Clarification -Argonaut PCF Appointed for the Misima Project
Released
Released
Announcement PDF
ASX/Media Announcement
27 November 2024
Clarification Announcement
Kingston Resources Limited (ASX: KSN) (‘Kingston’ or ‘The Company’) released an announcement titled
“Argonaut PCF Appointed for Misima Strategic Process” (“Argonaut”)”, dated 20 November 2024
(Announcement).
With regards to the Announcement, the Company provides the following additional information:
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The assumptions on the Resources and Reserves on the announcement are from the announcement
which was previously released under the title “Misima DFS confirms 1.73Moz gold Reserve, $956m
NPV” dated 6 June 2022 with no material changes to the assumptions underpinning the Resources
and Reserves and they continue to apply;
Argonaut is appointed as a financial advisor in connection with the divestment or alternative
transaction involving the Misima Gold Project. The financial advisory fee incurred by Kingston for
retaining Argonaut services is not material for the Company;
The term of the contract is up to 6 months with an option to extend the term by written confirmation
by both parties;
There are no material conditions to be satisfied before Argonaut becomes legally bound to proceed
with the contract; and
There is no other material information relevant to assessing the impact of the agreement with Argonaut
on the price or value of the Company’s securities.
This announcement has been authorised by the Kingston Resources Limited Board. For all enquiries, please contact Managing
Director, Andrew Corbett, on +61 2 8021 7492.
ABOUT KINGSTON RESOURCES
Kingston Resources is currently producing gold from its Mineral Hill gold and copper mine in
NSW and owns the 3.8Moz Misima Gold Project in PNG. The Company’s objective is to establish
itself as a mid-tier gold and base metals company with multiple producing assets.
ASX: KSN
Shares on Issue: 707M
Market Cap: A$64M
Cash: (30 Sept 2024) A$6.64m
202/201 Miller Street,
North Sydney, NSW 2060
+61 2 8021 7492
info@kingstonresources.com.au
www.kingstonresources.com.au
@KSNResources
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