Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (July 2019)
22 slides from Kingston Resources's investor presentation, Jul 17, 2019
Slide 1: Misima Gold Project: A large-scale gold development opportunity in the Asia-Pacific
For personal use only Misima Gold Project: A large-scale gold development opportunity in the Asia-Pacific Corporate Presentation – Andrew Corbett, Managing Director July 2019
Slide 2: 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 For personal use only statements. Such forward looking statem
Slide 3: Investment Snapshot
Investment Snapshot • ASX-listed gold explorer and developer (ASX: KSN) For personal use only • Two high-quality projects – PNG and WA • Misima Gold Project (KSN +75%), PNG: • 2.8Moz JORC Resource with significant upside • Extensive mining history – significantly de-risks future development • Curren
Slide 4: Capital Structure, Board & Management
Capital Structure, Board & Management Share Price Anthony Wehby – Chairman For personal use only (as at 1/7/2019) Founding director and former Chairman of Aurelia Metals. Former Chairman of Tellus Resources and director of Harmony A$0.014 Gold (Aust). Partner at PricewaterhouseCoopers for 19 years i
Slide 5: Misima: A world-class project with exceptional upside
Misima: A world-class project with exceptional upside • For personal use only History: 3.7Moz Au & 22Moz Ag produced, including a 15-year, low-cost Placer mining operation (1986-2004)1 • Scale: 2.8Moz JORC Resource @ 1.1g/t Au2 • Upside: Multiple large-scale untested opportunities for new discoverie
Slide 6: Misima History: Profitable production, ultra-low costs
Misima History: Profitable production, ultra-low costs Misima statistics from Placer Pacific Annual Reports 1989 – 2004 2 For personal use only • 130-year mining history – gold first discovered in 1889 Reserves at end of 1990 1.9Moz Reserve grade at end of 1990 1.26g/t Au • Misima open pit operated
Slide 7: Kingston Exploration & Development Strategy
Kingston Exploration & Development Strategy • Existing 2.8Moz JORC Resource forms the backbone of the project For personal use only development strategy • Exploration currently focused on shallow, high-grade targets - seeking initial starter pits to contribute early ounces to future mining studies •
Slide 8: Umuna Deposit: 2.6Moz resource… and growing
Umuna Deposit: 2.6Moz resource… and growing Umuna: 76Mt @ 1.1g/t Au, 5.3g/t Ag Umuna drilling highlights1: For personal use only Exceptional Resource upside potential • 40m @ 3.17g/t Au and 10.88g/t Ag from 234m, incl. • Historical mining of 3.7Moz, with 2.6Moz Resource still in place • 6m @ 14.06g/
Slide 9: Regional Target: Misima North
Regional Target: Misima North Untested shear position with potential for Umuna-style gold endowment For personal use only Misima North - Ara Creek • High-priority geochemical and structural target • Untested 4km strike potential north of old Umuna Pit • Dilational flexure position at T3 (Ara Creek)
Slide 10: Regional Target: Umuna East
Regional Target: Umuna East Widespread gold enrichment at surface For personal use only Umuna East • Historical sampling and drilling by Placer defined widespread supergene enrichment east of the Umuna Pit • Large-scale mineralised trends confirmed by WCB and KSN field work • Historical underground
Slide 11: Regional Target: Quartz Mountain
Regional Target: Quartz Mountain 200koz Resource within a broader gold corridor For personal use only Quartz Mountain • Quartz Mountain area includes the 200koz Ewatinona Resource and small historical pits at Kobel and Maika • Broad NW-SE mineralised corridor defined by surface geochemistry • Minera
Slide 12: Misima: Locals' support is key to success
Misima: Locals’ support is key to success • 130-year history of artisanal mining For personal use only • Skilled resident workforce during the Placer era, with over 100 FIFO Misima residents • Kingston Project Manager, Charles Yobone, is working closely with local landowner groups • Local people and
Slide 13: Misima: Active work program advancing
Misima: Active work program advancing For personal use only CY2019 CY2020 Sep Q Dec Q Mar Q Jun Q Sep Q Dec Q Regional fieldwork Regional drilling JORC Resource Update Mining studies Project approvals w w w . k i n g s t o n r e s o u r c e s . c o m . a u 13
Slide 14: Livingstone Gold Project (75%)
Livingstone Gold Project (75%) • 140km NW of Meekatharra in Western Australia For personal use only • Kingsley Prospect discovered in 2018 below auger soil anomaly • Homestead Prospect hosts a 49,000oz JORC 2004 Resource1, with shallow high- grade intersections including: • 18m @ 7.85g/t Au from 68m
Slide 15: Livingstone Gold Project
Livingstone Gold Project Kingsley discovery1 For personal use only 1. KSN announcements 11/10/18 & 5/11/18 w w w . k i n g s t o n r e s o u r c e s . c o m . a u 15
Slide 16: Peer comparison
Peer comparison For personal use only Notes: • EV calculated as market capitalisation as at 12 July 2019 plus net debt as at March 31, 2019 • Resource ounces used are Total Resources and include varying compositions of Measured, Indicated and Inferred. • Companies which have released a BFS/DFS are s
Slide 17: Top Australian and PNG gold deposits
Top 25 Australian and PNG gold deposits Top 25 Australian and PNG gold deposits Total Resource1 For personal use only Ore Grade Contained Au No. Location Mine Owner mt g/t Moz 1 PNG Lihir Newcrest 690 2.30 50.0 2 Australia Cadia/Ridgeway Newcrest 3,170 0.37 38.0 3 PNG Wafi-Golpu Newcrest/Harmony Gol
Slide 18: In summary
In summary For personal use only • Exceptional large-scale production opportunity at the Misima Gold Project in PNG - significantly de-risked with extensive production history • Existing 2.8Moz JORC Resource provides the backbone of exploration and development strategy • Mining studies and approvals
Slide 19: Contact
Contact For personal use only Andrew Corbett – Managing Director Chris Drew – Chief Financial Officer P: +61 2 8021 7492 E: info@kingstonresources.com.au Kingston Resources Limited Suite 201/110 Pacific Highway, North Sydney, NSW 2060 www.kingstonresources.com.au Research Coverage Bridge Street Capi
Slide 20: Appendix: Misima Resource
Appendix: Misima Resource ▪ November 2017, JORC 2012 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.
Slide 21: Appendix: Misima Production Advantage
Appendix: Misima Production Advantage For personal use only Papua New Guinea: Historical mining parameters: • Proven geological domain • < 400m above sea level • Large scale Au + Cu projects • Low strip • PNG is currently 14th largest gold • Low cost drill & blast producer globally, 60 tonnes pa • L
Slide 22: Appendix: Data Sources
Appendix: Data Sources EV/Oz and Total Resource Charts – Slide 16 - Resource data for the included companies is sourced from the following announcements or reports Company Release Date Announcement/Report For personal use only Anova Metals 19 October 2018 2018 Annual Report Azumah Resources 2 July 2
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