https://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Fri, 19 Oct 2018 01:08:12 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Kin Mining identifies new targets for drilling at Leonora Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/206840/kin-mining-identifies-new-targets-for-drilling-at-leonora-gold-project-206840.html Kin Mining NL (ASX:KIN) has identified new targets with no history of previous exploration through geological mapping at its Leonora Gold Project (LGP) in Western Australia.

A project-wide targeting program is being undertaken in parallel with exploration and drilling at the main mining centres of the LGP – Cardinia, Mertondale and Raeside – along with the ongoing development studies to deliver the LGP to a lower risk development decision in 2019.

Historical high-grade mining areas

Gold exploration within the project area has been sporadically undertaken for more than 30 years, although activity outside the known orebodies has been limited, particularly in the past 20 years.

Kin has completed a comprehensive, detailed mapping and target generation work program over the core of the LGP tenure.

It has identified a number of new targets in covered terrain and reinterpreted historical high-grade mining areas with modern mineralised system thinking.

Moving towards a development decision

Kin managing director Andrew Munckton said: “Developing our understanding of the wider exploration potential of the LGP is an important pillar to generate more value for shareholders.

“The work completed to date has successfully identified prospective new areas which will be progressed towards drilling in 2019 as we remain focussed on our key objectives of expanding resources and delivering the LGP to a lower risk development decision point.”

READ: Kin Mining outlines $10.4 million rights issue for Leonora Gold Project

Kin is opening a 2:5 rights issue priced at 8 cents on October 22, 2018 to raise up to $10.4 million for accelerated exploration of new targets with the potential to deliver further significant resource growth at the LGP.

The funds will help Kin move LGP towards a revised feasibility study in late 2019 that can define a robust and attractive project development case.

READ: Kin Mining adds 33,900 ounces from Helens to gold bounty at Leonora

Kin’s recent drill program on, and review of, the Helens' deposit resulted in a 92% increase in Helen’s JORC resource.

The company plans to continue with the drilling programs that are delivering these JORC resource estimate upgrades.

Work is underway to update the Lewis deposit with plans to recommence drilling at the Helens, Lewis, Bruno and Mertondale deposits.

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Thu, 11 Oct 2018 12:32:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206840/kin-mining-identifies-new-targets-for-drilling-at-leonora-gold-project-206840.html
<![CDATA[News - Kin Mining outlines $10.4 million rights issue for Leonora Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/206626/kin-mining-outlines-104-million-rights-issue-for-leonora-gold-project-206626.html Kin Mining NL (ASX:KIN) intends to open a 2:5 rights issue priced at 8 cents to raise up to $10.4 million to progress the Leonora Gold Project (LGP) in Western Australia.

Funding will also be used for accelerated exploration of new targets with the potential to deliver further significant resource growth at the LGP, and repayment of the outstanding US$3 million Sprott Facility.

These activities represent a pathway over the next 9 to 12 months to a fuller understanding of the overall gold endowment potential and optimised development scope of the LGP.

READ: Kin Mining adds 33,900 ounces from Helens to gold bounty at Leonora

Kin’s managing director Andrew Munckton said: “Since the suspension of project development activities earlier this year, Kin has set about restoring the credibility of the LGP in a methodical and progressive fashion.

“This raising, and the planned use of the expected funds, represents the next step in this process.

“A range of technical work streams are in progress to optimise the scope and refine the elements of the LGP.

“Alongside this work, Kin continues to target both significant further resource growth and a greater understanding of the gold endowment potential that the LGP offers.

Moving towards a revised feasibility study

“These activities are collectively targeted to ensure that the LGP is rapidly moved towards a revised feasibility study in late 2019 that can define a robust and highly attractive project development case.”

Resource updates could be further catalysts

Kin’s recent drill program on, and review of, the Helens' deposit resulted in a 92% increase in Helen’s JORC resource.

The company plans to continue with the drilling programs that are delivering these JORC resource estimate upgrades.

Work is underway to update the Lewis deposit with plans to recommence drilling in the current quarter at the Helens, Lewis, Bruno and Mertondale deposits.

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Tue, 09 Oct 2018 12:54:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206626/kin-mining-outlines-104-million-rights-issue-for-leonora-gold-project-206626.html
<![CDATA[News - Kin Mining granted ASX trading halt ahead of capital raising announcement ]]> https://www.proactiveinvestors.com.au/companies/news/206436/kin-mining-granted-asx-trading-halt-ahead-of-capital-raising-announcement-206436.html Kin Mining NL (ASX:KIN) has news of a capital raising pending and has been granted a trading halt by the ASX.

The halt will remain in place until the commencement of normal trading on Tuesday, October 9, 2018, or when an announcement is released to the market, whichever occurs earliest.

Shares last traded at 9 cents at market close on Thursday.

READ: Kin Mining adds 33,900 ounces from Helens to gold bounty at Leonora

The company recently added 33,900 ounces to the indicated and inferred resource at Helens deposit within the Cardinia Mining Centre of Leonora Gold Project in Western Australia.

The updated estimate of 70,900 ounces includes a 29% increase in tonnage, 49% increase in grade and 92% increase in ounces.

This supports a larger open pit development at Helens, which is 2-kilometres from the Cardinia processing plant site.

The update was made after all assay results were received from a phase I reverse circulation and diamond drilling program completed in late July.

READ: Kin Mining negotiates flexibility for credit facility with Sprott

Drilling focused on testing mineralised lodes to a depth of 150 metres below the surface and advancing the geological and structural understanding of the area.

Infill drilling of near-surface mineralisation to a minimum drill density of 40 metres by 40 metres was also completed.

Kin is planning preliminary optimisation and pit design works to identify areas where additional drilling is warranted to reduce risk and improve the resource estimate quality in the Helens area.

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Fri, 05 Oct 2018 11:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206436/kin-mining-granted-asx-trading-halt-ahead-of-capital-raising-announcement-206436.html
<![CDATA[News - Kin Mining adds 33,900 ounces from Helens to gold bounty at Leonora ]]> https://www.proactiveinvestors.com.au/companies/news/204473/kin-mining-adds-33900-ounces-from-helens-to-gold-bounty-at-leonora-204473.html Kin Mining NL (ASX:KIN) has added 33,900 ounces to the indicated and inferred resource at Helens deposit within the Cardinia Mining Centre of Leonora Gold Project in Western Australia.

The updated estimate of 70,900 ounces includes a 29% increase in tonnage, a 49% increase in grade and a 92% increase in ounces.

It supports a larger open pit development at Helens, which is 2-kilometres from the Cardinia processing plant site.

READ: Kin Mining has strong gold results from Leonora, new resource estimate imminent

The resource was updated after all assay results were received from the phase I reverse circulation and diamond drilling program completed in late July.

Helens resource update and comparison with the previous model.

Phase I focused on testing the mineralised lodes to a depth of 150 metres below surface and advancing the geological and structural understanding of the area.

Infill drilling of near-surface mineralisation to a minimum drill density of 40 metres by 40 metres was also completed.

Indicated resources increase 14,000 ounces

A 14,000-ounce increase in the indicated resource classification is due to a 50% increase in grade to 2.18 g/t.

This is largely attributable to the geological domaining and the incorporation of new data.

Inferred resource up 225%

Inferred resource tonnage increased 127%, grade by 36% and gold ounces by 225% over the previous estimate.

This reflects the inclusion of the depth extension at Helens Main due to the success of recent drilling.

Previous work linked the reporting of resources for the Helens and Fiona deposits into a Greater Helens resource area.

 

Fiona has been excluded from recent work and the 24,000-ounce estimate is unchanged.

This represented 40% of the previous 61,000 ounces reported for Greater Helens.

During the phase I drilling program, Kin also targeted testing the potential to extend the deposit at depth into primary mineralisation within the fresh rock.

The diamond core component of the program proved invaluable at improving the geological and structural understanding on the controls of mineralisation.

Depth potential strengthened

Deeper drilling also confirms the mineralised system extends, in areas, to a depth greater than 250 metres and, therefore, clear potential exists to increase resources below the current 150-metre depth.

Plan view of the Leonora Gold Project.

A suite of core samples from the drilling separated into a number of metallurgical domains has been selected for test work.

READ: Kin Mining negotiates flexibility for credit facility with Sprott

This focuses on primary mineralisation to a depth of 150 metres with results expected in the December quarter.

Next steps

Kin also plans preliminary optimisation and pit design works to identify areas where additional drilling is warranted to reduce risk and improve the resource estimate quality in the Helens area.

This work will involve:

- Drilling to upgrade mineral resource classification; - Systematic assessment of the lightly drilled Eastern Lodes; and - Initial assessment of the deeper mineralisation in higher grade areas below the open pit with a view to potential underground mining. Further Fiona work warranted

In addition, further assessment of the Fiona area deposits is also warranted and will be completed in the coming months.

Phase II drilling at Helens is scheduled to begin in the December 2018 quarter.

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Mon, 10 Sep 2018 10:23:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204473/kin-mining-adds-33900-ounces-from-helens-to-gold-bounty-at-leonora-204473.html
<![CDATA[News - Kin Mining has strong gold results from Leonora, new resource estimate imminent ]]> https://www.proactiveinvestors.com.au/companies/news/204010/kin-mining-has-strong-gold-results-from-leonora-new-resource-estimate-imminent-204010.html Kin Mining NL (ASX:KIN) has received further strong gold assays from drilling at Helens prospect, which is part of the Cardinia Mining Centre at the Leonora Gold Project in Western Australia.

A combination of medium and high-grade intersections from phase I drilling have illustrated lode continuity at depth.

Results at depths from Helens Main lode include 3.9 metres at 10.1 g/t gold from 170.9 metres, 4.7 metres at 2.1 g/t from 151.8 metres, 5.7 metres at 1.5 g/t from 234.4 metres and 3.9 metres at 2.0 g/t from 177.4 metres.

A notable near-surface Helens Main intersection was 10.0 metres at 1.2 g/t from 35 metres.

READ: Kin Mining intersects strong gold grades at Leonora project, progresses production bore

Kin has completed a revised geological model with drill results to be incorporated in a new mineral resource estimate which will be released early this month.

Plan of Helens phase I drilling with recent significant intersections.

The phase I program consisted of 15,018 metres of reverse circulation and diamond drilling.

This was focused on testing the mineralised lodes to a depth of 150 metres below surface and advancing the geological and structural understanding of the area.

A number of auriferous structures were intersected.

Infill drilling of near-surface mineralisation to a minimum drill density of 40 metres by 40 metres was also completed.

 

Helens Main Lode is a steep dipping, continuous, linear structure over 1,500 metres of strike length which has been intersected down to a maximum depth of 180 vertical metres.

It varies in width from 2 metres to 18 metres downhole and assays generally in the 2.0 g/t to 4.0 g/t range.

Two notable higher grade zones exist in the Central and Southern parts of the structure while several other lode structures have also been intersected generally to the east of Helens Main.

These warrant further drilling.

READ: Kin Mining negotiates flexibility for credit facility with Sprott

Final phase I assay results continue to endorse the Helens area as capable of development into an expanded open pit mining centre with generally higher grade than the existing mineral resource and mine plan.

Plan view of the Leonora Gold Project.

Phase II drilling planned

Following release of the new resource estimate, preliminary optimisation and pit design works will be undertaken to identify areas where additional drilling is warranted to reduce risk and improve the resource estimate quality.

This phase II drilling is scheduled to begin in the December 2018 quarter.

Metallurgical test work is underway with a suite of core samples separated into a number of metallurgical domains selected.

This work will focus on primary mineralisation to a depth of 150 metres and results are expected during the December quarter.

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Mon, 03 Sep 2018 10:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204010/kin-mining-has-strong-gold-results-from-leonora-new-resource-estimate-imminent-204010.html
<![CDATA[News - Kin Mining negotiates flexibility for credit facility with Sprott ]]> https://www.proactiveinvestors.com.au/companies/news/203929/kin-mining-negotiates-flexibility-for-credit-facility-with-sprott-203929.html Kin Mining NL (ASX:KIN) has reached an agreement to modify the US$27 senior secured credit facility with Sprott Private Resource Lending.

The modifications to the facility include repayment in tranches of the US$5 million outstanding and a removal of all facility covenants from the date of completion of repayment.

Kin has made the first tranche repayment of US$2 million and has sufficient cash available to repay the US$3 million balance.

READ: Kin Mining intersects strong gold grades at Leonora project, progresses production bore

By repaying the facility in tranches Kin retains the ability to utilise its cash in the most cost-effective manner as results are received from exploration.

This includes additional drilling and metallurgical work programs at Helens, Bruno Lewis and the water exploration and production bore drilling programs at Bummer Creek and Cardinia Creek.

Kin originally drew down US$5 million of the facility prior to suspending construction of the Cardinia processing plant at the Leonora Gold Project (LGP) in May of this year.

Construction was suspended in order to complete additional work programs necessary for the re-commencement of the project development.

Notably, Sprott has expressed a desire to remain involved in the LGP and has agreed to leave the facility structure in place with no additional costs until Kin has completed its additional work programs.

Sprott is a globally renowned resources-focused investment firm.

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Fri, 31 Aug 2018 09:29:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203929/kin-mining-negotiates-flexibility-for-credit-facility-with-sprott-203929.html
<![CDATA[Media files - Kin Mining receiving assays, on track for updated resource estimate in September ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10245/kin-mining-receiving-assays-on-track-for-updated-resource-estimate-in-september-10245.html Mon, 27 Aug 2018 09:40:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10245/kin-mining-receiving-assays-on-track-for-updated-resource-estimate-in-september-10245.html <![CDATA[News - Kin Mining intersects strong gold grades at Leonora project, progresses production bore ]]> https://www.proactiveinvestors.com.au/companies/news/202057/kin-mining-intersects-strong-gold-grades-at-leonora-project-progresses-production-bore-202057.html Kin Mining NL (ASX:KIN) has returned significant gold assays from phase I exploration drilling at the Helens prospect within its wider Leonora Gold Project in Western Australia.

Drilling focused on extending the Helens Main and Helens South deposits to 150 metres below surface, advancing the understanding of structural controls and confirming the continuity of gold mineralisation.

The 44-hole program drilled 5,319 metres of reverse circulation (RC) and 2,385.1 metres of diamond core and results so far demonstrate the potential for a large open pit development at Helens.

High-grade results

Deeper intersections include: 15.8 metres at 3.77 g/t gold from 266.4 metres; 7 metres at 3 g/t from 144 metres; 5 metres at 3.96 g/t from 90 metres; and 3 metres at 3.41 g/t from 131 metres.

Highlighted, near-surface assays include: 1.1 metres at 135.4 g/t from 46.7 metres; 17 metres at 2.92 g/t from 9 metres; and 10 metres at 2.23 g/t from 10 metres.

READ: Kin Mining appoints Andrew Munckton to its board as managing director

The company has also commenced production bore establishment and initial testing of water supply to the Cardinia process plant site.

The geological model developed by Kin indicates that the gold mineralisation is contained within a complex shear zone of up to 40 metres true width.

The zone contains at least three discrete, steeply dipping, north trending structures.

  Updated resource estimate due in September

Further geological modelling is underway ahead of an updated mineral resource estimate due for completion by September.

Following the updated resource estimate, Kin will commence metallurgical domaining and test work programs, with a focus on sulphide ore characterisation over the fresh rock portion of the Helens deposit.

Preliminary open pit optimisation works will follow, which will provide new targeting information for phase II extension and infill drilling.

Phase II drilling is expected to begin in the December quarter 2018.

READ: Kin Mining drilling finds sufficient water for Leonora Gold Project

Kin considers water supply to the Cardinia plant site a critical path item for development.

The design for the Cardinia plant at 1.5 million tonnes per annum throughput requires water supply of 50 litres per second, with higher demand of up to 70 l/s during commissioning of the tailings dam.

After identifying several locations that justified development testing, Kin has started production bore establishment and initial testing.

Larger diameter production bores have now been established adjacent to exploration holes where, during exploration, water flow greater than 5 litres per second was encountered from the fractured rock aquifer that underlies the creek system.

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Wed, 01 Aug 2018 22:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202057/kin-mining-intersects-strong-gold-grades-at-leonora-project-progresses-production-bore-202057.html
<![CDATA[News - Kin Mining appoints Andrew Munckton to its board as managing director ]]> https://www.proactiveinvestors.com.au/companies/news/201776/kin-mining-appoints-andrew-munckton-to-its-board-as-managing-director-201776.html Kin Mining NL (ASX:KIN) has recognised the role that chief executive officer Andrew Munckton has played in steering the company’s gold strategy by appointing him as managing director.

Munckton has been in the CEO’s role since April 2018 and the new appointment will take effect on Wednesday.

Kin’s chairman Jeremy Kirkwood said Munckton was certain to make a strong contribution to the board of directors following an outstanding job as CEO.

READ: Kin Mining’s drilling finds sufficient water for Leonora Gold Project

“Andrew’s leadership has been excellent as Kin has worked through the issues associated with the Leonora Gold Project and in recalibrating Kin’s strategic direction.

"We look forward to his increased input, particularly as an experienced mining geologist, as a member of the board of directors.”

Company secretary resigns

Kin has also accepted the resignation of Joe Graziano as company secretary, a position he has held since the company’s incorporation.

Graziano will continue to serve on Kin’s board as a non-executive director.

Chief financial officer Stephen Jones will assume the role of company secretary.

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Mon, 30 Jul 2018 09:37:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201776/kin-mining-appoints-andrew-munckton-to-its-board-as-managing-director-201776.html
<![CDATA[News - Kin Mining’s drilling finds sufficient water for Leonora Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/201272/kin-minings-drilling-finds-sufficient-water-for-leonora-gold-project-201272.html Kin Mining NL (ASX:KIN) has confirmed that there is sufficient water available for project activities at the Leonora Gold Project in Western Australia.

The company has completed a drilling program aimed at annually providing a sustainable 1.5 million tonnes of suitable quality water to the Cardinia processing plant.

There were 43 reverse circulation (RC) water production boreholes completed across the project for 4,325 metres.

READ: Kin Mining concludes rights issue shortfall to secure additional funding

CEO Andrew Munckton said: “The water exploration activities have yielded reasonable success.

“Kin will now move to confirm the sustainable yields and required number of bores for full water supply for the Cardinia plant as well as dewatering plans for the Helens and Bruno Lewis pits.”

Drilling focused on Cardinia Creek, including the Helens and Bruno Lewis open pit areas, as well as Bummer Creek.

Good success rate at Bummer Creek

There was a good success rate at Bummer Creek with four of eight holes yielding sufficient water of greater than 5 litres per second to justify development testing.

This area is about 14 kilometres southeast of the plant site.

At Cardinia Creek, previous RC drilling associated with gold exploration intersected water at relatively shallow depths.

The recent program had a lower success rate with four of 35 holes yielding sufficient water to justify development testing.

READ: Kin Mining’s drilling program at Helens strikes further gold mineralisation

Next steps will include test pumping to confirm sustainable yield at Bummer Creek followed by additional exploration if the yield is confirmed.

Production bore development and testing is scheduled for the current quarter.

TSF site is suitable

Kin also conducted a sterilisation drill program over the footprint of the proposed tailings storage facility site (TSF), about 1 kilometre south of the processing plant location.

RC drilling followed up anomalous aircore results with a total of 2,273 metres completed.

Munckton said: “The sterilisation drilling at the proposed TSF location has confirmed its suitability.

“Further sterilisation drilling works will expand the sites available for tailings and waste dump storage away from the many mineralised corridors at the project.”

The vast majority of assay results were below the 0.01 g/t gold detection limit.

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Mon, 23 Jul 2018 09:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201272/kin-minings-drilling-finds-sufficient-water-for-leonora-gold-project-201272.html
<![CDATA[News - Kin Mining's substantial shareholder demonstrates support for gold strategy ]]> https://www.proactiveinvestors.com.au/companies/news/201187/kin-mining-s-substantial-shareholder-demonstrates-support-for-gold-strategy-201187.html Kin Mining NL’s (ASX:KIN) substantial shareholder Harmanis Holdings Pty Ltd has demonstrated support for the company’s gold strategy through a series of share purchases and placement participation.

This has resulted in Harmanis increasing its interest to 7.14% from 6.20%.

Since March 26, 2018, Harmanis has invested more than $1.072 million in a number of purchases and took part in a recent placement.

It now holds more than 23 million Kin Mining shares, up from 13.7 million early this year.

READ: Kin Mining’s gold strategy attracts German substantial shareholder

Around $9 million was raised from Kin’s placement and subsequent shortfall issue.

These funds will be used to undertake exploration programs to expand the plus-1 million ounce gold resource at the Leonora project in Western Australia.

Kin also aims to repay and retire the remainder of the Sprott credit facility.

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Fri, 20 Jul 2018 10:11:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201187/kin-mining-s-substantial-shareholder-demonstrates-support-for-gold-strategy-201187.html
<![CDATA[News - Kin Mining’s gold strategy attracts German substantial shareholder ]]> https://www.proactiveinvestors.com.au/companies/news/200314/kin-minings-gold-strategy-attracts-german-substantial-shareholder-200314.html Kin Mining NL’s (ASX:KIN) gold strategy has attracted interest from Germany with a business management consultant becoming a substantial shareholder.

Delphi Unternehmensberatung Aktiengesellschaft (AG), of Heidelberg, participated in the company’s recent share placement and now has a 7.19% interest.

There were more than 22.7 million shares purchased by Delphi at 11 cents each for total consideration of $2.5 million.

READ: Kin Mining concludes rights issue shortfall to secure additional funding

Almost $9 million was raised from Kin’s placement and subsequent shortfall issue.

These funds will be used to undertake exploration programs to expand the plus-1 million ounce gold resource at the Leonora project in Western Australia.

Kin also aims to repay and retire the remainder of the Sprott credit facility.

Wilhelm Zours major shareholder

Wilhelm Zours is the major shareholder of Delphi and is also chairman of investment company Deutsche Balaton AG, a role he has held since June 25, 2004.

The prominent German executive is active on the supervisory board of Beta Systems Software AG, Sparta AG and Strawtec Group AG.

He is also a board member at VV Beteiligungen AG.

Zours, through Delphi, Deutsche Balaton and VV Beteiligungen, has recently been active in other Australian resources investments.

Azure Minerals investment

These entities have increased their interest in Mexican focused precious and base metals explorer Azure Minerals Limited (ASX:AZS) to 11.13% from 10.11% through a series of on-market purchases.

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Mon, 09 Jul 2018 09:29:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200314/kin-minings-gold-strategy-attracts-german-substantial-shareholder-200314.html
<![CDATA[News - Kin Mining concludes rights issue shortfall to secure additional funding ]]> https://www.proactiveinvestors.com.au/companies/news/200089/kin-mining-concludes-rights-issue-shortfall-to-secure-additional-funding-200089.html Kin Mining NL (ASX:KIN) has completed the allotment and issue of shares pursuant to its fully underwritten non renounceable 1:3 rights issue at 11 cents per new share.

READ: Kin Mining raising $11.3 million as drilling in Leonora continues to deliver high-grade gold

The allotment of 8,450,437 shares represents the final tranche of shares available under the rights Issue and the rights Issue is now closed.

Last week, Kin revealed positive results from drilling at the Helens Prospect, part of its Cardinia Gold Project in the Eastern Goldfields of Western Australia.

The Helens drilling program is focused on understanding the primary gold mineralisation below the Helens Main and Helens South open pits.

READ: Kin Mining’s drilling program at Helens strikes further gold mineralisation

Kin intersected consistent, primary mineralisation at Helens Main including:

• 9 metres at 1.7 g/t gold from 81 metres and 10 metres at 2.2 g/t gold from 122 metres; and
• 8 metres at 1.8 g/t gold from 154 metres.

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Wed, 04 Jul 2018 15:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200089/kin-mining-concludes-rights-issue-shortfall-to-secure-additional-funding-200089.html
<![CDATA[News - Kin Mining’s drilling program at Helens strikes further gold mineralisation ]]> https://www.proactiveinvestors.com.au/companies/news/199839/kin-minings-drilling-program-at-helens-strikes-further-gold-mineralisation-199839.html Kin Mining NL (ASX:KIN) has revealed positive results from drilling at the Helens Prospect, part of its Cardinia Gold Project in the Eastern Goldfields of Western Australia.

The Helens drilling program is focused on understanding the primary gold mineralisation below the Helens Main and Helens South open pits.

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

Kin has intersected consistent, primary mineralisation at Helens Main including:

• 9 metres at 1.7 g/t gold from 81 metres and 10 metres at 2.2 g/t gold from 122 metres; and
• 8 metres at 1.8 g/t gold from 154 metres.

High grade oxide and primary mineralisation intersected at Helens South include:

• 5 metres at 15.9 g/t gold from surface; and
• 8 metres at 3.9 g/t gold from 71 metres.

The Helens drilling program consists of 17,500 metres of drilling in three stages.  Stage 1 drilling is due for completion by mid-July, with 7,276 metres completed to date.

Feeding into an updated resource estimate

Significantly, mineralisation has been encountered over 1,500 metres of strike length down to a maximum vertical depth of 140 metres below surface.

The new geological interpretation unfolding with the stage 1 drilling will feed into an updated resource expected to be completed by late August or early September dependent upon drilling progress.

READ: Kin Mining raising $11.3 million as drilling in Leonora continues to deliver high-grade gold

The company’s rights issue (one new share for every three shares held) at an issue price of 11 cents per new share closed on 26 June 2018.

The rights issue is fully underwritten by Euroz Securities Ltd who are presently managing the shortfall in accordance with the underwriting agreement.

Upon completion of the rights Issue, the total funds raised will be about $8.9 million.

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Fri, 29 Jun 2018 14:46:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199839/kin-minings-drilling-program-at-helens-strikes-further-gold-mineralisation-199839.html
<![CDATA[News - Kin Mining raising $11.3 million as drilling in Leonora continues to deliver high-grade gold ]]> https://www.proactiveinvestors.com.au/companies/news/197879/kin-mining-raising-113-million-as-drilling-in-leonora-continues-to-deliver-high-grade-gold-197879.html Kin Mining NL (ASX:KIN) is undertaking a fully underwritten share placement and entitlement offer at 11 cents per share to raise about $11.3 million.

The funds will primarily be used undertake exploration programs to expand the Leonora Gold Project resource ($3.8 million) and to repay the Sprott facility ($6.7 million).

The Leonora Gold Project already contains a resource of more than 1 million ounces of gold, located within the highly endowed and operationally active Leonora gold region in Western Australia.

Leonora Gold Project hosts the Mertondale, Cardinia and Raeside Gold deposits

Intersecting consistent, high grade gold mineralisation

Kin’s drilling is continuing to deliver high-grade results at the project, including:

• 10 metres at 3.27 g/t gold from 86 metres;
• 18 metres at 3.08 g/t gold from 90 metres;
• 5 metres at 2.95 g/t gold from 75 metres; and
• 3 metres at 3.56 g/t gold from 80 metres.

Kin chief executive officer Andrew Munckton said: “The consistent, high-grade zone quickly shaping up between and below the planned open pits at Helens, is an exciting development for the Leonora Gold Project.

“The potential to extend the existing resources into the fresh rock has positive implications for future mine planning and project economics.”

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

Munckton added: “Our next phase of drilling at Helens is currently being planned and we expect further results from this area early in the September quarter.

“The other areas of the project, including Mertondale and Bruno-Lewis also hold deeper drilling potential which will be further assessed as drilling results come to hand.”

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Wed, 30 May 2018 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197879/kin-mining-raising-113-million-as-drilling-in-leonora-continues-to-deliver-high-grade-gold-197879.html
<![CDATA[News - Kin Mining to boost cash position for Leonora Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/197752/kin-mining-to-boost-cash-position-for-leonora-gold-project-197752.html Kin Mining NL (ASX:KIN) remains focused on it Leonora Gold Project in Western Australia, which has a resource base of more than 1 million ounces of gold.

To advance the next steps, Kin is now heading to market with a capital raising.

READ NOW: Kin Mining continues to work on optimising Leonora Gold Project

The halt will remain in place until the opening of trade on Wednesday 30 May 2018, or earlier if an announcement is made to the market.

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Mon, 28 May 2018 09:45:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197752/kin-mining-to-boost-cash-position-for-leonora-gold-project-197752.html
<![CDATA[News - Kin Mining continues to work on optimising Leonora Gold Project ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://www.proactiveinvestors.com.au/companies/news/157398/kin-mining-to-update-on-funding-and-exploration-65830.html