Announcement PDF Misima Gold Project Geology and Exploration Large scale mineral system open along strike and down dip ▪ 3.8Moz Mineral Resource, 1.9Moz Ore Reserve ▪ Development ready, Definitive Feasibility Study complete ▪ Resource & Reserve expansion and exploration potential November 2024 Stuart Hayward, Chief Geologist www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 1 Competent Person’s Statement Mineral Resource Reported in Accordance with 2012 JORC Code – Misima Competent Person’s Statement Ore Reserve Reported in Accordance with 2012 JORC Code – Misima The information in this report that relates to the reporting of the Misima Mineral Resource Estimate is based on and fairly represents, information and supporting documentation compiled by Mr. Stuart Hayward (BAppSc (Geology)) MAIG ,who is a Member of the Australian Institute of Geoscientists. Mr. Stuart Hayward is a full-time employee of Kingston Resources Limited. Mr. Hayward has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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 confirms that the information in the market announcement provided is an accurate representation of the available data and studies for the material mining project and consents to the inclusion in this report of the matters based upon the information in the form and context in which it appears. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original report. The Competent Person signing off on the overall Misima 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. www.kingstonresources.com.au Kingston confirms that it is not aware of any new information or data that materially affects the information included in all ASX announcements referenced in this release, and that all material assumptions and technical parameters underpinning the estimates in these announcements continue to apply and have not materially changed. ASX KSN Misima Geology Resource Definition & Exploration | 2 Misima Gold Project Advanced development project on highly prospective exploration ground MINING AND EXPLORATION HOT SPOT Highly prospective region with world class producing assets Multiple large scale epithermal and porphyry deposits in development SIGNIFICANT GOLD ENDOWMENT SUBSTANTIAL EXPLORATION UPSIDE Historical production of 3.7Moz gold and 22Moz of silver New mineralised structures exposed by Misiman prospectors Current Mineral Resource of 3.8Moz, Ore Reserve 1.9Moz 11 priority targets within the project footprint Definitive Feasibility Study (2022) demonstrates 20-year mine life 100% ownership of EL1747 2022 base case gold price of A$2517/oz for a Pre-tax NPV $956m, IRR 22% www.kingstonresources.com.au ASX KSN Captures entirety of prospective terrain on Misima Misima Geology Resource Definition & Exploration | 3 Misima Project History Long life project with high leverage to the gold price 1888 Gold was first discovered on Misima in 18882 1950s to 1970 PreWWII PostWWII Underground mining produced over 230,000oz @ +9 g/t Surface mining and alluvial production 1970s Copper exploration phase by major mining companies Placer acquires project and focuses on gold exploration 1989 to 2004 2017 2018 2020 Placer produces 3.7Moz gold and 22Moz of silver from open pit mining. Decision to close made with Au below US$300/oz3 KSN acquires Misima (49%), JORC2012 Resource of 2.8Moz Au reported Nov 20174 June 2018 diamond drilling commences. In Q3 2018 KSN complete earn-in to 70% Q2 2020 KSN (now 80.5%) commence PFS and secure agreement to go to 100% ownership 50-year Gold Price Chart Contained Gold in Resource (Moz) 4 Gold Price (USD) 2,000 1,500 Placer Dome Mining Period 3.7Moz Over 15 Years 500 2024 2022 2020 2018 2016 2014 2012 2010 2008 2006 2004 2002 2000 1998 1996 1994 1992 1990 1988 1986 1984 1982 1980 1978 1976 1974 1972 1970 0 www.kingstonresources.com.au DFS and Reserve upgrade completed mid-2022 Misima Mineral Resource Growth 2,500 1,000 2022 ASX KSN 3.6 3.5 3.2 2.8 3 2.5 3.8 2.3 2 1.5 1 0.5 0 Aug-2017 Nov-2017 May-2020 Nov-2020 Jun-2022 Misima Geology Resource Definition & Exploration | 4 Location and Overview Port Moresby www.kingstonresources.com.au Alotau Location 200km east of the PNG mainland and 600km east of Port Moresby Ownership Granted EL1747 100% Gallipoli Exp. (PNG) Ltd Mineralisation Styles Structure controlled, low sulphidation epithermal, base metal carbonate Au-Ag, veins & breccia Mineral Resource 169Mt @ 0.71g/t Au, 4.1g/t Ag 3.8Moz Au & 22.1Moz Ag Ore Reserve 75.6Mt @ 0.79g/t Au, 4.5g/t Ag 1.92Moz Au & 10.9Moz Ag Regional Geology Highly prospective terrain All units of Sisa Assoc. known to host base Au-Ag mineralisation + Potential Porphyry Cu/Cu-Au Structure Control Major arc controlling structures • + Flexures & 2nd – 3rd order structures • Link structures Key structural controls • NW & N-S intersecting and interplay structures Targeting Tools • • • • • Misima ASX KSN Geology & mineral system models Regional & prospect scale magnetics, gravity Surface geochemistry – Au + key pathfinders Field geology mapping and drill hole data Artisanal mining Misima Geology Resource Definition & Exploration | 5 DFS Results at A$2571/oz Au price Large scale, long-life, low-cost open pit gold and silver mine with potential to grow • Large, low-cost, 20-year gold project averaging 128koz gold per annum. Item Unit DFS summary • Total production of 2.4 Moz of gold and 5.7 Moz of silver, over a 20-year mine life. LOM Years 20 • Compelling Project LOM economics at A$2571/oz gold price • All In Sustaining Cost (AISC) of A$1,217/oz • Revenue of A$6.1 billion • Free cash-flows of A$2.7 billion (undiscounted, pre-tax) • NPV of A$956m1 at a gold price US$1,800/oz • IRR of 22% (pre-tax) LOM gold production oz 2,378,519 koz pa 128 Mt 6.1 Capital expenditure A$m 476 LOM AISC A$/oz 1,217 • Gold price scenario of US$2,000/oz lifts LOM NPV to $1.3bn. LOM avg recovery % 87% • Multiple resource extension and discovery targets within project footprint. LOM strip ratio Waste:Ore 4.4 LOM strip ratio (excl backfill removal) Waste:Ore 3.1 US$/oz 1,800 Exchange rate AUD 0.70 LOM revenue A$m 6,116 LOM free cash flow (pre-tax) A$m 2,726 NPV (7% real) pre-tax A$m 956 % 22.2% Years 5.75 LOM Avg gold production (yr 2-18) Average annual mill throughput Gold price DFS Highlights 2.4Moz gold production 128koz pa average gold production (yrs 2-18) $2.7bn pre-tax FCF 20-year mine life – production target IRR pre-tax Payback 1.See KSN ASX announcements on 6 June 2022 for further detail www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 6 DFS Sensitivity 2022 study gold price A$2,571/oz vs current spot gold price ~A$4,000/oz NPV Sensitivity Gold Price (AUD/oz top line, USD/oz second line) AUD> 2,143 ##### 1,500 USD> 2,286 2,429 2,571 1,600 1,700 1,800 1,154 1,355 1,557 1,759 892 1,077 1,261 1,446 670 841 1,011 1,182 480 639 797 956 315 463 611 759 171 310 449 587 44 175 305 436 (69) 55 178 301 (170) (53) 64 181 (261) (150) (39) 72 2,714 1,900 1,960 1,631 1,353 1,114 907 726 566 424 297 183 2,857 2,000 2,162 1,816 1,523 1,273 1,055 865 697 548 414 294 3,000 2,100 2,364 2,001 1,694 1,431 1,203 1,003 827 671 531 405 3,143 2,200 2,566 2,186 1,865 1,590 1,351 1,142 958 794 648 516 3,286 2,300 2,767 2,371 2,036 1,748 1,499 1,281 1,088 917 764 627 3,429 2,400 2,969 2,556 2,206 1,907 1,647 1,420 1,219 1,041 881 738 3,571 2,500 3,171 2,741 2,377 2,065 1,795 1,558 1,350 1,164 998 849 3,714 2,600 3,373 2,926 2,548 2,224 1,943 1,697 1,480 1,287 1,115 960 3,857 2,700 3,574 3,111 2,718 2,382 2,091 1,836 1,611 1,411 1,232 1,071 4,000 2,800 3,776 3,296 2,889 2,541 2,239 1,974 1,741 1,534 1,348 1,181 Base Spot Gold Price USD/oz US$1,800/oz US$2,700/oz Exchange Rate AUD:USD US$0.70 US$0.66 LOM Revenue A$m 6,116 9,730 LOM Free Cash Flow (pre-tax) A$m 2,726 6,367 NPV (7% real) pre-tax A$m 956 2,696 NPV (7% real) post-tax A$m 624 1,859 Capital cost IRR pre-tax % 22% 46% Processing cost IRR post-tax % 18% 37% AUD:USD Unit 0.55 0.60 0.65 0.70 0.75 0.80 0.85 0.90 0.95 1.00 Item Mining cost AUD PGK AUD USD Gold price NPV A$m sensitivity to +/- 10% change in factor www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 7 Regional Geology Prospective regional setting • Highly prospective region due to complex geological evolution. • Multiple significant epithermal and porphyry deposits in the region. • Miocene - continued oblique convergence between the Australian and Pacific plates causes the Solomon microplate to split from the Australian plate forming an extensional basin (Woodlark Basin). Topography, bathymetry and regional tectonic setting of New Guinea and Solomon Islands. Arrows indicate rate and direction of plate motion of the Australian and Pacific plates (MORVEL, DeMets et al., 2010); Mamberamo thrust belt, Indonesia (MTB); North Fiji Basin (NFB). (Holm Et. Al. 2016) • Pliocene - Woodlark Rift propagates westwards + Mantle derived alkalic intrusive activity • Early extension of Woodlark Basin – Boiou micro-granodiorite is emplaced at both Mt Sisa and the Quartz Mountain / Ewatinona areas • Metamorphism and silicification of the carbonate units (St Patrick’s Limestone-Halibu or coarse sparry calcite) produced localised skarns SIMBERI • Fault controlled hypogene gold-silver and base metal mineralisation @ 4 - 3.2 Ma (Sericite- Ar-Ar and K-Ar) (Fanning, 1995, 1996) LIHIR • Gold-silver and base metal mineralisation in all lithological units and adjacent to Boiou micro-granodiorite intrusive centers • Extensive supergene enrichment (Manganese wad) • Quaternary - rapid uplift with extension accommodated on Weipoou Creek Fault. Western end of Misima raised over 400m and tilted to the north www.kingstonresources.com.au ASX KSN SINIVIT GSPNG, Placer Expl. (pre-1989), MMPL (1989-2000), PPC (201112), WCB (2010- 2015) and various technical reports and constructive summary memos by Standing (1993) Logan and Appleby (1994), Esser (1996), Appleby & Adshead (1995), Adshead (1995-2000), Woodbury, Kari & Palaulo (1997-2000), Meldrum 2015 and others PANGUNA WOODLARK WAPAULO MISIMA Misima Geology Resource Definition & Exploration | 8 Misima Island Geology Prospective regional setting and project geology • Eastern extension of the central mountain chain of the island of New Guinea geological terrains to SE. • Southern shoulder/rise of the Woodlark Basin. • West Half: High grade metamorphic (core complex) Awaibi Association; metamorphosed ophiolite sequence. • Separated by the Weipoou Creek detachment (WCFZ). • East Half: Upper-grade metamorphic greenschist facies rocks Cretaceous rocks of the Sisa association. • Meta-sediment, meta-basalts, and meta-volcanics, • Define the upper Umuna schists-on-Halibu Calc-silicate-on-Ara greenstone-on lower Bulpat schist stratigraphy. • Miocene Boiou microgranodiorite intruded as sills and dykes at two main centres a Mt Sisa and Quartz Mountain. • Gulewa Formation volcanics and associated sedimentary rocks that unconformably overlie the Sisa association. • All Sisa Association units prospective for Epithermal Au-Ag and Porphyry Cu mineralisation. • Fringing Quaternary coralline limestone. www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 9 Mineral System Model Proven mineral systems model guiding exploration • Application of Mineral Systems Models important in deposit geology and modelling, and guiding exploration. • Major deposits and prospects in PNG associated with arc parallel and transfer structures. Orientation dependent on regional tectonic architecture. • Major structures localise intrusions and ores with mineralisation often within second order structures. • Hydrothermal fluids evolve during migration within major structures. • Most epithermal mineralisation occurs as ore shoots in • More dilational settings. • Structural intersections as sites of fluid mixing. • Reactivation of dilational settings provides multiple mineralisation events and higher Au grade. • Structures allow evolved and near-surface waters to re-enter the hydrothermal system for mixing reactions. • Structures may offset ore post-mineralisation. • Misima Mineral Systems Model • Early porphyry style (skarns, Po style veins, K-alt). • Overprinting Carbonate base metal Au mineralisation • Uplift and erosion inferred (telescoping). • All lithological units are potentially mineralised Text and Figure After Corbett Epithermal & Porphyry Ore Deposits Short Course 2013-2020 • Pre-preparation by alteration in some cases. www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 10 Local Structure and Mineralisation Regional scale deposit controls evident on Misima • Major deposits in PNG @ intersection of Arc parallel and transfer structures. • N-S trending structures not uncommon in the region as inferred transfer structures linked to the Woodlark Basin • Opening of the Woodlark Basin inducing N-S compression and subsequent dextral movement on pre-existing structures at the time of mineralisation. • Geochemical trends and mineralised centres at the intersections and along deep seated structures & Link structures. www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 11 Misima Geology and Structure Substantial data sets supporting interpretation and targeting • 30+ years of data. • Well established geology foundation based on extensive mapping and analysis. • Surface geology generally reliable with local variation between authors depending on scale. • Geology by Benko (1994) used as regional scale underlay. • The structure grain of Misima Island has been described and interpreted in detail over time with framework reported by Esser 1996 being ratified by subsequent authors and KSN work. • Logan (WCB) completed comprehensive compilations of most primary target areas. • Geophysics data sets reinforces the structure framework with a complex interplay of WNW, NW, E-W and N-S trending structures. • Mineralised systems: • Developed in close proximity to intersections of major regional scale structures. • On reactivated structures within the pre-existing architecture. • All lithologies are prospective with some requiring preparation for brittle failure through alteration and veining. Known Mineralised Veins www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 12 Misima Magnetics Regional and local scale deposit controls evident in magnetics • Geophysics data sets reinforce the framework with a complex interplay of WNW, NW, E-W and N-S trending structures. Known Mineralised Veins – in dilational settings Inferred transfer structures Inferred arc parallel structures • Detailed interpretation of multiple data sets adds to the structural picture. • Often, single to multiple point soil anomalies coincident with interpreted structures adding to prospectivity. LiDAR Topography 2018 RTP- Analytical Signal 2012 www.kingstonresources.com.au • Major structure architecture clearly evident in the LiDAR topography. ASX KSN Misima Geology Resource Definition & Exploration | 13 Misima Geology and Structure Regional and local scale deposit controls evident in all data sets • Au-Ag mineralisation is controlled by this architecture. • Mineralisation and targets • Developed in close proximity to intersections of major regional scale structures. • On reactivated structures within the preexisting architecture. • All lithologies are prospective with some requiring preparation for brittle failure through alteration and veining. Known Mineralised Veins – in dilational settings Inferred transfer structures Inferred arc parallel structures Dilational structure orientations www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 14 Misima Structural Geology Detailed studies focusing exploration targeting • Au-Ag mineralisation is strongly structurally controlled. • Classic geometries common within epithermal systems. • Dependent on regional and local stress regimes. • Complex structural evolution within a highly active tectonic region during deposit formation. (Cameron 2019 + MMPL) • Periods of extension and compression. • Multiple deformation events. • Isoclinal folding of Sisa Assoc. during D1 (So//S1). • Granitic Intrusions post D1 to Syn D2. • D2 compression. • D3 extension. • Gold-silver mineralisation late – Post D2. • Significant rotation of б1 = Structure reactivation over time reflecting changing regional tectonics stress field. www.kingstonresources.com.au Cameron 2019 ASX KSN Misima Geology Resource Definition & Exploration | 15 Umuna Fault Corridor Mine scale data sets focusing exploration & Resource definition • Compound structural corridor – prospective along entire 6km strike length. • Zone of brecciation, fracturing, & shearing. • Interpreted west side down (pre mineralisation). • Retains components of all the dominant structure trends mapped across Misima. • High-grade mineralisation at Umuna occurs within a ‘sea of low grade’ in reactivated structures within the Umuna Fault Corridor. • Later faulting has dismembered mineralisation. • Soil geochemistry anomalism distribution is controlled by the prevailing structure architecture. • Misima Nth and Ewatinona can be interpreted as sitting on N-S trending lineaments. Principal structures of Umuna Corridor (Cameron 2019) • Elements of Umuna East can also be interpreted as being controlled by a parallel N-S trending lineament. Umuna East Dee Cubed Ewatinona Qz Mt. Schematic structure structures of Umuna + Ewatinona (Hayward 2020) www.kingstonresources.com.au Leapfrog grade shells from Grade Control data over Esser Structure Mapping (Hayward 2021) ASX KSN Fault complexity in historical Umuna Pit. Misima Geology Resource Definition & Exploration | 16 Umuna Resources: 3.6Moz – 59% Indicated Exceptional upside potential along strike and down dip Umuna Resource: 157.6Mt @ 0.70g/t Au, 4.1g/t Ag 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 north. • Shallow drilling with average hole depth ~119m and only 9% of holes exceeding 200m. • Potential for additional mineralisation in the hanging wall and splays. 3.5 km Drilling highlights1: • 40m @ 3.17g/t Au and 10.88g/t Ag from 234m, incl. 6m @ 14.06g/t Au and 13.33g/t Ag from 268m • 27m @ 1.08g/t Au and 4.09g/t Ag from 129m • 56m @ 1.01g/t Au and 7.10g/t Ag from 110m • 10m @ 1.25g/t Au and 1.40g/t Ag from 92m • 10m @ 1.76g/t Au and 1.50g/t Ag from 151m 1. KSN.ASX announcements 18/2/19, 8/11/18, 23/8/18, 21/5/20 www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 17 Umuna Mineralisation GDD014 shearsilicifed brecciaCBM Vein • Early porphyry signature (Leach 1995-1996) • Skarns and Po-style veining adjacent Mt Sisa. GDD014 56m @ 1.01g/t Au from 110m • Overprinted by base metal sulphides + Gold-Silver mineralisation • Reactivated structures. • Crackle breccias. • Mosaic and milled breccias. • Late-stage reactivation post mineralisation. GDD014 CBM VeinBx in meta basalt GDD001 Strong oxidised skarn (Mt Sisa) GDD014 Brecciated meta basalt post CBM veining www.kingstonresources.com.au GDD001 Chl-Mt skarn + late stage Postyle vein (Mt Sisa) ASX KSN Misima Geology Resource Definition & Exploration | 18 Umuna Deposit: High-Grade Structures Umuna deposit open along strike and down dip Umuna Resource hosts a number of high-grade structures inside a broader mineralised corridor Intersections include1: • 84m @ 7.20g/t Au • 66m @ 2.40g/t Au • 20m @ 17.04g/t Au • 68m @ 2.21g/t Au • 36m @ 8.50g/t Au • 71m @ 2.08g/t Au • 64m @ 4.13g/t Au • 40m @ 3.69g/t Au • 40m @ 6.49g/t Au • 76m @ 1.88g/t Au • 78m @ 2.76g/t Au • 52m @ 2.51g/t Au • 57m @ 3.39g/t Au • 31m @ 4.04g/t Au • 90m @ 1.84g/t Au Additional mineralised structure potential as hangingwall structures and splays. 1. For JORC Resource & Exploration tables see KSN.ASX announcement 21 May 2020 www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 19 Quartz Mountain (incl. Ewatinona) Highly prospective region adjacent process plant location 200koz Resource within a broader gold corridor 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 incl. 7m @ 3.83g/t Au from 37m • 15.7m @ 1.60g/t Au from 40m, incl. 7.0m @ 3.19g/t Au • 10.2m @ 3.68g/t Au from 10m, incl. 4m @ 7.15g/t Au • 15.6m @ 1.18g/t Au from 49.6m • 14.0m @ 1.64g/t Au from 163m • 13.5m @ 1.26g/t Au, incl. 10.5m @ 1.43g/t Au from 146m • 12.0m @ 1.33g/t Au from 22m Significantly enhanced geological understanding. Outcropping mineralisation discovered at Abi: • GDD044 23.6m @ 2.91g/t Au from 7.4m incl. 13.5m @ 4.60g/t Au from 17.5m • New mineralised structures mapped and sampled in prospecting pit exposures in Abi Ck. & Kila Ck. Quartz Mountain regional gold corridor with historic pits and recent drilling Quartz Mountain produced 147,000oz @ 1.77g/t Au under Placer 1. KSN.ASX announcements 26/8/2019, 18/9/2019, 12/02/2020, 02/04/2020, 29/04/2020, 21/5/2020 www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 20 Ewatinona Mineralisation GDD068 Se-ClyPy Alt. Dr. Po + CBM Veins (yellow sphalerite) (10.2m @ 3.65g/t Au from 10m) • Structures with base metal sulphides + Gold-Silver mineralisation. • Steep dipping veins and structures, & crackle and hydrothermal breccias. • Diorite porphyry host rock. • Structures with fracture and crackle breccia halos. • Mosaic and milled breccias. • Late-stage reactivation post mineralisation. GDD042 Se-ClyPy Alt. Dr. Po & Schist + CBM Veins Trans. Ozid. (15.7m @ 1.6g/t Au from 40m) GDD066 Oxide. Dr.Po. Mn Oxide fractures (after SphGal) (6m @ 2.46g/t Au from 4 - 10m) GDD043 Abi-Kila Oxide Dr.Po. Remmenant CBM and sulphide veins (23.6m @ 2.91g/t Au from 7.4m, including 13.5m @ 4.60g//t Au from 17.5m) GDD040 Vert. Hole. Se-ClyChl-Py Alt. Dr. Po CBM veining & Fx. fill www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 21 Ewatinona Resource Geology Model Improved geological framework and model supporting Ewatinona Resource and Reserves • 7.6Mt @ 0.81 g/t Au for 200Koz gold Consolidated structure model over blast hole data & LiDAR topography. • Fundamental model changes in 2019-2020. • 27 additional drill holes into parallel mineralised structures and under existing open pit. • Established firm geology foundation from • MMPL Mapping (Cyre & Dekba). • Blast hole data modelling. Automated 0.2g/t Au shell • Field mapping (MMPL-WCB-KSN). • Defined structure architecture based on close spaced data and mapping. 2019-2020 Drilling Coverage • Leapfrog model of 0.2g/t Au domain to constrain estimation . • Extension opportunities along strike. Automated 0.2g/t Au shell with block model fill www.kingstonresources.com.au ASX KSN Misima Geology Resource Definition & Exploration | 22 Exploration Upside and Site Layout Multiple targets adjacent infrastructure locations and with proven accessibility Abundant Exploration Targets N • Potential for additional high-grade inventory by targeting the Umuna corridor. • Extension potential at depth and along strike of Umuna & Ewatinona. • New discovery potential between Ewatinona pit and process plant location (Abi-Kila). • New structures exposed by artisanal mining. Misima Gold Project & Plant Layout • Leveraging existing land topography and historical footprint. • Simple layout, utilising previous plant location. www.kingstonresources.com.au Exploration prospects and targets relative to proposed mining and processing infrastructure locations. ASX KSN Misima Geology Resource Definition & Exploration | 23 Misima Gold Project Resources & Reserves Indicated Resource Inventory Misima Resources Total Au Ag C/O Au Ag (Moz) (Moz) Deposit Au Ag Mt (g/t) (g/t) C/O Au Ag (Moz) (Moz) Deposit Mt (g/t) (g/t) Umuna 93.5 0.78 4.3 0.3 2.4 13.1 Umuna 157.6 0.7 4.1 0.3 3.6 20.5 Ewatinona 4.2 0.88 2.6 0.3 0.12 0.3 Ewatinona 7.6 0.81 2.8 0.3 0.2 0.7 Cooktown Stockpile - - - - - - Cooktown Stockpile 3.8 0.65 7 0.5 0.1 0.9 97.7 0.79 4.3 2.5 13.4 TOTAL 169 0.71 4.1 - 3.8 22.1 TOTAL Inferred Resource Inventory Misima Total Reserve Inventory (100 % probable) Au Ag C/O Au Ag (Moz) (Moz) Deposit Au Ag Au Ag Mt (g/t) (g/t) (Moz) (Moz) Deposit Mt (g/t) (g/t) Umuna 64.1 0.58 3.8 0.3 1.2 7.5 Umuna 71.7 0.79 4.6 1.8 10.6 Ewatinona 3.4 0.74 3.2 0.3 0.08 0.3 Ewatinona 3.9 0.81 2.4 0.1 0.3 Cooktown Stockpile 3.8 0.65 7 0.5 0.1 0.9 TOTAL 75.6 0.79 4.5 1.9 10.9 TOTAL 71.3 0.59 3.8 1.4 8.7 www.kingstonresources.com.au • Mineral Resources are reported inclusive of Ore Reserves • See Competent Person details and year of original release on slide 24 • For full information of Mineral Resource and Ore Reserves see KSN announcements released 18 November 2021 and 6 June 2022 • Rounding to significant figures may cause minor computational discrepancies • Misima Resource is comprised of Indicated and Inferred material • Reserves are shown on an unrecovered basis ASX KSN Misima Geology Resource Definition & Exploration | 24 Forward Looking Statements Disclaimer Certain statements contained in this presentation, including information as to the future financial or operating performance of KSN and its projects, are forward looking statements. Such forward looking statements: include, among other things, statements regarding incomplete and uncertain proposals or targets, production and prices, operating costs and results, capital expenditures, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions; are necessarily based upon a number of estimates and assumptions that, while considered reasonable by KSN, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; and involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of KSN, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. KSN disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “scope”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward looking statements. All forward looking statements made in this presentation are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein. www.kingstonresources.com.au The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guarantee of future performance. ASX KSN Misima Geology Resource Definition & Explo