Kingsrose Mining Ltd · ASX:KRM
Kingsrose Mining — Investor Presentation (May 2012)
23 slides from Kingsrose Mining's investor presentation, May 3, 2012
Slide 1: Exceptional grades, exceptional costs, exceptional growth
For personal use only Exceptional grades, exceptional costs, exceptional growth Corporate Presentation May 2012
Slide 2: Kingsrose – Strategic Focus
Kingsrose – Strategic Focus For personal use only • Specialist Miner • Focus on, non-mechanized, narrow vein mining • Geological Focus • “Rim of Fire” • Bonanza Grade, Low Sulphidation Epithermals • Key Project • Way Linggo (85%) in Sumatra, Indonesia
Slide 3: Kingsrose … The Approach
Kingsrose … The Approach For personal use only • Developing Country – A need to be socially responsible • Respect for local customs, cultures and beliefs • Local workforce – 4 expats only • Focus on regional economic output and employment multipliers • Sustainable outputs from training, education an
Slide 4: Kingsrose … Rewarding our Shareholders
Kingsrose … Rewarding our Shareholders For personal use only • Capital Appreciation. • Over 500% share price increase in 3 years • Organic Growth – self funding a $14m Good Liquidity exploration budget this year from cash flow • Dividends • Announced intent to pay an interim dividend in 2012 4
Slide 5: Kingsrose … Geological Setting - Way Linggo Project
Kingsrose … Geological Setting - Way Linggo Project For personal use only 5
Slide 6: Way Linggo on the “Rim of Fire”
Kingsrose … Way Linggo on the “Rim of Fire” For personal use only • Located in the Rim of Fire and on the Trans Sumatra Fault Zone • World’s second-most significant source of gold deposits – Tertiary Age 6
Slide 7: Way Linggo Mine – operations
Way Linggo Mine – operations For personal use only 7
Slide 8: Way Linggo – Total Mineral Resource Estimate (JORC)
Way Linggo – Total Mineral Resource Estimate (JORC) For personal use only Classification Tonnes Au g/t Ag g/t Au oz Ag oz Measured Way Linggo 467,400 12.44 166.8 186,940 2,506,500 Indicated Way Linggo 182,800 6.09 84.5 35,790 496,600 Inferred Way Linggo 60,200 3.77 38.1 7,300 73,700 Subtotal Way Lin
Slide 9: Way Linggo – The scorecard
Way Linggo – The scorecard For personal use only 2011 Act Calendar year 2012 financial year forecast Mill Tonnes t 106,410 • 37,000 ounces of gold Gold grade g/t 12.9 Silver grade g/t 166 Next financial year forecast Gold Produced oz 40,497 • 40,000-50,000 ounces of gold Silver Produced oz 479,362 C
Slide 10: Way Linggo Mine
Way Linggo Mine For personal use only • Orebody drilled just 350m along strike and 200m vertically • Epithermal veins continuous in all directions • Possible extensions to extend ore system 250m 150m 1m @ 2.1 g/t Au, 3,390 g/t Ag 2.25m @ 0.7 g/t Au, 546 g/t Ag 10
Slide 11: Talang Santo – Major Cluster of Epithermal Veining
Talang Santo – Major Cluster of Epithermal Veining For personal use only • The first priority target to be extensively drill tested • Located just 7km north of Way Linggo with a haul road in place • Resource Estimate (Inferred) 879,000t @ 5.9 g/t Au & 14.6g/t Ag 166,400oz Gold & 413,000oz Silver • D
Slide 12: Talang Santo – Ore system expanding
Talang Santo – Ore system expanding For personal use only Latest drill results - mineralisation is open to the west, east & at depth 350m 600m 12
Slide 13: Talang Santo – Ore system expanding
Talang Santo – Ore system expanding For personal use only Comparison to Way Linggo 250m 150m 350m 600m 13
Slide 14: Talang Santo – The Second Mine
Talang Santo – The Second Mine For personal use only • Development starts - just 9 months after the first significant drill result • Trial mining has commenced – ore production expected to supplement Way Linggo ore feed late in June quarter 2012 (12 months from discovery) • Low Capital Cost as Infra
Slide 15: Way Linggo Process Plant
Way Linggo Process Plant For personal use only • Free milling ore (non-refractory) • 140,000tpa conventional plant • Crushing > milling > leach >merrill-crowe > smelting > gold & silver dore • Gold and silver refined at refinery in Java, Indonesia • SAG mill installed mid-2011 to de-bottleneck mater
Slide 16: Organic Growth – Exploration and Mine Development
Organic Growth – Exploration and Mine Development For personal use only Objective – to self-fund exploration & project development from cashflow 1. Mining Way Linggo 2. Developing Talang Santo 3. Exploring for 3rd mining front • Exploration Strategy & Budget – US$14m for 2011-12 year, 12 drill rigs
Slide 17: Immense exploration upside
Immense exploration upside For personal use only • 100sqkm 4th Generation • 12 rigs in action • 6 field teams Contract of Work • $14M budget • 17 defined epithermal zones/ over the next 12 targets months • Epithermal veins exist Top 3 priorities and/or outcrop Talang cluster • Strong gold and Way Li
Slide 18: Exceptional growth – Aggressive drilling program
Exceptional growth – Aggressive drilling program For personal use only • Drill testing of priority Targets: • Extensions to the Way Linggo and Talang Santo mines • Way Sapta – a structural look-alike to Way Linggo – good outcropping veins. • Semung Kecil – high grade epithermal floats • Rowo Rejo –
Slide 19: Corporate Summary
Corporate Summary For personal use only Board Members Corporate Structure Market ASX John Morris Chairman Share Code KRM Chris Start Managing Director Listed Option Code KRMO Tim Spencer Finance Director Share Price $1.18 Bill Phillips Director 52 week high/low $1.05 - $1.88 Peter Cook Director Shar
Slide 20: Kingsrose – Achieving and Performing
Kingsrose – Achieving and Performing For personal use only • Our Achievements – In the past 3 years: • Acquired, permitted, designed, developed and delivered production from the Way Linggo mine • Emerged as one of the lowest cost gold miners in the world. • Developed the project with a socially resp
Slide 21: Why Invest in Kingsrose?
Why Invest in Kingsrose? Exceptional Grade For personal use only Specialist high-grade narrow vein miners – We chase profit not ounces. Exceptional Cost Sub US$300/oz after silver credits. Exceptional Growth Second mine at Talang Santo & exceptional prospectivity Rewarding our Shareholders Maiden Di
Slide 22: Disclaimer
Disclaimer For personal use only General Disclaimer • This presentation has been prepared by Kingsrose Mining Limited (“Kingsrose” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentati
Slide 23: Board of Directors – Highly Experienced & Successful
Board of Directors – Highly Experienced & Successful For personal use only Mr. Morris has over 36 years experience in exploration, project development and management of public listed resource companies. John Morris He has held prior directorships in a number of gold and base metals public companies