KINGSTON RESOURCES ORD
Kingston Resources to Accelerate Mineral Hill Development as Part of Debt-Free Transition
A cashed-up Kingston Resources (ASX: KSN) is on target to expand development of its Mineral Hill copper-gold project in NSW. Kingston announced earlier this month that it was debt free after repaying a $15 million facility with funds from Ok Tedi’s initial $50m payment for its acquisition of the Misima mine in Papua New Guinea. […]
Kingston Resources Unlocks $50 Million from Sale of Misima Gold Mine to Ok Tedi
Papua New Guinea mining stalwart Kingston Resources (ASX: KSN) has added $50 million to its bank balance after receiving the initial payment from Ok Tedi Mining for the sale of the historical Misima gold mine. Part of a total $95m transaction, Ok Tedi made the payment following Kingston agreeing to divest the Misima project earlier […]
Kingston Resources to focus on Mineral Hill copper-gold interests after selling Misima project to PNG’s Ok Tedi Mining
Papua New Guinean mining company Ok Tedi Mining has moved to acquire the historical Misima gold project from Kingston Resources (ASX: KSN) for $95 million. Ok Tedi, which administers the nationalised copper-gold project of the same name in the country’s Western Province, will acquire Misima for $60m, with the potential for further contingent payments of […]
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 mining activities at its projects in the Cobar Basin of New South Wales. Proceeds will be used to transition the Pearse underground gold mine to an open-pit scenario and commission the Mineral Hill processing plant for concentrate production. The raising was […]
