Annonce • Jun 26
Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.4 million. Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,714,286
Price\Range: AUD 0.035
Discount Per Security: AUD 0.00175
Transaction Features: Subsequent Direct Listing Annonce • Jun 11
Kingston Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.55 million. Kingston Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.55 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,428,571
Price\Range: AUD 0.07
Discount Per Security: AUD 0.0035
Transaction Features: Subsequent Direct Listing Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Chairman Mick Wilkes was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Chairman Mick Wilkes was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Chairman Mick Wilkes was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Oct 28
Kingston Resources Limited, Annual General Meeting, Nov 26, 2025 Kingston Resources Limited, Annual General Meeting, Nov 26, 2025. Location: hall chadwick, level 40, 2 park street, sydney, nsw 2000 Australia Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.003 loss per share (vs AU$0.001 loss in FY 2024) Full year 2025 results: AU$0.003 loss per share (further deteriorated from AU$0.001 loss in FY 2024). Revenue: AU$48.1m (up 23% from FY 2024). Net loss: AU$2.47m (loss widened 243% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Board Change • Aug 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Chairman Mick Wilkes was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • May 20
Ok Tedi Mining Limited agreed to acquire Gallipoli Exploration (PNG) Ltd from Kingston Resources Limited (ASX:KSN) for AUD 70 million. Ok Tedi Mining Limited agreed to acquire Gallipoli Exploration (PNG) Ltd from Kingston Resources Limited (ASX:KSN) for AUD 70 million on May 20, 2025. A cash consideration of AUD 50 million will be paid by Ok Tedi Mining Limited. Ok Tedi Mining Limited will pay an earnout/contingent payment of AUD 20 million cash. As part of consideration, AUD 70 million is paid towards common equity of Gallipoli Exploration (PNG) Ltd. The consideration also consists of 0.5% gross revenue royalty, payable over gold and copper production from Misima project. The royalty will be uncapped and will commence after 500koz of gold has been produced. The Royalty will be subject to a buyback right for Ok Tedi Mining Limited for a value of AUD 25 million cash. The royalty is subject to conditions customary for a royalty of this nature, including the granting of security in the form of a tenement mortgage in favour of Kingston Resources Limited to secure its rights.
Kingston Resources Limited anticipates the transaction completing during Q1, FY26, following the receipt of Independent Consumer & Competition Commission of Papua New Guinea approval.
Argonaut PCF Limited acted as financial advisor for Kingston Resources Limited. Ashurst Australia acted as legal advisor for Kingston Resources Limited. Allens acted as legal advisor for Ok Tedi Mining Limited. Treadstone Resource Partners Pty Ltd acted as financial advisor for Ok Tedi Mining Limited. PRICEWATERHOUSECOOPERS AUSTRALIA SERVICES PTY LTD acted as accountant for Ok Tedi Mining Limited. AMC Consultants acted as technical advisor for Ok Tedi Mining Limited. Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Chairman Mick Wilkes was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jan 22
Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.999997 million. Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.999997 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,666,621
Price\Range: AUD 0.075
Discount Per Security: AUD 0.0045 Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Chairman Mick Wilkes was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Dec 16
Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 6.4 million. Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 6.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 85,333,334
Price\Range: AUD 0.075
Discount Per Security: AUD 0.0045
Transaction Features: Subsequent Direct Listing Annonce • Dec 09
Kingston Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 6.4 million. Kingston Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 6.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 85,333,334
Price\Range: AUD 0.075
Discount Per Security: AUD 0.0045
Transaction Features: Subsequent Direct Listing Annonce • Oct 30
Kingston Resources Limited, Annual General Meeting, Nov 28, 2024 Kingston Resources Limited, Annual General Meeting, Nov 28, 2024. Location: physical meeting held at:hall chadwick, level 40, 2 park street, sydney, nsw 2000 Australia Reported Earnings • Sep 14
Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.024 profit in FY 2023) Full year 2024 results: AU$0.001 loss per share (down from AU$0.024 profit in FY 2023). Revenue: AU$39.3m (down 12% from FY 2023). Net loss: AU$720.4k (down 107% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Annonce • Aug 23
Kingston Resources Limited announced that it has received AUD 15 million in funding On August 23, 2024, Kingston Resources Limited has closed the transaction. The company raised $5 million in third and final tranche for aggregate proceeds of $15 million. The establishment fees of 3%. The line fees is 2.6% p.a. (including existing tranches) New Risk • Apr 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$45.0m market cap, or US$29.4m). Annonce • Apr 09
Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 8.09188 million. Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 8.09188 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 124,490,458
Price\Range: AUD 0.065
Discount Per Security: AUD 0.0039
Transaction Features: Subsequent Direct Listing Annonce • Mar 29
Kingston Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 13.4875 million. Kingston Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 13.4875 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 124,500,000
Price\Range: AUD 0.065
Discount Per Security: AUD 0.0039
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 83,000,000
Price\Range: AUD 0.065
Discount Per Security: AUD 0.0039
Transaction Features: Subsequent Direct Listing Annonce • Jan 22
Kingston Resources Limited Announces Executive Changes Kingston Resources Limited announced that Mr. Vinod Manikandan has been appointed as Company Secretary, effective immediately. Mr. Manikandan is an affiliate of the Governance Institute of Australia (GIA), a member of CPA Australia and holds a bachelor's degree in commerce. Further to this appointment, Ms. Robyn Slaughter from Automic Group will step down as Company Secretary of the Company effective immediately. For the purpose of ASX Listing Rule 12.6, Mr. Vinod Manikandan will be the person responsible for communications between the Company and ASX. Reported Earnings • Sep 15
Full year 2023 earnings released: EPS: AU$0.024 (vs AU$0.007 loss in FY 2022) Full year 2023 results: EPS: AU$0.024 (up from AU$0.007 loss in FY 2022). Revenue: AU$44.8m (up 276% from FY 2022). Net income: AU$9.81m (up AU$11.9m from FY 2022). Profit margin: 22% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Annonce • Sep 14
Kingston Resources Limited, Annual General Meeting, Nov 17, 2023 Kingston Resources Limited, Annual General Meeting, Nov 17, 2023. Annonce • Aug 19
Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.5 million. Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 52,941,176
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,764,706
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Aug 17
Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.870996 million. Kingston Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.870996 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,247,017
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,764,705
Price\Range: AUD 0.085 Annonce • Jul 12
Kingston Resources Limited, Annual General Meeting, Aug 14, 2023 Kingston Resources Limited, Annual General Meeting, Aug 14, 2023, at 14:00 AUS Eastern Standard Time. Location: Level 5, 126 Phillip Street Sydney New South Wales Australia Agenda: To consider ratification of Prior Issue of Tranche 1 Placement Shares; to consider approval to Issue Tranche 2 Placement Shares; and to consider other matters. New Risk • Jul 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$36.6m market cap, or US$24.4m). Annonce • Feb 15
Kingston Resources Limited Announces IP Geophysics Underway at Mineral Hill Kingston Resources Limited is currently in the process of collecting induced polarisation (IP) geophysics over the Mineral Hill tenements. An updated gravity geophysics interpretation, in conjunction with existing IP data, has provided new and highly prospective targets to the south of the Mineral Hill Mine. The current IP program aims to extend coverage to the south-eastern limit of the exploration tenements and boost the weight of evidence already provided by gravity geophysics in this area. The application of modern techniques and new exploration models demonstrates that Mineral Hill remains highly prospective both locally and regionally. The known mineralisation at Mineral Hill is directly associated with coincident IP chargeability highs and changes in gravity anomalism (that is high to low gravity). This association provides a key exploration tool for refining target generation and maximising the success rate of exploration drilling. Exploration success by other Explorers to the immediate southeast of Mineral Hill's EL1999 has provided further evidence of the region's significant prospectivity. Airborne electromagnetic and gravity gradiometric responses extend northwest from these prospects into Kingston's EL1999 and along trend from the Mineral Hill deposits. Kingston is focused on finalising the life of mine (LOM) planning for recommencing hard rock mining at Mineral Hill. This exploration work is just one part of the company's plan to grow its resource base and build on its existing mining inventory. Board Change • Nov 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Chairman Mick Wilkes was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Breakeven Date Change • Apr 27
Forecast to breakeven in 2022 The analyst covering Kingston Resources expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$7.40m in 2022. Earnings growth of 64% is required to achieve expected profit on schedule. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Chairman Mick Wilkes was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Feb 20
New 90-day low: AU$0.23 The company is down 10.0% from its price of AU$0.25 on 20 November 2020. The Australian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: AU$0.23 The company is down 2.0% from its price of AU$0.24 on 02 October 2020. The Australian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 28
New 90-day high: AU$0.29 The company is up 4.0% from its price of AU$0.28 on 28 August 2020. The Australian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is up 3.0% over the same period.