Kingston Resources Limited Secures $50M Inflow and Launches Its Biggest Decade-Long Mineral Hill Exploration, Fast-Tracking Underground Mining Expansion

Tuesday, August 19, 2025
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9:07 am
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Kingston Resources Limited is accelerating growth at Mineral Hill with its largest exploration campaign in decades. Fresh $50M cash injection supports extensive drilling and strategic management changes, aiming to boost ore feed and cash flow. Underground mining is set to begin in December 2025, paving the way for significant expansion.

Kingston Resources Limited has unveiled an ambitious strategy to accelerate growth at its Mineral Hill project following the successful sale of the Misima Gold Project, which generated a $50 million cash inflow. The proceeds bolster the company’s financial strength and will drive a large-scale exploration program—the most significant at Mineral Hill in decades—focusing on expanding ore feed, increasing processing rates, and ultimately maximizing operating cash flow. The company plans to deploy up to 40,000 meters of drilling over the next two years, in addition to extensive geophysical and geochemical surveys across the entire tenement area. This comprehensive campaign will target both near-mine extensions and regional opportunities along the Mineral Hill trend and the Gilmore Suture Zone. Technically, the Mineral Hill processing plant is already permitted to handle up to 700,000 tonnes per annum, a capacity that far exceeds current production forecasts and is integral to the staged mill expansion strategy. Detailed drilling efforts will address several key areas, including extensions within the Southern Ore Zone and Parker’s Hill, with additional focus on discovering new packages of high-grade polymetallic mineralisation. In parallel with the exploration efforts, Kingston is making key management appointments to further sharpen its operational focus. The current Mineral Hill General Manager, Geoff Merrell, will transition to a new role as General Manager NSW Growth, while Melanie McCarthy, with extensive mining industry experience, has been named the new General Manager at Mineral Hill. These leadership changes are aimed at expediting mineral resource development, as the company seeks to unlock latent value from both existing deposits and promising regional targets such as Bogong and those found in tenements EL1999 and EL8334. The Mineral Hill project, with a life-of-mine scheduled out to 2031, currently holds mineral resource estimates totaling 7,755,000 tonnes across measured, indicated, and inferred categories, while the probable ore reserve stands at 1,100,000 tonnes. The development plan emphasizes an aggressive transition to underground mining, now slated to commence in the December quarter of 2025, backed by an extensive two-year campaign that includes 17 kilometers of resource and grade control diamond drilling. Bullish sentiment is supported by the infusion of capital from the Misima sale, the scale of the exploration program, and the strategic appointment of experienced management to drive growth. With the processing plant operating well under its permitted capacity and significant exploration potential remaining within the current mining leases and exploration licenses, the company is well positioned to capitalize on rising copper and gold prices. On the bearish side, concerns remain about execution risks associated with large-scale capital-intensive drilling programs and the challenge of translating exploration success into economic production, particularly given the relatively modest market capitalization and the inherent uncertainties in expanding mineral resource estimates.

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