 2025 2026+ Tailings production Pearse South/Pearse North SOZ underground Jacks Hut Parkers Hill / GD 140 Drilling Development Production October gold production at Mineral Hill reached
Slide 10: Mineral Hill Plant - a strategic asset
Mineral Hill Plant - a strategic asset For personal use only Process Flow Sheet • CIL circuit commissioned in 2016 with a 400ktpa capacity, currently processing tailings at 700ktpa • Float plant (care & maintenance) capacity of 350ktpa: • Two-staged crushing circuit (jaw and cone crusher) • 2 x fine
Slide 11: Outstanding Development Targets Included in Resource
Outstanding Development Targets Included in Resource For personal use only No Resource Historic high-grade gold-copper results1 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 For personal use only High-grade gold hits from initial drilling at Pearse North • 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 (Cu-Au-Zn-Pb-Ag)
Diamond Drilling: Southern Ore Zone (Cu-Au-Zn-Pb-Ag) For personal use only Significant increase in Mineral Resources, plus outstanding copper and gold drilling results • Significant increase in Mineral Resources at SOZ • New MRE has increases of 114% in tonnage, 54% in gold and 64% in copper. Contai
Slide 14: Diamond Drilling: Jack's Hut Copper and Gold
Diamond Drilling: Jack’s Hut Copper and Gold For personal use only Shallow Copper and Gold hits from initial drilling at Jack’s Hut • Jack’s Hut represents a prospective low cost, near-term copper production opportunity with potential to be incorporated into or extend the 5yr mine plan that is being
Slide 15: Regional Exploration Upside
Regional Exploration Upside For personal use only Multiple new priority targets identified at Mineral Hill Figure: EL1999 Mineral Exploration Licenses EL1999 and exploration map EL8334 represent a first-class exploration footprint in the Cobar Basin, which hosts numerous gold and copper-gold occurre
Slide 16: Misima Update
For personal use only Misima Update AGM Presentation | November 2022 16
Slide 17: PNG − Home of World-Class Mines
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 Moz Barrick Gold Moz OK TEDI 27 Moz PNG Govt. WAFI-GOLPU 17 Morobe Mining JV Moz HIDDEN VALLEY 2 Harmony Gold WOODLA
Slide 18: Misima – Definitive Feasibility & Ore Reserve
Misima – Definitive Feasibility & Ore Reserve1 For personal use only Large scale, long-life, low-cost open pit Gold and Silver Mine 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 19: Reserve Upgrade
Reserve Upgrade For personal use only 1.73Moz Reserve underpins long-life Misima Project 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 20: Misima Definitive Feasibility Site and Plant Layout
Misima Definitive Feasibility Site and Plant Layout For personal use only Excellent infrastructure and proven accessibility 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 21: Summary: Focus on Executing our Clearly Defined Strategy
Summary: Focus on Executing our Clearly Defined Strategy For personal use only Leveraging existing gold-copper asset base while advancing future growth opportunities Experienced management team focused on maximising 01 shareholder returns Mineral Hill delivers extensive Resource base, advanced 02 de
Slide 22: Appendix
For personal use only Appendix AGM Presentation | November 2022 22
Slide 23: Mineral Hill Mine – Environmental and social licence to operate
Mineral Hill Mine For personal use only Environmental and social licence to operate • 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 24: Disclaimer
Disclaimer For personal use only 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 an
Slide 25: Mineral Hill − resources by classification
Mineral Hill Mine For personal use only Mineral Hill − resources by classification 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 26: 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 For personal use only 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 Total Reserve Invento
Slide 27: Au equivalent calculation metrics
Mineral Hill Mine – Resources & Reserves For personal use only Au equivalent calculation metrics • 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 28: Misima Gold Project – Resources & Reserves
Misima Gold Project – Resources & Reserves For personal use only Misima Resources & Reserves 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
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