Kingsrose Mining (KRM)

Shares / Stock Code

KRM

Stock Exchange / Sharemarket

Australian Securities Exchange

Kingsrose Mining (KRM) is an Australia-based company engaged in the development and mining at the Comet Vale Mine, Kalgoorlie, in conjunction with Reed Resources Limited, pursuant to a joint venture arrangement. It was listed on the Australian stockmarket (ASX) on 7 December, 2007.

In February 2009, the Company acquired MM Gold Pty Ltd. The Company completed its acquisition of the majority interest of Way Linggo gold/silver mining project in February 2009. The project is located on the island of Sumatra, Indonesia. Kingsrose owns 85% of Indonesian company PT Natarang Mining.

Way Linggo Project

The Way Linggo Project comprises the development of an underground mine to exploit, initially, a high-grade epithermal quartz vein, known as the "North Vein". The Project is at an advanced development stage and is located in a highly prospective epithermal geological setting. Various other highly prospective targets have been identified and will form the basis of an extensive exploration program, both near mine and regionally.

The Project is undertaken by the 85% subsidiary of the Company, PT Natarang Mining, pursuant to a 4th generation Contract of Work agreement with the Indonesian government.

SARINC Project

Kingsrose Mining Ltd reached agreement in December 2009 with the semi-autonomous government of the island of Sardinia (a part of Italy) to conduct a pre-feasibility study on re-processing the massive tailings deposits located in the south-west of the Island, the result of many centuries of mining zinc, lead and silver in one of the largest historic mining districts in Europe. Sardinia is located in the middle of the Mediterranean Sea (approximately 350km south-west of Rome) and is around 24,000km2 in size.

The Project has been named SARINC, a name with a dual meaning. It represents SAR (Sardinia) and INC (Zinc) as well as standing for Sardegna-Ambiente-Recupero Inc. (Sardinia-Environment-Recovery Inc)

Kingsrose Mining (KRM) Products and Services

  • Gold exploration and mine development

Kingsrose Mining (KRM) Locations and Subsidiaries

Kingsrose Mining Head Office
Suite 9, Level 2, 12-14 Thelma Street,
WEST PERTH, WA, AUSTRALIA, 6005
Phone: (08) 9486 1149
Fax: (08) 9486 1511

Kingsrose Mining (KRM) Share Price

Submitted by ASX Listed Company on 10 May, 2010 - 22:05