Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (February 2020)
23 slides from Kingston Resources's investor presentation, Feb 12, 2020
Slide 1: Advanced gold exploration in the Asia-Pacific
For personal use only Advanced gold exploration in the Asia-Pacific: 2.8Moz Resource, high-impact drilling programs underway Corporate Presentation Andrew Corbett, Managing Director February 2020 ASX: KSN www.kingstonresources.com.au
Slide 2: Disclaimer
Disclaimer Forward Looking Statements For personal use only 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 statem
Slide 3: Investment Snapshot
Investment Snapshot For personal use only • ASX-listed gold explorer and developer (ASX: KSN) • Two high-quality projects – PNG and WA • Misima Gold Project (KSN +75%), PNG: • 2.8Moz JORC Resource with significant exploration upside • Extensive mining history – significantly de-risks future developm
Slide 4: Capital Structure, Board & Management
Capital Structure, Board & Management For personal use only Share Price Board & Management Share Price – 12 month Performance A$0.17 Tony Wehby Chairman Mick Wilkes Non-Executive Director Issued Shares Stuart Rechner Non-Executive Director 176.6M Andrew Corbett Managing Director Chris Drew Chief Fin
Slide 5: PNG – A large and growing global commodities exporter
PNG – A large and growing global commodities exporter For personal use only • Proven mining jurisdiction • Successful mining track record over long term • Globally significant mining projects • Major global producer of gold and LNG • 2.3Moz pa Au production (15th largest global producer)1 • 9.5bcm L
Slide 6: 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 7: 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 8: Kingston Exploration & Development Strategy
Kingston Exploration & Development Strategy For personal use only • Existing 2.8Moz JORC Resource forms the backbone of the project development strategy • Currently drilling near-surface targets to define early mill feed • Aim to increase Resource inventory to +3.0Moz • Key targets include: • Quartz
Slide 9: Regional Target: Quartz Mountain
Regional Target: Quartz Mountain For personal use only 220koz Resource within a broader gold corridor • Quartz Mountain area includes the 220koz Ewatinona Resource and small historical pits at Kobel and Maika • Ewatinona recent drilling highlights include1 • 15.7m @ 1.60g/t Au from 40m, incl. 7.0m @
Slide 10: Resource Drilling: Ewatinona
Resource Drilling: Ewatinona For personal use only Outstanding start to Ewatinona Resource drilling program • Results from the first three holes in the Ewatinona Resource definition drilling program include: • 10.2m @ 3.68g/t Au from 10m, Incl. 4.2m @ 2.03g/t Au; and 4m @ 7.15g/t Au, incl. 1.4m @ 18
Slide 11: Regional Target: Misima North
Regional Target: Misima North For personal use only Untested shear position with potential for Umuna-style gold endowment Misima North - Ara Creek • High-priority geochemical and structural target • Success from one of the first holes drilled1: • 3.5m @ 1.48g/t Au and 78.0g/t Ag from 16.2m • 1.9m @
Slide 12: Regional Target: Umuna East
Regional Target: Umuna East For personal use only Widespread gold enrichment at surface • Historical sampling and drilling by Placer defined widespread supergene enrichment east of the Umuna Pit • Field work has confirmed large-scale mineralised trends • Historical underground workings to the east a
Slide 13: Umuna Deposit: 2.6Moz resource… and growing
Umuna Deposit: 2.6Moz resource… and growing Umuna drilling highlights1: For personal use only Umuna: 76Mt @ 1.1g/t Au, 5.3g/t Ag Exceptional Resource upside potential • 40m @ 3.17g/t Au and 10.88g/t Ag from 234m, incl. • Umuna open pit previously produced over 3.5Moz Au • 6m @ 14.06g/t Au and 13.33g
Slide 14: 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, with over 100 FIFO Misima residents • Kingston Project Manager, Charles Yobone, is working closely with local landowners • Strong local support of Kingston’s program,
Slide 15: Misima: Active work program advancing
Misima: Active work program advancing For personal use only CY2020 Mar Q Jun Q Sep Q Dec Q Regional fieldwork Exploration drilling Resource drilling JORC Resource update Environmental baseline work Mining studies Project approvals • Environmental baseline work now underway • Resource update anticipa
Slide 16: Livingstone Gold Project (75%)
Livingstone Gold Project (75%) For personal use only • 140km NW of Meekatharra in Western Australia • Kingsley 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 • 5m @ 20
Slide 17: Peer Comparison
Peer Comparison For personal use only EV/Oz of Resource ASX listed explorers & developers Resource (koz gold) +4000 200 4,000 180 3,500 160 140 3,000 120 2,500 100 2,000 80 60 1,500 40 1,000 20 500 0 Capricorn Metals Nusantara Sihayo Gold Horizon Minerals Echo Resources Anova Metals Azumah Resources
Slide 18: Top Australian and PNG gold deposits
Top 25 Australian and PNG gold deposits For personal use only Top 25 Australian and PNG gold deposits Total Resource1 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 19: In Summary
In Summary For personal use only • Exceptional large-scale production opportunity at the Misima Gold Project in PNG – significantly de-risked given extensive production history • Existing 2.8Moz JORC Resource provides the backbone of exploration and development strategy • Mining studies and approval
Slide 20: 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 21: 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 22: 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 23: 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 For personal use only Company Release Date Announcement/Report Anova Metals 18 Oct 2019 2019 Annual Report Azumah Resources 23 Oct 2019
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