Quarterly Activities Report
Released
Released
Announcement PDF
ASX/Media Announcement
KINGSTONRESOURCES.COM.AU
202/201 Miller Street,
North Sydney, NSW 2060
+61 2 8021 7492
info@kingstonresources.com.au
Follow us on X (Twitter)
@KSNResources
QUARTERLY REPORT
For the period ending 31 March 2026
Highlights
Financial Performance
• Net revenue from metal sales $24.8m.
• All-in-sustaining cost A$3,128/oz.
• Operating cash flow increased 264% quarter-on-quarter to $11 million.
• Cash on hand increased to $25.4 million (plus $7.4 million restricted cash; Zero debt).
Grades Lift Substantially in Open Pit Mining Operations
• Open pit feed grades increased materially to 2.4g/t gold and 93g/t silver.
• Silver production was a key earnings driver, with 75,578oz sold.
• Pearse South gold sales of 2,011oz.
• Processing plant optimisation underway targeting higher recoveries, higher
concentrate production levels and increased flexibility for underground ore.
Copper Ore Stockpiled from Underground Mining
• First copper-gold ore mined and successfully processed into copper concentrate,
de-risking the transition to underground mining and base metal production.
• Underground ventilation infrastructure installed
Expansion and Development
• High-grade drill hole results continue to validate the geological model and support
resource confidence.
• Updated Mineral Resource estimate underway.
Operational Resilience with Near-Term Production Growth
• Pearse South pit wall stability proactively managed as mining continues.
• Fuel supply secured, with inventory buffers increased amid global uncertainty.
29 April 2026
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Kingston Managing Director, Andrew Corbett, said:
“Kingston delivered a strong financial and operational performance this quarter,
highlighted by a 264% increase in operating cash flow to $11 million and continued
revenue growth supported by record gold and silver prices.
Importantly, we achieved a material uplift in feed grades from Pearse South, which,
combined with strong pricing, drove a significant increase in silver revenue. Ongoing
management of the Pearse South pit wall slowed access to some high-grade ore. This
has been proactively managed with no impact on safety, and positions us for improved
production and cash flow in the second half.
At the same time, we have made substantial progress in advancing our underground
operations. The successful delivery and processing of first copper-gold development ore,
and production of an initial copper concentrate, marks a key milestone in our transition
toward a combined precious and base metals future. With infrastructure now largely in
place, we are well positioned to commence mining of ore stopes later in the year and
build production momentum.
Looking ahead, lower waste movement, higher expected grades and recoveries with
continued strength in commodity prices provide a clear pathway to stronger margins
and cash generation. Combined with a solid balance sheet and ongoing resource
growth initiatives, Kingston is well positioned to deliver sustained operational
performance and long-term value for shareholders.”
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Mineral Hill Operations
Open Pit Mining
Gold and silver grades lifted materially in the ore mined from Pearse South Open Pit
during the quarter. Gold and silver grades averaged 2.4g/t and 93g/t respectively. Mined
silver grades were the key driver on the lift in silver revenue over the quarter.
Ore mined reduced to 55,665t, quarter-on-quarter, reflecting slower mining rates due to
the management of the Pearse South pit wall. Risk reduction measures, including
additional waste stripping, continuous wall monitoring and controlled post-blast stand-
off periods temporarily constrained access to open pit ore during the quarter.
Mining at Pearse South has progressed down to the 240 - 260m RL bench and will be
completed early in the September quarter upon reaching the 225m RL bench.
Importantly, the run-of-mine (ROM) stockpile will contain enough stocks to maintain
production up to the transition to underground ore feed, expected to commence in the
September quarter.
Surface infrastructure development also progressed, with wall lift construction of Tailings
Storage Facility 2. There remains minor earth works and linings activities required to
conform to designs and regulations.
Figure 1: Pearse South Open Pit (looking North) as at 6 April 2026.
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Processing
Gold and silver feed grades increased significantly during the quarter, averaging 2.35g/t
gold and 87.6g/t silver, with 60,893t of high-grade ore processed from Pearse South.
Gold recoveries were impacted by the presence of carbonaceous material in the ore,
which impacted the carbon-in-leach (CIL) circuit and reduced overall recovery to 46.2%
for the quarter. Early indicators from the optimised flotation circuit suggest recoveries in
the June quarter are expected to trend higher. Kingston has taken corrective measures
to improve gold recovery by temporarily halting CIL (dore) production and increasing
concentrate production from the flotation circuit.
Several targeted initiatives were implemented to enhance flotation recovery
performance, including the installation of a concentrate thickener, additional flotation
capacity and commissioning of a higher-capacity filter press. These upgrades have
increased throughput and concentrate mass recovery, with gold recovery expected to
improve materially as optimisation continues.
The Company experienced the dual benefit of an increase in silver ounces sold and a
material increase in the realised silver price. Silver sales were 75,578oz at a realised price
of $122/oz, resulting in $9.2 million in gross revenue. Realised gold prices increased 14% on
the prior quarter to A$7,212/oz from 2,011 ounces sold. Net revenue from gold and silver
increased for the second consecutive quarter, lifting 26% to $24.8 million. All-in-sustaining
costs for the quarter were $3,128/oz.
Table 1: Summary of physicals for open pit mining at Mineral Hill.
Physical Summary Unit Q1 FY26 Q2 FY26 Q3 FY26
Waste Mined t 487,532 618,082 364,646
Ore Mined t 72,525 71,979 55,665
Ore Processed t 75,941 78,112 60,893
Gold Grade g/t 2.05 1.34 2.35
Silver Grade g/t 24.8 87.6
Processing Recovery % 70% 70% 46.2%
Gold Sales oz 2,771 2,564 2,011
Silver Sales oz 25,039 27,974 75,578
Gold Price (Average) A$/oz 5,389 6,353 7,212
Silver Price (Average) A$/oz 63 89 122
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Underground Mining
Underground development activities at Mineral Hill accelerated during the quarter,
positioning the operation for the transition to production. Major advancements have
been made in the recruitment of underground operators, infrastructure installations and
mobile equipment deliveries.
During the quarter, Kingston trucked its first copper-gold ore from underground
development to the surface. This material was stockpiled separately from open pit ore,
and subsequently batch processed through the flotation circuit.
The flotation circuit configuration was successfully transitioned from the gold/silver open
pit material to the copper-gold ore from underground. This significant achievement
substantially elevates the confidence on a swift transition to base metal concentrate
production once the open pit is complete. Additionally, this material will allow Kingston
to deliver early samples to concentrate offtake parties and acquire solid data on
processing efficiency.
This switch to copper concentrate production was a temporary phase and processing has
now returned to gold/silver concentrate production from the open ore.
Figure 2: Copper-gold mineralisation in underground development at SOZ, 1150mRL
location. See below for assay results.
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Table 2: Assay results for samples taken in figure 2.
Sample ID Cu (%) Au (g/t) Ag (g/t)
CS0041 0.50 0.08 1.40
CS0042 0.70 0.59 1.60
CS0043 2.07 0.64 8.90
CS0044 0.65 0.65 2.40
CS0045 0.82 0.03 20.20
Analysis Method Cu-OG62
ME-ICP61
ME-ICP61 ME-ICP61
Note: Visual estimates of mineral abundance should never be considered a proxy or
substitute for laboratory analyses where concentrations or grades are the factor of
principal economic interest. Visual estimates also potentially provide no information
regarding impurities or deleterious physical properties relevant to valuations. Laboratory
assays are required to determine the grade and significance of any mineralisation.
Underground development advance amounted to 244m over the quarter and was mainly
focused on incline development and other capital development. Additionally,
rehabilitation of historical development continued to prepare for stope production.
The return air rise (RAR) was finalised during the quarter, after successfully raiseboring
from surface and shotcrete lining the walls. A new escapeway ladder is being fabricated
and will be installed in the next quarter.
Recruitment of key underground specialists and supervisors accelerated during the
quarter. Mineral Hill is particularly well positioned to attract highly experienced and
capable underground miners. Some of the key appointments include jumbo operators,
charge-up operators and mine geologists. The team now substantially in place ahead of
stope production commencement
The site received delivery of a production drill, an underground loader, an integrated tool
carrier and an agitator. This brings the total pieces of underground equipment to 12, with
only one truck remaining prior to commencing underground production.
KINGSTONRESOURCES.COM.AU | ASX: KSN 7
Figure 3: First production of copper concentrate at Mineral Hill.
Regional Exploration and Underground Drilling
Underground diamond drilling during the quarter focused on the Southern Ore Zone and
Red Terror, supporting both near-term production and longer-term resource growth. The
drill program is dual-purpose, targeting resource definition and infill drilling, alongside
grade control to underpin upcoming stope production.
The assay results to date have been highly encouraging, delivering strong metal tenors
and further validating the existing geological model. The drill holes intersected the
mineralisation in alignment with the interpreted lode geometry and returned assays that
confirmed the planned stope production.
Key targets for the drilling have been lodes A to C (polymetallic type mineralisation), and
lodes D to H (gold/copper mineralisation). Initial results reported to the ASX on 18 February
2026 were the high-grade lead, zinc silver lodes (A to C). The results reported on 15 April
2026 targeted both the Au/Cu lodes (D to H) and lodes A to C.
The geological interpretation has already been updated based on this recent drill hole
data and is currently being used to complete an updated Mineral Resource estimate. This
work will support the delivery of an updated Ore Reserve and mine plan by mid-2026,
providing a clear pathway for production growth and mine life extension.
KINGSTONRESOURCES.COM.AU | ASX: KSN 8
Table 3: Significant intercept highlights from 18 February 2026 ASX release.
Hole ID
CuEq
Cutoff
Depth
From
Depth
To
Length
Au
(ppm)
Ag
(ppm)
Cu
(%)
Pb
(%)
Zn
(%)
CuEq
(%)
KSNDDH052 0.5 12.70 15.45 2.75 1.07 30 0.12 1.41 2.88 2.30
KSNDDH053 0.5 9.60 13.00 3.40 1.38 40 0.30 1.10 1.52 2.55
KSNDDH053 0.5 47.80 56.00 8.20 0.30 16 0.18 1.06 4.49 1.76
KSNDDH053 Incl 1 51.15 54.50 3.35 0.59 24 0.22 1.75 8.61 3.15
KSNDDH055 0.5 10.00 17.70 7.70 2.46 41 0.78 1.90 1.27 4.13
KSNDDH055 Incl 1 12.00 17.70 5.70 3.13 54 0.98 2.50 1.65 5.29
KSNDDH055 1 30.30 60.00 29.70 0.18 28 0.10 2.63 4.25 1.92
KSNDDH055 0.5 87.55 90.30 2.75 0.24 44 0.99 6.09 9.98 4.83
KSNDDH057 0.5 8.00 12.80 4.80 1.70 42 0.74 3.28 2.96 3.98
KSNDDH057 Incl 1 9.00 12.80 3.80 2.00 51 0.92 4.11 3.69 4.84
KSNDDH057 0.5 26.00 69.00 43.00 0.24 32 0.15 3.26 3.89 2.09
KSNDDH057 Incl 1 27.00 47.00 20.00 0.17 43 0.17 4.15 4.86 2.53
KSNDDH057 Incl 1 56.00 68.10 12.10 0.50 33 0.21 4.01 4.71 2.72
KSNDDH058 0.5 43.00 57.00 14.00 0.91 14 0.28 0.68 0.63 1.54
KSNDDH058 Incl 1 45.00 53.00 8.00 1.29 19 0.44 1.03 0.95 2.25
KSNDDH059 0.5 38.50 43.60 5.10 0.91 15 0.55 1.44 1.99 2.24
KSNDDH059 Incl 1 38.50 42.20 3.70 1.16 18 0.73 1.78 2.33 2.81
KSNDDH060 0.5 12.30 13.35 1.05 1.65 76 1.73 3.01 6.96 6.08
KSNDDH060 0.5 16.00 17.55 1.55 0.48 49 0.54 1.49 1.98 2.20
KSNDDH060 0.5 46.80 50.05 3.25 0.05 27 0.07 0.75 5.64 1.72
KSNDDH060 Incl 1 46.80 47.75 0.95 0.14 72 0.22 2.19 16.90 5.06
KSNDDH061 0.5 27.10 47.00 19.90 1.05 19 0.57 1.25 0.82 2.16
KSNDDH061 Incl 1 28.00 38.40 10.40 1.82 31 0.96 1.96 1.25 3.61
See ASX announcement on 18 February 2026 for full details and the associated JORC Table 1 disclosure. Drillhole collar
details are listed in Appendix 1. Drillhole Collar Information.
High
Grade
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Figure 4: KSNDDH063 core photos with massive sphalerite and galena mineralisation.
Interval highlighted in pink; 3m @ 12% Pb, 16% Zn, 195g/t Ag from 60.5m.
Table 4: Significant intercept highlights from 15 April 2026 ASX release.
Hole ID
CuEq
Cutoff
Depth
From
Depth
To
Length
Au
(ppm)
Ag
(ppm)
Cu
(%)
Pb
(%)
Zn
(%)
CuEq
(%)
KSNDDH056 0.5 25.7 38.1 12.4 0.18 32 0.13 4.44 3.57 2.23
KSNDDH056 Incl 1 36 38.1 2.1 0.27 59 0.28 14.28 3.98 4.52
KSNDDH062 0.5 38.6 60 21.4 0.46 43 1.22 2.70 1.96 3.28
KSNDDH062 Incl 1 38.6 46.1 7.5 1.20 76 3.31 5.67 1.96 7.25
KSNDDH063 0.5 57.5 67.3 9.8 0.14 77 0.13 4.24 5.97 3.41
KSNDDH063 Incl 1 60.5 66.6 6.1 0.16 117 0.18 6.36 8.81 5.04
KSNDDH064 0.5 33.7 56 22.3 0.87 33 0.74 1.34 0.81 2.67
KSNDDH064 Incl 1 33.7 38 4.3 2.76 14 0.53 0.47 1.07 4.18
KSNDDH064 Incl 1 40.4 42 1.6 0.61 59 1.22 1.91 3.24 3.84
KSNDDH064 Incl 1 46.5 56 9.5 0.56 57 1.26 2.53 0.67 3.42
KSNDDH064 0.5 121.8 130.3 8.5 0.62 7 1.04 0.51 0.54 2.05
KSNDDH064 Incl 1 124.9 130.3 5.4 0.94 11 1.53 0.67 0.67 3.01
KSNDDH066 0.5 53.3 57.4 4.1 0.09 9 2.18 0.07 0.04 2.46
KSNDDH067 0.5 22 22.5 0.5 1.39 10 3.44 0.04 0.75 5.34
KSNDDH070 0.5 53 63.5 10.5 1.23 12 3.25 0.07 0.01 4.87
KSNDDH071 0.5 50 55 5 0.84 9 3.09 0.05 0.02 4.23
KSNDDH071 Incl 1 50 54 4 1.04 11 3.66 0.06 0.02 5.05
See ASX announcement on 15 April 2026 for full details. Drillhole collar details are listed in Appendix 1. Drillhole Collar
Information.
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Figure 5: Plan map of recent drill holes at the Southern Ore Zone.
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Note: Interpreted mineralisation may appear out of alignment with the drill hole intersections due to the
wide section window and the ~340° trend of the mineralisation at this section location.
Figure 6: Cross-section of significant assay intervals at 260mN, SOZ (Lodes A, B and C).
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Figure 7: Cross-section of significant assay intervals at 540mN, SOZ (Lodes D, G and H).
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Sustainability
Mineral Hill Total Recordable Injury Frequency Rate (TRIFR) has remained steady at 3.7.
Inductions for new employees have ramped up with the recent recruitment drive. Safety
systems continue to be refined to ensure compliance to Safe Work Regulations.
There were no reportable environmental incidents during the quarter. The NSW
Environmental Bond was re-assessed to $7.472 million during the quarter.
Kingston has strengthened its Community Consultation initiatives with greater
transparency and documentation. The NSW Resource Regulator revised the Code of
Practice as of 31 March 2026 and Kingston has subsequently updated its Community
Consultation Plan that describes how the Company will engage with the community and
remain compliant. The updated policy document is available on Kingston’s website.
Kingston is proud to continue supporting the Condobolin Public School Breakfast Club.
This initiative plays an important role in ensuring students start the day with a healthy
meal, supporting focus, wellbeing and learning outcomes in the classroom. Kingston
remains committed to making a practical contribution to the local community, with
initiatives like this forming part of our broader focus on supporting Condobolin and the
surrounding region.
Figure 8: Condobolin Primary School Breakfast Club
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Corporate and Finance
Revenue for the quarter (unaudited) increased by 26% QoQ, comprising $24.822 million in
cash receipts and concentrate receivables.
During the quarter, the group incurred $1.1M in exploration and evaluation expenditure
and $4.9 million on the SOZ underground mine. The group also spent $3.18 million on the
construction of tailings storage facility dam 2 and $1.34 million on upgrades to the
processing plant.
During the quarter, the Rehabilitation Security Bond was increased by $48,000, to a total
of $7,472,000.
Additionally, the Company made payments totalling $172k to associates and related
parties representing fees, wages and superannuation paid to Directors.
As at 31 March 2026, Kingston’s closing cash balance was $25.419 million in cash and cash
equivalents, with an additional $7.47 million held as restricted cash for Rehabilitation
Security Bond. The Company's Appendix 5B — Quarterly Cash Flow Report has been
lodged concurrently with this Quarterly Activities Report.
Table 5: March quarterly cash flow
Cash Inflow/(outflow) A$'000
Opening cash & cash equivalents 24,909
Receipt from customers 24,822
Production cost (9,760)
Staff and corporate cost (4,324)
Net interest payment 303
Net cash used in operating activities 11,041
Property, plant and equipment (4,849)
Exploration and evaluation (1,109)
Other non-current assets (4,904)
Net cash from investing activities (10,862)
Net proceeds from exercise of options (2)
Advance – concentrate sales 872
Lease payments (539)
Net cash used in financing activities 331
Closing cash & cash equivalents 25,419
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Outlook for the June Quarter
Major developments are planned for the coming quarter, including:
• Expected assay results from recent underground drilling at Red Terror and SOZ.
• Open pit gold and silver production from Pearse South.
• Commence underground production drilling in preparations for stoping.
• Continue to ramp up underground development rates.
Table 6: Tenement Schedule (ASX LR 5.3.3) as at end of quarter
Tenement Project Name & Location Status Ownership Type Title Area
EL1999 Mineral Hill, NSW Live 100% EL 17 UNITS
EL8334 Mineral Hill, NSW Live 100% EL 100 UNITS
ML5240 Mineral Hill, NSW Live 100% ML 32.37 HA
ML5267 Mineral Hill, NSW Live 100% ML 32.37 HA
ML5278 Mineral Hill, NSW Live 100% ML 32.37 HA
ML332 Mineral Hill, NSW Live 100% ML 22.36 HA
ML333 Mineral Hill, NSW Live 100% ML 28.03 HA
ML334 Mineral Hill, NSW Live 100% ML 21.04 HA
ML335 Mineral Hill, NSW Live 100% ML 24.79 HA
ML336 Mineral Hill, NSW Live 100% ML 23.07 HA
ML337 Mineral Hill, NSW Live 100% ML 32.27 HA
ML338 Mineral Hill, NSW Live 100% ML 26.3 HA
ML339 Mineral Hill, NSW Live 100% ML 25.09 HA
ML340 Mineral Hill, NSW Live 100% ML 25.79 HA
ML1695 Mineral Hill, NSW Live 100% ML 8.779 HA
ML1712 Mineral Hill, NSW Live 100% ML 23.92 HA
ML1778 Mineral Hill, NSW Live 100% ML 29.05 HA
ML5499 Mineral Hill, NSW Live 100% ML 32.37 HA
ML5621 Mineral Hill, NSW Live 100% ML 32.37 HA
ML5632 Mineral Hill, NSW Live 100% ML 27.32 HA
ML6329 Mineral Hill, NSW Live 100% ML 8.094 HA
ML6365 Mineral Hill, NSW Live 100% ML 2.02 HA
Forward Looking Statements
This announcement contains forward-looking statements that are subject to risk factors
associated with mining and processing operations. Actual results may differ materially.
The Company cautions that forward-looking statements are not guarantees of future
performance.
This release has been authorised by the Kingston Resources Limited Board.
For all enquiries, please contact Managing Director, Andrew Corbett, on +61 2 8021 7492.
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Mineral Resources and Ore Reserves
Mineral Hill JORC (2012 Ed.) Mineral Resource and Ore Reserve.
Resource
Category
Tonnes
kt
Grade Metal
Au Cu Pb Zn Ag Au Cu Pb Zn Ag
g/t % % % g/t koz kt kt kt koz
Measured 327 1.90 1.20 0.54 0.33 10 20 4 2 1 109
Indicated 5,658 0.76 1.06 1.69 1.04 32 138 58 93 57 6,083
Inferred 3,999 1.10 0.84 1.13 0.95 21 142 33 45 37 2,661
Total 9,984 0.93 0.97 1.42 0.98 28 300 95.2 139.3 95.4 8,853
Reserve
Category
Tonnes Au Cu Pb Ag Zn Au Cu Pb Zn Ag
kt g/t % % g/t % koz kt kt kt koz
Proved - - - - - -
Probable 840 1.88 0.80 1.90 31 1.60 49 5.5 13 11 833
Total 840 1.88 0.80 1.90 31 1.60 49 5.5 13 11 833
1. Due to rounding to appropriate significant figures, minor discrepancies may occur, tonnages are dry metric
tonnes.
2. Probable Ore Reserves are derived from Indicated Mineral Resources.
3. The Ore Reserves do not include, or depend upon, Inferred Mineral Resources.
4. The Ore Reserves form part of the Mineral Resources.
Competent Persons Statement and Disclaimer
The information in this report that relates to Exploration Results and Mineral Resources is
based on information compiled by Mr. Stuart Hayward BAppSc (Geology) MAIG, a
Competent Person who is a member of the Australian Institute of Geoscientists. Mr.
Hayward is an employee of the Company. Mr. Hayward has sufficient experience that is
relevant to the style of mineralisation and type of deposit under consideration and to the
activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition
of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves”. Mr. Hayward 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 Competent Person signing off on the overall Pearse Opencut 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 information pertaining to the Pearse
Opencut Ore Reserve 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.
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About Kingston Resources
Kingston Resources is currently producing gold and silver from its Mineral Hill gold and
copper mine in NSW. The Company’s objective is to establish itself as a mid-tier gold and
base metals company with multiple producing assets.
Mineral Hill is a gold and copper mine located in the Cobar Basin of NSW. On 30
September 2024, Kingston released an updated life-of-mine (LOM) production target,
outlining a six-year LOM plan comprising a maiden underground Ore Reserve and a
revised open pit Ore Reserve. The Company is focused on meeting near mine production
targets located on the existing MLs. The aim is to extend the mine’s life through organic
growth and consider regional deposits that could be processed at Mineral Hill’s
processing plant.
The Mineral Hill Mineral Resource estimates included in this announcement were
released in ASX announcements on 15 March 2023 (Pearse South), 21 March 2023 (Jack’s
Hut) and 13 November 2025 (Southern Ore Zone, Red Terror and Parkers Hill). The Ore
Reserve estimate outlined below was released in ASX announcements on 30 September
2024 (Pearse South and Southern Ore Zone). Further information is included within the
original announcements.
Kingston is not aware of any new information or data that materially affects the
information included in this announcement. All material assumptions and technical
parameters underpinning the Mineral Resource estimates and production targets
continue to apply and have not materially changed.
Mineral Hill Mine, NSW (100%)
• Mine plan out to the end of 2031: Open pit and
underground mining.
• Significant upside: Measured and Indicated Resources
comprise 60% of the 10Mt resource – substantial
opportunity for conversion to Ore Reserves
• Excellent Infrastructure: Operating processing plant
capable of producing multiple concentrates and precious
metal dore.
• Exploration potential: Exceptional upside within current
Mining Leases (ML) and Exploration Licenses (EL).
• Current Focus: Open pit mining at Pearse, production of
gold concentrate and precious metal dore on site.
Underground level development and diamond drilling at
SOZ.
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Appendix 1. Drillhole Collar Information
Table 7: Drillhole collar information.
Hole ID
Local Local Local MGA20 z55
EAST
MGA20 z55
NORTH
AHD Dip
Azimuth
(Local)
Total Depth
(m)
EAST NORTH RL
KSNDDH056 1243.200 240.100 1084.100 499292.4 6395205.1 84.1 -14 46 85.3
KSNDDH062 1212.892 267.9469 1084.559 499251.2 6395203.4 84.63 11.9 95.4 60
KSNDDH063 1231.690 238.096 1082.833 499285.6 6395195.6 82.906 -68.5 106.1 250.9
KSNDDH064 1223.042 243.200 1082.693 499275.9 6395193.1 82.765 -73.9 123.4 255.6
KSNDDH065 1103.912 553.493 1094.257 498972.3 6395328 94.322 -24.1 55.1 146.3
KSNDDH066 1104.222 553.243 1094.014 498972.7 6395328.1 94.079 -29.0 59.5 125
KSNDDH067 1103.789 553.115 1093.873 498972.5 6395327.7 93.938 -37.6 58.3 90
KSNDDH068* 1102.059 548.062 1094.098 498974.8 6395322.9 94.163 -32.7 117.2 110.1
KSNDDH069* 1102.251 547.548 1094.140 498975.3 6395322.7 94.205 -30.4 129.3 114.9
KSNDDH070 1137.750 551.762 1094.030 498997.4 6395350.7 94.095 -50.5 75.4 80
KSNDDH071 1147.112 549.239 1093.967 499005.8 6395355.6 94.032 -57.9 108.8 73
KSNDDH072* 1401.891 938.187 1182.114 498910.8 6395810.5 182.133 -24.8 113.1 155
KSNDDH073* 1401.891 938.187 1182.114 498910.8 6395810.5 182.133 -17.0 174.5 145
KSNDDH074* 1401.891 938.187 1182.114 498910.8 6395810.5 182.133 -24.8 174.1 150
Note: Shaded rows represent the holes being reported in this announcement.
* Results pending
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Appendix 2. SOZ Underground Face Sampling - JORC Code Table 1
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling
techniques
• Nature and quality of sampling (eg
cut channels, random chips, or
specific specialised industry
standard measurement tools
appropriate to the minerals under
investigation, such as down hole
gamma sondes, or handheld XRF
instruments, etc). These examples
should not be taken as limiting the
broad meaning of sampling.
• Include reference to measures
taken to ensure sample
representivity and the appropriate
calibration of any measurement
tools or systems used.
• Aspects of the determination of
mineralisation that are Material to
the Public Report.
• In cases where ‘industry standard’
work has been done this would be
relatively simple (eg ‘reverse
circulation drilling was used to
obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g
Underground Face Sample Collection
• Underground development faces are sampled via rock chipping
using a hammer, sample ring and calico sample bags.
• The geologist selects sample intervals based on the mapped
geology in the face (lithology, alteration, mineralisation,
structures).
Diamond Drilling Sample Collection
• A diamond core drill rig was used to produce rock samples of
core. Run length was variable between 3m and 1m depending on
the ground conditions and any expected mineralisation.
• Triple Tube HQ and NQ barrel set up was utilised to maximize
recoveries.
• Diamond drill core is orientated where orientation tools provided
an outcome that is assessed as reliable.
• The geologist selects sample intervals based on logged geology
(lithology, alteration, mineralisation, structures) with minimum
sample length of 0.3m and maximum of 1.5m. Half core samples
were taken from start to end of hole. All drill core is sampled
using an automated/mechanical core cutting machine with
diamond cutting blade. Samples comprise half core with sample
intervals determined by the geologist and recorded as a cut
sheet.
• For orientated drill core a cutting reference line is drawn
KINGSTONRESOURCES.COM.AU | ASX: KSN 20
Criteria JORC Code explanation Commentary
charge for fire assay’). In other cases
more explanation may be required,
such as where there is coarse gold
that has inherent sampling
problems. Unusual commodities or
mineralisation types (eg submarine
nodules) may warrant disclosure of
detailed information.
approximately 15mm offset from the orientation line. Drill core is
cut along the cut line with the orientation line not sampled and
returned to the core box for future reference.
• Non-orientated drill core is cut along a reference line that is the
best approximation of the extensions of the orientation reference
line with the intent of ensuring the same half core is sampled.
• Samples are placed in calico bags and dispatched to ALS
laboratory where they are received and registered with a sample
receipt document provided as a record of the chain of custody
process.
Analysis of Geotechnical Samples
• Field point load testing (PLT) was conducted on solid pieces of
core >100mm in length from every 3rd core tray. Different rock
type samples were selected to collect a range of data reflecting
varying rock mass strengths throughout each hole.
Drilling
techniques
• Drill type (eg core, reverse
circulation, open-hole hammer,
rotary air blast, auger, Bangka,
sonic, etc) and details (eg core
diameter, triple or standard tube,
depth of diamond tails, face-
sampling bit or other type, whether
core is oriented and if so, by
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