Announcement PDF Mineral Hill Project Data Mining for a Long Life Hardrock Mine SMEDG Technical Presentation 27th July 2023 Stuart Hayward, Chief Geologist  Mineral Hill delivering growth in gold and copper production  3.8Moz Misima Gold Project Definitive Feasibility Study complete ASX: KSN Important Notices and Disclaimer Forward looking statements: 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 forwardlooking 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, $6.5m Capital Raising or Mineral Hill Production Expansion. 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. www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 2 Important Notices and Disclaimer Underground Production Target The LOM plan includes Mineral Resource Estimates from 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. Probable Ore Reserve provides 46% of the total LOM processing plant feed tonnage. The Underground production target is based on Mineral Resource estimates and comprises Measured (7%), Indicated (31%), Inferred (56%) and unclassified (6%) material. 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 SMEDG Technical Presentation July 2023 3 Company vision Becoming a leading ASX-listed mid-tier gold and copper producer, pioneering excellence and delivering sustainable value to stakeholders Two advanced 100%-owned gold & copper projects Management team; jurisdictional experience and a track record of success Long-term diversified gold-copper producer in NSW Exceptional growth opportunity; exploration upside & regional acquisition Existing approvals and extensive infrastructure AU$18+ million cash and existing operating cashflow for growth expansion www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 4 A diversified portfolio of gold and copper projects Unleashing exponential growth and value Mineral Hill Mine, NSW (100%) • Well-funded: Estimated cash balance of AU$18.2M and existing operating cash flow from the Tailings Project. • Mining Expansion: Open pit and underground mining scheduled out to the end of 2027. • Significant Upside: Current life of mine only utilizes 22% of the current 8.9Mt of Mineral Resources. • Infrastructure Excellence: Extensive existing infrastructure with all permits approvals in place. • Exploration Potential: Exceptional upside within current Mining Leases (ML) and Exploration Licenses (EL). • Current Focus: Maximizing returns through Tailings Project gold production, proactive exploration drilling, and strategic underground re-entry efforts. www.kingstonresources.com.au I ASX: KSN Misima Gold Project, PNG (100%) • Strong Financial Viability: Pre-Tax Net Present Value (NPV) of A$956 Million (based on a US$1,800/oz Gold Price). • Gold Price Sensitivity: Highly leveraged to the upside of the gold price, amplifying potential returns. • Current Focus: Prioritizing ESIA reports, strategic funding & development strategies. 1. 2. See ASX Announcement dated 27 June 2023, $6.5m Capital Raising or Mineral Hill Production Expansion See ASX Announcement dated 3 July 2023, Additional funding received from PURE Asset Management SMEDG Technical Presentation July 2023 5 Corporate snapshot Current Share Price1 $0.08 Directors & Management Mick Wilkes Non-Executive Chairman 35+ years experience Shares on Issue 468.6M Andrew Corbett Managing Director 25+ years experience Market Capitalisation $38.4M Stuart Rechner Non-Executive Director 20+ years experience Enterprise Value $30.2M Tony Wehby Non-Executive Director 35+ years experience Cash2 $18.2M Stuart Hayward Chief Geologist 35+ years experience Debt $10.0M Geoff Merrell GM Mineral Hill 25+ years experience 12 month Share Price Performance Shareholder Structure MarketVolume ('000) (RHS) Close Price (A$) (LHS) $0.16 8,000 $0.14 7,000 $0.12 6,000 $0.10 5,000 $0.08 4,000 $0.06 3,000 $0.04 2,000 $0.02 1,000 $0.00 Jun-22 0 Aug-22 Oct-22 Dec-22 Feb-23 Apr-23 ● Quintana ● Delphi ● Winchester Investments ● Farjoy ● BNP Paribas Nominees ● Other shareholders 11.7% 13.1% 7.4% 6.8% 4.1% 56.9% 1. Close of trading 18 July 2023. 2. Estimated Cash balance, as at 30 June 2023 www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 6 Mineral Hill Overview SMEDG Technical Presentation July 2023 7 Mineral Hill – strategic location Significant organic and regional resource growth opportunities Abundance of gold-silver and polymetallic Cobar-style deposits within approved ML’s and within trucking distance of Mineral Hill processing plant Wonawinta Manuka Federation Aurelia Location 516km W of Sydney NSW in Cobar Basin Ownership 100%: 20 ML’s (4.85km2) and 2 EL’s (335km2) Reserves (recovered)1,2 53,000 AuEq oz Resources (recovered)1,2 795,000 AuEq oz (40% Cu, 30% Au) Orebody Structure controlled- polymetallic base metal breccia & vein; Low-sulphidation epithermal Mining Methods Open pit and underground long-hole stoping Water Supplied from underground and site storage Power Mains with grid upgrade Historical Production 396koz Au, 33kt Cu (plus Pb, Zn concentrate) 1. Gold equivalent ounces calculated based on consensus commodity prices with adjustments based on company expectations. See Appendix for equivalency calculations 2. See KSN ASX announcements on 18 November 2021, 24 November 2022, 15 March 2023, 21 March 2023 for additional Mineral Hill Resource and Reserve information. www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 8 Mineral Hill – Evolution and Growth Phases Long life, strategic asset in the southern Cobar region Phase 3 Phase 2 Phase 1 Open-pit and Underground Mining Tailings Project Cash Flow • Continuing gold dore production from the Tailings Project. • Refurbish the existing processing plant and underground infrastructure. • Build the resource and refine mine planning. www.kingstonresources.com.au I ASX: KSN • Current LOM out to 2027+ • Targeting 30 - 35kozpa+ AuEq. • Dore, gold concentrate, copper, lead and zinc concentrate. • Organically grow the resource base. • Pipeline of resources development targets beyond LOM inventory. Grow and Expand • Extend the LOM. • Add quality throughput to maximise free cash flow. • Target flotation plant expansion from 350ktpa to 500ktpa. • Aspiration of 50kozpa+ AuEq. • Grow through regional acquisition. SMEDG Technical Presentation July 2023 9 Mineral Hill – mining lease and infrastructure Extensive existing infrastructure enables accelerated path to gold-silver dore, copper, lead and zinc production EL1999 Pearse Nth • History of underground and open pit mines. • Numerous gold-silver and polymetallic Cobar style mineral deposits all within approved mining leases. Mineral Resources Additional Deposits • Current cash flow from reprocessing historical tailings, owner miner. • Full mine approvals, environmental permits & biodiversity offset, tailings facilities, water and power all in place. Pearse Sth Hut Processing Infrastructure • CIL with 700ktpa capacity. GD140 Parker’s Hill • Flotation plant capacity of 350ktpa. • 3 x separate base metal concentrates; copper, lead and zinc (superior payability compared to bulk concentrate). www.kingstonresources.com.au I ASX: KSN Parker’s Hill East TSF SOZ EL1999 SMEDG Technical Presentation July 2023 10 Mineral Hill – Initial LOM to 2027 Key stages in implementing transformational growth at Mineral Hill Calendar Year 2023 2024 2025 2026 2027 Cash flow from Tailings Project Processing plant refurbishment Underground re-access works Underground resource drilling Open pit mining Open pit processing Underground mining Underground processing www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 11 Mineral Hill Mine – Resources & Reserves Attractive commodity base with significant growth potential • High grade Pearse open pit Mineral Resources. • Polymetallic underground Mineral Resources. • Additional resource areas to be estimated in CY23 (Parker’s Hill & Red Terror) Total Mineral Resources Deposit Au (g/t) 1,171 1.07 0 40 204 3.77 70 25 Pearse North 239 2.97 25 23 190 Southern Ore Zone 3804 1.29 19 0.9% 1.6% 1.4% 158 TSF Total Probable Reserve Inventory Deposit Kt Pearse South Zn % Au (Koz) Ag (Koz) Cu (Kt) Pb (Kt) Zn (Kt) 2349 34 60 54 456 Au (g/t) 1.07 Pearse South 140 4.00 84 18 375 Jack's Hut 1640 1.25 20 0.9% 0.8% 0.6% 66 1051 15 14 10 Pearse North 120 3.40 25 13 95 Parkers Hill 1843 0.19 43 1.3% 2.1% 0.9% 11 2520 23 39 17 1,431 1.6 57 71 470 TOTAL 8,901 1.13 26 1.0% 1.6% 1.1% 323 6,566 72 113 81 www.kingstonresources.com.au I ASX: KSN Ag (Koz) Pb % Kt TOTAL Au (Koz) Cu % 1,171 TSF Ag (g/t) Ag (g/t) 40 SMEDG Technical Presentation July 2023 12 Mineral Hill – production outlook Zinc Transitioning to open pit and underground mining Lead • Successful Tailing project delivering platform for growth. FY261 • LOM production target out to 2028. • Transition to open pit production in April 2024. Copper Silver • High grade gold and silver from open pit mining. • Underground mining to produce high-tech critical metals, with first copper concentrate in CY2025. Silver Lead Zinc • High potential to add mining inventory from exploration within the current mining leases. FY251 Gold Copper Gold Gold FY241 Silver 1. Pie sectors based on proportion of payable metal. www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 13 Mineral Hill – leveraging existing gold production from the Tailings Project Tailings processing with CIL capacity up to 700ktpa Quarterly Gold Production • Optimised the Tailings Project; increased throughput rates and increased recovery. Gold Sold (oz) • Gold production increased significantly, leading to reduced unit costs since the start of the project. AISC (A$/oz) 6,000 5,000 • Mining of the tailings facility allows it to be rebuilt for future tailings storage. Gold Sales (oz) and AISC (A$/oz) • Owner mining focus to drive down costs. 5,000 4,431 4,000 4,777 3,000 2,500 3,000 1,000 4,000 3,500 3,705 3,153 2,000 4,500 2,079 2,000 1,770 1,543 1,500 1,494 1,000 500 - - Figure: Tailings Mining Project – current high margin gold production www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 14 Mineral Hill – Surface Mining High-grade gold ore with silver credits • Two separate open pits at Pearse: • New pit at Pearse North • Deepening and cutback of Pearse South • All permits, management plans and environmental approvals in place. • High-grade gold/silver ore (4.4g/t AuEq). • Owner mining strategy to be employed. • Discovering additional high-grade Au/Ag deposits within the ML will be a key focus. Mining Unit Open pit Oxide Tonnes kt 7.8 Sulphide Tonnes kt 250 Total Ore Tonnes kt 258 Gold g/t 3.7 Silver g/t 58 Gold koz 31 Silver koz 470 Total Waste Tonnes kt 2,674 Total Ore Tonnes kt 258 Total Material Movement kt 2,933 Strip Ratio W:O 10:1 Grades Metal Material Movement Pearse North and South pit designs www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 15 Mineral Hill – Underground Mining Existing decline development minimises capital requirement to access high-grade ore • Production target1 using the Southern Ore Zone (SOZ) and Jack’s Hut MREs. • Existing decline development reduces capital expenditure. • Access to SOZ underground development has commenced. • Resource drilling in Q2FY24. Initial Ore Reserve by Q4FY24. • Jack’s Hut is highly prospective with potential to increase Mineral Resources along the entire Mineral Hill trend (2.2km strike length). Underground longitudinal projection looking east – Jack’s Hut and Southern Ore Zone www.kingstonresources.com.au I ASX: KSN 1. Mining Physicals Mining Development Ore Tonnes Stope Ore Tonnes Grades (Dev and Stope) Gold Silver Copper Lead Zinc Metal Gold Silver Copper Lead Zinc Material Movement Waste Tonnes Ore Tonnes Total Material Movement Lateral Development Capital Development Operating Development Total Lateral Development Vertical Development Vertical Development See ASX Announcement dated 27 June 2023, $6.5m Capital Raising or Mineral Hill Production Expansion for key assumptions. Unit Underground kt kt 112 773 g/t g/t % % % 1.7 18 0.9% 1.6% 1.3% koz koz kt kt kt 47 503 8 14 11 kt kt kt 309 885 1,194 m m m 1,509 6,845 8,534 m 240 SMEDG Technical Presentation July 2023 16 5 Yr Production & Development Plan Mineral Hill – Mine Ore Zones, Resource & Reserve Status 1. TSF1 KSN 2. Pearse South KSN 3. Pearse North KSN 4. Southern Ore Zone KSN • SOZ Reserve due June 2024 5. Jack’s Hut KSN • Jack’s Hut • Iodide • Missing Link • Ashes 6. Parkers Hill – Red Terror KBL 7. GD140 8. Eastern Ore Zone EL1999 3 JORC 2012 Reserve JORC 2012 Reserve JORC 2012 Reserve JORC 2012 Resource 2 Pearse Nth Pearse Sth JORC 2012 Resource Jack’s Hut 5 7 EOZ 8 TSF JORC 2004 Resource 1 4 GD140 6 Parker Hill SOZ EL1999 EL1999 www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 17 Advanced near mine development plan Resource expansion strategy and near mine exploration FY23/24 EL1999 4 • Drilling at Pearse North to test Inferred and for pit slope analysis. Pearse Nth • Drilling at SOZ to test Inferred and determine potential stope spans. Pearse Sth 3 • Drilling from underground to test SOZ Inferred and find extensions. 2 • Surface RC/diamond drilling at Jack’s Hut – infill shallow levels and find extensions to modelled structures. 5 GD140 Jack’s Hut EOZ • RC/Diamond drilling near mine geophysical targets. 1 Southern Ore Zone (SOZ) Extension. 2 Ashes Graben. 3 Area 6. 4 Bogong Prospect. 5 EOZ Extensions www.kingstonresources.com.au I ASX: KSN Parker Hill TSF SOZ EL1999 1 EL1999 SMEDG Technical Presentation July 2023 18 Mineral Hill Resource Development and Exploration Strategy SMEDG Technical Presentation July 2023 19 Production & Development Plan Aiming for new mine production from late 2023 – enhance existing Resources & Reserves + Discovery 2022 2023 2024 2025 2026+ Tailings production Pearse South/Pearse North SOZ underground Jacks Hut Parkers Hill / GD 140 Drilling Development Production • Focus on Pearse open pits and SOZ underground for production following tailings processing • Targeting commencement of production from existing Reserves at the Pearse pits followed by a restart at SOZ utilising the existing underground development • Development of advanced open pit targets at Jacks Hut, Missing Link and Parkers Hill to secure longer term production growth beyond initial five-year mine plan • Discovery of new deposit through efficient and effective exploration on KSN tenements www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 20 Exploration & Resource Development Update Exploration & Resource Definition Strategy Growing the Company by Growing Mineral Hill Strategic Aims: Define new mine production from late 2023 underpinned by existing resource and reserve base and new discoveries 1. Mine Lease Areas (ML) (4.85 km2) Enhance, extend and discover Mineral Resources that meet JORC 2012 standards, that will efficiently convert to Ore Reserves that form and establish a Life of Mine Plan for the Mineral Hill Mine (ML) beyond the TSF project. 2. EL1999 (38.3 km2) Develop a ranked pipeline of targets on EL1999 and a program of works to test and advance targets with the highest potential for economic extraction. 3. EL8334 (290 km2) Develop a ranked pipeline of targets on EL8334 and a program of works to test and advance targets with the highest potential for economic. 4. Seek regional projects and opportunities that have the potential to add ore feed to the Mineral Hill processing plant and extend Project life. KSN Mineral Hill Project tenement package www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 21 Mineral Hill Regional Context SMEDG Technical Presentation July 2023 22 Exploration & Resource Development Update Agenda • Regional Context • EL8334 Review and Target Generation • EL1999 Review and Target Generation • Mineral Hill Resource Development update Mineral Hill Project Area viewed to the Southeast (Foreground Pearse North – Pearse South; Middle distance – Processing Plant; TSF Project) www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 23 Mineral Hill District - Regional Context Regional scale metallogenic and structure framework • Regional scale metallogenic and structure framework • Controlling mineral system location and development - deep tapping magmatic fluid pathways • Gilmore Fault Zone (Gilmore Suture) • Compound fault complex striking N-NNW • Eastern boundary of Siluro-Devonian sediments and volcanics of the Cobar Supergroup and Cobar Basin • Boundary between Siluro-Devonian Kopyje Group and Ordovician multiply-deformed turbidites – Girilambone Group and Ordovician Macquarie Arc • Lachlan Transverse Zone (LTZ) - a major yet subtle westnorthwest- trending structure that cuts across the Tasmanides of southeastern Australia(Glenn & Wurth, 1999). • Framework manifests as breaks in trends of gravity signal that defines regional scale Orogens and geological units. 100km NSW Iso. Grav. 500m www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 24 Mineral Hill District - Regional Context Regional scale metallogenic and structure framework • Regional scale metallogenic and structure framework • Controlling mineral system location and development - deep tapping magmatic fluid pathways • Framework manifest as breaks and offsets in trends of magnetic domains that defines regional scale Orogens and geological units • Interaction between Gilmore Suture and Lachlan Transverse Zone (LTZ) manifest as major flexures in the basin edge parallel structures • Locus of multiple mineral deposits and mineral occurrences • Mineral Hill ML and EL tenements capture highly prospective terrain over 335 km2 100km NSW RTP TMI 25m www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 25 Mineral Hill District - Regional Context Regional Geophysics - Gravity • Major crustal structures • Gravity • Resistivity contrasts in magnetotellurics (MT) • Change in Ordovician basement geology from Adaminaby Group to Girilambone Group • Coincident: o Gilmore Fault Zone o Deep crustal faults o Axis of hotter o Corresponds with Lachlan Transverse Zone and the Rookery Fault • Favourable structural architecture with intrusive granites 50km Isostatic Gravity with trend of higher metamorphic grade Data & NSW Solid Geology interpretation from MinView geoscience data and web mapper www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 26 Mineral Hill District - Regional Context Mineral Systems & Target Type W Gilmore Fault Zone E Target Type: Orogenic Mineral Systems • Granite fluid & metal source • Structure pathways • Host rock traps • Preservation Prospective for: • Cobar type Zn-Pb-Ag • Cobar type Cu-Au • Lode Au • Lode Sb-Au Mineral systems framework for critical commodities- Diagrammatic sketch of the orogenic mineral system illustrating the relative location of deposits types within the overall setting and the likely distribution of critical and other commodities within and around these deposit types. Ref. Geoscience Australia www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 27 Mineral Hill District - Regional Context Mineral Hill District – Geology • • • • • • EL 1999 and EL 8334 cover a NW-trending corridor - the Canbelego – Mineral Hill Belt. The licences host Ordovician Girilambone Group overlain by Early Devonian rocks and Quaternary cover. The oldest rocks in the area are the Cambro-Ordovician Girilambone Groups which represent a sequence of metasediments and mafic volcanics. This stratigraphic unit is characterised by a high response in the magnetic data. The Girilambone Group is overlain by the Mineral Hill Volcanics – a series of pyroclastic flows (ignimbrites, vitric and lapilli tuffs) with intercalated sediments of Silurian – Lower Devonian age. The Mineral Hill Volcanics are overlain by units of the Majuba Volcanics (feldspar +/- quartz phyric, locally flow-banded rhyolitic to dacitic lavas), Devonian Talingaboolba Formation (a monotonous sequence of sandstones, siltstones and conglomerates which either unconformably overlie the Mineral Hill Volcanics or are over-thrust over the volcanics) and Myamley Sandstone. Sedimentary and volcanic units have been intruded by Yellow Mountain Granite – a foliated, medium-grained, equigranular and porphyritic biotite granite www.kingstonresources.com.au I ASX: KSN 100km SMEDG Technical Presentation July 2023 28 Mineral Hill District - Regional Context Mineral Hill District – Geology and Deposit Styles • Gilmore Fault Zone striking N-NNW (orogenic Au, e.g. Mt Boppy) • Devonian Yarra Yarra Creek Group sediments and limestone (carbonate replacement e.g. Manuka) • Siluro-Devonian granite - Yellow Mountain Granite (intrusive related e.g. Yellow Mountain) • Siluro-Devonian sediments and volcanics of the Cobar Supergroup, Kopyje Group (Cobar-type Zn-Pb-Ag and Cu Au e.g. Mineral Hill, Hera, Peak, CSA, Endeavour) • Ordovician multiply-deformed turbidites – Girilambone Group (orogenic Cu-Ag-Au e.g. Tritton) 100km www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 29 Mineral System Approach to Exploration and Evaluation Key Exploration Tools and Concepts Schematic cross section of geophysical features associated with the Southern Ore Zone mineralization. • Surface geology • Aeromagnetics and radiometrics + Gravity • Surface geochemistry (Soil, Rock Chip, Stream Sed, etc.) • Coincident IP chargeability high and gravity low/high contrast • Linear to arcuate IP chargeability high • Mineral system models, and metal & alteration zonation • Drill hole and mining data sets www.kingstonresources.com.au I ASX: KSN Cypress (1969-1970) Dipole-Dipole IP Chargeability Model depth slices (colour image) over magnetics (background texture) with known resources (yellow and purple polygons). Deposit and lode specific metal zonation and pathfinder elements (Compound projection from the east) 1999 Soil geochemistry SOZ lode specific metal zonation (after Morrison & Others) EL1999 RTP Magnetics SMEDG Technical Presentation July 2023 30 Mineral Hill EL8334 Exploration and Targets SMEDG Technical Presentation July 2023 31 EL8334 Exploration EL8334 Exploration • District scale review – geology & geophysics • Mineral systems approach to better understand prospectivity and exploration potential • Reporting and data of c. 36 previous explorers • Previous exploration data sourced from Minview (GSNSW web access for geoscientific data): stream sediments, soils, rock chips, drilling • Targets identified in EL8334 also guided by prev. consultants: E.g. geochemical thresholds of Rutherford (1996), and structural dilational zones of Etheridge Henley Williams (1997) Magnetics TMI RTP 1VD highlighting the Gilmore Fault Zone www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 32 EL8334 Exploration EL8334 Target Summary EL8334 targets • Prospective geological units • 40+ line km of Pb-Zn-+/-Cu in soil geochemistry anomalies • Multiple Au-As in soil geochemistry anomalies • Coincident complex AEM response • Existing detailed gravity data • 5 principal target areas 1. Claytons Dam (Au) 2. Walkers Hill (Au-Cu-Pb) 3. Long Panel Mine & Websters Gossan (Pb-Zn-Cu-Au) 4. Gleninga (Au) 5. Yellow Mountain & China Workings (Pb-Zn-Cu-Au) www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 33 EL8334 Exploration EL8334 FY24-25 Focus Areas • Aim: assess and explore and turnover targets areas in the next 2 year period • Strategy: Focus on known Base metal and precious metal target areas from historical data • Staged assessment • EL wide geophysical target assessment and review in context with regional and detailed magnetics, gravity and HTEM data sets • 5 primary target areas in the south • Walkers Hill and NW • Low cost, rapid coverage of target zones with Cypress Pines and Soil Geochem with pXRF (See Inset) • Reconnaissance RC of selected targets to 200mdh www.kingstonresources.com.au I ASX: KSN SMEDG Technical Presentation July 2023 34 Mineral Hill EL1999