Announcement PDF Step change in cash flow with open pit mining RIU Sydney Conference Accelerating to Hard Rock Mining Expanding the underground mine life May 2024 Building a Gold and Copper miner 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, $6.5m Capital Raising or Mineral Hill Production Expansion. www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 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. 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 forwardlooking statements included in this announcement. The detailed reasons for that conclusion are outline throughout this presentation. www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 3 Kingston Resources: Investment highlights 1 Successful Tailings Project & Open Pit Restart1: +$25m operating cash from the Tailings project, Pearse open pit restart (Q2'24), boosting payable metal 133% YoY (FY25) to ~7kt CuEq (high-grade gold/silver). 2 Processing Plant Expansion & Resources Growth: Refurbishment nearing completion, crushing to start Q2'24. Internal expansion studies underway. Initial underground reserve (Q3'24), drilling for expansion (Q4'24). 3 Strategic Advantage & Energy Transition Alignment: KSN owns 1 of 2 polymetallic plants with a CIL in Cobar Basin. Mineral Hill supports green metals demand. 4 Misima Gold Project Potential2: Large, low-cost 20-year gold project with A$1.3Bn2 NPV at a gold price US$2,000/oz. 5 Funded Growth1: $13.5 recent equity raise to accelerate Hard Rock mining at Mineral Hill and evaluate strategic options for Misima. 1. See ASX Announcement dated 2 April 2024 & 27 June 2023, 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 RIU Sydney Conference | May 2024 4 Corporate snapshot 3-Year Share Price Performance Shares on issue 633.7m Warrants & options2,3 98.7m Share price @ 6 May 2024 $0.07 0.3 Market cap @ 6 May 2024 $42.5m 0.2 Cash @ 8 April 2024 $10.7m 0.1 Restricted cash for environmental bond $7.3m 0 Debt ($5m mature 7 July 2026, $5m matures 29 June 2027) $10m Market Volume('000) RHS Close Price (A$) (LHS) 8000 6000 4000 2000 Jun 19 Sep 19 Dec 19 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Jun 21 Sep 21 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 0 Shareholder Structure ● Quintana ● Delphi ● Winchester Investments ● Farjoy ● Other shareholders 10.5% 10.2% 9.9% 7.5% 61.8% 1. Estimated Cash balance, as at 8 April 2024, excludes $7.27m 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 post capital raise www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 5 Strategic regional setting for foundational base metals1 • Strategic advantage of ownership of flexible processing capacity and 8.9Mt of polymetallic resources • Clear path to underground mining sees increasing levels of copper and zinc production Zinc Lead Gold Silver FY24 FY27 Copper Silver Gold 1. See ASX Announcement dated 2 April 2024 & 27 June 2023, for further detail and key assumptions www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 6 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 Harmony Gold (Aust) Pty 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 RIU Sydney Conference | May 2024 7 Mineral Hill Growth strategy for 2024 and beyond Growth Strategy for 2024 and Beyond www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 8 Extensive existing infrastructure Targeting a mine plan beyond 10 years Mineral Hill Processing Capacity Production set to increase 133% in FY25 700 ktpa Phase 1 Complete the Tailings Project Phase 3 Regional acquisition potential to expand the processing capacity 350 ktpa Today The Future Float capacity CIL capacity 8,000 3.14 3.18 3.03 6,000 4,000 4.0 3.0 2.0 0.86 2,000 1.0 - 0.0 FY24 FY25 FY26 CuEq Grade (%) Phase 2 Lift production in FY25 , commence copper production and extend the mine life Payable Metal (CuEq t) Metal Forecast1 FY27 Gold Silver Copper Lead Zinc CuEq Grade (%) 1. See ASX Announcement dated 2 April 2024 & 27 June 2023, for further detail and key assumptions. www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 9 Profitable growth: Mineral Hill drives cash & resources Strong operational performance; well-positioned for continued growth Delivering the Plan- $25m operating cash flow since acquiring Mineral Hill January 2022 ($23m total consideration1) Resource Growth – Total Mineral Resources now at 767,000 oz AuEq Extending the Life of Mine - Targeting greater than 5 years life of mine through open pit and underground mining Critical Minerals - NSW Government’s critical minerals grant of $500k facilitating copper production in 2025 1. ASX : Mineral Hill transaction completion 18/1/2022; Acquisition of Mineral Hill Gold and Copper Mine 18/11/2021 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. 3. Gold equivalent calculated based on consensus commodity prices with adjustments based on company expectations. See Appendix for equivalency calculations www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 10 Mineral Hill: strategic location in the Cobar Basin Significant organic and regional resource growth opportunities Abundance of gold-silver and polymetallic deposits within trucking distance of Mineral Hill processing plant • Prime Cobar Basin Location: Situated in the heart of Australia's premier mining basin, rich in copper (critical for clean energy). • Infrastructure & Workforce Ready: fully approved project, excellent infrastructure and skilled workforce for efficient operations. Figure: Mineral Hill regional geology, resources and infrastructure. www.kingstonresources.com.au I ASX: KSN 1. 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. RIU Sydney Conference | May 2024 11 Refurbished plant scheduled for Q4 FY2024 Transforming Mineral Hill back to a hard rock mining operation Fast-Track to Production: All approvals secured, refurbishment on track (crushing to commence Q2'24), initial oxide ore feed for dore production. www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 12 Underground and open pit mining Focus on extending 5-year mine life, producing both precious and base metals Open pit mining to commence in Q2 2024 Underground refurbishment is well advanced Calendar Year 2023 Underground drilling to commence in Q4 2024 2024 Underground mining to commence later H1 2025 2025 2026 2027 + Tailings Project Open pit mining (Pearse) Underground resource drilling Underground mining www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 13 Pearse Open Pit Mining- Updated MRE Significantly larger gold deposit • Updated Pearse North MRE, with gold and silver increasing from the previous estimate 30% and 67% respectively • Both pits contain high grade gold and silver • All permits and approvals in place Table 1 Pearse North Mineral Resource Estimate at 1.0g/t Au Cut Off Classification Total Tonnes kt Grade Au g/t Grade Ag g/t Metal Au koz Metal Ag koz 292 3.2 33.9 30 318 Table 2 Pearse South Mineral Resource Estimate at 1.0g/t Au Cut Off Classification Total Tonnes kt Grade Au g/t Grade Ag g/t Metal Au koz Metal Ag koz 204 3.8 69 25 457 * Due to rounding to appropriate significant figures, minor discrepancies may occur, tonnages are dry metric tonnes. 1. See ASX Announcement dated 7/5/2024 and 15/3/2023 www.kingstonresources.com.au I ASX: KSN Pearse North and South pit designs RIU Sydney Conference | May 2024 14 SOZ underground mining – low cost, high-grade Reduced capital required for high-grade ore: leveraging existing declines Long section of Southern Ore Zone looking east • Production target1 using the Southern Ore Zone (SOZ) and Jack’s Hut • Existing decline development reduces capital expenditure • Access to SOZ underground is complete • Mineral Resource update and Ore Reserve work due Q4 2024 • Jack’s Hut is highly prospective - potential to increase Mineral Resources Underground long section looking east – Jack’s Hut and Southern Ore Zone Mineral Resource Estimate for the Southern Ore Zone, November 20222 Tonnes (Mt) 3.80 Mineral Hill Trend – 2.5km strike length 1. See ASX Announcement dated 27 June 2023, $6.5m Capital Raising or Mineral Hill Production Expansion for key assumptions. 2. See ASX Announcement dated 24 November 2023 and 21 March 2023 for MRE announcements www.kingstonresources.com.au I ASX: KSN Au g/t 1.29 g/t Ag g/t 19 g/t Cu % 0.9% Pb % 1.6% Zn % 1.4% Pb % 0.8% Zn % 0.6% Mineral Resource Estimate for the Jack’s Hut, 21 March 20232 Tonnes (Mt) 1.60 Au g/t 1.25 g/t Ag g/t 20 g/t Cu % 0.9% RIU Sydney Conference | May 2024 15 SOZ underground – infill drilling Infill drilling expands high-grade copper • New Discovery at Mineral Hill • New lode intersected in the footwall (New Structure #2) Existing Mineral Resource Zone • 12.5m @ 3.41% CuEq1 (KSNDDH017) • Infill drilling confirms main underground lode over 400m strike: • 3m @ 8.13% CuEq (KSNDDH020) Potential Mineral Resource Expansion Zone • 3m @ 6.18% CuEq (KSNDDH022) • 10.2m @ 2.73% CuEq (KSNDDH023) 1. See ASX Announcement on 1 November 2023: Near mine discovery at Mineral Hill. CuEq = see the slide on Metal Equivalents 2. See ASX Announcement on 9 April 2024 - Southern Ore Zone Confirmed over 400m Strike www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 16 Advanced near mine development plan 5 EL1999 Resource expansion strategy and near mine exploration • Five priority targets within the ML • Focus on resource expansion and extending the mine life 1 Southern Ore Zone (SOZ) Extension 2 South Aurum (Pearse Corridor) 3 Ashes Graben 4 Parkers Hill East 5 Bogong Prospect www.kingstonresources.com.au I ASX: KSN 4 22 3 2.5km EL1999 1 EL1999 RIU Sydney Conference | May 2024 17 Upside opportunities Resource expansion strategy and near mine exploration EOZ high grade Au target • Existing development in place Parkers Hill MRE update and extensions Red Terror target • Mineralisation over 2.5km • Multiple ore bodies GD140 target SOZ MRE1 update Jacks Hut Infill & Extension New Lode Extension G-H Lode Infill 1. MRE – Mineral Resource Estimate www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 18 Exploration within EL1999 Multiple drill targets to be tested • Several near-mine copper and gold targets • Lead is the primary pathfinder element for polymetallic mineralisation. Copper is highly mobile and less commonly anomalous at surface • Geochemical anomalies coincident with IP chargeability anomalies • Broadly aligned with magnetic lineaments and domains • Multiple untested targets www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 19 Regional exploration Highly prospective exploration tenure within EL8334 • Coincident geophysical features (gravity and induced polarisation) • Highly prospective geology and regional scale structures • Lead-in-soil anomalies adjacent to prospects in neighbouring tenements • The only operating polymetallic processing plant in southern Cobar Basin www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 20 Misima Gold Project RIU Sydney Conference | May 2024 21 Misima – definitive feasibility and ore reserve1 Large scale, long-life, low-cost open pit gold and silver mine • Large, low-cost 20-year gold project with A$956m1 NPV at a gold price US$1,800/oz. • DFS uses $1,800/oz gold price and 0.7 AUD:USD. Gold price scenario of $2,000/oz lifts LOM NPV to $1.3bn Misima Project • 600km from Port Moresby • DFS Complete • Historically produced 4Moz AuEq over 15 years 3.8Moz Gold 22.1Moz Silver Resource Resource 1.73Moz Gold 4.1Moz Silver Ore Reserve Ore Reserve 2.4Moz $956M pre-tax NPV with 22% IRR • Kingston is running a process to bring about value realisation through a sale or JV Poured gold koz Recovery 160 Production at AISC 100% 140 120 95% A$1,217/oz 20-year life of mine 100 80 90% 60 40 85% LOM Revenue $6.1bn and 20 - 80% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Years LOM pre-tax FCF $2.7bn Extensive mining history de-risks development pathway 1. See KSN ASX announcements on 6 June 2022 for further detail www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 22 Misima Project History 5 High leverage to the gold price 3 $2,500.00 2 1 2017 - KSN commences Misima earn-in $2,000.00 KSN initiates sale/JV process 4 2019 – KSN completes 100% ownership 2021 Resource grows to 3.8Moz 2022 Misima DFS 5 4 3 Gold Price 2 $1,500.00 1 1988 Commencement of mining, 4.0Moz AuEq over 15 years $1,000.00 2004 Misima decommissionsed by Placer Dome $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 RIU Sydney Conference | May 2024 23 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 Insert mining picture Prime Cobar Location: Mineral Hill in heart of Cobar Basin, rich in copper & gold (clean energy transition) Excavator/truck Fast-Track Production Boost: Open pit mining at Pearse to start Q2'24 (133% YoY metals production increase). Processing plant expansion in the final stages Strong Financials & Infrastructure: $13.5m secured for growth. Tailings retreatment success positions company for open pit restart Misima Gold Project: Large scale, long-life, low-cost open pit gold and silver mine www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 24 Appendix www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 25 Building a safety culture and establishing our ESG framework 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 RIU Sydney Conference | May 2024 26 Mineral Hill – Social Licence Environmental and Social Licence to operate • Stakeholder engagement – excellent relationship with landholders, community and Condobolin Chamber of Commerce • Mining Licences (ML) granted • Environment protection, cyanide and water permits in place • Environmental Bonds in place with a staged payment schedule • Development Applications (DA) approvals in place for tailings (TSF), Pearse pits, SOZ underground • Mine Operation Plan (MOP) in place for the tailings retreatment and re-commencing hard rock mining • Biodiversity offset in place, potential to increase offset • Dam Safety NSW site review complete • Tailings Dam strategy • TSF1 currently being re-processed, approval will be sought for re-use as tailings storage on completion • TSF2 approved, lift 4 and 5 designed providing storage capacity for 2.5 years www.kingstonresources.com.au I ASX: KSN RIU Sydney Conference | May 2024 27 Mineral Hill Mine – Resources and 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 CY24 (Parker’s Hill and Red Terror) Total Probable Reserve Inventory Deposit Kt Au (g/t) TSF 437 0.89 Pearse South 140 4.00 84 18 Pearse North 120 3.40 25 13 TOTAL 697 1.9 57 44 www.kingstonresources.com.au I ASX: KSN Ag (g/t) Au (Koz) Ag (Koz) Total Mineral Resources Deposit Kt Au (g/t) Ag (g/t) Cu % Pb % Zn % Au (Koz) TSF 437 0.89 0 13 Pearse South 204 3.77 70 25 Ag (Koz) Cu (Kt) Pb (Kt) Zn (Kt) 34 60 54 456 Pearse North 292 3.18 34 30 318 Southern Ore Zone 3804 1.29 19 0.9% 1.6% 1.4% 158 2349 375 Jack's Hut 1640 1.25 20 0.9% 0.8% 0.6% 66 1051 15 14 10 95 Parkers Hill 1843 0.19 43 1.3% 2.1% 0.9% 11 2520 23 39 17 470 TOTAL 8220 1.14 27 1.0% 1.6% 1.1% 302 6693 72 113 81 13 RIU Sydney Conference | May 2024 28 Competent Person Statement Competent Person’s Statement - Mineral Resource Reported in Accordance with 2012 JORC Code – Mineral Hill Competent Person’s Statement - 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’s Statement - Mineral Resource Reported in Accordance with 2004 JORC Code – Mineral Hill Competent Person’s Statement – 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 Resources into 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. Deposit JORC ASX Announcement Competent Person Company Competent Person’s Statement – Ore Reserve Reported in Accordance with JORC Code – Mineral Hill Misima 2012 KSN 06/06/2022 John Wyche AMDAD 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. TSF 2012 KSN 18/11/2021 Jeremy Peters Burnt Shirt Pearse North 2012 KSN 15/03/2023 John Wyche AMDAD Pearse South 2012 KSN 15/03/2023 John Wyche AMDAD Deposit JORC ASX Announcement Competent Person Company Misima 2012 KSN 15/09/2021 Stuart Hayward KSN TSF 2012 KSN 18/11/2021