Ann: Talang Santo Mineral Resource Estimate Update, page-2

Highlights:

• Updated Mineral Resource estimate of 1.4 million tonnes at 5.4 g/t gold and 18 g/t silver for 240,000 ounces of gold and 790,000 ounces of silver calculated at a 2.0 g/t gold cut-off in combined Indicated and Inferred categories

• A 70 per cent increase in contained gold ounces and 120 per cent increase in contained silver ounces in the Inferred category compared to the previous estimate announced September 2020

• Includes a higher-grade portion of 0.68 million tonnes at 7.7 g/t gold and 26 g/t silver for 170,000 ounces of gold and 570,000 ounces of silver at a 4.0 g/t gold cut-off in combined Indicated and Inferred categories


Kingsrose Mining Limited (ASX: KRM) (“Kingsrose” or the “Company” is pleased to announce an updated Mineral Resource estimate for the Talang Santo gold deposit, situated within the Company’s 85 per cent owned Way Linggo project in Sumatra, Indonesia (Table 1 and Figures 1 and 2). This estimate is reported in accordance with the JORC Code (2012 ed.) with an effective date of 30 June 2021. The updated estimate incorporates the results of ten additional diamond drillholes, for a total of 5,121 metres, targeting the down plunge extension of the Talang Santo deposit (refer ASX releases dated 21 January 2021, 2 March 2021 and 10 May 2021). High-grade gold-silver mineralisation remains open at depth, down plunge.