An AI-generated image of an open-pit mine, taken from the ground level. Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Kingston Resources (ASX:KSN) has announced the commencement of open pit mining at Pearse North, part of its NSW-based mining operations.

That larger project is called Mineral Hill; open pit blasting has already occurred with drillers now on-site at the project commencing digging and haulage operations.

Behind all of this is a plan to lift silver and gold grades at Mineral Hill with oxide ore now being extracted at Pearse North, achieved for the first time earlier in June.

That oxide ore is anticipated to see downstream processing at Kingston’s existing plant in July once refurbishments wind up.

The company recently wrapped up a tailings re-treatment project three weeks before open pit mining kicked off using leftovers from Mineral Hill’s last owners back in 2016.

The company boasted an “owner-operator mentality” on Tuesday and noted 13 new members of staff will be hired across the next month and a half. Surface extraction training has been a common theme.

“The Pearse North and Pearse South open pits will be the initial stages of our return to hard rock mining at Mineral Hill,” Kingston CEO Andrew Corbett said.

“We are delighted to announce the commencement of open pit mining at Pearse North, which signifies a major step forward for the Mineral Hill project.”

Gold prices have slipped in the last month, down -4.29% as of 10am AEST on Tuesday. However, Year-on-Year (YoY), prices for the yellow metal are up +19.07%.

KSN last traded at 7.5cps.

ksn by the numbers
More From The Market Online
The words "ASX Market Open" appear alongside a Bear ( FALL ) with a market chart graphic floating above it. The whole image is faded yellow and orange.

ASX Today: XJO down -2% as investors presumably realise 4% CPI isn’t a good thing

When America coughs the world catches a cold, but apparently Australia’s immune system is compromised.

Broken Hill Gold obtains third gold pour from existing heap leach ore at White Dam

Broken Hill Gold has achieved a third gold pour from re-crushed material on the existing heap…
Flexiroam concept traveller using global eSIM network

This ASX comms stock is up +160% over the last year, and just turned profitable. Here’s how FlexiRoam disrupts the market

If you’ve gone travelling overseas in the last few years, you may have heard of eSIMs – in essence, a digital SIM card

Elixir Energy hits milestone at Lorelle-3H well with commencement of post-soak flow testing

Elixir Energy is set to hit a key milestone with a new phase of testing of…