Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (November 2017)
28 slides from Kingston Resources's investor presentation, Nov 10, 2017
Slide 1: Kingston Resources Investor Presentation
ACN 009 148 529 For personal use only T: +61 2 8021 7492 www.kingstonresources.com.au Kingston Resources (KSN:ASX) Investor Presentation November 2017
Slide 2: Disclaimer
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 Kingston Resources Limited (“KSN”) and its projects, are forward looking statements. Such forward looking statem
Slide 3: Kingston Resources (KSN.ASX)
Kingston Resources (KSN.ASX) For personal use only • Misima Gold Project (earn in to 70%) – Multi-million ounce gold project over 7 km strike • Current resource 2.3 Moz • JV partner Pan Pacific Copper – Multiple brownfields exploration targets – Island location reduces challenges – Historically prof
Slide 4: Misima Gold Project
Misima Gold Project For personal use only Surrounded by giants. Current published total resource ounces for each project as at October 2017, Au only (not Au Equivalent). 4
Slide 5: Misima Gold Project
Misima Gold Project For personal use only A world-class gold project with a proven history and massive upside potential. • Gold was first discovered on Misima in 1888-89 ^ • Pre-WWII underground mining produced over 230,000oz @ +9 g/t ^ • Placer produced 3.7Moz gold and 22Moz of silver from open pit
Slide 6: Misima Gold Project: Exploration upside
Misima Gold Project: Exploration upside For personal use only Immediate exploration potential in four main areas: • Umuna East: Mineralised structures on southeast side of Umuna. Up to 1.8km in strike with evidence of high grade, shallow mineralisation. • Misima North: >3km untested strike open to t
Slide 7: Exploration upside: Umuna East
Exploration upside: Umuna East For personal use only • Mineralised structures splaying southeast off the Umuna Shear, highlighted by structural mapping, geochemistry and artisanal mining. • Strike lengths >1km with potential for significant extensions. • Channel sampling by Placer & WCB includes: Ku
Slide 8: Exploration upside: Umuna East
Exploration upside: Umuna East For personal use only Alluvial mining Ginesia splay, August 2017 Alluvial mining Grants splay, 2015 estimated 50-60 m vertical height 8
Slide 9: Exploration upside: Misima North
Exploration upside: Misima North For personal use only • Historic drilling at Misima North includes – 8m @ 4.68g/t Au from 8m, 1.4km north of Umuna (hole MNR2220) – 10m @ 2.36 g/t Au from surface, 2.3km north of Umuna (hole MNR889) – 10m @ 3.2 g/t Au from surface, 2.3km north of Umuna (hole MNR515).
Slide 10: Exploration upside: Umuna Extensions
Exploration upside: Umuna Extensions For personal use only • Placer’s focus on mining the Umuna reserve has left multiple extensional prospects untested. • With the prevailing low gold price, Placer had little incentive to pursue exploration opportunities outside the reserve • Historic drilling outs
Slide 11: Exploration upside: Umuna Extensions
Exploration upside: Umuna Extensions For personal use only View of the Whittle US$1,400 pit shell looking east. • The current resource is limited by drilling over much of Umuna’s strike length. • Excellent potential to increase ounces within the Umuna Shear at depth and to the north, and in the Kulu
Slide 12: Exploration upside: Quartz Mountain
Exploration upside: Quartz Mountain For personal use only • Quartz Mountain hosts a small resource, but drilling has been limited. • Historic drilling at Quartz Mountain includes – 10m @ 3.06g/t Au from 108m to end of hole in ERC693 – 12m @ 4.13g/t Au from 116m in EMD701 – 14m @ 2.28g/t Au from 76m
Slide 13: Misima Gold Project: Resource
Misima Gold Project: Resource For personal use only • What we have – August 2017, NI43-101 resource of 72.7Mt at 1.0 g/t for 2.3Moz 1, 2 Resource Cut-off Tonnes Gold Silver Au Ag Deposit OXIDE Category g/t Au Mt g/t Au g/t Ag Moz Moz Indicated 0.37 5.0 0.7 10.8 0.1 1.8 Oxide Inferred 0.37 7.5 0.8 12
Slide 14: Misima Gold Project - Future
Misima Gold Project - Future For personal use only • CY17 • Establish operational team • Commence geochemical field work • JORC resource statement • Environmental approvals • CY18 • Phase 1 extensional drilling • Complete earn in to 70% ownership • Phase 2 extensional and infill drilling • Scoping s
Slide 15: Australian Exploration
Australian Exploration For personal use only Focus is on advancing: • Livingstone Gold Project: next drill program to focus on the large geochemical soil anomaly around the Livingstone’s Find area. • Bynoe Lithium Project: three drill targets ready for follow up post wet season 2018. Emphasis is on
Slide 16: Livingstone Gold Project
Livingstone Gold Project For personal use only • KSN holds an option to acquire a 75% interest in the Livingstone Gold Project, 140km NW of Meekatharra in Western Australia • The Homestead prospect holds a JORC2004 Inferred resource of 49,900oz and numerous high grade historic intersections includin
Slide 17: Livingstone Gold Project
Livingstone Gold Project For personal use only Schematic geology of the Padbury and Bryah Basins (after Pirajno et al, 2000) • Livingstone’s Find sits on the contact between the Narracoota Formation and the adjacent Bryah Group, a stratigraphic position analogous to the nearby Labouchere gold mine 1
Slide 18: Livingstone Gold Project
Livingstone Gold Project For personal use only • Historic 2km x 2km WMC soil anomaly at Livingstone’s Find hosts numerous old workings, with a 2016 KSN sampling program returning grab samples of up to 75g/t Au. ^ • Recent KSN auger program has expanded this anomaly to 4km x 5km. Mt Seabrook 1 & 2 co
Slide 19: Bynoe Lithium Project
Bynoe Lithium Project For personal use only • Maiden drill program in 2017 saw significant lithium mineralisation intersected at Lei1 – 12m @ 1.43% Li2O from 121m, including 9m @ 1.69% – 1m @ 1.80% Li2O from 142m, and – 5m @ 1.07% Li2O from 152m • Immediate follow up targets at Lei • Multiple additi
Slide 20: Arunta Lithium Project
Arunta Lithium Project For personal use only • Initial soil surveys identified two priority target areas at Delmore and Tank Hill, with +100ppm lithium in soil anomalism and high grade rock chips2 (~10% Li) identified at Delmore prospect. • Drilling applications approved for following up these targe
Slide 21: KSN Value Proposition
KSN Value Proposition For personal use only • KSN sits at the low end of gold exploration peers on an EV/oz basis • Significant scope to increase resource driving short term shareholder value • Current market metrics suggest considerable value uplift as Misima advances EV / oz gold in Resources (A$/
Slide 22: KSN Corporate Snapshot today
KSN Corporate Snapshot today For personal use only CAPITAL STRUCTURE KEY PERSONNEL Shares on issue 669,082,736 shares Chairman Anthony Wehby FCA, MAICD Merger consideration shares 323,874,357 shares Managing Director Andrew Corbett BE (Hons) MBA Pro-forma shares on issue 992,957,093 shares Executive
Slide 23: Board and Management
Board and Management For personal use only Anthony Wehby – Chairman • Anthony was a founding director and former Chairman of Aurelia Metals Ltd, an ASX listing mining company, in his role oversaw the progression of the company from exploration through to production. Prior roles include Chairman of T
Slide 24: Kingston Resources merger with WCB Resources
Appendix For personal use only Kingston Resources merger with WCB Resources • Kingston Resources merged with WCB Resources under a successful Canadian Plan of Arrangement on 10th November 2017 • WCB.TSX was delisted from the TSX • KSN assumed management of the Misima Gold Project located in Papua Ne
Slide 25: Misima Gold Project - History
Appendix For personal use only Misima Gold Project - History • Placer produced 3.7Moz Au at Misima – Open Pit mined from 1989 to 2001 – Stockpiled ore treated to 2004 – Initial mine capital U$202m – Produced 3.7Moz Au and 22Moz Ag – Mill nameplate 5.5Mtpa, achieved 6.9Mtpa – LOM recoveries, gold 91.
Slide 26: Misima Gold Project – Mining background
Appendix For personal use only Misima Gold Project – Mining background “Misima was a long life and low cost gold mine, driven by low strip ratio and an industry leading low cost milling operation” Misima stats from Placer Pacific Annual Reports 1989 - 2004. Reserve grade at end of 1990 1.26 g/t Au G
Slide 27: Misima Gold Project – Grade upside
Appendix For personal use only Misima Gold Project – Grade upside • Exploration upside Au Cut off g/t Material Description Treatment Location – Initial exploration drilling will follow up on the high grade 0 to 0.49 Soft-Waste Waste Dump channel sampling identified in the splays 0 to 0.69 Hard - Was
Slide 28: Additional information on Misima NI43-101 resource estimate
Appendix For personal use only Additional information relevant to the Misima NI43-101 mineral resource estimate, pursuant to Listing Rule 5.10 to 5.12: • 5.12.1 The resource estimate for Misima was completed by Mr Scott Andrew McManus, an employee of Skandus Pty Ltd and a Qualified Person as defined
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