Kingsrose Mining Limited is an ASX listed specialist high grade, narrow vein underground gold miner. The Company has an 85% interest in the Way Liggo Project in South Sumatra, Indonesia.
The Project is held under a 100km2 4th generation Contract of Work (CoW) with the Indonesian Government and is located on the mineral rich Trans-Sumatran Fault, part of the Pacific Rim of Fire. The Project has established infrastructure with a 140Ktpa Merrill Crowe gold circuit and has a track record of high grade, low cost gold production from the original Way Linggo mine.
The Company’s second mine on the Project area – Talang Santo is now fully permitted and currently transitioning to full production. The mineralised system in, and around the Talang Santo mine is shaping up to be a significantly larger mineralised system than previously seen elsewhere in the Project area, with the ore body remaining open at depth and mineralisation continuing along strike.
The Company has a clearly defined 3 tier ‘Growth Strategy’ focussed on staged expansion aimed at exploiting the full potential of the Way Linggo Project area.