Kingsrose Mining Ltd · ASX:KRM
Kingsrose Mining — 121 Mining Conference 2021
28 slides from Kingsrose Mining's conference presentation, Nov 17, 2021
Slide 1: 121 Mining Conference Presentation
ASX Announcement 17 November 2021 121 Mining Conference Presentation Kingsrose Mining Limited (ASX: KRM) (“Kingsrose” or the “Company”) is pleased to release a copy of its Corporate Presentation that Managing Director, Fabian Baker will be presenting at the 121 Mining Conference in London this week.
Slide 2: Corporate presentation
Copyright © 2021 Kingsrose Mining. All rights reserved. presentation 17 November 2021 Corporate
Slide 3: Disclaimer
Disclaimer The information contained in this Presentation has been prepared by Kingsrose Mining Limited (“Kingsrose” or the “Company”). The information contained in this Presentation has been prepared in summary form. Accordingly, neither the Company nor any of its shareholders, directors, officers,
Slide 4: Focused on discovery
Focused on discovery New exploration focused Way Linggo – high grade with commitment to: team with a track-record gold-silver project of discovery Produced more than 200koz gold – Technical excellence and Board members played key roles in Average Cash Costs in 2011 disciplined project delivery disco
Slide 5: Corporate Snapshot
Corporate Snapshot • Notable share price growth since announcements Shares on Issue 730,007,352 Share Price A$0.079 As at 16 November 2021 of new board, management and strategic direction Options 13,200,000 (1.8%) Market Cap A$57.7m • Cash at hand represents A$0.042/share, Performance Rights 5,000,0
Slide 6: Strategy
Strategy Advance PGE-Ni-Cu Projects to M&A Drilling – Dedicated M&A team • Advanced exploration projects with established historical drilling and large-scale potential – Actively looking for precious • Penikat Project globally significant high-grades over 25 km of strike length metals and/or ‘energy
Slide 7: M&A Strategy
M&A Strategy Building a portfolio of the highest quality exploration assets with tier-1 potential Well funded & quality team Key metrics for means: any potential Focused & high quality due diligence acquisition: Objective and patient Seen as a good partner Nimble Commodity Development stage
Slide 8: Global Depth of Experience to Identify New Exploration Opportunities
Global Depth of Experience to Identify New Exploration Opportunities Board and Management have played key roles in the discovery and development of numerous significant projects globally Amulsar Sakatti 5 Moz Au, 28 Moz Ag Windfall Lake Project where team Ni-Cu-PGE 6.1 Moz Au members have played an
Slide 9: Acquisition of Element-46 Ltd
Acquisition of Element-46 Ltd Why Scandinavia? • Acquisition establishes a foothold in premier global mining jurisdictions of Finland and Norway, highly prospective for nickel, copper, PGE and gold • Multiple large-scale deposits are in production, recent influx of major mining companies exploring f
Slide 10: Green Energy Metals Essential for Global Decarbonisation
Green Energy Metals Essential for Global Decarbonisation • Platinum and Palladium’s catalytic • Nickel is a key component in batteries • Copper-intensive solutions required for properties are fundamental to a green • Nickel price supported by projected demand for electrification economy EVs. • Shift
Slide 11: Penikat, Finland – Large Scale PGE-Ni-Cu Deposit
Penikat, Finland – Large Scale PGE-Ni-Cu Deposit Penikat is a high-grade PGE-nickel-copper-gold deposit hosted within a layered intrusion. • Mineralisation is hosted in three outcropping parallel reefs with a cumulative strike length of 25 kilometres • 4,158 meters of historical drilling in 95 holes
Slide 12: Penikat Benchmarking
Penikat Benchmarking • Average drilled historical grades of each Penikat reef indicates they are high-grade compared to global deposits • Majority of recent discoveries and development projects are low-grade, open pit targets will be increasingly challenging to permit and finance with heightening ES
Slide 13: Porsanger, Norway – Underexplored Region
Porsanger, Norway – Underexplored Region PGE and copper bearing intrusions at Porsvann and Karenhaugen have potential to host massive sulphide polymetallic mineralisation • Same mineral belt as Boliden’s Kevitsa and Anglo American’s Sakatti Ni-Cu-PGE deposits in Finland, Norwegian part of the belt i
Slide 14: Transaction Terms
Transaction Terms Kingsrose has agreed to acquire Element-46 Limited and its 100% mineral exploration rights pursuant to a share sale and purchase agreement, for the following consideration: • upfront consideration: £293,750 (or A$536,893) cash and the issue of 16,419,167 shares of Kingsrose (“Share
Slide 15: Way Linggo – Project Overview
Way Linggo – Project Overview • Located on the prolifically mineralised Trans-Sumatran Fault Zone • Produced 200 koz gold and 1.5 Moz silver 2011-2020 • +1Moz gold mines to the north and south of the project • Current exploration targeting Gosowong*-type high-grade low sulphidation gold veins over a
Slide 16: Way Linggo – Production History – Grade is King
Way Linggo – Production History – Grade is King Cost vs Grade Way Linggo • Success story for the company: $4,500 18 discovery – development – production $4,000 16 • High margins at the start of the project, 179 g/t Ag due to very high gold & silver grades $3,500 155 14 g/t Ag • Gold processing infra
Slide 17: Way Linggo – Talang Santo Resource Growth
Way Linggo – Talang Santo Resource Growth 2021 Resource Update • 1.4 Mt at 5.4 g/t gold and 18 g/t silver for 240,000 koz gold and 790 koz silver (Indicated & Inferred at 2 g/t gold cut- off) • Includes higher grade portion of 0.68 Mt at 7.7 g/t gold and 26 g/t silver for 170 koz gold and 570 koz si
Slide 18: Way Linggo – Regional Exploration Ongoing
Way Linggo – Regional Exploration Ongoing • Multiple veins mapped at surface with shallow level epithermal textures, i.e. potential remains at depth – Talang Santo area, Maul Vein, Semung Kecil-Way Linggo • Late cover units may conceal mineralisation – Talang Tebat-Rowo Rego area represents an exten
Slide 19: Way Linggo – Recent Exploration Discoveries
Way Linggo – Recent Exploration Discoveries Trenching and mapping - Talang Santo Crustiform, colloform and cockade chalcedonic quartz-adularia - Maul Vein, Talang Santo West Crustiform and colloform chalcedonic and amethystine quartz – Silver Vein, Talang Santo South
Slide 20: Board of Directors
Board of Directors Experienced team with ability to deliver value for shareholders and stakeholders Mike Andrews Fabian Baker John Carlile Tim Coughlin Daryl Corp Andrew Cooke Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive
Slide 21: Management
Management Experienced team with ability to deliver value for shareholders and stakeholders Mark Smith Joanna Kiernan CFO Company Secretary 20+ years operational experience Ms Kiernan is a governance in mining industry globally professional with over 16 years’ experience in the administration Former
Slide 22: Appendices
Appendices
Slide 23: Mineral Resources
Mineral Resources Category Tonnes Gold Au Ounces Silver Ag Ounces (Kt) (Au) g/t (Koz) (Ag) g/t (Koz) Talang Santo1 Measured - - - - - Indicated 240 6.0 47 13 100 Inferred 1100 5.3 190 19 690 Subtotal 1400 5.4 240 18 790 Way Linggo2 Measured - - - - - Indicated 152 6.5 32 65 318 Inferred 84 4.6 12 36
Slide 24: Way Linggo Site Infrastructure
Way Linggo Site Infrastructure Gold Room Way Linggo Processing Plant Way Linggo Way Linggo Camp Processing Plant
Slide 25: Way Linggo Site Reclamation
Way Linggo Site Reclamation Site-Wide Reclamation to Highest Standards Talang Santo Pit Reclamation Way Linggo Waste Dumps Reclamation Plant Nursery
Slide 26: Way Linggo Divestment Requirement
Way Linggo Divestment Requirement Loans to subsidiaries Kingsrose Mining Limited Debt Free • The Way Linggo Project in South • Each divestment tranche is to be offered (Kingsrose) Sumatra, Indonesia is held under for sale at a fair market price to either (Australia) a 4th generation Contract of Work
Slide 27: References
References Penikat benchmarking 1. Sibanye-Stillwater 2021 investor day (https://thevault.exchange/?get_group_doc=245/1632367763-ssw-investor-days-session-2-PGM-market-outlook-23sep2021.pdf) 2. EU hydrogen policy 2021 (https://www.europarl.europa.eu/RegData/etudes/BRIE/2021/689332/EPRS_BRI(2021)6893
Slide 28: Contact
info@kingsrosemining.com +61 8 9381 5588 8/150 Hay Street Subiaco WA 6008 Australia ABN: 49 112 389 910 www.kingsrosemining.com