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Kingston Resources Ltd. (AU:KSN)
ASX:KSN

Kingston Resources Ltd. (KSN) AI Stock Analysis

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AU:KSN

Kingston Resources Ltd.

(Sydney:KSN)

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Neutral 59 (OpenAI - 5.2)
Rating:59Neutral
Price Target:
AU$0.12
▲(0.00% Upside)
The score is primarily supported by solid top-line growth and a conservative balance sheet, with technicals also showing moderately positive momentum. It is held back most by weak profitability and deteriorating free cash flow, alongside limited valuation support due to losses (negative P/E) and no dividend yield data.
Positive Factors
Revenue Growth
Sustained double‑digit revenue expansion demonstrates the company is successfully advancing its projects and commercial activity. Durable top‑line growth increases optionality to fund exploration and development internally, attract partners, and improve scale economics over the medium term.
Conservative Balance Sheet
A low leverage profile and strong equity base provide balance‑sheet flexibility to fund project work, weather commodity cycles, and avoid near‑term refinancing pressure. This structural strength reduces insolvency risk and supports long‑dated project development plans.
Gross Margin Strength
A robust gross margin indicates the core asset or operations generate attractive unit economics. If maintained, this allows the company to absorb operating costs, improve operating leverage as volumes rise, and convert revenue growth into sustainable operating profits over time.
Negative Factors
Weak Profitability
Despite top‑line gains, the firm struggles to translate revenue into profits due to elevated operating costs and thin EBIT. Persistently weak margins will limit internal funding for growth and reduce resilience to cost or commodity shocks until expense structure or scale improves materially.
Deteriorating Free Cash Flow
A sharp drop in free cash flow and negative conversion metrics signal difficulty turning earnings into discretionary cash. Structurally weak FCF raises reliance on external financing for development, increasing dilution or leverage risk and constraining long‑term capital allocation flexibility.
Negative Returns on Equity
Negative ROE despite a strong equity base shows the company is not yet delivering value from invested capital. Over the medium term, sustained negative returns can pressure stakeholder support and limit ability to raise capital on favorable terms until project returns improve.

Kingston Resources Ltd. (KSN) vs. iShares MSCI Australia ETF (EWA)

Kingston Resources Ltd. Business Overview & Revenue Model

Company DescriptionKingston Resources Limited engages in the exploration and evaluation of mineral properties in Australia. The company's projects include the Misima Gold project located in the Solomon Sea and Mineral Hill Mine project located in New South Wales. Kingston Resources Limited was incorporated in 1985 and is based in North Sydney, Australia.
How the Company Makes MoneyKingston Resources generates revenue primarily through the exploration and development of its mining projects, particularly in gold production. The company raises funds through equity financing, joint ventures, and partnerships with other mining firms, which allows it to finance exploration activities and advance its projects towards production. Additionally, any gold produced may be sold on the open market, contributing directly to revenue. Significant partnerships with other mining companies can also enhance its capabilities and market reach, providing further opportunities for income generation.

Kingston Resources Ltd. Financial Statement Overview

Summary
Strong revenue growth supports the outlook, and the balance sheet is stable with low leverage. However, profitability remains weak (negative net margin, very low EBIT margin) and free cash flow declined materially, limiting the overall financial score.
Income Statement
65
Positive
Kingston Resources Ltd. has shown impressive revenue growth of 59.62% in the latest year, indicating strong top-line expansion. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -5.15%. The gross profit margin is healthy at 53.08%, but the EBIT margin is low at 0.43%, suggesting high operating expenses. Overall, while revenue growth is a positive sign, the company needs to improve its cost management to enhance profitability.
Balance Sheet
70
Positive
The balance sheet of Kingston Resources Ltd. is relatively stable with a low debt-to-equity ratio of 0.16, indicating conservative leverage. The equity ratio stands at 72.19%, reflecting a strong equity base. However, the company has not been able to generate positive returns on equity, as indicated by negative ROE in recent years. The financial position is stable, but the company needs to focus on improving its return on equity.
Cash Flow
55
Neutral
The cash flow statement reveals challenges in generating free cash flow, with a significant decline of -50.53% in the latest year. The operating cash flow to net income ratio is 0.82, indicating decent cash generation relative to net income. However, the negative free cash flow to net income ratio of -0.81 highlights issues in converting earnings into free cash flow. The company needs to enhance its cash flow management to support future growth.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue48.08M48.08M39.28M44.75M11.90M0.00
Gross Profit25.52M25.52M17.58M23.77M1.09M-39.83K
EBITDA10.33M10.33M7.33M14.26M-1.93M-1.92M
Net Income-2.47M-2.47M-720.00K9.81M-2.09M-1.96M
Balance Sheet
Total Assets135.15M135.15M121.62M111.42M88.59M42.34M
Cash, Cash Equivalents and Short-Term Investments6.30M6.30M8.65M18.48M6.15M11.24M
Total Debt15.49M15.49M9.72M9.63M831.50K51.19K
Total Liabilities37.58M37.58M30.84M34.97M27.46M1.61M
Stockholders Equity97.57M97.57M90.78M76.45M61.13M40.73M
Cash Flow
Free Cash Flow-10.41M-10.41M-17.53M3.87M-16.72M-9.90M
Operating Cash Flow12.90M12.90M5.88M15.49M2.98M-1.39M
Investing Cash Flow-23.28M-23.28M-29.24M-16.78M-21.96M-8.56M
Financing Cash Flow8.28M8.28M13.51M13.91M13.55M14.46M

Kingston Resources Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.12
Price Trends
50DMA
0.12
Negative
100DMA
0.13
Negative
200DMA
0.13
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
43.97
Neutral
STOCH
35.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KSN, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.12, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.97 is Neutral, neither overbought nor oversold. The STOCH value of 35.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:KSN.

Kingston Resources Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
AU$162.10M12.3413.04%4.01%24.48%97.18%
64
Neutral
AU$1.07B25.5822.29%117.95%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
59
Neutral
AU$92.51M-37.10-2.72%22.40%-93.75%
54
Neutral
AU$187.86M-6.54-43.66%46.74%-47.98%
51
Neutral
AU$153.63M-35.54-27.81%-35.98%
48
Neutral
$271.68M-18.30-13.03%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:KSN
Kingston Resources Ltd.
0.12
0.04
47.44%
AU:FML
Focus Minerals Ltd
3.85
3.65
1825.00%
AU:TTM
Titan Minerals Ltd
0.95
0.55
137.50%
AU:RND
Rand Mining Limited
2.85
1.30
84.35%
AU:KAU
Kaiser Reef Ltd
0.34
0.17
97.06%
AU:VTM
Victory Goldfields Limited
1.16
0.80
220.83%

Kingston Resources Ltd. Corporate Events

Kingston Resources Releases Quarterly Video Update on Mineral Hill Operations
Feb 2, 2026

Kingston Resources has released a pre-recorded quarterly update video featuring Managing Director and CEO Andrew Corbett, providing an operational update on the company’s Mineral Hill operations. The video, now available on the company’s website, is intended to inform shareholders and interested parties about recent developments at Mineral Hill and enhance transparency around the project’s current status and performance.

The most recent analyst rating on (AU:KSN) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Kingston Resources Ltd. stock, see the AU:KSN Stock Forecast page.

Kingston Resources Seeks ASX Quotation for 211,122 New Shares
Jan 28, 2026

Kingston Resources Limited has lodged an application with the ASX for quotation of 211,122 new ordinary fully paid shares, effective 28 January 2026. The additional securities arise from the exercise or conversion of existing options or other convertible instruments, modestly increasing the company’s quoted share capital and slightly diluting existing shareholders while providing Kingston with additional equity funding flexibility within its ongoing capital management activities.

The most recent analyst rating on (AU:KSN) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Kingston Resources Ltd. stock, see the AU:KSN Stock Forecast page.

Kingston Resources to Release CEO Video Briefing on December Quarter Results
Jan 22, 2026

Kingston Resources has announced that Managing Director and CEO Andrew Corbett will deliver a pre-recorded video interview discussing the company’s quarterly results for the period ended 31 December 2025, which will be released on 2 February 2026 via the company’s website and social media channels. Shareholders and interested parties are being invited to submit questions in advance to be addressed in the session, underscoring Kingston’s efforts to enhance investor engagement and transparency around its recent operational and financial performance.

The most recent analyst rating on (AU:KSN) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Kingston Resources Ltd. stock, see the AU:KSN Stock Forecast page.

Kingston Resources Posts Positive Operating Cash Flow but Quarterly Cash Balance Declines
Jan 21, 2026

Kingston Resources reported a positive operating cash flow of A$3.0 million for the quarter ended 31 December 2025, driven by A$18.0 million in customer receipts offset by production, staff, and corporate costs. However, the company recorded a net decrease in cash of A$6.1 million over the quarter due to A$8.9 million of net cash outflows from investing activities, including spending on property, plant and equipment and exploration, and modest net outflows from financing. Despite these outflows, Kingston’s year-to-date figures show strong net cash from investing activities largely supported by proceeds from the disposal of an entity, while cash at the end of the period stood at A$24.9 million, indicating continued balance sheet liquidity but ongoing capital demands to support its operations and asset base.

The most recent analyst rating on (AU:KSN) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Kingston Resources Ltd. stock, see the AU:KSN Stock Forecast page.

Kingston Resources Lifts Revenue and Advances Underground Transition Despite Pit Setback
Jan 21, 2026

Kingston Resources reported a 14% quarter-on-quarter increase in net revenue to $18.1 million for the December 2025 quarter, supported by strong realised prices for gold and silver and closing cash of $24.9 million plus environmental bonds. Operationally, a geotechnical issue at the Pearse South open pit forced a redesign and extra waste movement, reducing ore mined and deferring an estimated 1,000–1,200 ounces of gold production into the second half of FY26, though waste stripping is now largely complete and higher-grade feed is expected in coming quarters. The company sold 2,564 ounces of gold and 27,974 ounces of silver, advanced the transition to underground mining with development and blasting underway and long-hole production drilling set to start in April, and progressed key underground infrastructure, grade control and resource definition drilling, regional exploration, and plant optimisation. Management highlighted that lower upcoming waste stripping and the move toward underground ore stockpiling ahead of base metal concentrate production, combined with strong metal prices and encouraging offtake market signals, position Kingston for a stronger second half, improved cash flow and sustained growth, which is significant for shareholders and supports its longer-term growth strategy.

The most recent analyst rating on (AU:KSN) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Kingston Resources Ltd. stock, see the AU:KSN Stock Forecast page.

Kingston Resources Seeks ASX Quotation for 617,455 New Shares
Jan 13, 2026

Kingston Resources Limited has applied to the ASX for quotation of 617,455 new fully paid ordinary shares, issued following the exercise or conversion of existing options or other convertible securities. The additional share quotation slightly enlarges the company’s listed capital base and reflects ongoing conversion of securities, but the announcement provides no further detail on use of proceeds or strategic implications for operations or stakeholders.

The most recent analyst rating on (AU:KSN) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Kingston Resources Ltd. stock, see the AU:KSN Stock Forecast page.

Kingston Resources Lists New Securities on ASX
Dec 15, 2025

Kingston Resources Limited has announced the quotation of 175,762 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 15, 2025. This move is part of the company’s strategy to leverage convertible securities, potentially strengthening its capital structure and providing additional resources for its ongoing projects, which could positively impact its market positioning and stakeholder interests.

The most recent analyst rating on (AU:KSN) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Kingston Resources Ltd. stock, see the AU:KSN Stock Forecast page.

Kingston Resources Confirms High-Grade Copper-Gold at Mineral Hill
Dec 9, 2025

Kingston Resources Limited has announced promising assay results from its drilling operations at the Southern Ore Zone (SOZ) of Mineral Hill, confirming high-grade gold and copper mineralization. These results enhance the geological model’s confidence and suggest potential resource growth beyond the current resource areas. The company is preparing for underground ore mining and plans to focus on extensional drilling to expand resource size, with ongoing efforts to incorporate new findings into their mine plans.

The most recent analyst rating on (AU:KSN) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Kingston Resources Ltd. stock, see the AU:KSN Stock Forecast page.

Kingston Resources Announces Director’s Interest Change
Nov 27, 2025

Kingston Resources Ltd. has announced a change in the director’s interest, specifically involving Mick Wilkes. The change includes an off-market transfer of 3,945,679 fully paid ordinary shares from Eligius Holdings Pty Ltd to Mick Wilkes, and the issuance of 369,333 FY26 Unlisted Service Fee Options under the Employee Incentive Scheme, approved at the recent AGM. This adjustment in director’s interest reflects internal restructuring and alignment with the company’s strategic goals, potentially impacting the company’s governance and stakeholder confidence.

The most recent analyst rating on (AU:KSN) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Kingston Resources Ltd. stock, see the AU:KSN Stock Forecast page.

Kingston Resources Issues Unquoted Equity Securities for Employee Incentives
Nov 27, 2025

Kingston Resources Limited has announced the issuance of unquoted equity securities as part of its employee incentive scheme. These securities include FY26 Unlisted Service Fee Options, Long Term Share Price Outperformance Options, and Short Term Incentive Performance Options, with varying expiration dates. This move is likely aimed at motivating and retaining employees by aligning their interests with the company’s long-term performance goals.

The most recent analyst rating on (AU:KSN) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Kingston Resources Ltd. stock, see the AU:KSN Stock Forecast page.

Kingston Resources AGM Results: Key Resolutions Passed
Nov 26, 2025

Kingston Resources Limited announced the results of its Annual General Meeting, where all resolutions were decided by poll. Key outcomes included the adoption of the Remuneration Report and the re-election of Mr. Anthony Wehby as Director, both of which received strong support. However, the proposal for ASX Listing Rule 7.1A approval for future issue of securities was not carried. The meeting also approved the issuance of various incentive options to key directors, indicating a focus on aligning management incentives with shareholder interests.

Kingston Resources Outlines Strategic Focus at AGM
Nov 26, 2025

Kingston Resources Limited held its Annual General Meeting, presenting its ongoing operations and future plans in the Cobar Basin. The company’s focus on gold and copper production positions it strategically within the mining sector, potentially impacting stakeholders by enhancing operational efficiencies and market presence.

Kingston Resources Launches New Drilling Phase at Mineral Hill
Nov 24, 2025

Kingston Resources Limited has commenced a new phase of drilling at its Mineral Hill Mine, deploying two drill rigs to enhance resource definition and discovery. The underground drilling will target high-grade extensions at the Southern Ore Zone, while surface drilling will explore near-mine discovery potential. This initiative is part of Kingston’s growth strategy, aiming to expand its resource base and strengthen its market position.

Kingston Resources Corrects AGM Notice Error
Nov 19, 2025

Kingston Resources Limited has issued a correction to its Notice of Annual General Meeting, initially published on 28 October 2025. The correction addresses an error in the stated share price, which was incorrectly listed as $0.016 instead of $0.16, leading to an understatement of the ‘Funds raised’ figures by a factor of 10. This correction does not affect any other part of the Notice or the resolutions proposed, ensuring stakeholders that the overall meeting agenda remains unchanged.

Kingston Resources Announces Shareholder Webinar on Mineral Hill Progress
Nov 4, 2025

Kingston Resources Limited has announced an upcoming webinar to be conducted by Managing Director Andrew Corbett, which will cover the progress at their Mineral Hill project and discuss recent quarterly results. This webinar, scheduled for release on November 11, 2025, aims to engage shareholders and interested parties by allowing them to submit questions in advance, reflecting the company’s commitment to transparency and stakeholder engagement.

Kingston Resources to Host Webinar on Mineral Hill Progress and Quarterly Results
Nov 3, 2025

Kingston Resources Limited is hosting a webinar to discuss progress at Mineral Hill and recent quarterly results, inviting shareholders to submit questions in advance. The company’s focus is on extending the life of its Mineral Hill mine through organic growth and exploring regional deposits for processing at its existing plant, with a mine plan extending to 2031 and significant exploration potential.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 20, 2026