Kingston Resources Limited (ASX:KSN) Update

Kingston Resources Limited (ASX:KSN) has announced a six-year mine life at Mineral Hill, laying the foundation for a long-term gold and copper operation. The company released a maiden Ore Reserve for the underground Resources at Mineral Hill, along with an updated open pit Ore Reserve, extending the production target to 2030. The production target includes open pit and underground mining, with gold and copper expected to account for 85% of life of mine metal production. Kingston Resources' Managing Director, Andrew Corbett, expressed excitement over the progress made at Mineral Hill, emphasizing the increase in Ore Reserves and the strong mine plan backed by comprehensive metallurgical and engineering studies.

Executive Commentary

We are pleased to announce the extension of the Mineral Hill mine life to six years, underpinned by the release of our maiden Ore Reserve for the underground Resources and an updated open pit Ore Reserve. This positions us for long-term gold and copper production, with a strong focus on operational excellence and sustainable mining practices. The increase in Ore Reserves reflects the results of our comprehensive metallurgical and engineering studies, providing a solid foundation for our production targets through 2030.

Summary and Outlook

Kingston Resources Limited's announcement of a six-year mine life at Mineral Hill marks a significant milestone, demonstrating the company's commitment to long-term gold and copper production. With the updated Ore Reserve and extended production target, Kingston Resources aims to establish itself as a mid-tier gold and base metals company with multiple producing assets. The company's focus on operational excellence, sustainable mining practices, and comprehensive metallurgical and engineering studies positions it for continued success. The Mineral Hill mine's transition to hard rock mining and the scheduled commencement of underground mining at the Southern Ore Zone (SOZ) reflect the company's strategic approach to resource development. Kingston Resources' ambitions for a long-term, sustainable operation align with its commitment to responsible mining practices and compliance with regulatory requirements.