Kingston Resources Limited has reported that it now holds approximately 75% of the historic Misima Gold Mine in Milne Bay Province.
The company said that following the August 2018 completion of its earn-in to 70% of the project, Kingston has funded 100% of the exploration activity at Misima. Under the terms of the JV agreement, this will see Kingston’s interest in the project increase further to what it now estimates is to approximately 75%.
“We are very happy to be continuing to increase our interest in the project as we advance exploration at Misima. We wish to thank our JV partner, Pan Pacific Copper, for its ongoing support of Kingston and interest in the project. We look forward to working with them as the project advances towards potential development,” Kingston managing director, Andrew Corbett, said.
