Kingston Resources Ltd. · ASX:KSN
Kingston Resources — RIU Sydney Resources Round-Up 2025
27 slides from Kingston Resources's conference presentation, May 6, 2025
Slide 1: Kingston Resources RIU Sydney Conference Presentation
For personal use only Kingston Resources Limited RIU Sydney Conference Presentation GOLD AND BASE METAL PRODUCTION COBAR BASIN, NSW 6-8 MAY 2025 www.kingstonresources.com.au I ASX: KSN
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: Exploration by Other Explorers, Production Target
Important notices and disclaimer Exploration by Other Explorers For personal use only 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 Gold production at spot price: Kingston is producing gold and silver from open pit mining. Mineral Hill processing plant: Operating at full capacity, weekly gold/silver dore sales. Copper1 production from underground in FY26 Expansion:
Slide 5: Corporate snapshot
Corporate snapshot 1-Year Share Price Performance Market Volume('000) RHS Close Price (A$) (LHS) Shares on issue 821m For personal use only 0.12 40,000 Warrants & options2,3 168.4m 0.1 30,000 0.08 Share price (17/3/2025) $0.09 0.06 20,000 0.04 10,000 Market cap $74m 0.02 0 0 Cash @ 31 March 20251 $1
Slide 6: Mineral Hill Gold and Copper Mine
For personal use only Mineral Hill Gold and Copper Mine Pearse North Open Pit April 2025 www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 6
Slide 7: Kingston's Key Achievements at Mineral Hill
Kingston’s Key Achievements at Mineral Hill Growth platform to build a mid-tier gold and copper producer For personal use only Operating Cash Processing Plant Underground Community Flow • Refurbishment of • Pumping Engagement • Material cash flow crushing, grinding • Ground support • 52% of the work
Slide 8: The Mineral Hill story so far
The Mineral Hill story so far Transformative return on investment and growth For personal use only • Mineral Hill was purchased in Production 42koz $137m $38m Jan 2022 for $23 million2 and Cash Operating Gold sales Net revenue • Revenue to date $137 million1 Flow1 margin • Operating cash flow to dat
Slide 9: Mining schedule
Mining schedule Open pit mining and processing to Q4FY25 For personal use only Life of mine out to 2031 – 6 years Pearse North Dec-26 Dec-24 Dec-25 Dec-27 Jun-26 Jun-25 Jun-27 • Mining inventory: 217kt @ 2.2g/t gold and 25g/t silver remaining* Open Pit Mining • Transitioning to flotation processing
Slide 10: Open Pit Mining – Pearse North
Open Pit Mining – Pearse North Successful production, processing and financial performance1 For personal use only March 2025 quarterly highlights1: Summary Unit Q1 FY25 Q2 FY25 Q3 FY25 Revenue A$m N/A2 14.0 19.7 Operating Cash Flow A$m N/A2 6.4 5.4 Waste Mined T 413,600 654,080 557,351 Ore Processed
Slide 11: Underground early works underway
Underground early works underway Two existing underground mines with declines and Setting up the long-term future of Mineral Hill ventilation systems in place For personal use only • Underground mine life >5-years • Leveraging existing infrastructure & approvals. • UG development due to commence ear
Slide 12: SOZ Underground – Drilling Program
SOZ Underground – Drilling Program Expanding Resources and extending operational life of mine For personal use only SOZ Underground diamond drilling • Underground diamond drilling: commenced in Feb 2025. • Focus: Infill & extension of existing resources, targeting both stope shapes and high-grade lo
Slide 13: Increase scale at Mineral Hill
Increase scale at Mineral Hill Strategy on expanding Mineral Resources and making new discoveries For personal use only EOZ high GD140 Parkers Hill Currently 7.2Mt of grade Au target MRE update and underground resources target extensions Plan: • Underground drilling Red Terror • Update Resource targ
Slide 14: Extension potential at depth and regionally
Extension potential at depth and regionally Mineral Hill remains open at depth and along the regional trends For personal use only • Depth of drilling <500m depth • Major mineral deposits in Cobar extend to ~1.8km • Numerous (long section looking SW) regional exploration targets 13km www.kingstonres
Slide 15: Grow the operating scale with regional exploration
Grow the operating scale with regional exploration Highly prospective drill targets and geochemical signatures For personal use only • Major capital investment complete • Open pit mining underway • Underground mining in 2026 • Generating cash flow • Focus on value-driven exploration: • EL8334: High-
Slide 16: Add projects within trucking distance to Mineral Hill
Add projects within trucking distance to Mineral Hill Mineral Hill is the only processing facility in the southern Cobar Basin For personal use only Grow resources and expand daily throughput 2,000 t/day tpd 2,000 1,000 t/day Target a tpd 1,000 doubling of production Today – 360,000 tpa Target – 700
Slide 17: Misima Gold Project
For personal use only Misima Misima Gold Mine – circa 1995 Gold Project Corporate Presentation | May 2025 17
Slide 18: Misima – high value growth asset
Misima – high value growth asset Large scale, long-life, low-cost open pit gold and silver mine For personal use only • Large, low-cost, 20-year gold project averaging Item Unit Base Spot 128koz gold per annum Gold Price USD/oz US$1,800/oz US$2,700/oz • Base case NPV of A$956m1 at a gold price Excha
Slide 19: KSN offers leverage to a rising gold price
KSN offers leverage to a rising gold price 4 5 3 KSN initiates High leverage to the gold price 2 2022 sale/JV 2021 For personal use only Misima process Resource DFS 1 2019 – KSN grows to Gold Price USD per ounce completes 3.8Moz 2017 - KSN 100% commences ownership $3,000 Misima earn-in Today we are
Slide 20: 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 Prime Cobar Location: Mineral Hill in the Co
Slide 21: Appendix
For personal use only Appendix www.kingstonresources.com.au I ASX: KSN Corporate Presentation | May 2025 21
Slide 22: 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 23: 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 Corporate Presentation | Ma
Slide 24: 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 Cash backed environmental bonds Tailings capacity in place and expansion plans scheduled Biodiversity offset established www.kingstonresources.com.au I ASX: KSN
Slide 25: Competent Person Statement
Competent Person Statement Competent Person’sStatement - 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, Competent Person’sSta
Slide 26: 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 27: 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
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