Kingston Resources Limited Recommissions Crushing and Grinding Circuits, Achieves Record Gold Sales

Sydney, Australia-based Kingston Resources Limited has made significant progress in recommissioning its crushing and grinding circuits, with gold and silver sales recommencing last week. This milestone marks a crucial step in ramping up sales post the completion of the Tailings retreatment. With the rising A$ gold price, the company is now poised to take full advantage of the market, having sold gold at a record A$3700/oz last week. This achievement demonstrates the company's ability to execute a successful transition and deliver high-quality and high-value products.

Key Takeaways:

• Kingston Resources Limited has successfully recommissioned the crushing and grinding circuits with the CIL at the Mineral Hill processing plant.
• Gold and silver sales recommenced last week, marking a crucial step in ramping up sales post the completion of the Tailings retreatment.
• The company has achieved record gold sales, with gold sold at A$3700/oz last week, due to the rising A$ gold price and no hedging.
• The entire team is excited about progress on ramping up Mineral Hill, with a focus on delivering a high quality and high value product.
• The refurbishment team is working to finalise the work program on the flotation plant, with commissioning expected during October, and the commencement of sulphide ore production from the open pits.
• Open pit mining at Mineral Hill will initially focus on Pearse North, with oxide and transitional ore continuing into next quarter, at which time sulphide ore production will commence at Pearse North.

Statistics:

• A$3700/oz: the price at which gold was sold last week, a record for the company.
• A$ gold price: the rising price of gold has enabled the company to take full advantage of the market.
• October: the month by which the commissioning of the flotation plant is expected to be completed.
• 2 quarters: the timeframe for the commencement of sulphide ore production at Pearse North.
• Pearse South: a historical mining site that will produce high-grade sulphide ore upon commencement of mining.

Sources:

• Kingston Resources Limited (ASX: KSN) news release, undated.
• Kingston Resources Managing Director & CEO, Andrew Corbett, comments, undated.