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Kingston Resources Limited (ASX:KSN)

ALERT: Price-sensitive ASX Announcement for KSN
Current share price for KSN : $0.035 -0.037 (-51.39%)+
Announcement
Release
30 Apr 2024 9:29AM
Price at Release
$0.072
Full Release
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Summary
Kingston Resources Limited (KSN) has released its Appendix 5B cash flow report for the quarter ending 31 March 2024. The report outlines the company's cash flows related to its mining and exploration activities, including receipts from gold sales, payments for production, exploration, and evaluation, as well as administrative and corporate costs. The company also provides disclosures on financing activities, movements in cash and cash equivalents, and details regarding related party transactions. The quarter saw notable production from the Mineral Hill Mine and further exploration work at both the Mineral Hill and Misima Gold Projects. The report highlights the company’s cash position at quarter end, major expenditure items, and summarizes the key operational developments for the reporting period.
Key Points
  • Appendix 5B cash flow report for the quarter ending 31 March 2024 released.
  • Gold production and sales receipts from the Mineral Hill Mine contributed to cash inflows.
  • Payments made for production, exploration, evaluation, and administrative costs.
  • Exploration activities continued at Mineral Hill and Misima Gold Projects.
  • Summary of cash inflows and outflows, including financing activities.
  • Disclosure of related party payments and transactions.
  • Cash and cash equivalents position reported for the end of the quarter.
  • Operational and financial highlights provided for the reporting period.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.