Kingston Resources (KSN.ASX): Mineral Hill growth plan, 40,000m drilling, debt-free

In this ASX small-cap analysis, Kingston Resources (KSN.ASX) dives into the current strategic trajectory: the Missima Gold Project sale, a debt-free balance sheet and a bold Mineral Hill exploration and expansion programme. CEO Andrew Corbett explains how the $50 million cash from Missima is being allocated across debt repayment, drilling for organic growth, and plant optimisation to de-risk and extend the mine life. What you’ll learn: - A detailed look at the 40,000 metre drilling programme over the next two years, split roughly 50/50 between greenfield discoveries and extending current resources. - The plan for one underground and one surface drill rig running by November, targeting a near-term expansion of Mineral Hill’s capacity and mine life. - Kingston’s hub-and-spoke strategy for Mineral Hill, including staged mill expansion and potential cross-feed from third-party ore while maintaining a solid base load. - Leadership updates at Mineral Hill (Melanie McCarthy as General Manager; Jeff Merrill shifting to growth and studies) and what that means for project delivery and capex. - Kingston’s broader five-year to ten-year growth outlook in copper and gold, with a focus on brownfield assets, existing processing capability, and a strong balance sheet to fund growth. Key takeaways from the interview include Kingston’s aim to achieve a 10-year mine life at Mineral Hill at 350,000 tonnes per annum (tpa), with a clear path to 2,000 tpa through staged expansion and internal organic growth before considering outside ore sources. The video also covers the risks of underground ramp-up, people capability, and the company’s commitment to diversity and local employment as a core part of its culture. Timestamps: 00:00 Introduction and Kingston update 00:14 Welcome and setting the scene with Andrew Corbett 00:20 Missima sale recap and Mineral Hill programme 00:53 Debt repayment and cost base improvements 03:15 Exploration plan and drill rigs for Mineral Hill 03:53 Targets and the path to a 10-year mine life 04:36 Stage mill expansion and feed considerations 06:35 Organic growth vs base load strategy 07:00 Underground ramp-up risks and readiness 08:05 Third-party feed and hub-spoke viability 09:59 Leadership appointments at Mineral Hill 10:20 Melanie McCarthy joins as GM; Jeff Merrill to growth studies 12:00 Kingston’s culture and diversity initiatives 13:16 Diversity in the workforce and local hiring 13:41 Five-year copper/gold growth outlook 15:06 Mineral Hill financials and value creation 15:28 Opportunities arising from the strong balance sheet 16:11 Closing remarks and next steps If you enjoyed this breakdown, subscribe and ring the bell for more Kingston Resources updates, drill results, and Mineral Hill milestones. ⚠️ IMPORTANT DISCLAIMER: This content is for educational and entertainment purposes only and should not be considered financial advice. All investments carry risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research and consider seeking advice from a qualified financial advisor before making investment decisions. The creator may hold positions in securities discussed. 📌 Articles: https://smallcaps.com.au/kingston-resources-accelerate-mineral-hill-development-debt-free-transition https://smallcaps.com.au/kingston-resources-mineral-hill-copper-gold-selling-misima-ok-tedi-mining https://smallcaps.com.au/kingston-resources-capital-raise-accelerate-mining-pearse-mineral-hill-projects https://smallcaps.com.au/kingston-resources-finalises-geotechnical-drilling-pearse-north-open-pit-development https://smallcaps.com.au/kingston-resources-boosts-gold-production-cost-reductions-mineral-hill 🔎 More on this company: https://smallcaps.com.au/stocks/asx-ksn/ ⸻ Small Caps is Australia’s #1 site for market news & information on ASX-listed small cap companies. 🌐 WEBSITE https://smallcaps.com.au/ 🎧 PODCAST https://smallcaps.com.au/podcast/ 📱 SOCIAL MEDIA Facebook: https://www.facebook.com/SmallCapsASX Twitter: https://twitter.com/SmallCapsASX LinkedIn: https://www.linkedin.com/company/small-caps/ 📬 NEWSLETTER https://smallcaps.com.au/subscribe/