Kingsrose Mining Ltd · ASX:KRM
Kingsrose Mining — PDAC 2023 Conference
27 slides from Kingsrose Mining's conference presentation, Mar 6, 2023
Slide 1: PDAC Presentation
ASX Announcement 6 March 2023 PDAC Presentation Kingsrose Mining Limited (ASX: KRM) (“Kingsrose” or the “Company”) is pleased to provide a copy of the presentation that will be given by Managing Director, Fabian Baker at the PDAC 2023 Conference in Toronto today. For more information, please contact
Slide 2: Corporate Presentation March 2023
Copyright © 2021 Kingsrose Mining. All rights reserved. Presentation Corporate March 2023
Slide 3: 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 4: Discovery as a force for good
Discovery as a “Deliver value and lasting improvement through force for good responsible critical minerals discovery and development.” Kingsrose Vision Statement with commitment to: Team with a track-record Portfolio to support green of discovery & value energy transition and – Technical excellence
Slide 5: Corporate Snapshot
Corporate Snapshot • Over past 2 years Kingsrose has delivered a new Shares on Issue 752,526,519 Share Price¹ A$0.065 team and discovery focused strategy Options 33,750,000 (4.5%) Market Cap A$48.9m • Cash at hand represents A$0.049/share, KRM enterprise value currently at small premium to cash Perf
Slide 6: Major Mining M&A will focus on Critical Metals
Major Mining M&A will focus on Critical Metals 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 Ou
Slide 7: Critical Metals supply and demand
Critical Metals supplied from outside of Europe 92% of PGE supplied from Russia and Southern Africa Emission reduction in catalytic converters KRM and critical in production of green hydrogen Projects 24% Domestic Supply Global refining dominated by China 4.2 Mt Shipping to market Less stringent env
Slide 8: Establishing Critical Metals Footprint in Fennoscandia
Porsanger Nussir PGE-Cu-Ni Establishing Critical Metals Footprint in Fennoscandia Bidjovagge Region is highly prospective for European sources of PGE, Ni and Cu Råna Ni-Cu-Co Ikkari Au Project Drill proven PGE & Ni-Cu-Co projects in Finland and Norway Kittilä • Kiruna Iron Kevitsa Penikat and Porsan
Slide 9: Penikat Project, Finland
Kemi Chrome Mine viewed Windfarm viewed from the from the Penikat Project Penikat Project Penikat Project, Finland 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 Kemi • Exported
Slide 10: 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 • Mineralisation is analogous to the Bushveld Complex in South Africa, where mineralised reefs can be traced over multiple kilometres
Slide 11: One of the Highest Grade PGE Exploration Projects Globally
One of the Highest Grade PGE Exploration Projects Globally 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 Stillwater = 212Mt at 13 g/t TPM 7.7 MOz 6E Penikat Exploration Potential to
Slide 12: High Value Precious Metal Content
High Value Precious Metal Content Largely palladium dominant mineralisation with significant rhodium grades confirmed through drill hole resampling Highlight significant drilling intercepts include: • PV Reef: 1.6 metres at 12.0 g/t 4E: 4.0 g/t Pd, 6.8 g/t Pt, 0.2 g/t Rh, 1.0 g/t Au, 0.6 % Cu, 0.2 %
Slide 13: Råna Ni-Cu-Co Project, Norway
Råna Ni-Cu-Co Project, Norway Joint venture over a brownfield project with excellent exploration potential and accessibility • Tenure covers 208 km2, located 37 kilometres by main road from the ice-free, deep-water ‘Port of Narvi ’ in Nordland County, Norway. • Proven potential to host massive sulph
Slide 14: Råna Exploration Potential
Råna Exploration Potential Underexplored using modern understanding and geophysical methods • Proven to host massive sulphide mineralisation at multiple sites from surface, for example Rånbogen • Magento Telluric (MT) and Electromagnetic (EM) geophysics in April - July 2023 to identify conductive bo
Slide 15: Råna Priority Targets
Råna Priority Targets • Bruvann deposit included a small but high grade zone of 1 to 5% Ni in massive sulphide and ‘offset’ copper rich mineralisation in the footwall which are open along strike • Rånbogen displays outcropping massive sulphide mineralisation up to 2.3% Ni with no mining, only limite
Slide 16: Porsanger PGE-Ni-Cu Project, Norway
Porsanger PGE-Ni-Cu Project, Norway Underexplored part of the same age geological belt which is host to the major Sakatti and Kevitsa Ni-Cu-PGE deposits in Finland • Drill proven and open to depth • Large, highly conductive electromagnetic anomaly identified at Karenhaugen, undrilled • Area never ex
Slide 17: BHP Xplor
BHP Xplor Accelerator program to increase the odds of discovery Kingsrose has been selected to the inaugural cohort of the BHP Xplor program: • BHP Xplor is an accelerator program introduced by BHP in August 2022, designed to help provide participants with the opportunity to accelerate their growth
Slide 18: M&A Strategy
M&A Strategy Kingsrose will continue to build a portfolio of the highest quality exploration assets with tier-1 potential Well funded & quality team Key metrics for means: any potential ✓ Focused & high quality due diligence acquisition: ✓ Objective and patient ✓ Seen as a good partner ✓ Nimble Comm
Slide 19: Global Depth of Experience to Identify New Exploration Opportunities
Global Depth of Experience to Identify New Exploration Opportunities Board and Management have played key roles in the discovery and development of numerous significant projects globally Amulsar Sakatti 5 Moz Au, 28 Moz Ag Windfall Lake Project where team Ni-Cu-PGE 6.1 Moz Au members have played an
Slide 20: 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. Our sustainability aims are to be: • recognised as a leading ESG conscious mineral explo
Slide 21: Board of Directors
Board of Directors Experienced team with ability to deliver value for shareholders and stakeholders 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 Director Non-Executive
Slide 22: Management
Management Experienced team with ability to deliver value for shareholders and stakeholders Andrew Tunningley Mark Smith Isak Berntsen Peter Dodds Richard Hornsey Elisabeth Head of Exploration CFO Country Manager, Norway Exploration Manager - Technical Advisor Gammelsæter Scandinavia Social & Permit
Slide 23: Appendices
Appendices
Slide 24: Element-46 Transaction Terms
Element-46 Transaction Terms Yli Penikka Kingsrose has acquired Element-46 Limited and its 100% mineral exploration rights pursuant to a share VA2021:0069 sale and purchase agreement, for the following consideration: • upfront consideration (completed): £293,750 (or A$536,893) cash and the issue of
Slide 25: Råna Transaction Implementation Agreement
Råna Transaction Implementation Agreement Completion Milestone Consideration First The incorporation of the JV Company with an 10,000 JV Company shares will be The Transaction Implementation Agreement provides for the establishment of a new Norwegian joint issued capital of 90,000 JV Company shares
Slide 26: References
References Penikat benchmarking 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/annual- 28
Slide 27: info@kingsrosemining.com
info@kingsrosemining.com +61 +61 889389 93814494 5588 45 Ventnor Avenue, West Perth, WA 6005 Australia ABN: 49 112 389 910 www.kingsrosemining.com