Building the next large scale, long-life and low cost gold operation in the Asia-Pacific.

Kingston Resources (ASX:KSN) is a resource exploration and development company advancing two highly prospective gold projects in Papua New Guinea and Western Australia.

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Company

Kingston Resources Ltd
Website

kingstonresources.com.au
Sector

Metals & Mining
Industry

Diversified Metals & Mining

Code

ASX:KSN
Socials

Company Overview

Promoted

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.

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Building the next large scale, long-life, low cost and sustainable gold operation in the Asia-Pacific.

Kingston Resources (ASX:KSN) is focusing on the development of its Misima Gold Project ("Misima"), which currently has a JORC resource of 3.2Moz Au & 18.2Moz Ag. In addition, Kingston is also advancing its 75% owned Livingstone Gold Project ("Livingstone") which has demonstrated high-grade gold intercepts to date.

Resource

Kingston has already defined a multi-million-ounce gold JORC resource and still maintains significant exploration potential at both of its projects.

Head Start

Misima has a history of gold mining which means it comes with significant infrastructure in place as well as a highly skilled local workforce.

Fully-Funded

Kingston is fully funded to deliver on near-term milestones which includes defining a JORC Ore Reserve and delivering a Pre-Feasibility Study (PFS) for Misima.

Latest Presentation

Click here to read the company's latest presentation

View Presentation

Kingston: Value With Near-Term Catalysts

Kingston is priced attractively relative to other ASX-listed peer gold companies on a EV to Resource basis. In addition to this relative valuation advantage, Kingston also has several value accretive milestones scheduled over the coming months, including the finalisation of a JORC Ore Reserve and a Pre-Feasibility Study (PFS) for the Misima Gold Project and assay results for the Livingstone Gold Project. See the link below for in-depth broker research coverage.

Research Reports

Click here to access research coverage on the company

Access Research

The Misima Gold Project In A Nut Shell

Kingston's 3.2Moz Misima Gold Project has several significant advantages that give it a head start for development. Firstly, there is significant infrastructure in place, which include deep and shallow water ports and a commercial airstrip. The metallurgy is favourable and well understood which is expected to translate into low-cost ore processing. Kingston also has access to all Placer's successful historic design and operating data. This will underpin Kingston's development strategy and significantly de-risks the technical aspects of the project. Finally there is a long history of mining on Misima which means there is a skilled local workforce on the island and strong local community support for mining developments.

Mineral Resource Increase

Click here to see the recent Mineral resource Increase at the Misima Gold Project

View Resource Increase

Fully-funded to support multiple near-term milestones

Kingston Resources is fully-funded to continue advancing the Misima Gold Project as it shifts from an exploration focus to a development focus. Several near-term milestones, including the finalisation of a Pre-Feasibility Study and JORC Ore Reserve at the Misima Gold Project will help unlock value for the company.

Exploration Potential

There are multiple regional exploration targets at the Misima Gold Project, including the Ewatinona Pit which recently produced 70m at 4.99g/t from channel sampling of rock outcropping. There is also 4km of untested strike that runs NNW along from the Umuna Pit. This exploration upside potential could translate into additional high-grade gold ounces and could increase the scale of the project even further.

High-grade Ewainona Channel Sampling

Click here to read the high-grade results

View Results

Additional exploration upside potential: Livingstone Gold Project

In addition to the company's flagship Misima Gold Project, Kingston hold a 75% interest in the Livingstone Gold Project in WA and already comes with 8 defined prospects and a 49,000 oz Au JORC resource. Recent drilling at the Kingsley Prospect produced 11 holes that all intersected >0.5g/t Au and significant high-grade gold results including 1m at 28.02g/t Au from 55m. The Kingsly Prospect alone represents over 1km of open strike and is currently undergoing a 54-hole RC drilling program which will total 4,525m.

Directors & Management

The board & management of Kingston have a strong track record of creating value in junior mining companies which includes the successful commissioning and operating of several major gold and copper mines.

Mr Anthony Wehby

Non-Executive Chairman

Mr Mick Wilkes

Non-Executive Director

Mr Stuart Rechner

Non-Executive Director

Mr Andrew Corbett

Managing Director

Kingston Resources (ASX:KSN) Gallery

Information current at 26 August 2020

Company Videos

3 Videos

Virtual Gold Conference August 2020

Kingston Resources Ltd (ASX:KSN) Managing Director Andrew Corbett provides an in-depth investor update at the Virtual Gold Conference.

Paydirt TV with Kingston Resources

Paydirt TV's Mark Andrews speaks with Kingston Managing Director Andrew Corbett.

RRS Summber Series 2019 - Kingston Resources (ASX:KSN)

Chief Financial Officer of Kingston Resources, Chris Drew, speaks at the RRS Summer Series in December 2019.

News Coverage

Current news mentioning Kingston Resources Ltd from top publishers around the web.

Kingston Resources raises $13.5m to accelerate mining at Pearse and Mineral Hill projects

Kingston Resources (ASX: KSN) has completed a $13.5 million capital raising to accelerate hard-rock...

Read Article

smallcapsau.mystagingwebsite.com

3 weeks ago

Closing Bell: ASX rebounds as soft CPI bolsters August rate cut hopes; OSX and TLM lead today’s winners

The ASX 200 erases early morning’s losses, rallying to close the day +0.3% higher. This comes as th...

Read Article

Building the next large scale, long-life and low cost gold operation in the Asia-Pacific.

Company

Website

Sector

Industry

Code

Socials

Company Overview

Building the next large scale, long-life, low cost and sustainable gold operation in the Asia-Pacific.

Resource

Head Start

Fully-Funded

Latest Presentation

Kingston: Value With Near-Term Catalysts

Research Reports

The Misima Gold Project In A Nut Shell

Mineral Resource Increase

Fully-funded to support multiple near-term milestones

Exploration Potential

High-grade Ewainona Channel Sampling

Additional exploration upside potential: Livingstone Gold Project

Directors & Management

Mr Anthony Wehby

Mr Mick Wilkes

Mr Stuart Rechner

Mr Andrew Corbett

Kingston Resources (ASX:KSN) Gallery

Company Videos

Virtual Gold Conference August 2020

Paydirt TV with Kingston Resources

RRS Summber Series 2019 - Kingston Resources (ASX:KSN)

News Coverage

Kingston Resources raises $13.5m to accelerate mining at Pearse and Mineral Hill projects

Closing Bell: ASX rebounds as soft CPI bolsters August rate cut hopes; OSX and TLM lead today’s winners

Gold Digger: Gold vs Bitcoin, analysts vs analysts – store of value narratives get in the ring

Gold Digger: Gold pulls back but gets to grips with sticky inflation situation

Gold Digger: Yellow metal on the March as WGC eyes central bank and election boosts

Gold Digger: Central banks just can’t get enough. Stockpiling could continue for years, says ANZ

Gold Digger: Druckenmiller time. Billionaire increases exposure as gold reclaims US$2k

Gold Digger: Don’t expect a rally soon but H2 could be golden, agree top analysts

Gold Digger: Banking on it – ANZ upgrades gold outlook, SocGen sees further upside

Gold Digger: Lacklustre week ends on brighter note for yellow metal, as China hoards like there’s no tomorrow

Gold Digger: Production goes nuts as all time gold mining record nears and long-term road looks solid

Gold Digger: AI tech boom will supercharge precious metals demand, claims new report

Gold Digger: US$3000/oz? Analysts are still predicting a fairytale 2024 for the prettiest commodity of them all

Gold Digger: China banks into bullion, De Grey raises $300m to stave off M&A sharks and WA ASX juniors find paydirt

Kingston Resources (ASX:KSN) continues its transition from explorer to gold producer in the Cobar region of NSW

Gold Digger: Australian miners rejoice as gold price flirts with record highs

Kingston Resources finalises geotechnical drilling at Pearse North open pit development

Gold Digger: Get set – if the ’70s is any guide, gold’s next leg up will be explosive

Gold Digger: China is hoovering up gold bars and De Grey is everything, everywhere, all at once

Kingston Resources pumps out 8% more gold at Mineral Hill Mine over Q2 2023

Kingston Resources boosts gold production and cost reductions at Mineral Hill

Kingston Resources scopes out new drill targets at Mineral Hill Gold-Copper Mine, NSW

Gold Digger: ASX producers stack on gains as bullion bounces toward US$2000/oz

Gold Digger: An investment in the ASX’s Gold Index one year ago would’ve netted a 40pc return, against just 6pc in the ASX 200

Gold Diggers: Bullion doesn’t know which way is up or down around US$1900/oz

TMH Market Close: ASX200 closes higher, boosted by bank stocks

CLOSING BELL: Shopping centres, diggers and banks drive local market 0.65% against overseas tide

Kingston Resources accelerated life of mine plans boosted by $6.5m capital raising

Top 10 at 10: 63m-thick lithium pegmatite hit = 180% gain

CLOSING BELL: Markets closed 1.63% down, after a day best described as “not a great deal of fun”.

Gold Digger: De Grey expands Mallina once again, and juniors unearth near-impossible gold grades

Kingston Resources continues to benefit from Mineral Hill tailings production

Gold Digger: Gold could go parabolic if the US dollar is toppled as world’s reserve currency

Kingston Resources begins underground development at Mineral Hill

Gold Digger: The Platinum Group Metals sector is at a crossroads, and no one can agree what the future looks like

CLOSING BELL: It’s just another mediocre Monday as the market falters by 0.45%

Kingston Resources embraces high gold price with sales from Mineral Hill

Gold Digger: Unlike 2020 and 2022, this gold price breakout has legs

Kingston Resources starts drilling at Pearse North target within Mineral Hill copper-gold project

Gold Digger: Bullish? Aussie gold producers are adding hedges as high as $3200/oz

Gold Digger: The last time interest in buying gold and silver was this high, the global economy was collapsing

Gold Digger: Gold and silver are up 20-30% in six months, handily outperforming all the major indexes

Gold Digger: The last time the US deficit blew out this bad gold went on a 10-year, 700% bull run

Gold Digger: Gold again stumbles at small hurdle, but ‘path towards record territory is still there’

Gold Digger: Is Genesis’ $600m bid for Leonora a good deal for besieged St Barbs shareholders?

Gold Digger: Macro drivers point to a gold bull market. Why hasn’t it happened yet?

Kingston Resources reports new monthly record for gold sales from Mineral Hill

Gold Digger: Investors, central banks ‘flock to gold in bulk’