Gold Juniors

[JBmurc]

Another positive update on Pearse North today>>

• Preliminary significant intersections (using a 1.0g/t Au cut off) include:
o PNGT01 – 7.4m @ 2.91g/t Au and 27g/t Ag from 0.6m.
o PNGT02 - 3.6m @ 4.90g/t Au and 70g/t Ag from 42.4m.
o PNGT03 - 3.0m @ 6.03g/t and 54g/t Ag from 52.0m.
o PNGT04 – 4.0m @ 3.35g/t Au and 90g/t Ag from 22.0m.
o PNGT04 – 9.82m @ 2.46g/t Au and 18g/t Ag from 28.1m.
• These drill holes were primarily conducted to gather geotechnical data for pit wall designs.
• The results validate the existing resource model and enhance the level of confidence in the
estimates' geometry and grade.

So under the radar .. buying them while they are cheap won't last forever,IMHO The open-pit operation looks very profitable esp with further high-grade hits right near the surface being discovered ..

More updates to come>>

-Resource updates .. Pearse North, Pearse South, and SOZ.. more LOM

-Early 2024 open-pit production updates

-Misima - JVP ? trade sale ? capex of A$476m and average LOM AISC of A$1,217/oz... 120-130kozpa over a 20-year mine life..valued at zero IMHO ...but could well be free carried JV worth millions pa to KSN ...or outright sale?
using the numbers min = 120koz x A$1700oz =204Mill pa x 20y =A$4bill+ .... aka rough $3Bill EBITDA ...10% trade value 300mill ?? ok lets make it a joke 1% = $30mill trade sale + fat muti million royality pa for 20yrs ..


KSN market value =A$41mill

AUD GOLD spot =$3020oz

[Joshuatree]

[QUOTE=Joshuatree;1013299]. GCY name change ticker now SPR 23.5c double bagger half a cent away.Bought some ORA too@.005c , cap raise @,.004c lots of promise with this one too dyor.

Update SPR now 33c and rising 3 bagger not far off.
ORA (ticker OAU) now .008c

[JBmurc]

[QUOTE=Joshuatree;1019904]

. GCY name change ticker now SPR 23.5c double bagger half a cent away.Bought some ORA too@.005c , cap raise @,.004c lots of promise with this one too dyor.

Update SPR now 33c and rising 3 bagger not far off.
ORA (ticker OAU) now .008c

Great work ..... don't forget to get your capital out at some point and get that free carry ... then your rollin...

Sold around 5th of my ARV holding 4.6c and used the same funds to BUY back in 3.8c the next day ... my target 9-10c ... sell 40% walk with 100K+ profit

[Joshuatree]

[QUOTE=Joshuatree;1019904]

. GCY name change ticker now SPR 23.5c double bagger half a cent away.Bought some ORA too@.005c , cap raise @,.004c lots of promise with this one too dyor.

Update SPR now 33c and rising 3 bagger not far off.
ORA (ticker OAU) now .008c

Great presentation here of SPR with 3d modelling.This is just the beginning imo.
https://www.gowebcasting.com/confere...-metals-summit

[Joshuatree]

[QUOTE=Joshuatree;1019904][QUOTE=Joshuatree;1013299]. GCY name change ticker now SPR 23.5c double bagger half a cent away.dyor.

Update SPR now 35+ and rising 3 bagger not far off/QUOTE]
Fab straight up factual presentation here with great 3d modelling
https://www.gowebcasting.com/confere...-metals-summit

[JBmurc]

GOLD/SILVER,Base metals
Producer/development upside

KSN - KINGSTON RESOURCES

468mill shares -63%+ held by top20
Mktcp-$39Mill\
SP-7.8c
CASH-18MIll
DEBT-10Mill

IMHO a brilliant GOLD,silver,base metal play at present market value .. with two main projects

1#-MIneral hill- Processing Infrastructure
• CIL with 700ktpa
capacity.
• Flotation plant capacity
of 350ktpa.
• 3 x separate base metal
concentrates; copper,
lead and zinc (superior
payability compared to
bulk concentrate).

ML jorc resources GOLD - 323koz SILVER 6,566koz copper 72kt lead 113kt Zinc 81Kt

5yr+ LOM at present

• 5 principal target exploration areas close to plant(from just one permit)
1. Claytons Dam (Au)
2. Walkers Hill (Au-Cu-Pb)
3. Long Panel Mine & Websters
Gossan (Pb-Zn-Cu-Au)
4. Gleninga (Au)
5. Yellow Mountain & China Workings
(Pb-Zn-Cu-Au)

High potential to add mining inventory from exploration within the current mineral hill leases with 15x leads

Surrounded by other projects that could be aquired or JVP/toll treated

#2 -PNG GOLD/SILVER project

3.8MOz GOLD 22.1MOz Ag

NPV- A$1Bill++ (at present Au/Ag prices)

IMHO a major JVP deal with free carry royalty for KSN

Chairman’s Letter
To our valued shareholders and other stakeholders
Welcome to the Annual Report for 2023.
It has been a successful year for Kingston marked by the first full year of gold production and cash flow. The Mineral Hill operation sold over 16koz of gold at an All in Sustaining Cost of under $1700/oz producing strong operating cash flows of over $15m, underpinning a full year after tax profit for the Company of just under $10m. This is an outstanding result which exceeded our expectations. As evidenced by these results, the strength and quality of the people within the business continues to grow and full credit goes to Andrew Corbet and his team at Mineral Hill.
In addition to the successful delivery of operating targets, the Company completed a feasibility study for the reopening of open pit and underground mine at Mineral Hill, including the refurbishment of the crusher, grinding mill and flotation circuits. The study has produced a 5-year mine plan with strong economics, and the Board approved the project in June this year.
Work has already progressed significantly, with much of it being done in house, building on our philosophy to self-perform activities as far as is practical to minimise risk and maintain control of the cost outcomes. The projects and maintenance teams at Mineral Hill have moved quickly to finalise contracts for refurbishment of the plant, place orders for long leads items, and complete site preparations.
Open pit mining plans for the Pearse deposits have progressed with a short-term mining contract tendered. Plans for reopening the underground at the Southern Ore Zone (SOZ) have also progressed with commencement of dewatering, recruitment of mining personnel and purchase of underground mining equipment.
At Misima having completed a high quality DFS and environmental and social assessments, which highlighted its economic viability, we are exploring our strategic options to progress the project to development. Discussions are continuing with interested parties and we will continue to seek value creation for our shareholders from this fantastic gold project.
I wish to thank all of you for your support and look forward to continuing to grow the Company for all our stakeholders.

[Joshuatree]

[QUOTE=JBmurc;1019950]

Great work ..... don't forget to get your capital out at some point and get that free carry ... then your rollin...

Sold around 5th of my ARV holding 4.6c and used the same funds to BUY back in 3.8c the next day ... my target 9-10c ... sell 40% walk with 100K+ profit

Cheers sold half now 580% up.Great presentation out,all watching the 900 metre drill with glints in our eyes.Definitely a bit of fever with this one.

[Joshuatree]

https://hotcopper.com.au/documentemb...2BRp7bFiGug%3D

SPR keeps on hitting gold.

[Norwest]

Gold price at all time high at close in USD and AUD

[Daytr]

Gold price at all time high at close in USD and AUD

What are you talking about. It spoke to $2150 briefly in USD terms only three months ago.
Looking good though, I predicted only a few months ago it would head to $3k USD once the interest rates reduce & I stand by that. AUD will be higher though as well.