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Kingston Resources updates Mineral Hill’s mine life, flags $6.5 million raise

Kingston Resources updates Mineral Hill’s mine life, flags $6.5 million raise

Kingston Resources Ltd (ASX:KSN) managing director Andrew Corbett brings Proactive’s Elisha Newell up to speed on a new life of mine plan for the Mineral Hill gold camp in central NSW. The revitalised plan forecasts production through to mid-2027 and estimates the mine’s total gold output at 123,000 ounces. Kingston is also out to raise a A$6.5 million war chest to cement its position in the Cobar Basin and Corbett says the team is “hugely excited” to take the next steps in scaling operations.