Development studies boost Kingston’s hope


KINGSTON Resources Ltd is confident about the progress in development studies and approvals for its flagship 3.6Moz Misima gold project in Milne Bay.
In a recent market release, it was satisfied with the completion of a mineral resource and ore reserve update, including studies and surveys to complete a definitive feasibility study, environmental and social impact assessment (ESIA) and mining licence application.
Following the completion of resource drilling in the Kulumalia area last month, the company expects an updated resource and reserve estimate for the Misima project in the September quarter.
Definitive feasibility study work programmes were progressing, with the first phase of metallurgical test work completed and phase two programme underway.
The current metallurgical test work programmes are supported by extensive historical processing data relating to Misima ore that was processed by the previous owner Placer over 15 years.
The company would work with the Conservation and Environmental Protection Authority and the Misima people on the project.
Managing director Andrew Corbett said: “Kingston is making fantastic progress on multiple fronts this year as we work to deliver a number of significant milestones on the path to recommencing gold production at Misima.
“We anticipate reporting the updated Misima resource and reserve estimate in the coming months, with these updated models to provide the foundation for our ongoing feasibility studies.