Kingsrose Mining Ltd · ASX:KRM
Kingsrose Mining — Investor Presentation (March 2024)
30 slides from Kingsrose Mining's investor presentation, Mar 4, 2024
Slide 1: Corporate Presentation March 2024
For personal use only Corporate Presentation March 2024
Slide 2: 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 3: Discovery as a Force for Good
Discovery as a Force for Good “Deliver value and lasting improvement through responsible critical minerals discovery and development.” Kingsrose Vision Statement For personal use only Team with a track-record of discovery & value creation Board & management played key roles in discovery and developm
Slide 4: Global Depth of Experience
Global Depth of Experience Board and Management have played key roles in the discovery and development of numerous significant projects globally Amulsar For personal use only Sakatti 5 Moz Au, 28 Moz Ag Windfall Lake Project where team Ni-Cu-PGE 6.1 Moz Au members have played an integral role Countr
Slide 5: Board of Directors
Board of Directors Experienced team with ability to deliver value for shareholders and stakeholders For personal use only 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 D
Slide 6: Management
Management Experienced team with ability to deliver value for shareholders and stakeholders Richard Hornsey For personal use only Graham Farrer Andrew Tunningley Mark Smith Peter Dodds Aina Borch Head of Sustainability Head of Exploration CFO Exploration Manager - MD – Kingsrose Finnmark, Technical
Slide 7: Corporate Snapshot
Corporate Snapshot ▪ Over past 3 years Kingsrose has delivered a new team and Shares on Issue 752,526,519 Share Price¹ A$0.035 discovery focused strategy Options 34,750,000 (4.6%) Market Cap1 A$26.3m For personal use only ▪ Cash at hand represents A$0.036/share, KRM enterprise Cash² A$27.25m Perform
Slide 8: Metals are Critical to a Clean Energy Transition
Metals are Critical to a Clean Energy Transition To meet Paris Agreement goals, metals will replace fossil fuels as the raw materials central to a clean energy world Today Less than 30 years to transform global energy system 2050 Metal Required to Produce One Generation of Technology Units to Phase
Slide 9: Critical Minerals Supplied from Outside Europe
Critical Minerals Supplied from Outside Europe 92% of PGE supplied from Russia and Southern Africa Emission reduction in catalytic KRM converters and critical in For personal use only Projects production of green hydrogen 24% Domestic Supply Global refining dominated by China Less stringent 4.2 envi
Slide 10: Sustainability
Sustainability High standards of sustainability are integral to the strategy and potential of Kingsrose. Sustainability considerations are embedded in our organisation and at all stages of our project lifecycle. For personal use only Our sustainability aims are to be: ▪ recognised as a leading susta
Slide 11: Projects
Projects For personal use only Penikat PGE-Ni-Cu Råna Ni-Cu-Co One of the highest-grade PGE Advanced brownfields nickel exploration projects globally exploration with unrivalled infrastructure BHP Xplor M&A Belt scale opportunity in Norway $27m in cash to add value backed by the world’s largest mine
Slide 12: Premier Critical Metals Footprint in Fennoscandia
Finnmark Porsanger Ni-Cu-PGE Nussir PGE-Ni-Cu Premier Critical Metals Footprint in Fennoscandia Bidjovagge Råna Ni-Cu-Co Drill proven PGE & Ni-Cu-Co projects in Finland and Norway Ikkari Au Project Kittilä For personal use only Kiruna Iron Kevitsa ▪ Penikat, Finland PGE-Ni-Cu project is 100% owned b
Slide 13: Penikat PGE-Ni-Cu Project
Arctic Circle Penikat PGE-Ni-Cu Project Rovaniemi One of the highest-grade PGE exploration projects globally For personal use only High-grade PGE-Ni-Cu adjacent to major mining and port infrastructure ▪ Penikat is located proximal to major road, rail and power infrastructure ▪ 25 km from the Port of
Slide 14: Penikat Exploration Target – 2.8 to 7.7 Moz 6E
Penikat Exploration Target – 2.8 to 7.7 Moz 6E Potential for a globally significant discovery of palladium, platinum, rhodium and gold with nickel and copper credits: For personal use only ▪ Mineralisation is analogous to the Bushveld Complex in South Africa 1.4m @ 20.1 g/t 4E from 7.9m ▪ At Bushvel
Slide 15: One of the Highest-Grade PGE Exploration Projects
One of the Highest-Grade PGE Exploration Projects Independent Exploration Target estimated at 21 to 32 million tonnes at 4.0 to 7.4 g/t 6E, for 2.8 to 7.7 million ounces 6E Grade-Tonnage Plot of Global PGE Deposits For personal use only Stillwater = 212Mt at 13 g/t TPM 7.7 MOz 6E Penikat Exploration
Slide 16: Råna Ni-Cu-Co Project, Norway
Harstad Airport Råna Ni-Cu-Co Project, Norway Arnes Port of Narvik rockchips up to Rånbogen Prospect Brownfield Ni-Cu-Co Site 0.8% Ni, 0.1 % 9.3 m at 1.0 % Ni, 0.3 % Cu, Co 0.1 % Co from 176.5m, 23RAN002 211 km2 contiguous exploration licences For personal use only ▪ EMX option agreement: 100% Kings
Slide 17: Råna Infrastructure
Råna Infrastructure For personal use only ▪ Helicopter supported drilling, MT and EM ▪ Port of Narvik is a deep-water port ▪ Easy access to the old mine site from the main geophysical surveys road ▪ Ships 18-20 Mtpa of iron ore from Swedish mines ▪ Potential for almost year-round exploration ▪ Kings
Slide 18: New discoveries at Rånbogen
New discoveries at Rånbogen Discovering New Zones of Massive Sulphide For personal use only 23RAN002 intercepted two zones of mineralisation coincident with EM and MT conductive anomalies: ▪ 26.2 metres at 0.7% Ni, 0.2% Cu and 0.06% Co from 169.0 metres, including ▪ 9.3 metres at 1.0% Ni, 0.3% Cu an
Slide 19: Rånbogen Priority Targets
Rånbogen Priority Targets Proven targeting approach of MT and follow up EM geophysics with mapping and lithogeochemical interpretation Multiple targets yet to be drill tested, and large parts of the intrusion remain open and will be explored in 2024 using EM, mapping and scout drilling. For personal
Slide 20: BHP Xplor accelerator program utilised to generate belt scale opportunities
BHP Xplor accelerator program utilised to generate belt scale opportunities BHP Xplor Supported Generative Programs For personal use only Finnmark Project, Norway: Ni-Cu-PGE ▪ 291 exploration licences (2736 square kilometres and 210 kilometres strike) ▪ 81 targets generated ▪ Ground truthing discove
Slide 21: M&A Key to Strategy
M&A Key to Strategy For personal use only Kingsrose will continue to build a portfolio of the highest quality exploration assets with development potential Key metrics for any potential acquisition: Well funded & quality team means: ▪ Focused & thorough due diligence ▪ Objective and patient ▪ Seen a
Slide 22: Get in touch
For personal use only Get in touch E: info@kingsrose.com T: +61 8 9381 5588 Suite 5 CPC, 145 Stirling Highway, Nedlands, WA 6009, Australia ABN: 49 112 389 910 www.kingsrose.com 22
Slide 23: Appendices
For personal use only Strategic Social Performance Strategic Social Performance Appendices
Slide 24: Premier Mining Jurisdictions in Norway and Finland
Premier Mining Jurisdictions in Norway and Finland ▪ Large-scale deposits are in production and major mining companies active in region For personal use only ▪ Including Boliden, Lundin Mining, Agnico Eagle, First Quantum, Anglo American, Rio Tinto, B2Gold, Kinross ▪ Modern and transparent mining la
Slide 25: Finnmark Project – Porsanger PGE-Ni-Cu
Finnmark Project – Porsanger PGE-Ni-Cu ▪ Historical drilling intercepts open to depth ▪ Large, highly conductive electromagnetic anomaly identified at Karenhaugen, undrilled ▪ Area never explored for feeder-conduit style massive sulphide Ni-Cu mineralisation For personal use only ▪ Widespread copper
Slide 26: Element-46 Transaction Terms
Element-46 Transaction Terms Yli Penikka VA2021:0069 Kingsrose has acquired Element-46 Limited and its 100% mineral exploration rights pursuant to a share sale and purchase agreement, for the following consideration: For personal use only ▪ upfront consideration (completed): £293,750 (or A$536,893)
Slide 27: Progress and Milestones
Progress and Milestones Penikat Permitting Roadmap • In September 2023, Kingsrose submitted the Natura 2000 report for Area 1, which was follow-up with a positive meeting with the environmental regulatory body (ELY). For personal use only • The report for remaining Areas 2-5 will be submitted end Q1
Slide 28: Råna Transaction Implementation Agreement
Råna Transaction Implementation Agreement Completion Milestone Consideration The Transaction Implementation Agreement provides for the establishment of a new Norwegian joint First The incorporation of the JV Company with an issued 10,000 JV Company shares will be issued and venture company (JV Compa
Slide 29: References (Penikat grade-tonnage plot)
References (Penikat grade-tonnage plot) 1. https://www.nornickel.com/upload/iblock/b29/godovoj_otchet_pao_gmk_norilskij_nikel_za_2021_god_en.pdf 27. https://reports.sibanyestillwater.com/2021/download/SSW-RR21.pdf 2. https://www.angloamerican.com/~/media/Files/A/Anglo-American-Group/PLC/investors/an
Slide 30: Responsible Exploration
For personal use only Responsible Exploration Focused On Discovery
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