Announcement PDF AGM Presentation Gold and Copper Producer 28 November 2024 Presented by: Andrew Corbett www.kingstonresources.com.au I ASX: KSN Important notices and disclaimer Forward Looking Statements Mineral Hill Gold Bar 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. 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. Disclaimer 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. 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. For further information on the Life of Mine at Mineral Hill referred to in this Presentation, refer to the Company’s ASX Announcement dated 27 June 2023 and 30 September 2024 www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 2 Important notices and disclaimer Exploration by Other Explorers This presentation contains information sourced from the reports of other Explorers. References to the original reports are provided as footnotes where the information is cited in this presentation. KSN does not vouch for the accuracy of these reports. KSN has taken the decision to include this information as it is in the public domain and as we assess it to be of relevance to shareholders and investors. Production Target The LOM plan includes Mineral Resource Estimates for Pearse pits, the Southern Ore Zone (SOZ) and Jack’s Hut to estimate the Production Target. All Ore Reserves and Mineral Resources underpinning this LOM plan have been prepared by Competent Persons in accordance with the 2012 JORC reporting guidelines. The Production Target comprises 51% Ore Reserves, 11% Measured & Indicated Resources and 38% Inferred Resources. The first 12 and 36 months of the Production Target are underpinned by 89% and 80% of Measured and Indicated Resources respectively There is a low level of confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised. The stated production target is based on the Company’s current expectations of future results or events and should not be solely relied upon by investors when making investment decisions. Further evaluation work and appropriate studies are required to establish sufficient confidence that this target will be met. The Company notes that the Project forecasts a positive financial performance and is therefore satisfied that the use of Inferred resources in production target reporting and forecast financial information is not the determining factor in overall Project viability and that it is reasonable to report the LOM plan with Inferred Resources. The Company has concluded that it is has a reasonable basis for providing the forward-looking statements included in this announcement. The detailed reasons for that conclusion are outline throughout this presentation. www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 3 Kingston Resources: Building a strong mining company Two core mining assets – positioned for growth Mineral Hill Mine (100%) NSW Misima Gold Project (100%) PNG • Full approved and operating mine • Historical production: 3.7Moz Au and 22Moz Ag • Producing gold, silver and copper (FY26) • Current Mineral Resource: 3.8Moz Au • Polymetallic 8Mt Resource base • Ore Reserve: 1.9Moz • Brownfields and greenfields targets • 20-year mine life (DFS) • Initial six-year mine life • Residential workforce • Pre-tax NPV $956m, IRR 22% (base case gold price of A$2517/oz) • Owner-operator • 11 priority exploration targets • Growth options in Cobar Basin • Strategic process to advance project www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 4 Building mining skills and capability Focused on a safe and sustainable culture Investing in our people and our community A large employer in Condobolin ESG framework: safe, responsible and sustainable Investing in our local and residential workforce www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 5 Key achievements Building the team with the skills to deliver shareholders value • Self managing – in-house planning and execution to meet delivery at all stages of the mining cycle • Self performing – owner-operator focused, with local employment and a problem-solving attitude TSF Mining Complete • Kingston’s first cash producing asset • Reprocessed 1.6 Mt of tailings • Generated $99m in sales and $26m in operating cashflow Plant Refurbishment Complete Open Pit Mining Commenced Underground Mining Preparations • Refurbishment of the Mineral Hill process plant for $13.5m • Recommenced hard rock mining in June 2024 • Mining rate now 3 Mtpa • The next phase of Mineral Hill’s redevelopment story • Independently managed and executed • Locally employed mining team trained up • High value, polymetallic orebodies • High capital efficiency • The long-term future of Mineral Hill Potential to lift production and underpin a long term precious and base metals business www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 6 Pearse North November 2024 Mineral Hill Gold and Copper Mine www.kingstonresources.com.au I ASX: KSN Corporate Presentation | Nov 2024 7 Kingston extends Mineral Hill Mine life out to 2030 Six-year mine life extension with updated Ore Reserves 1,2 • Extended Mine Life: Life of mine now six years, extended to +2030. • Increased Ore Reserves: Increased open pit Ore Reserves, plus maiden underground Ore Reserves. • Owner Mining : Focused on local employment, with a hands-on training approach to develop our own operators. • Approved and operating mine: Leveraging the fully approved mine, multi commodity plant to grow our production and cashflow. 1. See ASX Announcement dated 2 April 2024 , 27 June 2023 & 30 Sept 2024, for further detail and key assumptions 2. See KSN ASX announcements on 6 June 2022 for further detail www.kingstonresources.com.au I ASX: KSN Pearse North open pit mining operations Kingston AGM Presentation 8 Open pit mining – Pearse North Pearse North mining commenced in late June 2024 – now running at +3Mtpa 80000 70000 60000 50000 40000 30000 20000 10000 0 3 June 10 June 17 June 24 June 1 July 8 July 15 July 22 July 29 July 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 16 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov 11 Nov 18 Nov Tonnes (ore and waste) 60-70k tonnes trucked per week = 3Mtpa material movement rate Weeks Tonnes mt Grade Au g/t Grade Ag g/t Metal Au koz Metal Ag koz Pearse North 0.24 3.2 33 24 250 Pearse South 0.13 4.3 85 19 370 Total Open Pits 0.37 3.6 52 43 620 Reserve* * Due to rounding to appropriate significant figures, minor discrepancies may occur, tonnages are dry metric tonnes. 1. See ASX Announcement dated 30 September 2024 www.kingstonresources.com.au I ASX: KSN Pearse North and South pit designs Corporate Presentation | Nov 2024 9 Maiden underground ore reserve Significantly improved metallurgy resulting in more payable metal • Copper and gold recovery increased to 88% and 81% respectively2. • LOM AuEq payable ounces increased from 123koz to 200koz. • Existing underground development and flotation plant minimises capital costs. Southern Ore Zone Underground Mineral Resources3 Class Tonnes kt Cu % Pb % Zn % Au g/t Ag g/t Cu kt Pb kt Zn kt Au koz Ag koz Total 3,776 1.0 1.3 1.1 1.83 17 37 51 40 222 2,038 Southern Ore Zone Underground Ore Reserve3 Class Tonnes kt Cu % Pb % Zn % Au g/t Ag g/t Cu kt Pb kt Zn kt Au koz Ag koz Probable 700 0.8 1.9 1.6 1.4 20 5.5 13 11 30 450 1. 2. 3. See ASX Announcement dated 30 September 2024 In comparison to the 30 September 2024 ASX Production Target forecast to the 27/06/2023 ASX Production Target. Due to rounding to appropriate significant figures, minor discrepancies may occur, tonnages are dry metric tonnes. www.kingstonresources.com.au I ASX: KSN Long-hole open stopes Oblique view of the Southern Ore Zone planned stopes Kingston AGM Presentation 10 Increase scale at Mineral Hill Strategy on expanding Mineral Resources within the mine EOZ high grade Au target Plan: • Underground drilling • Update Mineral Resource estimates Parkers Hill MRE update and extensions Red Terror target • Add to the mining inventory (currently SOZ only) Jacks Hut Infill & Extension SOZ MRE1 update 12.5m @ 3.41% CuEq Underground Mineral Resource Estimates2 Resource Tonnes (Mt) Au g/t Ag g/t Cu % Pb % Zn % Southern Ore Zone 3.80 1.29 19 0.9 1.6 1.4 Jack’s Hut 1.60 1.25 20 0.9 0.8 0.6 Parker’s Hill 1.80 0.19 43 1.3 2.1 0.9 Total Underground 7.3 1.28 24 1.0 1.4 0.9 1. SOZ – Southern Ore Zone, MRE – Mineral Resource Estimate 2. See ASX Announcement dated 21 March 2023 and 30 September 2024 for MRE announcements www.kingstonresources.com.au I ASX: KSN GD140 target G-H Lode Infill New Lode Extension Kingston AGM Presentation 11 Add projects within trucking distance to Mineral Hill Mineral Hill is the only processing facility in the southern Cobar Basin Grow resources to expand grinding and flotation 700 Approved for 700ktpa 380 Current Expansion Potential Resource growth strategy Mineral Hill Extensions Regional Acquisition Regional Exploration EL8334 www.kingstonresources.com.au I ASX: KSN 1. See ASX Announcement dated 2 April 2024 & 27 June 2023, for further detail and key assumptions Increase grinding & flotation capacity Kingston AGM Presentation 12 on EL8334 4 Adding inventory with near mine exploration 5 EL1999 Near mine advanced targets • Underground drilling to commence in Q1 2025. • Resource growth opportunities within the ML. • Focus on extending the mine life. • Grow high margin feed stock adjacent to the plant. 2.5km 3 1 SOZ infill & extension drilling. 2 Parkers Hill – GD140 resource updates. 3 Jacks Hut and EOZ extensions. 4 Bogong target – drilling. 5 Regional exploration on EL8334- Webers Gossan, Long Panel and China Workings. 2 EL1999 www.kingstonresources.com.au I ASX: KSN 1 Kingston AGM Presentation EL1999 13 Exploration potential at depth and regionally Mineral Hill remains open at depth and along the regional trends Extension potential at depth and regionally: • Depth of drilling at Mineral Hill less than 500m depth • Key mineral deposits in Cobar extend to ~1.8km • Numerous regional targets on Kingston’s exploration tenure 13km www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 14 Grow the operating scale with regional exploration Highly prospective drill targets and geochemical signatures Shift to creating value with exploration • Capital spend on mining and processing now largely complete • Cash flow from Mineral Hill and potential Misima transaction Advancing untested targets in EL8334 • Kingston’s ELs among the most prospective in the region • Extensive lead-in-soil anomalies Federation discovered with this tool • Coincident geophysical anomalies www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 15 Misima Gold Mine – circa 1995 Misima Gold Project Corporate Presentation | Nov 2024 16 Misima – high value growth asset Large scale, long-life, low-cost open pit gold and silver mine • Large, low-cost, 20-year gold project averaging 128koz gold per annum • Base case NPV of A$956m1 at a gold price US$1,800/oz • Gold price scenario of $2,700/oz lifts NPV to $2.7bn • Formal process being managed by Argonaut to bring about value realisation SIMBERI 6 PNG Mines and Projects Estimated Gold Endowment AuEq Moz 66 LIHIR 17 FRIEDA RIVER 24 PORGERA 17 OK TEDI Unit 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 IRR pre-tax % 22% 46% IRR post-tax % 18% 37% 23 PANGUNA KAINANTU 2 Item DFS Highlights 27 WOODLARK WAFI-GOLPU HIDDEN VALLEY 4 Papua New Guinea TOLUKUMA 2 1.6 2 PORT MORESBY GOLD RIDGE 2.4Moz 7 Misima LOM gold production 128koz pa average gold production (yrs 2-18) $2.7bn pre-tax FCF 20-year mine life – production target 1. See KSN ASX announcements on 6 June 2022 for further detail www.kingstonresources.com.au I ASX: KSN Corporate Presentation | Nov 2024 17 Exploration Upside Potential and Site Layout Excellent infrastructure and proven accessibility Abundant Exploration Targets N • Potential for additional high-grade inventory by targeting the Umuna corridor. • Extension potential at depth and along strike. • New discovery potential between Ewatinona pit and process plant location (Abi-Kila). Misima Gold Project Plant Layout • Simple layout, utilising previous plant location. • Leveraging existing land topography and historical footprint. www.kingstonresources.com.au I ASX: KSN Exploration prospects and targets relative to proposed mining and processing infrastructure locations. Corporate Presentation | Nov 2024 18 Misima Project history 5 High leverage to the gold price 4 Gold Price 3 $2,500.00 2 1 2017 - KSN commences Misima earn-in $2,000.00 2019 – KSN completes 100% ownership 2021 Resource grows to 3.8Moz KSN initiates sale/JV process 2022 Misima DFS 5 4 3 2 $1,500.00 1 1988 Commencement of mining $1,000.00 2004 Misima decommissioned by Placer Dome Placer Dome Mining Period 4.0Moz AuEq over 15 years $500.00 $0.00 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 www.kingstonresources.com.au I ASX: KSN Corporate Presentation | Nov 2024 19 Summary: Focus on executing our clearly defined strategy Leveraging the existing gold-copper asset base while advancing future growth opportunities Experienced Management Team: Focus on maximising returns from Mineral Hill and Misima Prime Cobar Location: Mineral Hill in the Cobar Basin, rich in copper & gold (clean energy transition), Fast-Track Production Boost: Expanding cashflow and production from open pit mining and moving into underground mining Strategic Advantage: Fully approved and operating processing plant with multiple drill targets and growth options Misima Gold Project: Large scale, long-life, low-cost open pit gold and silver project www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 20 Appendix www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 21 Highly experienced and well-regarded Executive Team Significant experience across the development life cycle through to production Mick Wilkes Andrew Corbett Tony Wehby Stuart Rechner Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Mick is a seasoned mining professional with 35 years’ experience in the industry, primarily in gold and base metals. He has specialised in sustainable project development, construction, and operations throughout his career. Andrew is a highly experienced mining engineer with over 25 years in mine management and financial markets. He has an indepth understanding of mining, equity markets, business development and corporate strategy. Tony is a highly experienced board member and chairman, previously Non-Executive Chairman of Tellus Resources Limited and Aurelia Metals Limited, and a Director of Ensurance Ltd. Stuart is an experienced company director and geologist with a background in project generation and acquisition in Australia and overseas. Mr Rechner holds degrees in both geology and law. www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 22 Corporate snapshot 1-Year Share Price Performance Shares on issue 707m Warrants & options2,3 98.7m Share price $0.092 Market cap $67m Cash @ 30 Sept 20241 $6.64m Restricted cash for environmental bond $7.4m Debt4 $15m Market Volume('000) RHS Close Price (A$) (LHS) 0.12 0.11 0.1 0.09 0.08 0.07 0.06 0.05 0.04 0.03 0.02 0.01 0 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 Shareholder Structure Delphi 15% Quintana 9.4% Winchester 9.1% Farjoy 6.7% Other 59.8% 1. Estimated Cash balance, as at 30 Sept 2024, excludes $7.4m cash backed environmental bond. 2. 38m unlisted options @ $0.14, exp 31 July 25. 3. 25m unlisted warrants @ $0.20, exp 07 July 2027, 35.7m unlisted warrants @ $0.14 exp 29 June 2028. Exercise price of the warrants to be repriced to $0.0847 subsequent to shareholder approval at the next meeting of shareholders. 4. Debt payback - $5m matures 7 July 2026, $5m matures 23 February 2027,$5m matures 29 June 2027, www.kingstonresources.com.au I ASX: KSN Corporate Presentation | Nov 2024 23 Mineral Hill – social license Environmental and social licence to operate Permits in place for mining and processing Cash backed environmental bonds Tailings capacity in place and expansion plans scheduled Biodiversity offset established www.kingstonresources.com.au I ASX: KSN Kingston AGM Presentation 24 Competent person statement Competent Person’sStatement - Mineral Resource Reported in Accordance with 2012 JORC Code – Mineral Hill Competent Person’sStatement - Mineral Resource Reported in Accordance with 2012 JORC Code – Misima 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 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 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. Competent Person’sStatement - Mineral Resource Reported in Accordance with 2004 JORC Code – Mineral Hill Competent Person’sStatement – Ore Reserve Reported in Accordance with 2012 JORC Code – Misima The information in this release that relates to Mineral Resources is based on information reviewed by Mr. Stuart Hayward (BAppSc (Geology)) MAIG, who is a Member of The Australian Institute of Geoscientists and a full-time employee of Kingston Resources Limited. Mr Hayward has sufficient experience in the style of mineralisation and types of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australian 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 the report of the matters based on his information in the form and context in which it appears. All Mineral Resource estimates were prepared and first disclosed under the JORC Code 2004 and are an accurate representation of the available data and studies for the Mineral Hill Mine. This information has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Work will commence on close of acquisition by the Company to bring each of the Mineral Resourcesinto line with the JORC Code 2012. 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. Competent Person’sStatement – Ore Reserve Reported in Accordance with JORC Code – Mineral Hill Deposit JORC ASX Announcement Competent Person Company The Ore Reserve and Mineral Resources estimates were prepared by a Competent person in accordance with the JORC Code 2012 with exception of the Parkers Hill Mineral Resource Estimates that have been prepared by a Competent Person in accordance with the JORC Code 2004 and have not been updated to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Pearse, Parkers Hill, Jacks Hut and the Southern Ore Zone Mineral Resource estimates and Ore Reserves have been adjusted by mining depletion using the production wireframes created by the site survey department at the time of mining. These wireframes represent the mining activities at these deposits to the best of Kingston’s knowledge although they are not to be viewed as complete or accurate in their entirety and therefore mining depletion may be revised when Kingston is able to produce revised determinations on more complete data and verification thereof. Information pertaining to Mineral Resource Estimates (MRE) and Ore Reserves (OR) in this presentation has been previously released to the public. The tables on this page indicate the authors of the historical Resources/Reserves and the dates they were initially published. Kingston is not reporting these estimates as its own with exception of the MRE and OR for the TSF which has not been reported previously by any other company. The other original reports are available through the ASX website. Misima 2012 KSN 06/06/2022 John Wyche AMDAD Pearse North 2012 KSN 30/9/2024 John Wyche AMDAD Pearse South 2012 KSN 30/9/2024 John Wyche AMDAD SOZ 2012 KSN 30/9/2024 John Wyche AMDAD Deposit JORC ASX Announcement Competent Person Company Misima 2012 KSN 15/09/2021 Stuart Hayward KSN Pearse South 2012 KSN 15/03/2023 Stuart Hayward KSN Pearse North 2012 KSN 7/05/2024 Stuart Hayward KSN Southern Ore Zone 2012 KSN 30/09/2024 Stuart Hayward KSN Jack’s Hut 2012 KSN 21/03/2023 Stuart Hayward KSN Parkers Hill 2004 KBL 13/09/2011 Anthony Johnston KBL The Competent Person signing off on the the overall Pearse Opencut Ore Reserves Estimate is Mr John Wyche BE (Min Hon) BComm CP, of Australian Mine Design and Development Pty Ltd, who is a Fellow of the AusIMM 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 information pertaining Mineral Hill Pearse open pit Ore Reserves in the form and context in which it appears. The Competent Person signing off on the overall underground SOZ Ore Reserves Estimate is Mr Steven Weckert BE ME (Min) CP, of Australian Mine Design and Development Pty Ltd, who is a Member of the AusIMM and who has sufficient relevant experience in operations and consulting for underground metalliferous mines. Mr Weckert consents to the inclusion in this report of the information pertaining to the Mineral Hill SOZ Ore Reserve in the form and context in which it appears. www.kingstonresources.com.au I ASX: KSN 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. Ore Reserve Mineral Resource Kingston AGM Presentation 25 Mineral Hill – resources & reserves Attractive commodity base with significant growth potential Total Probable Ore Reserves Measured Resource Inventory Kt Au (g/t) Ag (g/t) Pearse South 140 4.30 85 19 383 Southern Ore Zone 233 2.01 11 1.2% 0.2% Pearse North 240 3.20 33 25 255 TOTAL 228 2.11 11 1.3% 0.5% 700 1.40 20 0.8% 1.9% 1.6% 30 450 5.5 13 11 1,080 2.2 31 0.8% 1.9% 1.6% 74 1087 5.5 13 11 Deposit Southern Ore Zone TOTAL Cu % Pb % Zn % Au (Koz) Ag (Koz) Cu (Kt) Pb (Kt) Zn (Kt) Total Mineral Resources Deposit Pearse South • • • • • Kt 204 Au (g/t) 3.77 Ag (g/t) Cu % Pb % Zn % 70 Au (Koz) 25 Ag (Koz) Cu (Kt) Pb (Kt) Zn (Kt) 456 Pearse North 292 3.18 34 30 318 Southern Ore Zone 3776 1.83 17 1.0% 1.3% 1.1% 222 2017 37 51 40 Jack's Hut 1640 1.25 20 0.9% 0.8% 0.6% 66 1051 15 14 10 Deposit Kt Au (g/t) Ag (g/t) Cu % Pb % Zn % Au (Koz) Ag (Koz) Cu (Kt) Pb (Kt) Zn (Kt) 0.4% 15 80.9 3 1 1 0.3% 15 80 3 1 1 450 28 Indicated Resource Inventory Pearse South 164 4.10 85 22 Pearse North 270 3.20 34 28 297 Southern Ore Zone 1,667 1.37 23 1.0% 2.1% 1.7% 73 1,233 16 36 Jack's Hut 608 1.53 7 1.3% 0.5% 0.4% 30 134 8 3 2 Parkers Hill 1,793 0.191 42 1.3% 2.1% 0.9% 11 2,443 23 38 16 TOTAL 4,938 1.11 31 1.1% 1.9% 1.1% 176 4,556 47 77 46 Parkers Hill 1843 0.19 43 1.3% 2.1% 0.9% 11 2520 23 39 17