Six Mile Hill is Kingston’s flagship exploration project. It has been selected for a world-first collaboration of mineral explorers, drillers, government and research institutes: the Mineral Systems Drilling Program.
Video Interview with Executive Director
Kingston Resources is pleased to present an investor video with Executive Director Stuart Rechner. In the interview, Mr Rechner discusses Kingston’s upcoming exploration campaign and collaborative drilling with the South Australian government at Six Mile Hill.
Latest media coverage regarding Kingston Resources Limited.
Like going to the dentist, mineral exploration and discovery can involve a lot of drilling and a fair amount of (financial) pain. And much like your friendly neighbourhood dentist, the longer it takes to understand what’s happening, the more it costs.
When it comes to getting information about the minerals and chemistry of a single drill hole, the process can take up to three months.read more
THE mining investment boom might be well and truly behind us now but some of the fruits of that era are still arriving.
One is the application of some advanced new technologies for mineral exploration which are in the process of being unpacked around South Australia’s highly prospective Gawler Craton area.read more
The southern Gawler Craton that straddles the top of the Eyre Peninsula is the target of an innovative drilling program by the Geological Survey of South Australia. The district has tantalised for a long time, beginning in 2006 with impressive intersections of lead, zinc and silver at Terramin Australia’s Menninnie Dam.read more
Latest ASX Announcements
KINGSTON RESOURCES LIMITED (ASX CODE: KSN)
Dear Shareholder, I write to provide you with an update following the events of last week.
As you know, Kingston withdrew its Rights Issue on 28 August 2015. A few days earlier, on 24 August, the Underwriters terminated the underwriting agreement due to a fall in the S&P ASX 200 Index by more than 10 per cent. In accordance with correct practice, the termination of the underwriting agreement necessitated the withdrawal of the Rights Issue.
Kingston Resources Limited (ASX: KSN) is pleased to announce a revised capital raising comprising an immediate placement to cornerstone investors to be followed by a Rights Issue to raise a total of up to $1.31 million.
Kingston has raised $360,000 by making a placement of 21.2 million new fully paid shares at $0.017 to sophisticated investors. The placement will include a one for three free attaching option exercisable at $0.03 and expiring on 30 June 2019.
Kingston Resources is pushing ahead with drilling at Six Mile Hill – targeting Iron Oxide Copper Gold (IOCG) mineralisation in one of Australia’s most endowed minerals provinces.
The highly experienced technical team at Kingston Resources (ASX: KSN) commenced drilling at its flagship Six Mile Hill (100% KSN) copper-gold exploration project at the start of August, targeting offset gravity-magnetic anomalism supported by shallow copper geochemistry.