Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (November 2018)
32 slides from Kingston Resources's investor presentation, Nov 13, 2018
Slide 1: Advancing the 2.8Moz Misima Gold Project
Advancing the 2.8Moz Misima Gold Project ACN 009 148 529 November 2018 T: +61 2 8021 7492 For personal use only www.kingstonresources.com.au Misima Mine, mid 1990’s
Slide 2: Overview
Overview Focused gold company with two advanced For personal use only exploration projects • Misima Gold Project (70%) 2.8Moz1 JORC Resource, historical, highly profitable large scale open pit in the Louisiade Archipelago, PNG • Livingstone Gold Project (75%) highly prospective location within the B
Slide 3: Corporate Snapshot
Corporate Snapshot Capital Structure Board and Management For personal use only Shares on issue 1,223,198,383 shares Chairman Anthony Wehby FCA, MAICD Market capitalisation (@ A$0.024) A$29.2m Managing Director Andrew Corbett BE (Hons) MBA Cash on hand (as at 30 Sept, 2018) A$5.0m Executive Director
Slide 4: Project Overview: Misima Gold Project (70%)
Project Overview: Misima Gold Project (70%) For personal use only • Existing 2.8Moz resource, – 82.3Mt @ 1.1 g/t Au & 5.3 g/t Ag • Current resource remains open along strike and down dip • Significant untapped exploration potential outside of the resource • Long mining history from 1888 – multi mill
Slide 5: Misima: Production Advantage
Misima : Production Advantage Papua New Guinea: Misima: Approvals: For personal use only Proven geological domain Island location, Melanesian culture Transparent, stable mining regulations and approvals process Large scale Au + Cu projects Supportive local landowners Proven approved as a
Slide 6: Misima landowners support drives success
Misima landowners support drives success • Misima has a long mining history – 130 years of successful For personal use only and profitable gold mining on Misima. Active artisanal mining environment today • Highly trained and educated resident workforce, with over +100 FIFO Misima residents today • K
Slide 7: Misima: Past success
Misima: Past success For personal use only • Placer produced 3.7Moz Au and 22Moz Ag • Decision to close in 1999 due to low gold price • LOM cash cost U$218/oz • Open pit mined from 1989 to 2001 • LOM recoveries, gold 91.7% and silver 48% • Low cost milling driven by “soft” free milling ore 1 • Proce
Slide 8: Misima: Multiple exploration targets
Misima: Multiple exploration targets Umuna Extensions: 2.8Moz Au For personal use only resource open along strike and down dip – potential for shear-hosted and skarn mineralisation Misima North: >4km untested strike open to the north, supported by historic u/g mining, geochemistry, and KSN structura
Slide 9: Misima: Regional exploration targets
Misima: Regional exploration targets Kingston has already identified multiple surface targets outside of the current resource For personal use only Ginamwamwa • Misima field work commenced December 2017 delivering immediate success with discovery of a new prospect at Ginamwamwa located adjacent to f
Slide 10: Misima: Regional exploration targets
Misima: Regional exploration targets Kingston has already identified multiple surface targets outside of the current resource For personal use only Misima North - Ara Creek • Untested 4km strike potential north of old pit • Initial mapping and fieldwork underway • Geochemical sampling program ongoin
Slide 11: Misima current drilling
Misima current drilling An extensive exploration drilling campaign is underway, the For personal use only first undertaken at the project in almost 20 years. Initial targets for current drill program: • Umuna Shear: testing down-dip beneath historic drilling at North Kulumalia and Central Umuna zone
Slide 12: Misima current drilling
Misima current drilling For personal use only GDD013 intersection: • 6m @ 1.44 g/t Au and 1.98 g/t Ag, from 55m • 5m @ 0.95 g/t Au and 2.22 g/t Ag, from 138m • 40m @ 3.17 g/t Au and 10.88 g/t Ag, from 234m – including 6m @ 14.06 g/t and 13.33 Ag, from 268m 270-272m 10.6g/t Au + 9.4 g/t Ag 272-274m 2
Slide 13: Misima: Resource upside potential at Umuna
Misima: Resource upside potential at Umuna • Phase I drilling targets resource extension at depth where resource is currently drill constrained For personal use only • Resource limited by shallow depth of drilling over much of Umuna’s strike length • Average historic hole depth ~119m with only 9% of
Slide 14: Misima: Active work program advancing
Misima: Active work program advancing Phase I For personal use only Established extensional drilling exploration team Underway Complete Commence field Commence feasibility work Umuna North work Underway Commence geochemical Phase II extensional Environmental field work and infill drilling studies be
Slide 15: Livingstone Gold Project (75%)
Livingstone Gold Project (75%) • Located 140km NW of Meekatharra in Western For personal use only Australia over 220km2 • Historic WMC soil anomaly at Livingstone’s Find hosts numerous old workings • Livingstone North historical underground mined ~1,260oz at avg 21.65 g/t Au (1939) Homestead Prospec
Slide 16: Livingstone Kingsley discovery
Livingstone Kingsley discovery Kingsley prospect has now defined mineralisation over 1km1 • 4m @ 76.25 g/t Au from 88m For personal use only • 4m @ 3.49 g/t Au from 4m & 24m @ 1.06g/t Au from 24m • 28m @ 2.26 g/t Au from surface, – including 8m @ 5.57 g/t from surface • 16m @ 1.95 g/t Au from 56m, –
Slide 17: Livingstone Gold Project
Livingstone Gold Project Latest drilling highlights strike length and grade at Kingsley prospect. For personal use only 17
Slide 18: Peer comparison
140 160 180 0 20 100 120 40 60 80 200 For personal use only Azumah Resources Nusantara Kingston Resources Anova Metals Sihayo Gold OreCorp Geopacific Resources Capricorn Metals Excelsior Gold Limited Cardinal Resources Kin Mining Prodigy Gold De Grey Mining Peer comparison Echo Resources Eastern Gol
Slide 19: In summary
In summary • A 2.8Moz Au resource that is growing in scale and grade through exploration For personal use only • Highly credible global JV partners in Nippon Metals and Mitsui • Aiming to re-establish Misima as a large scale and low cost open pit gold mine • Livingstone Gold Project in WA also has c
Slide 20: Contact
Contact Andrew Corbett – Managing Director For personal use only Chris Drew – Chief Financial Officer P: +61 2 8021 7492 E: info@kingstonresources.com.au Kingston Resources Limited 205/283 Alfred St, North Sydney NSW 2060, Australia www.kingstonresources.com.au Research Coverage Bridge Street Capita
Slide 21: Appendices
Appendices For personal use only • Misima Resource • Placer Operating Data • Exploration: – Umuna Extensions – Misima North – Umuna East Side – Quartz Mountain • Merger with WCB Resources • Board and Management 21
Slide 22: Misima Resource
Misima Resource November 2017, JORC2012 Resource of 82.3Mt at 1.1 g/t for 2.8Moz 1 For personal use only Deposit Material Resource Cutoff Tonnes Gold Silver Au Moz Ag Moz Category (g/t Au) (Mt) (g/t Au) (g/t Ag) Umuna Sub-total Indicated 0.5 37.2 1.1 4.9 1.3 5.8 Inferred 0.5 38.4 1.0 6.1 1.3 7.5 T
Slide 23: Misima: Placer key operating parameters
Misima: Placer key operating parameters For personal use only Misima statistics from Placer Pacific Annual Reports 1989 – 2004 1 Reserve grade at end of 1990 1.26 g/t Au Grade milled between 1991 and 2004 inclusive 1.53 g/t Au Grade reconciliation between Reserves and Milled 121% Reserves at end of
Slide 24: Exploration: Umuna Extensions
Exploration: Umuna Extensions Placer’s focus on mining the Umuna reserve has left multiple extensional prospects untested For personal use only With the prevailing low gold price, Placer had little incentive to pursue exploration opportunities outside the reserve Historic drilling outside the
Slide 25: Exploration: Misima North
Exploration: Misima North Recent structural work has elevated exploration potential at Misima North, suggesting previous drilling has not properly For personal use only tested the shear position Known anomalism and mineralisation at Misima North East is indicative of supergene leakage from the s
Slide 26: Exploration: Umuna East Side
Exploration: Umuna East Side Mineralised structures splaying southeast off the Umuna Shear, highlighted by structural mapping, For personal use only geochemistry and artisanal mining Strike lengths >1km with potential for significant extensions Channel sampling by Placer & WCB includes: Kuluma
Slide 27: Exploration: Umuna East Side continued
Exploration: Umuna East Side continued For personal use only Artisanal mining Ginesia splay, August 2017 Artisanal mining Grants splay, 2015 estimated 50-60 m vertical height 27
Slide 28: Exploration: Quartz Mountain
Exploration: Quartz Mountain For personal use only Quartz Mountain hosts a small resource, but drilling has been limited Historic drilling at Quartz Mountain include: 10m @ 3.06g/t Au from 108m to end of hole in ERC693 12m @ 4.13g/t Au from 116m in EMD701 14m @ 2.28g/t Au from 76m in ERC22
Slide 29: Merger with WCB Resources
Merger with WCB Resources Kingston Resources merged with WCB Resources under a successful Canadian Plan of Arrangement on 17 November 2017 For personal use only WCB was subsequently delisted from the TSX KSN then assumed management of the Misima Gold Project located in Papua New Guinea Upon
Slide 30: Livingstone Gold Project – Geological setting
Livingstone Gold Project – Geological setting For personal use only Schematic geology of the Padbury and Bryah Basins (after Pirajno et al, 2000) 30
Slide 31: Board and Management
Board and Management Anthony Wehby – Chairman Anthony was a founding director and former Chairman of Aurelia Metals Ltd, an ASX listing mining company, in his role oversaw the progression of the company from exploration through to production. Prior roles include Chairman of Tellus Resources and a di
Slide 32: Disclaimer
Disclaimer Forward Looking Statements Certain statements contained in this presentation, including information as to the future financial or operating performance of Kingston Resources Limited (“KSN”) and its projects, are forward looking statements. Such forward looking statements: For personal use
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