Kingston Resources : Investor Presentation – Gold Coast Investment Showcase

Gold Coast

Investment

Showcase

Commencement of open pit mining

June 2024

Step change in cash flow with open pit mining

Expanding the

underground mine life

Growing a gold and

copper mining business

ASX: KSN

Important notices and disclaimer

Forward Looking Statements

Certain statements contained in this presentation, including information as to the future financial or operating performance of KSN and its projects, are forward looking statements. Such forward looking statements: include, among other things, statements regarding incomplete and uncertain proposals or targets, production and prices, operating costs and results, capital expenditures, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions; are necessarily based upon a number of estimates and assumptions that, while considered reasonable by KSN, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; and involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements.

KSN disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words "believe", "expect", "anticipate", "indicate", "contemplate", "target", "scope", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward looking statements. All forward looking statements made in this presentation are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein.

Disclaimer

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of KSN, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies.

The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guaranteeof future performance.

For further information on the Life of Mine at Mineral Hill referred to in this Presentation, refer to the Company's ASX Announcement dated 27 June 2023, $6.5m Capital Raising or Mineral Hill Production Expansion.

Mineral Hill Gold Bar

www.kingstonresources.com.au I ASX: KSN

Gold Coast Investment Showcase | June 2024

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Important notices and disclaimer

Exploration by Other Explorers

This presentation contains information sourced from the reports of Other Explorers. References to the original reports are provided as footnotes where the information is cited in this presentation. KSN does not vouch for the accuracy of these reports. KSN has taken the decision to include this information as it is in the public domain and as we assess it to be of relevance to shareholders and investors.

Underground Production Target

The LOM plan includes Mineral Resource Estimates from the Southern Ore Zone (SOZ) and Jack's Hut to estimate the Production Target. All Ore Reserves and Mineral Resources underpinning this LOM plan have been prepared by Competent Persons in accordance with the 2012 JORC reporting guidelines. Probable Ore Reserve provides 46% of the total LOM processing plant feed tonnage. The Underground production target is based on Mineral Resource estimates and comprises Measured (7%), Indicated (31%), Inferred (56%) and unclassified (6%) material.

There is a low level of confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised.

The stated production target is based on the Company's current expectations of future results or events and should not be solely relied upon by investors when making investment decisions. Further evaluation work and appropriate studies are required to establish sufficient confidence that this target will be met. The Company notes that the Project forecasts a positive financial performance and is therefore satisfied that the use of Inferred resources in production target reporting and forecast financial information is not the determining factor in overall Project viability and that it is reasonable to report the LOM plan with Inferred Resources.

The Company has concluded that it is has a reasonable basis for providing the forward- looking statements included in this announcement. The detailed reasons for that conclusion are outline throughout this presentation.

www.kingstonresources.com.au I ASX: KSN

Gold Coast Investment Showcase | June 2024

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Kingston Resources: Investment highlights

Commencing open pit mining operations1: +$25m operating cash from the

1. 1. Tailings project, first blast at Pearse open pits completed, boosting payable metal in FY25 with high-grade gold/silver production.
      Processing Plant Expansion & Resources Growth: Refurbishment nearing
   2. completion, crushing to start in July 2024. Internal expansion studies underway. Initial underground reserve (Q3'24), drilling for expansion (Q4'24).
      Strategic Advantage & Energy Transition Alignment: KSN owns 1 of 2
   3. polymetallic plants with a CIL in Cobar Basin. Mineral Hill supports green metals demand.
   4. Misima Gold Project Potential2: Large, low-cost20-year gold project with A$1.3Bn2 NPV at a gold price US$2,000/oz.
   5. Funded Growth1: $13.5 recent equity raise to accelerate Hard Rock mining at Mineral Hill and evaluate strategic options for Misima.
2. See ASX Announcement dated 2 April 2024 & 27 June 2023, for further detail and key assumptions
3. See KSN ASX announcements on 6 June 2022 for further detail

www.kingstonresources.com.au I ASX: KSN

Gold Coast Investment Showcase | June 2024

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Corporate snapshot

Shares on issue	707m
Warrants & options2,3	98.7m
Share price @ 17 June 2024	$0.08
Market cap @ 17 June 2024	$56m
Cash @ 8 April 20241	$10.7m
Restricted cash for environmental bond	$7.3m
Debt ($5m mature 7 July 2026, $5m matures 29 June 2027)	$10m

3-Year Share Price Performance

						Market Volume('000) RHS								Close Price (A$) (LHS)
0.3																							7000
0.25																							6000
0.2																							5000
																						4000
0.15
																						3000
0.1
																						2000
0.05
																						1000
0																																											0

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Shareholder Structure

1. Estimated Cash balance, as at 8 April 2024, excludes $7.27m cash backed environmental bond
2. 38m unlisted options @ $0.14, exp 31 July 25,
3. 25m unlisted warrants @ $0.20, exp 07 July 2027, 35.7m unlisted warrants @ $0.14 exp 29 June 2028. Exercise price of the warrants to be repriced post capital raise

Delphi 15%

Quintana 9.4%

Winchester 9.1%

Farjoy 6.7%

Other 59.8%

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Gold Coast Investment Showcase | June 2024

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Strategic regional setting for foundational base metals1

• Strategic advantage of ownership of flexible processing capacity and 8.9Mt of polymetallic resources
• Clear path to underground mining sees increasing levels of copper and zinc production

Lead Zinc

Gold

Silver

FY24FY27

Silver

Gold

1. See ASX Announcement dated 2 April 2024 & 27 June 2023, for further detail and key assumptions

Copper

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Gold Coast Investment Showcase | June 2024

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Highly experienced and well-regarded ExecutiveTeam

Significant experience across the development life cycle through to production

Mick Wilkes

Non-Executive Chairman

Mick is a seasoned mining

professional with 35 years'

experience in the industry, primarily in gold and base metals. He has specialised in sustainable project development, construction, and operations throughout his career.

Andrew Corbett

Managing Director

Andrew is a highly experienced mining engineer with over 25 years in mine management and financial markets. He has an in- depth understanding of mining, equity markets, business development and corporate strategy.

Tony Wehby

Non-Executive Director

Tony is a highly experienced board member and chairman, previously Non-Executive Chairman of Tellus Resources Limited and Aurelia Metals Limited, and a Director of Harmony Gold (Aust) Pty Ltd.

Stuart Rechner

Non-Executive Director

Stuart is an experienced company director and geologist with a background in project generation and acquisition in Australia and overseas. Mr Rechner holds degrees in both geology and law.

www.kingstonresources.com.au I ASX: KSN

Gold Coast Investment Showcase | June 2024

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Mineral Hill

Growth strategy for 2024 and beyond

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Gold Coast Investment Showcase | June 2024

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Extensive existing infrastructure

Targeting a mine plan beyond 10 years

Production set to increasewith		Mineral Hill Processing Capacity
open pit mining in FY25		700 ktpa
	Phase 3		350 ktpa
	Regional acquisition
Phase 1	potential to expand
Complete the Tailings	the processing			Today		The Future
Project	capacity			Float capacity	CIL capacity
				Metal Forecast1
		Payable Metal (CuEq t)	8,000	3.14	3.18	3.03	4.0	CuEq Grade (%)
		6,000				3.0
	Phase 2	4,000				2.0
Lift production in	0.86				1.0
FY25 , commence	2,000
-				0.0
copper production
FY24	FY25	FY26	FY27
and extend the mine
	life		Gold	Silver		Copper
			Lead	Zinc		CuEq Grade (%)

1. See ASX Announcement dated 2 April 2024 & 27 June 2023, for further detail and key assumptions.

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Gold Coast Investment Showcase | June 2024

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Profitable growth: Mineral Hill drives cash & resources

Strong operational performance; well-positioned for continued growth

Delivering the Plan - $25m operating cash flow since acquiring Mineral Hill January 2022 ($23m total consideration1)

Resource Growth - Total Mineral Resources now at 767,000 oz

AuEq2,3

Extending the Life of Mine - Targeting greater than 5 years life of mine through open pit and underground mining

Critical Minerals - NSW Government's critical minerals grant

of $500k facilitating copper production in 2025

1. ASX : Mineral Hill transaction completion 18/1/2022; Acquisition of Mineral Hill Gold and Copper Mine 18/11/2021
2. See KSN ASX announcements on 18 November 2021, 24 November 2022, 15 March 2023, 21 March 2023 and 14 May 2024 for additionalMineral Hill Resource and Reserve information.
3. Gold equivalent calculated based on consensus commodity prices with adjustments based on company expectations. See Appendix for equivalency calculations

www.kingstonresources.com.au I ASX: KSN

Gold Coast Investment Showcase | June 2024

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