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Kingston Resources Ltd. ( (AU:KSN) ) has shared an update.
Kingston Resources Ltd. has announced a significant growth strategy for its Mineral Hill project, following the sale of its Misima Gold Project. With a $50 million cash inflow, the company plans to undertake its largest exploration program in decades, focusing on expanding ore feed and increasing processing rates. This initiative includes up to 40,000 meters of drilling and comprehensive geophysical and geochemical surveys. The company aims to enhance its operational cash flow and resource base, with underground mining set to commence in the December quarter of 2025. Kingston is also exploring regional third-party ore feed and potential mill expansion to maximize the value of its processing plant.
More about Kingston Resources Ltd.
Kingston Resources Ltd. is a company operating in the mining industry, focusing primarily on the exploration and production of gold and copper. The company is strategically positioned in eastern Australia and is committed to expanding its mineral resources and processing capabilities.
Average Trading Volume: 2,422,837
Technical Sentiment Signal: Buy
Current Market Cap: A$109.2M
For a thorough assessment of KSN stock, go to TipRanks’ Stock Analysis page.