http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Sat, 26 May 2018 20:14:16 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Kin Mining continues to work on optimising Leonora Gold Project ]]> http://www.proactiveinvestors.com.au/companies/news/196598/kin-mining-continues-to-work-on-optimising-leonora-gold-project-196598.html Kin Mining NL (ASX:KIN) has identified several opportunities at the Leonora Gold Project in Western Australia which require additional test work, engineering design and costings to optimise the project.

Construction activities at the project has been suspended to undertake further work required to capture these opportunities.

Kin recently received a preliminary report covering engineering and metallurgical aspects of the Cardinia plant site from Como Engineers.

The report confirmed that there are no fatal flaws with regard to the Cardinia facility.

Revised capital cost estimate

However, Como has identified a number of elements of the processing plant that require additional test work and design to optimise the project returns.

The Como report confirmed the company’s expectation that there will be a material increase in the capital costs to deliver the Leonora Gold Project.

Como will continue to work with Kin to further refine and confirm the capital cost estimate in line with the additional test work that is required.

READ: Kin Mining’s drilling continues to extend mineralisation at Leonora Gold Project

The Leonora Gold Project has a resource base of more than 1 million ounces of gold in the highly endowed and operationally active Leonora gold region.

Kin intends to continue with its active exploration and drilling programs while it progresses the additional activities required to enhance and optimise the value of the project.

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Wed, 09 May 2018 11:11:00 +1000 http://www.proactiveinvestors.com.au/companies/news/196598/kin-mining-continues-to-work-on-optimising-leonora-gold-project-196598.html
<![CDATA[News - Kin Mining enters trading halt ahead of update on Leonora Gold Project development ]]> http://www.proactiveinvestors.com.au/companies/news/196462/kin-mining-enters-trading-halt-ahead-of-update-on-leonora-gold-project-development-196462.html Kin Mining NL (ASX:KIN) has entered an ASX trading halt this morning pending the release of a market update in relation to the construction and development of the Leonora Gold Project.

The halt will remain in place until the earlier of the market update or the commencement of trading on Wednesday, 9 May 2018.

Meanwhile, Kin is continuing to drill out extensions to gold mineralisation at its Leonora Gold Project in Western Australia.

READ: Kin Mining extends gold mineralisation with drilling at Helens deposit

Highlights from step-out drilling at the Helens deposit feature 14 metres at 3.08 g/t gold from 88 metres.

The Helens deposit is a priority target for resource expansion due to its close proximity to the processing plant.

The Leonora Gold Project has a resource base of more than 1 million ounces of gold and Kin is continuing its targeted exploration on the project and surrounding areas.

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Mon, 07 May 2018 12:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/196462/kin-mining-enters-trading-halt-ahead-of-update-on-leonora-gold-project-development-196462.html
<![CDATA[News - Kin Mining extends gold mineralisation with drilling at Helens deposit ]]> http://www.proactiveinvestors.com.au/companies/news/196196/kin-mining-extends-gold-mineralisation-with-drilling-at-helens-deposit-196196.html Kin Mining (ASX:KIN) has drilled out extensions to gold mineralisation at the Helens deposit within the Leonora Gold Project in Western Australia.

Highlights from the step-out drilling feature 14 metres at 3.08 g/t gold from 88 metres.

The Helens deposit is a priority target for resource expansion due to its close proximity to the processing plant location.

READ: Kin Mining set to commence gold mining alongside a rising gold price

Kin’s CEO Andrew Munckton said: “This recent drilling confirms those earlier results and illustrates the continuity of high grade mineralisation down plunge towards the south.

“In addition, the discovery of new mineralised positions in close proximity to the established mineralisation at Helens indicates that significant opportunity lies ahead.

“The company will continue to target this lightly drilled area of the project.”

15 RC holes and 4 diamond holes

15 reverse circulation (RC) holes for 1,846 metres and four diamond holes for 408 metres were drilled on the Helens area.

240 metres of diamond extends to RC holes were also drilled.

Highlights included:

• 14 metres at 3.08 g/t gold from 88 metres;
• 8 metres at 8.60 g/t gold from 88 metres;
• 6 metres at 11.9 g/t gold from 36 metres;
• 13 metres at 1.48 g/t gold from 106 metres; and
• 15 metres at 3.14 g/t gold from 64 metres.

Drilling also discovered new mineralisation

While drilling intersected high-grade gold extensions, it also intersected previously undiscovered mineralised position.

Assays remain pending for diamond holes.

The exploration rigs have moved to the Mertondale 3-4 deposit and drilling is also planned at the extensive Bruno-Lewis Complex, targeting deeper mineralisation below the current pit design.

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Wed, 02 May 2018 10:03:00 +1000 http://www.proactiveinvestors.com.au/companies/news/196196/kin-mining-extends-gold-mineralisation-with-drilling-at-helens-deposit-196196.html
<![CDATA[News - Kin Mining appoints experienced Andrew Munckton as chief executive officer ]]> http://www.proactiveinvestors.com.au/companies/news/195908/kin-mining-appoints-experienced-andrew-munckton-as-chief-executive-officer-195908.html Kin Mining NL (ASX:KIN) has appointed the highly-experienced Andrew Munckton as chief executive officer.

As a geologist and holder of numerous executive roles with a wide range of mining companies, Munckton will be valuable in shaping the group’s strategy.

Management said that he would be instrumental in driving the company’s exploration program and realising its development ambitions for the Leonora Gold Project.

Extensive experience

Chairman Jeremy Kirkwood said: “Andrew’s extensive experience in leading executive teams, operating successful gold mines, project management, gold exploration and corporate strategy give the board complete confidence that he is the right person to be the CEO of Kin Mining.”

Most recently, Munckton was managing director of a junior gold and base metals exploration and development company, Syndicated Metals Limited (ASX:SMD).

His recent focus at Syndicated has been on leading the acquisition and exploration of the Monument Gold Project in Western Australia.

This project is adjacent to Dacian Gold’s (ASX:DCN) Mount Morgans gold mine.

Strategic involvement in large developments

Munckton has held executive roles at Avalon Minerals, Gindalbie Metals (ASX:GBG) and Placer Dome Asia Pacific.

He was also general manager of the high profile Kanowna Belle and Kundana gold mines, now owned by Northern Star Resources (ASX:NST).

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Fri, 27 Apr 2018 09:34:00 +1000 http://www.proactiveinvestors.com.au/companies/news/195908/kin-mining-appoints-experienced-andrew-munckton-as-chief-executive-officer-195908.html
<![CDATA[News - Kin Mining’s drilling continues to extend mineralisation at Leonora Gold Project ]]> http://www.proactiveinvestors.com.au/companies/news/195206/kin-minings-drilling-continues-to-extend-mineralisation-at-leonora-gold-project-195206.html Kin Mining NL’s (ASX:KIN) drilling has successfully extended the mineralised envelopes at the Kyte deposit within the Leonora Gold Project in Western Australia.

The drilling has confirmed the shallow nature of the mineralisation with significant high-grade zones, including:

• 25 metres at 2.2 g/t gold from 3 metres, including 1 metre at 9.3 g/t gold;
• 5 metres at 10.3 g/t gold from 21 metres, including 1 metre at 20.9 g/t gold; and
• 5 metres at 4.7 g/t gold from 8 metres, including 1 metre at 19.6 g/t gold.

Exploration upside at Leonara

The Leonora Gold Project (LPG) already has a resource base of more than 1 million ounces of gold.

Kin’s acting managing director Trevor Dixon said: “Kin’s 2018 resource drilling program continues uninterrupted.

“The results returned from the first target at Kyte highlight the exploration upside that exists at the LGP and we look forward to reporting further drill results from other resource areas as soon as they become available.”

Potential to grow the resource to the east, south and at depth

Kin is continuing to review its deposits at the LGP with the drilling designed to enhance the resource base and improve on the reserve conversion.

The company’s 2018 drilling program commenced at Kyte in areas with the potential to grow the resources to the east, south and at depth.

Kyte is a priority area in the future mining schedule for the LGP due to its favourable economics.

Detailed modelling for future mine planning

A total of 44 reverse circulation drill holes for 2,796 metres were completed during February and March 2018.

Deeper drilling has identified primary gold mineralisation, while drilling to the south has identified narrow gold mineralisation which will also be incorporated into a model update.

These results will be used for an updated resource estimate and an ore reserve for Kyte and will be incorporated into detailed modelling for future mine planning.

Resource drilling continuing across key deposits

Drilling is currently underway at Helens, Helens South and Mertondale 3-4, with programs also planned at Bruno and Lewis.

The drill holes at Helens are designed to follow up the excellent results returned in late 2017.

Exploration drilling at Mertondale 3-4 is designed to test for possible underground mining targets of the known gold mineralisation.

Mertondale 3-4 is 15 kilometres from the planned Cardinia processing plant.

READ: Kin Mining engages consultants for review of Leonora project as construction is curtailed ]]>
Wed, 18 Apr 2018 11:34:00 +1000 http://www.proactiveinvestors.com.au/companies/news/195206/kin-minings-drilling-continues-to-extend-mineralisation-at-leonora-gold-project-195206.html
<![CDATA[News - Kin Mining engages consultants for review of Leonora project as construction is curtailed ]]> http://www.proactiveinvestors.com.au/companies/news/194691/kin-mining-engages-consultants-for-review-of-leonora-project-as-construction-is-curtailed-194691.html Kin Mining NL (ASX:KIN) has engaged Como Engineers to undertake an independent and thorough review of the Leonora Gold Project (LGP) in Western Australia.

The company has tasked the independent consultants to generate new cost and time to complete estimates, along with a rigorous implementation plan for the project.

Increase in pre-production capital cost estimate

This follows a decision by the company’s board to curtail construction pending a full review of the capital cost and schedule for completion.

An increase in the existing pre-production capital cost estimate has necessitated the decision.

Company statement

In a statement, Kin said: “The existing estimate of $35.4 million was detailed in the definitive feasibility study (DFS) on the LGP completed in October 2017.

“Following recent changes to the composition of Kin's board, a review process of key aspects of the LGP was commenced pursuant to which it has become apparent that the DFS estimate of pre-production capital costs will need to be adjusted.

“If the company had continued with development of the LGP the potential scope of increase in capital costs would have given rise to the requirement for a significant equity capital raising to fund the increase, along with expected exploration and corporate costs, during the construction period for the LGP.

“The Board wishes to undertake a comprehensive review of the LGP to ensure that, before full project development is resumed, it has a high degree of confidence in key project parameters, cost and time estimates, and a clear and certain funding path in place to complete the LGP.

“The Board considers that this course of action is necessary to ensure that a significant equity capital raising is not conducted at a time when the Board cannot be confident of the projected capital cost and schedule to complete the LGP.”

READ: Kin Mining attracts funding from Sprott on pathway to gold production

The project has a resource base of more than 1 million ounces of gold and the company remains confident that the project holds significant value.

Kin will continue its targeted exploration on the project and surrounding areas.

Existing debt provider for the project, Sprott Resource Lending LLC, has been advised of the board’s decision to curtail work.

The company is in discussions with Sprott to determine the most effective way forward.

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Wed, 11 Apr 2018 12:23:00 +1000 http://www.proactiveinvestors.com.au/companies/news/194691/kin-mining-engages-consultants-for-review-of-leonora-project-as-construction-is-curtailed-194691.html
<![CDATA[News - Kin Mining granted halt ahead of Leonora Gold Project cost estimate and scheduling ]]> http://www.proactiveinvestors.com.au/companies/news/194468/kin-mining-granted-halt-ahead-of-leonora-gold-project-cost-estimate-and-scheduling-194468.html Kin Mining NL (ASX:KIN) has been granted a trading halt by the ASX pending an announcement relating to the cost estimate and schedule of the Leonora Gold Project.

The halt will remain in place until the opening of trade on Wednesday, April 11, 2018, or earlier if an announcement is made to the market.

Kin has previously announced that it expected to begin production at the Leonora project in Western Australia by the end of the year.

READ: Kin Mining commences construction of 55,000 ounces per annum gold mine at Leonora

Having completed a definitive feasibility study, the project is forecast to produce at an average rate of 55,000 ounces of gold per annum.

Leonora has a JORC-compliant resource of 1.02 million ounces and an ore reserve of 373,000 ounces.

Resources are spread across three deposits, Mertondale, Cardinia and Raeside, all of which show good potential for resource growth.

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Mon, 09 Apr 2018 11:08:00 +1000 http://www.proactiveinvestors.com.au/companies/news/194468/kin-mining-granted-halt-ahead-of-leonora-gold-project-cost-estimate-and-scheduling-194468.html
<![CDATA[News - Kin Mining set to commence gold mining alongside a rising gold price ]]> http://www.proactiveinvestors.com.au/companies/news/193925/kin-mining-set-to-commence-gold-mining-alongside-a-rising-gold-price-193925.html Kin Mining NL (ASX:KIN) continues to advance construction of its Leonora Gold Project (LGP) in Western Australia which is on track to achieve production in the December quarter of 2018.

The project is forecast to produce at an average rate of 55,000 ounces of gold per annum from its JORC resource of 1.02 million ounces and JORC ore reserve of 373,000 ounces.

The resources are spread across three deposits, Mertondale, Cardinia and Raeside - all which show good potential for resource growth.

With the AUD gold price near its all-time highs at A$1,750 per ounce, Kin has timed its move into production very well.

Awarded the 2017 “Best Emerging Company” at Diggers & Dealers

LGP sets a solid foundation for Kin who was awarded Best Emerging Company at the renowned Diggers & Dealers resources conference in 2017.

The definitive feasibility study (DFS) confirms LGP will be a high margin gold mine:

• Pre-production capital cost of $35.4 million including 18% contingencies;
• Pre-production capital payback period of 11 months;
• Estimated annual production of 55,000 ounces per annum over 7-year mine-life;
• Life of mine (LOM) all-in-sustaining cost (AISC) of A$1,038 per ounce; and
• Pre-tax net present value (NPV) of A$107.4 million.

Leveraged to a rising gold price

The project’s DFS valuation used a gold price of A$1,600 per ounce meaning when the gold price is above this level, the project’s value increases.

Significantly, using a gold price of A$1,750 per ounce, the NPV increases 35% to $145.8 million.

The LGP’s value is further highlighted by its AISC cost of A$1,038 per ounce of gold produced, which clearly highlights the high-margin project.

Exploration continues in tandem with construction

Kin continues to pursue its aggressive drilling campaign as Kin ramps up to production.

Drilling has commenced at the group’s Kyte orebody to extend on its indicated resource of 21,000 ounces of gold.

Expanding the JORC resource can increase project economics

Defining and increasing the mineralisation at Kyte aims to enhance the project economics and, in turn, provide the opportunity for early payback of the debt facility.

Increasing the resource at Kyte will also provide greater flexibility within the mine plan.

Drilling is also planned at other prospects where high-grade gold was encountered in 2017.

Kin’s interim managing director Trevor Dixon said: “Significant exploration is underway on Kin’s highly prospective tenure, giving an exciting opportunity to grow our project.

“The LGP is a project that, given its favourable economics, is set to be a low-cost gold producer with considerable upside for shareholders.”

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Wed, 28 Mar 2018 15:22:00 +1100 http://www.proactiveinvestors.com.au/companies/news/193925/kin-mining-set-to-commence-gold-mining-alongside-a-rising-gold-price-193925.html
<![CDATA[News - Kin Mining commences construction of 55,000 ounces per annum gold mine at Leonora ]]> http://www.proactiveinvestors.com.au/companies/news/193331/kin-mining-commences-construction-of-55000-ounces-per-annum-gold-mine-at-leonora-193331.html Kin Mining NL (ASX:KIN) has commenced construction at its Leonora gold project in Western Australia.

This is in preparation for the company’s move to first production December 2018.

Having completed its definitive feasibility study, the company’s forecasting an average production rate of 55,000 ounces per annum.

Exploration continues in tandem with construction

Kin is looking to build on its resource of about 1 million ounces which includes a reserve of 373,000 ounces.

Drilling has commenced at the group’s Kyte orebody to extend on its indicated resource of 21,000 ounces of gold.

Improving Kyte should increase project economics

Defining and increasing the mineralisation at Kyte aims to enhance the project economics and, in turn, provide the opportunity for early payback of the debt facility.

Increasing the resource at Kyte will also provide greater flexibility within the mine plan.

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Mon, 19 Mar 2018 07:55:00 +1100 http://www.proactiveinvestors.com.au/companies/news/193331/kin-mining-commences-construction-of-55000-ounces-per-annum-gold-mine-at-leonora-193331.html
<![CDATA[News - Kin Mining attracts funding from Sprott on pathway to gold production ]]> http://www.proactiveinvestors.com.au/companies/news/188323/kin-mining-attracts-funding-from-sprott-on-pathway-to-gold-production-188323.html Kin Mining NL (ASX:KIN) has received a vote of confidence from a leading resources investment enterprise following its $35 million financing which will effectively de-risk the Leonora Gold Project located in Western Australia.

A $35 million credit facility is being provided by Sprott Private Resource Lending, a division of Sprott Inc, an alternative asset manager and a global leader in precious metal and real asset investments.

The funding is as much an endorsement in Kin Mining’s management team led by Don Harper as it is in the project given that the asset was purchased in 2014 at the bottom of the gold cycle for $2.7 million.

Leonora forecast to be in production by second half 2018

Without a question mark now hanging over project funding there is a clear path to production and cash flow in 2018.

This development had an immediate positive share price impact with the company trading as high as $0.36 when the news broke around midday, up from the previous day’s close of $0.315.

There could be more catalysts to come though as the group plans to undertake a 100,000-metre exploration program in 2018.

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Thu, 07 Dec 2017 09:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188323/kin-mining-attracts-funding-from-sprott-on-pathway-to-gold-production-188323.html
<![CDATA[News - Kin Mining readies key news flow on feasibility ]]> http://www.proactiveinvestors.com.au/companies/news/184698/kin-mining-readies-key-news-flow-on-feasibility-184698.html Kin Mining NL (ASX:KIN) continues to build momentum in Western Australia, and the company is now preparing to release the Leonora Gold Project Feasibility Study and Maiden Ore Reserve.

Kin has bene granted a trading halt by the ASX to prepare.

The halt will remain in place until the opening of trade on Monday 2nd October 2017, or earlier if an announcement is made to the market.

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Thu, 28 Sep 2017 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184698/kin-mining-readies-key-news-flow-on-feasibility-184698.html
<![CDATA[News - Kin Mining's Trevor Dixon mapped out gold production timeline at Proactive's CEO Sessions ]]> http://www.proactiveinvestors.com.au/companies/news/183851/kin-mining-s-trevor-dixon-mapped-out-gold-production-timeline-at-proactive-s-ceo-sessions-183851.html Kin Mining's (ASX:KIN) chairman, Trevor Dixon, joined Proactive's CEO Sessions in Melbourne on Tuesday 12th September and Sydney on Wednesday 13th September.

Kin is preparing to reveal its Definitive Feasibility Study for the Leonora Gold Project in Western Australia.

The project already hosts over one million ounces, with growth potential.

ACCESS THE FULL PRESENTATION HERE ]]>
Fri, 15 Sep 2017 13:24:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183851/kin-mining-s-trevor-dixon-mapped-out-gold-production-timeline-at-proactive-s-ceo-sessions-183851.html
<![CDATA[News - Kin Mining's Trevor Dixon brings imminent gold resource upgrade to Proactive's CEO Sessions ]]> http://www.proactiveinvestors.com.au/companies/news/182625/kin-mining-s-trevor-dixon-brings-imminent-gold-resource-upgrade-to-proactive-s-ceo-sessions-182625.html Kin Mining Ltd (ASX:KIN) is developing and exploring the wholly-owned Leonora Gold Project in Western Australia.

A JORC Resource update is imminent, which will add to the current 721,000 ounces.

Also pending is a Definitive Feasibility Study and maiden Ore Reserve, based on a target production of 50,000 gold ounces a year.

Find out more from Trevor Dixon at Proactive's CEO Sessions.

Click below to register

- Melbourne: Tuesday 12th September.
- Sydney: Wednesday 13th September.
- Email Pauline here.
- Call office on (02) 9280 0700.

Presenter list

- Carnarvon Petroleum (ASX:CVN): Adrian Cook
- King River Copper (ASX:KRC): Anthony Barton
- Kin Mining (ASX:KIN): Trevor Dixon
- Great Boulder Resources (ASX:GBR): Stefan Murphy
- Stargroup (ASX:STL): Todd Zani

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Fri, 18 Aug 2017 11:19:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182625/kin-mining-s-trevor-dixon-brings-imminent-gold-resource-upgrade-to-proactive-s-ceo-sessions-182625.html
<![CDATA[News - Kin Mining NL to update on drilling from Leonora ]]> http://www.proactiveinvestors.com.au/companies/news/174251/kin-mining-nl-to-update-on-drilling-from-leonora-174251.html Kin Mining NL (ASX:KIN) has been granted a trading halt by the ASX, pending an update to the current drilling program underway at the Leonora Gold Project.

The halt will remain in place until the opening of trade on Wednesday 8th March 2017, or earlier if an announcement is made to the market.

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Mon, 06 Mar 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174251/kin-mining-nl-to-update-on-drilling-from-leonora-174251.html
<![CDATA[News - Kin Mining launches share purchase plan ]]> http://www.proactiveinvestors.com.au/companies/news/173085/kin-mining-launches-share-purchase-plan-173085.html Kin Mining (ASX:KIN) has launched a share purchase plan where eligible shareholders have the opportunity to acquire a parcel of either: $1,000; $3,000; $5,000; $10,000 and $15,000 worth of shares.

The offer will include a 1:2 attaching option exercisable at $0.40 with a 2-year expiry date.

The offer opens on the 20th February, and is expected to close on the 20th March. New shares to be issued on the 31st March.

Funds will be used to fast-track the Leonora Gold Project Definitive Feasibility Study, secure opportunistic infrastructure acquisitions as they arise and provide additional working capital.

The Feasibility Study is on track for completion in the middle of this year with first gold production scheduled for mid-2018.


New chairman

In other Kin news, long-standing managing director, Trevor Dixon, has been appointed non-executive chairman, replacing Terry Grammer, who has resigned from the board.

Don Harper has been appointed managing director.

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Tue, 14 Feb 2017 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173085/kin-mining-launches-share-purchase-plan-173085.html
<![CDATA[News - Kin Mining NL appoints Trevor Dixon as chairman ]]> http://www.proactiveinvestors.com.au/companies/news/173019/kin-mining-nl-appoints-trevor-dixon-as-chairman-173019.html Kin Mining NL (ASX:KIN) has details a restructure of its board as its preparations for the development and production at its Leonora Gold project in Western Australia.

Long-standing managing director, Trevor Dixon, has been appointed non-executive chairman, replacing Terry Grammer, who has resigned from the board.

Don Harper, who has been appointed managing director, commented:

"Since joining the Company six months ago, Don has made a significant contribution to delivering a successful Pre-Feasibility Study on time and professionally bringing together a team of consultants and employees to drive the process efficiently and effectively."

In other changes, experienced metallurgist David Sproule has been appointed a non-executive director, and Fritz Fitton has resigned as non-executive director.

The Feasibility Study is on track for completion in the middle of this year with first gold production scheduled for mid-2018.

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Mon, 13 Feb 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173019/kin-mining-nl-appoints-trevor-dixon-as-chairman-173019.html
<![CDATA[News - Kin Mining NL delivers more high-grade gold from Leonora ]]> http://www.proactiveinvestors.com.au/companies/news/172896/kin-mining-nl-delivers-more-high-grade-gold-from-leonora-172896.html Kin Mining NL (ASX:KIN) has revealed high-grade near surface drilling results from the Kyte deposit at its Leonora Gold Project in Western Australia.

High-grade highlights include: 6 metres at 8.8g/t gold from surface, including 1 metre at 19.3g/t gold.

These were supported by broader intersections such as: 21 metres at 2.3g/t gold from 11 metres; and 15 metres at 2.6g/t gold from 4 metres.

The Kyte deposit is part of the greater resource at Cardinia which currently stands at 4.86 million tonnes at 1.3g/t gold for 192,000 ounces.

Don Harper, chief executive, said the latest results provided another boost to the upcoming Resource estimate and Feasibility Study.

"These shallow, high grade results within the free-digging Kyte open pit have exceeded our expectations.

"In light of these results, Kyte may be scheduled to be mined earlier in the mine plan than previously anticipated, leading to earlier and increased revenue generation."

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Thu, 09 Feb 2017 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172896/kin-mining-nl-delivers-more-high-grade-gold-from-leonora-172896.html
<![CDATA[News - Kin Mining NL continues gold streak at Leonora Gold Project ]]> http://www.proactiveinvestors.com.au/companies/news/172741/kin-mining-nl-continues-gold-streak-at-leonora-gold-project-172741.html Kin Mining NL (ASX:KIN) has once again intersected broad zones of gold at its Leonora Gold Project in Western Australia.

Highlights include: 23 metres at 1.9 g/t gold; and 19 metres at 2.3 g/t gold.

The latest results come from the final seven holes of the drilling campaign at the Mertondale area.

Four holes were completed at Mertondale 3 for a total of 671 metres and three at Mertons Reward for a total of 363 metres.

Don Harper, chief executive officer, said the latest results confirm the continuity of mineralisation.

"The recent successful drilling at Mertons Reward and Mertondale 3 highlights the outstanding potential of the Mertondale system.

"Recent drilling has confirmed the system is open along strike and at depth. We remain confident that there is a lot more gold to be found."


Next drilling

The reverse circulation rig has moved to the Cardinia area where shallow oxide resource drilling continues at the Kyte, Rangoon and Helens deposits.

Drilling is targeting an increase in the confidence level of the resource.


Analysis

The latest gold intersections are expected to underpin an upgrade in the Leonora Gold Project’s resources.

The project currently hosts 721,000 gold ounces.

The new resource will be calculated as part of the Definitive Feasibility Study, which is on track for completion in the middle of this year.

First gold production is scheduled for mid-2018.

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Tue, 07 Feb 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172741/kin-mining-nl-continues-gold-streak-at-leonora-gold-project-172741.html
<![CDATA[News - Kin Mining NL hits impressive gold intercept ]]> http://www.proactiveinvestors.com.au/companies/news/171701/kin-mining-nl-hits-impressive-gold-intercept-171701.html Kin Mining NL (ASX:KIN) has intercepted 37 metres at 3.0 g/t gold at the Mertondale 3-4 deposit within the 100% owned Leonora gold project located in Western Australia.

Assays have been received for a number of holes in the ongoing drilling program at Leonora designed to expand and upgrade the gold resources.

Any expansion or upgrade will be used in the current definitive feasibility study, which is on track for completion by mid-2017.

Drilling continues to reinforce potential for increase and upgrade in resources.

Don Harper, CEO, commented: “The presence of such wide zones of high-grade mineralisation, close to surface, shows that we have just really scratched the surface in terms of identifying potential extensions to the existing resource inventory at Leonora.”


Drill results details

Further wide high-grade results returned from in-fill and extensional drilling at the Mertondale 3-4 deposit within the Leonora gold project include:

- 37 metres at 3.0 g/t gold from 142 metres including 6 metres at 10.7 g/t gold;
- 40 metres at 1.5 g/t gold from 106 metres including 16 metres at 2.3 g/t gold;
- 18 metres at 3.0 g/t gold from 99 metres including 3 metres at 10.9 g/t gold;
- 29 metres at 1.5 g/t gold from 70 metres including 16 metres at 2.1 g/t gold;
- 15 metres at 1.9 g/t gold from 135 metres including 6 metres at 3.1 g/t gold; and
- 18 metres at 1.3 g/t gold from 26 metres.

The reverse circulation drilling results are from both from inside and outside the current pit design at Mertondale 3-4, reinforcing the potential both to increase and upgrade the existing resources.

The program at Mertondale is now almost completed with results from four holes pending.

The drill rig has now moved on to Cardinia (the Kyte Prospect), where shallow oxide drilling for an advance of 2,180 metres is planned over the deposit to upgrade the resource.


Analysis

The latest drilling results continue to demonstrate substantial upside at the Leonora gold project.

The current drilling programs represent an integral part of the definitive feasibility study, which will allow Kin to deliver on its strategy of becoming a significant new Australian gold producer in 2018.

Having its own processing facility will put the company in the enviable position of being able to maximise value through further resource expansion and exploration success.

The cash-flow generated will allow Kin to undertake an aggressive near-mine exploration strategy to delineate further mill feed.

Kin continues to deliver on its milestones as it pushes towards a definitive feasibility study in mid-2017 and production in mid-2018.

The timeline to gold production is as follows:

- Scoping study (complete Q2 CY16);
- Lewis trial gold mine (complete Q3 CY16);
- Pre-feasibility study (completed Q4 CY16);
- Lawlers plant study (in progress, Q1 CY16);
- Resource drilling (in progress, Q1 CY16);
- Definitive feasibility study (in progress, Q2 CY16);
- Project funding (Q2 CY16);
- New plant construction (Q2 CY18); and
- Gold production (Q3 CY18).

Kin shares have more than doubled over the past 12 months, currently trading at $0.18.

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Tue, 17 Jan 2017 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171701/kin-mining-nl-hits-impressive-gold-intercept-171701.html
<![CDATA[News - Kin Mining NL on track for definitive feasibility study completion ]]> http://www.proactiveinvestors.com.au/companies/news/171578/kin-mining-nl-on-track-for-definitive-feasibility-study-completion-171578.html Kin Mining NL (ASX:KIN) is on schedule to complete its definitive feasibility study at the Leonora gold project located in Western Australia by mid-2017.

The company remains focused on determining the most profitable and rapid path to gold production, targeted in Q3 of CY2018.

The Leonora gold project, which his 30 kilometres from the mining town of Leonora currently has a JORC resource of 721,000 ounces of gold.

Don Harper, CEO, commented: “The DFS is progressing well with resource conversion drilling and project permitting underway.”

“The opportunity to secure a second-hand processing plant may deliver significant benefits by potentially reducing upfront capital costs and providing the opportunity to start gold production sooner than anticipated.”


Recent highlights

Recent highlights and updates from Leonora include:

- The completion of infill and extensional drilling programs at the Mertons Reward and Mertondale 3-4 deposits;
- Drilling now underway targeting the shallow oxide resources contained in the mine plan at Cardinia;
- Como Engineers have been appointed to complete a study on the suitability of the Lawlers Processing Plant, including capital and operating cost estimates;
- IMO Consulting have been appointed to complete metallurgical testwork;
- Environmental surveys and studies well advanced; and
- Project permitting and approvals process underway.


Background

Kin is an emerging gold development company with a significant tenement portfolio in the Eastern Goldfields of Western Australia.

Kin recently updated its pre-feasibility study showing Leonora to be a high margin operation.

A low forecast required capital of $35 million underpins robust project economics, which sees an initial 6 year life-of-mine generating $105 million in operating cash flow.

A feasibility study is to be completed by mid-2017 with first gold production targeted for mid-2018.


Analysis

Kin continues to deliver on its milestones as it pushes towards a definitive feasibility study in mid-2017 and production in mid-2018.

The timeline to gold production is as follows:

- Scoping study (complete Q2 CY16);
- Lewis trial gold mine (complete Q3 CY16);
- Pre-feasibility study (completed Q4 CY16);
- Lawlers plant study (in progress, Q1 CY16);
- Resource drilling (in progress, Q1 CY16);
- Definitive feasibility study (in progress, Q2 CY16);
- Project funding (Q2 CY16);
- New plant construction (Q2 CY18); and
- Gold production (Q3 CY18).

Kin shares have more than doubled over the past 12 months, currently trading at $0.185.

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Fri, 13 Jan 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171578/kin-mining-nl-on-track-for-definitive-feasibility-study-completion-171578.html
<![CDATA[News - Kin Mining NL drill results signal gold resource upgrade ]]> http://www.proactiveinvestors.com.au/companies/news/171441/kin-mining-nl-drill-results-signal-gold-resource-upgrade-171441.html Kin Mining NL (ASX:KIN) has received  further strong reverse circulation drilling results which point to both an increase and an upgrade in resources at its Leonora Gold Project in Western Australia.

Results include 9 metres at 5.6 g/t gold from 67 metres and 16 metres at 2.3 g/t gold from 60 metres.

The results of this program, which comprised infill and extensional drilling at the Mertondale 3-4 deposit, will be incorporated into the project definitive feasibility study which is underway.

The drilling was designed to target mineralisation within the current pit design, as well as high-grade extensions below and adjacent to the current pit design.

The key objective was to convert Inferred resources contained in the open pit mining plan to the higher confidence Indicated resource category as part of the feasibility study.

Don Harper, CEO, commented: “The infill drilling confirms the presence of high-grade gold within wide zones of shallow significant gold mineralisation, both within and outside the current pit design.”


Drill result details

The drill program drilled to date comprised a total of 4,528 metres and highlights from the most recent 25 holes are below.

Robust wide zones of shallow mineralisation within the pit design include:

- 21 metres at 1.2 g/t gold from 29 metres including 5 metres at 3.0 g/t gold;
- 16 metres at 2.5 g/t gold from 30 metres including 9 metres at 3.0 g/t gold; and
- 9 metres at 2.1 g/t gold from 39 metres including 2 metres at 4.7 g/t gold.


Significant wide zones of high grade intersections outside the current pit design included:

- 9 metres at 5.6 g/t gold from 67 metres;
- 16 metres at 2.3 g/t gold from 60 metres including 5 metres at 4.8 g/t gold;
- 21 metres at 2.5 g/t gold from 95 metres including 10 metres at 3.0 g/t gold; and
- 16 metres at 1.9 g/t gold from 83 metres including 7 metres at 3.1 g/t gold.

Assay results for the remaining holes are expected to be announced as they come to hand.

As part of the project’s mine plan, infill drilling is expected to start shortly at the oxide deposits at Cardinia (Kyte, Helens, Rangoon, Bruno-Lewis and Lewis South).


Background

Kin is an emerging gold development company with a significant tenement portfolio in the Eastern Goldfields of Western Australia.

The Leonora gold project, which his 30 kilometres from the mining town of Leonora currently has a JORC resource of 721,000 ounces of gold.

Kin recently updated its pre-feasibility study showing Leonora to be a high margin operation.

A low forecast required capital of $35 million underpins robust project economics, which sees an initial 6 year life-of-mine generating $105 million in operating cash flow.

A feasibility study is to be completed by mid-2017 with first gold production targeted for mid-2018.


Analysis

These infill drill results are significant as they will play a key role in upgrading the resource to the Indicated category as part of the feasibility study.

The extensional drilling has highlighted the strong potential to significantly grow the inventory and mine life at Leonora, further boosting the economic merit of the project.

Multiple holes successfully intersected the gold-hosting porphyry outside the current mine plan.

The latest results have extended the strike length of the porphyry, which is now able to be traced
300 metres along strike and is open at depth.

The gold-hosting porphyry warrants further analysis for potential development by underground mining methods.
Kin shares have more than doubled over the past 12 months, currently trading at $0.20.

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Wed, 11 Jan 2017 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171441/kin-mining-nl-drill-results-signal-gold-resource-upgrade-171441.html
<![CDATA[News - Kin Mining NL’s new study shows high value in Leonora Gold Project ]]> http://www.proactiveinvestors.com.au/companies/news/170500/kin-mining-nls-new-study-shows-high-value-in-leonora-gold-project-170500.html Kin Mining NL (ASX:KIN) has updated its pre-feasibility study showing the wholly owned Leonora Gold Project located in  Western Australia to be a high margin operation.

A low forecast required capital of $35 million underpins robust project economics, which sees an initial 6 year life-of-mine generating $105 million in operating cash flow.

A feasibility study is to be completed by mid-2017 with 17,000 metre drill program currently underway.

First gold production is targeted for mid-2018.

Don Harper, CEO, commented: “The study shows that the Leonora Project will enjoy low up-front costs which will in turn underpin a low-risk, high-margin operation with a short payback period of 18 months.”


Background

Kin is an emerging gold development company with a significant tenement portfolio in the Eastern Goldfields of Western Australia.

The Leonora gold project, which his 30 kilometres from the mining town of Leonora currently has a JORC resource of 721,000 ounces of gold.

The recently completed pre-feasibility study (PFS) envisages open pit mines at the Mertondale, Cardinia and Raeside deposits that will deliver material to a new, centrally located carbon-in-leach (CIL) gold treatment facility at Cardinia.

The 750,000 tonnes per annum conventional CIL processing plant is expected to expand to circa 1.2 million tonnes per annum in the third year of operation.

All open pits will be mined via conventional benching with a hydraulic excavator and dump trucks.


Updated PFS highlights

Highlights from the updated PFS include:

- Estimated pre-production capital cost of $35 million;
- Capital payback period of circa 18 months;
- $71 million net present value before corporate and tax;
- Initial mine life of 6.5 years with considerable exploration upside;
- Forecast life-of-mine (LOM) revenue of $494 million and operating cash-flow of $105 million;
- Forecast production of 43,000 ounces in year 1, ramping up to 52,000 ounces in year 3;
- An estimated 6.8 million tonnes at 1.5 g/t gold to be processed, delivering 309,000 ounces of recovered gold;
- Estimated operating cash cost (C1) of A$1,024 per ounce for LOM; and
- Estimated all in sustaining cost (AISC) of A$1,084 per ounce for LOM.


Analysis

The updated PFS clearly highlights the technical and economic strengths of the Leonora Gold Project making it the foundation on which to build a significant new Australian gold producer.

Leonora offers a low-risk, low capital pathway to gold production in the heart of one of Western Australia’s richest gold-mining districts.

The project will be economically viable based on its ability to rapidly pay back project pre-production capital and provide ongoing positive operational cash flows.

The proposed operation will enable Kin to generate early profits and accelerate production while at the same time seeking to grow mine life through an aggressive exploration program.

The focus will now move to the feasibility study due in mid-2017 from which a funding strategy will be based.

The 17,000 metre drilling program underway to convert Inferred resource into the Indicated category will ensure exploration based news flow over the short term.

Shares in Kin are trading up 120% year to date, currently priced at $0.225.

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Thu, 15 Dec 2016 13:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170500/kin-mining-nls-new-study-shows-high-value-in-leonora-gold-project-170500.html
<![CDATA[News - Kin Mining NL to update on Pre-Feasibility Study ]]> http://www.proactiveinvestors.com.au/companies/news/170494/kin-mining-nl-to-update-on-pre-feasibility-study-170494.html The halt will remain in place until the opening of trade on Friday 16th December 2016, or earlier if an announcement is made to the market.

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Thu, 15 Dec 2016 07:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170494/kin-mining-nl-to-update-on-pre-feasibility-study-170494.html
<![CDATA[News - Kin Mining NL drill results shows more gold resources to come ]]> http://www.proactiveinvestors.com.au/companies/news/169856/kin-mining-nl-drill-results-shows-more-gold-resources-to-come-169856.html Kin Mining NL (ASX:KIN) has produced high grade drill results of up to 22.5 g/t gold from the Merton’s Reward deposit within the Leonora Gold Project in Western Australia.

Importantly, some of the drill results come from outside the planned open pit design.

The latest results will be included in the revised JORC estimate which will be calculated as part of the definitive feasibility study on Leonora, due in first half of 2017.

Leonora’s updated pre-feasibility study is on track for release this month.

Trevor Dixon, managing director, commented: “The results provided further strong evidence of the potential to grow the inventory and mine life at the Leonora Gold Project.

“We believe there is a lot more gold to be found at Mertondale and these results support our view.”


Drill result details

Latest results from drilling at Merton’s Reward within the Leonora Gold Project include:

- 1 metre at 22.5 g/t gold within 3 metres at 8.0 g/t gold;
- 4 metres at 3.2 g/t gold within 19 metres at 1.1 g/t gold;
- 1 metre at10.9 g/t gold within 3 metres at 4.0 g/t gold;
- 4 metres at 4.3 g/t gold within 10 metres at 2.1 g/t gold; and
- 1 metre at 11.1 g/t gold within 5 metres at 3.6 g/t gold.

Broad zones of gold mineralisation close to surface include:

- 29 metres at 1.4 g/t gold from 6 metres in including 13 metres at 2.1 g/t gold; and
- 24 metres at 1.4 g/t gold from 21 metres in including 5 metres at 2.6 g/t gold.

Drilling is now underway at the Mertondale 3/4 deposit with Leonora.


Background

Kin is an emerging gold development company with a significant tenement portfolio in the Eastern Goldfields of Western Australia.

The immediate focus of the company is completing an updated pre-feasibility study at its flagship Leonora gold project, which it is now being finalised.

The project currently has a JORC resource of 722,000 ounces of gold.

Kin recently poured its first gold in Kalgoorlie as part of the company’s trial mining program at the Lewis deposit within the Leonora Gold Project.

The Lewis trial mine and carbon-in- leach (CIL) test work produced 908 ounces of gold bullion, which exceeded expectations of ounces mined by 26%.


Analysis

The latest results from the Merton’s Reward come from a 940 metre drilling program which was designed to intersect shallow gold mineralisation amenable to open pit development.

Multiple wide zones of gold mineralisation were intersected close to surface, complementing the significant drill results returned from the June-July Merton’s Reward drill program.

The latest drilling not only intersected zones of mineralisation within the confines of the proposed pit, but also confirmed that the mineralised envelope extends beyond the current pit design.

Short term news is expected regarding the release of an updated pre-feasibility study focused on an operation producing at a rate of 45,000 to 50,000 ounces per annum gold.

Furthermore, with drilling still in progress and a second phase of 7,000 metres of reverse circulation drilling planned, Kin will remain leveraged to exploration upside over the coming months.

Shares are trading up over 125% year to day, currently priced at $0.225.

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Fri, 02 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169856/kin-mining-nl-drill-results-shows-more-gold-resources-to-come-169856.html
<![CDATA[News - Kin Mining NL director exercises in-the-money options ]]> http://www.proactiveinvestors.com.au/companies/news/169501/kin-mining-nl-director-exercises-in-the-money-options-169501.html In total Fitton exercised 325,000 options and therefore investing $65,000 in Kin, bringing his stake to circa 2.5 million shares, and further aligning himself with the company.

Kin is an emerging gold development company with a significant tenement portfolio in the Eastern Goldfields of Western Australia.

The immediate focus of the company is completing an updated pre-feasibility study at its flagship Leonora gold project, which it is now finalising.

Kin recently poured its first gold in Kalgoorlie as part of the company’s trial mining program at the Lewis deposit within Leonora.

The Lewis trial mine and carbon-in-leach test work produced 908 ounces of gold bullion, which exceeded expectations of ounces mined by 26%.

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Fri, 25 Nov 2016 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169501/kin-mining-nl-director-exercises-in-the-money-options-169501.html
<![CDATA[News - Kin Mining NL eyes acquisition of processing plant for gold mine ]]> http://www.proactiveinvestors.com.au/companies/news/169437/kin-mining-nl-eyes-acquisition-of-processing-plant-for-gold-mine-169437.html Kin Mining NL (ASX:KIN) has signed an exclusivity agreement in respect to acquiring the Lawlers processing plant from Gold Fields Limited.

The plant would be ideal for use at the flagship Leonora Gold Project in Western Australia where the company is planning on annual production of 45,000-50,000 ounces of gold.

The exclusivity agreement allows Kin time to conduct due diligence and a technical review of the plant.

Discussions concerning a sale price will take place upon successful completion of the due diligence.

Kin recently started an extensive infill drilling program aimed at further upgrading the 722,000 ounce gold resource at Leonora.


Exclusivity agreement

The key terms of the exclusivity agreement are:

- Kin has agreed to pay Gold Fields $100,000 as a non-refundable fee for the exclusivity rights;
- The exclusivity fee will form part of the purchase price; and
- Kin will have 120 days to conduct exclusive due diligence and negotiate a sale and purchase agreement.


Background

Kin is an emerging gold development company with a significant tenement portfolio in the Eastern Goldfields of Western Australia.

The immediate focus of the company is completing an updated pre-feasibility study at its flagship Leonora gold project, which it is now finalising.

The company recently poured its first gold in Kalgoorlie as part of the company’s trial mining program at the Lewis deposit within the Leonora Gold Project.

The Lewis trial mine and carbon-in- leach (CIL) test work produced 908 ounces of gold bullion, which exceeded expectations of ounces mined by 26%.


Current drilling

The recently commenced 10,000 metre infill drilling program will focus on the Mertondale, Raeside and Cardinia deposits at Leonora, which is designed to upgrade the Inferred portion of the resources contained in the proposed Leonora Gold Project Mine Plan to the Indicated category.

An expanded Indicated Resource will underpin the definitive feasibility study on the Leonora Project.


Analysis

Acquisition of the Lawlers processing plant has the opportunity to provide Kin with a cost effective processing solution at Leonora.

The plant has a capacity of circa 800,000 tonnes a year making it potentially ideal for use at the proposed gold mine.

With drilling in progress and a second phase of 7,000 metres of reverse circulation drilling planned, Kin will remain leveraged to exploration upside over the coming months.

Shares are trading up over 165% year to day, currently priced at $0.265.

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Thu, 24 Nov 2016 10:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169437/kin-mining-nl-eyes-acquisition-of-processing-plant-for-gold-mine-169437.html
<![CDATA[News - Kin Mining NL eyes resource upgrade with drilling in progress ]]> http://www.proactiveinvestors.com.au/companies/news/168589/kin-mining-nl-eyes-resource-upgrade-with-drilling-in-progress-168589.html Kin Mining NL (ASX:KIN) has started an extensive infill drilling program aimed at further upgrading the 722,000 ounce gold resource at its Leonora Gold Project in Western Australia.

The 10,000 metre program will focus on the Mertondale, Raeside and Cardinia deposits at Leonora.

The program is designed to upgrade the Inferred portion of the resources contained in the proposed Leonora Gold Project Mine Plan to the Indicated category.

The expanded Indicated Resource will underpin the definitive feasibility study on the Leonora Project.

The start of the infill drilling program comes as Kin prepares to complete the pre-feasibility study on Leonora.


Background

Kin is an emerging gold development company with a significant tenement portfolio in the Eastern Goldfields of Western Australia.

The immediate focus of the company is completing an updated pre-feasibility
study at its flagship Leonora Gold Project by the end of the year.

The company recently poured its first gold in Kalgoorlie as part of the company’s trial mining program at the Lewis deposit within the Leonora Gold Project.

The Lewis trial mine and carbon-in- leach (CIL) test work produced 908 ounces of gold bullion, which exceeded expectations of ounces mined by 26%.


Analysis

With drilling in progress and a second phase of 7,000 metres of reverse circulation drilling planned, Kin will remain leveraged to exploration upside over the coming months.

Shares are trading up over 160% year to day, currently priced at $0.265.

Kin is well funded after recently completing a $4.98 million raising.

This funding will enable the company to accelerate their development strategy in turn creating a steady flow of news.

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Mon, 07 Nov 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168589/kin-mining-nl-eyes-resource-upgrade-with-drilling-in-progress-168589.html
<![CDATA[News - Kin Mining NL mines first ore from Leonora Gold Project in WA ]]> http://www.proactiveinvestors.com.au/companies/news/157409/kin-mining-nl-mines-first-ore-from-leonora-gold-project-in-wa-69545.html Kin Mining NL (ASX:KIN) has taken an important step towards becoming a gold producer by mining the first ore from the Lewis Open Pit at the Leonora Gold Project in Western Australia.

The Lewis trial mining operation is viewed as a low-cost open cut mining exercise that will test the high grade portion of the larger Cardinia supergene resource.

The trial mining operation will determine the economic viability of extraction and processing of the Bruno-Lewis Cardinia resource, which currently stands at 139,400 ounces of gold at 1.3 g/t.

Kin Mining will aim to obtain accurate specific gravity data from the operation that will be incorporated into the resource model and determine the metallurgical recovery rate of the Cardinia ore.

The company has also started negotiations for toll treatment of the Lewis ore at the Lakewood Gold Processing Facility owned by Golden Mile Milling Pty Ltd.

The acquisition of the Leonora Gold Project, with a total resource of 722,300 ounces of gold, has provided Kin Mining with a head start against peers.

The most prospective area within Leonora is the Mertondale deposit, containing 395,000 ounces of gold.

The recent progress for Kin comes at an opportune moment as the gold price in Australian dollars continues to be ebullient.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 01 Jul 2016 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157409/kin-mining-nl-mines-first-ore-from-leonora-gold-project-in-wa-69545.html
<![CDATA[News - Kin Mining NL gets ready to raise ]]> http://www.proactiveinvestors.com.au/companies/news/157407/kin-mining-nl-gets-ready-to-raise-68839.html Kin Mining NL (ASX:KIN) has been granted a trading halt by the ASX, pending details of a capital raising.

Kin is focussed on gold exploration and development in Western Australia.

The halt will remain in place until the opening of trade on Monday 30th May 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 26 May 2016 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157407/kin-mining-nl-gets-ready-to-raise-68839.html
<![CDATA[News - Kin Mining NL targets high-grade gold deposits in the Eastern Goldfields ]]> http://www.proactiveinvestors.com.au/companies/news/157405/kin-mining-nl-targets-high-grade-gold-deposits-in-the-eastern-goldfields-68240.html Kin Mining NL (ASX:KIN) will start drilling for gold in early May at the Merton’s Reward in the Leonora project, Western Australia, where reverse circulation drilling in November 2015 intersected 5 metres at 7.99 g/t gold from 59 metres depth.

The Merton’s Reward lodes were mined extensively in the early 1900s with total production of 90,000 tonnes at 21 g/t gold for 60,524 ounces, making it one of the highest grade deposits in the Eastern Goldfields.

The T2 target at the Merton’s Reward is the extension of the interpreted shallow north plunging ore shoot that was the one of the main ore feeds during early production.

The recent drilling at the T2 target defined a down plunge extension to the Merton’s Reward ore shoot and intersected a broad zone of mineralisation of 29 metres at 1.34 g/t gold from 155 metres depth.

The newly defined broad zone of mineralisation occurs below the current Merton’s Reward Resource (1.08 million tonnes at 2.6 g/t gold for 91,000 ounces) and is open along strike and down plunge.

This result is considered highly encouraging because it demonstrates that the Merton’s Reward ore body is persistent at depths below the historic underground workings.

The upcoming 3500 metres drill program is designed to intersect the down plunge extension of the Merton’s Reward ore zone as well as the poorly tested lower lode extension of the T1 target.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 22 Apr 2016 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157405/kin-mining-nl-targets-high-grade-gold-deposits-in-the-eastern-goldfields-68240.html
<![CDATA[News - Kin Mining finds more high-grade gold as Leonora expansion awaits ]]> http://www.proactiveinvestors.com.au/companies/news/157403/kin-mining-finds-more-high-grade-gold-as-leonora-expansion-awaits-66258.html Kin Mining (ASX:KIN) has quickly followed up high-grade gold drilling at the Mertondale prospect on its Leonora project in Western Australia with two additional targets delivering significant intersections and expanding development options at the site.

The latest results from the prospect's maiden drilling campaign have included a wide intersection of 29 metres at 1.34g/t gold from 155 metres, including 10 metres at 1.73g/t gold and 7 metres at 1.83g/t gold.

This area is considered an extension of the interpreted shallow north-plunging ore shoot that was the main ore feed during production of the historic Merton’s Reward mine in the early 1900s, where output totalled 90,000 tonnes at 21 g/t gold for 60,524 ounces of gold, making it one of the highest grade deposits in WA’s Eastern Goldfields.

Kin’s newly defined broad zone of mineralisation in this area occurs below the current Merton’s Reward resource of 1.08 million tonnes at 2.6 g/t gold for 91,000 ounces and is open along strike and down plunge.

The broad nature of the mineralisation also suggests that the Merton’s Reward ore shoot may widen at depth.

Parallel drilling at another Mertondale target returned 5 metres at 5.47g/t gold, including a high-grade 2-metre intercept at 11.95g/t gold from 208 metres and 6 metres at 1.91g/t gold from 195 metres.

This target lies adjacent to the southern end of the Mertondale 3 pit underneath the existing 2012 resource of 1.53 million tonnes at 2.2g/t gold for 110,000 ounces. The mineralisation appears to kink around at this point and is strongest in an area interpreted to host a northeast trending fault.

Kin will incorporate the recent drill data into a refined geological model at the project with the intention of pursuing future drill programs aimed at a resource increase.


Leonora momentum

The latest drilling success follows immediately on the delivery of grades up to 24.7 g/t gold in the area adjacent to an historic Mertondale intersection of 9 metres at 3.65 g/t gold from 61 metres.

Merton's Reward assays reported earlier this week marked 5 metres at 7.99 g/t gold from 59 metres, including a higher grade interval of 1 metre at 24.7 g/t gold.

This exploration success has built on a recent show of investor support for the project in the form of a A$1.2 million capital raising from the shortfall of a share purchase plan launched earlier this year.

Funds will be used in part to advance Leonora.

Kin has realised positive trial mining progress and a mining approval at Leonora with optimisation and mine scheduling having been revised.

The new mine design generates a more economically robust mining schedule incorporating more than 30% less waste.

The operation is seen as a low cost entry to gold production via vat leaching.


Analysis

To record consistent, high-grade gold readings in all the targeted areas of the important Mertondale prospect is an encouraging sign for Leonora, which seems primed for a resource revision which could add significantly to the value of Kin.

The new results at Merton’s Reward, in particular, are highly encouraging because they demonstrates that the ore body is persistent at depths below the historic underground workings where drilling is very limited.

Meanwhile, drilling at the southern end of Leonora’s Mertondale 3 pit is also beginning to demonstrate a contiguous zone of high-grade mineralisation that may lend itself to an underground development.

The latest intersections again sit outside the current resource and will be followed up with future exploration.

Further drilling is planned early next year to define the extent of the open mineralisation, setting up strong newsflow for Kin which could translate into price catalysts.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 18 Dec 2015 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157403/kin-mining-finds-more-high-grade-gold-as-leonora-expansion-awaits-66258.html
<![CDATA[News - Kin Mining hits grades up to 24.7 g/t gold at Leonora ]]> http://www.proactiveinvestors.com.au/companies/news/157401/kin-mining-hits-grades-up-to-247-gt-gold-at-leonora-66176.html Kin Mining (ASX:KIN) has recorded grades up to 24.7 g/t gold in new drilling at its Leonora project in Western Australia where deeper exploration has indicated that a broad zone of gold mineralisation persists at depths below historic underground workings.

A new hole adjacent to an historic intersection of 9 metres at 3.65 g/t gold from 61 metres returned another 5 metres at 7.99 g/t gold from 59 metres, including a higher grade interval of 1 metre at 24.7 g/t gold.

This area, known as the Merton's Reward target, is part of the project's Mertondale prospect, where an historic underground mine averaged grades of more than 20 g/t gold.

The latest drilling result at Merton's Reward confirms the target's ore shoot extends further east than previously modelled.

This ore extension requires further drilling along strike to establish the length and geometry of the ore shoot, which is anticipated to be incorporated into a revised resource model.

Four new deep reverse circulation holes have now been completed in the area and have indicated that the historically mined shear zone is persistent further north than previously modelled.

Assays are pending and are expected in the coming week.


Recent progress

Exploration traction at Leonora has built on a recent show of investor support for the project in the form of a A$1.2 million capital raising from the shortfall of a share purchase plan launched earlier this year.

Funds will be used for drilling at the company's Gwalia South prospect and to advance Leonora.

Gwalia South hosts four high-priority gold targets immediately south of the Sons of Gwalia 7-million-ounce gold mine.

Gwalia South comprises tenements that are blanketed by areas of widespread soil cover including Lake Raeside. The holdings have been insufficiently tested by previous mine explorers.

Also, Kin has realised positive trial mining progress and a mining approval at Leonora with optimisation and mine scheduling having been revised.

The new mine design generates a more economically robust mining schedule incorporating more than 30% less waste.

The operation is seen as a low cost entry to gold production via vat leaching.


Analysis

Kin’s intersection of 5 metres of almost 8 g/t gold at a vertical depth of 50 metres is extremely encouraging, especially considering the historic reputation of Merton’s Reward for hosting high-grade gold operations.

Merton’s Reward was mined extensively in the early 1900s with total production of 90,000 tonnes at 21 g/t gold for 60,524 ounces, making it one of the highest-grade deposits in WA’s Eastern Goldfields.

The fact that mineralisation has been demonstrated to persist at depths below the historic underground working and further north than previously expected is an interesting development that bodes well for more advanced exploration in the area.

Also, the mineralisation is correlating with predicted target zones and confirms Kin’s new geological model will be useful for targeting future drill campaigns.

Potential price catalysts for Kin stock are represented by upcoming assay results for two other target areas at Merton’s Reward, a revised resource model and the prospect that more informed drilling next year will further prove up Leonora’s inherent value.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 15 Dec 2015 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157401/kin-mining-hits-grades-up-to-247-gt-gold-at-leonora-66176.html
<![CDATA[News - Kin Mining secures additional funds to advance Leonora Gold Project ]]> http://www.proactiveinvestors.com.au/companies/news/157399/kin-mining-secures-additional-funds-to-advance-leonora-gold-project-65861.html Kin Mining (ASX:KIN) has raised $1,170,000 from the shortfall of the share purchase plan which was priced at $0.10, and included 1 option for every 2 shares exercisable at $0.20 by 31 August 2017.

Kin shares have recently been trading at a premium to the issue price, reaching as high as $0.16 earlier in the month.

The company is working to place a remaining 6.4 million shares, which could potentially provide an additional cash boost.

Funds will be used for drilling at its Gwalia South Prospect and to advance the Leonora Gold Project.

Leonora hosts the Cardinia, Mertondale and Raeside Gold deposits, which are located in the Mt Margaret Mineral Field in the centre of the Eastern Goldfields in Western Australia.


Gwalia South near 7Moz mine

Kin will drill four high-priority gold targets immediately south of the Sons of Gwalia 7-million-ounce mine. 

The 5,000-metre program at the company’s Gwalia South project will explore structural faults intersecting Gwalia mine sequence lithologies only 2.5 to 5.5 kilometres south of the giant operation.

Gwalia South comprises tenements that are blanketed by areas of widespread soil cover including Lake Raeside. The holdings have been insufficiently tested by previous mine explorers.

Beyond Sons of Gwalia, gold mines along this prospective corridor include Tower Hill (1Moz), Harbour Lights (1Moz), Kailis (164koz), Jasper Flats (165koz) and King of the Hills (3.68Moz).

Exploration success by Kin at Gwalia South could open up all sorts of options, from ore / milling / tolling agreements, attracting farm-in partners or even the potential to consider development by the company.

Kin said that a recent field visit at Gwalia South confirmed outcrop of a 400 metre strike length of the prospective Gwalia mine sequence.

Rock chip analysis indicated the Gwalia slate within the sequence is anomalous in gold.


Assays pending from Mertondale

At Mertondale, the recently completed drill program consisted of four deep reverse circulation holes at three target areas T1, T2 and T3 for a total of 840 metres.

Samples have been delivered to the Perth SGS laboratory, and assay results are anticipated to be received within the following weeks.

The T2 Target at Merton’s Reward was mined extensively in the early 1900’s with total production of 90,000 tonnes 21g/t gold for 60,524 gold ounces.

This makes it one of the highest grade deposits in the Eastern Goldfields, and a highly prospective area for Kin.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 27 Nov 2015 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157399/kin-mining-secures-additional-funds-to-advance-leonora-gold-project-65861.html
<![CDATA[News - Kin Mining to update on funding and exploration ]]> http://www.proactiveinvestors.com.au/companies/news/157398/kin-mining-to-update-on-funding-and-exploration-65830.html Western Australian focussed gold explorer Kin Mining (ASX:KIN) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open.

Kin requested the halt pending an update on funding and exploration activity.

The halt will remain in place until the opening of trade on Monday 30th November 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 27 Nov 2015 07:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157398/kin-mining-to-update-on-funding-and-exploration-65830.html
<![CDATA[News - Kin Mining nears gold production with multi-front progress ]]> http://www.proactiveinvestors.com.au/companies/news/157396/kin-mining-nears-gold-production-with-multi-front-progress-65352.html Kin Mining (ASX:KIN) has marked significant progress in its ultimate business goal of becoming a gold producer with trial mining and gold development activities across its Western Australian portfolio.

The strongest progress in recent weeks has included positive trial mining progress at the Leonora project plus gold exploration milestones at the Desdemona project’s Gwalia South prospect and the Mt Flora project.

This traction has been reflected by a 39% increase in the value of Kin stock since the beginning of the month to A$0.125 per share.

It has also been supported by a $844,200 fundraising in a tough capital market as well as the award of a mining approval at Leonora from the Mines Department that puts the company on track to start open-cut mining after all extraction and processing alternatives have been considered .

Kin has also received a commitment from mining contractor Advanced Mining & Civil to invest $500,000 via a staged share placement as part of a mining services memorandum of understanding.
 

Trial mining progress

Progress on Leonora’s Lewis Trial Mine at the Bruno-Lewis deposit continues on schedule, with optimisation and mine scheduling having been revised.

The new mine design generates a more economically robust mining schedule incorporating >30% less waste.

The operation is seen as a low cost entry to gold production via vat leaching.

Site works have commenced, with the refurbishment of the haul road within the Cardinia area. Procurement of key infrastructure is under way and a mining engineer and mine geologist have been appointed to manage the Lewis trial mining operation.
 

Gwalia South Targets

Kin has also made significant exploration progress at the Gwalia South area of its Desdemona tenure.

Analysis of north-west structural faults intersecting the Gwalia mine sequence has identified untested Sons of Gwalia and Tower Hill style drill targets at Gwalia South, 2.5 kilometres south of the Sons of Gwalia Mine (7Moz).

The prospective lithologies south of the Sons of Gwalia mine are traceable into the northern end of Kin’s Gwalia South tenements. Gwalia South displays the same continuous greenstone sequence cut by a number of structural faults similar to that at the Sons of Gwalia and the Tower Hill gold mines. There has not been a significant gold discovery along this southern section of the prospective Gwalia Shear Zone.

This is believed to be due to lack of outcrop and ineffective previous exploration techniques.


Mt Flora

At the company’s Mt Flora property, five gold anomalous zones (+5ppb gold) have been identified following a regional geochemical auger soil sampling program.

The largest gold-in-soil anomaly covers a lateral extent of 3.5 kilometres peaking at 2,635ppb gold (2.635g/t gold).

This large soil anomaly also encompasses a drill target where limited historical drilling (20 hole programme to 30 metres depth) intersected a broad zone of shallow gold mineralisation returning 22 metres at 0.53 g/t gold from 8-30 metres.

 

Analysis

Trial mining at Leonora is an important stepping stone for Kin as an emerging gold producer because it will answer fundamental questions about the properties and characteristics of the supergene ore that we will be able to incorporate into the project’s larger Cardinia resource.

Upcoming operations at Lewis are expected to refine vat leach recovery rates of the supergene ore, all-in sustaining costs of a vat leach operation and detailed specific gravity determinations that can be applied to Cardinia.

This work could represent another price catalyst for the company as it continues to realise its production plans at Leonora and build confidence through exploration on the Gwalia South and Mt Flora assets.

Total Leonora resources have been estimated at 11.8 million tonnes at 1.9g/t gold for 722,300 ounces of gold.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 30 Oct 2015 09:27:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157396/kin-mining-nears-gold-production-with-multi-front-progress-65352.html
<![CDATA[News - Kin Mining set to tap the underexplored fringes of a gold giant ]]> http://www.proactiveinvestors.com.au/companies/news/157394/kin-mining-set-to-tap-the-underexplored-fringes-of-a-gold-giant-65269.html Kin Mining (ASX:KIN) is set to drill four high-priority gold targets next month immediately south of the Sons of Gwalia 7-million-ounce mine in Western Australia. 

The 5,000-metre program at the company’s Gwalia South project will explore structural faults intersection Gwalia mine sequence lithologies only 2.5 to 5.5 kilometres south of the giant operation.

A program of work has been submitted to the WA Department of Mines. The application includes reverse circulation and diamond drill proposals. The tenements are within 10 kilometres of Leonora, they contain numerous cleared grid lines and internal access is excellent.

The primary targets are the intersection of the Gwalia mine sequence and interpreted faults and the ductile deformation zones along these faults, positioned west of the Mt George Shear.

The secondary target type is Tower Hill-style mineralisation positioned along the Raeside Granitoid/ ultramafic contact that marks the edge of the greenstone belt. The sequence denotes the preferred host rocks for localised gold mineralisation and the oldest sheared greenstones in the district.

Gwalia South comprises tenements that are blanketed by areas of widespread soil cover including Lake Raeside. The holdings have been insufficiently tested by previous mine explorers.

Previous drilling in the Gwalia South area was predominantly sparse vertical aircore drilled to blade refusal (10-80 metres depth), generally on 400-metre line spacings.

Drilling to date confirms that the Gwalia mine sequence continues south through Kin’s tenure.

Beyond Sons of Gwalia, gold mines along this prospective corridor include Tower Hill (1Moz), Harbour Lights (1Moz), Kailis (164koz), Jasper Flats (165koz) and King of the Hills (3.68Moz).

Several historical workings are present along the Gwalia Slate which highlights that gold mineralisation continues south through Kin’s tenure. There has been no significant gold mine discovered along this section of the prospective corridor and Kin believe this is due to lack of outcrop and ineffective previous exploration techniques.


Trial mining

The Gwalia South targeting progress follows quickly on the streamlining of a trial mining plan at the Leonora gold project.

The design of the Lewis trial mining operation on the project’s Bruno-Lewis supergene resource (120,000 ounces of gold) has been refined with a more than 30% reduction in waste, generating a more economically robust mining schedule.

Preliminary site works commenced with the refurbishment of the Cardinia Haul Road have also been completed.

The optimised pit design is viewed as encouraging and has been tailored to lower processing cost afforded by vat leach processing. Revised costs enable a lower cut-off grade to be applied to the ore zone, resulting in more available ore tonnes to be accessed within a smaller pit design.

The trial mine is projected to be a cash positive exercise that will give a greater understanding of the economic viability of the supergene ore within at Leonora’s larger Cardinia resource.

Total Leonora resources have been estimated at 11.8 million tonnes at 1.9g/t gold for 722,300 ounces of gold.


Analysis

The targets defined at Gwalia South represent and intriguing exploration play given their proximity to the massive Sons of Gwalia mine and the geological indicators suggesting a continuous thread of mineralisation between the projects.

The structures being targeted under the upcoming Gwalia South campaign are also credible as they demonstrate the granite-ultramafic contract associated with Tower Hill.

Newsflow related to the upcoming drilling is likely to provide further price catalysts to Kin shares, which have gained 44% since the beginning of the month and are currently trading at A$0.13.

Exploration success by Kin at Gwalia South could open up all sorts of options, from ore / milling / tolling agreements, attracting farm-in partners or even the potential to consider development by the company.

The Lewis trial mine is an important step in Kin’s transition into a gold producer, and these latest practical developments demonstrate the viability of this emerging business model at Leonora.

The trial mine is expected to better inform the company about the particulars of the supergene ore, enabling it to be incorporated into the larger Cardinia resource.

The potential for high-grade starter pits should help secure project finance and reduce payback period. Strong results from metallurgical test work, include recoveries of over 95%.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 26 Oct 2015 10:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157394/kin-mining-set-to-tap-the-underexplored-fringes-of-a-gold-giant-65269.html
<![CDATA[News - Kin Mining optimises trial gold pit as production goals near reality ]]> http://www.proactiveinvestors.com.au/companies/news/157392/kin-mining-optimises-trial-gold-pit-as-production-goals-near-reality-65174.html Kin Mining (ASX:KIN) has tightened the plan for a trial mine at its Leonora gold project in Western Australia, setting up a low-cost starter operation that will increase confidence in an important resource area.

The design of the Lewis trial mining operation on the project’s Bruno-Lewis supergene resource (120,000 ounces of gold) has been refined with a more than 30% reduction in waste, generating a more economically robust mining schedule.

Preliminary site works commenced with the refurbishment of the Cardinia Haul Road have also been completed.

The optimised pit design is viewed as encouraging and has been tailored to lower processing cost afforded by vat leach processing. Revised costs enable a lower cut-off grade to be applied to the ore zone, resulting in more available ore tonnes to be accessed within a smaller pit design.

The trial mine is projected to be a cash positive exercise that will give a greater understanding of the economic viability of the supergene ore within at Leonora’s larger Cardinia resource.

Upcoming operations at Lewis are expected to refine vat leach recovery rates of the supergene ore, all-in sustaining costs of a vat leach operation and detailed specific gravity determinations that can be applied to Cardinia.

It will also provide reconciliation of the Bruno-Lewis resource.

Total Leonora resources have been estimated at 11.8 million tonnes at 1.9g/t gold for 722,300 ounces of gold.

The mining proposal has been approved by the government which has enabled the project to move forward within estimated time frames.

Site works have begun, with the completion the of the haul road within the Cardinia area. Procurement of key infrastructure is under way and a mining engineer and mine geologist have been appointed to manage the project.

It is expected that the supergene ore at the Cardinia Resource to be a low cost operation due to the bulk of the resource being contained between 20-50m below surface. The ore is a free-dig clay that will eliminate drill and blast costs and potentially the need for crushing.


Primed at Leonora

Kin gained extensive historical exploration and mining data with the acquisition of Leonora from the administrator of Navigator Resources in 2014. Historical production was over 316,000 ounces of gold at a high average head grade of 4.92g/t gold. Historical mining was sporadic and limited – there is potential to significantly expand the resource base.

A Pre-feasibility Study completed by Navigator did demonstrate robust project with considerable upside/

With over 70% of the 722,000 ounce total resource classified as Indicated at an acquisition cost of circa $2.60/ounce, the acquisition of Leonora is a game changer.

The acquisition provided an effective low risk pathway to production with the near-term production opportunity at Cardinia - Lewis and a BFS commencing 2016.



Analysis

The Lewis trial mine is an important step in Kin’s transition into a gold producer, and these latest practical developments demonstrate the viability of this emerging business model at Leonora.

The trial mine is expected to better inform the company about the particulars of the supergene ore, enabling it to be incorporated into the larger Cardinia resource.

The potential for high-grade starter pits should help secure project finance and reduce payback period. Strong results from metallurgical test work, include recoveries of over 95%.

Kin is on a fast track to production in a prolific gold mining region, having advanced to its status as an emerging gold producer in less than two years.

With a very tightly held share register (the top 20 hold 60%), Kin is attuned to exploration success; the directors hold 27% of issued capital and are clearly aligned with success of the company.

Not to be forgotten, chairman of Kin is the well versed Terry Grammer, awarded joint ‘Prospector of the Year’ in 2000 for the Jubilee Mines Cosmos Nickel Deposit discovery.

Kin has strong upcoming news flow as the technical team scrutinize the Leonora gold project database, with numerous exploration opportunities within a broader project portfolio. It is also highly leveraged for growth through acquisition and exploration success – all at a market cap. of just $6 million (at $0.10).




Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 19 Oct 2015 15:34:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157392/kin-mining-optimises-trial-gold-pit-as-production-goals-near-reality-65174.html
<![CDATA[News - Kin Mining targets gold south of 7M ounce Sons of Gwalia mine ]]> http://www.proactiveinvestors.com.au/companies/news/157390/kin-mining-targets-gold-south-of-7m-ounce-sons-of-gwalia-mine-65044.html Kin Mining NL (ASX:KIN) has some high quality exploration targets at its Gwalia South Prospect, which sits just 2.5 kilometres south of St Barbara's (ASX:SBM) seven million gold ounce Sons of Gwalia mine.

St Barbara produced 72,388 gold ounces from Gwalia mine in the September quarter 2015.

Further to the north-west, the same greenstone package also encompasses the granite-ultramafic lithologies that hosts the Tower Hill (1Moz), Harbour Lights (1Moz), Jasper Flats (165koz), Kailis (50koz) and King of the Hills mines (1.8Moz).

Kin said that a new structural analysis reveals north-west trending thrust faults have a controlling effect on large scale gold mineralisation along the Gwalia Shear Zone.

Adding to the prospectivity, the Gwalia mine sequence continues south through Kin’s Desdemona tenure and this gold bearing corridor presents as a highly prospective target zone.

Trevor Dixon, Kin Mining's managing director, commented:

“We are very pleased with the progress at the Gwalia South Prospect.

"The geological team have been busy getting all the data together which has led to the latest developments.

"Originally we thought this area would have been well explored due to its close proximity to the world class Sons of Gwalia mine.

"However the drill data reveals many areas are ineffectively drill tested and the possibility of finding another large scale gold deposit along the Gwalia Shear Zone remains."


Exploration target

Kin has identified at least two north-west striking faults within the Gwalia South prospect area and believe that these structures have been poorly tested by previous exploration.

The new exploration model will focus on the prospective north-west striking faults that are believed to be the controlling structures for large scale gold mineralisation within the Gwalia Shear Zone.


Drilling

Kin said collation and interrogation of newly acquired datasets has confirmed the highly prospective nature of the Gwalia South Prospect.

Deeper angled reverse circulation drilling is planned to effectively test this underexplored structural corridor over a strike length of more than 4 kilometres.

The recently secured tenure has been held for the last 30 years by the previous mine owners and may have been somewhat overlooked due to large scale mining being their primary focus.

The addition of Gwalia South now expands Kin’s overall land holding along the prolific gold bearing Gwalia Shear Zone to 26 kilometres of strike length which Kin plans to systematically explore.


Analysis

That Kin’s ground is only 2.5 kilometres away from Sons of Gwalia mine has always been acknowledged.

But the fact that Gwalia South also comprises the same geological sequence and structural regime makes this area a compelling drill target.

Gwalia South has now been elevated to one of Kin’s priority gold targets.

Exploration success by Kin at Gwalia South could open up all sorts of options, from ore / milling / tolling agreements, attracting farm-in partners or even the potential to consider development by the company.

While only early days for Kin at Gwalia South, the location itself will garner a second look from gold focussed investors.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 12 Oct 2015 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157390/kin-mining-targets-gold-south-of-7m-ounce-sons-of-gwalia-mine-65044.html
<![CDATA[News - Kin Mining raises funds to complete PFS for Leonora Gold Project ]]> http://www.proactiveinvestors.com.au/companies/news/157388/kin-mining-raises-funds-to-complete-pfs-for-leonora-gold-project-64629.html Kin Mining (ASX:KIN) has raised $189,000 through its Share Purchase Plan priced at $0.10 to help fund a Pre-Feasibility Study over the Leonora Gold Project in Western Australia.

Along with the recently completed placement, the company has raised a total of about $844,200 before costs.

The SPP includes one free attaching option exercisable at $0.20 and expiring on 31st August 2017 for every two shares subscribed. Shares in KIN last traded at $0.095.

The company retains the right to place the remaining 18.11 million shares and attached options that were not subscribed within three months from the prospectus dated 31st July 2015.

Proceeds will also be used for JORC 2012 compliant upgrades forthcoming as a result of the last 5 years of drilling campaigns conducted by the previous owners.

This involves about 15,000 metres of infill and extensional drilling which do not form part of the current JORC 2012 compliant resources of 11.8 million tonnes at 1.9 grams per tonne, or 722,300 ounces of gold.

In addition, funds will be used for infill and extensional drilling at Mertondale to define a Target of 1 million to 1.2 million ounces of gold resources along 10 kilometres of the Mertondale Shear Zone.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 18 Sep 2015 18:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157388/kin-mining-raises-funds-to-complete-pfs-for-leonora-gold-project-64629.html
<![CDATA[News - Kin Mining extends capital raising ]]> http://www.proactiveinvestors.com.au/companies/news/157386/kin-mining-extends-capital-raising-64317.html Kin Mining (ASX:KIN) is providing shareholders with more time to participate in its Share Purchase Plan priced at $0.10 to raise up to $2 million.

On 31st July 2015, the company offered shareholders up to $3,000 worth of shares under the SPP. This has now being extended to Friday, 11th September 2015.

This includes one free attaching option exercisable at $0.20 and expiring on 31st August 2017 for every two shares subscribed.

Shares in the company last traded at $0.10.

Proceeds will be used to complete a pre-feasibility study over the Leonora Gold Project in Western Australia.

It will also be used for JORC 2012 compliant upgrades forthcoming as a result of the last 5 years of drilling campaigns conducted by the previous owners.

This involving about 15,000 meters of infill and extensional drilling which do not form part of the current JORC 2012 compliant resources previously announced by Kin.

In addition, funds will be used for infill and extensional drilling at Mertondale to define a Target of 1 million to 1.2 million ounces of gold resources along 10 kilometres of the Mertondale Shear Zone.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 02 Sep 2015 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157386/kin-mining-extends-capital-raising-64317.html
<![CDATA[News - Kin Mining to reveal funding arrangement ]]> http://www.proactiveinvestors.com.au/companies/news/157384/kin-mining-to-reveal-funding-arrangement-62781.html Kin Mining (ASX:KIN) are preparing to outline a funding arrangement, with the ASX granting the company a trading halt to prepare.

Kin is looking to fast-track its Leonora based gold assets into production.

At the Leonora project, the company has an inventory of over one million gold ounce.

The halt will remain in place until the opening of trade on Wednesday 10th June 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 05 Jun 2015 16:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157384/kin-mining-to-reveal-funding-arrangement-62781.html
<![CDATA[News - Kin Mining granted trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/157382/kin-mining-granted-trading-halt-60877.html Kin Mining's (ASX:KIN) shares are in pre-open following the ASX granting the company a trading halt, pending details of a funding arrangement.

Kin's exploration focus is on the Leonora District of Western Australia, and recently acquired the Leonora gold project from the administrator of Navigator Resources for the equivalent of $2.60 an ounce.

The halt will remain in place until the opening of trade on Thursday 26th February 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 24 Feb 2015 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157382/kin-mining-granted-trading-halt-60877.html
<![CDATA[News - Kin Mining defines nickel-copper-platinum target ]]> http://www.proactiveinvestors.com.au/companies/news/157378/kin-mining-defines-nickel-copper-platinum-target-56451.html Kin Mining (ASX:KIN) has revealed a high priority magmatic nickel-copper-PGE target at its Desdemona Project area, just south of Leonora in Western Australia.

The target was defined during ongoing prospect research and geochemical evaluation within Kin’s regional tenement portfolio in the Leonora district.

Basal contact has been identified over 1.4 kilometres of strike and remains untested at depth.

The company identified an extensive zone of strong secondary nickel-copper-cobalt-PGE surface enrichment at Kingfisher correlating with historic ore grade nickel and copper sulphide intersections and associated platinum and palladium.

A geophysical survey is slated to commence next month at the Kingfisher Prospect to test for possible conductors beneath historical drill intercepts of up to 2% nickel and 4.8% copper.

Kingfisher is prospective for magmatic nickel-copper mineralisation similar to Sirius Resources' (ASX:SIR) Nova-Bollinger nickel-copper sulphide deposit in the Fraser Range.

Earlier this month, Kin raised $3 million at $0.15 per share which should enable it to finalise the acquisition of the Leonora Gold Project.

The chairman of Kin is notable Australian mining identity Terry Grammar who was a founder of the successful nickel miner Western Areas (ASX:WSA).

 

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Wed, 23 Jul 2014 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157378/kin-mining-defines-nickel-copper-platinum-target-56451.html
<![CDATA[News - Kin Mining raises $3M, to finalise acquisition of Leonora Gold ]]> http://www.proactiveinvestors.com.au/companies/news/157377/kin-mining-raises-3m-to-finalise-acquisition-of-leonora-gold-56381.html Kin Mining (ASX:KIN) has raised $3,000,000 at $0.15 per share which should enable it to finalise the acquisition of the Leonora Gold Project in Western Australia.

The chairman of Kin is notable Australian mining identity Terry Grammar who was a founder and promoter in 1999 of the successful nickel miner Western Areas (ASX:WSA).

The funds will be raised in two tranches through an investment from an unlisted private company Geolord Resources Pty Ltd.

A total of 23,809,524 shares in Kin at a price of $0.15 per share for a total consideration of $3,571,429 and receive a 16% placement fee, providing net funds of $3,000,000 to Kin.

The placement will enable completion of the transaction with the Deed Administrator to acquire all the issued capital of Navigator Mining Pty Ltd, which holds the assets in the Leonora Gold Project.

A $200,000 deposit has already been paid for this acquisition, with a balance of $2.5 million required to complete the transaction.

Shareholder approval will be required.

Previously, Kin Ming had announced it would undertake a 1-for-1 non-renounceable rights issue at $0.15 per share to raise up to $5.8 million.

 

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Mon, 21 Jul 2014 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157377/kin-mining-raises-3m-to-finalise-acquisition-of-leonora-gold-56381.html
<![CDATA[News - Kin Mining will proceed with acquisition of the Leonora gold project in WA ]]> http://www.proactiveinvestors.com.au/companies/news/157375/kin-mining-will-proceed-with-acquisition-of-the-leonora-gold-project-in-wa-54584.html Kin Mining (ASX: KIN) is proceeding with its acquisition of the 745,000 ounce Leonora gold project in Western Australia from Navigator Resources (ASX: NAV), which is in administration, for $2.7 million in cash.

The company provided written confirmation to the Administrator of Navigator that all due diligence conditions have been satisfied while the creditors of Navigator have approved the proposed transaction.

Accordingly, Kin has paid a non-refundable deposit of $200,000.

The proposed acquisition remains conditional on the company obtaining shareholder approval and raising at least $5 million.

Leonora Gold Project

The Leonora resource consists of 8.16 million tonnes Indicated at 2g/t gold for 533,000 ounces, and 4.13 million tonnes Inferred at 1.6g/t gold for 212,000 ounces.

It is located close to Kin’s existing asset, bringing operational synergies and cost benefits.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 29 Apr 2014 18:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157375/kin-mining-will-proceed-with-acquisition-of-the-leonora-gold-project-in-wa-54584.html
<![CDATA[News - Kin Mining to purchase 745,000 ounce Leonora gold project in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/157373/kin-mining-to-purchase-745000-ounce-leonora-gold-project-in-western-australia-54197.html Kin Mining (ASX: KIN) should trade firmer after executing a binding term sheet to acquire the Leonora gold project in Western Australia from Navigator Resources (ASX: NAV), which is in administration.

Leonora hosts a gold resource of 745,000 ounces, and exploration upside, from which Kin intends to develop an economic mining operation.

The resources is comprised of 8.16 million tonnes Indicated at 2g/t gold for 533,000 ounces, and 4.13 million tonnes Inferred at 1.6g/t gold for 212,000 ounces.

The purchase price is $2.7 million in cash, with a $200,000 deposit after satisfaction of due diligence, with the transaction scheduled for completion by the 30th of June.

This is conditional upon a company deed of arrangement for Navigator, the raising of $5 million by Kin, and Kin shareholder approval.

Importantly, Kin's existing gold projects are in close proximity to Leonora, thus offering operational synergies and cost benefits.

Kin's recent drilling at Murrin Murrin intersected 2 metres at 34.23 grams per tonne gold, contained within a broader hit of 31 metres at 4.29 grams per tonne.

The Murrin Murrin prospect was also tested via re-entry and extension of a hole drilled late last year which ended in 1 metre at 36 grams per tonne gold from 87 metres.

The extended hole assayed 32.45 g/t gold from 88 to 89 metres, within 5 metres at 17.2 grams per tonne to 92 metres.

Notably, Kin is chaired by Terry Grammer, with a career spanning more than 35 years in Australia, Africa, Asia and New Zealand.

Grammer acted as non-executive director of Sirius Resources (ASX:SIR) during the Nova-Bollinger nickel-copper discoveries, and was co-founder of the $800 million nickel miner Western Areas (ASX:WSA).

Other accolades include being a joint winner of the AMEC Prospector of the Year Award in 2000 for his role in the discovery of the Cosmos nickel deposit, which underpinned the development of Jubilee Mines and led to its takeover by Xstrata.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 08 Apr 2014 15:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157373/kin-mining-to-purchase-745000-ounce-leonora-gold-project-in-western-australia-54197.html
<![CDATA[News - Kin Mining to divulge 'material acquisition' ]]> http://www.proactiveinvestors.com.au/companies/news/157371/kin-mining-to-divulge-material-acquisition-54115.html Kin Mining (ASX: KIN) is preparing to outline a material acquisition, with the Australian Stock Exchange granting the company a trading halt.

KIN's shares are currently in pre-open.

The halt will remain in place until the opening of trade on Tuesday 8th April 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 04 Apr 2014 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157371/kin-mining-to-divulge-material-acquisition-54115.html
<![CDATA[News - Kin Mining hits 34.23 grams per tonne gold at Murrin Murrin, Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/157369/kin-mining-hits-3423-grams-per-tonne-gold-at-murrin-murrin-western-australia--53801.html Kin Mining (ASX: KIN) has reported latest reverse circulation drill results from the Eastern Gabbro prospect within its Murrin Murrin gold project in Western Australia.

A peak assay at Gabbro of 2 metres at 34.23 grams per tonne gold was returned, contained within a broader hit of 31 metres at 4.29 grams per tonne.

The Murrin Murrin prospect was also tested via re-entry and extension of a hole drilled late last year which ended in 1 metre at 36 grams per tonne gold from 87 metres.

The extended hole assayed 32.45 g/t gold from 88 to 89 metres, within 5 metres at 17.2 grams per tonne to 92 metres.

With grades like these, more drilling is certainly warranted.

Notably, Kin is chaired by Terry Grammer, with a career spanning more than 35 years in Australia, Africa, Asia and New Zealand.

Grammer acted as non-executive director of Sirius Resources (ASX:SIR) during the Nova-Bollinger nickel-copper discoveries, and was co-founder of the $800 million nickel miner Western Areas (ASX:WSA).

Other accolades include being a joint winner of the AMEC Prospector of the Year Award in 2000 for his role in the discovery of the Cosmos nickel deposit, which underpinned the development of Jubilee Mines and led to its takeover by Xstrata.

Capitalised at around $10 million, there is plenty of room for growth with further gold discoveries.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 20 Mar 2014 13:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157369/kin-mining-hits-3423-grams-per-tonne-gold-at-murrin-murrin-western-australia--53801.html
<![CDATA[News - Kin Mining starts second round drilling at Leonora gold projects in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/157367/kin-mining-starts-second-round-drilling-at-leonora-gold-projects-in-western-australia-52935.html Kin Mining (ASX:KIN) has started a second round of reverse circulation drilling at Leonora projects in Western Australia focusing on targets within the Iron King Group gold projects.

Past drilling results both by Kin and others have demonstrated the potential.

The Iron King Group comprises eight PLs around the historic Iron King and Victory Mining Centres located 45 kilo metres NNW of Leonora and approximately 14 kilometres north-west of St Barbara Ltd’s (SBL) “King of the Hills” gold mine.

Historic high grades

The first drill hole has already been completed at Blue Spec. Interestingly, that target had recorded historic gold grades of 56.6 grams per tonne gold.

The historic drill hole also intersected 2 metres of quartz veining between 41 and 43 metres down hole.

The rig has now moved to the Crystal Ridge Prospect where previous drilling gave a best intersection of 46 metres at 1.83 g/t gold.

The third target will be Reeds United where rock chip samples have returned assays in the range of 10g/t to 33g/t.

Kin plans to move the rig to Murrin Murrin after drilling at Iron King where earlier drilling by Kin at Murrin Murrin returned best intersections of 25 metres at 3.16 g/t gold from 63 metres.

The company has also applied for additional prospecting licence at the Iron King Group project.

So there is some form at these prospects and with some assays likely to be received 2-3 weeks after the completion of the drilling programme, this will generate interest given Kin's current market cap. of $10 million.




Proactive Investors Australia is the market leader in producing news,articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 18 Feb 2014 16:12:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157367/kin-mining-starts-second-round-drilling-at-leonora-gold-projects-in-western-australia-52935.html
<![CDATA[News - Kin Mining samples 116g/t gold from Mt Flora, Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/157365/kin-mining-samples-116gt-gold-from-mt-flora-western-australia-51427.html Kin Mining (ASX: KIN) has reported that recent reconnaissance rock chip sampling returned numerous anomalous gold results, with a peak value of 115.98 grams per tonne at the Mt Flora prospect within its Leonora tenements.

A total of 69 rock chip samples were collected across all prospects, 11 of which returned gold grades over 2 grams per tonne, with three in excess of 10 grams per tonne.

Gold assays at Iron King valued up to 25.73 grams per tonne and 14.97 grams per tonne from a nearby shallow prospecting pit.

Geological mapping and geochemical sampling is scheduled to define the source of the mineralisation with a view to drill testing.

Recently completed drilling at the Murrin Murrin prospect identified primary and supergene gold mineralisation, with broad, near surface, high grade intercepts up to 6.8 grams per tonne.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 24 Dec 2013 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157365/kin-mining-samples-116gt-gold-from-mt-flora-western-australia-51427.html