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An update from Kingston Resources Ltd. ( (AU:KSN) ) is now available.
Kingston Resources Ltd. announced a significant underground drilling program at its Mineral Hill site, starting February 2025. The initiative aims to extend resource exploration from 450m to 1.8km, aligning with typical Cobar style deposits. This effort is part of the company’s strategy to improve cash flow, extend the mine’s life to six years, and explore high-potential areas for resource growth. The updated Life of Mine plan and recent capital raise further bolster Kingston’s exploration and asset development endeavors, indicating a positive trajectory for stakeholders invested in the company’s future growth and resource expansion.
More about Kingston Resources Ltd.
Kingston Resources Ltd. is a company operating in the mining industry, primarily engaged in the exploration and development of mineral resources. The company focuses on gold and copper deposits and is actively involved in the development of the Mineral Hill project, aiming to enhance production and resource growth both locally and regionally.
YTD Price Performance: 12.82%
Average Trading Volume: 26,106
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €36.49M
For an in-depth examination of KSN stock, go to TipRanks’ Stock Analysis page.
