Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Shareholder Meeting (November 2023)
29 slides from Kingston Resources's shareholder meeting presentation, Nov 17, 2023
Slide 1: Managing Director's AGM Presentation
ASX/Media Announcement 17 November 2023 Managing Director's AGM Presentation Kingston Resources Limited (ASX: KSN) attaches the following document in relation to the FY2023 Annual General Meeting: • Managing Director’s AGM Presentation For personal use only This release has been authorised by the Ki
Slide 2: Long-term, Diversified Gold-Copper Producer
For personal use only Long-term, Diversified Gold- Copper Producer AGM Presentation November 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 3: Important notices and disclaimer
Important notices and 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 KSN and its projects, are forward looking statements. Such forward looking statements: inc
Slide 4: 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 5: Mineral Hill Overview
For personal use only Mineral Hill Overview AGM Presentation November 2023 4
Slide 6: Company vision
Company vision Becoming a leading ASX-listed mid-tier gold and copper producer For personal use only Producing gold & silver at Mineral Hill Management team with jurisdictional experience and expertise Strategic infrastructure, permits and approvals Growth through exploration & regional acquisition
Slide 7: Kingston: delivering on our strategy - FY2023 a successful and profitable year
Kingston: delivering on our strategy FY2023 a successful and profitable year For personal use only TSF Mining - Cumulative Operating Cashflow Operating cash flow of $21.6m since acquiring Mineral 25.0M January 2022 to 31 October 2023 Hill in January 2022 verses $23m total consideration2 $21.6m 20.0M
Slide 8: ESG Frameworks and Benchmarking
ESG Frameworks and Benchmarking Kingston has initiated a review of the Company’s ESG For personal use only Identifying key areas for ESG performance Highlights and achievements: • Conducted gap analysis against WEF 21 metrics to understand where we stand • Reviewed KSN documents to populate ESG prof
Slide 9: Build a diverse and invested work force
Kingston: delivering on our strategy Build a diverse and invested work force For personal use only Owner operator mining of the TSF project and Underground • Building our safety culture & establishing our ESG framework • Training our own local and residential workforce • One of the largest employers
Slide 10: Profitable Tailings retreatment providing the platform for growth
Kingston: delivering on our strategy Profitable Tailings retreatment providing the platform for growth For personal use only Four additional months of Tailings production, forecast completion in August 2024 Tailings Mining as @ 31 October 2023 • Processed 1.28mt project to date, 560kt remaining • Av
Slide 11: Plant refurbishment - to unlock full potential
Kingston: delivering on our strategy Plant refurbishment – to unlock full potential For personal use only Commissioning of the refurbished plant scheduled for Q4 FY2024 with open pit ore feed • Approvals and license to operate in place • Local workforce and community support • Plant refurbishment 36
Slide 12: Underground and open pit mining
Kingston: delivering on our strategy Underground and open pit mining For personal use only Setting up Mineral Hill’s long term future with a return to underground mining • Open pit mining to commence in Feb 2024 • Underground refurbishment is well advanced • Underground mining to commence H2 2024 •
Slide 13: Mine life out to years and growing
Kingston: delivering on our strategy Mine life out to 5 years and growing For personal use only Tailings project extended to Aug 2024, open pits to mid 2025, underground mine life 3+ years and growing • Focus on increasing production and scale • Extend mine life • Look at mill expansion opportunitie
Slide 14: Organic growth is the initial priority
Kingston: delivering on our strategy Organic growth is the initial priority For personal use only Seven orebodies have been mined at Mineral Hill – we are confident there are more • The drill bit is turning • Resource expansion and infill drilling underway • Near mine exploration - underway • Primar
Slide 15: Leverage our assets - mill expansion and regional opportunities
Kingston: delivering on our strategy Leverage our assets - mill expansion and regional opportunities within Cobar Basin For personal use only 800,000 Mineral Hill is critical minerals mine set to produce both precious and base metals 700,000 600,000 • We are growing with production set to increase1
Slide 16: 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 17: 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 18: 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 $2,
Slide 19: Summary: focus on executing our clearly defined strategy
Summary: focus on executing our clearly defined strategy Leveraging existing gold-copper asset base while advancing future growth opportunities For personal use only Experienced management team focused on maximising returns with the existing assets. Maintaining TSF mining production rates, expand in
Slide 20: Appendix
For personal use only Appendix AGM Presentation November 2023 19
Slide 21: Highly experienced and well regarded Executive Team
High experienced and well regarded Executive Team We have an excellent skill set within our team For personal use only Mick Wilkes Andrew Corbett Tony Wehby Stuart Rechner Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Mick is a seasoned mining Andrew is a hig
Slide 22: Corporate snapshot
Corporate snapshot 12 month Share Price Performance Market Volume('000) RHS Close Price (A$) (LHS) For personal use only Share price Market capitalisation 0.14 7000 $0.08 $43.4m 0.12 0.1 0.08 6000 5000 4000 15 September 2023 0.06 3000 0.04 2000 0.02 1000 0 0 Shares on issue Warrants & options2 Nov 2
Slide 23: Regional exploration
Regional exploration For personal use only Broader exploration strategy within EL8334 • 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 24: Mineral Hill Mine - Resources and Reserves
Mineral Hill Mine – Resources and 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 res
Slide 25: 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 26: 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 27: Mineral Hill - Resources & Reserves
Mineral Hill – Resources & 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) (Kt
Slide 28: Metal equivalents
Metal equivalents For personal use only This presentation quotes metal equivalent grades for significant mineralised intercepts. The selection process for these significant intercepts involves an initial calculation of In-Situ Copper Equivalent (CuEqIS) by applying factors based on relative metal pr
Slide 29: 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
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