Kingsrose Mining Limited Commissioning Of Process Plant At Way Linggo Gold/Silver Project Is Proceeding Well And Near Completion

09:56 AEST Aug 10, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.

Perth, Australia (ABN Newswire) - The Board and management of Kingsrose Mining Limited (ASX: KRM) and its 85% owned operating subsidiary, PT Natarang Mining, are pleased to report that the commissioning of the process plant at the Way Linggo Gold/Silver Project is proceeding well and near completion.

Further analysis has shown that the ore has impressive mineral characteristics with respect to gold sizing distribution and is amenable to rapid leaching. For medium grade ore, 54% of gold content is reporting to <150 micrometre fraction and the rate for high grade ore is 41%. This has favourable outcomes in terms of higher throughput rates as well lower processing costs.

There is currently 25,700 tonnes of ore stockpiled on surface contained gold and silver worth around US$21 million at current metal prices.

Below is a summary of the commissioning status of the various plant processes:

- Crushing circuit - 100%

- Milling circuit - 100%

- Leach circuit - 100%

- CCD thickener circuit - 100%

- Merrill Crowe circuit - working but flow rate modifications not yet finalised

- Gold Room - 100%


About Kingsrose Mining Limited:

Kingsrose Mining Limited (ASX:KRM) is an Australia-based company engaged in the development and mining at the Comet Vale Mine, Kalgoorlie, in conjunction with Reed Resources Limited, pursuant to a joint venture arrangement. In February 2009, the Company acquired MM Gold Pty Ltd. The Company completed its acquisition of the majority interest of Way Linggo gold/silver mining project in February 2009. The project is located on the island of Sumatra, Indonesia. Kingsrose owns 85% of Indonesian company PT Natarang Mining.



Contact:

John Morris
Kingsrose Mining Limited
Tel: +61-8-9486-1149
Fax: +61-8-9486-1151
Email: info@kingsrosemining.com.au
www.kingsrosemining.com.au