KINGSTON RESOURCES LIMITED — Investor Presentation 2017

Jul 16, 2017

KINGSTON RESOURCES LIMITED

==> picture [70 x 42] intentionally omitted <==

ASX Announcement

17 July 2017

Livingstone Auger Sampling Program identifies multiple large gold anomalies

ASX Code: KSN

Share Price: A$0.019 Shares Outstanding: 665,769,985 Market Capitalisation: A$12.6m Cash: A$4.5m (Mar 31, 2017) ACN 009 148 529

Highlights

• Auger soil assays in excess of 1g/t Au identified

• Mt Seabrook anomaly 2km long, up to 1.74g/t in auger sampling

• Stanley anomaly 2.4km long

• Several other smaller anomalies identified up to 1.4g/t Au

Board and Management

Anthony Wehby Chairman

Andrew Corbett Managing Directo r

Andrew Paterson Technical Director

Stuart Rechner Non-Executive Director

Chris Drew Commercial Manager

Kingston Resources Ltd is pleased to announce the results of its recently completed auger sampling program at the Livingstone Gold Project in Western Australia. The drilling, conducted over an area of approximately 17km[2] , revealed high-tenor gold anomalies extending more than 2km across each of the Stanley and Mt Seabrook prospects (Figure 1). The results include gold values in excess of 1,000ppb or 1g/t Au, considered extremely high for a soil sample.

At the Mt Seabrook area, which includes two lines of old workings known as Mt Seabrook No.1 and No.2, auger drilling defined a large area of gold anomalism greater than 50ppb Au. The Mt Seabrook anomaly covers an area of over 2km long and up to 800m wide with a peak assay of 1.74g/t Au. The Mt Seabrook workings were sampled in 2016 by Kingston, with grab samples returning assays as high as 75.65g/t Au[1] .

In the Stanley area, a second major anomaly has been defined, extending east-west for over 3km with a width of up to 350m. Along strike from this to the west, a third anomaly 800m long lies on the same trend. In total, the Stanley trend extends over a total strike length of approximately 4.6km.

Several smaller anomalies were defined in the vicinity of the Livingstone North historic workings, with assay values as high as 1.4g/t Au. Full auger coverage was not achieved around Livingstone North due to the steep terrain; Kingston will endeavour to infill the sampling coverage by alternative means. One high-grade sample of 993ppb Au also sits on the western edge of the grid, so further auger work will be required to extend coverage in that direction.

Contact Details

205/283 Alfred St, North Sydney, NSW 2060 +61 2 8249 4968 info@kingstonresources.com.au

“These are extremely encouraging results, with high tenor gold anomalism and excellent continuity over long strike lengths” commented Andrew Paterson, Kingston Technical Director. “Previous conventional soil sampling had indicated anomalism over a broad area, but we were concerned about gold shedding down the hillsides creating false anomalies. The auger results have given us better definition, as well as increasing gold grade by a factor of five. We look forward to following this up with an aircore program as soon as possible”.

www.kingstonresources.com.au

1 ASX announcement 21 December 2016.

==> picture [596 x 60] intentionally omitted <==

ASX Announcement – 17 July 2017

==> picture [308 x 32] intentionally omitted <==

Kingston will initially test the anomalies using reconnaissance air-core or RAB drilling techniques to determine the widths and extent of any underlying mineralisation prior to moving into an RC drill campaign. This will allow a relatively fast, cost-effective assessment of each area in order to prioritise ongoing work.

As a result of this program and the earlier RC drilling at Homestead and Winja, Kingston has fulfilled the expenditure required for its 75% earn-in on the project (Figure 3). Kingston is now in a position to take up that interest at any time before 21 December 2017.

The Livingstone’s Find workings were historically the biggest producer of gold in the Robinson Range region prior to the advent of modern mining techniques, with reported production of 1,260oz of gold at an average grade of 21.85g/t[2] . Gold anomalies were first identified at Stanley after soil sampling by Western Mining Corporation in the 1980’s, and additional soil sampling by Talisman Mining confirmed the presence of gold anomalism at surface. Limited RAB and RC drilling in the area during the late 1980’s by Endeavour, WMC and Sons of Gwalia produced encouraging results. In spite of this, no drilling has been completed at Livingstone’s Find or Stanley since then.

==> picture [452 x 106] intentionally omitted <==

==> picture [452 x 105] intentionally omitted <==

==> picture [452 x 105] intentionally omitted <==

Figure 1: Livingstone gold anomalies over gradient-enhanced TMI background.

2 WAMEX Report A19665: Endeavour Resources Ltd, 1986.

2

3 Spring Street, Sydney, NSW 2000 +61 2 8249 4968 info@kingstonresources.com.au

ASX Announcement – 17 July 2017

==> picture [308 x 32] intentionally omitted <==

Livingstone: delayed assays from Winja drilling include an intersection of 18m @ 3.03g/t Au

Assays on a batch of delayed samples from the recent RC program at Livingstone returned a significant intersection of 10m @ 4.00g/t Au from 45m in hole KLRC014. This result sits above the previously-reported intersection of 8m @ 1.81g/t from 55m[3] , meaning the overall intersection now amounts to 18m @ 3.03g/t including a higher-grade zone of 7m @ 5.14g/t (Figure 2). This intersection is up-dip and on the same section as Talisman’s result of 18m @ 7.85g/t in hole TRC070. As such it confirms the chute-like structure of high grade mineralisation on that section.

Winja
Hole ID East North RL Azimuth Dip Depth (m)	From (m)	To (m)	Interval (m)	Au (g/t)
KLRC014 578758 7169241 448 -60 180 102	55	63	18	3.03
including	49	56	7	5.14

Table 1: Significant intersection KLRC014, Winja prospect. Intersections are calculated at a 0.7g/t lower

cut-off with a maximum of 1m internal dilution. Coordinates are GDA94 Zone 50.

==> picture [452 x 295] intentionally omitted <==

Figure 2: Winja prospect (Livingstone project) section 578760E (GDA94 Zone 50).

3 ASX Announcement 12 April 2017.

3

3 Spring Street, Sydney, NSW 2000 +61 2 8249 4968 info@kingstonresources.com.au

ASX Announcement – 17 July 2017

==> picture [308 x 32] intentionally omitted <==

==> picture [452 x 210] intentionally omitted <==

==> picture [452 x 105] intentionally omitted <==

Figure 3 – Livingstone project overview with geology and current prospects.

4

3 Spring Street, Sydney, NSW 2000 +61 2 8249 4968 info@kingstonresources.com.au

ASX Announcement – 17 July 2017

==> picture [308 x 32] intentionally omitted <==

About Kingston Resources

Kingston Resources is a metals exploration company. The company holds an attractive portfolio of lithium exploration tenements covering four key project areas. In Western Australia, the Mt Cattlin and Greenbushes projects are adjacent or near existing lithium mines. In the Northern Territory, the Bynoe project area is home to some exciting new discoveries and the Arunta project lies within a significant pegmatite field. In addition, the Livingstone Gold Project holds a 50koz inferred resource and is the site of a number of high grade historic intersections. The company is well funded to rapidly advance its exploration projects, with the initial focus being the Mt Cattlin, Bynoe, and Arunta lithium projects, alongside commencement of work on the Livingstone Gold Project.

Competent Persons Statement

The information in this report that relates to Exploration Results, Mineral Resources or Reserves is based on information compiled by Mr Andrew Paterson, who is a member of the Australian Institute of Geoscientists. Mr Paterson is a full-time employee of the Company and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a competent person as defined in the 2012 Edition of the “Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Paterson consents to the inclusion in this report of the matters based upon the information in the form and context in which it appears.

==> picture [347 x 294] intentionally omitted <==

Kingston Resources Project Locations

5

3 Spring Street, Sydney, NSW 2000 +61 2 8249 4968 info@kingstonresources.com.au

ASX Announcement – 17 July 2017

==> picture [308 x 32] intentionally omitted <==

JORC Code, 2012 Edition – Table 1 report

Section 1 Sampling Techniques and Data

==> picture [526 x 595] intentionally omitted <==

----- Start of picture text -----

Criteria JORC Code explanation Commentary
Sampling  Nature and quality of sampling (eg cut  Samples were collected from an open-hole
techniques channels, random chips, or specific auger drill at the carbonate layer, using acid to
specialised industry standard confirm the presence of carbonate. A single
measurement tools appropriate to the sample was collected from each auger hole.
minerals under investigation, such as down
hole gamma sondes, or handheld XRF
instruments, etc). These examples should
not be taken as limiting the broad meaning
of sampling.
 Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used.
 Aspects of the determination of
mineralisation that are Material to the
Public Report.
 In cases where ‘industry standard’ work
has been done this would be relatively
simple (eg ‘reverse circulation drilling was
used to obtain 1 m samples from which 3
kg was pulverised to produce a 30 g
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 circulation,  Vehicle-mounted auger.
techniques open-hole hammer, rotary air blast, auger, .
Bangka, sonic, etc) and details (eg core
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc).
Drill sample  Method of recording and assessing core  Sample recovery was not recorded.
recovery and chip sample recoveries and results
assessed. .
 Measures taken to maximise sample
recovery and ensure representative nature
of the samples.
 Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.
Logging  Whether core and chip samples have been  Samples were logged for colour, depth of sample,
geologically and geotechnically logged to a strength of acid response and the type of soil profile.
----- End of picture text -----

6

3 Spring Street, Sydney, NSW 2000 +61 2 8249 4968 info@kingstonresources.com.au

ASX Announcement – 17 July 2017

==> picture [308 x 32] intentionally omitted <==

==> picture [526 x 653] intentionally omitted <==

----- Start of picture text -----

Criteria JORC Code explanation Commentary
level of detail to support appropriate
Mineral Resource estimation, mining
studies and metallurgical studies.
 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-sampling  If core, whether cut or sawn and whether  Samples were not split, sub-sampled or sieved
techniques and quarter, half or all core taken. after collection.
sample  If non-core, whether riffled, tube sampled,
preparation
rotary split, etc and whether sampled wet
or dry.
 For all sample types, the nature, quality
and appropriateness of the sample
preparation technique.
 Quality control procedures adopted for all
sub-sampling stages to maximise
representivity of samples.
 Measures taken to ensure that the
sampling is representative of the in situ
material collected, including for instance
results for field duplicate/second-half
sampling.
 Whether sample sizes are appropriate to
the grain size of the material being
sampled.
Quality of  The nature, quality and appropriateness of  Samples were analysed at Intertek Genalysis
assay data and the assaying and laboratory procedures in Perth. After drying in an oven, the sample is
laboratory tests
used and whether the technique is pulverised to a nominal 85% passing 75μm.
considered partial or total. The milled pulps were digested by Aqua Regia
 For geophysical tools, spectrometers, solution and analysed by MS for gold only, with
handheld XRF instruments, etc, the a detection limit of 1ppb Au (method AR25 /
parameters used in determining the MS)
analysis including instrument make and  Certified reference materials (low level gold
model, reading times, calibrations factors standards) were inserted at every 20 [th] sample.
applied and their derivation, etc. A sample of sand was used as a blank, also at
 Nature of quality control procedures an interval of one in 20. Field duplicates were
adopted (eg standards, blanks, duplicates, not taken.
external laboratory checks) and whether
acceptable levels of accuracy (ie lack of
bias) and precision have been established.
Verification of  The verification of significant intersections  No independent geologists were engaged to
sampling and by either independent or alternative verifiy results.
assaying company personnel.  Kingston’s project geologists are supervised by
 The use of twinned holes. Kingston’s Chief Geological Officer.
 Documentation of primary data, data entry  All data was collated in a spreadsheet in the
procedures, data verification, data storage field.
(physical and electronic) protocols.
 Discuss any adjustment to assay data.
Location of  Accuracy and quality of surveys used to  Sample locations were recorded in duplicate
data points locate drill holes (collar and down-hole by twin GPS units.
surveys), trenches, mine workings and  Locations are recorded in GDA 94 Zone 50.
----- End of picture text -----

7

3 Spring Street, Sydney, NSW 2000 +61 2 8249 4968 info@kingstonresources.com.au

ASX Announcement – 17 July 2017

==> picture [308 x 32] intentionally omitted <==

==> picture [526 x 382] intentionally omitted <==

----- Start of picture text -----

Criteria JORC Code explanation Commentary
other locations used in Mineral Resource
estimation.
 Specification of the grid system used.
 Quality and adequacy of topographic
control.
Data spacing  Data spacing for reporting of Exploration  The sampling grid was designed on north-
and distribution Results. south lines 200m apart. Sample spacing was
 Whether the data spacing and distribution 50m. This spacing is sufficient to estimate
is sufficient to establish the degree of continuity of anomalous areas prior to drilling.
geological and grade continuity appropriate  No data compositing has been applied.
for the Mineral Resource and Ore Reserve  Auger sampling is considered indicative of
estimation procedure(s) and classifications underlying mineralisation, but drilling will be
applied. required to confirm the exact location, tenor
 Whether sample compositing has been and style of mineralisation.
applied.
Orientation of  Whether the orientation of sampling  The sampling lines were designed to be at
data in relation achieves unbiased sampling of possible right angles to the general trend of stratigraphy
to geological structures and the extent to which this is in this area.
structure
known, considering the deposit type.
 If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.
Sample  The measures taken to ensure sample  Chain of custody was managed by the
security security. sampling contractor. No issues were reported.
Audits or  The results of any audits or reviews of  No audits have been undertaken.
reviews sampling techniques and data.
----- End of picture text -----

Section 2 Reporting of Exploration Results

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

==> picture [528 x 211] intentionally omitted <==

----- Start of picture text -----

a JORC Code explanation Commentary
Mineral  Type, reference name/number, location and  Kingston Resources Limited has an option
tenement and ownership including agreements or material agreement to acquire a 75% interest in the
land tenure
issues with third parties such as joint Livingstone Gold Project from Trillbar
status
ventures, partnerships, overriding royalties, Resources Pty Ltd. Livingstone (E52/3403) is
native title interests, historical sites, located northwest of Meekatharra in Western
wilderness or national park and Australia, is an advanced exploration project
environmental settings. with an existing JORC2004 Inferred Au
 The security of the tenure held at the time of resource of 49,900 ounces and a number of
reporting along with any known impediments high-grade drilling intersections that indicate
to obtaining a licence to operate in the area. excellent potential for additional discoveries.
Exploration  Acknowledgment and appraisal of  The project has been subject to exploration
done by other exploration by other parties. by several companies over the past 30 years.
parties
This work has been built upon by successive
explorers, culminating most recently in the
work done by Talisman Mining Ltd pursuant
to the resource estimation at the Boundary
----- End of picture text -----

8

3 Spring Street, Sydney, NSW 2000 +61 2 8249 4968 info@kingstonresources.com.au

==> picture [308 x 32] intentionally omitted <==

ASX Announcement – 17 July 2017

==> picture [528 x 650] intentionally omitted <==

----- Start of picture text -----

a JORC Code explanation Commentary
prospect.
Geology  Deposit type, geological setting and style of  The following geological description is taken
mineralisation. from the TLM 2006 Homestead resource
report by Cornelius (Homestead was
previously referred to as the Boundary
prospect):
“The geology of the Boundary deposit consists of
poorly-outcropping talc-chlorite-carbonate ultramafic
rocks/schists and mafic rocks/schists (Narracoota
Volcanics), as well as minor phyllites, dolomites and
intermediate/felsic rocks covered by a thin veneer of
colluvial pisolitic laterite and recent alluvial cover.
“Mineralisation within the oxidized zone is associated
with limonite replacement of mainly carbonate
minerals and pyrite. The weathering profile is locally
depressed over the mineralisation, coincident with the
dip of the mineralised lodes. There has been a certain
degree of lateritic enrichment/mobilisation of gold,
with a small near-surface, near-lode
supergene gold blanket developed principally on the
hanging-wall of the mineralised lode position. Below
the base of oxidation, limited intercepts of the fresh
mineralisation show a composition of quartz-
carbonate-chlorite-(pyrite)-(gold), with the suggestion
of a moderate to strong quartz-pyrite-carbonate
proximal alteration associated with the gold
mineralisation, possibly within a (distal) chloritic
envelope.”
Drill hole  A summary of all information material to the  See location figures within this announcement for
Information understanding of the exploration results details of the sample locations.
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.
Data  In reporting Exploration Results, weighting  Assays are not weighted but presented as raw
aggregation averaging techniques, maximum and/or data.
methods
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
----- End of picture text -----

9

3 Spring Street, Sydney, NSW 2000 +61 2 8249 4968 info@kingstonresources.com.au

ASX Announcement – 17 July 2017

==> picture [308 x 32] intentionally omitted <==

==> picture [528 x 560] intentionally omitted <==

----- Start of picture text -----

a JORC Code explanation Commentary
be stated 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 particularly  No assumptions have been made as to the
between important in the reporting of Exploration relationship between auger sample grades,
mineralisation Results. anomaly size or orientation, and underlying
widths and mineralisation widths.
 If the geometry of the mineralisation with
intercept  Further work will be required to identify and
respect to the drill hole angle is known, its
lengths
quantify any significant mineralisation in the areas
nature should be reported.
highlighted by the auger results.
 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 (with scales)  Maps are contained within the body of this
and tabulations of intercepts should be announcement.
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 reporting of all  Appropriate plans are included in this release
reporting Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.
Other  Other exploration data, if meaningful and  All exploration results are reported
substantive material, should be reported including (but
exploration
not limited to): geological observations;
data
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 planned further  Ongoing work will include RAB/Aircore drilling to
work (eg tests for lateral extensions or depth better define mineralised zones, followed by RC
extensions or large-scale step-out drilling). drilling to quantify any mineralised intersections
 Diagrams clearly highlighting the areas of identified in the initial drilling phase.
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.
----- End of picture text -----

10

3 Spring Street, Sydney, NSW 2000 +61 2 8249 4968 info@kingstonresources.com.au