Kingston Resources Ltd Company Profile

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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    Kingston Resources Ltd
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    Metals & Mining
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    Diversified Metals & Mining
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Company Overview

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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.

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.


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

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

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

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

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.
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Mr Anthony Wehby
Non-Executive Chairman
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Mr Mick Wilkes
Non-Executive Director
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Mr Stuart Rechner
Non-Executive Director
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Mr Andrew Corbett
Managing Director

Kingston Resources (ASX:KSN) Gallery

Clock icon Information current at 26 August 2020

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