Kingsgate Consolidated Limited · ASX:KCN
Kingsgate Consolidated — Sydney Mining Club (February 2024)
17 slides from Kingsgate Consolidated's conference presentation, Feb 1, 2024
Slide 1: Jamie Gibson – Managing Director & CEO
Jamie Gibson – Managing Director & CEO 1 February 2024
Slide 2: Forward looking statements and resource disclaimer
These materials include forward looking statements. Forward looking statements inherently involve subjective judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside of the control of, and may be unknown to, the Company. Actual results a
Slide 3: Board of Directors & Management
Board of Directors & Management Ross Smyth-Kirk OAM Executive Chairman Peter Warren Non-Executive Director ▪ Stabilitas Fonds – 4.95% ▪ VanEck Global – 4.4% Nucharee Sailasuta Non-Executive Director ▪ Standard & Chartered Bank – 3% Jamie Gibson Managing Director & CEO ▪ KCN Staff – 2.08% ▪ Global X
Slide 4: Akara Resources operates Chatree
• Akara Resources - Kingsgate’s Thai subsidiary operates "Chatree" • Located in the highly prospective Loei Fold Belt (significant part of Indochina Block) • Large open pit, low grade, epithermal gold deposit with 1.3 Moz of Reserves and 3.4 Moz of Resources* • Already produced 1.8 Moz of Au and ~ 1
Slide 5: Reopened Chatree after 6 years
Reopened Chatree after 6 years - Metallurgical Licence granted for the maximum term under Thai Law Upgraded the Chatree Ore Reserve by 46% to 1.3 million ounces of gold Secured ~ $150 million in Board of Investment incentives (8-year tax holiday) Renewed 4 key mining leases at Chatree south includin
Slide 6: Plant #1 overhaul project almost complete
• The Plant #1 overhaul project is almost complete • The finishing touches have included: • Completing the grinding frame steel structure and all walkway grating; • Installing and testing the ball mill inching drive, ball mill feed chute, and elution circuit piping; and • Sand blasting and painting
Slide 7: Mining operations recommenced in A West
• First Phase - mining operations recommenced in A West (September 2023) • Second Phase (March Quarter) – expanding into the Quartz Lease and K West (~400 to 500koz of Au) • Strong focus on near mine resource development • Grade control drilling targeting additional near surface resource potential (
Slide 8: Grade control drilling returned significant grade mineralisation
• Grade control drilling returned significant economic grade mineralisation in five out of the six holes drilled to 20m depth • This mineralisation remains open to the north and at depth • Significant intersections include: • TGC85374: 4.5m at 16.96g/t Au including 1.5m at 44.70 g/t Au; and • TGC853
Slide 9: Extensive opportunities inside and outside mining leases
• Extensive opportunities inside and outside existing mining leases • Aggressive exploration program over newly granted Special Prospecting Licenses (“SPLs”) • Concentrating on South-Eastern corridor – both near mine and regional • Significant near surface, near mine intersections in 2023 include: •
Slide 10: Significant intersections at the Chang Puek Prospect
• Significant intersections at the Chang Puek Prospect, previously a wildcat hole identified mineralisation: • 26m@3.02 g/t Au from 81-107m including 7m@5.77 g/t Au from 125 -132m (mineralisation open at depth EOH 1m@1.17 g/t Au) • Additional RC drilling returned: • 20m@3.87 g/t Au from 112m to 132m
Slide 11: Thailand — Sustainability
THAILAND — SUSTAINABILITY EIA Fund, community funds and donations are directed towards initiatives under the four pillars.
Slide 12: Thailand — Sustainability (Strong Focus on Community Engagement)
THAILAND — SUSTAINABILITY (Strong Focus on Community Engagement)
Slide 13: Nueva Esperanza project, Chile
• A prospective feasibility stage development project, located in the highly endowed Maricunga gold/silver belt of the Atacama Region • Environmental impact assessment granted in July 2020 • Resources of 0.49 Moz gold and 83 Moz silver* • Kingsgate project breakthroughs include; gold discovery at Ch
Slide 14: World class gold producing asset with proven operating history
World class gold producing asset, with proven operating history: 1.8 Moz gold produced between 2001-2016 Proven large scale, low-cost, open-pit operation +5 Mtpa processing capacity across two plants, with existing Life of Mine supporting ~9-year mine life based on 1.3M oz gold Reserve Significant e
Slide 15: Contact details
info@kingsgate.com.au kingsgate.com.au kingsgate-consolidated-limited
Slide 16: Group Ore Reserves as at 30 June 2023
GROUP ORE RESERVES As at 30 June 2023 Ore Reserves Tonnes Gold Silver Gold Silver Source Classification (million) (g/t) (git) (Maz) (M oz) Chatree Proved 31 0.85 76 0.85 75 Probable 20 0.87 7.0 0.43 44 Total 51 0.77 7.3 1.28 11.9 Nueva Proved - - - - - Ee Probable 7 0.50 87 0.30 478 Total 7 0.50 87
Slide 17: Notes to the Ore Reserves and Mineral Resources
As at 30 June 2023 Notes to the Ore Reserves and Mineral Resources 1. Rounding errors are apparent. 2. Chatree metallurgical recoveries: 83.3% Au and 38.7% Ag based on metallurgical test work and plant performance. 3. Chatree Mineral Resources are reported at cut-off of 0.30 g/t Au. 4. Chatree Ore R
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