Kingsrose Mining Limited (ASX:KRM) - 08/12/2011

Chris Start, Managing Director

Kingsrose Mining Limited listed on the ASX in December 2007. Kingsrose is a high grade, low cost gold producer generating high cash margins and significant cashflow. The Company owns 85% of the Way Linggo gold mine in Southern Sumatra. Gold production is approaching 45,000 ounces of gold and 500,000 ounces of silver per year at a cash cost of US$150/oz after silver credits.
Kingsrose has recently made a new high grade epithermal vein discovery at Talang Santo, 7km NNE of the Way Linggo mine. The drilling results suggest that the prospect has the potential to be a second mine at the Way Linggo Operation.

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