Kingston to present reports on gold project next year

The National Business

RELEVANT studies being carried out by Kingston Resources for the Misima gold project in Milne Bay are expected to be submitted by next March, according to the company.
Kingston noted in its September 2021 quarterly activities report that this included mining lease studies. Other achievements of the project highlighted in the report included:

  • A 39 per cent increase in indicated resource to 2.5 million ounces (Moz) of gold (Au) to underpin the definitive feasibility study (DFS) and anticipated potential ore reserve upgrade as part of the DFS;
  • KEY process engineering contract executed with Lycopodium, with plant design work and simulations now underway;
  • BALANCE of DFS engineering packages awarded with work underway on civil works, site water management, high voltage electrical work, non-processing infrastructure, mine geotechnical assessments and mine planning;
  • GEOTECHNICAL drilling and site investigation programme to be completed this month (November);
  • MINE design work underway incorporating the updated resource estimate;
  • MAJORITY of environmental and social impact assessment (ESIA) baseline field surveys now completed, with those remaining to be completed in the December quarter;
  • SOCIAL baseline studies completed, with landowner studies and engagement progressing; and,
  • All DFS, ESIA and mining licence studies and applications on track for completion and submission in March 2022.

Kingston managing director Andrew Corbett said the release of the updated 3.8Moz mineral resource for Misima was a key milestone for the team during another active and successful quarter.
“The substantial upgrade in resource classification has firmly established Misima as one of the most exciting new mid-tier gold development opportunities in the Asia-Pacific region,’ he said.
He said the company’s refined geological model for the Umuna deposit represented a key step forward for the project and further reinforced potential for Misima.