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Kingston Resources Ltd. ( (AU:KSN) ) has shared an update.
Kingston Resources Limited has received an initial $50 million cash payment from Ok Tedi Mining Limited as part of a $95 million transaction to divest the Misima Gold Project in Papua New Guinea. This transaction strengthens Kingston’s financial position, enabling debt repayment, increased investment in Mineral Hill, and plans for copper production in 2026, while maintaining exposure to Misima through deferred payments and royalties.
More about Kingston Resources Ltd.
Kingston Resources Limited is an Australian company operating in the mining industry, primarily focused on copper and gold production. The company is engaged in exploration and development projects, with a market focus on expanding its operating footprint and delivering long-term shareholder returns.
Average Trading Volume: 2,566,507
Technical Sentiment Signal: Buy
Current Market Cap: A$116.7M
Learn more about KSN stock on TipRanks’ Stock Analysis page.