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Kingsrose Mining Limited KRM Trading on ASX

Projects

Resource Table

Way Linggo Project Mineral Resource

As at 30 June 2018, the Total Mineral Resource for the Way Linggo Project was 1.55 million tonnes @ 7.3 g/t Au and 32 g/t Ag for 364,000 ounces of gold and 1,573,000 ounces of silver.

For Talang Santo, the underlying Mineral Resource models reported are the same as those reported 30 June 2017, with the differences being attributable to reduction due to mining activities (extraction and sterilisation) undertaken during the intervening period.

For Way Linggo, the underlying Mineral Resource model is the first one produced since the Company’s securities were reinstated on the ASX. The model previously reported in the 2017 Annual Report, at 30 June 2017, has been superseded and replaced by this model. The new model takes into account information and experience gained by the recent mining activity at the Way Linggo open pit. The Way Linggo model was estimated and reported as at 30 June 2018.

2018 Way Linggo Project Mineral Resource

Category Tonnes (Kt) Gold (Au) g/t Au Ounces (Koz) Silver (Ag) g/t Ag Ounces(Koz)
Talang Santo
Measured 205 10.5 69 24 160
Indicated 286 11.1 102 20 185
Inferred 701 5.0 112 20 459
Subtotal 1,192 7.4 283 21 804
Way Linggo
Measured
Indicated 257 8.1 67 79 653
Inferred 97 4.7 14 37 116
Subtotal 354 7.2 81 68 769
GRAND TOTAL 1,545 7.3 364 32 1,573

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
Measured 211 10.5 71 24 165
Indicated 311 11.2 112 21 207
Inferred 707 5.0 114 20 463
Subtotal 1,230 7.5 297 21 835
Way Linggo
Measured 301 14.5 140 181 1746
Indicated 169 6.3 34 61 332
Inferred 14 12.1 5 88 39
Subtotal 484 11.6 180 136 2,117
GRAND TOTAL 1,713 8.7 477 54 2,951

Mineral Resource Governance and Internal Controls

The Company ensures that the Mineral Resource estimate reported is subject to governance arrangements and internal controls at both a site and corporate level. The original Mineral Resource estimates at Way Linggo Mine and Talang Santo Mine were externally derived by an independent consulting organisation whose staff have exposure to best practice in modelling and estimation techniques. In addition, Kingsrose management has carried out internal reviews of the estimate to ensure that it accurately represents the geological models and has been classified appropriately.

Competent Persons Statement

The information in this report that relates to the Mineral Resource Estimates 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 mineralization 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.

Further information that relates to the Mineral Resource Estimate of the Talang Santo deposit is available in the report entitled “Talang Santo Resource Update” dated 12 August 2015 and is available to view on the Company’s website (www.kingsrosemining.com.au).

Further information that relates to the Mineral Resource Estimate of the Way Linggo deposit is available in the report entitled “Way Linggo Resource Update” dated 18 September 2018 and is available to view on the Company’s website (www.kingsrosemining.com.au).