Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (March 2019)
24 slides from Kingston Resources's investor presentation, Mar 12, 2019
Slide 1: Corporate Presentation March 2019
205/283 Alfred St, North Sydney, NSW 2000 ACN 009 148 529 For personal use only T: +61 2 8249 4968 www.kingstonresources.com.au Corporate Presentation March 2019
Slide 2: Disclaimer
Disclaimer 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 For personal use only statements. Such forward looking statem
Slide 3: Investment Overview
Investment Overview Misima Mine For personal use only Aim: The Next Low Cost, Large Scale, Gold Producer in Asia Pacific • 2.8Moz1 JORC compliant resource and growing • 4Moz2 low cost production history • Multiple opportunities for growth • Global JV partners in Nippon Metals and Mitsui PLUS: An add
Slide 4: Project Summary
Project Summary Focused gold company with two advanced exploration projects: For personal use only • Misima Gold Project (KSN +70%) • Scale: a 2.8Moz1 JORC Resource with a 15-year mining history as a highly profitable open pit • Potential: multiple untested targets over 8km of prospective strike; en
Slide 5: Reflecting and looking forward
Misima: Reflecting and looking forward 2018: For personal use only 2019: Increased ownership from 49% to 70% Drill new untested prospects Appointed drilling contractor on island Ginamwamwa Established community development roadmap Quartz Mountain Confirmed downdip extensions of Umuna p
Slide 6: Multiple exploration targets
Misima: Multiple exploration targets Umuna Extensions: 2.8Moz Au resource For personal use only open along strike and down dip – potential for shear-hosted and skarn mineralisation Misima North: >4km untested strike open to the north, supported by historic u/g mining, geochemistry, and KSN structura
Slide 7: New targets delivering upside
Misima: New targets delivering upside Ginamwamwa : High grade, near surface, starter pit? For personal use only • Misima field work commenced December 2017 delivering immediate success with discovery of a new prospect, Ginamwamwa, located adjacent to former mill site • Best channel samples at surfac
Slide 8: Further regional exploration targets
Misima: Further regional exploration targets Kingston has identified priority surface targets, drilling is underway For personal use only Quartz Mountain Misima North - Ara Creek • Hosts small resource, but limited historic drilling. Best holes • Untested 4km strike potential north of old pit includ
Slide 9: 2.8Moz and growing
Misima: 2.8Moz and growing For personal use only Umuna: Resource extension Resource upside potential at Umuna • The current resource is currently drill constrained – long section shows resource outline vs drill depth • Average historic hole depth ~119m with only 9% of holes exceeding 200m GDD013 int
Slide 10: Active work program advancing
Misima: Active work program advancing For personal use only 2017 2018 2019 2020 Estabish exploration team Update JORC Resource Commence regional fieldwork Exploration environmental approvals Complete earn-in toQ4 70% 2017 H2 2018 CY2019 Phase 1 Drilling: Resource extension Phase 2 Drilling: Regional
Slide 11: Misima landowners' support drives success
Misima landowners’ support drives success • Misima gas 130 years of successful and profitable gold For personal use only mining with active artisanal mining today. • Highly trained and educated resident workforce, with over +100 FIFO Misima residents. • Kingston Project Manager, Charles Yobone worki
Slide 12: Project Overview
Project Overview Misima Gold Project (+70%) For personal use only • Existing 2.8Moz resource:1 – 82.3Mt @ 1.1 g/t Au & 5.3 g/t Ag • Misima open pit gold mine operated by Placer from 1989 to 2001. • Mine was closed when the gold price was below US$300/oz • Historical production (1989 - 2004) averaged
Slide 13: Livingstone: Gold Project (75%)
Livingstone: Gold Project (75%) For personal use only • Located 140km NW of Meekatharra in Western Australia over 220km2 • Historic WMC soil anomaly at Livingstone’s Find hosts numerous old workings • Homestead Prospect holds a 49,000oz JORC 20041 and high grade shallow drilling intersections: • 18m
Slide 14: Livingstone: Gold Project
Livingstone: Gold Project Kingsley discovery1 For personal use only 1. KSN announcements 11/10/18 & 5/11/18 14
Slide 15: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure Board and Management Shares on issue 1,223,198,383 shares Chairman Anthony Wehby FCA, MAICD Market capitalisation (@A$0.019) A$23.2m Managing Director Andrew Corbett BE (Hons)MBA Cash on hand (as at 31 Dec,2018) A$3.3m Executive Director And
Slide 16: Peer comparison
Peer comparison KSN is cheap, Misima is large…. For personal use only • KSN at the lower end of gold exploration peers on an EV/oz basis • Scope to increase total resource in a relatively short period • Current market metrics suggest valuation uplift as works program at Misima progresses 16
Slide 17: In summary
In summary Misima Gold Project (KSN +70%) For personal use only • Scale: Misima 2.8Moz Au resource that is growing in scale and grade through exploration • Location: Favourable PNG island location, proven geological setting • Potential: Aim to re-establish Misima as a large scale and low cost open p
Slide 18: Contact
Contact Andrew Corbett – Managing Director For personal use only Chris Drew – Chief Financial Officer P: +61 2 8021 7492 E: info@kingstonresources.com.au Kingston Resources Limited 205/283 Alfred St, North Sydney NSW 2060, Australia www.kingstonresources.com.au Research Coverage Bridge Street Capita
Slide 19: Appendices
Appendices For personal use only • Board and Management • Misima Resource • Umuna Mineralisation Model • Misima Production Advantage • Placer Operating Data • Photo Gallery 19
Slide 20: Board and Management
Board and Management Anthony Wehby – Chairman For personal use only 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 Tel
Slide 21: Resource
Misima: Resource November 2017, JORC2012 Resource of 82.3Mt at 1.1 g/t for 2.8Moz 1 For personal use only Deposit Material Resource Cutoff Tonnes Gold Silver Au Moz Ag Moz Category (g/t Au) (Mt) (g/t Au) (g/t Ag) Umuna Sub-total Indicated 0.5 37.2 1.1 4.9 1.3 5.8 Inferred 0.5 38.4 1.0 6.1 1.3 7.5
Slide 22: Umuna-style mineralisation model
Misima: Umuna-style mineralisation model For personal use only Epithermal mineralisation model (after Cameron, 2019 – not to scale): • Steep structures e.g. Umuna act as a conduit for deep-seated, high P-T mineralising fluids • Pre-mineralisation fluids trapped against the permeability contrast of t
Slide 23: Production Advantage
Misima: Production Advantage Papua New Guinea: Misima: Approvals: Island location, Melanesian culture Transparent, stable mining regulations For personal use only Proven geological domain and approvals process Large scale Au + Cu projects Supportive local landowners Proven approved as a
Slide 24: Placer key operating parameters
Misima: Placer key operating parameters For personal use only Misima statistics from Placer Pacific Annual Reports 1989 – 2004 1 Reserve grade at end of1990 1.26 g/tAu Grade milled between 1991 and 2004inclusive 1.53 g/t Au Grade reconciliation between Reserves and Milled 121% Reserves at end of 199
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