Company
ASX:KSN
Kingston Resources Ltd (ASX:KSN) is a gold and copper company, operating the Mineral Hill mine in Cobar, NSW and advancing the 3.8Moz Misima Gold Project in PNG.
167 stories · page 3 of 9
“We are delighted to be working with PURE Asset Management (Resources Fund), who has recognised the opportunity at Mineral Hill. Through enabling the acceleration of the work programs required to restart mining, this funding package is set
“The board, in consultation with ICA Partners, looks forward to investigating opportunities to advance the company’s interest in Misima by identifying, evaluating and entering into potential strategic transactions relating to the long-term
Results received from the remaining four of five diamond drill holes at the Pearse North deposit confirm the presence of significant gold and silver mineralisation down-dip and outside the current ore reserve pit shell.
The company’s DFS outlines a significant Asia-Pacific gold operation with compelling project economics, long life and “outstanding” growth potential.
“After the early success Kingston has already achieved with the Pearse North drilling we are very pleased to now also be delivering exciting results from the initial holes in our SOZ drilling program,” says MD.
“We are very pleased to report that our exploration efforts since acquiring Mineral Hill in January have identified a number of compelling new targets that display strong geophysical similarities to the known deposits at the mine,” says MD
“We are very excited to be able to share such positive results from our initial drilling campaign so soon after completing the acquisition earlier this year,” says MD.
“During February we saw the results of several steps taken to ensure that throughput increased to targeted rates and in March we are seeing an increase in recoveries associated with processing ore from deeper in the tailings facility,” says
“Following the completion of the Mineral Hill Project acquisition on January 18, we are delighted to now be in a position to commence exploration drilling to support our ambition of re-commencing mining operations at Mineral Hill,” says MD.
Today's announcement signals the official completion of the company's capital fundraising for the acquisition of the Mineral Hill Mine in New South Wales, with funds also flowing to the continued development at the Misima Gold Project in PN
The acquisition delivers immediate gold production, cash flow and strong gold and copper exploration opportunities in a Tier-1 mining district.
The acquisition delivers immediate gold production, cash-flow and strong gold and copper exploration opportunities in a Tier-1 mining district.
The ASX lister will hand over its 75% interest in the WA gold camp for upfront consideration of $2.5 million in cash and $1 million worth of Metal Bank shares.
The acquisition delivers immediate gold production, cash flow and strong gold and copper exploration upside in a Tier-1 mining district within the Cobar Basin.
Kingstone Resources is divesting its 75% interest in the Livingstone Gold Project in Western Australia, following a share purchase agreement with Metal Bank Ltd.
The transaction represents an opportunity for Kingston shareholders to realise significant value for the exploration work completed at Livingstone to date while retaining exposure to its future exploration upside as Metal Bank seeks to expa
The rising gold developer is focused on two key projects in the Asia Pacific, with a definitive feasibility study for its flagship brownfields gold asset expected before year’s end.
“This is a great result for Kingston shareholders, with the substantial upgrade in resource classification firmly establishing Misima as one of the most exciting new mid-tier gold development opportunities in the Asia-Pacific region,” says
"Recent work has opened up the prospectivity of the entire tenement package outside of the focused exploration areas targeted by previous explorers," says MD.
The Misima Gold Project in PNG also offers potential for additional resource growth through exploration success targeting extensions and additions to the current resource base.
