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ÂKIN MINING NL ASX : KIN ASX Announcement 21 October 2021 SEPTEMBER 2021 QUARTERLY ACTIVITIES REPORT Cardinia Gold Project Mineral Resource rises to 1.28Moz following upgrade for Cardinia Hill ASX - 200 gold producer St Barbara emerges as a 19.8 % shareholder in Kin Mining Highlights : • Mineral Resource Estimate completed for the Cardinia Hill deposit of 2.2Mt at 1.5g / t Au for 106koz . Cardinia Gold Project MRE now stands at 31.1Mt at 1.27g / t Au for 1.28Moz . • New zones of high - grade gold mineralisation discovered at Rangoon . Highlights include : о 3m at 21.1g / t Au from 98m ( RN21RC093 ) ○ 3m at 8.40g / t Au from 106m ( RN21DD081 ) • Strong results from RC drilling at Eagle - Crow : о 17m at 3.78g / t Au from 43m ( CW21RC013 ) O ○ 6m at 4.19g / t Au from 13m ( CW21RC011 ) ○ 3m at 2.03g / t Au from 29m ( CW21RC006 ) 5m at 3.10g / t Au from 55m ( EG21RC446 ) • Air - core drilling results from Mount Flora include : о 8m at 3.75g / t Au from 32m ( MF21AC710 ) ○ 4m at 4.34g / t Au from 12m ( MF21AC760 ) о 16m at 1.16g / t Au from 24m ( MF21AC715 ) ○ 4m at 1.30g / t Au from 24m ( MF21AC719 ) Corporate • St Barbara Limited ( ASX : SBM ) becomes a substantial shareholder with a 19.79 % stake . • Entitlement Offer to raise $ 12.9 million at 10.5c / new share to progress Stage 5 exploration at the CGP OVERVIEW The September Quarter has been another extremely active and positive period for Kin Mining NL ( Kin or the Company ) ( ASX : KIN ) , with drilling programs delivering positive results across the Company's flagship 100 % - owned Cardinia Gold Project ( CGP or the Project ) in Western Australia ( Figure 1 ) . Highlights included an updated Mineral Resource Estimate for the Cardinia Hill deposit , as well as positive drilling results which further upgraded the prospectivity of the regional Mount Flora and Iron King prospects . Kin Mining Managing Director , Andrew Munckton , said : " Our ongoing drilling programs at the Cardinia Gold Project have continued to highlight its potential to host a significant long - term gold mining operation , with a string of positive results across the ASX Code : KIN Shares on issue : 799.2 million Market capitalisation : $ 104 million Cash : $ 3.48 million ( 30 September 2020 ) Kin Mining NL 342 Scarborough Beach Road Osborne Park WA 6017 P : +61 9 9242 2227 E info@kinmining.com.au kinmining.com.au