The Way Linggo Project
Kingsrose Mining Limited is an ASX Listed (ASX:KRM) gold production and exploration company with an 85% interest in the Way Linggo Project in South Sumatra, Indonesia. The Way Linggo Project is considered highly prospective for low sulphidation epithermal gold deposits.
Kingsrose holds its interest in the Way Linggo Project through its 85% owned Indonesian subsidiary PT Natarang Mining, owner and operator of the Way Linggo Project.
The Way Linggo Project is held under a 100km2, 4th generation Contract of Work 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.
The Company is currently producing high grade low cost gold from open cut activities at the Way Linggo Mine, while it explores the possibility of establishing open cut activities and re-engineering the underground operations at the Talang Santo Mine.