Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Resources Rising Stars 2020
24 slides from Kingston Resources's conference presentation, Nov 11, 2020
Slide 1: Gold Developer in the Asia-Pacific
For personal use only GOLD DEVELOPER in the Asia-Pacific Building a substantial long-life, low-cost gold operation at the 3.2Moz Misima Gold Project, PNG Resources Rising Stars | 11 November, 2020 Andrew Corbett, Managing Director Large-scale development Pre-Feasibility Study underway Ore Reserve ta
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: Gold Explorer & Developer – ASX Listed: KSN
Gold Explorer & Developer – ASX Listed : KSN For personal use only MISIMA GOLD PROJECT TWO HIGH-QUALITY PROJECTS LIVINGSTONE GOLD PROJECT (KSN: 100%1) PNG (KSN: 75%) Western Australia • 3.2Moz Au & 18.2Moz Ag Resource • High-grade gold discovery in with significant exploration upside2 Misima WA’s Br
Slide 4: Capital Structure, Board & Management
Capital Structure, Board & Management For personal use only Share Price Board & Management Share Price – 12-month Performance A$0.25 Tony Wehby Chairman Mick Wilkes Non-Executive Director Issued Shares Stuart Rechner Non-Executive Director Andrew Corbett Managing Director 231M Chris Drew Chief Finan
Slide 5: Misima Gold Project: Overview and Key Statistics
Misima Gold Project: Overview and Key Statistics Misima Island PAPUA NEW GUINEA For personal use only • Over 130 years of gold production • Over 7Moz of endowment to date • 600km east of Port Moresby, Milne Bay Province Misima Resource update released 21 May 2020 • 106Mt @ 0.93g/t Au for 3.21Moz1 Mi
Slide 6: Misima Project Development Strategy
Misima Project Development Strategy • Development underpinned by existing FOLLOWING PLACER’S PATHWAY TO PRODUCTION For personal use only 3.2Moz Resource1 Historic Gold price (USD) • PFS completion targeted by Q4 2020 • Leveraging 15 years of previous production history • Over 15 years of production
Slide 7: Misima Exploration Strategy
Misima Exploration Strategy • Current 3.0Moz Umuna Resource is open at depth For personal use only and drill-constrained • Exploration focus remains near-surface mineralisation Key exploration targets include: • Quartz Mountain: 200koz resource at Ewatinona, mineralisation open at depth and along st
Slide 8: Umuna Deposit: 3.0Moz Resource – 52% Indicated
Umuna Deposit: 3.0Moz Resource – 52% Indicated Umuna Resource: 94.5Mt @ 0.93g/t Au, 5.6g/t Ag For personal use only Exceptional upside potential: • Umuna open pit previously produced over 3.5Moz Au • Resource is drill constrained with outstanding potential to increase ounces at depth and to the nort
Slide 9: Umuna Deposit: High-Grade Structures
Umuna Deposit: High-Grade Structures Umuna hosts a number of high grade structures For personal use only inside a broader mineralised corridor intersections include1: • 84m @ 7.20g/t Au • 20m @ 17.04g/t Au • 36m @ 8.50g/t Au • 64m @ 4.13g/t Au • 40m @ 6.49g/t Au • 78m @ 2.76g/t Au • 57m @ 3.39g/t Au
Slide 10: Starter Pit: Quartz Mountain
Starter Pit: Quartz Mountain 200koz Resource within a broader gold corridor Quartz Mountain regional gold corridor with historic pits and recent drilling For personal use only Ewatinona drilling program highlights include1 • 20.0m @ 1.81g/t Au from 78m, incl. 3m @ 7.48g/t Au • 16.0m @ 2.16g/t Au inc
Slide 11: Misima: Community Support the Key to Success
Misima: Community Support the Key to Success • 130-year history of artisanal mining For personal use only • Skilled resident workforce, with over 100 FIFO Misima residents • Kingston working closely with local landowners • Strong local support of Kingston’s program, residents keen to see mine re-ope
Slide 12: Misima: Active Work Program Advancing
Misima: Active Work Program Advancing For personal use only JORC Resource update Environmental baseline work 2020 Regional fieldwork Mining studies Exploration drilling Resource drilling Project approvals Q1 Q2 Q3 Q4 Moving from exploration to development focus • Environmental baseline work ongoing,
Slide 13: Livingstone Gold Project, WA (75%)
Livingstone Gold Project, WA (75%) • Kingsley prospect discovered in 2018 below auger soil anomaly For personal use only • Homestead Prospect contains a 49,000oz JORC 2004 Resource1, with shallow high-grade intersections including: • 18m @ 7.85g/t Au from 68m • 5m @ 20.5g/t Au from 3m • 7m @ 12.59g/
Slide 14: Livingstone Gold Project, WA (75%)
Livingstone Gold Project, WA (75%) For personal use only LIVINGSTONE GOLD PROJECT 2020 drilling campaign to focus on Resource definition at the Kingsley Prospect and follow-up drilling on the Stanley Target www.kingstonresources.com.au 14
Slide 15: Livingstone Gold Project, WA (75%)
Livingstone Gold Project, WA (75%) REGIONAL SETTING For personal use only • Located 140km NW of Meekatharra in Western Australia • Livingstone Gold Project sits on the contact between the Narracoota Formation and the adjacent Bryah Group • Numerous nearby gold mines highlight regional prospectivity
Slide 16: Peer Comparison
Peer Comparison For personal use only Notes: • EV calculated as market capitalisation as at 24 July 2020 plus net debt as at 31 March 2020 • Resource ounces used are Total Resources and include varying compositions of Measured, Indicated and Inferred. • Companies which have released a BFS/DFS are sh
Slide 17: Key Investment Takeaways
Key Investment Takeaways Kingston Resources is on track to become a significant new ASX-listed gold For personal use only developer operating in the Asia-Pacific region over the next 12 months ✓ Exceptional large-scale production opportunity at the Misima Gold Project in PNG ✓ Significantly de-riske
Slide 18: Contact and Research Coverage
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 ASX: KSN Research Coverage Canaccord Reg Spencer
Slide 19: Appendix: PNG – A large growing global commodities nation
Appendix: PNG – A large growing global commodities nation 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 • 9.5b
Slide 20: Appendix: Misima Resource
Appendix: Misima Resource For personal use only www.kingstonresources.com.au 1. See KSN ASX announcement on 21 May 2020 for further detail 20
Slide 21: Appendix: Top Australian and PNG gold deposits
Appendix: Top 25 Australian and PNG gold deposits Top 25 Australian and PNG gold deposits Total Resource1 Ore Grade Contained Au For personal use only 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/H
Slide 22: Appendix: Historical Profitable Production, Ultra-Low Costs
Appendix : Historical Profitable Production, Ultra-Low Costs Misima statistics from Placer Pacific Annual Reports 1989 – 2004 1 • 130-year mining history – gold first discovered in 1889 For personal use only Reserves at end of 1990 1.9Moz Reserve grade at end of 1990 1.26g/t Au • Misima open pit ope
Slide 23: Appendix: Misima Production Advantage
Appendix: Misima Production Advantage PAPUA NEW GUINEA: HISTORICAL MINING PARAMETERS: For personal use only • Proven geological domain • < 400m above sea level • Large scale Au + Cu projects • Low strip • PNG is currently 15th largest gold • Low cost drill & blast producer globally, 60 tonnes pa • L
Slide 24: 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 Company Release Date Announcement/Report For personal use only Anova Metals 18 Oct 2019 2019 Annual Report Apollo Consolidated 28 April