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Kingston Resources in trading halt with pre-feasibility study announcement upcoming

The company recently passed a key milestone in its strategy to return the flagship Misima Gold Project to production.

Kingston Resources Ltd - Kingston Resources in trading halt with pre-feasibility study announcement upcoming
Misima currently hosts a resource of 3.2 million ounces of gold.

Kingston Resources Ltd (ASX:KSN) has been granted a trading halt by the ASX with the release of a pre-feasibility study upcoming.

This halt will remain in place until the beginning of trade on Tuesday, November 24, 2020, or when an announcement is released to the market, whichever occurs earliest.

Environmental approvals process started

Earlier this month, Kingston submitted the environmental inception report (EIR) for its Misima Gold Project in PNG marking the formal start of the environmental approvals process.

With the submission of the EIR with the PNG Government’s Conservation and Environment Protection Authority (CEPA) for initial review, the company has passed a key milestone in its strategy to return the flagship Misima Gold Project to production.

Quick facts: Kingston Resources Ltd

Price: 0.32 AUD

ASX:KSN
Market: ASX
Market Cap: $73.78 m
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Kingston Resources 'ecstatic' as PFS confirms long-life, low-cost potential...

Kingston Resources Limited's (ASX:KSN) (FRA:RZZ) Andrew Corbett speaks to Proactive's Andrew Scott following the completion of a positive pre-feasibility study for its flagship 100%-owned Misima Gold Project in Papua New Guinea. It confirms the potential of delivering gold production of 130,000...

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