Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Ord Minnett East Coast Mining Conference 2023
28 slides from Kingston Resources's conference presentation, Mar 23, 2023
Slide 1: Asia-Pacific Gold and Copper Mining Company
ASX: KSN For personal use only Asia-Pacific Gold and Copper Mining company Ord Minnett East Coast Mining Conference March 2023 Andrew Corbett, Managing Director ✓ Mineral Hill delivering growth in gold and copper production ✓ 3.8Moz Misima Gold Project Definitive Feasibility Study complete www.kings
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 is to Create an ASX Listed Mid-tier Gold & Copper Producer
Our Vision is to Create an ASX Listed Mid-tier Gold & Copper Producer 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 Current Gold & Silver Two 100%-owned Gold Large-scale, long-life, low-c
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 open pit gold mine over 20-year mine life • Pre-tax Net Present Value (NPV) of A$956 million • LOM revenue
Slide 5: 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 415.6M Andrew Corbett Managing Director 25+ years experience Market Capitalisation $37.4M Stuart Rechner Non-Executive Director 20+ years
Slide 6: Mineral Hill Overview
For personal use only Mineral Hill Overview March 2023 6
Slide 7: Mineral Hill – An Attractive and Strategic Asset
Mineral Hill – An Attractive and Strategic Asset Established gold and copper mine in the Cobar Basin For personal use only Location 516km W of Sydney NSW in Cobar Basin Ownership 100%: 20 ML’s (4.85km2) & 2 EL’s (335km2) Reserves1 53,449 Au oz Resources1 748,350 Au equiv oz (41% Cu, 31% Au) 2 Struct
Slide 8: Mineral Hill – Record Gold Production from Tailings
Mineral Hill – Record Gold Production from Tailings Tailings processing running at a 690ktpa run rate For personal use only Gold sold & AISC A$/oz Gold Sold (ozs) AISC A$/oz 4,000 3,500 3,000 2,500 2,000 2,433 Figure: TSF Gold Project 2,079 Figure: 100th gold bar produced at Mineral Hill 1,500 1,770
Slide 9: Production & Development Plan
Production & Development Plan Drilling Development Production Targeting copper production in late 2024 For personal use only 2023 2024 2025 2026 2027 Tailings reprocessing – Au & Ag Forecasted to March 2024 Open pits – Au & Ag Operations producing gold and silver until end of 2024 Underground – Cu,
Slide 10: Mineral Hill Mine – Resources & Reserves
Mineral Hill Mine – Resources & Reserves Attractive commodity base with significant growth potential For personal use only Oblique view looking South West − Dec 2022 Total Mineral Resources Deposit Kt Au Ag Cu Pb Zn Au Ag Cu Pb Zn (g/t) (g/t) % % % (Koz) (Koz) (Kt) (Kt) (Kt) TSF 1,171 1.07 0 40 Pear
Slide 11: Outstanding Development Targets Included in Resource
Outstanding Development Targets Included in Resource No Resource Historic high-grade gold-copper results1 For personal use only 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 12: Open Pit Ore Reserve: High Grade Gold & Silver
Open Pit Ore Reserve: High Grade Gold & Silver The first component of the LOM plan to recommence hard rock mining For personal use only • Updated Ore Reserve1 on the back of resource drilling in 2022 and a Mineral Resource update. • Metal pricing of US$1800/oz for gold, US$24/oz for silver and excha
Slide 13: Southern Ore Zone (Cu-Au-Zn-Pb-Ag)
Southern Ore Zone (Cu-Au-Zn-Pb-Ag) Significant increase in Mineral Resources, plus outstanding copper and gold drilling results For personal use only • Nov 2022 SOZ MRE has increased by 114% in tonnage, 54% in gold and 64% in copper. Contained silver, lead and zinc have all more than doubled. NORTH
Slide 14: Jack's Hut Copper and Gold Resource
Jack’s Hut Copper and Gold Resource Jack’s Hut has increased total MH gold and copper by 26% For personal use only • Provides an additional high-grade copper (Cu) gold (Au) resource area for the Mineral Hill. • Jack’s Hut increases contained gold and copper for the entire Mineral Hill Resource base
Slide 15: Regional Exploration Upside – EL1999
Regional Exploration Upside EL1999 − multiple new priority targets identified For personal use only Mineral Exploration Licenses EL1999 and EL8334 represent a first-class exploration 5 footprint in the Cobar Basin, which hosts numerous gold and copper-gold 4 occurrences and operating mines Five exci
Slide 16: Regional Exploration Upside – EL8334
Regional Exploration Upside EL8334 – numerous targets NW of Mineral Hill For personal use only Extensive geological work has been undertaken to consolidate data and knowledge of advanced targets. • Claytons Dam Prospect (gold) • Walkers Hill (gold-copper) • Long Panel Mine (polymetallic) • Gleninga
Slide 17: Misima Update
For personal use only Misima Update March 2023 17
Slide 18: 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 19: 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 20: 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 21: 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 is in place to the existing Misima Island infrastructure Simple layout, utilising previous plant locatio
Slide 22: Summary: Focus on Executing our Clearly Defined Strategy
Summary: Focus on Executing our Clearly Defined Strategy Leveraging existing gold-copper asset base while advancing future growth opportunities For personal use only Experienced management team focused on maximising 01 shareholder returns Mineral Hill delivers extensive Resource base, gold productio
Slide 23: Appendix
For personal use only Appendix March 2023 23
Slide 24: Mineral Hill Mine – 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 • Environ
Slide 25: Disclaimer – Competent Person's Statement
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 26: Mineral Hill Mine – Resources & Reserves
Mineral Hill Mine – Resources & Reserves Measured Resource Inventory Attractive commodity base with significant growth potential Deposit Kt Au Ag Cu Pb Zn Au Ag Cu Pb Zn (g/t) (g/t) % % % (Koz) (Koz) (Kt) (Kt) (Kt) Zinc For personal use only Southern Ore Zone 228 2.11 11 1.3% 0.5% 0.3% 15 79.9 3 1 1
Slide 27: 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 28: 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
Kingston Resources — Ord Minnett East Coast Mining Conference 2023 on 6ix