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Quarterly Activities Report
Kingston Resources (ASX: KSN) progressed drilling and mine planning at its 100%-owned Mineral Hill gold and copper asset in NSW during the September Quarter.
Underground drilling totalled 4,370m as part of the planned 25,000m FY27 program. The program combines extension drilling targeting Mineral Resource growth with infill drilling to increase geological confidence in areas being evaluated for future underground mining.
Mine design, metallurgical, geotechnical, processing and tailings studies are progressing to inform the underground Ore Reserve update and assess Mineral Hill’s potential mine life, production scale and capital requirements.
Next steps include:
Surface drilling expected to commence in November, initially targeting depth extensions at Jack’s Hut.
Mineral Resource updates for Jack’s Hut and SOZ targeted for the March quarter 2027.
An underground Ore Reserve update expected in the June quarter 2027.
Cash at 30 September was $14.54 million. The report explains the quarter’s expenditure, including settlement of prior-period liabilities and one-off payments associated with the transition to care and maintenance.