KSN Secures AU$6.5MIllion Capital for Mineral Hill Production Expansion

Kingston Resources Limited (ASX: KSN) has raised AU$6.5 million to expand Mineral Hill production, strengthening its strategic position in the Cobar Basin. The project will enable significant production of gold, silver, copper, lead, and zinc through hard rock mining. There is a broad scope for production increases through optimized processing and focused exploration.

An AU$5.5 million placement will fund processing plant refurbishment and underground redevelopment, with an additional AU$1.0 million expected through a Share Purchase Plan. Kingston Resources aims to be a long-term diversified gold-copper producer, currently producing gold from a profitable Tailings Project. Open pit and underground mining are scheduled until FY2027, with a total Life-of-Mine production target of 123,000 ounces of gold equivalent. Only 22% of the Mineral Resources are currently utilized, leaving ample room for expansion.

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