Kingston Resources Ltd. · ASX:KSN
Kingston Resources — RIU Sydney Resources Roundup 2024
32 slides from Kingston Resources's conference presentation, May 7, 2024
Slide 1: Step change in cash flow with open pit mining
For personal use only Step change in cash flow with open pit mining RIU Sydney Conference Accelerating to Hard Rock Mining Expanding the underground mine life May 2024 Building a Gold and Copper miner 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
Important notices and disclaimer For personal use only 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 vou
Slide 4: Kingston Resources: Investment highlights
Kingston Resources: Investment highlights For personal use only Successful Tailings Project & Open Pit Restart1: +$25m operating cash from the 1 Tailings project, Pearse open pit restart (Q2'24), boosting payable metal 133% YoY (FY25) to ~7kt CuEq (high-grade gold/silver). Processing Plant Expansion
Slide 5: Corporate snapshot
Corporate snapshot For personal use only Shares on issue 633.7m 3-Year Share Price Performance Warrants & options2,3 98.7m Market Volume('000) RHS Close Price (A$) (LHS) Share price @ 6 May 2024 $0.07 0.3 8000 Market cap @ 6 May 2024 $42.5m 6000 0.2 4000 Cash @ 8 April 2024 $10.7m 0.1 2000 Restricte
Slide 6: Strategic regional setting for foundational base metals
Strategic regional setting for foundational base metals1 For personal use only • Strategic advantage of ownership of flexible processing capacity and 8.9Mt of polymetallic resources • Clear path to underground mining sees increasing levels of copper and zinc production Lead Zinc Gold Silver FY24 FY2
Slide 7: 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 8: Mineral Hill: Growth strategy for 2024 and beyond
For personal use only Mineral Hill Growth strategy for 2024 and beyond Growth Strategy for 2024 and Beyond www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 8
Slide 9: Extensive existing infrastructure
Extensive existing infrastructure Targeting a mine plan beyond 10 years For personal use only Production set to increase 133% in FY25 Mineral Hill Processing Capacity 700 ktpa Phase 3 350 ktpa Regional acquisition Phase 1 potential to expand Complete the Tailings the processing Today The Future Proj
Slide 10: Profitable growth: Mineral Hill drives cash & resources
Profitable growth: Mineral Hill drives cash & resources Strong operational performance; well-positioned for continued growth For personal use only Delivering the Plan- $25m operating cash flow since acquiring Mineral Hill January 2022 ($23m total consideration1) Resource Growth – Total Mineral Resou
Slide 11: Mineral Hill: strategic location in the Cobar Basin
Mineral Hill: strategic location in the Cobar Basin Significant organic and regional resource growth opportunities For personal use only Abundance of gold-silver and polymetallic deposits within trucking distance of Mineral Hill processing plant • Prime Cobar Basin Location: Situated in the heart of
Slide 12: Refurbished plant scheduled for Q4 FY2024
Refurbished plant scheduled for Q4 FY2024 Transforming Mineral Hill back to a hard rock mining operation For personal use only Fast-Track to Production: All approvals secured, refurbishment on track (crushing to commence Q2'24), initial oxide ore feed for dore production. www.kingstonresources.com.a
Slide 13: Underground and open pit mining
Underground and open pit mining Focus on extending 5-year mine life, producing both precious and base metals For personal use only Underground Underground Open pit mining Underground drilling mining to to commence in refurbishment is to commence commence later Q2 2024 well advanced in Q4 2024 H1 202
Slide 14: Pearse Open Pit Mining - Updated MRE
Pearse Open Pit Mining- Updated MRE Significantly larger gold deposit For personal use only • Updated Pearse North MRE, with gold and silver increasing from the previous estimate 30% and 67% respectively • Both pits contain high grade gold and silver • All permits and approvals in place Table 1 Pear
Slide 15: SOZ underground mining – low cost, high-grade
SOZ underground mining – low cost, high-grade Reduced capital required for high-grade ore: leveraging existing declines For personal use only Long section of Southern Ore Zone looking east • Production target1 using the Southern Ore Zone (SOZ) and Jack’s Hut • Existing decline development reduces ca
Slide 16: SOZ underground – infill drilling
SOZ underground – infill drilling Infill drilling expands high-grade copper For personal use only • New Discovery at Mineral Hill Existing Mineral • New lode intersected in the footwall (New Resource Zone Structure #2) • 12.5m @ 3.41% CuEq1 (KSNDDH017) • Infill drilling confirms main underground lod
Slide 17: Advanced near mine development plan
Advanced near mine development 5 EL1999 plan For personal use only Resource expansion strategy and near mine exploration • Five priority targets within the ML • Focus on resource expansion and extending the 4 mine life 3 2.5km 22 1 Southern Ore Zone (SOZ) Extension 2 South Aurum (Pearse Corridor) 3
Slide 18: Upside opportunities
Upside opportunities Resource expansion strategy and near mine exploration For personal use only EOZ high GD140 Parkers Hill grade Au target MRE update and target extensions Red Terror target • Mineralisation over 2.5km SOZ MRE1 • Multiple ore Jacks Hut update Infill & Extension bodies New Lode • Ex
Slide 19: Exploration within EL1999
Exploration within EL1999 Multiple drill targets to be tested For personal use only • Several near-mine copper and gold targets • Lead is the primary pathfinder element for polymetallic mineralisation. Copper is highly mobile and less commonly anomalous at surface • Geochemical anomalies coincident
Slide 20: Regional exploration
Regional exploration For personal use only Highly prospective exploration tenure within EL8334 • Coincident geophysical features (gravity and induced polarisation) • Highly prospective geology and regional scale structures • Lead-in-soil anomalies adjacent to prospects in neighbouring tenements • Th
Slide 21: Misima Gold Project
For personal use only Misima Gold Project RIU Sydney Conference | May 2024 21
Slide 22: 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 For personal use only • Large, low-cost 20-year gold project with A$956m1 NPV at a g
Slide 23: Misima Project History
Misima Project History 5 High leverage to the gold price 4 KSN initiates Gold Price use only sale/JV 2022 process 3 Misima $2,500.00 2021 DFS 2 Resource 5 2019 – KSN grows to 1 completes 3.8Moz 4 $2,000.00 2017 - KSN 100% 3 commences ownership Misima earn-in 2 For personal $1,500.00 1 1988 Commencem
Slide 24: 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 Insert mining picture Prime Cobar Location:
Slide 25: Appendix
For personal use only Appendix www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 25
Slide 26: Building a safety culture and establishing our ESG framework
Building a safety culture and establishing our ESG For personal use only framework 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 RIU Sy
Slide 27: Mineral Hill – Social Licence
Mineral Hill – Social Licence 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 pla
Slide 28: Mineral Hill Mine – Resources and Reserves
Mineral Hill Mine – Resources and Reserves Attractive commodity base with significant growth potential For personal use only • 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 resou
Slide 29: 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 30: Mineral Hill – Resources & Reserves
Mineral Hill – Resources & Reserves Attractive commodity base with significant growth potential For personal use only 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
Slide 31: 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 32: 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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