Kingston Resources : Annual Report to Shareholders

About this update from Kingston Resources Ltd.

Annual Financial Report 2024/25 https://www.kingstonresources.com.au ABN 44 009 148 529 CONTENTS Corporate Directory 3 Chairman's Letter 5 Directors' Report 6 Lead Auditor's Independence Declaration 40 Consolidated Statement of Financial Position 41 Consolidated Statement of Profit or Loss and Other Comprehensive Income 42 Consolidated Statement of Changes in Equity 43 Consolidated Statement of Cash Flows 44 Notes to the Financial Statements 45 Directors' Declaration 76 Independent Auditor's Report 77 Corporate Governance Statement 81 Additional Information 82 CORPORATE DIRECTORY DIRECTORS Mick Wilkes (B Eng (Hons), MBA, GAICD) Non-Executive Chairman Andrew Corbett (B Eng (Mining, Hons), MBA) Managing Director Anthony Wehby Non-Executive Director Stuart Rechner (BSc, LLB, MAIG, MAusIMM, FAICD) Non-Executive Director COMPANY SECRETARY Vinod Manikandan REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS Suite 202-201 Miller Street North Sydney NSW 2060 AUSTRALIA Telephone (02) 8021 7492 Email [email protected] Website https://www.kingstonresources.com.au AUDITORS Hall Chadwick (NSW) SHARE REGISTRY Automic Group BANKERS Australia & New Zealand Banking Group Limited Macquarie Group Limited Bank of South Pacific SOLICITORS Ashurst Cowell Clarke Commercial Lawyers Resources Legal Pty Ltd STOCK EXCHANGE Australian Securities Exchange (ASX) Secondary Listing - Frankfurt Stock Exchange ASX CODE KSN First gold ore from the Pearse pits was mined in June 2024 and processing through the newly refurbished crusher and mills commenced in July 2024. CHAIRMAN'S LETTER To our valued shareholders and other stakeholders, Welcome to the Annual Report for 2025. Financial year 2025 has been a truly transformative year for Kingston. Wg succgssfully transitiongd from tailings retreatment to full-scale open pit mining at Mineral Hill, achieving commercial production and generating strong cash flows. Our rgfurbishgd procgssing plant performed above expectations, and we commgncgd flotation procgssing for sulphidg org in quartgr four of thg ffinancial ygar. The sale of the Misima Gold Project for $95 million, completed shortly after the end of the financial year, was an outstanding result, and marked a significant milestone for the Company. This transaction significantly strengthened our financial position enabling us to retire all debt following the financial year-end. The sale to OK Tedi Mining, which is a PNG Company and a natural owner of the mine, is testament to the quality of the work done by the Kingston team in advancing this project toward production. This successful transaction now positions Kingston to focus on expanding our Australian operations and pursuing strategic growth opportunities in both gold and copper. We are very proud of our team's achievements and the value created for shareholders. Our strategy of owner-operated activities as much as possible, continues to deliver benefits to both Kingston and the communities in which we operate. Thank you again for your continued support for Kingston. Yours sincerely, Mick Wilkes Non-Executive Chair 29 August 2025 DIRECTOR'S REPORT PRINCIPLE ACTIVITIES The Company is an Australian based Company listed on the ASX. The principal activity of the Group during the period was mineral production and exploration. The Directors present their report together with the financial statements of the Consolidated Entity (or 'Group'), being Kingston Resources Limited ('Kingston" or the "Company') and its subsidiaries, for the financial year ended 30 June 2025 and the independent auditor's report thereon. OPERATING RESULTS AND REVIEW OF OPERATIONS FOR THE YEAR OPERATING RESULTS Kingston reported a statutory after tax loss of $2,473,877 (2024: $720,353). REVIEW OF OPERATIONS Kingston achieved numerous operational milestones during the year, many of them revolving around the return to conventional hard rock mining. Mining operations transitioned from the retreatment of historical gold bearing tailings to the commencement of open pit mining at Pearse North. Additionally, the processing plant received a comprehensive refurbishment to enable the processing of oxide ore from the open pits. Major components of this project included the reinstatement of the crushing and grinding circuits and the reconditioning of the fine ore bins. The proportion of oxide ore exceeded initial estimates and this maintained high gold recoveries and payabilities as ore was treatable solely with the carbon-in-leach circuit (CIL) and sold to ABC Refineries as dore bars. As the proportion of sulphide ore became dominant in the June quarter, the flotation circuit was commissioned and initial gold concentrate was sold at the end of the year. Preparations for underground mining were also undertaken during the year and this comprised of water pumping, refurbishment of the development ground support, reestablishment of services and subsequent underground resource development drilling. The aim of drilling was to provide additional sample data for the stopes planned to be mined in the first 12 months of underground mining. The sale of Kingston's 100% owned Misima Gold Project during the year was another key highlight. The Company engaged Argonaut PCF as financial advisor in November 2024 and invited over 100 participants to partake in a formal sale process for the asset. The transaction was announced to the ASX on 20 May 2025 with a total Transaction consideration of $95 million dollars. The initial $50M cash component of the transaction was paid to Kingston on 11 July 2025. The $15 million dollars of debt held by Kingston was paid back on 8 August 2025. Kingston is now in the enviable position of being debt free and having a significantly strengthened balance sheet to pursue its strategy of growing gold and copper production in Australia. Figure 1: Pearse North open pit as of 1 July 2025, looking north. MINERAL HILL MINE OPEN PIT MINING AND PROCESSING Open pit mining operations at Mineral Hill were ramped up to full capacity during the half-year to 31 December 2024. Ore mining was centred on Pearse North, while Pearse South entailed the stripping of waste on the northern wall. Crushing and grinding rates increased rapidly to be running consistently at 50 tonnes per hour, 20% above the original plant design. Weekly gold and silver dore sales were established as early as September 2024. Early fragmentation and haulage issues were addressed in the first half, leading to 36% and 58% increases in ore and waste movement respectively between Q1 and Q2. Gold output rose 78% over the two quarters and gold sales for the half totalled 5,201oz. After the initial waste stripping at Pearse North, commercial production was announced on 1 October 2025, allowing for the statement of an all-in-sustaining cost (AISC) of A$2,814/oz for the second quarter. In Q3 FY25 the exposed ore at Pearse North continued to grow allowing for increased production rates. Open-pit ore mined rose to 95kt, a 56% quarter-on-quarter increase, while ore processed increased to 89kt at a head grade of 1.84 g/t. Waste movement was 557kt and gold recovery averaged 76%. Gold production in Q3 reached 4,029oz with 3,960oz sold at an average gold price of A$4,591/oz. Table 1: Mining and processing summary for FY25. Physical Summary Unit Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Full Year FY25 Waste Mined t 413,600 654,080 557,351 607,112 2,232,143 Ore Mined t 45,136 61,201 95,290 77,917 279,544 Ore Processed t 43,269 73,717 89,051 73,361 279,398 Head Grade g/t 1.88 1.56 1.84 1.95 1.80 Processing Recovery % 89% 89% 76% 61% 77% Gold Produced oz 1,868 3,333 4,029 2,830 12,060 Gold Sales oz 1,680 3,261 3,960 2,637 11,538 Silver Sales oz 11,551 22,862 22,021 15,247 71,681 Average Gold Price $/oz 3,777 4,101 4,591 5,124 4,456 AISC $/oz NA* 2,814 2,851 3,759 3,080 * All costs and revenue were capitalised in Q1. Commercial production declared in Q2. flotation processing Mining progressed deeper into the sulphide zone of Pearse North during Q4 and this allowed for the full transition to flotation processing and concentrate production. Ore mining totalled 77kt at 1.92 g/t and waste moved increased to 607kt, a 9% rise on Q3. Ore mined for FY25 totalled 279kt @ 1.80g/t for 12,060oz produced. Gold was recovered solely through the carbon-in-leach (CIL) circuit during the first half and recoveries averaged 89%, exceeding the initial forecast of 85%. The processing flow-sheet transitioned to a flotation-first, CIL-tail configuration in Q4. Ore throughput was moderated in the last quarter as the float circuit was commissioned. This resulted in a decreased gold output for the last quarter as concentrate production commenced. Processing throughput has increased back to 45tph as of the first quarter of FY26. Gold sold in FY25 totalled 11,538oz at an average realised price of $4,456/oz. Total gross revenue from metal sales was $55 million dollars. Figure 2: Mineral Hill flotation procgssing UNDERGROUND ORE RESERVE AND LOM UPDATE In September 2024 Kingston released a maiden underground Ore Reserve for the Southern Ore Zone and extended the life-of-mine (LOM) plan for Mineral Hill to six years. The revised production target incorporates open-pit and underground Ore Reserves plus a portion of Inferred Mineral Resources. Open-pit mining will continue to the end of FY26 and underground mining is forecast through to 2031. The total production target is forecast to mine 2.2Mt to deliver payable production of 207 koz gold-equivalent metal-85% of which is expected to be gold and copper. The Underground Ore Reserve estimate is shown in Table 2. Table 2: Mineral Hill Mine Southern Ore Zone 30 June 2024 Probable Ore Reserves Estimated Grade Estimated Contained Metal Mt Copper % Lead % Zinc % Gold g/t Silver g/t Copper kt Lead kt Zinc kt Gold koz Silver Moz 0.7 0.8 1.9 1.6 1.4 20 5.5 13 11 30 0.45 EXPLORATION AND DEVELOPMENT Underground diamond drilling re-commenced in Q3 FY25 to infill and extend Southern Ore Zone (SOZ) lodes. The high-grade G and H Lodes of the SOZ were the key targets as well as the footwall lodes in A Lode. The assay results were released to the ASX in two announcements during the year (see announcements on 3 June 2025 and 23 July 2025) with key highlights including: 12.15m @ 30.80g/t Au, 1.39% Cu from 58.65m ( KSNDDH032 ) 8.1m @ 3.69g/t Au, 0.85% Cu from 65.9m ( KSNDDH026 ) 2m @ 8.57g/t Au, 0.25% Cu from 149.7m ( KSNDDH026 ) 4.0m @ 12.89g/t Au, 5.05g/t Ag and 0.73% Cu from 86m ( KSNDDH034 ) Incl. 1.0m @ 48.8g/t Au, 12.6g/t Ag and 2.05% Cu from 89m ( KSNDDH034 ) 14m @ 19.35g/t Au, 3.07g/t Ag and 0.79% Cu from 113m ( KSNDDH041 ) 6.36m @ 1.64g/t Au, 3.1g/t Ag and 1.44% Cu from 64m ( KSNDDH040 ) The results from drill hole KSNDDH032 were the initial confirmation of a planned high-grade gold/copper stope in G Lode. The subsequent announcement on 23 July 2025 confirmed the results from KSNDDH032, with results in KSNDDH034, 36, 39 and 40 all reinforcing the location and tenor of the mineralisation in this lode. The drill holes targeting the A Lode mineralisation showed a potential northern extension to the Mineral Resource interpretations. Similarly, deeper drilling into the footwall of the G and H Lodes has indicated potential extensions of high-grade mineralisation at depth. DIRECTOR'S REPORT KINGSTON RESOURCES LIMITED & ITS CONTROLLED ENTITIES Figure 3: Plan view of the SOZ assay results. Figure 4: Cross section at 500mN (local grid) showing G-Lode (yellow), high grade gold in KSNDDH041 and potential new mineralised zones in the footwall (pink). 10 DIRECTOR'S REPORT KINGSTON RESOURCES LIMITED & ITS CONTROLLED ENTITIES MISIMA SALE AND COMPLETION On 20 November 2025, Kingston appointed Argonaut PCF Limited as financial adviser to run a formal sale process for the Misima Gold Project. Invitations were given to numerous global companies to participate in the process, which culminated in a binding agreement to sell the Project to Ok Tedi Mining Limited on 20 May 2025 for a total consideration of $95 million, comprising: $50 million payable on completion; $10 million payable 12 months post completion; $10 million payable on Final Investment Decision to develop Misima; and 0.5% Gross Revenue Royalty on all gold production from Misima after 500koz of gold has been produced with Ok Tedi having a royalty buy-back right for $25 million. The Transaction was subject to approval from the Independent Consumer & Competition Commission of Papua New Guinea (ICCC) and no adverse material change to the renewal of exploration licence EL 1747. ICCC approval was received on 3 July 2025 and the first $50 million dollars was paid to Kingston on 11 July 2025. Prior to the full divestment of Misima, Kingston completed a comprehensive round of environmental monitoring for the Misima Project. This included sampling of village drinking water, surface stream water and sediments, as well as CTD (Conductivity, Temperature, Depth) profiling, to provide valuable information to our communities. Two creeks recorded slightly elevated mercury levels, a possible result of alluvial mining activity. As part of our community engagement efforts, Kingston hosted Mining Warden Mr Asi Sando, who met with local communities to discuss the renewal of the Exploration Licence (EL). Three village meetings were held within the EL area all of which were well attended and received positively, and we gathered some valuable feedback from the community representatives. Following this, several information sessions were conducted within the EL to explain the different types of licences and the process for obtaining them. These sessions were also well received by the community. $50m $50 million payable on completion $10m $10 million payable 12 months post completion $10m $10 million payable on Final Investment Decision to develop Misima 0.5% 0.5% Gross Revenue Royalty on all gold production from Misima after 500koz of gold has been produced with Ok Tedi having a royalty buy-back right for $25 million. MINERAL RESOURCES TABLE MINERAL HILL (NSW, AUSTRALIA) Table 3: Mineral Hill Mineral Resource summary, prepared by Mr S. Hayward of Kingston Resources Ltd. Rounding errors may occur. Resource Tonnes Au Ag Cu Pb Zn Au Ag Cu Pb Zn Category kt g/t g/t % % % koz koz kt kt kt Measured 233 2.01 11 1.2% 0.5% 0.4% 15 81 3 1.2 0.8 Indicated 4,501 1.13 29 1.1% 1.9% 1.1% 164 4,556 47 77 46 Inferred 3,020 1.81 18 0.9% 0.9% 0.7% 175 1,727 25 26 20 Total 7,755 1.42 26 1.0% 1.4% 0.9% 354 6,364 75 104 67 Table 4: Mineral Hill Mineral Reserve summary, prepared by Mr J. Wyche of Australian Mine Design and Development Pty Ltd. Rounding errors may occur. Reserve Tonnes Au Ag Cu Pb Zn Au Ag Cu Pb Zn kt g/t g/t % % % koz koz kt kt kt Proved - - - - - Probable 1,100 2.2 31 0.8% 1.9% 1.6% 74 1,087 5.5 13 11 Total 1,100 2.2 31 0.8% 1.9% 1.6% 74 1,087 5.5 13 11 MISIMA GOLD PROJECT (PNG) Table 5: Misima Gold Project Mineral Resource summary, prepared by Mr S. Hayward of Kingston Resources Ltd. Rounding errors may occur. Deposit Cutoff Tonnes Gold Classiffication g/t Au Mt g/t Au Silver g/t Ag Au Moz Ag Moz Umuna Total Indicated 0.3 93.5 0.78 4.3 2.4 13.1 Resource Inferred 0.3 64.1 0.58 3.8 1.2 7.5 Umuna TOTAL 157.6 0.70 4.1 3.6 20.5 Cooktown Stockpile Inferred 0.5 3.8 0.65 7.0 0.1 0.9 Cooktown Stockpile 3.8 0.65 7.0 0.1 0.9 Ewatinona Total Indicated 0.3 4.2 0.88 2.6 0.12 0.3 Resource Inferred 0.3 3.4 0.74 3.2 0.08 0.3 Ewatinona TOTAL 7.6 0.81 2.8 0.2 0.7 Misima Indicated Inferred 97.7 71.3 0.79 0.59 4.3 3.8 2.5 1.4 13.4 8.7 Misima TOTAL 169 0.71 4.1 3.9 22.1 Table 6: Misima Gold Project Ore Reserve summary, prepared by Mr J. Wyche of Australian Mine Design and Development Pty Ltd. Rounding errors may occur. Tonnes Gold Silver Mt g/t Au g/t Ag Au Moz Ag Moz Ewatinona Probable 3.9 0.8 2.4 100 300 Ewatinona TOTAL 3.9 0.8 2.4 100 300 Umuna Probable 71.7 0.8 4.6 1,800 10,600 Umuna TOTAL 71.7 0.8 4.6 1,800 10,600 Misima Probable 75.6 0.8 4.5 1,900 10,900 Misima TOTAL Reserve 75.6 0.8 4.5 1,900 10,900 COMPETENT PERSON'S STATEMENT The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr. Stuart Hayward BAppSc (Geology) MAIG, a Competent Person who is a member of the Australian Institute of Geoscientists. Mr. Hayward is an employee of the Company. Mr. Hayward has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Hayward consents to the inclusion in this report of the matters based upon the information in the form and context in which it appears. The Competent Person signing off on the overall Ore Reserves Estimate is Mr John Wyche BE (Min Hon), of Australian Mine Design and Development Pty Ltd, who is a Fellow of the Australasian Institute of Mining and Metallurgy and who has sufficient relevant experience in operations and consulting for open pit metalliferous mines. Mr Wyche consents to the inclusion in this report of the matters based upon the information in the form and context in which it appears. Kingston publicly reports Exploration Results and Mineral Resource estimates in accordance with the ASX Listing Rules and the requirements and guidelines of the 2012 edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves - the JORC Code. Kingston's governance for public reporting of Exploration Results and Mineral Resource estimates includes important assurance measures. All reports are signed-off by appropriate JORC Competent Persons with JORC Code Table 1 Checklists as required. Exploration Results and Mineral Resource estimates are also peer reviewed (either by Kingston technical staff or suitably qualified external consultants) before Board approval and ASX release. BUSINESS RISKS As part of the Operating and Financial Review, the Group has identified material business risks that could impact its financial performance, position, and future prospects. These risks are actively monitored by management and the Board, with mitigation strategies in place where possible. The key business risks are outlined below: Risk Overview Mitigation Strategies Mineral Resources and Ore Reserves Risk of a material variation to Mineral Resource and Ore Reserve estimates due to technical or financial changes. Ongoing resource development and grade control drilling, Scheduling higher confidence material in the near term mine plan. Production and Cost Estimates Risk of a material variation to Mineral Resource and Ore Reserve estimates due to technical or financial changes. Operating the business as an owner-operator, thereby having more direct control on adherence to forecasts and managing capital and operating costs. Geological and Geotechnical Unforeseen geological and geotechnical difficulties may be encountered that require additional operating or capital costs to remediate. Engage a geotechnical engineer to complete analysis and advise on all engineering designs, ground support and mine scheduling work. Permits and Approvals Risks Scheduling delays resulting from the requirement to comply with regulatory approvals. Manage regulatory risk with ongoing long-term planning and project management to ensure adequate time allowances are made. Occupational Health and Safety Adverse impact from potential workplace safety incidents. Comprehensive safety management system, regular hazard/incident reporting and the employment of full-time safety officers. Land Access (Including Native Title) Delays related to land access issues arising from native title or landholder disputes. Ongoing open dialogue with all native title claimants and landholders, negotiating mutually beneficial arrangements. FY 2025 Sustainability Report (Unaudited) Sunrise at Mineral Hill Processing Plant FROM OUR CHAIR KEY HIGHLIGHTS 45% reduction in Total Recordable Injury Frequency Rate (TRIFR) 14% growth in local employment $4.89M spent with local Condobolin businesses and organisations and $14.39M in Central West NSW Completion of Women in Business Program for Misima community Supporting our local communities through sponsorship and donations Kingston Resources Limited (KSN) is proud to present the 2nd annual Sustainability Report that discloses our Environmental, Social, and Governance (ESG) performance, and the progress we have made throughout FY 2025. This Sustainability Report aims to provide a detailed understanding of our journey, in particular our progress in FY25, and commitment to the sustainable future for our business, people, and local communities. I am pleased to report continued progress in our sustainability agenda. Sustainability remains integral to our business. As we mature, we are integrating sustainability into all aspects of our business to guide how we operate. We are motivated to create long-term value, delivering positive impacts for our stakeholders. We take pride in fostering trusted partnerships that enable safe, reliable and sustainable operations. We diligently consider all relevant risks and opportunities in our operations and continue to look for opportunities to enhance transparency on topics material to our business. We hold fast to our values of safety, respect for the environment, mutual respect, social responsibility, honesty and accountability as core to delivering our long-term strategic goals. We are confident this Report is accurate, balanced, and provides the level of accountability and transparency that we continually strive for. On behalf of the Board, I would like to thank everyone who has contributed to the progress we have made in creating a sustainable future for our business. Our business looks forward to meeting future challenges, knowing we have created an excellent platform for a long-term sustainable future. Your faithfully, Mick Wilkes Chair of the Board and Chair of Sustainability Committee GOVERNANCE Figure 5: Board visit to site SETTING PURPOSE We remain committed to achieving our environmental, social and governance (ESG) objectives and targets in a progressive, sustainable, and respectful manner. In pursuing our goals, Kingston manages its business and make decisions aligned with the following core values: Safety Respect for the environment Mutual respect Social responsibility Honesty Accountability Kingston's Board of Directors ("the Board") provides overall strategic guidance and establishes solid foundations for effective oversight of management and business activities. The Board's authority stems from the Company's Constitution, with its responsibilities outlined in the Board Charter. Our strong corporate governance structure adheres to the principles and recommendations of the Australian Securities Exchange (ASX) Listing Rules and the Australian Corporations Act. Details of the Company's governance structure are available in the Corporate Governance Policy found on our website. Our Board comprises four directors, with three being independent and non-executive. See Also: Statement of Values This composition ensures robust oversight of management and an objective governance structure. The following committees support the Board: Audit and Risk Remuneration and Nomination Sustainability The Board of Directors retains ultimate responsibility and accountability for our Sustainability Strategy, priorities and performance. The Board is also the body that formally reviews and approves our Sustainability Report. The Board is structured to ensure that the Directors' skills and experience align with our goals and strategic direction. We publish a Board Skills Matrix in our annual Corporate Governance Statement, which we review annually to ensure the appropriate mix of skills and expertise. Additional workshops and discussions are facilitated to update the Board on material matters, particularly on emerging risks. An example of this is the biannual site visits wherein the Board demonstrate visible leadership, experience and validate risk management and verification activities, bringing the Risk Register to life through direct interactions with our people. The functions and responsibilities for the Board and each Committee are set out in the respective Charters. Information on Board members and Charters is available to view in the Corporate Governance section of our website: Corporate Governance - Kingston Resources Limited . We acknowledge the importance of gender diversity on our Board. At present, our Board is all-male. While we have a Diversity Policy disclosed on our website, we have not yet set measurable objectives for achieving gender diversity, given the Company's stage of development and employee count. We are committed to reviewing our diversity policy, and the Board continues to monitor diversity across the organisation. MATERIAL ISSUES IMPACTING STAKEHOLDERS Kingston Resources prioritises the identification and ongoing consultation of stakeholders in our work. We understand the importance of addressing the impacts of our decisions on a broad range of stakeholders. Our commitment involves a comprehensive approach to stakeholder mapping, consultation, analysis, feedback, and ongoing engagement. Kingston has identified the following groups as key stakeholders and engages with them regularly to understand the issues they consider important. Shareholders We communicate with shareholders through ASX releases, email distribution, social media accounts and other distribution channels that cover news. We've retained a professional investor relations firm to ensure regular, high-quality information is released regularly. We're committed to timely, balanced disclosures of material price sensitive information to the market and our shareholders. Our Continuous Disclosure and Communications Policy is provided in the links below. Employees As integral stakeholders who share our values and contribute to the Company's success, we schedule regular meetings with all employees to provide updates on activities and progress. Board members and key executives conduct regular site visits to review and participate in site activities. Government Agencies Kingston engages with government agencies at various levels in the jurisdictions in which we operate (NSW and Papua New Guinea) regarding compliance, licence to operate, mining approvals, mining leases, exploration tenements and safety regulations. See Also: Board Biographies Corporate Governance Policy Diversity Policy Corporate Governance Statement Community, Landowners and Traditional Owners Kingston engages with the wider community in many ways. Our Mineral Hill management team maintains regular contact with Landowners and Traditional Owners with regards to current company activities. We strive to build strong, positive relationships and Landowner and Traditional Owner agreements are undertaken with all Landowners. In PNG, stakeholder mapping is an important component of our mine development proposal to the Mineral Resources Authority. We conducted a Landowner Identification Study at the Misima Gold Project to identify landowners within the mining tenements. This study is an essential part of ensuring that benefits accrue to all stakeholders, including landowners and communities on Misima and other regional stakeholders. As part of the Environmental and Social Impact Assessment (ESIA), Kingston has developed a Stakeholder Engagement Strategy for the Misima project in line with PNG legislative requirements. OPERATING WITH INTEGRITY Kingston Resources is committed to upholding the highest corporate standards and does not tolerate unethical or unprofessional behaviour, including bribery and corruption. The Company adheres to a Code of Conduct that establishes appropriate standards for directors, officers, employees and contractors of the Company. All Kingston representatives are expected to act with integrity and objectivity, consistently striving to enhance the Company's reputation. As a Company operating in multiple jurisdictions, having the policies and systems to ensure all entities of the business are acting ethically is critical. Kingston's Anti-Bribery and Corruption Policy offers clear guidance on identifying bribery or corruption, how to act in response to potential instances, as well as outlining the company's investigative process. Anti-corruption and anti-bribery training is conducted annually and during induction process for new employees. The policy forms an integral part of employee onboarding documentation. As of this report, there have been zero reported or suspected corruption or bribery related incidents. See Also: Continuous Disclosure and Communication Policy See Also: Anti-Bribery and Corruption Policy Code of Conduct Figure 6: Landowner Women in Business Program participants celebrate the completion of their Financial Literacy Training. INTEGRATING RISK AND OPPORTUNITY INTO BUSINESS PROCESS Kingston has established a robust risk management system which is overseen by the Audit and Risk Management Committee. The Board established this committee to guide and implement policies and procedures for oversight and management of material business risks. The Committee is governed by the Audit and Risk Management Committee Charter, available on the Company website. Key operational risks and their management are recurring agenda items at both Audit and Risk Management Committee and Board meetings, ensuring sufficient oversight. The Committee also considers the Company's exposure to contemporary and emerging (non-traditional) risks, such as conduct risk, digital disruption, cyber-security, privacy and data breaches, sustainability and climate change risks. Annually, the Audit and Risk Management Committee reviews the effectiveness of risk management and internal compliance and control measures. While the Company's current operations are deemed as low to moderate environmental and social risks, we acknowledge that, like most exploration and mining operations, our activities are expected to have an impact on the environment. Kingston conducts its activities to the highest environmental standards, fully complying with all environmental laws and regulations. In relation to social risks, the Company maintains open communication with the communities surrounding our proposed operations and exploration activities to minimise any foreseeable negative impacts on those communities and to promote socio-economic benefits. MECHANISMS TO PROTECT ETHICAL BEHAVIOUR Kingston Resources is committed to upholding the highest standards of ethical behaviour across all aspects of our business. To support this commitment, we have implemented robust mechanisms to protect ethical behaviour, including a comprehensive Whistleblower Policy, clear reporting channels for unethical behaviour, and accessible resources for seeking advice on ethical issues. The Company and its representatives are required to conduct themselves in line with the Company's Code of Conduct and embody the Company values in all business activities. Our Whistleblower Policy encourages and protects individuals who report unethical, illegal, or improper conduct. The policy outlines the reporting process, protections available to whistleblowers, and the Company's responsibilities in addressing reported concerns. The Whistleblower Policy is available on our website and is included as part of employee onboarding. See Also: Whistleblower Policy See Also: Corporate Governance Statement Audit and Risk Management Committee Charter PLANET GREENHOUSE GAS EMISSIONS (GHG) Kingston Resources recognises the importance of assessing our greenhouse gas (GHG) emissions to understand and mitigate our impact on climate change. As part of our commitment to environmental stewardship, we have commenced GHG emissions reporting at the Mineral Hill operation. Presently, we have not commenced GHG emissions reporting for the Misima Gold Project due to the small footprint of our current operations. At Mineral Hill, we have calculated the carbon dioxide (CO2) emissions associated with our diesel consumption and electricity usage. These emissions are a significant component of our overall GHG footprint and are crucial to our environmental impact reporting. The calculations were performed using the National Greenhouse and Energy Reporting (NGER) online calculator, a recognised tool for estimating emissions in accordance with national standards. Breakdown of CO2 emissions at the Mineral Hill site for FY25: Purchased Electricity: 13,673,830 kWh Total scope 2 emissions (t CO2-e) 9,298 Transport Fuel Combustion: 3036 kL Total scope 1 emissions (t CO2-e) 8,251 Total Site Emissions: Combined emissions: 17,549t CO2-e By measuring and reporting these carbon dioxide emissions, we strive to increase transparency and take proactive steps to reduce our environmental impact. We plan to update these figures annually and are considering expanding the scope of our calculations to encompass our other projects. LAND USE AND KEY BIODIVERSITY AREAS Kingston Resources prides itself on operating consistently with our values, including 'Respect for the environment'. We promote ongoing care and protection of the environment and are fully aware of the potential environmental risks and impacts associated with exploration and mining activities. The Company is committed to managing its activities in an environmentally responsible manner and has adopted a Health, Safety and Environmental Policy that sets out the objectives for minimising environmental impact. The mineral tenements granted to the Company pursuant to New South Wales Mining Act 1992 and the Papua New Guinea Mining Act 1992, are granted subject to various conditions which include standard environmental requirements. The Company adheres to these conditions and the directors are not aware of any non-compliance with environmental laws. Kingston believes that its operations are exposed to a low to moderate level of environmental risks. To mitigate these risks, experienced employees and reputable consultants with local knowledge are engaged to plan and manage exploration activities, obtain external approvals, and complete management and statutory reporting. Environmental and social protocols are also communicated to employees and contractors. The Company carefully monitors and assesses all environmental risks within all its operations such as rehabilitation, monitoring, pollution, wildlife etc. At Kingston's Mineral Hill project in NSW, an active Operational Environmental Management Plan has been completed and it identifies the environmental management areas, monitoring, compliance, reporting, emergency response, amongst other things. Additionally, the Company has implemented a Pollution Incident Response Management Plan, which outlines the risk and control measures for managing pollution incidents at Mineral Hill. These plans are reviewed on an annual basis or where there is a significant change. At Misima Gold Project in PNG, we've completed an Environmental and Social Impact Assessment (ESIA) and continue to conduct ongoing environmental monitoring to avoid, minimise, or rehabilitate environmental damage or impact. Key environmental areas addressed by the ESIA include biodiversity and ecosystem services, water resources, soil and land use, air quality and waste management. WATER CONSUMPTION Water management is crucial in our commitment to environmental respect. We recognise the importance of carefully managing this resource across our projects. Figure 7: Aerial view of Mineral Hill mine site. In PNG, Kingston completed an Environmental and Social Impact (ESIA), evaluating its impact on water resources at Misima. The ESIA analysed water quality, hydrology, impacts on surface and groundwater systems, and outlined strategies for water management, including prevention of contamination and sustainable water use. In Australia, Mineral Hill operates as a zero-discharge site. No mine influenced water is discharged, instead being retained on site for mining purposes. The site is located in a hot dry climate, with an annual average rainfall of 434mm and an average evaporation rate of 1995mm, the site maintains a strong negative water balance. Site water requirements are primarily met by a bore licence for 630ML with on average <250ML being drawn per year for industrial site uses. Potable water is trucked to site from Condobolin. Average potable water consumption is 200,000L per month. Potable water is used exclusively for office and ablution blocks. Water extracted from the bore licence and water captured as incidental rainfall around the processing facilities is stored in the 240ML Raw Water Dam on site for later use for processing and mining with a Reverse Osmosis (RO) plant in operation to treat water captured on site. Any excess water is directed to the two site evaporation ponds for on-site storage and evaporation. PEOPLE HEALTH AND SAFETY Kingston Resources has on-site operations in Australia and PNG in environments that can be high risk, and therefore health and safety of our people and communities is a primary objective and is a Company core value. High standards of health and safety management will be integrated into all its activities to strive to protect human health, including employees, customers and the general community. Safe working practices and a culture of safety first is a key feature of Kingston's operating principles. The Mineral Hill Safety Management System (SMS) has been developed to support Mineral Hill in meeting its due diligence and duty of care obligations. The objective of this management plan is to: Define the commitment of the Persons Conducting a Business or Undertaking (PCBU) to creating and maintaining a safe work environment in consultation with the workforce. Outlining the structure of the Safety Management System and the ways in which it aligns with ISO 45001 Occupational Health and Safety Management Systems, and Defining the risk-based approach Mineral Hill will take in identifying, mitigating, and consulting in relation to principal hazards and other hazards that form a part of work on site. A Work Health and Safety (WHS) Policy has been developed that clearly states overall health and safety objectives and demonstrates commitment to improving health and safety performance. Mineral Hill Mine believes that all injuries are preventable and that caring for our people is an integral and vital part of doing business. The WHS Policy is reviewed annually for continual improvement of health and safety performance. Employee Assistance Program (EAP) services are available for Australian based employees. The Company conducts quarterly blood lead level testing as part of its hygiene monitoring program as well as testing for Respirable Crystalline Silica (RCS) exceedances for Mineral Hill employees. At the Misima Project in PNG, Kingston supports the local hospital with donations of supplies and equipment. Kingston's safety reporting is both forward facing, looking at trends in leading indicators and retrospective tracking of our TRIFR. Mineral Hill TRIFR as at June 2025 is 1.5. See Also: Health Safety and Environmental Policy TRAINING PROVIDED Kingston Resources recognises the vital role that training and development play in the growth and success of our organisation. We are committed to providing comprehensive training programs that enhance the skills, knowledge, and competencies of our employees, ensuring they are well-equipped to meet the demands of our projects. At Mineral Hill we maintain a Training Needs Analysis for each role on site and track competency achievement through our training platform People Tray. Operational skills are competency based. All employees at Mineral Hill have the opportunity to undertake a nationally recognised qualification. Employees have completed or are currently enrolled in: Certificate III in Resources Processing Certificate III in Surface Extraction Certificate IV in Leadership & Management Certificate IV in Work Health and Safety Diploma Surface Operations Management Our Emergency Response Team (ERT) has been formed and a significant amount of training has been undertaken in advanced first aid, fire team operations, open circuit breathing apparatus, vehicle rescue and the use and maintenance of emergency equipment. A site Emergency Drill was successfully conducted during the year. At Mineral Hill employees undertake annual first aid training as well as other high risk activity licencing such as confined space entry, forklift, crane operations, rigging & dogging, working at heights. The Misima Gold Project Employment, Localisation and Training Plan (the Plan) outlines the principles, techniques and philosophy that Kingston will adopt for activities to: Ensure the development and operation of a mine that has a workforce consisting predominantly of PNG citizens. Ensure its employees have and can develop the required training and skills to work safely and efficiently. Develop a workforce that is committed to equal opportunity and reflects cultural and gender balance. DIVERSITY AND INCLUSION Kingston Resources is committed to workplace diversity at all levels. We recognise the benefits of recruiting, developing, and retaining a talented, diverse and motivated workforce from the widest pool of talent available. Our aim is to be an employer of choice. Diversity within the Company encompasses all aspects that make individuals unique, including, gender, ethnicity, religion, culture, language, disability, marital or family status, sexual orientation, gender identity, socio-economic background and age. It involves a commitment to equality and mutual respect. Kingston has adopted a Diversity Policy which aligns to the Company's values and outlines the Company's objectives on diversity and inclusion practices. The Board monitors diversity across the organisation. As the company has grown significantly over the past 12 months, we are considering implementing measurable objectives for gender diversity. At our Mineral Hill mine, our female participation rate of 17%. At our Misima site, 100% of the employees are from PNG with 92% being local to Misima Island including 14% female participation. Our General Manager People & Culture, Stephanie Gelland is the winner of the NSW Minerals Council award for Diversity and Inclusion Champion for 2025 announced in March. The Company actively supports programs such as mentoring and leadership development to attract and retain female employees in the mining industry. See Also: Diversity Policy Figure 8: ERT training with open circuit breathing apparatus. Figure 9: Stephanie pictured with Isha Isha and Rebecca Lv from the Kingston corporate offficg. PAY EQUALITY Kingston Resources is committed to ensuring fairness through the principle of equal pay for equal work within our organisation. We have not yet disclosed specific pay equality figures. The Board has established a Remuneration and Nomination Committee operating under a Board-approved mandate. The Remuneration and Nomination Committee Charter outlines the processes the Board follows for determining the level and composition of remuneration for directors and senior executives. This ensures that compensation is appropriate and not excessive. All operational roles in the mining and processing teams are paid the same hourly rate at each level regardless of gender. Progress through levels is based on attainment of skills. Outside of the mining and processing operators, we do not have more than one incumbent in any specific role and therefore difficult to gauge internal pay equality. Each year salaries are reviewed and benchmarked against industry data. See Also: Remuneration and Nomination Committee Charter WAGE LEVEL Kingston Resources acknowledges the importance of fair and competitive compensation to ensure the Company's longevity and attractiveness. Currently, we do not disclose specific wage level figures. The Remuneration and Nomination Committee Charter outlines the processes the Board follows for setting the level and composition of remuneration for directors and senior executives, ensuring that such compensation is appropriate and not excessive. Board remuneration is voted on and disclosed in the annual report. Kingston Resources pays competitively for all staff roles and these are benchmarked annually against industry data. Award based employees are paid on average 10% above the award wage for their classification. Each year wages are reviewed against the award and industry averages to ensure we maintain this advantage. CHILD, FORCED OR COMPULSORY LABOUR At Kingston Resources, we are unwavering in our commitment to combating modern slavery and forced labour. While we have not yet formalised dedicated policies or conducted specific risk assessments on modern slavery, we prioritise adherence to Australian regulatory obligations and uphold a strict zero-tolerance stance towards exploitation as outlined in our Code of Conduct. Operating primarily in Australia and Papua New Guinea (PNG), we recognise the varying degrees of risk associated with modern slavery in different regions. Despite the relatively low risk within our direct operations in Australia, we remain vigilant and proactive in identifying and addressing any potential risks within our supply chain, irrespective of geographic location. Our commitment extends to ensuring that all aspects of our operations, including those in PNG, are free from exploitation and forced labour. PROSPERITY RATE OF EMPLOYMENT At Kingston Resources, we understand the importance of transparency and accountability in our employment practices. We are committed to fostering a diverse and inclusive workforce, and we regularly monitor and disclose our employment rates, including new hires and employee turnover, to ensure we are meeting our goals. In Australia, the total number of new employees hired in FY25 was 78, taking our employee headcount to 214. Total employee turnover rate in FY25 was 18.69% - a decrease of 2.18% in Australia and 0% in PNG. Over the past 12 months, Kingston recruited 84 new employees. Among the newly hired staff: 12 identified as female, 72 identified as male. 30 were between the ages of 20 and 30, 22 were between the ages of 30 and 40, 17 were between the ages of 40 and 50, and 14 were over 50. During the same period, 40 employees concluded their employment with the Company. Among the departing staff: 8 identified as female, 32 identified as male. 13 were between the ages of 20 and 30, 8 were between the ages of 30 and 40, 9 were between the ages of 40 and 50, and 10 were over 50. In FY25 48 employees lived locally in Condobolin - an increase of 20%, 35 live within the central west NSW region - an increase of 250% and 49 lived elsewhere. Of the 34 employees at Misima, 3 are from the mainland (Alotau) and 31 are local Misiman people. TOTAL RESEARCH & DEVELOPMENT (R&D) EXPENSES Kingston is engaged in exploration and mining activities seeking to discover and develop major mineral deposits. To be successful it must be innovative and engage with the latest scientific methods, data and concepts which it does on an ongoing basis as documented in its internal monthly reports. All of our exploration activity could be considered to be 'R&D' however, currently Kingston does not undertake specific 'tax-deductible' R&D work. TOTAL TAX PAID Kingston Resources is committed to complying with all relevant tax laws and regulations in the countries where we operate. The Company does not engage in any tax plans on either its own behalf or in association with its employees. Taxes paid currently comprise various federal and state consumption taxes and duties, income tax from revenue as well as collecting PAYG Tax on behalf of its employees. The Company is up to date in its Tax Returns and payments which are included in the audited Annual Report and Quarterly Reports. See Also: Annual Report Quarterly Report ECONOMIC CONTRIBUTION The direct economic value generated and distributed, i.e. the financials statements of the Company is disclosed publicly on an annual and quarterly basis. For a full overview of financial information including revenue, operating costs, wages, etc., please refer to Kingston Resources' Annual Report for the year ended 30 June 2025. We endeavour to source labour, consumables, etc. from the local regions in which we operate. During FY25 Kingston spent $4.89M in Condobolin and $14.39M within the Central West region. Figure 10: Wiradjuri Condobolin Corporation Corporate Day. COMMUNITY INVESTMENT Kingston funds and delivers a Women in Business program for local women in Misima. The program was set up to aid women building their own businesses and provide them with the tools and training for success. The investment in local Misiman women empowerment programs is greatly appreciated by community leaders and women. Kingston also supports the local Misima hospital with donations of medical supplies and equipment. Figure 11: Condobolin Public School Breakfast Club. In NSW, Kingston Resources provides funding for a Breakfast Club program at the Condobolin Public School. This program provides children from low-income families with free, healthy breakfasts to increase attendance rates, health and better conditions for learning Kingston supports several local events and charities focused on the Condobolin and Lachlan Shire Communities. We collaborate with the local Wiradjuri Condobolin Corporation through attendance at corporate forums and providing employment opportunities for pre-employment program participants. FINANCIAL INVESTMENT CONTRIBUTION Please refer to Kingston Resources' Annual Report 2025 for comprehensive information on financial investment contributions including capital expenditures and investments. There is no current on-market buy back in place. There were no dividends paid or recommended during the financial year. See Also: Annual Report Quarterly Report FINANCIAL POSITION At the end of the financial year, the Consolidated Entity had net assets of $97,567,514 (2024: $90,781,524) and held $6,152,364 in cash (2024: $8,357,776). On 16 December 2024, the company issued 85,333,334 shares under a placement offer raising $6,400,000. On 22 January 2025, the Company issued 26,666,621 shares under a fully underwritten Share Purchase Plan, raising $2,000,000. The SPP was underwritten by Delphi Unternehmensberatung Akteingesellschaft, an existing major shareholder and sophisticated investor. Delphi subscribed for 10,540,080 shares to cover the shortfall. SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS Other than reported above in the Review of Results and Operations, there were no significant changes in the state of affairs of the Company during the reporting period. MATTERS SUBSEQUENT TO THE END OF FINANCIAL YEAR On 11 July 2025, Kingston Resources Limited completed the sale of its Misima Gold Project to Ok Tedi Mining Limited, receiving the initial cash consideration of $50 million. The proceeds were used to fully repay the $15 million debt facility with Pure Asset Management on 8 August 2025. The transaction significantly strengthens Kingston's balance sheet and supports its strategic focus on advancing the Mineral Hill project and pursuing further growth opportunities in Australia. On 1 August 2025, the Company issued 6,311,285 shares following the exercise of equal number of 31 July 2025 unlisted options, raising $883,580. 31,698,925 31 July 2025 unlisted options expired. On 1 August 2025, the Company issued 381,925 shares following exercise of FY25 service fee options. On 12 August 2025, 3,271,472 FY25 STI Performance Options and 2,909,427 FY23 LTI Options vested and were converted to non-transferable ZEPOs. All the vested STI and LTI ZEPOs have an expiry date of 31 August 2028. 1,348,478 unvested FY23 LTI options expired. Other than the above, there has been no other matter or circumstance which has arisen since 30 June 2025 that has significantly affected or may significantly affect: Kingston Resources Limited's operations in future financial years; or the results of those operations in future financial years; or Kingston Resources Limited's state of affairs in future financial years. DIVIDENDS OR DISTRIBUTIONS No dividends were paid during the financial year and the directors do not recommend the payment of a dividend. FUTURE DEVELOPMENTS AND EXPECTED RESULTS The Group will continue its operating activities and evaluation of its mineral projects and undertake generative work to identify and potentially acquire new resource projects. Due to the nature of the business, the result is not predictable. ENVIRONMENTAL REGULATIONS The mineral tenements granted to the Company pursuant to New South Wales Mining Act 1992 and the Papua New Guinea Mining Act 1992, are granted subject to various conditions which include standard environmental requirements. The Company adheres to these conditions and the directors are not aware of any non-compliance with environmental laws. INFORMATION ON THE DIRECTORS The Directors of the Company at any time during or since the end of the financial year are: Mick Wilkes - Chair (Independent Non-Executive) Andrew Corbett - Director (Managing) Anthony Wehby - Director (Independent Non-Executive) Stuart Rechner - Director (Independent Non-Executive) Directors have been in office since the start of the financial year to the date of this report unless otherwise stated Mick Wilkes, Non-Executive Chair (B Eng (Hons), MBA, GAICD) Term of Office Appointed Non-Executive Chair of Kingston Resources Limited from 1 December 2020; previously Non-Executive Director of Kingston Resources Limited from 6 July 2018 to 1 December 2020. Skills and Experience Mr Wilkes is a mining engineer with over 40 years of broad international experience with a strong emphasis on operations management and new mine development, predominantly in precious and base metals across Asia and Australia. He was the President and CEO of OceanaGold Corporation (ASX:OCG) from 2011 to 2020. In previous roles he was the Executive General Manager of Operations at OZ Minerals responsible for the development of the Prominent Hill copper/gold project in South Australia and General Manager of the Sepon gold/copper project for Oxiana based in Laos. His earlier experience included 10 years in various project development roles in Papua New Guinea. Mr Wilkes is currently a Non-Executive Director of Andromeda Metals Ltd (ASX:ADN), previously Non-Executive Chair. Mr Wilkes was previously Non-Executive Director of Dacian Gold Ltd (ASX:DCN) from September 2021 then Non-Executive Chair from March 2022 to July 2022. He was also a Non-Executive Director of Genesis Minerals Ltd (ASX:GMD) from October 2022 to May 2025. Mr Wilkes holds a Bachelor of Engineering from the University of Queensland, a Master of Business Administration from Deakin University, and is a member of both the Australian Institute of Mining and Metallurgy, and the Australian Institute of Company Directors. Andrew Corbett, Managing Director (B Eng (Mining, Hons), MBA) Term of Office: Managing Director of Kingston Resources Limited since 4 July 2016. Skills and Experience: Mr Corbett is Managing Director and CEO of the Company. Mr Corbett is a highly experienced mining engineer, having operated in the mining industry for over 30 years. Mr Corbett has senior corporate, operational and mine management experience combined with an in-depth understanding of global equity markets, business development and corporate strategy within the mining sector. His prior roles include General Manager at Orica Mining Services based in Germany and Co-Portfolio Manager of the Global Resource Fund at Perpetual Investments as well as mine management and operations roles with contractor and owner-mining operations. Anthony Wehby, Non-Executive Director Term of Office: Non-Executive Director of Kingston Resources Limited from 1 December 2020; previously Non-Executive Chairman of Kingston Resources Limited from 4 July 2016 to 1 December 2020. Mr Wehby is Chair of the Audit and Risk Committee. Skills and Experience: Mr Wehby is a highly experienced board member and chairman. He is the Chairman of Variscan Mines Limited (ASX: VAR). He was previously a Director of Ensurance Ltd and Chairman of Tellus Resources Limited and Aurelia Metals Limited. Since 2001, Mr Wehby has maintained a financial consulting practice, focusing on strategic advice to companies including investments, divestments and capital raisings. Prior to 2001, Mr Wehby was a partner in PricewaterhouseCoopers Australia (Coopers & Lybrand) for 19 years. Stuart Rechner, Non-Executive Director (BSc, LLB, MAIG, MAusIMM, FAICD) Term of Office: Non-Executive Director from 4 July 2016; previously Executive Director from 23 February 2015. Mr Rechner is Chair of the Remuneration and Nomination Committee. Skills and Experience: Mr Rechner is an experienced company director and geologist with a proven record in project generation, acquisition, exploration, funding, development and production in Australia and overseas. Mr Rechner holds degrees in both geology and law and is a member of the Australian Institute of Geoscientists, the Australasian Institute of Mining and Metallurgy and the Australian Institute of Company Directors. Mr Rechner was previously an Australian diplomat with postings to Beijing and Jakarta. Mr Rechner has been a Director of Strategic Energy Resources Ltd (ASX:SER) since 12 September 2014. COMPANY SECRETARY Vinod Manikandan is the CFOfor the group and has been the Company Secretary since 22 January 2024 . Vinod is a member of CPA Australia and an associate member of the Governance Institute of Australia. He has completed his post graduate studies in Applied Corporate Governance and has a Bachelor's degree in Commerce. DIRECTORS' INTERESTS As at the date of this report the relevant interests of each of the Directors, held either directly or indirectly through their associates, in the securities of Kingston are as follows: Director Fully Paid Ordinary Shares (KSN) Unlisted Options Performance Options Mick Wilkes 1 3,945,679 572,882 - Andrew Corbett 2 9,370,715 7,776,058 - Anthony Wehby 3 3,044,223 381,925 - Stuart Rechner 4 2,102,676 - - 1 Mick Wilkes holds a relevant interest in the specified number of Shares and Options as a result of being a director of Eligius Holdings Pty Limited as trustee of Eligius Holdings Pty Limited ATF, which is the registered holder of those Shares and Options. 2 Andrew Corbett holds a relevant interest in the specified number of Shares and Options as a result of being a director of Milamar Group Pty Ltd as trustee of Milamar Family Trust, which is the registered holder of those Shares and Options 3 Anthony Wehby holds a relevant interest in Options as he is a related party to Mrs Rosemary Wehby, who is the registered holder of the options. 4 Stuart Rechner holds a relevant interest in the specified number of Shares and Options as a result of being a director of Osmium Holdings Pty Limited as trustee of Ferndale Superannuation Fund, which is the registered holder of those Shares and Options.

View stock analysis, news, and events for Kingston Resources Ltd.