Investor Presentation - Noosa Mining Conference
Released
Released
Announcement PDF
Kingston Resources Limited
Noosa Mining Conference July 2025
MID-TIER GOLD AND COPPER PRODUCER
COBAR BASIN, NSW
23- 25 July 2025
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 Announcements dated 27 June 2023
and 30 September 2024.
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
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 Target1. 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.
SOZ Underground diamond drilling
1. See ASX Announcements dated 27 June 2023, 2 April 2024 and 30 Sept 2024, for further detail and key assumptions.
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
3
Kingston Resources
Investment highlights
Gold and Silver Production: Resource of 760koz
AuEq1, open pit and underground Ore Reserves;
copper production CY26.
Strong balance sheet: $50M cash received from
Misima divestment ($95M total consideration);
debt-free.
Significant expansion potential: Infill,
extensional and near mine exploration drilling
underway.
Strategic infrastructure: Opportunity to unlock
regional deposits − the only processing solution
in southern Cobar.
1. See slide on metal equivalents for AuEq and CuEq calculations..
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
4
Corporate snapshot
Shares on issue
1-Year Share Price Performance
833m
Warrants & options2,3
168.4m
Share price (22/7/2025)
$0.14
Market cap
$116m
Cash @ 31 March 20251
$12.48m
Restricted cash for environmental bond
$7.4m
Debt4
$15m
Shareholder Structure
1. Estimated Cash balance, as at 31 Mar 2025, excludes $7.4m cash backed environmental bond.
2. 38m unlisted options @ $0.14, exp 31 July 25.
3. 25m unlisted warrants @ $0.0816, exp 07 July 2027, 35.7m unlisted warrants @ $0.0816 exp 29 June 2028, 69.7m warrants
@ $0.0879, exp 23 Feb 2028.
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 | July 2025
5
Misima sale complete
Sale of the PNG gold project allows for an acceleration of Australian gold-copper growth
Kingston sold it’s 100% share in the Misima Gold Project
to Ok Tedi Mining Limited in the June quarter of 2025.
Ok Tedi currently produces copper, gold, silver
concentrate from the Ok Tedi Mine in the Western
Province of PNG.
OK TEDI
Transaction summary − $95m total consideration:
✓ $50 million cash on completion received 11 July 2025.
• $10 million in deferred cash, payable on 11 July 2026.
• $10 million in deferred cash, payable on a positive final
investment decision (FID) to development Misima.
• 0.5% gross revenue royalty from Misima indicatively
valued at $25 million.
www.kingstonresources.com.au I ASX: KSN
MISIMA
“The Misima sale is an outstanding outcome for
the people of Misima, the people of PNG and
KSN Shareholders. Ok Tedi are an ideal development
partner for the Misima Gold Project.”
Corporate Presentation | July 2025
6
Acceleration of Australian gold-copper growth
Targeting
Drilling
Resources
Economic Studies
Outputs
• $50m cash received for Misima.
Balance Sheet
Tenure
Expertise
Process
Financial position and cash flow
strengthened:
Inputs
Reduced costs, strong balance sheet and growing cash flow from operations
Resource Growth
Production Growth
Free Cash Flow
• Reduction in annual costs by ~$5
million.
The near-term growth strategy
includes:
• Full repayment of debt.
• Accelerated exploration at Mineral Hill.
Exploration
LP
www.kingstonresources.com.au I ASX: KSN
SOZ
G & H Lode
WH
SOZ
Mineral Resource Updates
and Economic Studies
Au
Upper A
Lode
Au/Ag/
Cu/Pb/Zn
Au/Ag/
Cu/Pb/Z
Footwall
South
Jack’s
Hut
YM
SOZ
Parker’s Hill
SOZ
Bogong
Production
Assets
GD140
CD
• Expansion studies to increase
production scale.
• Assessment of third-party resource
opportunities.
Resource Extension
Drilling
EOZ
Jack’s
Hut
Cu/Au
Cu/Au
Open
Pits
PN + PS
South Pb/Zn
Corporate Presentation | July 2025
7
Mineral Hill overview
100%-owned producing asset – Cobar Basin, NSW
• Open pit mining to 2026; six-year mine
life with drilling to extend underground
resources.
• Underground refurbishment well
advanced with mine development due to
commence in Feb 2026 (SOZ).
• Current cash flow from gold doré and
concentrate sales.
• Copper concentrate production in 2026.
• Multiple greenfields & near-mine targets.
• One of two operating plants in region
with flotation (Cu, Pb, Zn) & CIL (Au, Ag)
circuit.
Ariel view of Mineral Hill Mine ROM and Processing plant
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
8
Production and revenue snapshot
Transformative return on investment and growth
$151M revenue, $41M operating
cash flow to date1
Dec-27
Jun-27
Dec-26
Jun-26
Dec-25
Jun-25
Life of mine out to 2031 – 6 years
Dec-24
Mineral Hill acquired Jan 2022 for
$23M
Open Pit Mining
Open Pit Processing
Ramp-up supported by low-cost
($14M) flotation refurbishment
Throughput: currently 360,000 tpa
→ targeting 700,000 tpa
UG Mining
UG Processing
1. Reporting period from Jan 2022 to July 2025.
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
9
Open pit mining
Current cash flow from gold doré and concentrate sales
FY25 gold production 12,061 oz @ AISC 3,100/oz. FY26 payable gold to increase by 55%
Pearse North Open Pit as of July 2025
www.kingstonresources.com.au I ASX: KSN
Pearse South Open Pit as of July 2025
Corporate Presentation | July 2025
10
Gold concentrate restart milestone
Successful low-cost refurbishment and commissioning
• Gold concentrate
production restarted in
May 2025.
• First concentrate
production in nearly a
decade.
CEO & MD, Andrew Corbett I front of flotation stockpiles
• Recommissioned
flotation circuit
enables gold, copper,
lead, zinc
concentrates.
• Flotation ramp up is
currently at 40 tph,
which is 80-88% of
nameplate (45-50tph).
Flotation Circuit at Mineral Hill
Flotation processing at Mineral Hill
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
11
Leveraging existing underground mines
Setting up the long-term future of Mineral Hill
• Underground mine life of +5 years.
Oblique view of the Southern Ore Zone planned stopes
• Underground development set to commence early 2026.
• Underground drilling program underway targeting extension
of mine life.
• Existing infrastructure and approvals in place to support
extension.
Southern Ore Zone Underground Mineral Resources1
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 Reserve2
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
Long-hole open stopes
1. Due to rounding to appropriate significant figures, minor discrepancies may occur, tonnages are dry metric tonnes.
2. See ASX Announcement dated 30 September 2024.
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
12
Underground drilling (SOZ)
Exceptional high-grade gold and copper
Plan view of the Southern Ore Zone
Infill and extension drilling ongoing, exceptional intercepts
including:
• 8.8m @ 42.5g/t Au, 1.77% Cu (KSNDDH032).
• 4.0m @ 12.89g/t Au, 5.05g/t Ag and 0.73% Cu from 86m
(KSNDDH034).
• Incl. 1.0m @ 48.8g/t Au, 12.6g/t Ag and 2.05% Cu from 89m
(KSNDDH034).
• 14m @ 19.35g/t Au, 3.07g/t Ag and 0.79% Cu from 113m
(KSNDDH041).
• 4.2m @ 0.13g/t Au, 11.4g/t Ag and 2.42% Cu from 78.1m
(KSNDDH036).
• 11.16m @ 2.29g/t Au, 4.49g/t Ag and 1.74% Cu from 67m
(KSNDDH039).
• 6.36m @ 1.64g/t Au, 3.1g/t Ag and 1.44% Cu from 64m
(KSNDDH040).
Extensions of 50-100m beyond current resource envelope.
1. See ASX Announcement dated 3 June 2025, 23 July 2025
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
13
Growth potential at Mineral Hill
Strategy on expanding Mineral Resources and making new discoveries
Brownfields Expansion Targets
Currently 7.2Mt of
underground resources.
High grade gold
Plan:
GD140
Parkers Hill
EOZ
• Expand underground drilling.
• Update Resource estimates.
• Add other brownfields
deposits to the mine plan
(currently SOZ and Jack’s Hut
only).
Jacks Hut
Recent
discovery
12.5m @
3.41% CuEq
Copper-Gold
Key resource expansion projects:
• SOZ infill & extension drilling.
• Parkers Hill resource update.
• Jacks Hut and EOZ extensions.
Existing Production
Target1 at SOZ
Copper-Gold
Infill
1. See ASX Announcements dated 21 March 2023 and 30 September 2024 for MRE announcements.
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
14
Further potential at depth and regionally to be tested
Mineral Hill remains open at depth and along the regional trends
• Depth of drilling
<500m depth.
• Major mineral
deposits in Cobar
extend to ~1.8km.
• Numerous
regional
exploration
targets that will be
considered in
future drilling.
(long section looking SW)
13km
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
15
Drilling priorities
Near mine open pit and underground targets identified
4
on EL8334
5
EL1999
Key drilling priorities:
• Additional underground ore source.
• Surface exploration to target additional open pit and
underground discoveries.
• Commence Greenfields exploration targeting a
significant discovery.
2.5km
3
Key target areas:
2
1 SOZ infill and extension drilling.
2 Parkers Hill – GD140 resource updates.
3
Jacks Hut and EOZ extension.
4
Bogong target – drilling.
EL1999
5
Regional exploration on EL 8334 – Webers Gossan
Long Panel and China Workings.
www.kingstonresources.com.au I ASX: KSN
1
EL1999
Corporate Presentation | July 2025
16
Further resource growth opportunities regionally
Highly prospective Greenfields drill targets and geochemical signatures provide significant upside
Focus on value-driven
exploration:
EL 8334:
High-potential targets
Strong soil and
geophysical results
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
17
Strongly positioned to consider complementary opportunities
Mineral Hill is the only operating processing facility in the southern Cobar Basin
Grow resources and expand daily throughput
Today
1,000 tpd
360,000 tpa
Target
2,000 tpd
Target a
doubling of
production
700,000 tpa
c.70kozpa AuEq
Resource growth strategy
Mineral Hill
Extensions
Regional
Acquisition
Increase
grinding and
flotation
capacity
Regional Exploration
EL8334
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
18
Summary: Focus on ramping up Mineral Hill
Leveraging the existing gold-copper asset base while advancing future growth opportunities
Experienced Management Team: Focused on maximising
returns from Mineral Hill with strong balance sheet flexibility.
Strategically Located: Mineral Hill positioned central to
copper and gold assets with no immediate processing
solution.
Increase Production Rate: Unlock additional cashflow and
production from open pit and underground mining.
Strategic Advantage: Fully approved and operating processing
plant with multiple drill targets and growth options.
Accretive Growth: Ideally positioned to consider Australian
based copper and/or gold growth initiatives that complement
Mineral Hill operations.
SOZ Underground Mine
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
19
Appendix
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
20
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
Corporate Presentation | July 2025
21
Building 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
Corporate Presentation | July 2025
22
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
Corporate Presentation | July 2025
23
Competent Person Statement
•
Competent Person’s Statement - Mineral Resource Reported in Accordance with 2012 JORC Code – Mineral Hill
•
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.
•
Competent Person’s Statement - Mineral Resource Reported in Accordance with 2004 JORC Code – Mineral Hill
•
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.
•
Competent Person’s Statement – Ore Reserve Reported in Accordance with JORC Code – Mineral Hill
•
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.
•
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.
Ore Reserve
Mineral Resource
Deposit
JORC
ASX Announcement
Competent Person
Company
Deposit
JORC
ASX Announcement
Competent Person
Company
Pearse North
2012
KSN 30/9/2024
John Wyche
AMDAD
Pearse South
2012
KSN 15/03/2023
Stuart Hayward
KSN
Pearse South
2012
KSN 30/9/2024
John Wyche
AMDAD
Pearse North
2012
KSN 7/05/2024
Stuart Hayward
KSN
SOZ
2012
KSN 30/9/2024
John Wyche
AMDAD
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
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
24
Metal equivalents
This presentation quotes metal equivalent grades for the life of mine plan, Mineral Resources and Ore Reserves. Price assumptions used are based primarily on
consensus forecasts with adjustments based on company expectations. Gold equivalent (AuEq) and copper equivalent (CuEq) conversion factors are used
within the announcement and are calculated by dividing price/unit for each commodity (Cu/t, Au/oz, Ag/oz, Pb/t, Zn/t) and multiplying by the metallurgical
recovery. Since the metallurgical recovery varies according to deposit type, the metal equivalent factors are unique for each deposit (i.e. Open Pit, and
Underground).
Metallurgical recoveries are based on historical production (2010-2016) as well as recent metallurgical test work and are applied to the Resource and Reserve
calculated grades for each commodity. The Company is of the opinion that all the elements included in the metal equivalent calculations have a demonstrated
potential to be recovered and sold. Mineral Hill has a CIL circuit, Cu flotation circuit, Pb flotation circuit and Zn flotation circuit to produce three different
concentrates as well as gold doré.
CuEq Recovered (%) = (Cu x 0.809) + (Au x 0.500) + (Ag x 0.005) + (Pb x 0.178) + (Zn 0.167)
Commodity
Unit
Price
Deposit
Commodity
Recovery (%)
CuEq Factor
Gold
US$/oz
2,236
Underground
Gold
76
0.500
Silver
US$/oz
27.6
Silver
64
0.005
Copper
US$/lb
4.95
Copper
81
0.809
Lead
US$/lb
1.09
Lead
79
0.175
Zinc
US$/lb
1.37
Zinc
60
0.167
www.kingstonresources.com.au I ASX: KSN
Corporate Presentation | July 2025
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%
Pearse North
240
3.20
33
25
255
TOTAL
233
2.01
11
1.2%
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
Deposit
Kt
Au
(g/t)
Ag
(g/t)
Cu
%
Pb
%
Zn
%
Au
(Koz)
Ag
(Koz)
Cu
(Kt)
Pb
(Kt)
Zn
(Kt)
0.2%
0.4%
15
80.9
3
1
1
0.5%
0.4%
15
81
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
4,501
1.13
31
1.1%
1.9%
1.1%
164
####
47
77
46
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
Parkers Hill
1843
0.19
43
1.3%
2.1%
0.9%
11
2520
23
39
17
Inferred Resource Inventory
TOTAL
7,755
1.42
26
1.0%
1.4%
0.9%
354
6,364
75
104
67
Pearse South
40
2
5
3
6
Pearse North
22
2.92
29
2
21
Southern Ore Zone
1,876
2.22
12
0.9%
0.8%
0.6%
134
706
18
14
11
Jack's Hut
1,032
1.09
28
0.7%
1.0%
0.8%
36
917
7
11
8
Parkers Hill
50
0.20
48
0.7%
1.8%
2.4%
0.3
77
0.4
1
1
3,020
1.81
18
0.9%
0.9%
0.7%
175
1,727
25
26
20
Corporate Presentation | Nov 2024
26
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 Estimate, which 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 South, Parkers Hill 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.
Mineral Resources are reported inclusive of Ore Reserves.
See Competent Person details and year of original release in the appendix
For full information of Mineral Resource and Ore Reserves see KSN announcement titled “Mineral Hill Mineral Resource and Ore Reserve Statement” released 18
November 2021 and Mineral Hill LOM update 30 Sept
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