Kingston Resources in trading halt pending shortfall news from rights issue
The company’s securities will be placed in trading halt until Monday August 19 or when an announcement is made to market.
Company
Kingston Resources Ltd
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.
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Kingston Resources starts drilling targeting maiden gold resource
The Kingsley prospect will be targeted which was discovered by shallow aircore drilling in 2018 that intersected 4 metres at 76.25 g/t gold.
Kingston Resources to drill Kingsley gold prospect with maiden JORC potential
The 800-metre long prospect was discovered by shallow aircore drilling in 2018.
Kingston Resources confirms significant gold drilling results at Ewatinona deposit
Drilling is continuing at additional targets in the Quartz Mountain area as part of an ongoing surface exploration program.
Kingston Resources capital raisings fund drilling and results
The company's key asset is the 2.8 million-ounce Misima Gold Project in Papua New Guinea with another gold project in Australia.
Kingston Resources chairman purchases 5 million shares on market
Current exploration work at the Misima Gold Project aims to deliver near surface mineralisation, as these are likely to have the largest impact on overall project economics.
Kingston Resources board members participate in rights issue
In a strong sign of support for the company and its future, four board members have increased their shareholdings.
Kingston Resources substantial shareholder Winchester Investments increases stake to 10.85%
The company raised nearly $1 million in its rights issue to fund gold exploration at its PNG and WA projects.
Kingston Resources raises nearly $1 million in rights issue to fund further gold exploration
Funds raised in the rights issue will be used to further exploration work at the Livingstone and Misima projects.
Kingston Resources completes drilling program targeting near-surface gold mineralisation at Misima project in PNG
Further drilling and technical studies are planned to boost Misima’s reserve base with near-surface ounces.
Kingston Resources completes share placement, raises $4.3 million
The proceeds of the placement will be used to advance drilling at the company’s two gold exploration projects.
Kingston Resources adds Winchester Investments investor Ian Ingram as significant shareholder
The lawyer has a controlling interest in Winchester which holds 9.16% of shareholder votes in Kingston.
Kingston Resources gains two new substantial holders with a combined interest of nearly 22%
The company is working towards conducting a regional drilling program as well as extensional drilling at its Misima Gold Project in Papua New Guinea.
Kingston Resources secures $4.3 million in placement, rights issue to follow
Funds raised will be primarily used to advance exploration activities at the Misima Gold Project in Papua New Guinea.
Kingston Resources in trading halt ahead of capital raising news
The company’s securities are in a halt until an announcement is made to the market or until the beginning of trade on May 3, 2019.
Kingston Resources estimates March quarter spend will increase interest in PNG gold project
Umuna drilling results during the March quarter returned 56 metres at 1.01 g/t gold and 7.1 g/t silver.
Kingston Resources increases interest in Misima Gold Project in Papua New Guinea
The company has consolidated its focus on two gold assets – the Misima project in PNG and Livingstone project in Western Australia’s mid-west.
Kingston Resources focused on advancing gold assets in Papua New Guinea and WA
The company is positioning itself as the next low-cost, large-scale gold prouder in the Asia Pacific.
Kingston Resources finds large low-grade gold stockpile at Misima project in PNG
The company has set an exploration target for the dump of 3.6 million tonnes at 0.5 to 0.7 g/t gold for 58,000 to 81,000 ounces.
Kingston Resources intersects high-grade gold at Misima project in Papua New Guinea
The company’s exploration strategy is now firmly focused on discovering and defining near-surface satellite mineralisation at prospects including Ginamwamwa, Quartz Mountain and Ara Creek.