Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Blue Ocean Precious & Base Metals Conference (February 2024)
29 slides from Kingston Resources's conference presentation, Feb 5, 2024
Slide 1: Growing a gold and copper mining company
Growing a gold and copper mining company February 2024 Andrew Corbett, Managing Director ✓ Mineral Hill delivering growth in gold and copper production ✓ 3.8Moz Misima Gold Project Definitive Feasibility Study complete ASX: KSN
Slide 2: Important notices and disclaimer
Important notices and disclaimer Forward Looking Statements 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 looking statements: include, among other thin
Slide 3: Important notices and disclaimer
Important notices and disclaimer 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 vouch for the accuracy of
Slide 4: Mineral Hill: Growth Strategy for 2024 and Beyond
Mineral Hill Growth Strategy for 2024 and Beyond Growth Strategy for 2024 and Beyond www.kingstonresources.com.au I ASX: KSN Corporate Update February 2024 4
Slide 5: Mineral Hill: a growth platform
Mineral Hill: a growth platform Strong operational performance; well-positioned for continued growth • Delivery on the plan - Operating cash flow of $24m since acquiring Mineral Hill January 2022 ($23m total consideration1) • Resource Growth – Since acquisition resources have grown by 64% to 795koz
Slide 6: Successful and Profitable Tailings Retreatment Project
Successful and Profitable Tailings Retreatment Project Mineral Hill producing gold & silver, generating excellent cash flows Tailings Mining as at the end of Q4 2023: Cumulative Operating Cashflow to 31 December 2023 $24m • Processed 1.37mt project to date 22.50M • Average grade 1.23 g/t Au, +8.1.%
Slide 7: Mineral Hill – strategic location
Mineral Hill – strategic location Significant organic and regional resource growth opportunities Abundance of gold-silver and polymetallic Cobar-style deposits within approved ML’s and within trucking distance of Mineral Hill processing plant Location 516km W of Sydney NSW in Cobar Basin Ownership 1
Slide 8: Extensive existing infrastructure
Extensive existing infrastructure MH Processing Capacity Targeting a mine plan beyond 10 years Float capacity CIL capacity 800,000 Production set to increase1 69% in FY25 700,000 Phase 3 600,000 Phase 1 Regional acquisition Complete the Tailings potential to expand the 500,000 Project processing cap
Slide 9: Refurbished plant scheduled for Q4 FY2024
Refurbished plant scheduled for Q4 FY2024 • Approvals and license to operate in place Transforming Mineral Hill back to a hard rock mining operation • Refurbishment on track and on budget • All major equipment ordered and contractors in place www.kingstonresources.com.au I ASX: KSN Corporate Update
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 Underground Underground Open pit mining Underground drilling mining to to commence in refurbishment is to commence commence later Q2 2024 well advanced in mid 2024 in 2024 Calendar Year 2023
Slide 11: Mineral Hill – Surface Mining
Mineral Hill – Surface Mining High-grade gold ore with silver credits • Two separate open pits at Pearse: • New pit at Pearse North • Deepening and cutback of Pearse South • All permits, management plans and environmental approvals in place. • Discovering additional high-grade Au/Ag deposits within
Slide 12: Mineral Hill – Underground Mining
Mineral Hill – Underground Mining Existing decline development minimises capital requirement to access high-grade ore • Production target1 using the Southern Ore Zone (SOZ) and Jack’s Hut • Existing decline development reduces capital expenditure • Access to SOZ underground is complete – pumped out,
Slide 13: Advanced near mine development plan
Advanced near mine development plan Resource expansion strategy and near mine 5 EL1999 exploration • Five priority targets within the ML Pearse Nth • Focus on resource expansion and extending the mine life Pearse Sth 1 Southern Ore Zone (SOZ) Extension. 4 22 2 South Aurum (Pearse Corridor). 3 Jack’s
Slide 14: Southern Ore Zone - underground
Southern Ore Zone - underground Multiple orebodies with significant potential for extensions and new discoveries • Near mine exploration with priority to extend the underground mine life • KSNDDH017 - A New Discovery at Mineral Hill • 12.5m @ 3.41% CuEq1 • Near existing underground development 1. Se
Slide 15: Exploration within EL1999
Exploration within EL1999 Multiple drill targets to be tested • Several near mine targets with potential to significantly expand contained copper and gold. • Lead is the primary pathfinder element for polymetallic mineralisation. • Geochemical anomalies coincident with IP chargeability anomalies. ML
Slide 16: Regional exploration
Regional exploration Broader exploration strategy within EL8334 • Coincident geophysical features (gravity and induced polarisation). • Highly prospective geology and regional scale structures. • Lead-in-soil anomalies along trend from mineralisation intersected in adjacent tenements www.kingstonres
Slide 17: Building a safety culture and establishing our ESG Framework
Building a safety culture and establishing our ESG Framework Investing in our people and our community Kingston is one of the largest employers in Condobolin Kingston’s ESG framework helps us to operate in a safe, responsible and sustainable way. Investing in our local and residential workforce is g
Slide 18: Misima Gold Project
Misima Gold Project Corporate Update February 2024 18
Slide 19: 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 • High leverage opportunity on the gold price. 3.8Moz Gold 22.1Moz Silver • DFS uses
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 Experienced management team focused on maximising returns with the existing assets Tailings production to continue to mid 2024, expansion into open cuts
Slide 21: Appendix
Appendix www.kingstonresources.com.au I ASX: KSN Corporate Update February 2024 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 Mick Wilkes Andrew Corbett Tony Wehby Stuart Rechner Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Mick is a seasoned mining And
Slide 23: Corporate snapshot
Corporate snapshot 12 month Share Price Performance Market Volume('000) RHS Close Price (A$) (LHS) Share price Market capitalisation 0.14 7000 $0.08 $41.3m 0.12 6000 0.1 5000 0.08 4000 1 February 2023 0.06 3000 0.04 2000 0.02 1000 Shares on issue Warrants & options2 0 0 Feb 23 Apr 23 Jun 23 Aug 23 O
Slide 24: Mineral Hill Mine – Resources and Reserves
Mineral Hill Mine – Resources and Reserves Attractive commodity base with significant growth potential • 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 resource areas to be esti
Slide 25: Mineral Hill – Social Licence
Mineral Hill – Social Licence 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 • Environmental Bon
Slide 26: 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 27: Mineral Hill – Resources & Reserves
Mineral Hill – Resources & Reserves Attractive commodity base with significant growth potential 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) (Kt) (Kt) TSF 1,171
Slide 28: Metal equivalents
Metal equivalents 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 equivalent (CuEq) conv
Slide 29: Misima Gold Project – Resources & Reserves
Misima Gold Project – Resources & Reserves 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 0.3 3.6 20.5 Ewatinona
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