Kingston Resources funded for mine restart with strong cashflow
–News Direct–
Kingston Resources Ltd (ASX:KSN) MD Andrew Corbett speaks with Proactive soon after reporting high grade polymetallic assay results from surface diamond drilling into the underground mineral resource at the Southern Ore Zone (SOZ) of its Mineral Hill mine in NSW. The geotechnical analysis is yet to be finalised, but numerous significant intersections were returned. The wide, high-grade portions of SOZ are highly significant as they indicate a strong potential for favourable margins for the business once underground production begins.
Corbett said: These results are very encouraging, not only due to the strength of the copper equivalent grades, but also because they validate the existing geological model.
Our underground production target, released at the end of June 2023, wa...
