Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (May 2019)
25 slides from Kingston Resources's investor presentation, May 3, 2019
Slide 1: Corporate Presentation May 2019
205/283 Alfred St, North Sydney, NSW 2000 For personal use only ACN 009 148 529 T: +61 2 8249 4968 www.kingstonresources.com.au Corporate Presentation May 2019
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: Investment Overview
Investment Overview For personal use only Misima Gold Project Aim: The next low cost, large scale, gold producer in Asia Pacific Livingstone Gold Project A high grade WA gold opportunity 3
Slide 4: Project Summary
Project Summary For personal use only Focused gold company with two advanced exploration projects: • Misima Gold Project (KSN +70%) • Scale: a 2.8Moz1 JORC Resource already in place • Potential: multiple untested targets over 8km of prospective strike; enormous upside potential from exploration • Lo
Slide 5: $4.3m Placement and $4.0m Entitlement Offer
$4.3m Placement and $4.0m Entitlement Offer For personal use only • Kingston has successfully completed a $4.3m placement Capital Structure Market capitalisation (@A$0.019) $23.2m • Two new substantial shareholders DELPHI and Winchester to hold approx. 10% of KSN post Placement and Entitlement Offer
Slide 6: Entitlement Offer Timetable
Entitlement Offer Timetable For personal use only Indicative Entitlement Offer Timetable* Event Date (2019) Announcement of intention to undertake the Entitlement Offer Friday, 3 May Offer Booklet lodged with ASX Friday, 3 May “Ex” date for securities trading Tuesday, 14 May Record date for the Enti
Slide 7: Misima: Reflecting and looking forward
Misima: Reflecting and looking forward For personal use only 2018: 2019: Increased ownership from 49% to 70% Drill new untested prospects Appointed drilling contractor on island Ginamwamwa Established community development roadmap Quartz Mountain Confirmed downdip extensions of Umuna p
Slide 8: Misima: Multiple exploration targets
Misima: Multiple exploration targets For personal use only Umuna Extensions: 2.8Moz Au resource open along strike and down dip – potential for shear-hosted and skarn mineralisation Misima North: >4km untested strike open to the north, supported by historic u/g mining, geochemistry, and KSN structura
Slide 9: Misima: New targets delivering upside
Misima: New targets delivering upside For personal use only Ginamwamwa : High grade, near surface, starter pit? • Misima field work commenced December 2017 delivering immediate success with discovery of a new prospect, Ginamwamwa, located adjacent to former mill site, a first pass initial drill prog
Slide 10: Misima: Further regional exploration targets
Misima: Further regional exploration targets For personal use only Kingston has identified priority surface targets, drilling is underway Quartz Mountain Misima North - Ara Creek • Hosts small resource, but limited historic drilling. Best holes • Untested 4km strike potential north of old pit includ
Slide 11: Misima: 2.8Moz and growing
Misima: 2.8Moz and growing For personal use only Umuna: Resource extension Resource upside potential at Umuna • The current resource is currently drill constrained – long section shows resource outline vs drill depth • Average historic hole depth ~119m with only 9% of holes exceeding 200m GDD013 int
Slide 12: Misima: Active work program advancing
Misima: Active work program advancing For personal use only 2017 2018 2019 2020 Establish exploration team Update JORC Resource Commence regional fieldwork Exploration environmental approvals Complete earn-in toQ4 70% 2017 H2 2018 CY2019 Phase 1 Drilling: Resource extension Phase 2 Drilling: Regiona
Slide 13: Misima landowners' support drives success
Misima landowners’ support drives success For personal use only • Misima has 130 years of successful and profitable gold mining with active artisanal mining today. • Highly trained and educated resident workforce, with over +100 FIFO Misima residents. • Kingston Project Manager, Charles Yobone worki
Slide 14: Project Overview
Project Overview For personal use only Misima Gold Project (+70%) • Existing 2.8Moz resource:1 – 82.3Mt @ 1.1 g/t Au & 5.3 g/t Ag • Misima open pit gold mine operated by Placer from 1989 to 2001. • Mine was closed when the gold price was below US$300/oz • Historical production (1989 - 2004) averaged
Slide 15: Livingstone: Gold Project (75%)
Livingstone: Gold Project (75%) For personal use only • Located 140km NW of Meekatharra in Western Australia over 220km2 • Historic WMC soil anomaly at Livingstone’s Find hosts numerous old workings • Homestead Prospect holds a 49,000oz JORC 20041 and high grade shallow drilling intersections: • 18m
Slide 16: Livingstone: Gold Project
Livingstone: Gold Project For personal use only Kingsley discovery1 1. KSN announcements 11/10/18 & 5/11/18 16
Slide 17: Peer comparison
Peer comparison For personal use only Notes: • EV calculated as market capitalisation as at 22 Feb 2018 plus reported net debt as at Dec 31, 2018 • Resource ounces used are Total Resources and include varying compositions of Measured, Indicated and Inferred. • Companies which have released a BFS/DFS
Slide 18: Top Australian and PNG gold deposits
Top 25 Australian and PNG gold deposits For personal use only Top 25 Australian and PNG gold deposits Total Resource1 Contained Ore Grade Au No. Location Mine Owner mt g/t Moz 1 PNG Lihir Newcrest 690 2.30 50.0 2 Australia Cadia/Ridgeway Newcrest 3,170 0.37 38.0 3 PNG Wafi-Golpu Newcrest/Harmony Gol
Slide 19: In summary
In summary For personal use only Misima Gold Project (KSN +70%) • Scale: Misima 2.8Moz Au resource that is growing in scale and grade through exploration • Location: Favourable PNG island location, proven geological setting • Potential: Aim to re-establish Misima as a large scale and low cost open p
Slide 20: Contact
Contact For personal use only Andrew Corbett – Managing Director Chris Drew – Chief Financial Officer P: +61 2 8021 7492 E: info@kingstonresources.com.au Kingston Resources Limited 205/283 Alfred St, North Sydney NSW 2060, Australia www.kingstonresources.com.au Research Coverage Bridge Street Capita
Slide 21: Board and Management
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 Chairman of Tel
Slide 22: Appendix: Misima Resource
Appendix : Misima 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 6.
Slide 23: Appendix: Misima Production Advantage
Appendix : Misima Production Advantage Misima: Approvals: For personal use only Papua New Guinea: Proven geological domain Island location, Melanesian culture Transparent, stable mining regulations and approvals process Large scale Au + Cu projects Supportive local landowners Proven appr
Slide 24: Appendix: Placer key operating parameters
Appendix : Placer key operating parameters For personal use only Misima statistics from Placer Pacific Annual Reports 1989 – 2004 1 Reserve grade at end of1990 1.26 g/t Au 1995 Global Cost Curve Grade milled between 1991 and 2004inclusive 1.53 g/t Au 900 Total Cash Cost AU$/oz 800 Grade reconciliati
Slide 25: Appendix: Data Sources
Appendix : Data Sources EV/Oz and Total Resource Charts – Slide 16 - Resource data for the included companies is sourced from the following announcements or reports For personal use only Company Release Date Announcement/Report Anova Metals 19 October 2018 2018 Annual Report Azumah Resources 28 Sept
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