Kingston Resources Ltd

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. […]

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 […]

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 (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 […]