Kingston Resources Ltd. · ASX:KSN
Kingston Resources — Investor Presentation (August 2022)
30 slides from Kingston Resources's investor presentation, Aug 29, 2022
Slide 1: Asia-Pacific Gold and Copper Mining Company – Corporate Update
ASX: KSN For personal use only Asia-Pacific Gold and Copper Mining company Corporate Update August 2022 Andrew Corbett, Managing Director ✓ Mineral Hill development plan underway to deliver growth in production ✓ 3.8Moz Misima Gold Project Definitive Feasibility Study complete www.kingstonresources.
Slide 2: Disclaimer
Disclaimer Forward Looking Statements Disclaimer Exploration by Other Explorers For personal use only Certain statements contained in this presentation, including No representation or warranty, express or implied, is made as This presentation contains information sourced from information as to the f
Slide 3: Vision: Create an ASX Listed Mid-tier Gold & Copper Producer
Vision: Create an ASX Listed Mid-tier Gold & Copper Producer Operating in the Asia-Pacific Led by an experienced and qualified management team with a proven track record for creating value by developing and operating gold mines For personal use only Two 100%-owned Gold Current Gold & Silver Large-sc
Slide 4: Investment Summary
Investment Summary For personal use only Misima Gold-Silver Project (100%) in PNG • DFS confirms potential for a large-scale, long-life, low-cost operation • Forecast gold production of ~2.4Moz open pit gold mine over 20-year mine life • Pre-tax Net Present Value (NPV) of A$956 million • LOM revenue
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only Current Directors & Management Share Price1 $0.09 Mick Wilkes Non-Executive Chairman 35+ years experience Shares on Issue 413.4M Andrew Corbett Managing Director 25+ years experience Market Capitalisation $37.2M Stuart Rechner Non-Executive Director 15+ years
Slide 6: Mineral Hill Overview
For personal use only Mineral Hill Overview Corporate Update | August 2022 6
Slide 7: Mineral Hill – An Attractive and Strategic Asset
Mineral Hill – An Attractive and Strategic Asset Established gold and copper mine in the Cobar Basin For personal use only Location 516km W of Sydney NSW in Cobar Basin Ownership 100%: 20 ML’s (4.85km2) & 2 EL’s (335km2) Reserves1 71,163 Au oz Resources1 469,217 Au equiv oz (38% Cu, 35% Au) 2 Orebod
Slide 8: Mineral Hill – Strategic Mine Plan
Mineral Hill – Strategic Mine Plan Multiple work programs underway to expedite mine production For personal use only • Strategy established to deliver initial five-year mine plan, underpinned by resource base growth, to deliver gold and copper production. • Resource updates for Pearse North, Pearse
Slide 9: Production & Development Plan
Production & Development Plan Aiming for new mine production from late 2023 For personal use only 2021 2022 2023 2024 2025+ Tailings production Pearse South/Pearse North SOZ underground Jacks Hut Parkers Hill / GD 140 Drilling Development Production • Focus on Pearse open pits and SOZ underground fo
Slide 10: Work Programs Underway to Restart Open Pit and Underground Mining
Work Programs Underway to Restart Open Pit and Underground Mining Reserve updates underway, mill refurbishment studies commenced For personal use only • Resource infill and extension drilling complete at Pearse open pits and SOZ underground. • Resource updates pending for Pearse open pits and SOZ un
Slide 11: Resource and Reserve Updates
Resource and Reserve Updates Mineral Hill’s brownfield nature provides an advanced Resource development pipeline For personal use only Pearse North and Pearse South: • Mineral Resource update for Pearse open pits nearing completion. • Pit optimisations planned to update Pearse North and Pearse South
Slide 12: Mineral Hill − Tailings Project
Mineral Hill − Tailings Project Significant progress since acquisition, delivering positive cash flow For personal use only • Tailings processing underway since September 2021. Gold sold (oz per month) 1,200 • Significant progress in a short period of time since 1,000 acquisition by Kingston in Janu
Slide 13: Outstanding Development Targets Included in Resource
Outstanding Development Targets Included in Resource No Resource Historic high-grade gold-copper results1 For personal use only 4 1 Jacks Hut Pearse North 49m @ 1.8% Cu, 0.8g/t Au, 3.3g/t Ag 15.6m @ 13.3g/t Au, 114g/t Ag 30m @ 1.1% Cu, 0.2g/t Au, 2.7g/t Ag 17m @ 4.5g/t Au, 8.7g/t Ag 1 6 28m @ 1.0% C
Slide 14: Diamond Drilling: Pearse South and Pearse North
Diamond Drilling: Pearse South and Pearse North High-grade gold hits from initial drilling at Pearse North For personal use only • Current drilling confirms the presence of mineralisation outside the historic Ore Reserve pit shell, set at US$1300/oz Au. • Significant high-grade gold results received
Slide 15: Diamond Drilling: Southern Ore Zone
Diamond Drilling: Southern Ore Zone (Cu-Au-Zn-Pb-Ag) Outstanding Copper and Gold drilling results at the SOZ underground For personal use only • Targeting re-establishment of mining at the SOZ underground, leveraging the existing decline development and infrastructure for low-cost restart • Extensiv
Slide 16: Diamond Drilling: Jack's Hut Copper and Gold
Diamond Drilling: Jack’s Hut Copper and Gold Shallow Copper and Gold hits from initial drilling at Jack’s Hut For personal use only • Jack’s Hut represents a prospective low cost, near-term copper production opportunity with potential to be incorporated into or extend the 5yr mine plan that is being
Slide 17: Regional Exploration Upside
Regional Exploration Upside Multiple new priority targets identified at Mineral Hill For personal use only Figure: EL1999 Mineral Exploration Licenses EL1999 and exploration map EL8334 represent a first-class exploration footprint in the Cobar Basin which hosts a number of gold and copper-gold occur
Slide 18: Misima Update
For personal use only Misima Update Corporate Update | July 2022 18
Slide 19: PNG − Home of World-Class Mines
PNG − Home of World-Class Mines 6 For personal use only Moz SIMBERI St Barbara 66 Moz LIHIR Newcrest Mining FRIEDA RIVER 17 Moz PanAust KAINANTU 24 PORGERA 2 K92 Mining 23 Moz PANGUNA Moz Barrick Gold Moz OK TEDI 27 Moz PNG Govt. WAFI-GOLPU 17 Morobe Mining JV Moz HIDDEN VALLEY 2 Harmony Gold WOODLA
Slide 20: Misima – Definitive Feasibility & Ore Reserve
Misima – Definitive Feasibility & Ore Reserve1 Large scale, long-life, low-cost open pit Gold and Silver Mine For personal use only 3.8Moz Gold 22.1Moz Silver 2.4Moz Resource Resource Production at AISC 1.73Moz Gold 4.1Moz Silver A$1,217/oz Ore Reserve Ore Reserve 20-year life of mine LOM Revenue $6
Slide 21: Misima Definitive Feasibility Site and Plant Layout
Misima Definitive Feasibility Site and Plant Layout Excellent infrastructure and proven accessibility For personal use only Misima Gold Project Site Layout Misima Gold Project Plant Layout Access to existing Misima Island infrastructure including roads, Simple layout, utilising previous plant locati
Slide 22: Misima ESIA and Approvals Update
Misima ESIA and Approvals Update For personal use only • Misima Gold Project Definitive Feasibility Study (DFS) complete • Environmental and Social Impact Assessment (ESIA) is nearing completion • Mining License (ML) and environmental applications will be submitted post ESIA conclusion • ICA Partner
Slide 23: 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 01 shareholder returns Mineral Hill delivers extensive Resource base, advanced 02 de
Slide 24: Appendix
For personal use only Appendix Corporate Update | August 2022 24
Slide 25: Disclaimer – Competent Person's Statement
Disclaimer Competent Person’s Statement - Mineral Resource Reported in Accordance with 2012 JORC Code – Mineral Hill The information in this report that relates to the reporting of the Mineral Hill Mine Mineral Resource Estimate is based on and fairly represents, information and supporting documenta
Slide 26: Mineral Hill − Resources by Classification
Mineral Hill Mine Mineral Hill − Resources by Classification For personal use only Reserves Resource by Classification Kt Deposit Kt Au (g/t) Ag (g/t) Au (Koz) Ag (Koz) Measured 12% 698 Gold equivalent resource by commodity TSF 1,810 1.13 43 Indicated 77% 4,542 Pearse South 83 5.12 85 14 227 Inferre
Slide 27: Mineral Hill Mine – Resources & Reserves
Mineral Hill Mine – Resources & Reserves Attractive commodity base with significant growth potential For personal use only Total Reserve Inventory Proved Probable Measured Resource Inventory Au Ag Au Ag Au Ag Au Ag Au Ag Au Ag Au Ag Cu Pb Zn Au Ag Cu Pb Zn Deposit kt (g/t) (g/t) (koz) (koz) kt (g/t)
Slide 28: Au Equivalent Calculation Metrics
Mineral Hill Mine – Resources & Reserves Au Equivalent Calculation Metrics For personal use only • Au Eq conversion factors are calculated by dividing price/unit for each commodity (Ag/oz, Cu/t, Gold Equivalent Formula: Pb/t, Zn/t) by the price/oz of gold. Au Eq = ((Au Oz * r) + (0.014 * Ag Oz * r)
Slide 29: Environmental and social licence to operate
Mineral Hill Mine 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 place • Environm
Slide 30: 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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