Kingston Resources had a successful year, expanding its growth strategy by acquiring and ramping up the Mineral Hill Gold-Copper Mine in the Cobar region of NSW. The company aims to become a leading gold-copper producer in the Asia-Pacific region, with multiple operating assets. Its recent developments include current gold production from the Tailings Project and scheduled open pit and underground mining until the end of 2027. The current mine utilizes only 22% of the existing Mineral Resources, allowing significant room for growth. Kingston has all necessary permits and approvals in place and has extensive infrastructure. Copper production is expected to begin by the end of CY24, increasing annual payable production by 69% in FY25. In addition to Mineral Hill, the Company announced successful DFS results for its Misima Gold Project in Papua New Guinea, which has an estimated Mineral Resource of 3.8moz Au.
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