Kingsrose Mining Limited is an ASX listed specialist high grade, narrow vein underground gold miner. The Company has an 85% interest in the Way Linggo Project in South Sumatra, Indonesia.
The Project is held under a 100km2 4th generation Contract of Work (CoW) with the Indonesian Government and is located on the mineral rich Trans-Sumatran Fault, part of the Pacific Rim of Fire. The Project has established infrastructure with a 140Ktpa Merrill Crowe gold circuit and has a track record of high grade, low cost gold production from the original Way Linggo mine.
The Company is currently producing from its second mine on the Project area - Talang Santo, which, based on current development is pointing to being a significantly larger mineralised system than that seen at the Way Linggo Mine. In addition, significant exploration upside exists on the wider Project area with numerous high priority targets identified. A systematic and disciplined exploration program has been implemented over the last 12 months which has yielded early stage success with gold veins identified undercover and encouraging results from a recent orientation drilling program testing blind mineralisation.
Kingsrose conducts its operations in a socially responsible manner and strongly believes in providing education and employment opportunities for the communities in which we operate. Our non mechanised mining methods have minimal surface impact and we uphold the highest environmental and safety standards.