Misima Gold Project - Awakening the Sleeping Giant
Corporate Presentation
Sydney, April 18, 2018 AEST (ABN Newswire) - Kingston Resources Limited (
ASX:KSN) provides the Company's latest Presentation.
Misima Gold Project
- Kingston's flagship project is the world class 2.8Moz Misima Gold Project, one of the largest and highest quality undeveloped gold assets held by an ASX listed junior explorer
- Misima's low cost production history of 3.7Moz from 1989 to 2004 under Placer Pacific significantly de-risks future production
- KSN to complete its earn in to 70% by Q3 2018
Kingston's strategy is to:
- Extend and upgrade the current 2.8Moz resource before moving towards scoping studies
- Bring new high grade open pit discoveries into the project pipeline within the Misima area
Misima production advantage
Papua New Guinea
- Six major operating mines, producing Au, Ag, Cu, Co & Ni.
- PNG is currently 14th largest gold producer globally, 60 tonnes pa
- Proven, transparent and stable mining regulations and approvals process
Misima
- Polynesian culture
- Supportive local landowners
- Mining culture
o >100 FIFO mine workers
o Alluvial mining business
- Trained and experienced mine workers
Current Infrastructure
- Commercial airport, 3 flights per week
- Hospital, schools, banking
- Accommodation
- Two ports, deep and shallow water
- Power, hydro and diesel
Historic mining parameters
- < 400m above sea level
- Low strip
- Low cost Drill & Blast
- Large scale fleet
Proven metallurgy
- High recovery
- Free mill ore
- Course grind
- Low bond work index
- Low cost processing
To view the full presentation, please visit:
http://abnnewswire.net/lnk/4P8477OI
About Kingston Resources Limited
Kingston (ASX:KSN) is a metals exploration company. Currently the Company's priority is the world-class Misima Gold Project in PNG, which contains a JORC resource of 2.8Moz Au, a production history of over 3.7Moz and outstanding potential for additional resource growth through exploration success. Kingston currently owns 70% of the Misima Gold Project.
In addition, Kingston owns 75% of the Livingstone Gold Project, WA which holds a 50koz resource and is the site of ongoing exploration and a number of high-grade historic intersections.
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