Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (May 2021)
22 slides from Kingston Resources's investor presentation, May 11, 2021
Slide 1: Rising Gold Developer in the Asia-Pacific
For personal use only ASX: KSN Rising GOLD DEVELOPER in the Asia-Pacific Building a substantial new ASX-listed gold producer Corporate Presentation – May 2021 Andrew Corbett, Managing Director ASX: KSN
Slide 2: Disclaimer
Disclaimer 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 For personal use only statements. Such forward looking statem
Slide 3: A Fast-Growing Gold Developer
A Fast-Growing Gold Developer Our vision For personal use only Misima PNG is to create an ASX listed mid-tier gold producer operating + in the Asia-Pacific Leverage the Misima Gold Project as our cornerstone asset Livingstone to build a mid-tier gold company + WA Head Office Led by an experienced an
Slide 4: PNG a world class geological setting
PNG a world class geological setting MISIMA PROJECT 6 600km from Port Moresby For personal use only SIMBERI PFS complete, DFS H2-2021 Moz St Barbara 66 VISION Moz Lihir NEWCREST MINING New mid-tier gold leader FRIEDA RIVER 17 Moz PanAust KAINANTU 24 PORGERA 2 K92 MINING 23 Moz Panguna Moz Barrick Go
Slide 5: Misima Pre-Feasibility & Ore Reserve
Misima Pre-Feasibility & Ore Reserve #1 3.60Moz Gold 24.2Moz Silver For personal use only Resource Resource 1.35Moz Gold 6.5Moz Silver Ore Reserve Ore Reserve Misima: the next low-cost, large-scale 130kozpa Production $822m pre-tax NPV gold producer in the at AISC A$1,159/oz, with 33% IRR Asia-Pacif
Slide 6: Capital Structure and Board of Directors
Capital Structure and Board of Directors Share Price A$0.21 For personal use only Issued Shares 282M Market Cap $60M Enterprise Value $46M MICK WILKES ANDREW CORBETT STUART RECHNER TONY WEHBY Cash (31 Mar 2021) $13.5M Chairman Managing Director Non-Executive Director Non-Executive Director Top 20 sh
Slide 7: Sustainability
Sustainability Safety People For personal use only • Zero LTI’s • PNG employees +90% • COVID-19 Management • Can-do culture Plan in place • Attract and retain the • Baseline data for TRIFR right people • Introduced Take 5 & JSRA • Caring for our people Environment Community • Zero environmental non-
Slide 8: Misima Island
MISIMA ISLAND For personal use only +100 years of production, +7Moz endowment to date SCALE 3.6Moz Au & 24.2Moz Ag Resource, 1.35Moz Au & 6.48Moz Ag Reserve ADVANTAGE Brownfields site, skilled workforce, supportive community HISTORY Operated by Placer as 5.5Mtpa CIL operation for 15 years www.kingst
Slide 9: Misima Pre-Feasibility Study
Misima Pre-Feasibility Study • Misima PFS completed in November 2020 demonstrating the robust economics of the project. For personal use only • Development underpinned by 3.6Moz Resource1 and 1.35Moz Reserve1 • Leveraging off 15 years of previous production history: ‾ New plant largely replicates su
Slide 10: Misima Pre-Feasibility Study
Misima Pre-Feasibility Study PFS metric Units Value • PFS delivered exceptional economics1,2: LOM Years 17 For personal use only ✓ 17-year mine life at 130,000oz average annual production LOM gold production oz 2,133,157 ✓ LOM average AISC A$1,159/oz LOM average annual gold production oz 129,282 ✓ L
Slide 11: Pre-Feasibility Site Layout
Pre-Feasibility Site Layout For personal use only • Kingston to mine and process the same orebody • Utilising previous process plant location • Leveraging existing land topography and previous footprint • Excellent access to current Misima Island facilities such as roads, airport, and ports • Simple
Slide 12: Misima PFS – Proven and Simple Process Flowsheet
Misima PFS – Proven and Simple Process Flowsheet For personal use only www.kingstonresources.com.au I ASX: KSN 12
Slide 13: Umuna Deposit: 3.3Moz Resource
Umuna Deposit: 3.3Moz Resource Umuna Resource: 133Mt @ 0.78g/t Au, 5.3g/t Ag For personal use only Exceptional upside potential: • Umuna open pit previously produced over 3.5Moz Au • Resource is drill-constrained with outstanding potential to increase ounces at depth and to the north • Shallow drill
Slide 14: Umuna Deposit: High-Grade Structures
Umuna Deposit: High-Grade Structures Umuna hosts a number of high-grade structures inside a broader mineralised corridor. Intersections include1: For personal use only 84m @ 7.20g/t Au 20m @ 17.04g/t Au 36m @ 8.50g/t Au 64m @ 4.13g/t Au 40m @ 6.49g/t Au 78m @ 2.76g/t Au 57m @ 3.39g/t Au 90m @ 1.84g/
Slide 15: Resource drilling at Kulumalia
Resource drilling at Kulumalia • Drilling at Kulumalia, located at the southern end of the For personal use only Umuna orebody, has returned positive assay results: ➢ 20.7m @ 2.52g/t Au & 86.1g/t Ag from 99m ➢ 17.5m @ 2.28g/t Au & 2.5g/t Ag from 222m ➢ 14.2m @ 1.61g/t Au & 4.0g/t Ag from 147m ➢ 22.4
Slide 16: Misima Exploration Strategy
Misima Exploration Strategy • Current Misima Resource is open at depth and drill- For personal use only constrained • Exploration focus remains on near-surface mineralisation and key exploration targets include: • Abi: Follow-up discovery hole GDD0441 ➢ 23.6m @ 2.91g/t Au from 7.4m, incl. 13.5m @ 4.
Slide 17: Community Support the Key to Success
Community Support the Key to Success 130-year history of mining Misima Councillors’ meeting experience For personal use only Skilled resident workforce, with +100 FIFO Misima residents Strong local support of Kingston’s program, residents keen to see mine re-open Community development Misima PNG roa
Slide 18: Misima: Active Work Program Advancing
Misima: Active Work Program Advancing Q1 Q2 Q3 Q4 2021 For personal use only Resource & exploration drilling JORC Resource Mining studies update Environmental baseline work Project approvals Advancing development focus • Environmental baseline work ongoing, ESIA activity to step-up post PFS • Target
Slide 19: Livingstone Gold Project, WA (75%)
Livingstone Gold Project, WA (75%) • Kingsley prospect discovered in 2018 below auger soil anomaly For personal use only • Homestead Prospect contains a 49,000oz JORC 2004 Resource1, with shallow high-grade intersections including: 18m @ 7.85g/t Au from 68m 5m @ 20.5g/t Au from 3m 7m @ 12.59g/t Au f
Slide 20: Peer Comparison
Peer Comparison For personal use only Notes: • EV calculated as market capitalisation as at 1 February 2020 plus net debt as at 31 Dec 2020 • Resource ounces used are Total Resources and include varying compositions of Measured, Indicated and Inferred. Reserve ounces are Total Reserve and include va
Slide 21: For personal use only
✓ Exceptional large-scale production at Misima ✓ PFS 17-year mine life at For personal use only 130,000oz pa at a low AISC of A$1,159/oz ✓ Significantly de-risked - given extensive production history Kingston Resources’ vision ✓ 3.6Moz Resource and 1.35Moz Reserve is to become a significant new - th
Slide 22: Appendix: Data Sources
Appendix: Data Sources EV/Oz and Total Resource and Total Reserve Charts – Slide 17 - Resource data for the included companies is sourced from the following announcements or reports Company Release Date Announcement/Report For personal use only Anova Metals 18 Oct 2019 2019 Annual Report Apollo Cons
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