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Why Kingston’s $95M Misima Sale Could Transform Its Copper Future
2:10am on Monday 2nd of June, 2025 AEST
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Why Kingston’s $95M Misima Sale Could Transform Its Copper Future
2:10am on Monday 2nd of June, 2025 AEST
Key Points
Sale of Misima Gold Project to Ok Tedi for $95 million total consideration
Upfront payment of $50 million with deferred payments and a 0.5% gross revenue royalty
Proceeds to fully repay $15 million debt facility and fund Mineral Hill expansion
Transaction completion expected in Q1 FY26, pending regulatory approvals
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