Ann: Kin Mining to Acquire Leonora Gold Project , page-21

re: Ann: Kin Mining to Acquire Leonora Gold P... G'day grantjo, indeed it is back to issue price! I think while the market is trying to work out where the $5 million is coming from, buying support has lessened.

KIN's last announcement has stated that they have completed their DD and have moved forward with paying the deposit on the deal. So it appears the KIN team are still confidently moving forward with the deal.

I've also being doing more of my own DD on the NAV Leonora assets and the more I look into them, the more I like what I'm seeing and have come to the conclusion that if the KIN team pull this deal off it will literally be a company making event.

Following is some of my research. The cross-sections of these Leonora gold projects come from both NAVS 17 May 2012 presentation and their previous 1 April 2009 presentation:

When I spoke to Trevor Dixon regarding these figures above he was very confident in being able to prove up the open pit resource to 1 Moz +

I also came across some good info in a Pre-Feasibility Study that NAV released on these Leonora gold assets in 25 March 2009:

The Pre-Feasibility Study also had some good info on the proposed mining, the metallurgy and infrastructure of these Leonora Gold assets:

As Dan had posted previously, NAV had a successful shot at trial mining of these Leonora assets and the data on this was presented in a presentation put out by NAV on 17 May 2012:

There is obviously a lot more info on these assets via the many ASX releases NAV made on them, however hopefully the above info gives anyone interested a bit of a summary of the significant upside that can be achieved for Kin Mining on the successful completion of this acquisition.