Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (September 2024)
29 slides from Kingston Resources's investor presentation, Sep 30, 2024
Slide 1: Mineral Hill Life of Mine Update
For personal use only MINERAL HILL LIFE OF MINE UPDATE GOLD AND COPPER PRODUCER SEPTEMBER 2024 www.kingstonresources.com.au I 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 Exploration by Other Explorers For personal use only 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 Extended Mine Life to 2030+: Maiden underground Ore Reserve extends life of mine beyond six years, boosting payable metal1,2. Mineral Hill Processing Plant: Operating at Full Capacity, weekly gold/silver dore sales. With copper producti
Slide 5: Corporate snapshot
Corporate snapshot 1-Year Share Price Performance Shares on issue 707m Market Volume('000) RHS Close Price (A$) (LHS) For personal use only 0.1 10000 Warrants & options2,3 98.7m 0.09 0.08 8000 0.07 Share price @ 29 September 2024 $0.086 0.06 6000 0.05 Market cap @ 29 September 2024 $61m 0.04 4000 0.
Slide 6: Mineral Hill Extended Life of Mine Plan
For personal use only Mineral Hill Extended Life of Mine Plan www.kingstonresources.com.au I ASX: KSN Mineral Hill: Life of Mine Update | Sep 2024 6
Slide 7: Kingston extends Mineral Hill Mine life out to 2030
Kingston extends Mineral Hill Mine life out to 2030 Six-year mine life extension with updated Ore Reserves 1,2 For personal use only Pearse North open pit mining operations • Extended Mine Life: Life of mine now six years, extended to +2030. • Increased Ore Reserves: Increase open pit Reserves, plus
Slide 8: Updated Open Pit Ore Reserve – higher gold price
Updated Open Pit Ore Reserve – higher gold price Pearse North changes have added 39% more gold1 For personal use only • Updated Open Pit Ore Reserve based on: • Revised Mineral Resource estimate for Pearse North. • Gold price increased from A$2,571/oz to A$2,859/oz. • Pearse North metallurgy based o
Slide 9: Maiden Underground Ore Reserve
Maiden Underground Ore Reserve Significantly improved metallurgy resulting in For personal use only more payable metal • Copper and gold recovery increased to 88% and 81% respectively2. • LOM AuEq payable ounces increased from 123koz to 200koz. • Existing underground development and flotation plant
Slide 10: Production Target extending Mineral Hill to 2030
Production Target extending Mineral Hill to 2030 Underground mining scheduled out to 2030, six years. 1 Payable Metal (koz AuEq) For personal use only • Six-year life of mine with highly versatile processing 45 40 40 36 36 36 plant. 35 • Total open pit and underground Ore Reserves 30 25 24 24 increa
Slide 11: Kingston group level growth strategy
Kingston group level growth strategy Three focal points – grow cash, increase scale, realise value from Misima For personal use only 1. Grow Cash • Maximise throughput and margins. • Open pit mining and processing is generating cash flow. • Capitalise on upside opportunities. • Underground drilling
Slide 12: Grow cash with open pit mining
Grow cash with open pit mining Plant now operating at 400ktpa throughput rate1 For personal use only Mining Oxides: Consistent Upside on Gold Cash Flow: Mining open pit Performance: Recovery: Steady income oxides for dore Crushing / Gold recovery from weekly production. grinding now exceeding gold a
Slide 13: Increase scale at Mineral Hill
Increase scale at Mineral Hill Strategy on expanding Mineral Resources within the mine For personal use only EOZ high GD140 Parkers Hill grade Au target MRE update and • Mineralisation over target extensions 2.5km. • Multiple ore bodies. • Existing development Red Terror target in place. Jacks Hut S
Slide 14: Adding inventory with near mine exploration
Adding inventory with near mine exploration Near mine advanced targets For personal use only on EL8334 4 Near Mine Targets EL1999 5 • Four priority targets within the ML. • Focus on resource expansion and extending the mine life. • Grow high margin feed stock adjacent to the plant. 2.5km 1 SOZ infil
Slide 15: Grow the operating scale with regional exploration
Grow the operating scale with regional exploration Highly prospective drill targets and geochemical signatures For personal use only Shift to creating value with exploration • Capital spend on mining and processing now largely complete. High priority • Cash flow from Mineral Hill and targets potenti
Slide 16: Add projects within trucking distance to Mineral Hill
Add projects within trucking distance to Mineral Hill Justify expansion of grinding and flotation from 380ktpa to 700ktpa For personal use only Mineral Hill Processing Capacity 700 ktpa 380 ktpa Today The Future Float capacity CIL capacity Mineral Hill is the only facility in the southern Cobar Basi
Slide 17: Misima Gold Project
For personal use only Misima Gold Project Mineral Hill: Life of Mine Update | Sep 2024 17
Slide 18: Misima – high value growth asset
Misima – high value growth asset Large scale, long-life, low-cost open pit gold and silver mine For personal use only • Large, low-cost, 20-year gold project averaging Definitive Feasibility Study1 128koz gold per annum. • NPV of A$956m1 at a gold price US$1,800/oz Resource Resource • Gold price sce
Slide 19: Exploration Upside Potential and Site Layout
Exploration Upside Potential and Site Layout Excellent infrastructure and proven accessibility For personal use only Abundant Exploration Targets N • Potential for additional high-grade inventory by targeting the Umuna corridor. • Extension potential at depth and along strike. • New discovery potent
Slide 20: Misima Project history
Misima Project history 5 High leverage to the gold price 4 KSN initiates For personal use only sale/JV Gold Price 3 2022 process 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 $1,500.00 1 1988 Commencem
Slide 21: 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 Prime Cobar Location: Mineral Hill in the he
Slide 22: Appendix
For personal use only Appendix www.kingstonresources.com.au I ASX: KSN Mineral Hill: Life of Mine Update | Sep 2024 22
Slide 23: 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 24: Building a safe and sustainable culture
Building a safe and sustainable culture For personal use only 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 Mineral Hill: Life of Mine
Slide 25: Mineral Hill – Social License
Mineral Hill – Social License Environmental and Social Licence to operate For personal use only 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
Slide 26: Competent Person Statement
Competent Person Statement Competent Person’sStatement - Mineral Resource Reported in Accordance with 2012 JORC Code – Mineral Hill Competent Person’sStatement - Mineral Resource Reported in Accordance with 2012 JORC Code – Misima The information in this report that relates to the reporting of the M
Slide 27: Mineral Hill – Resources & Reserves
Mineral Hill – Resources & Reserves Attractive commodity base with significant growth potential For personal use only 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
Slide 28: 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 29: 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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