Kingston Resources has successfully commissioned the crushing and grinding circuits at its Mineral Hill processing plant. The project, managed and executed by the company's in-house team, highlights Kingston's efficient use of resources and low capital intensity.
The completion of mining and processing of tailings at Mineral Hill in late May marked a significant milestone. Following this, the tailings retreatment equipment was safely demobilized. Kingston has since transitioned its tailings mining team to open pit mining, recruiting and training additional miners, resulting in an open pit crew of about 40 employees.
Kingston remains committed to owner mining, prioritizing local recruitment to build a skilled workforce at Mineral Hill, which is expected to boost the local Condobolin community and Lachlan Shire's economic development. Drilling and blasting at Pearse North commenced on June 11, and over 25,000 tonnes of ore have been stockpiled on the Run of Mine pad, ready for processing in the now-commissioned circuit. This material will be fed directly into the CIL to produce gold and silver dore for sale.
An updated Mineral Resource Estimate for Pearse North in May 2024 showed a 30% increase in contained gold and a 67% increase in silver, with average resource grades of 3.2 g/t for gold and 33.9 g/t for silver. These Pearse pits are pivotal for Mineral Hill's transition to a longer-life hard rock gold and copper mining operation.
Andrew Corbett, Kingston Resources Managing Director and CEO, expressed enthusiasm for the transition to open pit mining, noting the expected boost in gold grade and increased silver production. He praised the company's reliance on in-house expertise for delivering value and fostering community partnerships, which positions Kingston for sustainable growth. Corbett highlighted the team's efficiency in transitioning from tailings mining to open pit mining in just eight weeks, with significant ore stockpiled and ready for processing, setting the stage for strong production results.
