Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Noosa Mining Conference 2024
28 slides from Kingston Resources's conference presentation, Jul 17, 2024
Slide 1: Noosa Mining Conference: Commencement of Open Pit Mining
For personal use only Noosa Mining Conference Commencement of Open Pit Mining July 2024
Slide 2: Important notices and disclaimer
Important notices and disclaimer For personal use only 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 l
Slide 3: Important notices and disclaimer
Important notices and disclaimer For personal use only 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 vou
Slide 4: Kingston Resources: Investment highlights
Kingston Resources: Investment highlights For personal use only Mining Commenced: First blast at Pearse open pits, high-grade gold/silver production in FY25. Processing Plant Expansion: Crushing starts July 2024, internal expansion studies underway. Strategic Advantage: Owns key polymetallic plant i
Slide 5: Corporate snapshot
Corporate snapshot For personal use only Shares on issue 707m 3-Year Share Price Performance Warrants & options2,3 98.7m Market Volume('000) RHS Close Price (A$) (LHS) Share price @ 15 July 2024 $0.08 0.3 8000 6000 Market cap @ 15 July 2024 $56m 0.2 4000 Cash @ 8 April 20241 $10.7m 0.1 2000 Restrict
Slide 6: Strategic regional setting for foundational base metals
Strategic regional setting for foundational base metals1 • Strategic advantage of ownership of flexible processing For personal use only capacity and 8.9Mt of polymetallic resources • Clear path to underground mining sees increasing levels of copper and zinc production Lead Zinc Gold Silver FY24 FY2
Slide 7: Growth strategy for 2024 and beyond
For personal use only Mineral Hill Growth strategy for 2024 and beyond Growth Strategy for 2024 and Beyond www.kingstonresources.com.au I ASX: KSN Noosa Mining Conference | July 2024 7
Slide 8: Extensive existing infrastructure
Extensive existing infrastructure Targeting a mine plan beyond 10 years For personal use only Production set to increase with Mineral Hill Processing Capacity open pit mining in FY25 700 ktpa 350 ktpa Open pit mining Resource growth High grade gold and Regional acquisition Today The Future silver pr
Slide 9: Plant refurbishment on track and open pit mining ramping up
Plant refurbishment on track and open pit mining ramping up Increasing gold and silver production with high grade open pits For personal use only Ramping up production: Plant refurbishment on budget with oxide ore commissioning in July. www.kingstonresources.com.au I ASX: KSN Noosa Mining Conference
Slide 10: Underground and open pit mining
Underground and open pit mining Focus on extending 5-year mine life, producing both precious and base metals For personal use only Underground Underground Underground Open pit mining drilling mining to access underway to commence commence in established in Q4 2024 2025 Calendar Year 2023 2024 2025 2
Slide 11: Pearse open pit mining: Updated MRE
Pearse open pit mining: Updated MRE Significantly larger gold deposit For personal use only • Updated Pearse North MRE, with gold and silver increasing from the previous estimate 30% and 67% respectively • Both pits contain high grade gold and silver • All permits and approvals in place Table 1 Pear
Slide 12: Upside opportunities
Upside opportunities Resource expansion strategy and near mine exploration For personal use only EOZ high GD140 Parkers Hill • Mineralisation grade Au target MRE update and over 2.5km target extensions • Multiple ore bodies Red Terror • Existing target development in place SOZ MRE1 Jacks Hut update
Slide 13: SOZ underground – infill drilling
SOZ underground – infill drilling Infill drilling expands high-grade copper For personal use only • New Discovery at Mineral Hill1 Existing Mineral • New lode intersected in the footwall (New Resource Zone Structure #2) • 12.5m @ 3.41% CuEq2 (KSNDDH017) • Infill drilling confirms main underground lo
Slide 14: Advanced near mine development plan
Advanced near mine development plan 4 on EL8334 For personal use only EL1999 5 Resource expansion strategy and near mine exploration • Five priority targets within the ML and regionally • Focus on resource expansion and extending the mine life 2.5km 3 1 SOZ infill & extension drilling 2 2 Parkers Hi
Slide 15: Exploration tenure
Exploration tenure Multiple drill targets, geochemical anomalies and geophysical anomalies For personal use only • Several near-mine copper and gold targets in EL1999 • Multiple untested targets • Highly prospective geology and regional scale structures in EL8334 • Extensive lead-in-soil anomalies.
Slide 16: Misima Gold Project
For personal use only Misima Gold Project Noosa Mining Conference | July 2024 16
Slide 17: Misima – definitive feasibility and ore reserve
Misima – definitive feasibility and ore reserve1 Misima Project • 600km from Port Moresby Large scale, long-life, low-cost open pit gold and silver mine • DFS Complete • Historically produced 4Moz AuEq over 15 years For personal use only • Large, low-cost 20-year gold project with A$956m1 NPV at a g
Slide 18: Misima Project history
Misima Project history 5 High leverage to the gold price 4 KSN initiates For personal use only sale/JV Gold Price 3 2022 process Misima $2,500.00 2021 DFS 2 Resource 5 2019 – KSN grows to 1 completes 3.8Moz 4 $2,000.00 2017 - KSN 100% 3 commences ownership Misima earn-in 2 $1,500.00 1 1988 Commencem
Slide 19: Summary: Focus on executing our clearly defined strategy
Summary: Focus on executing our clearly defined strategy Leveraging the existing gold-copper asset base while advancing future growth opportunities For personal use only Experienced Management Team: Focus on maximising returns from Mineral Hill and Misima Insert mining picture Prime Cobar Location:
Slide 20: Appendix
For personal use only Appendix www.kingstonresources.com.au I ASX: KSN Noosa Mining Conference | July 2024 20
Slide 21: Highly experienced and well-regarded Executive Team
Highly experienced and well-regarded Executive Team Significant experience across the development life cycle through to production For personal use only Mick Wilkes Andrew Corbett Tony Wehby Stuart Rechner Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Mick is
Slide 22: Building a safe and sustainable culture
Building a safe and sustainable culture For personal use only 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 Noosa Mining Conference | J
Slide 23: Mineral Hill – Social License
Mineral Hill – Social License Environmental and Social Licence to operate For personal use only • Permits in place for mining and processing • Environmental bonds secured • Tailings strategy defined • Biodiversity offset established www.kingstonresources.com.au I ASX: KSN Noosa Mining Conference | J
Slide 24: Mineral Hill Mine – Resources and Reserves
Mineral Hill Mine – Resources and Reserves Attractive commodity base with significant growth potential For personal use only • High grade Pearse open pit Mineral Resources Total Mineral Resources • Polymetallic underground Mineral Resources Deposit Kt Au Ag Cu Pb Zn Au Ag Cu Pb Zn • Additional resou
Slide 25: Competent Person Statement
Competent Person Statement Competent Person’s Statement - Mineral Resource Reported in Accordance with 2012 JORC Code – Mineral Hill Competent Person’s Statement - Mineral Resource Reported in Accordance with 2012 JORC Code – Misima The information in this report that relates to the reporting of the
Slide 26: Mineral Hill – resources & reserves
Mineral Hill – resources & reserves Attractive commodity base with significant growth potential For personal use only Total Probable Reserve Inventory Measured Resource Inventory Au Ag Au Ag Au Ag Cu Pb Zn Au Ag Cu Pb Zn Deposit Kt (g/t) (g/t) (Koz) (Koz) Deposit Kt (g/t) (g/t) % % % (Koz) (Koz) (Kt
Slide 27: Metal equivalents
Metal equivalents For personal use only 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
Slide 28: Misima Gold Project – resources & reserves
Misima Gold Project – resources & reserves Misima resources & reserves For personal use only 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