• Sale of Misima Gold Project provides financial strength to accelerate growth at Mineral Hill
• New leadership appointments to sharpen site-level focus on growth and development
• Aggressive resource growth strategy to expand ore feed, increase processing rates, and maximise operating cash flow

Kingston Resources Limited (ASX: KSN) is pleased to announce a comprehensive strategy to expand available ore feed, increase the processing rates, and maximise operating cash flow at Mineral Hill. One of the key components of this plan is an extensive exploration program targeting discoveries along both the Mineral Hill trend and the Gilmore Suture Zone. Following the receipt of the initial $50M from the sale of the Misima Gold Project, Kingston is prioritising investment in copper and gold growth in Australia. The planned exploration investment far exceeds any investment made at Mineral Hill in decades. In parallel, the Company is implementing key management changes at the site level to sharpen focus on growth and development projects. While Mineral Hill currently has a life of mine scheduled out to 2031 based on the existing resource base, Kingston aims to increase scale by pursuing numerous growth strategies, including substantial investment in exploration drilling, mining studies to add existing brownfields resources into the mine plan, and acquisition/toll treatment/joint ventures with existing regional resources to truck to Mineral Hill. These strategies are aimed at enabling a staged mill expansion and maximising cash flow. Kingston has also completed a comprehensive review of the Mineral Hill and Cobar Basin resource development opportunities to identify high-priority exploration programs and economic studies. Geological and metallurgical studies are currently being completed for the Southern Ore Zone (SOZ) and Parker's Hill with the aim of optimising and expanding ore feed. Underground drilling will expand its focus from the near-term stope production areas at SOZ to include areas with high potential for discovery and resource extension.

Kingston expects the exploration programs to generate significant momentum in resource growth over the coming months. The company's priority is to establish sufficient mineral resources to unpin mining and engineering studies to support a potential mill expansion at Mineral Hill, which is already permitted to process up to 700ktpa of ore feed.

Kingston believes the Mineral Hill trend is long overdue for discoveries of additional copper, gold and base metal deposits, and the company is broadening its exploration strategy to target both in-mine extensions and regional opportunities. The company is also focused on maximising the capacity and utilisation of its Mineral Hill processing plant, which is seen as a major value driver.