After two years of preparation, Kingston Resources is ready to commence mining at the historic Mineral Hill mine in NSW.
The Mineral Hill copper-gold mine in the Cobar Basin has been on care and maintenance since 2016, but Kingston has been working hard to get it running again.
The company is aiming to produce gold, silver, copper, lead, and zinc concentrates from the site.
Having recently completed its tailings retreatment project, which generated $25 million in cashflow, Kingston is now able to transition to hard rock mining.
The site team is finalising a $12.5 million refurbishment of the processing plant, with initial crushing and grinding of ore set for July.
The mine’s flotation plant will be commissioned in August, providing Mineral Hill with full processing capability to produce multiple metal concentrates and precious metal bars.
“Mineral Hill offers a unique opportunity within the Cobar region as it is a fully approved operating mine with a license to operate for up to 700,000 tonnes per annum,” Kingston managing director Andrew Corbett said.
“It boasts a long-term tailings storage strategy, on-site water storage, access to both mains and generator power, local residential work force, biodiversity offset, cash backed environmental bond, and a highly supportive community.
“We are thrilled to be completing the tailings project and transitioning to phase two of our strategy with Mineral Hill. The open pit production will significantly increase cashflow to expand the business.
“Kingston’s aim is to establish a long-life precious and base metal mine with both organic and inorganic expansion options.”
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