Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Kingston Resources Limited (ASX: KSN) has unveiled its Life of Mine (LOM) plan, encompassing resource estimates for the Pearse pits, Southern Ore Zone (SOZ), and Jack’s Hut, with a production target supported by 51% Ore Reserves, 11% Measured & Indicated Resources, and 38% Inferred Resources. The initial 12-36 months are underpinned by up to 89% of Measured & Indicated Resources, though further exploration is needed to confirm Inferred Resource potential. The company operates the Mineral Hill Mine (NSW), producing gold and silver, with plans to expand to copper by FY26. Kingston is advancing its Misima Gold Project (PNG) with a 20-year mine life and projected pre-tax NPV of AU$956 million at base case gold prices.
Backed by a seasoned management team, Kingston aims to become a mid-tier gold/copper miner, leveraging exploration and plant expansion opportunities. The company also recently completed a plant refurbishment and generated AU$99 million in sales from tailings reprocessing.
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