Kingsrose Mining


Primary ticker: ASX:KRM
Stage of development: Exploration
Primary minerals: PGE, Copper, Nickel
Project to promote: Penikat
Project location: Finland

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Kingsrose Mining (KRM:ASX) is a discovery-focused Company striving to deliver a best-in-class technical and sustainable approach to mineral exploration. Kingsrose is well capitalised with A$27.6 million in cash as at 31 June 2022 and is in the process of selling its Way Linggo gold-silver mine in Indonesia. In 2021 Kingsrose acquired PGE-Ni-Cu exploration assets in Scandinavia that include the Penikat project where the Company has defined a JORC Exploration Target of 2.8 to 7.7 million ounces 6E that ranks Penikat as one of the highest grade PGE exploration projects globally. The Company intends to responsibly explore and develop a pipeline of high quality PGE, nickel and copper projects globally.

Cash: AUD$27.6M
Debt: NIL

Major shareholders:

Citicorp Nominees Pty Limited – 22.03%
City Securities Ltd – 9.01%
Mr Michael John Andrews – 8.88%
BNP Paribas Noms Pty Ltd – 7.42%
HSBC Custody Nominees (Australia) Limited – 2.49%
Management ownership – 10.5%

Management Profile

Fabian Baker – Managing Director
Managing Director, Fabian Baker, is a geologist with a blend of exploration and corporate experience. Since joining Kingsrose in February 2021, Fabian has evolved the Company to a discovery focused strategy, resulting in the acquisition of two drill proven PGE-Ni-Cu projects in Finland and Norway, and building a team with a track-record of excellence in exploration and sustainability. Prior to his position at Kingsrose, he was the founder and CEO of Tethyan Resource Corp which was acquired by ASX and LSE listed company Adriatic Metals Plc, and Chief Geologist at Lydian International where he was integral to the development of the 5 MOz Amulsar gold deposit.

What is your rationale for taking part in 121 Mining Investment?

Our rationale for attending 121 is to continue developing our shareholder base to support our new discovery focused strategy.

What recent news would you like to highlight to investors attending?

12 October 2022 – Large Geophysical Target and Additional Nickel-Copper-PGE Mineralised Intrusions at the Porsanger Project, Norway
4 October 2022 – Agreement for Sale of Way Linggo
7 July 2022 – Exploration Update For The Porsanger PGE-Copper-Nickel Project, Norway
28 June 2022 – Exploration Target Estimated for the Penikat Project, Finland

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Complete the acquisition or joint venture of and exceptional exploration asset.

6 Months:
Commence drilling at Porsanger (Norway) and exploration of a newly acquired asset.

12 Months:
Commence drilling on our flagship Penikat project which represents the highest grade PGE exploration project globally.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Changing the image of the industry to a responsible and sustainable one is a challenge for all mining companies at present. Kingsrose is dedicated to working in partnership with other industry players to drive forward the industry in all ESG matters.

What do you think makes your company such a compelling investment?

Kingsrose is a well-funded, discovery-focused Company with technical excellence and
disciplined project delivery, exemplary ESG standards, and a team with a track-record of excellence in exploration and sustainability.

What are the top 3 key investor takeaways?

Two high-grade Nordic PGE-nickel-copper projects aligning the Company with the EU green deal goals.
An exceptional team with a history of success in project discovery, growth and delivering value to the market.
Well capitalised with $27.6M cash and no debt.