NEW YORK, Aug. 9, 2012 /PRNewswire/ -- Dahlman Rose & Company, LLC, a leading investment bank specializing in the global natural resources supply chain, has announced its sponsorship as Principal American Liaison (PAL) for Sydney-based Kingsrose Mining Limited (ASX: KRM) on the OTCQX International Platform under the symbol KGRSY, effective July 25, 2012.
Kingsrose Mining Limited is a specialist high grade, narrow vein underground gold miner.
"We are excited to be working with Kingsrose Mining to enhance and broaden its exposure to the US Markets. Dahlman Rose's OTCQX Markets Group continues its commitment to Australian issuers cross-listing on the OTCQX International market," said Chris Weekes, Co-Head OTCQX Markets Group.
As part of Dahlman Rose's Principal American Liaison sponsorship, the firm has been retained to provide a suite of services and will provide the PAL compliance function for Kingsrose Mining Limited's listing on the OTCQX International. Dahlman Rose's suite of services distinguishes its PAL sponsorship program by providing unique insights about the U.S. market environment and the highest level of aftermarket service to its clients.
ABOUT DAHLMAN ROSE & CO.
Dahlman Rose & Co., LLC (MEMBER: FINRA/SIPC) is a research-driven investment bank focused on energy, transportation, infrastructure, and other industries that compose the global supply chain. The firm's industry-leading analysts, bankers, and traders offer unique insight into the companies and markets that provide the building blocks of the global economy. Dahlman Rose provides institutional sales and trading, equity research, mergers and acquisitions advisory, and underwriting services. For more information regarding Dahlman Rose, please visit www.drco.com.
ABOUT KINGSROSE MINING LIMITED
Kingsrose Mining Limited is a gold producer that has an 85% interest in the Way Linggo mine in South Sumatra, Indonesia. The project has emerged as a small but profitable miner from its high grade gold and silver mine, largely due to its low operating costs. The Way Linggo mine hosts a JORC compliant resource of 710,000 tonnes with a grade of 10.24g/t gold containing 230,030 ounces and 135.6g/t silver containing 3,076,800 ounces, and is targeting production of 45,000 ounces of gold and 400,000 ounces of silver per annum at cash costs of < US$300oz after silver credits.
Kingsrose owns a 4th generation contract of work (mining title of 10,000 hectares) in Indonesia which regionally sits on the pacific rim of fire and in close proximity to the Trans-Sumatra Fault. Kingsrose has recently made a second high grade epithermal gold discovery at its Talang Santo Prospect, 7km NNE of the Way Linggo mine and has already commenced trial mining of that ore system to supplement and sustain its gold production. Kingsrose is currently pushing ahead with a $14 million exploration program over the next 12 months, utilizing 12 diamond drilling rigs to explore 17 prospects for a potential 3rd mining front. At the end of the June 2012 quarter, Kingsrose has $34 million in cash and bullion.
For more information please visit www.kingsrosemining.com.au
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SOURCE Dahlman Rose & Co., LLC