Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Shareholder Meeting (November 2024)
28 slides from Kingston Resources's shareholder meeting presentation, Nov 28, 2024
Slide 1: AGM Presentation
For personal use only AGM Presentation Gold and Copper Producer 28 November 2024 Presented by: Andrew Corbett 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: Building a strong mining company
Kingston Resources: Building a strong mining company Two core mining assets – positioned for growth For personal use only Mineral Hill Mine (100%) NSW Misima Gold Project (100%) PNG • Full approved and operating mine • Historical production: 3.7Moz Au and 22Moz Ag • Producing gold, silver and copper
Slide 5: Building mining skills and capability
Building mining skills and capability Focused on 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.a
Slide 6: Key achievements
Key achievements Building the team with the skills to deliver shareholders value For personal use only • Self managing – in-house planning and execution to meet delivery at all stages of the mining cycle • Self performing – owner-operator focused, with local employment and a problem-solving attitude
Slide 7: Mineral Hill Gold and Copper Mine
Pearse North November 2024 For personal use only Mineral Hill Gold and Copper Mine www.kingstonresources.com.au I ASX: KSN Corporate Presentation | Nov 2024 7
Slide 8: 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 • Extended Mine Life: Life of mine now six years, extended to +2030. • Increased Ore Reserves: Increased open pit Ore Reserves, plus maiden underground Ore Reserves. •
Slide 9: Open pit mining – Pearse North
Open pit mining – Pearse North Pearse North mining commenced in late June 2024 – now running at +3Mtpa For personal use only 60-70k tonnes trucked per week = 3Mtpa material movement rate 80000 70000 Tonnes (ore and waste) 60000 50000 40000 30000 20000 10000 0 8 July 9 Sep 23 Sep 30 Sep 28 Oct 7 Oct
Slide 10: 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 11: Increase scale at Mineral Hill
Increase scale at Mineral Hill Strategy on expanding Mineral Resources within the mine For personal use only GD140 EOZ high target grade Au Parkers Hill Plan: MRE update target • Underground drilling and extensions • Update Mineral Resource estimates Red Terror target • Add to the mining inventory (
Slide 12: Add projects within trucking distance to Mineral Hill
Add projects within trucking distance to Mineral Hill Mineral Hill is the only processing facility in the southern Cobar Basin For personal use only Grow resources to expand grinding and flotation 700 Approved 380 for 700ktpa Current Expansion Potential Resource growth strategy Mineral Hill Regional
Slide 13: Adding inventory with near mine exploration
on EL8334 Adding inventory with near mine 4 EL1999 5 exploration For personal use only Near mine advanced targets • Underground drilling to commence in Q1 2025. • Resource growth opportunities within the ML. • Focus on extending the mine life. • Grow high margin feed stock adjacent to the plant. 2.5
Slide 14: Exploration potential at depth and regionally
Exploration potential at depth and regionally Mineral Hill remains open at depth and along the regional trends For personal use only Extension potential at depth and regionally: • Depth of drilling at Mineral Hill less than 500m depth • Key mineral deposits in Cobar extend to ~1.8km • Numerous regio
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 • Cash flow from Mineral Hill and potential Misima transaction A
Slide 16: Misima Gold Project
For personal use only Misima Misima Gold Mine – circa 1995 Gold Project Corporate Presentation | Nov 2024 16
Slide 17: 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 Item Unit Base Spot • Large, low-cost, 20-year gold project averaging 128koz gold per annum Gold Price USD/oz US$1,800/oz US$2,700/oz • Base case NPV of A$956m1 at a gold price Excha
Slide 18: 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 19: 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 $1,500.00 1 2004 1988 Misi
Slide 20: Summary: Focus on executing our clearly defined strategy
Summary: Focus on executing our clearly defined strategy Leveraging the existing gold-copper asset base while advancing future growth opportunities For personal use only Experienced Management Team: Focus on maximising returns from Mineral Hill and Misima Prime Cobar Location: Mineral Hill in the Co
Slide 21: Appendix
For personal use only Appendix www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 21
Slide 22: Highly experienced and well-regarded Executive Team
Highly experienced and well-regarded Executive Team Significant experience across the development life cycle through to production For personal use only Mick Wilkes Andrew Corbett Tony Wehby Stuart Rechner Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Mick is
Slide 23: Corporate snapshot
Corporate snapshot 1-Year Share Price Performance Market Volume('000) RHS Close Price (A$) (LHS) Shares on issue 707m For personal use only 0.12 9000 0.11 8000 Warrants & options2,3 98.7m 0.1 0.09 7000 0.08 6000 Share price $0.092 0.07 5000 0.06 0.05 4000 Market cap $67m 0.04 3000 0.03 2000 Cash @ 3
Slide 24: 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 25: 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 26: 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 27: 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 28: 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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