What we do
Kingsrose Mining Limited is an ASX Listed (ASX: KRM) gold production and exploration company with an 85% interest in the Way Linggo Project in South Sumatra, Indonesia.
A discovery focused exploration company with commitment to technical excellence, disciplined project delivery, exemplary environmental social and governance standards and shareholder and stakeholder engagement.
The Way Linggo Project is considered prospective for low sulphidation epithermal gold deposits.
Kingsrose holds its interest in the Way Linggo Project through its 85% owned Indonesian subsidiary PT Natarang Mining (PTNM), owner and operator of the Way Linggo Project. The Way Linggo Project is held under a 100km2, 4th generation Contract of Work (CoW) with the Indonesian Government and is located on the mineral rich Trans-Sumatran Fault, part of the Pacific Rim of Fire. The Project has established infrastructure with a 140Ktpa Merrill Crowe gold circuit and has a track record of high grade, low cost gold production.
Production of high grade low cost gold from open cut activities at the Way Linggo Project ended in 2020, while Kingsrose explores the possibility of establishing open cut activities and re–engineering the underground operations at the Talang Santo Mine.
In addition, significant exploration upside exists on the wider Project area with numerous exciting priority targets identified which will be the subject of further work over the next 12 months. The Group conducts its operations in a manner which minimises its environmental footprint, and as such, there has been very little environmental impact on the Project area to date. In addition, the Group approaches its operations in a socially responsible manner and has built a long term, genuinely collaborative relationship with the local communities surrounding the Way Linggo Project. The PTNM Community Development team actively engages the local communities and provides significant support to local cultural, environmental, health and education initiatives and programs, many of which are designed to increase community self–reliance.
Focused on discovery
Board members played key roles in discovery and development of at least 4 development or production stage gold deposits and combined M&I resources totalling in excess of 10 million ounces.
Well placed to add value avoiding excessive dilution.
Dedicated M&A team
Targeting acquisition of high quality exploration assets globally.