Kin Mining NL : Finalises Purchase of Lawlers Processing Plant

ASX Code: KIN

29 August 2017 Board of Directors Trevor Dixon

Chairman

Don Harper

Managing Director

David Sproule

Technical Director

Joe Graziano

Non‐Executive Director

& Company Secretary

Kin finalises purchase of Lawlers processing plant Preparations for project development progressing rapidly, with Feasibility Study set for completion this quarter

Kin Mining (ASX: KIN) is pleased to advise that it has finalised and executed the formal Asset Sale Agreement for the acquisition of the Lawlers processing plant from Agnew Gold Mining Company Pty Ltd (Gold Fields), marking another key step towards production and cashflow at its Leonora Gold Project (LGP) in WA.

Contact Details

Post

PO Box 565

Mount Hawthorn Western Australia 6915

Office

342 Scarborough Beach Road Osborne Park Western Australia 6017

Phone

08 9242 2227

Fax

08 9242 1277

Email

[e-mail]

Website

www.kinmining.com.au

Kin will pay Gold Fields $2.5 million for the plant, with the first payment of $1.2 million payable on completion within 10 days and the balance due in 12 months.

Kin believes that the Lawlers plant is ideal for the LGP because it provides a large proportion of the key processing equipment, ancillary items and infrastructure required to establish the project.

The plant, which has been on care and maintenance for 24 months, has a capacity of approximately 800,000tpa. It was decommissioned well by Gold Fields and includes a significant inventory of spare parts. Included in the purchase is the laboratory, warehouse, administration buildings along with plant design and construction drawings, which will save engineering costs and time.

The plant is located approximately 160km by road north of the LGP. Kin intends to move key equipment and infrastructure to the Cardinia Mining Centre at the LGP.

Kin has also secured an option to purchase a used 2.5MW ANI-Ruwolt ball mill from Macca-Interquip (see ASX release dated August 1, 2017).

The installation of a 2.5MW ball mill at the LGP is expected to provide sufficient single-stage primary grinding power to increase milling capacity to 1.2Mtpa.

In addition to the essential drive train components, the 2.5MW mill comes with spare motor, gearbox and pinion along with engineering details which will serve to reduce installation costs. The mill was last used at the Mt McClure gold operation in WA and is in excellent condition.

-ENDS-

Shares on Issue:

167,312,684

Unlisted Options: 21,374,250

ASX: KIN

Investor enquiries: Media enquiries:

Don Harper Paul Armstrong/Nicholas Read

Managing Director, Kin Mining NL Read Corporate

[phone] [phone]

About Kin Mining

Kin Mining NL (ASX: KIN) is an emerging gold development company with a significant tenement portfolio in the North-Eastern Goldfields of Western Australia. The immediate focus of the company is development of the (100% Kin), Leonora Gold Project.

Kin's priority is to complete a Feasibility Study for the LGP during the September 2017 quarter. Drilling is complete with updated Mineral Resources expected in the September 2017 quarter. Metallurgical, geotechnical, and environmental field work is now complete in support of the Definitive Feasibility Study, which will form the basis for a decision to mine.