Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Australian Gold Conference 2023
28 slides from Kingston Resources's conference presentation, Aug 29, 2023
Slide 1: Long-term, Diversified Gold-Copper Producer
For personal use only Long-term, Diversified Gold- Copper Producer Australian Gold Conference August 2023 Andrew Corbett, Managing Director ✓ Mineral Hill delivering growth in gold and copper production ✓ 3.8Moz Misima Gold Project Definitive Feasibility Study complete ASX: KSN
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer For personal use only Forward looking statements: 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 looking statements: in
Slide 3: Important Notices and Disclaimer: Underground Production Target
Important Notices and Disclaimer Underground Production Target For personal use only The LOM plan includes Mineral Resource Estimates from the Southern Ore Zone (SOZ) and Jack’s Hut to estimate the Production Target. All Ore Reserves and Mineral Resources underpinning this LOM plan have been prepare
Slide 4: Company vision
Company vision Becoming a leading ASX-listed mid-tier gold and copper producer, pioneering excellence and delivering For personal use only sustainable value to stakeholders Producing gold & silver at Mineral Hill, generating excellent cash flows Management team; jurisdictional experience and a track
Slide 5: High experienced and well regarded Executive Team
High experienced and well regarded Executive Team We have an excellent skill set within our team 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 a seasoned mining Andrew is a hig
Slide 6: Kingston: delivering on our strategy
Kingston: delivering on our strategy For personal use only Mineral Hill (100%) ✓ Mineral Hill acquisition ✓ Gold production +256% YOY to 16,520oz in FY23 ✓ Monthly gold sales increased, ✓ Extended LOM schedule to AISC/oz reduced. 2027 ✓ Mineral Resources updated ✓ Recommenced exploration drilling on
Slide 7: Corporate snapshot
Corporate snapshot 12 month Share Price Performance For personal use only Share price Market capitalisation Market Volume('000) RHS Close Price (A$) (LHS) $0.08 $38.8m 0.15 8000 6000 0.1 4000 28 August 2023 0.05 2000 Shares on issue Warrants & Options2 0 0 497.9m 98.7m Aug 22 Oct 22 Dec 22 Feb 23 Ap
Slide 8: Mineral Hill Overview
For personal use only Mineral Hill Overview Corporate Presentation August 2023 8
Slide 9: Mineral Hill – strategic location
Mineral Hill – strategic location Significant organic and regional resource growth opportunities For personal use only Abundance of gold-silver and polymetallic Cobar-style deposits within approved ML’s and within trucking distance of Mineral Hill processing plant Location 516km W of Sydney NSW in C
Slide 10: Mineral Hill – Evolution and Growth Phases
Mineral Hill – Evolution and Growth Phases Long life, strategic asset in the southern Cobar region For personal use only Phase 3 Phase 2 Grow and Expand Phase 1 • Target plant expansion from 350ktpa to 500ktpa (c45% uplift). • Target of 50kozpa+ AuEq. Open-pit and Underground Mining • Grow through r
Slide 11: Mineral Hill – mining lease and infrastructure
Mineral Hill – mining lease and infrastructure Extensive existing infrastructure base EL1999 For personal use only Pearse Nth • Numerous Cobar style mineral deposits all within approved mining Mineral Resources leases. Additional Deposits • Current cash flow from reprocessing historical tailings, ow
Slide 12: Mineral Hill – Initial LOM to 2027
Mineral Hill – Initial LOM to 2027 Key stages in implementing transformational growth at Mineral Hill For personal use only Calendar Year 2023 2024 2025 2026 2027 Cash flow from Tailings Project Processing plant refurbishment Underground re-access works Underground resource drilling Open pit mining
Slide 13: Mineral Hill – production outlook
Mineral Hill – production outlook Zinc Transitioning to open pit and underground mining For personal use only Lead • Current cash flow from gold. Copper • Open pit production in April 2024. FY261 • LOM production target at least out to 2027. Silver • High grade gold and silver from open pit mining.
Slide 14: Leveraging existing gold production from the Tailings Project
Mineral Hill – leveraging existing gold production from the Tailings Project Tailings processing with CIL capacity up to 700ktpa For personal use only • Optimising current production; increased Quarterly Gold Production throughput rates and increased recovery. Gold Sold (oz) AISC (A$/oz) • Gold prod
Slide 15: Open Pit Mining: Pearse South and Pearse North
Open Pit Mining: Pearse South and Pearse North High-grade gold and silver open pit mines providing strong cashflow potential For personal use only • New pit at Pearse North and deepening/cutback of Pearse South. • All permits and approvals in place. • High-grade gold/silver ore • Significant high-gr
Slide 16: Underground Mining: Southern Ore Zone (Cu-Au-Zn-Pb-Ag)
Underground Mining : Southern Ore Zone (Cu-Au-Zn-Pb-Ag) Significant growth opportunity with outstanding copper and gold drilling results For personal use only • New MRE has increases of 114% in tonnage, 54% in gold and 64% in copper. Contained silver, lead and zinc have all more than doubled. Tonnes
Slide 17: Near Mine Drill Targets
Near Mine Drill Targets Multiple drill targets to be tested within EL1999 For personal use only • Primary focus on 15 new near mine targets with potential to significantly expand contained copper and gold. • Multiple untested targets: none of the exploration targets have been previously drill-tested
Slide 18: Misima Gold Project location in Papua New Guinea
6 Moz 66 For personal use only SIMBERI St Barbara Moz LIHIR Newcrest Mining FRIEDA RIVER 17 Moz PanAust KAINANTU 24 PORGERA 2 K92 Mining 23 Moz PANGUNA Barrick Gold Moz Moz Misima OK TEDI PNG Govt. 27 Moz Gold Project WAFI-GOLPU Morobe Mining JV 17 Moz HIDDEN VALLEY 2 Harmony Gold WOODLARK 1.6 Moz P
Slide 19: Misima – definitive feasibility and Ore Reserve
Misima – definitive feasibility and Ore Reserve1 Large scale, long-life, low-cost open pit gold and silver mine For personal use only • High leverage opportunity on the gold price. 3.8Moz Gold 22.1Moz Silver • DFS uses $1,800/oz gold price and 0.7 AUD:USD. Resource Resource Gold price scenario of $2
Slide 20: Summary: focus on executing our clearly defined strategy
Summary: focus on executing our clearly defined strategy Leveraging existing gold-copper asset base while advancing future growth opportunities For personal use only Experienced management team focused on maximising returns with the existing assets. Current strong gold production rates and earnings
Slide 21: Appendix
For personal use only Appendix 21
Slide 22: Regional exploration
Regional exploration Broader exploration strategy within EL8334 For personal use only • Drilling to target coincident geophysical targets (gravity and induced polarisation). • Highly prospective geology and regional scale structures. • Lead in soil anomalies to be drill tested. • Land access agreeme
Slide 23: Mineral Hill Mine – Resources & Reserves
Mineral Hill Mine – Resources & Reserves Attractive commodity base with significant growth potential For personal use only • High grade Pearse open pit Mineral Resources. Total Mineral Resources • Polymetallic underground Mineral Resources. Deposit Kt Au Ag Cu Pb Zn Au Ag Cu Pb Zn • Additional resou
Slide 24: Mineral Hill – Social licence
Mineral Hill – Social licence Environmental and social licence to operate For personal use only • Stakeholder engagement – excellent relationship with land- holders, community and Condobolin Chamber of Commerce • Mining Licences (ML) granted • Environment protection, cyanide and water permits in pla
Slide 25: Competent Person Statement
Competent Person Statement Competent Person’s Statement - Mineral Resource Reported in Accordance with 2012 JORC Code – Mineral Hill Competent Person’s Statement - Mineral Resource Reported in Accordance with 2012 JORC Code – Misima The information in this report that relates to the reporting of the
Slide 26: Mineral Hill – Resources and Reserves
Mineral Hill – Resources and Reserves Attractive commodity base with significant growth potential For personal use only Total Probable Reserve Inventory Measured Resource Inventory Au Ag Au Ag Au Ag Cu Pb Zn Au Ag Cu Pb Zn Deposit Kt (g/t) (g/t) (Koz) (Koz) Deposit Kt (g/t) (g/t) % % % (Koz) (Koz) (
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) conversion
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