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Boardroom Radio Presentation
Quarterly Activities Report
Way Linggo Gold Project (85% KRM) produced a record 11,576oz of gold and 126,495oz of silver (or 13,718oz gold equivalent) for the Quarter, a 19% increase in gold production from the previous Quarter.
Cash operating costs for the Quarter were US$287 per gold ounce. This falls to US$199 per gold ounce when allowing for unsold silver bullion inventory at end-‐December 2011 (sold in January).
The Way Linggo Project generated an unaudited cash operating surplus (EBITDA) of US$16.7 million for the Quarter.
A maiden resource was calculated for Talang Santo with a Total Inferred Resource of 879,000 tonnes at 5.89 g/t gold and 14.63 g/t silver containing an estimated 166,400oz of gold and 413,000oz of silver. A mine adit and separate inclined shaft for trial mining at Talang Santo was commenced.
Metallurgical testwork was completed on a composite of vein intercepts from Talang Santo and concluded a clean ore with gold recoveries of 92.3% and silver recoveries of 96% using parameters typical of the Way Linggo ore processing circuit.
Exploration focused was on the further infill and extension drilling of the Talang Santo vein system. In addition significant ground reconnaissance works and scout drilling commenced on high priority targets at Semung Kecil, Linggo-‐Sapta and Rowo Rejo Prospects.
Announced that Kingsrose had resolved to introduce a dividend policy, whereby it intends to pay an annual dividend to shareholders in the June Quarter of 2012, subject to capital expenditure requirements, acquisition activity and liquidity needs (see ASX announcement dated 21 December 2011).
Closing cash balance and bullion increased A$7m for the Quarter to A$39.2 million: no debt.
Kingsrose foreshadows maiden dividend
The board of PT Natarang Mining has advised of its intent to pay a dividend from profits to Kingsrose. This will follow the full (calendar) year audit and accounts and is expected to be complete by the end of April 2012.
As a result, the Directors expect to be in a position to declare and pay a maiden interim dividend in the June quarter of 2012.
Bell Potter Research
Talang Santo Maiden Resource
Maiden Mineral Resource Estimate at Talang Santo totals 879,000 tonnes at 5.89 g/t gold and 14.63 g/t Silver for a contained 166,400oz of gold and 413,000 oz silver.
The Talang Santo ore system remains open along strike and at depth and 6 (six) rigs continue to drill test the system.
The Total Mineral Resource for the Way Linggo Gold Project (Kingsrose 85%) increases to 1,589,000 tonnes at 7.89g/t Gold and 68.66 g/t Silver containing 396,430 ounces of gold and 3,489,800 ounces of silver.
December 2011 Presentation
Boardroom Radio presentation
Kingsrose wins ResourcesStocks "Best Producer of 2011"
"In a year where the gold price reached record highs, it was no surprise to see a gold producer bag Best Producer of 2011.
"The nominees were CGA Mining for its Masbate mine in the Philippines, Kingsrose Mining for its Way Linggo mine in Indonesia, Medusa Mining for the Co-O mine in the Philippines and Ramelius Resources for the Wattle Dam mine in WA.
“Tonight’s finalists have all had a good year, but one gold miner shone out above all others based on average head grade, production cost of $US142 an ounce and strong exploration upside,” Aspermont managing editor Ron Berryman said before presenting the award to winner Kingsrose.
"Kingsrose kicked off commissioning at Way Linggo in August last year and has since produced 36,758oz gold and 439,532oz silver at $145/oz.”
Quarterly Activities Report - September 2011
Way Linggo Gold Project (85% KRM) produced 9,702 oz of gold and 120,663oz of silver (or 11,918 oz gold equivalent) for the quarter. Gold production increased by 11% from the previous quarter despite down-time resulting from the tie-in and commissioning of the SAG mill.
Cash operating costs for the quarter were US$154 per gold ounce (after silver credits).
Project Cash Operating Surplus (EBITDA) reached US$13.08 million for the quarter (preaudit).
Successful commissioning of the SAG mill improved operability of the plant and increased milling capacity.
The Way Linggo total Mineral Resource update as of 30 June 2011 was 710,342 tonnes @ 10.24 g/t Au and 135.6 g/t Ag.
Drilling success continued at the Talang Santo prospect with additional high grade epithermal vein intercepts received that continue to suggest that the prospect has potential to be a second mine at the Way Linggo Operation.
Closing cash balance and bullion increased $A5.4 million for the quarter to A$32.7 million.
Kingsrose Mining - Gold miners at Resources Rising Stars
Video - http://brr.com.au/event/87230



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