Taiton Resources expands Kingsgate Project

Taiton Resources (ASX:T88) has made significant strides with its Kingsgate Project in New South Wales. The company recently acquired a 24.28-hectare piece of land known as Hammond Land for $237,500. This area is notable for its high purity quartz, with SiO2 percentages ranging from 99.53% to 99.99%, indicating potential for high purity quartz production.

Key developments and future prospects for Taiton Resources

Taiton Resources (ASX:T88) has taken a crucial step in advancing its Kingsgate Project by acquiring 24.28 hectares of land, rich in high purity quartz. The site, previously explored for molybdenum, bismuth, and quartz, shows promising results with high SiO2 levels. Taiton plans to enhance exploration efforts and establish local community connections. In light of delayed fundraising, the company has implemented a 50% reduction in remuneration to focus resources on core projects like Kingsgate, while letting go of non-core ventures. Given the projected growth in the high purity quartz market, Taiton's strategic focus on Kingsgate could bolster its position in high-tech industries reliant on HPQ.

Executive insights on land acquisition and exploration

The Kingsgate Project is a strategic asset for Taiton, and acquiring Hammond Land positions us well to explore its high purity quartz potential. We are committed to advancing our exploration efforts and establishing strong community relations in the region.