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Kingston Resources Ltd. ( (AU:KSN) ) just unveiled an update.
Kingston Resources Limited has announced a significant expansion strategy for its Mineral Hill project, following the sale of its Misima Gold Project. The company plans to invest heavily in exploration, with up to 40,000 meters of drilling over two years, and implement new leadership to enhance site-level growth and development. This initiative includes fast-tracking underground mining, expanding the growth pipeline, and potentially increasing the processing capacity of the Mineral Hill plant. These efforts are expected to bolster Kingston’s financial position and operational capabilities, positioning the company for long-term growth in the copper and gold sectors.
More about Kingston Resources Ltd.
Kingston Resources Limited is an Australian company operating in the mining industry, focusing primarily on copper and gold production. The company is known for its strategic investments and development projects aimed at expanding its ore feed and increasing processing rates to maximize cash flow.
Average Trading Volume: 1,883,124
Technical Sentiment Signal: Buy
Current Market Cap: A$109.2M
Learn more about KSN stock on TipRanks’ Stock Analysis page.