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Kingsrose Mining Limited KRM Trading on ASX

Projects

Resource Table

As at 30 June 2017, the Total Mineral Resource for the Way Linggo Project was 1.7 million tonnes @ 8.7g/t Au and 54 g/t Ag for 477,000 ounces of gold and 2,951,000 ounces of silver.

This represents a 8% decrease in contained gold, and 5% decrease in contained silver, over the 2016 Way Linggo Project Mineral Resource. The underlying Mineral Resource models reported are the same as those reported 30 June 2016, with the differences being entirely attributable to reduction for mine depletion during the intervening period.

2017 Way Linggo Project Mineral Resource

Category Tonnes (Kt) Gold (Au) g/t Au Ounces (Koz) Silver (Ag) g/t Ag Ounces(Koz)
Talang Santo Mine
Measured 211 10.5 71 24.2 165
Indicated 311 11.2 112 20.6 207
Inferred 707 5.0 114 20.4 463
Subtotal 1,230 7.5 297 21.1 835
Way Linggo Mine
Measured 301 14.5 140 181 1745
Indicated 169 6.3 34 61 332
Inferred 14 12.1 5 88 39
Subtotal 484 11.6 180 136 2117
GRAND TOTAL 1,713 8.7 477 54 2,951

2016 Way Linggo Project Mineral Resource

Category Tonnes (Kt) Gold (Au) g/t Au Ounces (Koz) Silver (Ag) g/t Ag Ounces(Koz)
Talang Santo Mine
Measured 255 11.2 92 25 207
Indicated 335 10.7 115 20 216
Inferred 739 5.2 124 22 531
Subtotal 1,329 7.7 331 22 954
Way Linggo
Measured 318 14.4 147 174 1,784
Indicated 170 6.3 34 61 333
Inferred 14 12.1 5 88 39
Subtotal 502 11.5 186 134 2,156
GRAND TOTAL 1,831 8.8 517 53 3,110

Competent Person Statement
The information in this report that relates to the Talang Santo Mine Mineral Resource is based on and fairly represents information compiled under the supervision of Mr Bill Rayson, who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Rayson is a consultant to the company, and is an employee of “The Trustee For TES Trust”. Mr Rayson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves.” Mr Rayson consents to the inclusion in this report of the matter based on his information in the form and context in which it appears.

The information in this report that relates to the Way Linggo Mineral Resource is based on and fairly represents information compiled under the supervision of Mr Bill Rayson, who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Rayson is a consultant to the company, and is an employee of “The Trustee For TES Trust”. Mr Rayson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves.” Mr Rayson consents to the inclusion in this report of the matter based on his information in the form and context in which it appears.

The Way Linggo Mine Mineral Resource was first reported by the Company in compliance with the 2004 edition of the JORC Code and has not been updated to comply with the 2012 edition of the JORC Code. The Company confirms that it is not aware of any new information or data that materially affects the Way Linggo Mine Mineral Resource Statement and further confirms that all material assumptions and technical parameters underpinning the Way Linggo Mine Mineral Resource estimate continue to apply and have not materially changed.