Kingston Resources Recommissions Mineral Hill Processing Plant, NSW
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Kingston Resources Limited has successfully recommissioned the crushing and grinding circuits with the CIL (Carbon-in-leach) at the Mineral Hill processing plant.
Gold and silver sales recommenced last week, an important milestone for the company as they ramp up sales post completion of the tailings retreatment. The company said it can now take full advantage of the rising gold price with sales of gold at over A$3700/oz last week, a record for the company.
“Ore mined from our new open pit at Pearse North has been processed into gold through our newly refurbished processing plant and sold into a market experiencing the highest gold prices in recorded history. The entire team is excited with progress on ramping up Mineral Hill and the recommencement of gold and silver sales. We’re now returning to our regular cycle of gold and silver dore sales and are bedding in the regular operational tasks to maximize margin and cash flow from operations,” said Kingston Resources Managing Director and CEO, Andrew Corbett.
“Our site team have done an outstanding job in leading the plant refurbishment and open pit start up safely and delivering a step change in production at Mineral Hill. The refurbishment team are finaliszng the work program on the flotation plant which we expect to commission during October, when we commence sulphide ore production from the open pits,” added Corbett.
Open pit mining at Mineral Hill is initially focused on Pearse North, with oxide and transitional ore continuing into next quarter, at which time sulphide ore production will commence at Pearse North. Mining at Pearse South is also due to commence next quarter. Pearse South was mined historically and will be producing high grade sulphide ore on commencement.
Kingston Resources is currently producing gold from its Mineral Hill gold and copper mine in NSW and owns the 3.8Moz Misima Gold Project in PNG. The company’s objective is to establish itself as a mid-tier gold and base metals company with multiple producing assets.
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