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Kingsrose Mining Limited KRM Trading on ASX

Projects

Resource Table

Way Linggo Project Mineral Resource

As at 30 June 2019, the Total Mineral Resource for the Way Linggo Project was 1.47 million tonnes @ 7.3 g/t Au and 30 g/t Ag for 343,000 ounces of gold and 1,410,000 ounces of silver.

For both Talang Santo and Way Linggo deposits the underlying Mineral Resource models reported are the same as those reported at 30 June 2018, with the differences being attributable to reduction due to mining activities (extraction and sterilisation) undertaken during the intervening period.

2019 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 199 10.3 66 24 154
Indicated 284 11.0 100 20 183
Inferred 696 5.0 111 20 455
Subtotal 1,179 7.3 277 21 792
Way Linggo
Measured
Indicated 207 7.9 53 78 520
Inferred 85 4.6 13 36 98
Subtotal 292 6.9 66 65 618
GRAND TOTAL 1,471 7.3 343 30 1,410

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

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 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.

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).