Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Noosa Mining Conference 2025
26 slides from Kingston Resources's conference presentation, Jul 25, 2025
Slide 1: Kingston Resources Limited
Kingston Resources Limited Noosa Mining Conference July 2025 MID-TIER GOLD AND COPPER PRODUCER COBAR BASIN, NSW 23- 25 July 2025 www.kingstonresources.com.au I ASX: KSN
Slide 2: Important notices and disclaimer
Important notices and disclaimer 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 looking statements: inc
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: Investment highlights
Kingston Resources Investment highlights Gold and Silver Production: Resource of 760koz AuEq1, open pit and underground Ore Reserves; copper production CY26. Strong balance sheet: $50M cash received from Misima divestment ($95M total consideration); debt-free. Significant expansion potential: Infill
Slide 5: Corporate snapshot
Corporate snapshot 1-Year Share Price Performance Shares on issue 833m Warrants & options2,3 168.4m Share price (22/7/2025) $0.14 Market cap $116m Cash @ 31 March 20251 $12.48m Restricted cash for environmental bond $7.4m Debt4 $15m Shareholder Structure 1. Estimated Cash balance, as at 31 Mar 2025,
Slide 6: Misima sale complete
Misima sale complete Sale of the PNG gold project allows for an acceleration of Australian gold-copper growth Kingston sold it’s 100% share in the Misima Gold Project to Ok Tedi Mining Limited in the June quarter of 2025. Ok Tedi currently produces copper, gold, silver OK TEDI concentrate from the O
Slide 7: Acceleration of Australian gold-copper growth
Acceleration of Australian gold-copper growth Reduced costs, strong balance sheet and growing cash flow from operations Financial position and cash flow Balance Sheet Targeting Resource Growth Process Inputs Outputs strengthened: Tenure Drilling Production Growth Expertise Resources Free Cash Flow •
Slide 8: Mineral Hill overview
Mineral Hill overview 100%-owned producing asset – Cobar Basin, NSW • Open pit mining to 2026; six-year mine life with drilling to extend underground resources. • Underground refurbishment well advanced with mine development due to commence in Feb 2026 (SOZ). • Current cash flow from gold doré and c
Slide 9: Production and revenue snapshot
Production and revenue snapshot Transformative return on investment and growth Life of mine out to 2031 – 6 years Mineral Hill acquired Jan 2022 for Dec-26 Dec-24 Dec-25 Dec-27 Jun-26 Jun-25 Jun-27 $23M $151M revenue, $41M operating Open Pit Mining cash flow to date1 Open Pit Processing Ramp-up supp
Slide 10: Open pit mining
Open pit mining Current cash flow from gold doré and concentrate sales FY25 gold production 12,061 oz @ AISC 3,100/oz. FY26 payable gold to increase by 55% Pearse North Open Pit as of July 2025 Pearse South Open Pit as of July 2025 www.kingstonresources.com.au I ASX: KSN Corporate Presentation | Jul
Slide 11: Gold concentrate restart milestone
Gold concentrate restart milestone Successful low-cost refurbishment and commissioning • Gold concentrate production restarted in May 2025. • First concentrate production in nearly a decade. CEO & MD, Andrew Corbett I front of flotation stockpiles • Recommissioned flotation circuit enables gold, cop
Slide 12: Leveraging existing underground mines
Leveraging existing underground mines Setting up the long-term future of Mineral Hill • Underground mine life of +5 years. Oblique view of the Southern Ore Zone planned stopes • Underground development set to commence early 2026. • Underground drilling program underway targeting extension of mine li
Slide 13: Underground drilling (SOZ)
Underground drilling (SOZ) Exceptional high-grade gold and copper Plan view of the Southern Ore Zone Infill and extension drilling ongoing, exceptional intercepts including: • 8.8m @ 42.5g/t Au, 1.77% Cu (KSNDDH032). • 4.0m @ 12.89g/t Au, 5.05g/t Ag and 0.73% Cu from 86m (KSNDDH034). • Incl. 1.0m @
Slide 14: Growth potential at Mineral Hill
Growth potential at Mineral Hill Strategy on expanding Mineral Resources and making new discoveries Brownfields Expansion Targets Currently 7.2Mt of underground resources. High grade gold GD140 Parkers Hill Plan: EOZ • Expand underground drilling. • Update Resource estimates. • Add other brownfields
Slide 15: Further potential at depth and regionally to be tested
Further potential at depth and regionally to be tested Mineral Hill remains open at depth and along the regional trends • Depth of drilling <500m depth. • Major mineral deposits in Cobar extend to ~1.8km. • Numerous regional (long section looking SW) exploration targets that will be considered in fu
Slide 16: Drilling priorities
Drilling priorities Near mine open pit and underground targets identified 4 on EL8334 EL1999 5 Key drilling priorities: • Additional underground ore source. • Surface exploration to target additional open pit and underground discoveries. • Commence Greenfields exploration targeting a significant dis
Slide 17: Further resource growth opportunities regionally
Further resource growth opportunities regionally Highly prospective Greenfields drill targets and geochemical signatures provide significant upside Focus on value-driven exploration: EL 8334: High-potential targets Strong soil and geophysical results www.kingstonresources.com.au I ASX: KSN Corporate
Slide 18: Strongly positioned to consider complementary opportunities
Strongly positioned to consider complementary opportunities Mineral Hill is the only operating processing facility in the southern Cobar Basin Grow resources and expand daily throughput Target 2,000 tpd Today Target a 1,000 tpd doubling of production 360,000 tpa 700,000 tpa c.70kozpa AuEq Resource g
Slide 19: Summary: Focus on ramping up Mineral Hill
Summary: Focus on ramping up Mineral Hill Leveraging the existing gold-copper asset base while advancing future growth opportunities Experienced Management Team: Focused on maximising returns from Mineral Hill with strong balance sheet flexibility. Strategically Located: Mineral Hill positioned cent
Slide 20: Appendix
Appendix www.kingstonresources.com.au I ASX: KSN Corporate Presentation | July 2025 20
Slide 21: 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 22: Building a safe and sustainable culture
Building a safe and sustainable culture 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 Corporate Presentation | July 2025 22
Slide 23: Mineral Hill – Social License
Mineral Hill – Social License Environmental and Social Licence to operate Permits in place for mining and processing Cash backed environmental bonds Tailings capacity in place and expansion plans scheduled Biodiversity offset established www.kingstonresources.com.au I ASX: KSN Corporate Presentation
Slide 24: Competent Person Statement
Competent Person Statement • 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
Slide 25: 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 26: Mineral Hill – Resources & Reserves
Mineral Hill – Resources & Reserves Attractive commodity base with significant growth potential Total Probable Ore Reserves Measured Resource Inventory Au Ag Cu Pb Zn Au Ag Cu Pb Zn Au Ag Cu Pb Zn Au Ag Cu Pb Zn Deposit Kt (g/t) (g/t) % % % (Koz) (Koz) (Kt) (Kt) (Kt) Deposit Kt (g/t) (g/t) % % % (Ko