Kingsrose Mining Ltd · ASX:KRM
Kingsrose Mining — Investor Presentation (November 2009)
27 slides from Kingsrose Mining's investor presentation, Nov 2, 2009
Slide 1: A Presentation on the Way Linggo Gold Project
For personal use only A PRESENTATION ON THE WAY LINGGO GOLD PROJECT Lampung Province, Sumatra, Indonesia 2 November 2009 1
Slide 2: General Disclaimer and Competent Person Statement
For personal use only “We are miners!” 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 presen
Slide 3: Capital structure
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$153m (@ A$0.70/share) Major Shareholders Icon Enterprises Ltd (19.4%) KRM (WA) Pty Ltd (9.1%) Cash on Hand
Slide 4: Corporate structure
For personal use only Kingsrose Mining Limited (Australian) 100% MM Gold Pty Ltd (Australian) 100% Natarang Offshore Pty Ltd (Australian) 85% PT Natarang Mining (Indonesian) Way Linggo Gold Project 4
Slide 5: 4th Generation COW – 10,540 Ha
For personal use only 4th Generation COW – 10,540 Ha Proximal to Trans‐ Sumatra Fault host to nearby major discoveries ‐ Martabe 5.9Moz ‐ Pongkor 3.6Moz ‐ Lebong Tandai 1.4Moz. ‐ Lebong Donok 1.3Moz. Considered to have many similarities with Gosowong‐ Kencana deposit (Newcrest) Only 11,300m of drill
Slide 6: Area - 10,540 Ha
For personal use only Area ‐ 10,540 Ha 6
Slide 7: Project summary: resource, mining, plant, exploration
For personal use only JORC Total Resource 669,000t @ 8.44g/t Au, 129g/t Ag 10.6g/t gold equiv., 227,600 gold equiv. oz Mining Commenced on 2 levels 1020mRL, 1065mRL Strongly Positive Reconciliations Approx 7000t @ 18g/t+ Au, 150g/t Ag stockpiled Expect 15‐ 20,000t stockpiled prior to plant start Pla
Slide 8: Sunk cost and cash cost per ounce
For personal use only Carrying Value (June 30, 2009) USD13m PLUS planned expenditure: July 2009 to March 2010 ¾ Plant & Equipment USD7m ¾ Mine Development USD4m TOTAL SUNK COST – Gold Production circa USD24m Production ¾ Direct mining costs USD119/oz ¾ Direct processing costs USD105/oz ¾ Dore transp
Slide 9: JORC Summary – Snowden's 2008
- JORC Summary —- Snowden’s 2008 WAY LINGGO North ‘ais East 700 ‘neotsty 40800 10400 10300 10200 10100 10000 e900 980097 ranesmoneesc90 09 0 a 1150 420 4100 1050 4150 oo 2 O | a A410 ! 900 4050 950 000 \ ” D2 1 it oad al {it 9300 g50 \\\} 000 900 g00 |. - 0100 hs g50 | 40300 2 Nort } 40409 800 600 K
Slide 10: A and B Ore Body sections
“A” Ore Body © 5.6m@3.3Au/49Age 1h @a.2Au/99Ag * 18.9 {959 mRL "| 112m @ 20.4 g Au/t, 305 g Ag/t Average width 4.1 m vrhewSurd 12.7m@4.. “B” Ore Body z z Zz z Zz z € £ £ € € £ LEGEND 8 8 8 3 8 3 Drill Hole Pierce Point = 2 2 4 = = Au (git) 14.4m @ 32.3g Ault, 225g Agit Sos 1 Average width 4.0 m @1 t
Slide 11: Production parameters
For personal use only ¾ Ore Stockpile by March 2010 > 25,000 tonnes @ 15g/t Au ¾ Mill Throughput 140,000 tonnes p.a. ¾ Budgeted grade for first 18 months 12gpt Au ¾ Plant Commissioning Starts March 2010 ¾ Mill recovery rate 90% ¾ Mill availability rate 92% ¾ Steady‐state annualised production 45,000
Slide 12: Way Linggo JORC Summary – Snowden's 2008
WAY LINGGO - JORC Summary —- Snowden’s 2008 ee CREPES aa Kingsrose Mining Ltd - Way Linggo Gold Project D
Slide 13: Production targets and cash costs
For personal use only ¾ Target Resource 1Moz + ¾ Plant capacity 140,000tpa ¾ Expected Head Grades 12g/t Au, 180g/t Ag ¾ Plant Commission end March 2010 2010 Prod’n – 30,000oz @ US$200/oz cash cost* (*after silver credit) 2011 Prod’n 50,000oz @ US$200/oz cash cost* 2012 Prod’n 50,000oz @ US$175/oz ca
Slide 14: Exploration potential and targets
For personal use only • Highly Prospective Rim‐of Fire Structural Setting ¾ Dilational Jogs & Splays ¾ Major Pull‐apart basin structures • Other near mine veins with significant assays ¾ South Vein Extensions ¾ New Quarry Vein ¾ Central Vein ¾ Panca’s vein • New major geophysics program •Semung Keci
Slide 15: Regional geology of Way Linggo
For personal use only Way Linggo located on western margin of older Miocene volcanic rocks (Tomh) surrounded by younger tuffaceous rocks (Qhv). A prominent pull‐apart basin occurs to the west of Way Linggo, Way Linggo N Semung Kecil 2 km 15
Slide 16: Intrusions and lineaments
For personal use only Intrusions are localized by the intersection of NW‐, NE‐ and N‐trending lineaments and pre‐date the emplacement of the epithermal veins in both areas. N Dacite stocks porphyritic andesite andesitic tuffs 2 km 16
Slide 17: Alteration and veining
For personal use only Clay‐pyrite (argillic) alteration (yellow), pervasive silicification (pink) and quartz veins (red) coincide with NW‐ and N‐trends (argillic alteration, silicification and quartz veins) and NE‐trends (silicification) locally. The vein systems and related hydrothermal alteration
Slide 18: Inferred hydrothermal cell
The vein systems and related hydrothermal alteration are localized in For personal use only zones of lineament intersection and nearby dacite intrusions. Both prospects are inferred to lie in the same 3 km by 1.5 km hydrothermal cell that is defined by NW‐ and N‐trending fault‐ and fracture‐zones. S
Slide 19: Vein orientations at Way Linggo
The surface quartz veins south of the Semung river predominantly strike NW and dip For personal use only moderately to steeply towards the NE. In contrast, the surface quartz veins north of the river (89 measurements) indicate NW‐, NNW‐ and N‐strikes and dip steeply towards the NE or E. Equal Area N
Slide 20: Vein orientations at Semung Kecil
For personal use only .The surface quartz veins measured at Semung Kecil (82 measurements) show a slightly more northerly strike than the majority of the quartz veins at way Linggo and commonly dip steeply towards the southwest. Equal Area N26W / 79SNE N N02E / 80SE (Schmidt) Equal Area N17W / 67SW
Slide 21: Silica-pyrite altered sedimentary rock
Pervasive silica‐pyrite altered sedimentary rock in the South vein area of Way Linggo. This For personal use only siltstone is inferred to have been deposited in a NE‐trending fault‐controlled basin (sag pond) during a volcanic hiatus; Pervasive silicification and minor quartz veins trend N30 – 40oE
Slide 22: Quartz vein textures
Quartz vein textures from a surface exposure of the Quarry vein and the underground For personal use only development in the Way Linggo mine. Quarry vein showing convoluted colloform banding in Vein B underground mine: chalcedony and quartz: High‐grade Au‐Ag localized within Interpreted to indicate
Slide 23: Plan map of near-mine exploration targets
Plan map and 1020m RL level plan of exploration targets (purple outlines) near the For personal use only way Linggo mine, southern Sumatra. These targets can be tested by drilling from the underground development headings. North Andesitic Open Drill hole trace Open tuff Topographic Andesitic lineame
Slide 24: CSAMT geophysics
CSAMT (Controlled‐Source Audio‐Magnetotelluric Technique) Positive correlation between the main vein and a CSAMT resistive body. For personal use only Three major CSAMT resistors have yet to be fully tested near the mine and warrant drilling of inclined diamond holes from surface or underground. CSA
Slide 25: Structural controls and exploration conclusions
For personal use only • Structural controls to Au‐Ag vein systems indicated by topography, geology and alteration – Intersection of regional NW‐ and NE‐fault systems near basement‐rock highs create favorable settings for ore • Dilational settings localize dacite intrusions and prospective vein syste
Slide 26: Epithermal alteration and gangue mineral zoning
For personal use only Epithermal Alteration and Gangue Mineral Zoning Depth Temp m oC Alteration sinter Vein textures/Mineralogy 0 100 massive 150 Smectite chalcedony 100 Illite‐ banded smectite quartz‐ 200 chalcedony 200 banded gold 300 225 400 Illite quartz 500 bladed 600 calcite 250 700 adularia
Slide 27: Thank you
For personal use only High grade, narrow vein gold specialists terima kasih OR THANK YOU 27
Kingsrose Mining — Investor Presentation (November 2009) on 6ix