Rising Gold Developer in the Asia-Pacific

Kingston Resources Ltd is an ASX listed Gold development and exploration company advancing the 3.8Moz Misima Gold Project in PNG.

Misima Gold Project

Misima is a transformational opportunity for Kingston Resources. The Misima Gold Project is an attractive mine development project of significant scale underpinned by a 3.8Moz Mineral Resource and a strong pipeline of regional exploration targets. Misima was previously mined by Placer Dome from 1989 to 2004, producing 3.7Moz over its 15 year mine life. Kingston is now advancing mining studies and progressing the mining approvals process across the project. Kingston is excited about the future for the Misima Gold Mine and it’s contribution to the livelihoods of Misimans and the economy of Papua New Guinea.

Mineral Hill Acquisition

Kingston has agreed to acquire the Mineral Hill Mine in NSW for up to A$22.7M (US$17.0M) in cash and shares. Located 65km north of Condobolin in NSW, Mineral Hill has extensive gold and copper Resources, a long production history, a recently upgraded 400ktpa CIL circuit, and an existing flotation plant. Gold tailings on site are currently being processed through the CIL circuit, delivering immediate gold production for Kingston. Furthermore, there are a number of outstanding exploration potential with multiple targets located within the Mining Licence hosting high-grade historic drilling results to be followed up. The acquisition is expected to complete in January and is consistent with Kingston’s stated objective of becoming a substantial gold producer in the Asia-Pacific region. The transition to production and strengthened balance sheet will also enhance its ability to advance the 3.8Moz Misima Gold Project in PNG.

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