Kingston Resources Ltd (ASX:KSN, "Kingston") is an exploration and development company focused on advancing two gold projects; 1) the 3.2Moz Au & 18.2Moz Ag Misima Gold Project (81% interest moving to 100%) in PNG and 2) the Livingstone Gold Project (75% interest) in Western Australia.
The Misima Gold Project ("Misima"), previously owned by Placer Dome Inc., successfully produced 3.7Moz over a 15 year mine life at an average cost of US$218/oz. Operations by Placer ceased in 2004 due to depressed gold prices and Kingston has been the first to explore for gold at Misima since that time. Environmental and mining studies are currently underway with Kingston targeting a PFS and JORC Ore Reserve for the project by the end of 2020.
The Livingstone Gold Project ("Livingstone") consists of multiple gold prospects and includes a 49,000oz JORC resource at the Homestead Prospect. A ~4,500m RC drilling program is currently underway at the Kingsley Prospect and assays to date have returned high-grade intercepts.