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KINGSROSE MINING LIMITED — Capital/Financing Update 2012
Sep 27, 2012
65202_rns_2012-09-27_b738b757-3e8a-4e0a-aaf1-9434508c0c17.pdf
Capital/Financing Update
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27 September 2012
Company Announcements Office Australian Securities Exchange Limited Level 6, 20 Bridge Street SYDNEY NSW 2000
**WAY
LINGGO PROJECT UPDATE**
Kingsrose Mining Limited (ASX:KRM) provides the following update in relation to its 85 per cent-‐owned high-‐ grade gold and silver Way Linggo Project in southern Sumatra, Indonesia.
Following discussions with the Indonesian Mines Department, the Company expects to resume operations at its second mine, Talang Santo, in the near term. In the meantime, operations are continuing as planned at the Way Linggo mine.
Management expects the suspension of operations at Talang Santo to be short term in nature and will not materially change the Company’s plans for the mine. The Company will provide an operational update to discuss any near term implications of the recent fatal accident once discussions with the Indonesian Mines department are completed.
Kingsrose remains confident that the outlook for Talang Santo is positive, with strong potential to continue growing both production and resources.
Yours Faithfully
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**CHRIS
START MANAGING DIRECTOR KINGSROSE MINING LIMITED**
For more information please contact:
Investors: Chris Start Managing Director +61 8 9486 1149
Media: Paul Armstrong Read Corporate +61 8 9388 1474
www.kingsrsosemining.com.au [email protected]
Suite 2, Level 9 | 12 – 14 Thelma Street West Perth WA 6005 ABN: 49 112 389 910
T + 61 8 9486 1149 | F + 61 8 9486 1151 www.kingsrosemining.com.au [email protected]