Prospectus - Kingsrose Mining

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Section 8 Independent Geologist’s Report Drill investigation below the Sand Queen /Gladsome and to the north confirms that this mineralisation is open both along strike and at depth to at least 400m below ground level. Drilling of the newly identified Princess Grace resource, located adjacent to the Sand Prince West lode, some 250m southwest of the Sand George mineralisation is still in progress. 2. Location and Access The Comet Vale Project is centered about 100km north-northwest of Kalgoorlie in the Menzies District of the North Coolgardie Mineral Field, Western Australia . The project is located on the old mining centre of Comet Vale, and is readily accessible by way of the Goldfields Highway, that passes north from Kalgoorlie to Leonora, through the centre of the project area. Most of the workings are located west of the main road where access within the various leases is provided by numerous tracks and cleared areas resulting from previous mining and exploration activity. Exploration tracks and gridlines provide access to the eastern side of the project area. 3. Tenement Schedule The Comet Vale Project tenements are shown in Table 1 below. Table 1 Tenement Tenement Holder Grant Date Comments M29/35 Reed Resource Ltd – 100% 28 Jan ‘87 M29/52 “ 18 May ‘88 M29/85 “ 12 Jan ‘89 M29/185 “ 25 Jun ‘99 M29/186 “ 24 Nov ‘06 M29/197 “ 25 Oct ‘02 M29/198 “ 25 Oct ‘02 M29/199 “ 25 Oct ‘02 M29/200 “ 25 Oct ‘02 M29/201 “ 25 Oct ‘02 M29/232 “ 25 Oct ‘02 M29/233 “ 24 Sept’02 M29/235 “ 25 Oct ‘02 Repl. E29/163 M29/270 Paddington Gold Pty Ltd Application Repl. 29/1374 M29/321 Reed Resources Ltd – 100% 13 Nov ‘02 P29/1764 Reed Resources Ltd – 100% Application Repl. GML29/6191 L29/67 Reed Resources Ltd – 100% 20 Mar ‘02 E29/614 Reed Resources Ltd – 100% 12 Jul ‘07 E29/670 Reed Resources Ltd – 100% Application E29/603 Reed Resources Ltd – 100% Application The tenements the subject of the joint venture are M29/321, M29/52 and Miscellaneous Licence L29/67, (the “Initial Tenements”) (Figure 3). Under certain conditions as set out in the Summary of Material Contracts the other tenements may become subject to a joint venture of similar nature. <strong>Kingsrose</strong> <strong>Mining</strong> Limited is concentrating at the present on the Initial Tenements. Page 22
Figure 3. Project Geology and Tenements 4. Regional Geology The Comet Vale Project area is underlain by mafic-ultramafic volcanic rocks of the Ora Banda Domain together with intrusive granitoids of the Goongarrie Monzogranite to the west and the Comet Vale Monzogranite to the north (Figure 2). The Ora Banda Domain is one of six tectono-stratigraphy domains that make up the Kalgoorlie Terrain and is host to extensive gold mineralisation in gold mining centres that include Ora Banda and Mt Pleasant. Mafic-ultramafic volcanic and metasedimentary rocks together with mafic igneous sills, within the Ora Banda Domain are referred to as Ora Banda sequence. (see Table 2 below). Table 2 Stratigraphy of the Ora Banda Domain after Witt 1990, Swager 1994 and Swager et al 1995 (formations interpreted as occurring in Comet Vale are detailed in bold) Black Flag Group Ora Banda Group Linger and Die Group Kurrawang Formation Spargoville Formation Orinda Sill Pipeline Andesite Member Ora Banda Sill Victorious Basalt Bent Tree Basalt Mt Pleasant Sill Mt Ellis Sill Big Dick Basalt Siberia Komatiite Walter Williams Formation Missouri Basalt Wongi Basalt Page 23
Page 1 and 2: Kingsrose Mining Limited ABN 49 112
Page 3 and 4: Table of Contents Section 1 Key Poi
Page 5 and 6: Section 2 Chairman’s Letter Dear
Page 7 and 8: Application of Proceeds at Full Sub
Page 9 and 10: 4.4 Application for Shares Applicat
Page 11 and 12: Section 5 Company and Project Overv
Page 13 and 14: Section 6 Directors and Corporate G
Page 15 and 16: As the Company’s activities devel
Page 17 and 18: Additionally, tenements are subject
Page 19 and 20: Potential Acquisitions As part of i
Page 21 and 22: In addition, GIPL made independent
Page 23: Figure 2. Regional Geology 1. Intro
Page 27 and 28: 6. Past Exploration up to 1998 The
Page 29 and 30: 1. Proving up gold resources to the
Page 31 and 32: Table 3. Significant Results The su
Page 33 and 34: Holla, L.A., 2001. Geological setti
Page 35 and 36: Conduits Conglomerate Country rock
Page 37 and 38: Lava Limestone Lineament Lithologic
Page 39 and 40: Stockwork Stratabound Stratigraphy
Page 41 and 42: Under the terms of an asset sale ag
Page 43 and 44: APPENDIX 1 ASSETS BEING ACQUIRED AN
Page 45 and 46: To be read in conjunction with the
Page 47 and 48: APPENDIX 2 STATEMENT OF CASH FLOWS
Page 49 and 50: (b) (c) (d) (e) (f) (g) Income tax
Page 51 and 52: Unaudited Proforma 31 August 2007 U
Page 53 and 54: $ $ 10. CONVERTIBLE NOTES - UNSECUR
Page 55 and 56: 2.1 Western Australia Tenements in
Page 57 and 58: included a revised threshold test f
Page 59 and 60: • Compensation may have to be agr
Page 61 and 62: Notes: 1. The tenement is subject t
Page 63 and 64: expenditure will be borne by the pa
Page 65 and 66: Section 12 Additional Information 1
Page 67 and 68: Rights on Winding Up Subject to the
Page 69 and 70: Early Redemption by Noteholder The
Page 71 and 72: Section 13 Director’s Responsibil
Page 73 and 74: Application This Application Form r
Page 75 and 76:
Application This Application Form r
Page 77 and 78:
Airleg miner boring a level drive f
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Prospectus - Kingsrose Mining

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