Kingsrose Mining Ltd · ASX:KRM
Kingsrose Mining — Shareholder Meeting (November 2009)
49 slides from Kingsrose Mining's shareholder meeting presentation, Nov 26, 2009
Slide 1: Annual General Meeting
Slide 1 For personal use only Kingsrose Mining Limited Annual General Meeting Perth 26th November 2009
Slide 2: Kingsrose Mining Limited: Objective and Projects
Slide 2 Kingsrose Mining Limited For personal use only OBJECTIVE “Aggressively develop into a significant gold producer based on our proven in-house expertise in underground mining and exploration.” FOCUSSED APPROACH “Acquisition and development of production and near production projects evaluated a
Slide 3: Board and Executive Management
Slide 3 Board and Executive Management For personal use only Mr John Morris Executive Chairman Mr Timothy Spencer Chief Financial Officer Mr Bill Phillips Non-Executive Director Dr Mike Andrews Non-Executive Director Mrs Jeannette Smith Joint Company Secretary Miss Tanya Ashley Joint Company Secreta
Slide 4: Corporate Summary
Slide 4 Corporate Summary For personal use only Ordinary Shares on Issue 219.3m (listed) (includes 64.8m escrowed) Options 38.5m (listed) 15.7m (unlisted) Convertible Notes 11,000,000 Market Capitalisation (undiluted) A$142m (@ A$0.65/share) Major Shareholders Icon Enterprises Ltd (19.4%) KRM (WA) P
Slide 5: South Sumatra, Indonesia
Slide 5 Way Linggo Project - South Sumatra, Indonesia For personal use only
Slide 6: Overview
Slide 6 Way Linggo Project - Overview For personal use only • Construction of 140,000 tonnes per annum underground gold mine and processing facility • Mineral rights held under 4th Generation Contract of Work • Feasibility study completed and Government approvals for construction obtained • Commissi
Slide 7: Project Snapshot
Slide 7 Way Linggo Project - Project Snapshot For personal use only JORC Total Resource 669,000t @ 8.44g/t Au, 129g/t Ag 10.6g/t gold equiv., 227,600 Au Eq oz Mining Commenced on 2 levels 1020mRL, 1065mRL Strongly Positive Reconciliations Approx 7000t @ 18g/t+ Au, 150g/t Ag stockpiled Expect 15,000t
Slide 8: Holding Structure
Way Linggo Project - Holding Structure For personal use only Kingsrose Mining Limited • PT Natarang Mining (“PT NM”) (Australian) – Indonesian PMA (foreign ownership approved) company 100% – 4th generation Contract of Work MM Gold Pty Ltd (Australian) • Natarang Offshore Pty Ltd 100% (“NOPL”) – Aust
Slide 9: Site Layout
Slide 9 Way Linggo Project - Site Layout For personal use only
Slide 10: Mine Location
Slide 10 Way Linggo Project - Mine Location For personal use only
Slide 11: North Vein Ore Bodies
Slide 11 Way Linggo Project - North Vein Ore Bodies For personal use only 3D Image of Way Linggo Area showing subsurface extent of North Vein, topography and drillhole traces
Slide 12: Way Linggo Project – Minesite Geology
Slide 12 Way Linggo Project – Minesite Geology For personal use only Site Geology • Mineralisation as high grade epithermal quartz veins • Low sulphidation • Host rocks dacite intrusion and andesite volcanics • North Vein – Near vertical, average width 4.7 metres – Resource 554,000 tonnes @ 9.17 g/t
Slide 13: Way Linggo - Snowden's Resource Estimate
Way Linggo - Snowden’s Resource Estimate For personal use only Deposit Classification Tonnes Au g/t Ag g/t AuEq g/t AuEq oz Measured 334,000 11.40 172 14.27 153,000 North Vein Indicated 93,000 7.06 118 9.03 27,000 Inferred 127,000 4.92 83 6.30 25,700 Sub-total 554,000 9.17 143 11.55 205,700 Hangingw
Slide 14: Way Linggo North Vein - Long Section
Slide 14 Way Linggo North Vein - Long Section (View To The West) For personal use only
Slide 15: North Vein Ore Bodies
Way Linggo Project - North Vein Ore Bodies For personal use only A Ore Body B Ore Body Quartz - Adularia – Clay Assemblage Quartz – Chlorite – Clay Assemblage 1020 Level Face sampling (uncut) 1020 Level Face sampling (uncut) 112 m @ 20.4 g Au/t, 304 g Ag/t 90 m @ 33.5 g Au/t, 414 g Ag/t Average widt
Slide 16: 1020 Level Plan
Slide 16 Way Linggo Project - 1020 Level Plan For personal use only Way Linggo Mine Development Projection of :- • 1020 m Level • North Vein on 1020 m Level • Incline • Main Haulage Drive • Alimak Raising • Sill Drift Development • Underground Shaft to 965 Level
Slide 17: Mining
Way Linggo Project - Mining For personal use only ROM Pad 1020 Level Main Haulage Portal Mine Service Area
Slide 18: Mining
Way Linggo Project - Mining For personal use only Experienced Indonesian miners Bogging high grade ore on staff. 3 shifts per day
Slide 19: Mining
Way Linggo Project - Mining For personal use only Alimak Raising High Grade Stockpile Currently approximately 7,000 t @ 18 g Au/t, 150 g Ag/t
Slide 20: Process Plant
Slide 20 Way Linggo Project - Process Plant For personal use only 400 tonnes per day design capacity Merrill – Crowe Process Cyanide leach and zinc precipitation of Au and Ag Suitable high grade and particularly high Ag ores Commissioning end- March 2010 All major components onsite
Slide 21: Process Plant Flow Sheet
Slide 21 Way Linggo Project - Process Plant Flow Sheet For personal use only
Slide 22: Process Plant Design
Slide 22 Way Linggo Project - Process Plant Design For personal use only
Slide 23: Tailings Dam Construction
Slide 23 Way Linggo Project - Tailings Dam Construction For personal use only TAILINGS STORAGE FACILITY Engineered Earth Dam under construction Government Permitted Design Project Environmental Impact Statement, Env. Monitoring Plan and Env. Management Plan approved
Slide 24: Projected Performance
Slide 24 Way Linggo Project - Projected Performance For personal use only Ore Stockpile by March 2010 15,000 tonnes @ 15g/t Au Mill Throughput 140,000 tonnes p.a. Budgeted grade for first 18 months 12 g Au/t Plant Commissioning Starts end-March 2010 Mill recovery rate 90% Mill availability rate 92%
Slide 25: Key Financial Estimates
Slide 25 Way Linggo Project - Key Financial Estimates For personal use only CARRYING VALUE up to June 30, 2009) USD 13m PLANNED EXPENDITURE July 2009 to March 2010 ¾ Plant & Equipment USD 7m ¾ Mine Development USD 4m TOTAL SUNK COST TO PRODUCTION USD 24m PRODUCTION COSTS (revised 24Nov09) ¾ Direct m
Slide 26: Way Linggo Project – Trans Sumatra Fault Zone
Way Linggo Project – Trans Sumatra Fault Zone For personal use only Highly prospective geological setting Structural setting related to Trans Sumatra Fault Zone (TSFZ) Major dextral strike slip regime –Dilational jogs –Pull apart basins Significant mines and projects related to TSFZ ‐ Martabe 5.9Moz
Slide 27: Way Linggo - Prospective Structural Setting
Way Linggo - Prospective Structural Setting For personal use only
Slide 28: Way Linggo Project Exploration Potential
Way Linggo Project For personal use only Exploration Potential Prospect Locations • Way Linggo • Semung Kecil • Minesite Exploration • Brown Fields Exploration • Regional Potential
Slide 29: Way Linggo Project – Ore Body Extensions
Way Linggo Project – Ore Body Extensions For personal use only North Vein Orebodies Plunge to North approximately 40 degrees Ore shoots structurally controlled, Open at depth and down plunge
Slide 30: Way Linggo Project – Mine Site Exploration Targets
Way Linggo Project – Mine Site Exploration Targets For personal use only Based on Structural Geological assessment by Dr Steve Garwin Numerous near mine exploration targets
Slide 31: Way Linggo Project – Brown Field Exploration Targets
Way Linggo Project – Brown Field Exploration Targets For personal use only Way Linggo Minesite and Semung Kecil Prospect Geology
Slide 32: Brown Field Exploration Targets
Way Linggo Project - Brown Field Exploration Targets For personal use only Way Linggo and Semung Kecil part of major structurally controlled hydrothermal cell
Slide 33: Way Linggo Project – Exploration Targets
Way Linggo Project – Exploration Targets For personal use only Zone of subdued magentic relief indicates extent of major hydrothermal cell extending to north of known prospects
Slide 34: Exploration Drilling
Way Linggo Project - Exploration Drilling For personal use only Diamond drilling from surface Underground diamond drilling 2 rigs on site ¾ Ore body delineation ¾ Parallel Veins
Slide 35: Regional Exploration: Airborne Geophysics
Slide 35 Way Linggo Project For personal use only REGIONAL EXPLORATION Airborne Geophysics Helicopter Magnetics and Radiometrics
Slide 36: Regional Exploration: Airborne Geophysics
Slide 36 Way Linggo Project For personal use only REGIONAL EXPLORATION Airbourne Geophysics Sophisticated processing by Fathom Geophysics
Slide 37: Regional Exploration: Airborne Geophysics
Slide 37 Way Linggo Project For personal use only REGIONAL EXPLORATION Airborne Geophysics Helicopter Magnetics and Radiometrics Interpretation being integrated with Structural Geology by Dr Steve Garwin
Slide 38: Regional Exploration: Airborne Geophysics
Slide 38 Way Linggo Project For personal use only REGIONAL EXPLORATION Airborne Geophysics Helicopter Magnetics and Radiometrics Satellite imagery Prominent NW, N and NE Linears 22 Target areas for follow up ¾ Lineament intersection zones ¾ Dacite Intrusions ¾ Broad magnetic subdued areas hydrotherm
Slide 39: Regional Exploration: Drainage Geochemistry
Slide 39 Way Linggo Project For personal use only REGIONAL EXPLORATION Drainage Geochemistry Gold BLEG Anomalies Bulk Leach Extractable Gold
Slide 40: Regional Exploration: Drainage Geochemistry
Slide 40 Way Linggo Project For personal use only REGIONAL EXPLORATION Drainage Geochemistry Gold Stream Sediment Anomalies - 80# Size Fraction
Slide 41: Way Linggo Project – Exploration Potential
Slide 41 Way Linggo Project – Exploration Potential For personal use only Highly Prospective Terrane ¾ Pacific Rim of Fire ¾ Sunda-Banda Volcanic Arc ¾ Trans Sumatra Fault Zone dextral strike slip regime Epithermal Gold Mineralisation ¾ High grade gold and silver ¾ Multi million ounce deposits mined
Slide 42: Epithermal Gold - Gosowong Mineralisation
Slide 42 Epithermal Gold - Gosowong Mineralisation For personal use only (From Dan Wood and Gosowong Discovery Team presentation, Newcrest Mining) Similar mineral assemblages to Way Linggo A and B ore bodies ¾ A Orebody Quartz-Adularia-Clay ¾ B Orebody Quartz-Calcite-Chlorite
Slide 43: Epithermal Gold - Gosowong Long Section
Slide 43 Epithermal Gold - Gosowong Long Section For personal use only (After Newcrest Mining) Gosowong and Kencana Ore Bodies showing regional plunge
Slide 44: Way Linggo - Structural Setting
Way Linggo - Structural Setting For personal use only Pull Apart Basins and Dilational Jogs within Trans Sumatra Fault Zone
Slide 45: Way Linggo Comparison Setting - Pull apart Basin Margin
Way Linggo Comparison Setting - Pull apart Basin Margin For personal use only Frutta Del Norte, Equador Resource 58,900,000 t @ 7.2 g Au/t (13.6 M oz Au Eq) (After Aurelian Resources)
Slide 46: Epithermal Gold – Hishikari Long Section
Epithermal Gold – Hishikari Long Section For personal use only (After Faure et al 2002) Note scale and distribution of high grade ore shoots
Slide 47: Epithermal Gold – Vera Nancy Long Section
Slide 47 Epithermal Gold – Vera Nancy Long Section For personal use only Original Pajingo - 370,000 oz Au @ 8 – 9 g Au/t Vera Nancy - 2,900,000 oz Au @ 13.5 g Au/t Current extent of drilled resource at Way Linggo overlaid
Slide 48: Way Linggo Project – Exploration Potential
Slide 48 Way Linggo Project – Exploration Potential For personal use only Highly Prospective Terrain ¾ Pacific Rim of Fire ¾ Sunda-Banda Volcanic Arc ¾ Trans Sumatra Fault Zone dextral strike slip regime Epithermal Gold Mineralisation ¾ High grade gold and silver ¾ Multi million ounce deposits mined
Slide 49: General Disclaimer
Slide 49 For personal use only General Disclaimer This presentation has been prepared by Kingsrose Mining Limited (“Kingsrose” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation c
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