Kingston Project

KingX holds 12 contiguous pending tenements in the southern Earaheedy Basin on the margin of the Yilgarn craton 120 km northeast of Wiluna, as shown in Figures 4 and 5. The ground holding totals 965 blocks prospective for sedimentary manganese and iron ore deposits. A full tenement list is shown below. KingX holds 4 granted tenements and eight applications.  Historic exploration has been limited with the potential for manganese only recognized over the last few years.

Prospect mapping undertaken by geologists demonstrats that manganese occurs at several stratigraphic levels within the basin over 120 kilometres of strike. High grade assays have been received with grades up to 45.5% manganese. 78 rockchip samples were collected from the Kingsland Prospect on the eastern tenement E38/2213.  This prospect has a strike length of 1 kilometre with 25 of the 78 samples returning high grade manganese above 40%.  This prospect, along with several other areas of manganese outcrop, requires low cost geophysical surveys to define drill targets.

It is believed further manganese targets exist under cover at the junction of prospective stratigraphy with large regional structures. An airborne electromagnetic survey would be necessary to delineate target zones at these locations.

The Earaheedy Basin is considered analogous to the Kalahari Manganese field in South Africa as the two basins are of a similar age, coincident with a major episode of manganese deposition in the Palaeoproterozoic period (approximately 2,000 million years ago). The parallels between the Earaheedy and Kalahari continue with the comparison of hydrothermal events within the basins. High grade manganese deposits within the Kalahari basin are a result of the transport of manganese from primary sediments due to circulating hydrothermal waters into structural taps. A similar pattern has been observed in the Earaheedy basin with hydrothermal fluids responsible for outcropping high grade manganese.

The similarities between the Kalahari and the Earaheedy Basins is important to the Kingston Project as the Kalahari is reported as having greater than 50% of the world’s known manganese resources, with grades regularly over 40% and basin wide estimated resource of 360 million tonnes at > 40% Manganese.[1]

If the analogue is correct and the Earaheedy Basin has the potential to contain an average or greater size deposit, then an exploration target of one or more 50M tonne ore deposits grading 30% Mn is a realistic possibility.  The Company advises that this is an exploration target only and the potential quantity and grade is conceptual in nature.  There has been insufficient exploration completed to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource

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