https://www.miningweekly.com
Copper|Gold|Infrastructure|PROJECT|Resources|Underground|Waste|Infrastructure|Waste
Copper|Gold|Infrastructure|PROJECT|Resources|Underground|Waste|Infrastructure|Waste
copper|gold|infrastructure|project|resources|underground|waste-company|infrastructure|waste

Kingston seeking approval for SPP

Image shows stacked coins

Photo by Bloomberg

10th July 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Kingston Resources is hoping to raise A$1-million through a share purchase plan (SPP) to fund the refurbishment of the processing plant, underground infrastructure re-access and openpit pre-production waste stripping at its Mineral Hill operation, in New South Wales.

The SPP was part of a larger A$6.5-million capital raise announced in June, which included a A$5.5-million share placement.

The company on Monday said that the SPP would allow shareholders to subscribe for up to A$60 000 of additional shares in the company, priced at 8.5c each. In addition, for every two shares issued under the SPP, eligible shareholders would also receive one unlisted option exercisable at 14c each before the end of July 2025.

The SPP is subject to shareholder approval at the company’s extraordinary general meeting scheduled for August 14.

The company earlier this year updated the life-of-mine plan for the Mineral Hill project, which estimated a production of 123 000 oz of gold equivalent out to the end of 2027. Copper production is expected to start by the end of the 2024 calendar year.

The restart project will require a capital investment of A$16-million.  

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (08/12/2023)
Updated 2 hours 7 minutes ago By: Martin Creamer

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine cover image
Magazine round up | 08 December 2023
8th December 2023

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.156 0.192s - 92pq - 2rq
Subscribe Now