Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Resources Rising Stars Conference (June 2022)
30 slides from Kingston Resources's conference presentation, Jun 7, 2022
Slide 1: Asia-Pacific Gold Producer, Developer and Explorer
For personal use only ASX: KSN Asia-Pacific Gold Producer, Developer and Explorer Corporate Update June 2022 Andrew Corbett, Managing Director ✓ 3.8Moz Misima Gold Project Definitive Feasibility Study complete ✓ Mineral Hill long term production pathway being established www.kingstonresources.com.au
Slide 2: Disclaimer
Disclaimer Forward Looking Statements Disclaimer Exploration by Other Explorers For personal use only 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: ASX listed mid-tier gold producer in Asia-Pacific
Our Vision is to create an ASX listed mid-tier gold producer operating in the Asia-Pacific Led by an experienced and qualified management team with a proven track record for creating value by developing and operating gold mines For personal use only Two 100%-owned Gold Current Gold & Silver Large-sc
Slide 4: Investment Summary
Investment Summary For personal use only Misima Gold-Silver Project (100%) in PNG • DFS confirms potential for a large-scale, long-life, low-cost operation • Forecast gold production of ~2.4Moz pa open pit gold mine over 20-year mine life • Pre-tax Net Present Value (NPV) of A$956 million • LOM reve
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only Current Directors & Management Share Price1 $0.14 Mick Wilkes Non-Executive Chairman 35+ years experience Shares on Issue 412.7M Andrew Corbett Managing Director 25+ years experience Market Capitalisation $55.7M Stuart Rechner Non-Executive Director 15+ years
Slide 6: Misima Update
For personal use only Misima Update Corporate Update | June 2022 6
Slide 7: PNG − Home of World-Class Mines
PNG − Home of World-Class Mines 6 For personal use only 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 8: Misima – Definitive Feasibility & Ore Reserve
Misima – Definitive Feasibility & Ore Reserve1 Large scale, long-life, low-cost open pit Gold and Silver Mine For personal use only 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 9: Misima Definitive Feasibility Study Results
Misima Definitive Feasibility Study Results Technically robust with strong economics DFS Summary & Economics For personal use only Figure: Misima Project • Total production of 2.4Moz of gold and 5.7Moz LOM Years 20 of silver, over 20-year mine life LOM Gold production oz 2,378,519 • LOM All In Susta
Slide 10: Reserve Upgrade
Reserve Upgrade 1.73Moz Reserve underpins long life Misima Project For personal use only 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 11: Misima Definitive Feasibility Site and Plant Layout
Misima Definitive Feasibility Site and Plant Layout Excellent infrastructure and proven accessibility For personal use only Misima Gold Project Site Layout Misima Gold Project Plant Layout Access to existing Misima Island infrastructure including roads, Simple layout, utilising previous plant locati
Slide 12: Misima ESIA & Approvals Update
Misima ESIA & Approvals Update For personal use only • Misima Gold Project Definitive Feasibility Study (DFS) complete • Environmental and Social Impact Assessment (ESIA) is nearing completion • Mining License (ML) and environmental applications will be submitted post ESIA conclusion • Intend to eng
Slide 13: Mineral Hill Overview
For personal use only Mineral Hill Overview Corporate Update | June 2022 13
Slide 14: Mineral Hill – Project Summary
Mineral Hill – Project Summary Established gold and copper mine in the Cobar Basin For personal use only Location 516km W of Sydney NSW in Cobar Basin Ownership 100%: 20 ML’s (4.85km2) & 2 EL’s (335km2) Reserves1 71,163 Au oz Resources1 469,217 Au equiv oz (38% Cu, 35% Au) 2 Orebody Low-sulphidation
Slide 15: Mineral Hill – Strategic Growth Channels
Mineral Hill – Strategic Growth Channels Future growth embedded in existing asset base For personal use only Development pathway being established • Focused on growing production and establishing an initial five year production plan from Pearse open pits and SOZ underground • Recently completed dril
Slide 16: Production & Development Plan
Production & Development Plan Aiming for new mine production from late 2023 For personal use only 2021 2022 2023 2024 2025+ Tailings production Pearse South/Pearse North SOZ underground Jacks Hut Parkers Hill / GD 140 Drilling Development Production • Mining and processing rates have increased to 70
Slide 17: Outstanding Development Targets Included in Resource
Outstanding Development Targets Included in Resource No Resource Historic High-Grade Gold-Copper Results For personal use only 4 1 Jacks Hut Pearse North 49m @ 1.8% Cu, 0.76g/t Au, 3.3g/t Ag 15.6m @ 13.30g/t Au, 114g/t Ag 30m @ 1.1% Cu, 0.15g/t Au, 2.7g/t Ag 17m @ 4.48g/t Au, 8.7g/t Ag 1 6 28m @ 1.0
Slide 18: Diamond Drilling: Pearse South and Pearse North
Diamond Drilling: Pearse South and Pearse North High-Grade Gold Hits from Initial Drilling at Pearse North For personal use only • Aiming to re-establish mine production at Pearse pits • Current drilling confirms the presence of mineralisation outside the historic Ore Reserve pit shell, set at US$13
Slide 19: Diamond Drilling: Southern Ore Zone
Diamond Drilling: Southern Ore Zone (Cu-Au-Zn-Pb-Ag) Outstanding Drilling Results at SOZ Underground For personal use only • Targeting re-establishment of mining at the SOZ underground, leveraging the existing decline development and infrastructure for low cost restart • Extensive development in pla
Slide 20: Regional Exploration Upside
Regional Exploration Upside Multiple New Priority Targets Identified at Mineral Hill For personal use only Figure: EL1999 Mineral Exploration Licenses EL1999 and exploration EL8334 represent a first-class exploration map footprint in the Cobar Basin which hosts a number of gold and copper-gold occur
Slide 21: Summary: Focus on Executing our Clearly Defined Strategy
Summary: Focus on Executing our Clearly Defined Strategy For personal use only Production Growth Embedded in Existing Asset Base • Extensive Resource base with advanced development prospects alongside current gold production and cashflow at Mineral Hill provide a solid platform for growth • Exceptio
Slide 22: Appendix
For personal use only Appendix Corporate Update | June 2022 22
Slide 23: Disclaimer: Competent Person's Statement – Mineral Hill
Disclaimer 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 supporting documenta
Slide 24: Mineral Hill − Resources by Classification
Mineral Hill Mine Mineral Hill − Resources by Classification For personal use only Reserves Resource by Classification Kt Deposit Kt Au (g/t) Ag (g/t) Au (Koz) Ag (Koz) Measured 12% 698 Gold equivalent resource by commodity TSF 1,810 1.13 43 Indicated 77% 4,542 Pearse 83 5.12 85 14 227 Inferred 11%
Slide 25: Mineral Hill Mine – Resources & Reserves
Mineral Hill Mine – Resources & Reserves Attractive commodity base with significant growth potential For personal use only Total Reserve Inventory Proved Probable Measured Resource Inventory Au Ag Au Ag Au Ag Au Ag Au Ag Au Ag Au Ag Cu Pb Zn Au Ag Cu Pb Zn Deposit kt (g/t) (g/t) (koz) (koz) kt (g/t)
Slide 26: Au Equivalent Calculation Metrics
Mineral Hill Mine – Resources & Reserves Au Equivalent Calculation Metrics For personal use only • 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 27: Extensive Infrastructure Base at Mineral Hill
Extensive Infrastructure Base at Mineral Hill Providing a platform for growth with organic expansion opportunity For personal use only Process Facilities • Independent plant valuation $74m, including recent refurbishments Change Rooms 7 totalling $6m for tailings Office processing • CIL circuit
Slide 28: Environmental and social licence to operate
Mineral Hill Mine Environmental and social licence to operate For personal use only • 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 29: 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
Slide 30: Disclaimer: Competent Person's Statement – Misima
Disclaimer 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 Misima Mineral Resource Estimate is based on and fairly represents, information and supporting documentation compiled by
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