Kingsrose Mining : Corporate Presentation and Investor Webinar

For personal use only

ASX Announcement

15 July 2022

KINGSROSE ANNOUNCES CORPORATE PRESENTATION UPDATE, JULY 2022

Kingsrose Mining Limited (ASX: KRM) ("Kingsrose" or the "Company") wishes to announce the release of its updated corporate presentation.

Investor Webinar

Kingsrose will host a live investor webinar on Wednesday, 20 July 2022 at 16:00 AWST / 18:00 AEST.

Managing Director, Fabian Baker, will present an update on the Penikat project following the announcement of an Exploration Target1 the Porsanger project following the commencement of geophysics2 and the status of the Way Linggo project following the entry into a process deed for the sale of the project3.

This will be followed by a Q&A session during which Fabian will answer a selection of audience questions.

https://crowdcast.io/c/kingsrosemining

Participants who would like to submit questions in the webcast can ask via the 'Q&A' tab located on the right-hand side of the screen. It is recommended that you log on at least 5 minutes prior to the commencement of the webinar. The session will be recorded and uploaded to www.kingsrosemining.comfollowing the webinar.

-ENDS-

1. ASX Announcement 28 June 2022
2. ASX Announcement 7 July 2022
3. ASX Announcement 1 July 2022

For personal use only

This announcement has been authorised for release to the ASX by Fabian Baker, Managing Director of Kingsrose.

For further information regarding the Company and its projects please visit www.kingsrosemining.com

For more information please contact:

Dani McIntosh

Investor Relations [phone] [e-mail]

About Kingsrose Mining Limited

Kingsrose Mining Limited is a leading ESG-conscious and technically proficient mineral exploration company listed on the ASX. In 2021 the Company commenced a discovery-focused strategy, targeting the acquisition and exploration of Tier-1 mineral deposits, that resulted in the acquisition of the Penikat and Porsanger PGE-Nickel-Copper projects in Finland and Norway respectively. The Company previously operated the Way Linggo mine in Indonesia, having produced over 200koz gold and 1.5MOz silver, and is currently assessing opportunities for the divestment of this project.

Forward-looking statements

This announcement includes forward-looking statements, including forward looking statements relating to the future operation of the Company. These forward-looking statements are based on the Company's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements. The Company makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement to reflect the circumstances or events after the date of this announcement.

You are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current economic climate and the significant volatility, uncertainty and disruption caused by COVID- 19.

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.reserved rights All .Mining Kingsrose 2021 © Copyright

Corporate

Presentation

July 2022

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Disclaimer

The information contained in this Presentation has been prepared by Kingsrose Mining Limited ("Kingsrose" or the "Company"). The information contained in this Presentation has been prepared in summary form. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give any representation or warranties (express or implied) as to the accuracy, reliability or completeness of the information in this Presentation, or, of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "information") and liability therefore is expressly disclaimed. Accordingly, to the full extent permitted by law, either the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the information or for any of the opinions contained in this Presentation or for any errors, omissions or misstatements or for any loss, however so arising from the use of this presentation.

This Presentation and its contents are not an invitation, offer, solicitation or recommendation with respect to the purchase or sale of any securities in the Company in any jurisdiction and must not be distributed, transmitted, or viewed by any person in any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction. This presentation is not a prospectus or any other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission) or any other law. Neither the Company nor any of its related bodies corporate is licensed to provide financial product advice in respect of the Company's securities or any other financial products. You should not act and refrain from acting in reliance on this presentation. Nothing contained in this presentation constitutes investment, legal, tax or other advice. This Presentation does not take into account the individual investment objectives, financial situation and particular needs of Company shareholders. Before making a decision to invest in the Company at any time, you should conduct, with the assistance of your broker or other financial or professional adviser, your own investigation in light of your particular investment needs, objectives and financial circumstances and perform your own analysis of the Company before making any investment decision.

Neither the issue of this Presentation, nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any person. In no circumstances will the Company be responsible for any costs, losses or expenses incurred with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent. Any opinions expressed in the presentation are subject to change without notice.

This Presentation may include certain statements that may be deemed 'forward-looking statements'. All statements in this presentation, other than statements of historical facts that address future activities and events or developments may differ materially from those in the forward-looking statements. The Company, its shareholders, directors, officers, agents, employees or advisers do not represent, warrant or guarantee, expressly or impliedly, that the information in this Presentation is complete or accurate. To the maximum extent permitted by law, the Company disclaims any responsibility to inform any percipient of this Presentation of any matter than subsequently comes to its notice which may affect any of the information contained in this Presentation. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financial, and general economic, market or business conditions.

The information in this presentation that relates to Exploration Results is based on information compiled by Mr Andrew Tunningley, who is a Member and Chartered Professional (Geology) of the Australasian Institute of Mining and Metallurgy and is Head of Exploration of Kingsrose Mining Limited. Mr Tunningley 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 Tunningley 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 Talang Santo Mineral Resource estimate 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 "Total Earth Science Pty Ltd as 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 Penikat Exploration Target estimate has been prepared by Mr. J.C. Witley (BSc Hons, MSc (Eng.)) who is a geologist with 33 years' experience in base and precious metals exploration and mining as well as Mineral Resource evaluation and reporting. He is a Principal Resource Consultant for The MSA Group (an independent consulting company), is registered with the South African Council for Natural Scientific Professions ("SACNASP") and is a Fellow of the Geological Society of South Africa ("GSSA"). Mr. Witley has the appropriate relevant qualifications and experience to be considered a "Competent Person" for the style and type of mineralisation and activity being undertaken as defined by the 2012 Edition of the JORC Code. Mr Witley 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 slides 22-24 is extracted from the ASX Release entitled 'Kingsrose Mining Reports Update Of Talang Santo Mineral Resource Estimate' created on 10 August 2021 which is available to review on www.kingsrosemining.com. The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX release referred to above and it further confirms that all material assumptions and technical parameters underpinning the Mineral Resource contained in the ASX Release referred to above continues to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.

The information in slide 19 is extracted from the ASX Release entitled 'Kingsrose to Acquire Element-46 and a 100% Interest in Two PGE Nickel-Copper Exploration Projects in Scandinavia' created on 10 November 2021 which is available to review on www.kingsrosemining.com. The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX release referred to above and it further confirms that all material assumptions and technical parameters underpinning the exploration results contained in the ASX Release referred to above continues to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.

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Focused

on discovery

with commitment to:

• Technical excellence and disciplined project delivery
• Exemplary environmental, social and governance standards
• Shareholder and stakeholder engagement

Exploration focused team with a track-record

of discovery

Board members played key roles in discovery and development of numerous significant deposits globally

Lead by Fabian Baker, former CEO of Tethyan Resources (acquired by Adriatic Metals)

Well funded with A$26.6m cash and no debt*

Well placed to add value avoiding excessive dilution

Planned divestment of Way Linggo gold project intends to further add to treasury

* Reported as at 31 March 2022

Nordic high-gradePGE-nickel- copper projects

Penikat, Finland: One of the highest grade PGE exploration projects globally with a multimillion ounce Exploration Target

Porsanger, Norway: two outcropping PGE-Ni-Cumineralised intrusions returned broad mineralised intervals in historical drilling, including 43.15 metres at 1.20 g/t 2E (Pd+Pt) from 67.0 meters

Dedicated M&A team

Team with demonstrated ability to identify quality projects

Continuing to seek new exploration assets either via transactions or in- house target generation and staking