logo-loader
viewKingston Resources Ltd

Kingston Resources Ltd seeks lithium riches near operating mine

au_wa_map_5__358_5785a282a4b8c.jpg

Kingston Resources Ltd (ASX:KSN) has received encouraging results from an initial rock chip sampling program at the recently acquired Mt Cattlin lithium project in Western Australia.

The Mount Cattlin package lies 14 kilometres from the 16 million tonnes at 1.08% Li2O resource and Mt Cattlin lithium mine operated by Galaxy Resources Ltd (ASX:GXY).

The rock chip results, including 3.23% Li2O and 2.76% Li2, were obtained from the Deep Purple South prospect, part of the Mt Cattlin tenements granted to Kingston last month.

Earlier this month, Kingston raised $6.01 million from investors toward the acquisition and exploration of 20 lithium-prospective tenement applications in Western Australia and the Northern Territory.

The company’s primary focus is now on lithium and covers four key project areas - Mt Cattlin, Greenbushes, Bynoe/Wingate and North Arunta.

The Greenbushes tenement is situated south of Talison Lithium’s (TSE:TLH) Greenbushes mine, the largest hard rock lithium mine in the world.

Andrew Corbett was appointed as managing director of Kingston earlier this month as part of a management reshuffle, setting the stage for a new era at Kingston.

The company has now started a detailed exploration campaign at Mt Cattlin, with the soils program commencing this week, followed by mapping and surface sampling.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Kingston Resources Ltd

Price: 0.18 AUD

ASX:KSN
Market: ASX
Market Cap: $31.79 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Kingston Resources Ltd named herein, including the promotion by the Company of Kingston Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read