eda914ee-4ba7-4f16-8a6e-70da7e10d5a3.pdf


21 January 2016

Company Announcements Office Australian Securities Exchange


Quarterly Activities Report and Appendix 5B

for the period ending 31 December 2015


Kingston Resources Limited (ASX: KSN) is pleased to provide the following summary of activities conducted in the December 2015 quarter.


Six Mile Hill Copper-Gold Project: Drilling Completed and Assays received


In late October 2015, drilling was completed at Kingston's Six Mile Hill project with four holes drilled for a total of 2787.8m. All holes reached target depth and successfully explained our targeted geophysical anomalies as dense and magnetic mafic units. Detailed petrophysical measurements of the drill core confirm rocks of high density and magnetic susceptibility. None of the holes reached the base of the Gawler Range Volcanics.


Kingston undertook selective geochemical sampling of prospective intervals based on geological logging of the drill core. Assays did not return any significant results. Kingston and collaborative partners will now undertake detailed analysis of pathfinder trace elements in order to utilise geochemical vectoring methods targeting Iron Oxide Copper Gold (IOCG) style alteration.


Following the completion of drilling, a Curtin University / Deep Exploration Technologies Cooperative Research Centre seismic crew deployed to Six Mile Hill to conduct both surface and down-hole (Vertical Seismic Profile) surveys. The object of the surveys is to establish the depth to the base of the Gawler Range Volcanics. Results are expected in February 2016.


After exposure to the cutting edge technologies and innovative science of the Mineral Systems Drilling Program, Kingston is well placed to advance exploration on the Gawler Craton. Large areas of the Six Mile Hill project remain highly prospective and unexplored, particularly in the northeast of the tenement area. Following detailed analysis of results to date, the focus of exploration will shift to this area.


Government co-funded drilling at Cootanoorina Copper-Gold Project


Preparations continue for drilling at Kingston's Cootanoorina Copper-Gold project south of Oodnadatta. In 2015, Kingston was awarded PACE Discovery Drilling co-founding from the Government of South Australia to test a geophysical target at Cootanoorina.


Kingston has identified a NNW trending gravity feature with a coincident magnetic anomaly lying to the west of the Peake and Denison Inlier, beneath younger sedimentary cover (Figure 1). Numerous historic mines and mineral occurrences appear within the outcropping basement rocks to the east of the project area with mineralisation related to NNW trending structures.


Kingston is planning to drill test our best geophysical target, CT1, in the coming months.


CT1


Figure 1: Residual Detailed Bouguer gravity (2.67g/cc) with contours (0.33 mGal) and CT1 priority target.


Annual General Meeting


The Company's 2015 Annual General Meeting was held on 20 November 2015. All resolutions put to shareholders at that meeting passed unanimously.


Table 1: Tenement Schedule (ASX LR 5.3.3)


Tenement

State

Project

Km2

Ownership

Change since last Quarter

EL 5625

SA

Cootanoorina

508

100%

N/A

EL 5487

SA

Cootanoorina East

311

100%

N/A

EL 5599

SA

Cootanoorina North

24

100%

N/A

EL 4915

SA

Mt Eba

237

100%

N/A

EL 5626

SA

Six Mile Hill

296

100%

N/A

EL 5498

SA

Six Mile Hill East

540

100%

N/A

EL 5591

SA

Six Mile North

131

100%

N/A

EL 5379

SA

Sunset Hill

160

100%

N/A

EL 5011

SA

Myall Creek

381

50%

N/A

EL 5010

SA

Spencer

321

25%

N/A

Farm-In Arrangements as follows:

EL 5309

SA

Cootanoorina

36

Earning in

Farm-In signed 12/7/15

EL 4933

VIC

Orbost

341

Earning in

Farm-In signed 27/1/15


Please refer to the Appendix 5B quarterly commitments report for period ended 31 December 2015.


Dated this 21stday of January 2016. Mr Jonathan Davies

Chairman

Kingston Resources Limited

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report



Appendix 5B

Rule 5.5


Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013



Name of entity

KINGSTON RESOURCES LIMITED (ASX: KSN)


ABN

Quarter ended ("current quarter")

44 009 148 529

31 DECEMBER 2015


Consolidated statement of cash flows



Cash flows related to operating activities

Current quarter

$A'000

Year to date (6 months)

$A'000

1.1

Receipts from product sales and related debtors

-

-

1.2

Payments for (a) exploration & evaluation

  1. development

  2. production

  3. administration

(136)

-

- (111)

(228)

-

- (254)

1.3

Dividends received

-

-

1.4

Interest and other items of a similar nature received

3

4

1.5

Interest and other costs of finance paid

-

-

1.6

Income taxes paid

-

-

1.7

Other (R&D Refund & GAAP funding)

214

214


Net Operating Cash Flows


(30)


(264)


Cash flows related to investing activities


-

-

-


-

-

-

1.8

Payment for purchases of: (a) prospects

  1. equity investments

  2. other fixed assets

1.9

Proceeds from sale of: (a) prospects

  1. equity investments

  2. other fixed assets

-

-

-

-

-

-

1.10

Loans to other entities

-

-

1.11

Loans repaid by other entities

-

-

1.12

Other (provide details if material)

-

-


Net investing cash flows


-


-

1.13

Total operating and investing cash flows (carried forward)


(30)


(264)


+ See chapter 19 for defined terms.


01/05/2013 Appendix 5B Page 1

Kingston Resources Limited issued this content on 21 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 February 2016 15:17:31 UTC

Original Document: http://www.kingstonresources.com.au/wp-content/uploads/2016/01/1517676.pdf