Kingston Resources Limited has announced a significant operational milestone at its Mineral Hill facility in New South Wales. The company revealed that it has begun gold concentrate production for the first time in nearly a decade, following the low-cost refurbishment and successful commissioning of its flotation circuit. The reactivated processing plant now boasts full capacity, allowing it to produce not only gold and silver doré but also separate metal concentrates including copper, lead, and zinc. This development is an integral part of the company’s broader transformation strategy as it prepares to transition from open pit to underground mining, with copper concentrate production targeted for mid-2026. The refurbishment, completed at a capital cost of just A$14 million, restored critical crushing, grinding, and flotation capabilities. Operations at Mineral Hill now benefit from dual production pathways: the Carbon-in-Leach circuit for doré production and the newly commissioned flotation circuit for concentrate production. Gold concentrate is produced on-site and will be transported via truck to the Narromine railhead before shipment from Newcastle. Open pit mining activities at the Pearse North and Pearse South sites will continue until mid-2026, focusing primarily on sulphide ore, while the shift to underground mining will unlock further long-term potential and cash flow generation. Technical indicators from the announcement demonstrate a robust foundation for future production. The Mineral Hill processing plant now operates with full optionality, setting the stage for diversified concentrate outputs. The accompanying mineral resource and ore reserve estimates further illustrate the project’s scale, with significant upside potential from extensive Mineral Resources and infrastructure that supports both current and future operations. The detailed ore reserve figures indicate a measured approach to resource management with calculated recovery of gold, silver and base metals. Investors assessing this news might adopt a bullish stance based on this operational turnaround and the clear pathway presented toward a fully integrated, multi-product operation. The refurbishment’s low capital expenditure relative to the technical upgrades, coupled with the company’s ability to ramp up different production lines, suggests improved risk management and value creation potential. On the other hand, cautious investors might consider the risks inherent in transitioning from open pit to underground mining, along with the challenges associated with scaling up new concentrate production lines amidst fluctuating commodity prices. Ultimately, these developments mark a pivotal moment for Kingston Resources Limited as it positions itself for a breakout fiscal year in 2026.