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KINGSTON RESOURCES LIMITED Capital/Financing Update 2022

May 17, 2022

65206_rns_2022-05-17_99cbaac0-9fc1-4e57-9007-58247e1d506e.pdf

Capital/Financing Update

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ASX/Media Announcement 18 May 2022

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Outstanding Drilling Results at SOZ Underground

First diamond drill hole at Southern Ore Zone (SOZ) delivers exceptional high-grade polymetallic mineralisation

  • First hole from diamond drilling at the SOZ underground deposit has intersected extensive base metal sulphides from 150.5m to 199.7m down hole.

  • Best intercept includes:

  • 19m @ 1.15% Cu, 5.5% Zn, 5.5% Pb, 0.4g/t Au and 44g/t Ag from 150m, including:

    • 10m @ 2.12% Cu, 10.4% Zn, 10.3% Pb, 0.5g/t Au, and 81g/t Ag from 150m
  • Drilling forms part of an eight-hole program targeting the upper A lode within SOZ for input into an updated Resource model in 2022.

  • Initial holes drilled confirm the location and tenor of high-grade sulphides relative to the surrounding drillholes and the geology model.

  • Further SOZ assay results are expected to be received in the coming weeks, alongside remaining results from Pearse North drilling.

Kingston Resources Limited (ASX: KSN ) ( Kingston or the Company ) is pleased to report that assay results from the first hole in the diamond drilling program currently underway at the Southern Ore Zone underground ( SOZ ) have delivered outstanding high-grade base metal results with significant precious metals credits. Drilling transitioned to SOZ following completion of the drill program at Pearse North.

The initial hole has reported some exceptionally high-grade base metal results within a broader zone of mineralisation. Peak assay grades include 5.5% copper (Cu), 32% lead (Pb) and 25% zinc (Zn) with the best intercepts including:

  • 19m @ 1.15% Cu, 5.5% Zn, 5.5% Pb, 0.4g/t Au and 44g/t Ag from 150m , including: o 10m @ 2.12% Cu, 10.4% Zn, 10.3% Pb, 0.5g/t Au, and 81g/t Ag from 150m

Analysis of the initial holes drilled confirm the spatial location and existing geology and mineralisation model at SOZ, with potential to extend known zones of mineralisation along strike and up dip. These results will contribute towards an updated SOZ Mineral Resource Estimate in the second half of 2022. The drilling program and Mineral Resource update forms part of the ongoing development plan to bring the Pearse open pits and SOZ underground back into production at the conclusion of the tailings processing.

Kingston Resources Managing Director, Andrew Corbett, said: “After the early success Kingston has already achieved with the Pearse North drilling we are very pleased to now also be delivering exciting results from the initial holes in our SOZ drilling program. SOZ already hosts a 1.8Mt Resource at 1.79g/t Au and

201/110 Pacific Hwy, @KSNResources North Sydney, NSW 2060 +61 2 8021 7492 [email protected] www.kingstonresources.com.au

ASX: KSN Shares on Issue: 413M Market Cap: A$60M Cash: A$10.8M (31 Mar 2022)

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1.2% copper, plus zinc, lead, and silver[1] . Importantly, much of the necessary underground development and infrastructure is already in place.

The SOZ underground is a key pillar of Kingston’s overall objective to establish an initial five-year mine plan at Mineral Hill. Our current expectations are that, at that the conclusion of production from the current tailings re-treatment operation, annual production will increase and initially come from the Pearse open pits and the SOZ underground. Kingston shareholders are expected to benefit from a low-cost mine restart utilising already existing mining licenses and approvals, the current processing plant and infrastructure base, and the current underground SOZ decline and Pearse South pit development.

Previous mining from the Mineral Hill underground occurred in two stages: from 1989 to 2004 and then from 2011 to 2015. The current phase of drilling has been collared from surface. During the second half of 2022, Kingston aims to drill the underground targets from underground, leveraging the existing decline which will provide access for underground drilling platforms.

Southern Ore Zone (SOZ) - Phase 1 Drilling Results

Exploration at Mineral Hill is progressing safely and efficiently with Phase 1 diamond drilling at the Southern Ore Zone (SOZ) complete with eight holes targeting the upper A-Lode mineralisation. Samples for three drill holes have been submitted for analysis with results pending, and the remaining four holes are currently being geologically logged and sampled (Figure 1, Figure 2, Table 1.).

Drill hole KSNDDH006 is the first hole of the program that has confirmed the spatial location and tenor of base metal dominant mineralisation in Upper A-lode, with potential for a footwall structure with a low-grade halo of mineralisation.

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Figure 1: Southern Ore Zone drill hole location plan 1 See KSN ASX Announcement of 18 November 2021: Mineral Hill Mine Resource and Reserve Statement

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Figure 2: Vertical drill hole section of KSNDDH006 at Southern Ore zone (MH Mine Grid)

KSNDDH006 intersected A-lode mineralisation as massive, vein and disseminated sulphides and breccias from 150.5m down hole (Figure 5, Figure 6, Figure 7). Mineralisation occurs as two broad zones, an upper zone of high-grade base metal mineralisation predominantly as massive sulphide veins and breccia matrix of Sphalerite, Galena and Chalcopyrite, followed by a footwall zone of low-grade base metal mineralisation of lesser concentrations of base metal sulphides, consisting primarily of Galena and Chalcopyrite with jaspillitic alteration, quartz veining and minor talc.

Southern Ore Zone Geology

The Southern Ore Zone at Mineral Hill comprises a series of parallel to en-echelon steeply west-dipping mineralised polymetallic fault/breccia zones (‘lodes’, A to H) and shears (Figure 3, Figure 4) hosted by the Mineral Hill Volcanics and Sediments. The breccias are separated by zones of more diffuse fracturing and stockwork quartz–sulfide veining, where vein orientations are commonly discordant to the main N–S breccia trend.

Each lode has a distinct sulphide mineral assemblage comprising variable proportions of Sphalerite-GalenaChalcopyrite-Pyrite-Pyrrhotite. This is reflected in the SOZ mineral system having a broad metal zonation with lead-zinc-copper dominant in upper levels, transitioning to gold-copper dominant in deeper levels.

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Mineralised shoot and lode envelope geometry is broadly ‘P-shaped’ with the upper regions having a flatter geometry. Phase 1 drilling of upper A-lode is designed to test the spatial geometry, location and tenor of mineralisation and verification of the Mineral Resource block model in this region.

Mineralised breccia corridors can be resolved at the deposit scale, while the lodes display considerable internal complexity reflecting multiple generations of fracturing with quartz–sulfide vein and breccia infill. Chloritic and Sericitic shear zones are commonly developed parallel to the breccia zones and spaced Sericitic shear zones with flatter west-dipping orientations create minor offsets and kinks in the steeply dipping breccias.

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Figure 3: Schematic long section of Southern Ore zone and Phase 1 target zone

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Figure 4: Schematic oblique cross section of Southern Ore Zone mineralised Lodes and A-lode target zone, underground access, and previous stopes

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Figure 5: Core Photo of massive sulphide intercept in KSNDDH0006 (150.5m to 156.5m)

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Figure 6: Close up of massive sulphides in HQ3 core in KSNDDH0006 at 152.20m

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Figure 7: Close up Core Photo of massive sulphide intercept in KSNDDH0006

Next Steps

Phase 1 drilling at Mineral Hill is forecast to conclude in May. Samples have been progressively submitted for analysis with results expected into June. Checks and validation of drill hole data for all historical drill holes at Mineral Hill is in progress and will be combined with new data as input into updated geological models. This work will initially focus on the Pearse pits and the SOZ underground, with updated Mineral Resource estimates anticipated in the second half of 2022.

Planning and work programs have also commenced on the SOZ underground aiming to establish underground drill platforms for use in the second half of 2022.

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Table 1: KSNDDH drill hole collar location table

Hole_ID Hole
Type

Dip
Azim
GDA94
Azim
MHG
Total
Depth

GDA94_mE

GDA94_mN
AHD MHG_mE
MHG_mN

Survey
Acc
KSNDDH006
DDH
-70 45 90 212.2 499204.543
6395346.049

305.093
1283.269 402.408 DGPS
KSNDDH007
DDH
-61.4
45.9
90.9 207.3 499207.06 6395348.783
305.082
1286.982 402.561 DGPS
KSNDDH008
DDH
-65 45.3 90.3 204.4 499176.386
6395364.386

305.365
1276.325 435.284 DGPS
KSNDDH009
DDH
-70 45.3 90.3 263.1 499222.959
6395256.6
307.516 1233.041 326.136 DGPS
KSNDDH010
DDH
-75 45.3 90.3 273.4 499110.120
6395413.672

304.565
1264.319 516.992 DGPS
KSNDDH011
DDH
-70 45.3 90.3 249.4 499110.890
6395414.305

304.665
1265.311 516.895 DGPS
KSNDDH012
DDH
-70 45.3 90.3 248.2 499148.551
6395382.508

304.750
1269.457 467.78 DGPS
KSNDDH013
DDH
-75 10.3 0 262.4 499107.855
6395412.452

304.750
1261.854 517.731 DGPS

Table 2: KSNDDH006 significant intercepts

Hole_ID from to int_m Au_g/t Ag_g/t Cu% Pb% Zn% CuEq_COG
KSNDDH006 150 169
19
0.4 44.41 1.15 5.54 5.53 0.1
KSNDDH006 150 160
10
including 0.5 80.77 2.12 10.31 10.43 0.5
KSNDDH006 150 159
9
and
including
0.5 88.63 2.33 11.3 11.56 1
KSNDDH006 174 193
19
0.19 3.97 0.12 0.73 0.15 0.1
KSNDDH006 182 185
3
including 0.13 10.67 0.33 3.68 0.38 0.5
KSNDDH006 183 185
2
and
including
0.11 13 0.39 4.51 0.48 1

Note: Mineralised intercepts for reporting are derived from In-Situ Copper Equivalent (CuEqIS) using the following formula. Proportions are based on spot USD$ commodity pricing and are not inclusive of metallurgical recovery or mining costs.

CuEqIS= (Au_ppm0.006)+(Ag_ppm0.0001)+(Cu%1.0)+(Pb%0.234)+(Zn%*0.436)

Spot Commodity Pricing: Copper USD$9098/t; Lead USD$2319/t; Zinc USD$4319/t; Gold USD$1883/oz; Silver USD$24/oz

Drill hole intervals are reported as continuous zones at CuEqIS cut off grade of greater than 0.1%, 0.5%, and 1.0%, with 2 metres maximum internal waste and minimum interval of 0.3mdh.

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Table 3: KSNDDH006 Drill hole geochemistry

FROM TO INTERV SampleID SAMPLE Au Ag Cu Pb Zn
mdh mdh m DESCRIPTION mg/kg ppm ppm ppm ppm
DETECTION 0.01 5 25 25 25
UDET 100 500 500000 200000 100000
FROM TO INTERVL SampleID SAMPLE Au Ag Cu Pb Zn
142 143 1 KMH220618 KMH220618 0.02 X X X 106
143 144 1 KMH220619 KMH220619 0.01 X X X 86
144 145 1 KMH220620 KMH220620 0.01 X 86 85 282
145 146 1 KMH220621 KMH220621 0.01 X 45 X 131
146 147 1 KMH220622 KMH220622 X X X X 111
147 148 1 KMH220623 KMH220623 X X X X 187
148 149 1 KMH220624 KMH220624 X X X 79 154
149 150 1 KMH220625 KMH220625 X X X X 154
150 150.5 0.5 KMH220626 KMH220626 0.32 73 17787 44947 117200
150.5 151.1 0.3 KMH220628 KMH220628 0.36 110 20154 147494 138700
151.1 151.5 0.4 KMH220629 KMH220629 0.51 74 30463 75431 176000
151.5 151.9 0.4 KMH220630 KMH220630 0.46 116 28142 119777 193800
151.9 152.5 0.6 KMH220631 KMH220631 0.39 103 42328 97107 156200
152.5 152.8 0.3 KMH220632 KMH220632 0.55 198 33418 306000 168100
152.8 153.6 0.8 KMH220633 KMH220633 0.61 233 46119 317200 112800
153.6 154.2 0.6 KMH220634 KMH220634 0.34 38 9602 49905 246200
154.2 155 0.8 KMH220635 KMH220635 0.71 151 54888 160021 170200
155 155.4 0.4 KMH220636 KMH220636 0.35 67 18113 125737 110600
155.4 156 0.6 KMH220637 KMH220637 0.41 92 25085 165510 160400
156 156.5 0.5 KMH220639 KMH220639 0.53 129 34868 187158 189800
156.5 157 0.5 KMH220640 KMH220640 0.3 41 6920 63719 35794
157 158 1 KMH220641 KMH220641 0.86 11 1775 12300 12888
158 159 1 KMH220642 KMH220642 0.49 23 4762 22962 7444
159 160 1 KMH220643 KMH220643 0.57 10 1764 13758 3219
160 161 1 KMH220644 KMH220644 0.76 9 2247 5152 969
161 162 1 KMH220645 KMH220645 0.11 X 399 1008 902
162 163 1 KMH220646 KMH220646 0.87 X 568 1849 1284
163 164 1 KMH220647 KMH220647 0.28 6 720 2749 1025
164 165 1 KMH220648 KMH220648 0.06 X 481 1311 668
165 166 1 KMH220650 KMH220650 0.31 6 479 4513 1279
166 167 1 KMH220651 KMH220651 0.07 X 133 575 321
167 168 1 KMH220652 KMH220652 0.04 X 358 1375 515
168 169 1 KMH220653 KMH220653 0.11 X 382 3755 596
169 170 1 KMH220654 KMH220654 0.03 X 116 888 257
170 171 1 KMH220655 KMH220655 0.03 X 116 1165 362
171 172 1 KMH220656 KMH220656 0.03 X 90 171 431
172 173 1 KMH220657 KMH220657 0.04 X 209 289 404
173 174 1 KMH220658 KMH220658 0.1 X 457 980 686
174 175 1 KMH220659 KMH220659 0.29 X 982 2198 664
175 176 1 KMH220660 KMH220660 0.2 X 794 375 460
176 177 1 KMH220662 KMH220662 0.43 X 960 1934 569
177 178 1 KMH220663 KMH220663 0.43 X 636 922 888
178 179 1 KMH220664 KMH220664 0.26 X 821 985 699
179 180 1 KMH220665 KMH220665 0.28 X 534 489 1012
180 181 1 KMH220666 KMH220666 0.05 X 303 508 712
181 182 1 KMH220667 KMH220667 0.05 X 769 2176 1100
182 183 1 KMH220668 KMH220668 0.17 6 2250 20179 1689
183 184 1 KMH220669 KMH220669 0.11 14 4370 42566 3885
184 185 1 KMH220670 KMH220670 0.11 12 3352 47662 5774
185 186 1 KMH220671 KMH220671 0.12 X 886 1741 1726
186 187 1 KMH220672 KMH220672 0.16 X 842 1393 1041
187 188 1 KMH220673 KMH220673 0.62 X 1700 4958 836
188 189 1 KMH220674 KMH220674 0.12 X 1553 3601 884
189 190 1 KMH220676 KMH220676 0.03 X 538 1829 1847
190 191 1 KMH220677 KMH220677 0.08 X 1060 2885 1632
191 192 1 KMH220678 KMH220678 0.02 X 457 517 539

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192 193 1 KMH220679 KMH220679 0.05 6 383 2258 3465
193 194 1 KMH220680 KMH220680 0.05 X 235 728 985
194 195 1 KMH220681 KMH220681 0.03 X 202 494 197
195 196 1 KMH220682 KMH220682 0.06 X 101 417 388
196 197 1 KMH220683 KMH220683 0.18 X 145 648 169
197 198 1 KMH220685 KMH220685 0.03 X 101 156 115
198 199 1 KMH220686 KMH220686 0.04 X 1087 250 166
199 200 1 KMH220687 KMH220687 0.04 X 836 80 167
200 201 1 KMH220688 KMH220688 0.05 X 54 291 361
201 202 1 KMH220689 KMH220689 0.04 X 109 216 286
202 203 1 KMH220690 KMH220690 0.06 X 161 109 187
203 204 1 KMH220691 KMH220691 0.02 X 199 153 145
204 205 1 KMH220692 KMH220692 0.14 X 87 373 597
205 206 1 KMH220693 KMH220693 0.02 X X 127 138
206 207 1 KMH220694 KMH220694 0.02 X 92 594 686
207 208 1 KMH220695 KMH220695 X X 37 527 1549
208 209 1 KMH220696 KMH220696 X X X 165 96
209 210 1 KMH220698 KMH220698 0.01 X 301 1293 168
210 211 1 KMH220699 KMH220699 X X 40 96 47
211 212 1 KMH220700 KMH220700 X X X X 86
212 212.4 0.4 KMH220701 KMH220701 X X 36 29 49

Note: Au by 50g Fire assay method GO_FAA50V10; 41 elements by method GO_ICP41Q100; greater than detection limits and ore grade analysis by method GO_CSA06V

CuEqIS calculated by interval as per previous note.

X= Below limits of detection

Table 4: Historical drill hole collar location

Hole_ID
Hole Type
Dip

Azim
Azim
Total
GDA94_mE
GDA94_mN
AHD
MHG_mE
MHG_mN
RLm
GDA94
MHG
Depth
TMH263
DDH
-68

276
321
198.7
499297
6395375
305.49
1368.72
356.71
1305.49
TMH252
DDH
-74

42
87
222.7
499192
6395334
305.86
1265.08
402.03
1305.86
USOZ003
DDH
25
45
90
140.8
499145
6395285
100.715
1233.041
326.136
1100.715
USOZ004
DDH
15
45
90
130.7
499145
6395284
100.056
1264.319
516.992
1100.056
KUSOZ053
DDH
19
40
85
192.7
499126.2
6395272.89
98.797
1269.457
1176.137
406.072
KUSOZ054
DDH
11
39
84
203.6
499125.82
6395272.55
98.209
1261.854
1175.633
406.098

Table 5: Historical drill hole significant intercepts

Hole_ID From To Int_m Au_ppm Ag_ppm Cu% Pb% Zn% CuEqIS
COG
TMH252 149.4 164.4 15 4.94 12.51 0.86 1.84 0.07 0.1
TMH252 150.4 151.4 1 incl. 3.24 88.00 0.84 21.10 0.16 1
TMH252 154 158.5 4.5 and incl. 6.86 9.68 1.24 0.45 0.05 0.5
TMH252 154 156.8 2.8 incl. 10.45 13.95 1.81 0.63 0.05 1
TMH252 160.8 164.4 3.6 2.25 9.83 1.50 0.93 0.12 1
TMH252 167 201.8 34.8 0.19 8.20 0.79 0.97 0.82 0.1
TMH252 167 177.7 10.7 incl. 0.31 3.56 0.96 0.31 0.18 0.5
TMH252 168.7 171.2 2.5 incl. 0.20 6.70 2.59 0.06 0.05 1
TMH252 175.1 177.7 2.6 and icl. 0.28 4.42 0.56 0.91 0.62 1
TMH252 180.65 183.15 2.5 0.30 27.44 4.70 2.38 1.52 1
TMH252 188 200.8 12.8 0.10 12.72 0.36 1.74 1.66 0.5

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TMH252 191.5 200.8 9.3 incl. 0.11 15.32 0.47 2.19 1.98 1
TMH263 149.2 198.7 49.5 0.33 15.38 0.26 1.62 1.56 0.1
TMH263 149.2 157.2 8 incl. 0.32 80.18 0.92 7.92 8.75 0.5
TMH263 150.15 156.2 6 and incl. 0.39 103.77 1.17 10.22 11.21 1
TMH263 162.1 163.25 1.2 0.34 8.00 0.18 1.21 0.26 0.5
TMH263 198 198.7 0.7 0.11 3.00 0.26 0.86 0.13 0.5
KUSOZ053 84 85 1 0.14 12.30 0.52 0.25 0.56 0.5
KUSOZ053 89 192.7 103.7 1.35 61.53 1.68 8.11 4.44 0.1
KUSOZ053 92 95.1 3.1 incl. 0.30 32.30 1.83 0.83 0.18 1
KUSOZ053 99 117 18 incl. 3.54 20.40 1.54 1.37 0.34 0.5
KUSOZ053 101 117 16 incl. 3.79 21.63 1.68 1.46 0.37 1
KUSOZ053 122 137 15 0.60 10.04 1.70 0.29 0.20 0.5
KUSOZ053 126.1 135.65 9.6 incl. 0.91 13.04 2.51 0.30 0.22 1
KUSOZ053 142 192.7 50.7 1.28 112.87 2.23 15.94 8.86 0.5
KUSOZ053 142 147 5 incl. 0.84 15.67 1.08 1.64 1.36 1
KUSOZ053 150 192.7 42.7 and incl. 1.42 131.98 2.51 18.72 10.35 1
KUSOZ054 34 38 4 0.02 0.83 0.01 0.14 0.20 0.1
KUSOZ054 42 50 8 0.06 11.77 0.99 0.14 0.30 0.1
KUSOZ054 46 47.7 1.7 incl. 0.14 44.22 3.93 0.30 0.81 1
KUSOZ054 54 60 6 0.05 2.90 0.16 0.41 0.38 0.1
KUSOZ054 56 59 3 incl. 0.07 4.53 0.24 0.64 0.65 0.5
KUSOZ054 75 203.6 128.6 0.29 15.21 0.52 1.47 1.45 0.1
KUSOZ054 84 86 2 incl. 0.06 8.85 2.17 0.12 0.74 0.5
KUSOZ054 85 86 1 incl. 0.10 14.10 3.73 0.15 1.23 1
KUSOZ054 90 93 3 and incl. 0.11 5.60 0.67 0.30 0.75 0.5
KUSOZ054 100 102 2 0.31 6.75 1.04 0.23 0.41 0.5
KUSOZ054 100 101 1 incl. 0.50 10.30 1.56 0.35 0.74 1
KUSOZ054 104.35 108 3.7 1.11 20.29 1.40 0.85 1.06 0.5
KUSOZ054 104.35 106.5 2.2 incl. 1.76 31.19 1.97 1.27 1.67 1
KUSOZ054 111 169 58 0.29 27.87 0.80 2.85 2.82 0.5
KUSOZ054 112.3 112.8 0.5 incl. 0.82 57.40 4.66 2.05 4.06 1
KUSOZ054 116 118 2 and incl. 0.24 7.55 1.12 0.34 0.59 1
KUSOZ054 125 149 24 and incl. 0.22 44.80 0.75 4.81 5.58 1
KUSOZ054 151.15 162 10.9 and incl. 0.83 37.55 1.78 3.66 1.71 1
KUSOZ054 178.3 186 7.7 0.31 10.47 0.22 1.09 0.93 0.5
KUSOZ054 180 181 1 incl. 0.49 11.90 0.11 1.38 1.90 1
KUSOZ054 182 183 1 and incl. 0.37 14.70 0.28 1.68 0.92 1
KUSOZ054 185 186 1 and incl. 0.86 23.20 0.27 2.30 2.28 1
KUSOZ054 189 190 1 and incl. 2.60 7.40 0.30 0.32 0.30 0.5
KUSOZ054 199 200 1 0.07 8.00 0.14 1.58 1.62 1
USOZ003 26.7 34 7.3 0.05 2.14 0.11 0.22 0.24 0.1
USOZ003 31.25 33.2 2 incl. 0.13 5.08 0.25 0.46 0.37 0.5
USOZ003 39.85 40.2 0.4 0.21 8.00 0.21 1.62 2.15 1
USOZ003 43.9 46.55 2.7 0.01 1.17 0.01 0.21 0.46 0.1

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USOZ003 53 53.3 0.3 0.09 8.00 0.46 0.56 0.01 0.5
USOZ003 63 63.5 0.5 0.65 75.00 1.23 6.20 0.72 1
USOZ003 68.6 116 47.4 0.65 11.97 0.55 1.07 0.13 0.1
USOZ003 68.6 73.2 4.6 incl. 0.10 0.19 0.84 0.77 0.11 0.5
USOZ003 68.6 70 1.4 incl. 0.27 16.14 1.81 0.14 0.14 1
USOZ003 78.8 79.15 0.4 and incl. 0.82 11.00 1.55 0.26 0.24 1
USOZ003 84 87 3 0.26 7.00 0.66 0.32 0.23 0.5
USOZ003 90 107 17 1.04 26.36 0.91 2.58 0.21 0.5
USOZ003 90 104 14 incl. 0.93 31.30 1.00 3.09 0.25 1
USOZ003 112 115 3 2.41 12.00 0.65 1.38 0.12 0.5
USOZ003 113 114 1 incl. 3.57 17.00 0.77 1.94 0.22 1
USOZ003 120 138 18 1.05 14.37 1.87 0.31 0.27 0.1
USOZ003 121 137 16 incl. 1.15 15.94 2.09 0.31 0.26 0.5
USOZ003 121 122 1 and incl. 1.44 30.00 0.65 1.30 0.66 1
USOZ003 125 137 12 and incl. 1.26 17.17 2.64 0.23 0.20 1
USOZ004 20.8 26.95 6.2 0.16 16.17 1.01 0.32 0.36 0.5
USOZ004 20.8 23.05 2.3 incl. 0.18 27.00 1.03 0.32 0.27 1
USOZ004 25.45 26.2 0.8 and incl. 0.43 38.00 4.17 0.84 1.29 1
USOZ004 60 130.7 70.7 0.43 9.25 0.76 1.09 0.97 0.1
USOZ004 62.8 63.6 0.8 incl. 0.19 7.00 0.53 0.04 0.10 0.5
USOZ004 65.2 66 0.8 and incl. 0.05 2.00 0.11 0.01 1.23 0.5
USOZ004 66.7 70 3.3 0.09 2.82 0.52 0.11 0.22 0.5
USOZ004 68.8 70 1.2 incl. 0.20 6.00 0.99 0.26 0.59 1
USOZ004 72.25 81.95 9.7 0.75 9.01 1.23 0.42 0.33 0.5
USOZ004 72.25 76 3.8 incl. 0.88 14.40 2.25 0.46 0.59 1
USOZ004 80.65 81.3 0.6 and incl. 0.89 29.00 2.61 2.92 0.95 1
USOZ004 86.45 87.15 0.7 9.08 31.00 1.16 1.51 1.40 1
USOZ004 89.35 129.2 39.9 0.39 12.68 0.92 1.74 1.54 0.5
USOZ004 90.1 101.9 11.8 incl. 0.16 6.64 1.28 0.57 0.36 1
USOZ004 106.95 127.8 20.9 and incl. 0.48 19.14 0.92 2.79 2.65 1

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Table 6: Historical drill hole geochemistry

HOLE_ID FROM TO INTERV SAMPLE Au Ag Cu Pb Zn
mdh mdh m DESCRIPTION mg/kg ppm ppm ppm ppm
DETECTION 0.01 5 25 25 25
UDET 100 500 500000 200000 100000
HOLE_ID FROM TO INTERVL SAMPLE Au Ag Cu Pb Zn
KUSOZ053 0 1 1 21622 X 0.5 43 36 35
KUSOZ053 1 2 1 21623 X 0.4 23 31 51
KUSOZ053 2 3 1 21624 X 0.5 20 51 142
KUSOZ053 3 4 1 21625 X 0.4 20 25 36
KUSOZ053 4 5 1 21626 X 0.4 11 42 105
KUSOZ053 5 6 1 21627 0.01 0.4 10 49 46
KUSOZ053 6 7 1 21628 X 0.4 10 55 68
KUSOZ053 7 8 1 21629 X 0.4 8 32 36
KUSOZ053 8 9 1 21630 X 0.4 9 31 48
KUSOZ053 9 10 1 21631 X 0.6 10 79 56
KUSOZ053 10 11 1 21632 X 0.5 9 60 39
KUSOZ053 11 12 1 21633 X 0.3 11 39 28
KUSOZ053 12 13 1 21634 X 0.3 9 29 25
KUSOZ053 13 14 1 21635 X 0.2 8 19 28
KUSOZ053 14 15 1 21636 X 0.2 9 24 27
KUSOZ053 15 16 1 21637 X 0.2 8 22 35
KUSOZ053 16 17 1 21638 X 0.2 9 15 40
KUSOZ053 17 18 1 21639 X 0.3 10 38 60
KUSOZ053 18 19 1 21640 0.01 0.3 8 19 36
KUSOZ053 19 20 1 21641 X 0.3 7 15 34
KUSOZ053 20 21 1 21642 X 0.4 7 14 38
KUSOZ053 21 22 1 21643 X 0.3 5 7 37
KUSOZ053 22 23 1 21644 X 0.3 3 7 38
KUSOZ053 23 24 1 21645 X 0.2 2 7 40
KUSOZ053 24 25 1 21646 X 0.3 3 8 39
KUSOZ053 25 26 1 21647 X 0.4 3 14 59
KUSOZ053 26 27 1 21648 X 0.5 5 23 46
KUSOZ053 27 28 1 21649 X 0.6 3 15 58
KUSOZ053 28 29 1 21650 X 0.8 3 31 89
KUSOZ053 29 30 1 21653 0.01 2.4 18 101 119
KUSOZ053 30 31 1 21654 0.01 1.1 10 56 60
KUSOZ053 31 32 1 21655 0.01 0.5 14 91 122
KUSOZ053 32 33 1 21656 0.01 0.9 152 145 121
KUSOZ053 33 34 1 21657 X 0.9 101 394 629
KUSOZ053 34 35 1 21658 X 1 122 657 1190
KUSOZ053 35 36 1 21659 0.01 0.5 115 118 142
KUSOZ053 36 37 1 21660 0.01 0.4 49 95 126
KUSOZ053 37 38 1 21661 0.01 0.6 149 188 401
KUSOZ053 38 39 1 21662 X 0.3 32 69 179
KUSOZ053 39 40 1 21663 X 0.6 64 153 285
KUSOZ053 40 41 1 21664 X 0.6 9 436 204
KUSOZ053 41 42 1 21665 X 0.4 31 249 412
KUSOZ053 42 43 1 21666 X 0.8 162 1165 1660
KUSOZ053 43 44 1 21667 X 0.8 136 1120 2090
KUSOZ053 44 45 1 21668 X 0.7 122 699 1310
KUSOZ053 45 46 1 21669 X 0.5 159 175 245
KUSOZ053 46 47 1 21670 X 0.5 65 323 688
KUSOZ053 47 48 1 21671 X 0.9 169 1390 2090
KUSOZ053 48 49 1 21672 X 0.6 90 937 1850
KUSOZ053 49 50 1 21673 X 0.7 214 924 1820

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KUSOZ053 50 51 1 21674 X 0.5 5 21 51
KUSOZ053 51 52 1 21675 X 0.2 5 16 30
KUSOZ053 52 53 1 21676 X 0.2 5 26 46
KUSOZ053 53 54 1 21677 X 0.3 49 64 158
KUSOZ053 54 55 1 21678 0.01 0.6 177 118 228
KUSOZ053 55 56 1 21679 0.01 0.5 45 152 235
KUSOZ053 56 57 1 21680 0.02 0.9 255 576 297
KUSOZ053 57 58 1 21681 0.01 0.2 47 40 66
KUSOZ053 58 59 1 21684 0.01 0.2 21 60 78
KUSOZ053 59 60 1 21685 0.01 0.5 43 306 523
KUSOZ053 60 61 1 21686 0.01 0.5 55 371 654
KUSOZ053 61 62 1 21687 X 0.3 17 196 340
KUSOZ053 62 62.5 0.5 21688 0.01 0.7 138 625 881
KUSOZ053 62.5 63.7 1.2 21689 0.02 2.6 553 3090 4100
KUSOZ053 63.7 65 1.3 21690 0.01 0.9 113 437 570
KUSOZ053 65 66 1 21691 0.01 0.5 205 97 153
KUSOZ053 66 67 1 21692 0.01 0.4 66 152 176
KUSOZ053 67 68 1 21693 0.05 1.4 282 799 1580
KUSOZ053 68 69 1 21694 0.03 0.9 106 1030 1165
KUSOZ053 69 70 1 21695 0.01 0.7 99 321 368
KUSOZ053 70 71 1 21696 0.01 0.7 95 364 465
KUSOZ053 71 72 1 21697 0.01 0.3 44 38 420
KUSOZ053 72 73 1 21698 0.01 0.3 113 45 127
KUSOZ053 73 74 1 21699 0.03 0.9 185 929 1140
KUSOZ053 74 75 1 21700 0.04 0.5 214 232 313
KUSOZ053 75 76 1 21701 0.04 1.3 250 821 861
KUSOZ053 76 77 1 21702 0.06 1.8 776 245 462
KUSOZ053 77 78 1 21703 0.04 1.2 699 104 207
KUSOZ053 78 79 1 21704 0.02 1.4 725 146 466
KUSOZ053 79 80 1 21705 0.03 1 483 65 99
KUSOZ053 80 81 1 21706 0.04 1.2 494 80 293
KUSOZ053 81 82 1 21707 0.03 1.4 384 103 56
KUSOZ053 82 83 1 21708 0.06 3.2 1145 333 207
KUSOZ053 83 84 1 21709 0.02 1.6 883 387 31
KUSOZ053 84 85 1 21710 0.14 12.3 5210 2530 5630
KUSOZ053 85 86 1 21711 0.09 3.1 1720 574 118
KUSOZ053 86 87 1 21712 0.11 1.8 276 115 69
KUSOZ053 87 88 1 21713 0.05 1.8 579 542 437
KUSOZ053 88 89 1 21714 0.06 0.9 257 122 78
KUSOZ053 89 90 1 21715 0.19 3.3 905 340 318
KUSOZ053 90 91 1 21716 0.12 2.5 861 33 27
KUSOZ053 91 92 1 21717 0.02 3.1 1310 489 42
KUSOZ053 92 93.25 1.25 21718 0.39 49.9 22000 16300 1435
KUSOZ053 93.25 93.9 0.65 21719 0.05 2.9 1075 732 113
KUSOZ053 93.9 95.1 1.2 21720 0.35 29.9 23700 4140 3210
KUSOZ053 95.1 96 0.9 21721 0.07 1.6 649 387 370
KUSOZ053 96 97 1 21722 0.16 3.2 1770 578 80
KUSOZ053 97 98 1 21723 0.29 4.5 1185 1165 812
KUSOZ053 98 99 1 21724 0.26 5.5 2300 4480 3120
KUSOZ053 99 99.7 0.7 21725 0.5 6.1 5200 627 247
KUSOZ053 99.7 101 1.3 21726 2.14 13 4470 10100 596
KUSOZ053 101 102.2 1.15 21727 23 54.1 38400 13800 1085
KUSOZ053 102.15 103.3 1.1 21730 0.56 1 169 131 149
KUSOZ053 103.25 104 0.75 21731 21.8 54.1 17050 34800 383
KUSOZ053 104 105 1 21732 4.54 52.9 49800 23400 7150
KUSOZ053 105 106.4 1.35 21733 1.47 53.6 62100 22600 6320
KUSOZ053 106.35 107 0.65 21734 0.71 4.3 5070 1945 794

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KUSOZ053 107 108.4 1.4 21735 5.19 13.4 14400 8970 7690
KUSOZ053 108.4 109 0.6 21736 0.85 8.5 1180 15800 1690
KUSOZ053 109 110 1 21737 0.19 5.1 1530 8630 247
KUSOZ053 110 111 1 21738 1.39 30.3 13450 45100 13400
KUSOZ053 111 112 1 21739 0.06 1.7 1030 1570 532
KUSOZ053 112 113 1 21740 0.21 12.2 4870 19350 2810
KUSOZ053 113 114 1 21741 0.06 2.7 1910 2510 266
KUSOZ053 114 115 1 21742 0.19 17.8 9180 24300 6410
KUSOZ053 115 116 1 21743 0.15 5.7 1360 9420 1920
KUSOZ053 116 117 1 21744 0.15 14.8 19950 3350 4200
KUSOZ053 117 118 1 21745 0.05 1.5 2220 132 136
KUSOZ053 118 119.2 1.2 21746 0.06 1.4 881 155 99
KUSOZ053 119.2 120 0.8 21747 0.14 3.9 1995 1180 1680
KUSOZ053 120 120.9 0.9 21748 0.02 0.5 79 130 111
KUSOZ053 120.9 122 1.1 21749 0.02 0.9 183 170 113
KUSOZ053 122 123 1 21750 0.03 14.3 4390 11250 4850
KUSOZ053 123 124 1 21751 0.03 1 329 449 678
KUSOZ053 124 125 1 21752 0.07 4.6 3930 1525 3040
KUSOZ053 125 126.1 1.1 21753 0.02 0.7 468 95 57
KUSOZ053 126.1 127 0.9 21754 0.33 23.7 36200 8680 8720
KUSOZ053 127 127.6 0.6 21755 0.49 12.7 27500 2900 2000
KUSOZ053 127.6 129 1.4 21756 3.13 10.4 27200 179 252
KUSOZ053 129 130 1 21757 1.62 10.1 9730 7140 1275
KUSOZ053 130 131 1 21758 0.48 7.3 14950 1910 700
KUSOZ053 131 132 1 21761 1.32 34.4 77000 2740 6310
KUSOZ053 132 133 1 21762 0.13 7.7 14500 1220 634
KUSOZ053 133 134 1 21763 0.07 5.3 11200 312 235
KUSOZ053 134 135 1 21764 0.09 11.5 16050 5010 1690
KUSOZ053 135 135.7 0.65 21765 0.05 7.3 13650 966 538
KUSOZ053 135.8 137 1.2 21766 0.05 4.5 5900 1410 555
KUSOZ053 137 138 1 21767 0.04 2.9 2190 1420 2570
KUSOZ053 138 138.7 0.7 21768 0.04 1.1 171 992 214
KUSOZ053 139.35 140 0.65 21769 0.07 3.5 612 2540 4070
KUSOZ053 140 141 1 21770 0.02 1.3 618 736 518
KUSOZ053 141 142 1 21771 0.04 1.3 1520 723 2020
KUSOZ053 142 143 1 21772 0.14 7.6 11250 8150 3660
KUSOZ053 143 143.9 0.85 21773 0.12 7.8 9940 5100 5870
KUSOZ053 143.85 145 1.15 21774 0.39 18 5140 26300 19050
KUSOZ053 145 146 1 21775 0.83 20.2 15450 14200 22500
KUSOZ053 146 147 1 21776 2.68 23.2 12750 24900 14850
KUSOZ053 147 148 1 21777 X 0.7 105 196 127
KUSOZ053 148 149 1 21778 X 0.6 79 368 517
KUSOZ053 149 150 1 21779 0.08 7.2 3890 3260 3040
KUSOZ053 150 151 1 21780 0.41 88.3 33900 75600 105500
KUSOZ053 151 152 1 21781 0.11 11.7 2780 11150 38100
KUSOZ053 152 153 1 21782 0.32 146 18600 200000 93300
KUSOZ053 153 154 1 21783 0.54 191 39700 237000 183500
KUSOZ053 154 155 1 21784 0.57 283 51600 329000 159500
KUSOZ053 155 156 1 21785 0.65 262 44300 363000 168500
KUSOZ053 156 157 1 21786 0.42 195 37600 299000 163000
KUSOZ053 157 158 1 21787 0.39 132 37200 164000 209000
KUSOZ053 158 159 1 21788 0.42 195 42900 292000 170500
KUSOZ053 159 160 1 21789 0.51 190 45700 275000 163000
KUSOZ053 160 161 1 21792 0.37 208 25800 358000 106000
KUSOZ053 161 162 1 21793 0.31 208 22400 347000 76500
KUSOZ053 162 163 1 21794 0.4 204 28800 345000 145500
KUSOZ053 163 164 1 21795 0.52 204 30300 318000 150500

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KUSOZ053 164 165 1 21796 0.54 237 35100 357000 150000
KUSOZ053 165 166 1 21797 0.77 175 23400 154500 128000
KUSOZ053 166 167 1 21798 0.52 146 17750 219000 166500
KUSOZ053 167 168 1 21799 0.67 124 10750 208000 253000
KUSOZ053 168 169 1 21800 0.5 74 42200 148500 21600
KUSOZ053 169 170 1 21801 4.45 125 20400 128000 29500
KUSOZ053 170 171 1 21802 1.86 198 26500 285000 67100
KUSOZ053 171 172 1 21803 0.83 230 34500 350000 160000
KUSOZ053 172 173 1 21804 1.06 255 36100 399000 125000
KUSOZ053 173 174 1 21805 1.1 260 38400 383000 147500
KUSOZ053 174 175 1 21806 0.98 177 29300 266000 140500
KUSOZ053 175 176 1 21807 0.62 101 17700 203000 127500
KUSOZ053 176 177 1 21808 2.42 45.8 18750 61500 11500
KUSOZ053 177 178 1 21809 2.34 16.7 21700 9960 3390
KUSOZ053 178 179 1 21810 0.44 11.1 13850 9190 2270
KUSOZ053 179 180 1 21811 2.44 80.8 27000 95700 44600
KUSOZ053 180 181 1 21812 0.93 93.9 21800 132000 73300
KUSOZ053 181 182 1 21813 1.01 199 20300 288000 101500
KUSOZ053 182 183 1 21814 0.66 77.4 16400 93500 97800
KUSOZ053 183 184 1 21815 2.07 82.7 18200 115500 72000
KUSOZ053 184 185 1 21816 1.65 103 16150 146500 140000
KUSOZ053 185 186 1 21817 1.9 41.9 18850 45700 81300
KUSOZ053 186 187 1 21818 2.01 39.6 20600 45300 45200
KUSOZ053 187 188 1 21819 4.84 38.4 13150 47600 61400
KUSOZ053 188 189 1 21820 7.68 45 14000 50900 63500
KUSOZ053 189 190 1 21823 4.24 39.8 13850 41600 72200
KUSOZ053 190 191 1 21824 5.25 56.4 15700 50500 58300
KUSOZ053 191 192 1 21825 0.54 12.1 2060 12500 15800
KUSOZ053 192 192.7 0.7 21826 0.62 45.6 11000 46700 36000
KUSOZ054 0 1 1 21827 0.01 0.5 50 65 69
KUSOZ054 1 2 1 21828 0.01 0.6 31 32 93
KUSOZ054 2 3 1 21829 0.01 0.5 123 43 127
KUSOZ054 3 4 1 21830 0.01 0.5 19 31 33
KUSOZ054 4 5 1 21831 0.01 0.4 23 26 36
KUSOZ054 5 6 1 21832 0.01 0.3 13 26 32
KUSOZ054 6 7 1 21833 0.01 0.6 53 53 43
KUSOZ054 7 8 1 21834 0.01 0.5 15 45 38
KUSOZ054 8 9 1 21835 0.01 0.3 14 28 35
KUSOZ054 9 10 1 21836 0.01 0.5 16 46 51
KUSOZ054 10 11 1 21837 0.01 0.4 17 58 56
KUSOZ054 11 12 1 21838 0.01 0.4 13 41 48
KUSOZ054 12 13 1 21839 0.01 0.3 13 36 62
KUSOZ054 13 14 1 21840 0.01 0.3 11 23 51
KUSOZ054 14 15 1 21841 0.01 0.2 212 17 48
KUSOZ054 15 16 1 21842 0.01 0.4 13 33 59
KUSOZ054 16 17 1 21843 0.01 0.5 14 45 38
KUSOZ054 17 18 1 21844 0.01 0.5 15 31 34
KUSOZ054 18 19 1 21845 0.01 0.5 13 24 24
KUSOZ054 19 20 1 21846 0.02 0.4 13 18 45
KUSOZ054 20 21 1 21847 0.02 0.9 11 22 79
KUSOZ054 21 22 1 21848 0.04 3.5 44 71 70
KUSOZ054 22 23 1 21849 0.06 4.4 116 119 235
KUSOZ054 23 24 1 21850 0.01 0.8 12 29 54
KUSOZ054 24 25 1 21851 0.01 1 16 113 119
KUSOZ054 25 26 1 21852 0.01 0.5 10 70 121
KUSOZ054 26 27 1 21853 0.01 0.9 55 225 374
KUSOZ054 27 28 1 21854 0.01 0.6 29 116 254

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KUSOZ054 28 29 1 21855 0.01 0.3 8 94 211
KUSOZ054 29 30 1 21858 0.02 0.2 14 61 114
KUSOZ054 30 31 1 21859 0.01 1.3 357 1420 2600
KUSOZ054 31 32 1 21860 0.01 0.9 129 807 1505
KUSOZ054 32 33 1 21861 0.02 0.3 20 101 213
KUSOZ054 33 34 1 21862 0.03 0.3 14 42 19
KUSOZ054 34 35 1 21863 0.01 1 179 1430 1880
KUSOZ054 35 36 1 21864 0.02 1 168 1560 2800
KUSOZ054 36 37 1 21865 0.02 0.4 39 715 774
KUSOZ054 37 38 1 21866 0.02 0.9 199 1955 2290
KUSOZ054 38 39 1 21867 0.01 0.7 180 878 1200
KUSOZ054 39 40 1 21868 0.01 0.5 61 285 435
KUSOZ054 40 41 1 21869 0.01 0.7 63 310 637
KUSOZ054 41 42 1 21870 0.01 0.5 109 322 515
KUSOZ054 42 43 1 21871 0.01 1 293 922 1695
KUSOZ054 43 44 1 21872 0.01 0.5 11 362 579
KUSOZ054 44 45 1 21873 0.02 1.1 15 1030 1615
KUSOZ054 45 46 1 21874 0.05 10.4 6600 1900 4140
KUSOZ054 46 46.4 0.4 21875 0.23 142 73200 5000 7620
KUSOZ054 46.6 47.3 0.7 21876 0.02 1.8 2060 731 380
KUSOZ054 47.3 47.7 0.4 21877 0.31 42.8 90300 6510 26100
KUSOZ054 47.7 49 1.3 21878 0.06 2.2 1090 956 1730
KUSOZ054 49 50 1 21879 0.05 3.1 3930 363 282
KUSOZ054 50 51 1 21880 0.01 0.8 368 134 298
KUSOZ054 51 52 1 21881 0.03 0.7 680 370 419
KUSOZ054 52 53 1 21882 0.01 0.5 485 147 234
KUSOZ054 53 54 1 21883 0.01 0.2 147 70 426
KUSOZ054 54 55 1 21884 0.06 1.8 1300 2280 643
KUSOZ054 55 56 1 21885 0.02 0.5 431 213 110
KUSOZ054 56 57 1 21886 0.08 4.2 3730 3630 1820
KUSOZ054 57 58 1 21889 0.04 6.1 1440 11300 11100
KUSOZ054 58 59 1 21890 0.08 3.3 1990 4410 6710
KUSOZ054 59 60 1 21891 0.03 1.5 441 2500 2360
KUSOZ054 60 61 1 21892 0.02 0.5 143 658 226
KUSOZ054 61 62 1 21893 0.02 0.3 109 374 782
KUSOZ054 62 63 1 21894 0.04 0.5 449 307 280
KUSOZ054 63 64 1 21895 0.09 0.7 594 733 815
KUSOZ054 64 65 1 21896 0.05 3.1 562 2510 3750
KUSOZ054 65 66 1 21897 0.02 1.1 273 1870 267
KUSOZ054 66 67 1 21898 0.02 0.7 205 892 1125
KUSOZ054 67 68 1 21899 0.01 0.4 155 450 781
KUSOZ054 68 69 1 21900 0.02 0.2 190 40 171
KUSOZ054 69 70 1 21901 0.03 0.5 131 162 304
KUSOZ054 70 71 1 21902 0.01 0.4 177 206 309
KUSOZ054 71 72 1 21903 X 0.9 655 353 563
KUSOZ054 72 73 1 21904 0.02 1.2 160 1620 356
KUSOZ054 73 74 1 21905 0.01 0.6 103 507 586
KUSOZ054 74 75 1 21906 X 0.7 236 839 881
KUSOZ054 75 76 1 21907 0.02 1 231 1225 3720
KUSOZ054 76 77 1 21908 0.03 1.5 705 1525 3710
KUSOZ054 77 78 1 21909 0.01 0.4 120 473 909
KUSOZ054 78 79 1 21910 0.01 0.9 437 968 1170
KUSOZ054 79 80 1 21911 0.03 1.6 1500 1155 2720
KUSOZ054 80 81 1 21912 0.01 0.9 902 658 1830
KUSOZ054 81 82 1 21913 0.02 1.5 926 1260 2660
KUSOZ054 82 83 1 21914 0.02 0.7 735 258 319
KUSOZ054 83 84 1 21915 0.02 0.4 524 65 111

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KUSOZ054 84 85 1 21916 0.02 3.6 6180 935 2420
KUSOZ054 85 86 1 21917 0.1 14.1 37300 1490 12300
KUSOZ054 86 87 1 21920 0.03 1.9 3820 186 177
KUSOZ054 87 88 1 21921 0.03 1.5 1690 226 724
KUSOZ054 88 89 1 21922 0.02 1.7 2840 229 142
KUSOZ054 89 90 1 21923 0.01 0.8 233 310 312
KUSOZ054 90 91 1 21924 0.06 3.2 3980 1480 3040
KUSOZ054 91 92 1 21925 0.06 1.6 2350 381 751
KUSOZ054 92 93 1 21926 0.21 12 13800 7060 18650
KUSOZ054 93 94 1 21927 0.13 0.9 520 435 422
KUSOZ054 94 95 1 21928 0.11 0.8 225 704 1395
KUSOZ054 95 96 1 21929 0.08 2.9 3740 780 674
KUSOZ054 96 97 1 21930 0.09 0.6 593 143 274
KUSOZ054 97 98 1 21931 0.05 1.3 1830 239 188
KUSOZ054 98 99 1 21932 0.02 0.7 1200 64 100
KUSOZ054 99 100 1 21933 0.42 1.5 1200 884 237
KUSOZ054 100 101 1 21934 0.5 10.3 15550 3520 7350
KUSOZ054 101 102 1 21935 0.11 3.2 5180 1105 813
KUSOZ054 102 103 1 21936 0.04 1.6 3260 122 319
KUSOZ054 103 104.4 1.35 21937 0.06 1.2 2620 168 213
KUSOZ054 104.35 105 0.65 21938 2.06 25.1 18800 13500 15850
KUSOZ054 105 106 1 21939 2.05 35 21300 11200 8980
KUSOZ054 106 106.5 0.5 21940 0.78 31.5 17750 14600 33100
KUSOZ054 106.5 107 0.5 21941 0.27 3.2 6290 167 154
KUSOZ054 107 108 1 21942 0.15 5.4 5580 3800 2790
KUSOZ054 108 109 1 21943 0.01 0.9 182 901 1405
KUSOZ054 109 110 1 21944 0.02 1.6 396 1355 2540
KUSOZ054 110 111 1 21945 0.05 1.8 445 1840 3610
KUSOZ054 111 112.3 1.3 21946 0.06 2.8 839 4370 8880
KUSOZ054 112.3 112.8 0.5 21947 0.82 57.4 46600 20500 40600
KUSOZ054 112.8 114 1.2 21948 0.15 10.3 2930 5280 4470
KUSOZ054 114 115 1 21951 0.06 3 1530 2510 7860
KUSOZ054 115 116 1 21952 0.08 15.6 2990 4320 2970
KUSOZ054 116 117 1 21953 0.21 7.7 10150 4010 8380
KUSOZ054 117 118 1 21954 0.26 7.4 12250 2770 3300
KUSOZ054 118 119 1 21955 0.08 2.5 1460 3650 431
KUSOZ054 119 120 1 21956 0.12 2.6 3530 2180 2250
KUSOZ054 120 121 1 21957 0.16 3.8 4250 1730 420
KUSOZ054 121 122 1 21958 0.06 5.8 6130 2550 1255
KUSOZ054 122 123 1 21959 0.02 0.8 901 179 251
KUSOZ054 123 124 1 21960 0.05 2.1 974 1550 1330
KUSOZ054 124 125 1 21961 0.03 4.4 5590 1080 922
KUSOZ054 125 126 1 21962 0.07 11.5 5010 15750 13550
KUSOZ054 126 127 1 21963 0.04 3.3 1340 3840 4110
KUSOZ054 127 128 1 21964 0.02 1.4 809 1370 1540
KUSOZ054 128 129.4 1.4 21965 0.08 24.4 3220 31300 15700
KUSOZ054 129.4 130.3 0.9 21966 0.14 38.5 9920 45700 67000
KUSOZ054 130.3 131 0.7 21967 0.22 104 13950 121500 158500
KUSOZ054 131 131.9 0.9 21968 0.1 45.7 12050 70500 112500
KUSOZ054 131.9 133 1.1 21969 0.18 123 13050 152000 138000
KUSOZ054 133 134 1 21970 0.21 118 9690 152000 131500
KUSOZ054 134 135 1 21971 0.11 97.7 6160 65900 98500
KUSOZ054 135 136 1 21972 0.32 154 14150 90900 164000
KUSOZ054 136 137 1 21973 0.2 32.2 9980 39300 47400
KUSOZ054 137 138 1 21974 0.47 41.1 10850 45200 31000
KUSOZ054 138 139 1 21975 0.59 30.6 4870 40600 31600
KUSOZ054 139 139.6 0.6 21976 0.46 79.1 11850 83000 180500

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KUSOZ054 139.6 140.8 1.2 21977 0.15 31.9 2610 24500 79500
KUSOZ054 140.8 142 1.2 21978 0.7 41.1 14550 55300 45500
KUSOZ054 142 143 1 21979 0.05 9.7 2980 13550 7950
KUSOZ054 143 144 1 21982 0.11 26.5 3860 34700 29000
KUSOZ054 144 145 1 21983 0.14 23.1 8470 20900 14600
KUSOZ054 145 146 1 21984 0.43 17.2 4040 20200 23400
KUSOZ054 146 147 1 21985 0.06 7.7 2000 8830 9080
KUSOZ054 147 148 1 21986 0.44 36.1 13100 43500 15400
KUSOZ054 148 149 1 21987 0.15 11.9 7740 12650 12350
KUSOZ054 149 150 1 21988 0.04 2.3 547 2880 4190
KUSOZ054 150 151.2 1.15 21989 0.05 7.9 5430 5180 5240
KUSOZ054 151.15 152 0.85 21990 0.13 166 99300 232000 62300
KUSOZ054 152 152.9 0.85 21991 0.24 171 77500 84800 28900
KUSOZ054 152.85 154 1.15 21992 0.03 12.1 9930 4520 8800
KUSOZ054 154 155.1 1.1 21993 0.07 27.9 8550 6910 1905
KUSOZ054 155.1 156 0.9 21994 0.16 3.5 2810 5210 5030
KUSOZ054 156 157 1 21995 0.2 7.4 6030 9710 5230
KUSOZ054 157 158 1 21996 0.53 16.8 2800 17800 25800
KUSOZ054 158 159 1 21997 0.29 12.8 2340 22700 25000
KUSOZ054 159 160 1 21998 1.45 17.6 5830 24900 17400
KUSOZ054 160 161 1 21999 4.93 7.2 1610 13650 9680
KUSOZ054 161 162 1 22000 1.05 11.4 1340 22000 8110
KUSOZ054 162 163 1 22001 0.21 1.9 626 2490 1140
KUSOZ054 163 164 1 22002 0.06 1.3 538 1420 1140
KUSOZ054 164 165 1 22003 0.14 5.4 1250 11600 6200
KUSOZ054 165 166 1 22004 0.09 2.4 851 5530 6340
KUSOZ054 166 167 1 22005 0.05 2.7 419 6420 5540
KUSOZ054 167 168 1 22006 0.11 5 1430 9110 7870
KUSOZ054 168 169 1 22007 0.06 3.4 570 7600 6140
KUSOZ054 169 170 1 22008 0.02 1.1 230 1670 1600
KUSOZ054 170 171 1 22009 0.01 1.7 64 3300 3300
KUSOZ054 171 172 1 22010 X 4.3 888 4900 875
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KUSOZ054 181 182 1 22022 0.06 5.1 1175 4940 989
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KUSOZ054 188 189 1 22029 0.05 1 167 181 254
KUSOZ054 189 190 1 22030 2.6 7.4 2950 3230 2990
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KUSOZ054 197 198 1 22038 0.03 1.4 683 768 704
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TMH252 164.4 165.4 1 P415500 0.04 X 232 255 124
TMH252 165.4 166.4 1 P415501 0.13 X 188 131 389
TMH252 166.4 167 0.6 P415502 0.22 X 353 82 117
TMH252 167 168 1 P415503 0.07 2 7450 73 159
TMH252 168 168.7 0.7 P415504 0.05 X 2100 178 155
TMH252 168.7 169.7 1 P415505 0.18 7 28200 545 608
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TMH252 173.2 174.1 0.9 P415510 0.2 2 6420 828 264
TMH252 174.1 175.1 1 P415511 0.03 4 2940 6030 198
TMH252 175.1 176 0.9 P415512 0.08 6 12800 6460 221
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TMH252 180.65 181.4 0.75 P415518 0.34 44 98200 36200 19000
TMH252 181.4 181.8 0.4 P415519 0.06 3 2010 4340 4310
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TMH252 182.5 183.2 0.65 P415521 0.2 12 8360 17200 23000
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TMH252 200.8 201.8 1 P415546 0.01 1 208 1920 3100
TMH252 201.8 202.4 0.6 P415547 X X 27 153 266
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TMH263 73 74 1 P416678 0.02 1 21 155 33
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TMH263 81 82 1 P416686 0.01 X 35 288 1005
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USOZ004 70 70.75 0.75 P417778 0.01 1 1325 538 248
USOZ004 70.75 71.5 0.75 P417779 0.07 3 1925 930 2280
USOZ004 71.5 72.25 0.75 P417780 0.12 2 3600 1205 1465
USOZ004 72.25 73 0.75 P417784 0.13 16 30900 7360 17500
USOZ004 73 73.75 0.75 P417785 2.02 34 52600 7580 2830
USOZ004 73.75 74.5 0.75 P417786 1.55 11 17900 702 972
USOZ004 74.5 75.25 0.75 P417787 0.05 1 2480 112 94

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USOZ004 75.25 76 0.75 P417788 0.66 10 8800 7300 8030
USOZ004 76 76.75 0.75 P417789 0.39 5 5490 2950 2220
USOZ004 76.75 77.5 0.75 P417790 0.02 X 948 371 481
USOZ004 77.5 78.25 0.75 P417791 0.02 X 483 111 56
USOZ004 78.25 79.05 0.8 P417792 3.13 8 5460 1055 959
USOZ004 79.05 79.85 0.8 P417793 0.02 X 998 108 78
USOZ004 79.85 80.65 0.8 P417794 0.13 3 3530 317 227
USOZ004 80.65 81.3 0.65 P417795 0.89 29 26100 29200 9480
USOZ004 81.3 81.95 0.65 P417796 0.7 3 7640 657 431
USOZ004 81.95 82.7 0.75 P417797 X 1 406 2960 67
USOZ004 82.7 83.45 0.75 P417798 0.01 X 163 658 1155
USOZ004 83.45 84.2 0.75 P417799 0.07 1 1200 703 247
USOZ004 84.2 84.95 0.75 P417800 0.04 2 754 2130 2570
USOZ004 84.95 85.7 0.75 P417801 0.04 1 2990 147 255
USOZ004 85.7 86.45 0.75 P417802 0.03 X 659 70 79
USOZ004 86.45 87.15 0.7 P417803 9.08 31 11600 15100 14000
USOZ004 87.15 87.85 0.7 P417804 0.02 1 1960 382 206
USOZ004 87.85 88.6 0.75 P417805 0.11 X 100 100 88
USOZ004 88.6 89.35 0.75 P417806 0.05 1 2570 77 85
USOZ004 89.35 90.1 0.75 P417807 3.17 5 8010 342 179
USOZ004 90.1 90.7 0.6 P417811 0.18 30 24700 33000 49700
USOZ004 90.7 91.3 0.6 P417812 0.05 1 4820 269 154
USOZ004 91.3 91.9 0.6 P417813 0.03 X 545 1540 533
USOZ004 91.9 92.55 0.65 P417814 0.08 4 6120 1465 1680
USOZ004 92.55 93.2 0.65 P417815 0.58 8 21700 984 263
USOZ004 93.2 93.85 0.65 P417816 0.14 6 7430 7240 9320
USOZ004 93.85 94.5 0.65 P417817 0.05 2 1235 4570 186
USOZ004 94.5 95.15 0.65 P417818 0.31 9 19900 6870 871
USOZ004 95.15 95.8 0.65 P417819 0.12 6 17100 5550 623
USOZ004 95.8 96.5 0.7 P417820 0.06 4 764 15700 267
USOZ004 96.5 97.2 0.7 P417821 0.05 4 5130 11200 1065
USOZ004 97.2 97.9 0.7 P417822 0.19 5 14100 4370 374
USOZ004 97.9 98.6 0.7 P417823 0.06 1 977 2130 219
USOZ004 98.6 99.1 0.5 P417824 0.27 12 41300 1330 1230
USOZ004 99.1 99.85 0.75 P417825 0.07 3 4890 2790 372
USOZ004 99.85 100.6 0.75 P417826 0.22 8 21000 1245 518
USOZ004 100.6 101.3 0.65 P417827 0.15 9 25300 687 777
USOZ004 101.25 101.9 0.65 P417828 0.37 11 22200 1590 621
USOZ004 101.9 102.6 0.65 P417829 0.07 2 2930 1620 347
USOZ004 102.55 103.2 0.65 P417830 0.05 1 1590 1210 183
USOZ004 103.2 103.8 0.6 P417831 0.23 5 3910 7600 1260
USOZ004 103.8 104.3 0.45 P417832 0.09 3 1450 8270 6350
USOZ004 104.25 105 0.7 P417833 0.14 2 934 6480 1490
USOZ004 104.95 105.7 0.7 P417834 0.11 2 1280 3430 1580
USOZ004 105.65 106.3 0.6 P417835 0.25 3 4290 4450 1130
USOZ004 106.25 107 0.7 P417836 0.14 3 5600 3120 3630
USOZ004 106.95 107.4 0.4 P417837 0.44 41 146000 5010 1505
USOZ004 107.35 107.7 0.35 P417838 1.08 22 49300 13700 2720
USOZ004 107.7 108.4 0.7 P417839 0.08 5 9870 5720 4410
USOZ004 108.4 109.1 0.7 P417840 0.1 3 6610 2780 2000
USOZ004 109.1 109.8 0.7 P417841 0.15 9 9110 9590 1085
USOZ004 109.8 110.5 0.7 P417842 0.18 7 15700 6650 1415
USOZ004 110.5 111.2 0.7 P417843 0.09 5 2980 11000 450
USOZ004 111.2 111.9 0.7 P417890 0.33 10 6830 17100 22200
USOZ004 111.9 112.6 0.7 P417891 0.33 12 16700 14200 17700
USOZ004 112.6 113.3 0.7 P417892 0.24 8 4580 13600 4690
USOZ004 113.3 114 0.7 P417893 0.27 7 8000 8430 6560

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USOZ004 114 114.6 0.6 P417894 0.12 2 4780 680 592
USOZ004 114.6 115.1 0.5 P417895 0.28 50 4060 31200 8860
USOZ004 115.1 115.6 0.5 P417896 0.89 71 4020 161500 42600
USOZ004 115.6 116.4 0.75 P417897 0.17 8 2390 17800 5140
USOZ004 116.35 117.1 0.75 P417898 0.44 30 4370 69600 21100
USOZ004 117.1 118 0.9 P417899 0.11 1 381 775 669
USOZ004 118 118.5 0.5 P417900 0.37 52 6170 39200 62700
USOZ004 118.5 119 0.5 P417901 0.32 31 6150 26200 80600
USOZ004 119 119.6 0.6 P417902 0.29 56 15600 80300 196000
USOZ004 119.6 120.3 0.65 P417903 0.22 33 6630 34500 96800
USOZ004 120.25 120.9 0.65 P417904 0.32 63 15300 93500 124500
USOZ004 120.9 121.6 0.7 P417905 0.19 15 3090 17200 16400
USOZ004 121.6 122.2 0.6 P417906 0.28 6 1675 5240 33000
USOZ004 122.2 122.9 0.7 P417907 1.41 17 4020 11600 9020
USOZ004 122.9 123.6 0.7 P417908 0.05 1 145 1075 1715
USOZ004 123.6 124.3 0.7 P417909 0.65 22 2700 17200 76200
USOZ004 124.3 125 0.7 P417910 3.26 44 8240 103000 17000
USOZ004 125 125.7 0.7 P417911 1.57 12 1485 44600 8870
USOZ004 125.7 126.4 0.7 P417912 0.13 1 1485 3580 2980
USOZ004 126.4 127.1 0.7 P417913 0.86 15 1530 36000 7730
USOZ004 127.1 127.8 0.7 P417914 0.37 11 2780 24800 17100
USOZ004 127.8 128.5 0.7 P417915 0.19 6 570 13300 5270
USOZ004 128.5 129.2 0.7 P417916 0.48 10 1135 22300 6770
USOZ004 129.2 129.9 0.7 P417917 0.14 2 545 2980 2490
USOZ004 129.9 130.7 0.8 P417918 0.19 4 929 4550 3380

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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.

About Kingston Resources

Kingston Resources is a gold producer, focused on building a mid-tier gold and base metals company, with current production from the Mineral Hill gold and copper mine in NSW, and advancing its flagship development asset, the 3.8Moz Misima Gold Project in PNG.

Mineral Hill is a gold and copper mine located in the Cobar Basin of NSW. Alongside current production, exploration is focusing on near mine production opportunities from both open pit and underground targets located on the existing MLs. The aim will be to expand and update the existing Resource base to underpin mine feasibility work and approvals to ensure an immediate transition to open pit and/or underground feed at the completion of the tailings reprocessing.

Misima hosts a JORC Resource of 3.8Moz Au and an Ore Reserve of 1.35Moz, Kingston is completing a Definitive Feasibility Study (DFS) in H1 2022. Misima was operated as a profitable open pit mine by Placer Pacific between 1989 and 2001, producing over 3.7Moz before it was closed when the gold price was below US$300/oz. The Misima Project also offers outstanding potential for additional resource growth through exploration success targeting extensions and additions to the current Resource base. Kingston’s interest in Misima is held through its PNG subsidiary Gallipoli Exploration (PNG) Limited.

The Misima Mineral Resource and Ore Reserve estimate outlined below was released in ASX announcements on 24 November 2020 and 15 September 2021. Further information is included within the original announcements.

Misima JORC 2012 Mineral Resource & Ore Reserve summary table

Resource Category Cut-off (g/t Au) Tonnes (Mt) Gold Grade (g/t Au) Silver Grade (g/t Ag) Au (Moz) Ag (Moz)
Indicated 0.3 97.7 0.79 4.3 2.5 13.4
Inferred 0.3 71.3 0.59 3.8 1.4 8.7
Total 0.3 169 0.71 4.1 3.8 22.1
Reserve Cut-off (g/t Au) Tonnes (Mt) Gold Grade (g/t Au) Silver Grade (g/t Ag) Au (Moz) Ag (Moz)
Probable 0.3 48.3 0.87 4.2 1.35 6.48

Mineral Hill JORC 2012 & JORC 2004 Mineral Resource & Ore Reserve summary table

Resource
Category
Tonnes
(kt)
Gold Grade
(g/t Au)
Silver Grade
(g/t Ag)
Cu % Pb % Zn % Au
(koz)
Ag
(koz)
Cu
(kt)
Pb (kt) Zn (kt)
Measured 698 2.63 40.3 0.85% 0.42% 0.28% 59 904 5.9 3.0 2.0
Indicated 4,542 0.92 21.4 0.66% 1.09% 0.55% 134 3126 30.1 49.7 25.1
Inferred 674 1.68 20.2 1.16% 1.30% 1.19% 36 438 7.8 8.8 8.0
Total 5,913 1.20 23.5 0.74% 1.03% 0.60% 229 4461 43.5 61.1 35.3
Reserve
Category
Tonnes
(kt)
Gold Grade
(g/t Au)
Silver Grade
(g/t Ag)
Cu % Pb % Zn % Au
(koz)
Ag
(koz)
Cu
(kt)
Pb (kt) Zn (kt)
Proved 55 2.30 17.0 4 31
Probable 2,017 1.38 4.9 67 315
Total 2,072 1.41 5.2 71 346

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 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.

Kingston confirms that it is not aware of any new information or data that materially affects the information included in all ASX announcements referenced in this release, and that all material assumptions and technical parameters underpinning the estimates in these announcements continue to apply and have not materially changed.

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JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary
Sampling Nature and quality of sampling •A diamond core drill rig was used to produce rock samples of core. Run length was variable between 3m
techniques (eg cut channels, random chips, and 1m depending on the ground conditions and any expected mineralization.
or specific specialised industry •Triple Tube PQ and HQ barrel set up was utilized to maximize recoveries. PQ was used in weathered
standard measurement tools zone, typically approximately the first 30m followed by HQ3.
appropriate to the minerals under
•Mineralization is typically determined by the presence of sulphides, namely pyrite, and alteration
investigation, such as down hole mineralogy. This is a visual assessment and at times verified by pXRF analysis.
gamma sondes, or handheld
XRF instruments, etc). These
examples should not be taken as
limiting the broad meaning of
sampling.
•Diamond drill core is orientated where orientation tools provided an outcome that is assessed as reliable.
•The geologist selects sample intervals based on logged lithology, alteration, mineralisation and
structures with a minimum sample length of 0.3m and a maximum of 1.0m. Drill core is sampled only
within potentially mineralised zones and extending up to 10m outside of mineralised zones as
determined by visual and/or pXRF analysis.
Include reference to measures
taken to ensure sample
representivity and the
appropriate calibration of any
measurement tools or systems
used.
•All drill core is sampled using an automated/mechanical core cutting machine with diamond cutting
blade. Samples comprise half core for HQ3, and quarter core for PQ3 with sample intervals determined
by the geologist and recorded as a cut sheet.
•For orientated drill core a cutting refence line is drawn approximately 15mm offset form 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.
Aspects of the determination of
mineralisation that are Material to
the Public Report.
In cases where ‘industry
standard’ work has been done

•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 placing calico bags and dispatched to SGS laboratory where they are received and
registered with a sample receipt document provided as a record of the chain of custody process.
this would be relatively simple
(eg ‘reverse circulation drilling
was used to obtain 1 m samples
from which 3 kg was pulverised

ASX: KSN 201/110 Pacific Hwy, Shares on Issue: 413M North Sydney, NSW 2060 Market Cap: A$60M +61 2 8021 7492 Cash: A$10.8M (31 Mar 2022) [email protected] www.kingstonresources.com.au

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@KSNResources

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Criteria JORC Code explanation Commentary
to produce a 30 g 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.
Drilling Drill type (eg core, reverse •Historical:- The Southern Ore Zone (SOZ) dataset contains drill holes collared between 800mE and
techniques circulation, open-hole hammer, 1400mE, and south of 775mN (local mine grid), that intersect the Mineral Hill Volcanics host rocks.
rotary air blast, auger, Bangka, Numerous holes have failed in overlying unmineralised Devonian sedimentary rocks and are not
sonic, etc) and details (eg core included. Historical drilling at the SOZ has seen a higher proportion of diamond core holes than is typical
diameter, triple or standard tube, at Mineral Hill with 139 diamond holes, 17 RC holes, and three percussion holes in the pre-2013
depth of diamond tails, face- historical dataset. Diamond drilling using HQ (61.1-63.Smm) core diameter and a standard barrel
sampling bit or other type, configuration is most common. Core from underground drilling was not routinely orientated. Orientation
whether core is oriented and if was attempted on numerous surface drill holes with mostly good results. Methods used over time
so, by what method, etc). included traditional spear and marker, and modern orientation tools attached to the core barrel. The SOZ
sampling dataset also Includes assays from over 5800 metres of underground sampling performed by
Triako from faces and walls, and sludge sampling from underground probe and blast percussion holes.
•KSN:- Triple tube diamond core, PQ3 collar followed by HQ3 tail.
Where possible corewas oriented using aReflexdown hole digitalorientationtool.
Drill sample Method of recording and •Recoveries were measured by the driller and/or offsider whilst in the splits on the rack at the rig site
recovery assessing core and chip sample using a handheld tape measure. Recoveries were written in permanent marker on a core block placed in
recoveries and results assessed. the core tray. The Geologist and/or field assistant measured the length of recovered core in the trays
Measures taken to maximise when meter marking the core. Recovery is recorded as a percentage per run.
sample recovery and ensure •PQ diameter core was used in more broken ground close to surface in order to maximize recoveries.
representative nature of the Additionally, the driller adjusted the length of runs depending on ground conditions, shorter runs were
samples. used in intervals of more challenging ground conditions. The driller used variable penetration rates in
Whether a relationship exists order to maximize recoverable core.
between sample recovery and •At this point there is no observed relationship between sample recovery and grade, although faults and
grade and whether sample bias shear areas are zones that are amenable to lower recoveries at Pearse North.
may have occurred due to
preferential loss/gain of
fine/coarse material.
Logging Whether core and chip samples •A qualified geologist logged the core for geological and geotechnical features. Logging captured,
have been geologically and lithological, alteration,mineralization, structuralandweatheringinformation.

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Criteria JORC Code explanation Commentary
geotechnically logged to a level •Geological logging is qualitative in nature noting the presence of various geological features and their
of detail to support appropriate intensities using a numerical 1-5 scale. Quantitative features of the logging include structural alpha and
Mineral Resource estimation, beta measurements captured as well as magnetic susceptibility data.
mining studies and metallurgical •The entire hole was logged and photographed both wet and dry.
studies. •Recent era digital photos and scans of film photography are stored electronically.
Whether logging is qualitative or
quantitative in nature. Core (or
costean, channel, etc)
photography.
The total length and percentage
of the relevant intersections
_logged. _
Sub- If core, whether cut or sawn and •Historical: ore regarded as significantly mineralised was cut in half for subsequent assay. This approach
sampling whether quarter, half or all core has the potential to miss finely disseminated gold mineralisation, and in some cases low grade Cu, high
techniques taken. Pb—Zn mineralisation was regarded as uneconomic and ignored. Underground core drilled by KBL was
and sample If non-core, whether riffled, tube fully sampled (sawn half core) and submitted for assay. All cored sections of KBL surface drill holes were
preparation sampled, rotary split, etc and assayed unless the volume of rock was deemed to have been effectively sampled by a pre-existing drill
whether sampled wet or dry. hole, for example in the case of wedging where the wedge hole trajectory is close (typically <5m) from
For all sample types, the nature, the parent hole. There was no standard procedure regarding the line of cutting with any veins and
quality and appropriateness of structural fabrics. However, an attempt was made to obtain an equivalent sample of mineralised material
the sample preparation in both halves of the core. Poorly mineralised core was typically cut perpendicular to any dominant
technique. fabric. Water used in the core cutting was unprocessed and hence unlikely to introduce contamination to
Quality control procedures the core samples. When sub sampling RC chips a riffle splitter or conical splitter is typically employed
adopted for all sub-sampling directly off the cyclone. In cases when sampling low grade or background intervals after determination
stages to maximise representivity
with portable XRF, 4m composite intervals were assembled by spearing. If anomalous results were
of samples. received from the Lab, the composite intervals were resubmitted from the remaining bulk sample as 1m
Measures taken to ensure that intervals by riffle splitting. Dry sampling was ensured by use of a booster air compressor when significant
the sampling is representative of
the in situ material collected,
groundwater was encountered in RC drilling. Field duplicates were periodically assayed by Triako and
CBH, but KBL did not routinely submitted duplicates for analysis. The HQ and HQ3 diameter core was
including for instance results for
field duplicate/second-half
sampling.
Whether sample sizes are
appropriate to the grain size of
the material being sampled.
deemed by KBL to provide a representative sample of the SOZ sulfide mineralisation which generally
comprises a fine- to medium-grained (1—5mm) intergrowth of crystalline sulfide phases such as
chalcopyrite, pyrite, galena and sphalerite; with quartz—mica— carbonate gangue. A typical 1m half
core sample weighs approximately 3.5-4.5 kg. The 4 “diameter bit, used as standard in RC drilling,
collected a typical bulk sample weighing up to 30kg per metre drilled, from which a split 1/10 sub-sample
typically weighing between 1.5 and 2.5 kg was submitted for assay. The split sub-sample was deemed
representative of the entire metre sampled.
•KSN:- The recovered core was subsampled by the logging geologist. Samples ranged in size from 30cm
to 1m. all samples were delineated to geological contacts. Individual samples were cut in half using a
modified bricksaw. The bladewas consistently situated 5 degrees to theleft ofthe orientation linewhere

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Criteria JORC Code explanation Commentary Commentary
available.
Half core HQ samples were collected to a minimum size of 30cm to ensure sufficient representivity of
sample for assay. This method is appropriate to capture the finer levels of geological detail not available
in RC drilling (majority of holes at Pearse North are RC). The increased detail of logging and sampling
will provide greater confidence in ensuing geological and resource models.
Routine QAQC was used in the sampling process. Blank material was introduced ration of 1:20. Certified
Reference Material was introduced at a ratio of 1:10 and in areas of identified mineralization.
Lab duplicates were used of the crushed primary sample. Two samples of the primary crushate were
analyzed and assessed for reproducibility.
Half Core sampling is a standard industry practice and appropriate for the nature of this drill campaign
(Validationofpreviousresults).
Quality of The nature, quality and Historical:- During the Triako era drilling at SOZ (2001—2005), samples were analysed for copper, lead,
assay data appropriateness of the assaying zinc, silver and gold using ALS Method IC581. All gold values >5 g/t were then repeated with method
and and laboratory procedures used AA26. All pulps returning >1%Cu, >1%Pb, >1% Zn, and/or >25g/t Ag were repeated with method
laboratory and whether the technique is OG46/AA46 (mixed acid digest, flame AAS). KBL routinely assayed for copper, lead, zinc, silver,
tests considered partial or total. arsenic, antimony, and bismuth using ALS Method ME-ICP41, with pulps returning over 10000ppm for
For geophysical tools, Cu, Pb, Zn or 100ppm for Ag, reanalysed with the ore-grade method ME-OG46. The aqua regia ME—
spectrometers, handheld XRF ICP41 and ME-OG46 methods are regarded as a total digestion technique for the ore minerals present
instruments, etc, the parameters at SOZ. Gold was analysed with the 50g fire-assay—AAS finish method Au-AA26. In the more recent
used in determining the analysis KBL drilling programs two standards were inserted every 30 samples in the sample stream. The
including instrument make and standards comprised Certified Ore Grade base and precious metal Reference Material provided by
model, reading times, Geostats Pty Ltd. The analysis of standards was checked upon receipt of batch results—all base metal
calibrations factors applied and standards analysed with the KBL core samples had ore elements within two standard deviations (SD) of
their derivation, etc. the provided mean standard grade with 53% of these having all ore element concentrations within one
Nature of quality control SD. Based on the results of standard analysis, in addition to the internal QA/QC standards, repeats and
procedures adopted (eg blanks run by the laboratory, the laboratory was deemed to provide an acceptable level of accuracy and
standards, blanks, duplicates, precision. For historical drilling from 2001—2005, standards were inserted at the start and end of each
external laboratory checks) and batch of samples sent to ALS. The laboratory was requested to repeat any high grade standards which
whether acceptable levels of returned values > 10% from the quoted mean, and >20% for the low grade standards.
accuracy (ie lack of bias) and KSN:- Gold analysis is determined by fire assay (FA) by using lead collection technique with a 50g
precision have been established. sample charge weight and AAS instrument finish. Gold by Fire Assay (FA) is considered a “complete or
total” method for total recovery of gold in sample.
A multi (42) element suit was used for full geochemical coverage. This was a 4 Acid Digest with an ICP-
OES finish. The 4 Acid digest is a total method. Historically Aqua Regia has been used at Mineral Hill.
Kingston has decided to use the more robust 4 acid digest for its drilling programs. The sample 0.2g
(df=500) is digested with nitric, hydrochloric, hydrofluoric and perchloric acids to effect as near to total
solubility of the sample as possible. With most silicate based material, solubility is to all intents and
purposes complete,however, elements suchas Cr, Sn,W,Zr, andinsome casesBa,may prove difficult

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Criteria JORC Code explanation Commentary
to bring into solution. This digest is in general unsuited to dissolution of chromite, titaniferous material,
barite, cassiterite, and zircon. In sulphidic samples, some of the sulphur may be lost (as H2S) or is
partially converted to insoluble elemental sulphur. Antimony can also partly be lost as volatiles under this
digest. Some minerals may dissolve, or partly dissolve and precipitate the element of interest. Examples
are silver, lead in the presence of sulphur/sulphate, barium in the presence of sulphur/sulphate , Sn, Zr,
Ta, Nb through hydrolysis.
•KSN utilized QAQC in the form of standards, blanks and duplicates in the diamond drilling program at
Pearse North. There were no 2SD exceedances in the QAQC performance with the assay results in
KSNDDH006. The QAQC results included in the first batch of assays will contribute to KSN’s ongoing
monitoring of laboratory performance.
Verification The verification of significant •Historical:- Significant intersections were checked by the Senior Mine Geologist, Senior Exploration
of sampling intersections by either Geologist, and Chief Geologist. Original laboratory documents from historical drilling exist in physical
and independent or alternative form though have were not reviewed by KBL for completeness. The Mineral Hill drilling database exists
assaying company personnel. in electronic form as a Microsoft Access database. The assay data were imported into the database from
The use of twinned holes. digital results tables sent by the laboratory, without manual data entry. The Senior Mine Geologist and
Documentation of primary data, Chief Geologist managed the drill hole assay database. 3D validation of drilling data and underground
data entry procedures, data sampling occurred whenever new data was imported for visualisation and modelling by KBL geologists in
verification, data storage Micromine*" and SurpacTM software. No adjustment were reported to have been made to assay data
(physical and electronic) received from the laboratory.
protocols. •The Senior Geologist and Chief Geologist checked and verified significant intersections.
Discuss any adjustment to assay •The results are for the first hole of a 8-hole program..
data. •Primary data was collected into an excel logging template. The Senior Geologist managed the database
and entered the primary data into a Microsoft Access database that is hosted onsite whilst the company
progresses with a database translation to a third-party provider.
•Assay data are not adjusted except for results that fall under the detection limit for the analytic method
and element. These entries areimputedwithanabsolutevalue of halfthe detection limit.
Location of Accuracy and quality of surveys •Historical:- The collar positions of holes drilled by Triako have been surveyed by mine surveyors and are
data points used to locate drill holes (collar consistent with surveyed underground workings. The holes were surveyed in Mineral Hill mine grid and
and down-hole surveys), also the national grid. The CBH drill hole collars were established by GPS using the national grid and
trenches, mine workings and converted to mine grid using the conversion established by Triako. KBL Mining Ltd collar locations were
other locations used in Mineral either surveyed by qualified mine surveyors or by real-time differential GPS (DGPS) in areas at surface
Resource estimation. distant from reliable survey stations. Coordinates were recorded in a local Mine Grid (MHG) established
Specification of the grid system by Triako in which Grid North has a bearing of 315 relative to True North (MGA Zone 55). The local grid
used. origin has MGASS coordinates of 498581.680 mE, 6394154.095 mN. Topographic control is reported to
Quality and adequacy of have been good with elevation surveyed in detail over the mine site area and numerous survey control
topographic control. points recorded.
•KSN:- A Differential GPS (DGPS) was used by the Senior Geologist to collect the collar co-ordinate
information. DGPS arerobust survey collectiontools that provide co-ordinates to the cmscale.

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Criteria JORC Code explanation Commentary
•Data is presented in Geographic Datum Australia (GDA) released 1994- GDA94 Zone 55.
•Kingston has a Digital Terrain Model (DTM) of the site constructed by a registered Surveyor. This is used
for planning purposed when designing drill holes. An updated lidar derived DTM will be used for the
upcomingresource estimate.
Data spacing
Data spacing for reporting of
•Historical:-Historical surface drilling at SOZ, like most of the Mineral Hill field, was mainly designed on an
and Exploration Results. east-west grid (relative to Mine Grid). Surface holes were drilled from drill pads arranged on a grid of
distribution Whether the data spacing and approximately 50 x 50m, typically with two to five separate holes drilled from each pad. Underground
distribution is sufficient to drilling at SOZ has also occurred from numerous sites, most commonly in the hanging wall of the
establish the degree of mineralisation, and drill holes have a greater range of orientations. As a whole, the drilling has typically
geological and grade continuity intersected the A, B, C, & D lodes at a spacing 25m x 25m between 160RL and ORL (between 147m
appropriate for the Mineral and 307 metres depth from surface) with closer drill spacing in many areas. Drilling has intersected the
Resource and Ore Reserve mineralisation at an average spacing of approximately 50x50m between ORL and -100RL (307m to
estimation procedure(s) and 407m depth from surface). Below - 100RL, only sporadic drilling has been carried out. Historical drilling
classifications applied. into the G & H lodes was mostly from underground sites at the northern and southern ends of the
Whether sample compositing has
deposit. Drilling has intersected the mineralised envelope with a spacing of approximately 25—30 m at G
been applied. Lode and 30—50m at H Lode. The majority of drill holes have been selectively sampled. Only intervals
that showed signs of mineralisation were assayed. H&SC considered the data spacing to be sufficient to
classify the resources at SOZ as Measured, Indicated and Inferred. Historically (Triako era), rock chip
samples from RC drilling at SOZ were first composited into four metre intervals for assay by riffle splitting
the individual metre bulk samples and combining. Composite intervals returning assay results of
economic significance were then resampled in 1m intervals from the bulk samples using a riffle splitter
and re-assayed. No sample compositing was applied by KBL during drilling at SOZ.
•KSN:- This announcement presents the new results of only one hole that is orientated at right angles
(normal) to the interpreted mineralised trends, and as an infill between existing flatter orientated
historical drilling.
•No compositinghas beenapplied.
Orientation Whether the orientation of •Historical:- Surface drill hole designs at SOZ mostly dip between 60 and 75 degrees to the to the east,
of data in sampling achieves unbiased intersecting the interpreted steeply west-dipping lodes at a favourable angle. In the central part of the G
relation to sampling of possible structures & H Lode domain, most of the drill holes are oriented at a non-ideal angle either down-dip or along strike
geological and the extent to which this is relative to the interpretation of mineralisation. The angle of existing drilling to interpreted mineralisation is
structure known, considering the deposit more favourable in the northern and southern parts of the G & H Lodes. Due to limited underground drill
type. sites
If the relationship between the •KSN drill holes are drilled approximately perpendicular to the overall dip strike of the mineralized lenses
drilling orientation and the at SOZ. No sampling bias is expected in the KSN drill holes.
orientation of key mineralised
structures is considered to have
introduced a sampling bias, this
should be assessed and reported

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Criteria JORC Code explanation Commentary
if material.
Sample The measures taken to ensure •Historical:- For diamond drilling, historically, half core was collected in calico sample bags marked with a
security sample security. unique sample number which were tied at the top. Samples were couriered by independent contractors
from the mine site to the ALS Laboratory, Orange, NSW. Specific records of historical sample security
measures were not recorded, however the methods were regarded as normal industry practice during an
external audit of Triako's historical data base, quality control procedures, survey, sampling and logging
methods in 2005. For historic RC drilling, representative samples from the rig were deposited into
individually numbered calico bags which were then tied at the top Samples were couriered by
independent contractors from the mine site to the ALS Laboratory. For diamond drilling, half core was
collected in calico sample bags marked with a unique sample number which were tied at the top
Samples were couriered by independent contractors from the mine site to the ALS Laboratory in Orange,
NSW.
•KSN:- Core is stored at the Mineral Holl core yard which is situated within the gated confines of the mine
area. Only authorised personnel with a swipe on key card can gain access. The drillers deliver the core
to the core yard where it is received by KSN.
•A KSN employed Field Assistant personally drives the samples to the SGS facility in West Wyalong
where it is handed over for laboratory analysis.
•Samples are received and checked at the dispatch center. Samples are transported to Townsville via
road. Samples are then received, checked and verified, and a formal receipt of samples supplied by the
Townsvillelaboratory.
Audits or The results of any audits or •Historical:- The historical data base, quality control procedures, survey, sampling and logging methods
reviews reviews of sampling techniques were reviewed by Barret, Fuller and Partners (BFP) in June 2005 on behalf of Triako Resources Ltd. The
and data. BFP report was authored by C.E. Gee and T.G. Summons and concluded that the Triako database and
procedures were of “normal industry practice". CBH Resources, and subsequently KBL Mining Ltd
maintained the Triako drilling and sampling procedures, bringing the database standards up to practice
during there tenure. A detailed QA/QC review of the Mineral Hill drill hole database was carried out in
2013-2014 by independent consultant geologist, Mr Garry Johansen. This work was performed as an
integral part of building a 3D digital geological model of the Mineral Hill district.
•KSN has engaged an external consultant to provide an initial assessment of the database and it has
been reported to be of acceptable quality.
•Nonewauditshave beencompleted to date outside ofthe databasereview.

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Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary Commentary
Mineral Type, reference name/number,
tenement and location and ownership
land tenure including agreements or
status material issues with third
parties such as joint ventures,
partnerships, overriding
royalties, native title interests,
historical sites, wilderness or
national park and
environmental settings.
The security of the tenure held
at the time of reporting along
with any known impediments to
obtaining a licence to operate in
the area.
As part of the recent transaction with Quintana, there exists a 2% Net Smelter Return (NSR) royalty over
future productionat theMineral Hill Mine.
Exploration Acknowledgment and appraisal The SOZ lodes were discovered by Triako Resources Ltd. The majority of drilling at SOZ to date was
done by other of exploration by other parties. carried out by Triako between 2001 and 2005.
parties
Geology Deposit type, geological setting The SOZ at Mineral Hill is an epithermal polymetallic (Cu—Au to Cu—Pb—Zn—Ag—Au) vein and breccia
and style of mineralisation. system hosted by the Late Silurian to Early Devonian Mineral Hill Volcanics, a pile of proximal rhyolitic
volcaniclastic rocks with minor reworked volcaniclastic sedimentary rocks. The mineralisation is
structurally controlled and comprises lodes centred on hydrothermal breccia zones within and adjacent to
numerous faults, surrounded by a halo of quartz—sulfide vein stockwork mineralisation. Mineralisation at
A Lode is mostly in the form of breccia, composed of volcanic wall rock and older quartz-sulphide vein
fragments set in a silica and sulphide matrix and locally comprising massive sulphide. This Lode is the
easternmost of theparallel to en-echelon west-dippingbreccia zones which make upthe SOZ. There is a

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Criteria
JORC Code explanation
Commentary Commentary Commentary Commentary Commentary Commentary Commentary Commentary Commentary
general zonation from Pb-Zn-Ag rich mineralisation at higher levels such as the A l
dominantmineralisationatlower levels.
ode to more Cu-Au
Drill hole
Information
A summary of all information
material to the understanding of
the exploration results including
a tabulation of the following
information for all Material drill
holes:
o easting and northing of the
drill hole collar
o elevation or RL (Reduced
Level – elevation above sea
level in metres) of the drill
hole collar
o dip and azimuth of the hole
o down hole length and
interception depth
o hole length.
If the exclusion of this
information is justified on the
basis that the information is not
Material and this exclusion
does not detract from the
understanding of the report, the
Competent Person should
clearly explain why this is the
case.
• SeeTable1toTable 6inthe body ofthe announcement. Grand
Total
327
29.26
182.52
115.22
1,045.47
244.45
301.45
439.83
59.74
681.07
395.78
285.29
348.69
348.69
16447.18
4
1,190.85
4,959.08
2,394.19
1,100.95
2,652.68
973.53
2,993.02
182.88
1652.65
1,165.57
Year Company Row Labels C
O
S
DDH PERC RAB RC ROTY AC Grand
Total
1963
Geol SurveyNSW 327 327
East Pit 29.26 29.26
Iodide 182.52 182.52
PARH 115.22 115.22
1965
Mines Exploration 1,045.47 1,045.47
East Pit 244.45 244.45
GD140 Area 301.45 301.45
Iodide 439.83 439.83
PARH 59.74 59.74
1966
Mines Exploration 681.07 681.07
East Pit 395.78 395.78
PARH 285.29 285.29
1967
CRA Exploration 348.69 348.69
PARH 348.69 348.69
1969
Cyprus Mines
(Amdex)
1985.65 14461.5
3
16447.18
4
5001 1,190.8
5
1,190.85
East Pit 4,959.0
8
4,959.08
GD140 Area 257.55 2,136.6
4
2,394.19
Iodide 1,100.9
5
1,100.95
JH Hanging
Wall
1,070.77 1,581.9
1
2,652.68
MissingLink 973.53 973.53
PARH 657.33 2,335.6
9
2,993.02
White Elephant 182.88 182.88
1970
Cyprus Mines
(Amdex)
1652.65 1652.65
East Pit 1,165.57 1,165.57

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Criteria
JORC Code explanation
Commentary Commentary
GD140 Area 100.89 100.89
PARH 386.19 386.19
1971
Cyprus Mines
(Amdex)
1081.67 52.58 1134.25
East Pit 213.36 213.36
Iodide 364.02 364.02
JH Hanging
Wall
213.36 213.36
PARH 290.93 52.58 343.51
1972
Kennecott 634.614 368.806 1003.42
Iodide 179.86 57.91 237.77
MHEL 133.5 88.39 221.89
PARH 321.26 222.5 543.76
1973
Kennecott 86.36 118.87 205.23
PARH 86.36 118.87 205.23
1974
Amdex 998.14 1377.22
4
2375.364
Bogong 271.88 646.17 918.05
BogongNth 323.08 323.08
Iodide 256.5 138.83 395.33
MissingLink 469.76 170.69 640.45
Mt Marshall 98.45 98.45
1979
GettyOil Dev. Co 946.45 932.2 1878.65
Iodide 486 91.75 577.75
MHEL 150 150
PARH 460.45 690.45 1,150.90
1980
GettyOil Dev. Co 420 925 1345
5001 150 150
East Pit 90 154 244
JH Hanging
Wall
180 157 337
MHEL 482 482
PARH 132 132
1981
GettyOil Dev. Co 638 2040 2678
5001 170 170
East Pit 185 797 982

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Criteria
JORC Code explanation
Commentary Commentary
GD140 Area 80 80
JH Hanging
Wall
453 453 906
MissingLink 540 540
1983
Buka 701.1 522 1223.1
5001 300 300
JH Hanging
Wall
701.1 72 773.1
MissingLink 150 150
1984
Elf Aquitaine 1459 1459
5001 540 540
East Pit 799 799
JH Hanging
Wall
120 120
1985
Elf Aquitaine 2560.9 2560.9
5001 230 230
A RAB 40 40
East Pit 1,246.0
0
1,246.00
JH Hanging
Wall
974.9 974.9
MissingLink 70 70
1986
Triako Resources 4.5 1994.3 1998.8
5001 140 140
East Pit 4.5 971.75 976.25
GD140 Area 205 205
Iodide 396.75 396.75
JH Hanging
Wall
280.8 280.8
1987
Triako Resources 1456.58 1633 2520.4 5609.98
1,176.0
0
210 1,386.00
5001 70 180 250
East Pit 1,133.03 108 1,462.4
0
2,703.43
GD140 Area 360 360
Iodide 136.35 141 277.35
JH Hanging
Wall
117.2 218 335.2
MissingLink 90 90

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Criteria
JORC Code explanation
Commentary Commentary
PARH 208 208
1988
Triako Resources 130 6551.3 6681.3
5001 497 497
Bogong 200 200
East Pit 1,828.5
0
1,828.50
GD140 Area 903 903
Iodide 1,404.0
0
1,404.00
JH Hanging
Wall
1,597.8
0
1,597.80
MHEL 121 121
PARH 130 130
1989
Triako Resources 440.3 762 6620.2 7822.5
160 160
5001 1,723.7
0
1,723.70
East Pit 762 1,612.0
0
2,374.00
GD140 Area 95.1 80 175.1
Iodide 80 524 604
JH Hanging
Wall
265.2 2,128.5
0
2,393.70
MissingLink 70 70
PARH 322 322
1991
Denehurst 3370.72 43.93 3414.65
JH Hanging
Wall
3,370.72 43.93 3,414.65
1992
Denehurst 478.6 503.85 982.45
Iodide 118.05 258.5 376.55
JH Hanging
Wall
360.55 245.35 605.9
Triako
Resources
58.25 89.5 147.75
5001 58.25 89.5 147.75
1994
Triako Resources 681.5 226.4 907.9
5001 162.8 59 221.8
MHEL 258.5 68.8 327.3
MissingLink 260.2 98.6 358.8
1995

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Criteria
JORC Code explanation
Commentary Commentary
Triako Resources 243 168.5 411.5
5001 141.6 98.5 240.1
PARH 101.4 70 171.4
1996
Triako Resources 1776.1 396.95 2173.05
5001 1,198.25 301.3 1,499.55
East Pit 415.85 35.65 451.5
Iodide 162 60 222
1997
Triako Resources 3854.8 1413.5 5268.3
5001 3,044.30 1,114.0
0
4,158.30
PARH 810.5 299.5 1,110.00
1998
Triako Resources 9241.05 2585.6 11826.65
5001 3,044.40 888.5 3,932.90
East Pit 4,919.25 1,439.6
0
6,358.85
Iodide 850.4 197.5 1,047.90
MissingLink 427 60 487
1999
Triako Resources 9559.2 13658 12033.8 35251
5001 444.9 444.9
A RAB 5,817.5
0
800 6,617.50
B RAB 6,021.5
0
6,021.50
Bogong 888 888
C RAB 422 422
East Pit 6,601.20 1,662.0
0
8,263.20
GD140 Area 957 957
Iodide 498.6 30 528.6
JH Hanging
Wall
420 420
MHEL 1,219.0
0
1,219.00
Missing Link 226.8 1,630.0
0
1,856.80
Nth Dome 150 150
PARH 1,787.70 840.8 2,628.50
PEARSE 346 346
PEARSE NTH 504 504
Sub-Tb 1,397.0
0
1,397.00

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Criteria
JORC Code explanation
Commentary Commentary
White Elephant 2,587.0
0
2,587.00
2000
Triako Resources 2722.55 854 5058 9615.2 18249.75
131F/W 627.85 627.85
A RAB 613.5 613.5
AREA 0553 309 309
B RAB 165 165
Bogong 69 69
Dome 294.5 294.5
East Pit 187.5 187.5
EOZ 430 430
EOZ(F/W) 120 120
EOZSthF/W 318.75 199.4 518.15
GD140 Area 171.9 1,868.8
0
2,040.70
Iodide 444.7 90 534.7
Jacks Hut Sth 60 60
MHEL 854 2,398.5
0
3,252.50
Mt Marshall 211 211
Mt Marshall NE 422 422
Nth Dome 300 300
PARH 761.65 724 1,485.65
PEARSE 90.2 206 4,830.0
0
5,126.20
PEARSE NTH 513.5 513.5
Sth Dome 399 250 649
STH LINE 90 90
WIOD 230 230
2001
Triako Resources 3450.5 10837.3 14287.8
131F/W 309.5 309.5
3200N 400 400
Ashes 414 414
Bogong 197.3 736 933.3
BogongDeeps 400 400
BogongNth 120 120
East Arm 350 350
East Pit 908.6 120 1,028.60
EOZ 446.4 446.4
EOZNth 206.4 378 584.4

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Criteria
JORC Code explanation
Commentary Commentary
MHEL 2,700.0
0
2,700.00
Mt Marshall NE 202 202
Nth Dome 400 400
PARH 781.1 1,582.3
0
2,363.40
PEARSE 486 486
PEARSE NTH 150 150
Portal Fault 187.2 261 448.2
Road Mag
Anom
560 560
SOZO 442 442
Sub-Tb 1,198.0
0
1,198.00
West Arm 352 352
2002
Triako Resources 7155.55 7794.2 14949.75
131F/W 195.1 195.1
5001 299.7 60.8 360.5
A RAB 200 200
Bogong 1,364.0
0
1,364.00
BogongNth 200 200
EOZ 3,792.60 396.9 4,189.50
EOZNthF/W 63.2 73 136.2
Far East 300 300
Iodide 270.1 120.9 391
JH Hanging
Wall
560.55 271.3 831.85
MissingLink 740.6 9 749.6
Mt Marshall NE 1,133.0
0
1,133.00
Nth Dome 762 762
PEARSE 1,747.0
0
1,747.00
SOZO 1,233.70 1,156.3
0
2,390.00
2003
Triako Resources 13393.3 7160.1 20553.4
Ashes 273.9 273.9
Bogong 250 250
BogongNth 150 150
EOZ 1,446.90 1,446.90
Mt Marshall NE 148 148
PARH 349.1 349.1

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Criteria
JORC Code explanation
Commentary Commentary
PEARSE NTH 446 446
SOZO 11,323.4
0
6,166.1
0
17,489.50
2004
Triako Resources 10040.7 731.8 10772.5
MHEL 506 506
SOZO 10,040.7
0
225.8 10,266.50
2005
Triako Resources 4706.3 1112 5818.3
Dome 912 912
PEARSE 200 200
SOZO 4,706.30 4,706.30
2007
CBH Resources 5824.18 5824.18
PARH 2,972.25 2,972.25
SOZ 974.03 974.03
WIOD 1,877.90 1,877.90
2008
CBH Resources 1475.9 205.2 417 2098.1
JH Hanging
Wall
168 168
MHTD 205.2 205.2
PARH 1,307.90 417 1,724.90
2009
KBL MiningLtd 3288 3288
PARH 1,166.0
0
1,166.00
PEARSE 1,310.0
0
1,310.00
WIOD 812 812
2010
KBL MiningLtd 919.8 102 7093 8114.8
PARH 303.9 303.9
PEARSE 615.9 102 5,491.0
0
6,208.90
PEARSE NTH 1,602.0
0
1,602.00
2011
KBL MiningLtd 1,418.60 476 1,894.60
PARH 899.4 899.4
PEARSE 476 476
SOZO 519.2 519.2
2012

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Criteria
JORC Code explanation
Commentary Commentary
KBL Mining Ltd 3,510.90 1,941.0
0
5,451.90
PARH 3,510.90 1,941.0
0
5,451.90
2013
KBL Mining Ltd 7,475.20 1,536.0
0
233 9,244.20
508.2 480 50.7 1,038.90
EOZ 900 900
PARH 3,929.60 3,929.60
PEARSE 261.5 261.5
Pearse FN 156 156
SOZ 2,775.90 182.3 2,958.20
2014
KBL MiningLtd 5,000.20 5,000.20
SOZ 1,269.80 1,269.80
SOZO 3,730.40 3,730.40
2015 KBL MiningLtd 2,602.65 4,806.65
SOZ 1,199.55 1,199.55
Red Terror 613.8 613.8
Pearse 414.1 414.1
Pearse North 295.2 1,288.0
0
1,583.20
Mt Marshal 80 80
Jacks Hut 916 916
2018 Quintana Minerals 585
TSF 585 585
~~•~~ TOTAL 112,349.
54
23,269.
54
18,921.
20
87,582.
33
720.68 585 248,037.4
3
Data
aggregation
methods
In reporting Exploration
Results, weighting averaging
techniques, maximum and/or
minimum grade truncations (eg
cutting of high grades) and cut-
off grades are usually Material
and should be stated.
Where aggregate intercepts
incorporate short lengths of
high grade results and longer
lengths of low grade results, the
procedure used for such
aggregation should be stated
•Significant intercepts reported in Table 2 and Table 5 of this announcement
Mineralised intercepts for reporting are derived from In-Situ Copper Equivalent (CuEqIS) using the
following formula. Proportions are based on spot USD$ commodity pricing and are not inclusive of
metallurgical recovery or mining costs.
CuEqIS= (Au_ppm0.006)+ (Ag_ppm0.0001)+ (Cu%1.0)+ (Pb%0.234) + (Zn%*0.436)
Spot Commodity Pricing: Copper USD$9098/t; Lead USD$2319/t; Zinc USD$4319/t; Gold USD$1883/oz;
Silver USD$24/oz
Drill hole intervals are reported as continuous zones at CuEqIS cut-off grade of greater than 0.1%, 0.5%, and
1.0%, with 2 metres maximum internal waste and minimum interval of 0.3mdh.
•Cu metals equivalents are only used to determine significant intercepts, and CuEqIS is not reported for
individual intervals for either historical or recent drill holes in this release.

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Criteria JORC Code explanation Commentary
and some typical examples of
such aggregations should be
shown in detail.
The assumptions used for any
reporting of metal equivalent
_values should be clearly stated. _
Relationship These relationships are •Significant intercepts widths are reported as down hole length, width not known.
between particularly important in the •Drilling was approximately perpendicular to the overall strike of mineralization.
mineralisation reporting of Exploration •Intercept widths are close to true across-strike/dip widths.
widths and Results.
intercept If the geometry of the
lengths mineralisation with respect to
the drill hole angle is known, its
nature should be reported.
If it is not known and only the
down hole lengths are reported,
there should be a clear
statement to this effect (eg
‘down hole length, true width
_not known’). _
Diagrams Appropriate maps and sections •See the body of this announcement for maps, diagrams, and tabulations.
(with scales) and tabulations of
intercepts should be included
for any significant discovery
being reported These should
include, but not be limited to a
plan view of drill hole collar
locations and appropriate
_sectional views. _
Balanced Where comprehensive •Comprehensive reporting was conducted on the single drill hole KSNDDH006.
reporting reporting of all Exploration •To ensure consistency in reporting between historical and recent drill holes, and relative significance of
Results is not practicable, intercepts, both historical and new mineralised intercepts have been determined based on the same new
representative reporting of both InSitu CuEq calculation based on updated economic assumptions.
low and high grades and/or •Cu metals equivalents are only used to determine significant intercepts, and CuEqIS is not reported for
widths should be practiced to individual intervals for either historical or recent drill holes in this release.
avoid misleading reporting of
_Exploration Results. _

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Criteria JORC Code explanation Commentary
Other Other exploration data, if •There are numerous historical exploration data sets at Mineral Hill mine, these are not deemed meaningful
substantive meaningful and material, should
or relevant for the purposes of this release of a single new drill hole.
exploration be reported including (but not
data limited to): geological
observations; geophysical
survey results; geochemical
survey results; bulk samples –
size and method of treatment;
metallurgical test results; bulk
density, groundwater,
geotechnical and rock
characteristics; potential
deleterious or contaminating
_substances. _
Further work The nature and scale of •Kingston plans to carry out programs of RC and Diamond drilling from surface and UG (at SOZ). Initially
planned further work (eg tests these holes will be confirmatory as well as testing depth and lateral extensions of the deposits outlined in
for lateral extensions or depth this release.
extensions or large-scale step- •Drill hole KSNDDH006 is a single initial hole of an 8 hole program for which core processing and analysis
out drilling). is yet to be complete.
Diagrams clearly highlighting •See the plan diagram in the body of the release for areas of possible extensions.
the areas of possible
extensions, including the main
geological interpretations and
future drilling areas, provided
this information is not
commercially sensitive.

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