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Kingsgate Consolidated Ltd.

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Summary

Project:

Nueva Esperanza

Deposit:Nueva Esperanza
Location:Chile
Commodities:Gold-Silver
Date:10/7/2016
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Feasibility Study
Report details:7-10-2016: Kingsgate Consolidated Ltd. announces a Resource Estimation report for its Nueva Esperanza deposit at the Nueva Esperanza project. Annual statement of resources and reserves, unchanged since last estimate. Kingsgate Consolidated Limited (ASX:KC
Resources:(Reserve, Prob.): 17.1Mt @ 0.5g/t Au, 87g/t Ag (2.0g/t AgEq.) at project
CP/QP:[Overall Report]: n/a (n/a)
ABSTRACT:Kingsgate Consolidated Limited (ASX:KCN) (“Kingsgate” or the “Company”) wishes to advise that it has updated its Mineral Resources and Ore Reserves for the period ending 30 June 2016. The update takes into account mining depletion and current economic and operational assumptions. Reflecting the importance of silver, Mineral Resources and Ore Reserves are quoted for gold, silver, and on a gold equivalent (AuEq) basis. The Mineral Resource and Ore Reserve estimates have not changed from the previously reported ASX announcements titled “Nueva Esperanza Resource Update” dated 14 April 2016, and the “Nueva Esperanza Pre-Feasibility Study” dated 14 April 2016. The Mineral Reserve and Resource estimates have been reported according to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2012). Supporting information including Table 1 for the Nueva Esperanza Resource and Reserves can be found in the ASX:KCN releases mentioned above.

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