Kingston Resources Limited
KSN.AX
Australian Securities Exchange0.09
AUD
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Kingston Resources Limited
KSN.AX
(Australian Securities Exchange)
Recent
price
0.09
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Kingston Resources Limited (ASX: KSN), an Australian gold and copper producer founded in 1985 and headquartered in North Sydney, New South Wales, focuses on mining and exploration of gold, copper, silver, zinc and lead deposits primarily at its Mineral Hill Mine in the Cobar Basin of New South Wales. The company operates an established processing plant with a current nameplate capacity of 350-400ktpa and approvals for expansion to 700ktpa; it conducts open pit mining from the Pearse Pits and underground mining at the Southern Ore Zone and Jack’s Hut, producing gold equivalent representing 90% of revenue alongside silver, with copper production scheduled to commence mid-2026. Mineral Hill boasts extensive multi-metal resources and a life-of-mine plan extending through 2030 and beyond, supported by near-mine and regional exploration programs targeting new copper-gold discoveries, growth studies for production expansions, and a strategy to build a mid-tier gold and base metals producer serving Australian markets. In a major strategic shift, Kingston divested its 3.8Moz Misima Gold Project in Papua New Guinea to Ok Tedi Mining Limited in May 2025 for total consideration of A$95 million, receiving an initial A$50 million cash payment in July 2025, with further A$10 million due in 12 months and A$10 million contingent on a positive final investment decision; the deal includes a 0.5% uncapped gross revenue royalty on gold and copper production after the first 500,000 ounces of gold, retaining upside exposure while repositioning the company as a debt-free, well-funded Australian-focused operator. This transaction strengthens Kingston's balance sheet to accelerate Mineral Hill growth, including high-grade gold-copper drilling results announced in July 2025 and ongoing resource updates. Recent operational highlights include an 8% increase in gold production to 4,944 ounces and 6% higher gold sales in the June 2025 quarter, alongside cost reductions at Mineral Hill.