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Kingston Resources (ASX: $KSN) commences open pit mining at Pearse North

Kingston Resources (ASX: $KSN) commences open pit mining at Pearse North


Kingston Resources Limited (ASX: $KSN) has announced the commencement of open pit mining at the Pearse North open pit, with the initial blast occurring on 11 June and first oxide ore immediately delivered to the ROM pad. This marks a significant milestone for the Mineral Hill project in NSW, following the successful completion of the tailings retreatment project three weeks prior. The safe reintroduction of drill and blast operations and the commencement of mining activities at Pearse North demonstrate Kingston's commitment to advancing its objectives.

Executive Commentary on Open Pit Mining Commencement


We are delighted to announce the commencement of open pit mining at Pearse North, which signifies a major step forward for the Mineral Hill project. The safe reintroduction of drilling and blasting operations, and commencement of mining activities are a testament to the hard work and dedication of our team. The Pearse North and Pearse South open pits will be the initial stages of our return to hard rock mining at Mineral Hill, and we look forward to continuing to develop this project and delivering value to our shareholders.

Summary of Open Pit Mining Commencement at Pearse North


Kingston Resources (ASX: $KSN) has successfully initiated open pit mining at the Pearse North open pit, following the completion of the tailings retreatment project. The company's focus on local hiring and training reflects its commitment to the region. With the plant refurbishment program on track, Kingston anticipates treating open pit oxide ore in July, further enhancing gold and silver feed grades. The company's dedication to strengthening its owner-operator mentality and building a multi-skilled mining team aligns with its goal to become a regionally significant producer. Kingston's ambitions to establish itself as a mid-tier gold and base metals company with multiple producing assets are evident in its strategic initiatives at both the Mineral Hill and Misima Gold Project. The company's emphasis on infrastructure excellence, exploration potential, and financial viability underscores its commitment to long-term growth and value creation for its stakeholders.

KINGSTON RESOURCES LIMITED
KSN | ASX | Materials
0.0790(+0%)
At close 05/07 (AEDT)
Market cap
$55.9M
Volume
72,577
DY Yield
0
PE Ratio
3.05
52 Week Range
0.063 - 0.093
1YR Return
131.468%

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