Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Noosa Mining Investor Conference 2022
26 slides from Kingston Resources's conference presentation, Nov 9, 2022
Slide 1: Asia-Pacific Gold and Copper Mining Company
For personal use only Asia-Pacific Gold and Copper Mining company Noosa Mining Investor Conference 9 - 11 November 2022 Andrew Corbett, Managing Director Mineral Hill delivering growth in gold and copper production 3.8Moz Misima Gold Project Definitive Feasibility Study complete ASX: KSN www.kin
Slide 2: Disclaimer
Disclaimer For personal use only Forward Looking Statements Disclaimer Exploration by Other Explorers 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: 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 open pit gold mine over 20-year mine life • Pre-tax Net Present Value (NPV) of A$956 million • LOM revenue
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Current Directors & Management Share Price1 $0.09 Mick Wilkes Non-Executive Chairman 35+ years experience Shares on Issue 413.4M Andrew Corbett Managing Director 25+ years experience Market Capitalisation $37.2M Stuart Rechner Non-Executive Director 15+ years
Slide 5: Mineral Hill Overview
For personal use only Mineral Hill Overview Corporate Update | October 2022 5
Slide 6: Mineral Hill – An Attractive and Strategic Asset
Mineral Hill – An Attractive and Strategic Asset For personal use only Established gold and copper mine in the Cobar Basin 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 Orebod
Slide 7: Mineral Hill – Strategic Mine Plan
Mineral Hill – Strategic Mine Plan For personal use only Multiple work programs underway to expedite mine production • Strategy established to deliver initial five-year mine plan, underpinned by resource base growth, to deliver gold and copper production. • Resource updates for Pearse North, Pearse
Slide 8: Production & Development Plan
Production & Development Plan For personal use only Aiming for new mine production from late 2023 2022 2023 2024 2025 2026+ Tailings production Pearse South/Pearse North SOZ underground Jacks Hut Parkers Hill / GD 140 Drilling Development Production • Focus on Pearse open pits and SOZ underground fo
Slide 9: Mineral Hill − Tailings Project
Mineral Hill − Tailings Project For personal use only Significant progress since acquisition, delivering positive cash flow • Successful ramp up of the tailings project since acquisition Gold sold (oz per quarter) 3,500 by Kingston in January 2022. 3,000 • Mineral Hill has produced +10,000 ounces of
Slide 10: Outstanding Development Targets
Outstanding Development Targets For personal use only Included in Resource No Resource Historic high-grade gold-copper results1 4 1 Jacks Hut Pearse North 49m @ 1.8% Cu, 0.8g/t Au, 3.3g/t Ag 15.6m @ 13.3g/t Au, 114g/t Ag 30m @ 1.1% Cu, 0.2g/t Au, 2.7g/t Ag 17m @ 4.5g/t Au, 8.7g/t Ag 1 6 28m @ 1.0% C
Slide 11: Diamond Drilling: Pearse South and Pearse North
Diamond Drilling: Pearse South and Pearse North For personal use only High-grade gold hits from initial drilling at Pearse North • Current drilling confirms the presence of mineralisation outside the historic Ore Reserve pit shell, set at US$1300/oz Au. • Significant high-grade gold results received
Slide 12: Diamond Drilling: Southern Ore Zone
Diamond Drilling: Southern Ore Zone (Cu-Au-Zn-Pb-Ag) For personal use only Outstanding Copper and Gold drilling results at the SOZ underground • Targeting re-establishment of mining at the SOZ underground, leveraging the existing decline development and infrastructure for low-cost restart • Extensiv
Slide 13: Diamond Drilling: Jack's Hut Copper and Gold
Diamond Drilling: Jack’s Hut Copper and Gold For personal use only Shallow Copper and Gold hits from initial drilling at Jack’s Hut • Jack’s Hut represents a prospective low cost, near-term copper production opportunity with potential to be incorporated into or extend the 5yr mine plan that is being
Slide 14: Regional Exploration Upside
Regional Exploration Upside For personal use only Multiple new priority targets identified at Mineral Hill Figure: EL1999 Mineral Exploration Licenses EL1999 and exploration map EL8334 represent a first-class exploration footprint in the Cobar Basin which hosts a number of gold and copper-gold occur
Slide 15: Misima Update
For personal use only Misima Update Corporate Update | October 2022 15
Slide 16: PNG − Home of World-Class Mines
PNG − Home of World-Class Mines For personal use only 6 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 17: Misima – Definitive Feasibility & Ore Reserve
Misima – Definitive Feasibility & Ore Reserve1 For personal use only Large scale, long-life, low-cost open pit Gold and Silver Mine 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 18: Misima Definitive Feasibility Site and Plant Layout
Misima Definitive Feasibility Site and Plant Layout For personal use only Excellent infrastructure and proven accessibility 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 19: Summary: Focus on Executing our Clearly Defined Strategy
Summary: Focus on Executing our Clearly Defined Strategy For personal use only Leveraging existing gold-copper asset base while advancing future growth opportunities Experienced management team focused on maximising 01 shareholder returns Mineral Hill delivers extensive Resource base, advanced 02 de
Slide 20: Appendix
For personal use only Appendix Corporate Update | October 2022 20
Slide 21: Disclaimer
Disclaimer For personal use only 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 an
Slide 22: Mineral Hill − resources by classification
Mineral Hill Mine For personal use only Mineral Hill − resources by classification 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 South 83 5.12 85 14 227 Inferre
Slide 23: Mineral Hill Mine – Resources & Reserves
Mineral Hill Mine – Resources & Reserves For personal use only Attractive commodity base with significant growth potential 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 24: Au equivalent calculation metrics
Mineral Hill Mine – Resources & Reserves For personal use only Au equivalent calculation metrics • 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 25: Environmental and social licence to operate
Mineral Hill Mine For personal use only Environmental and social licence to operate • 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 26: Misima Gold Project – Resources & Reserves
Misima Gold Project – Resources & Reserves For personal use only Misima Resources & Reserves 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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