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How Kingston’s $95M Misima Sale Fuels Mineral Hill’s Ambitious Growth
2:06am on Monday 2nd of June, 2025 AEST
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Mining
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How Kingston’s $95M Misima Sale Fuels Mineral Hill’s Ambitious Growth
2:06am on Monday 2nd of June, 2025 AEST
Key Points
Binding agreement to divest Misima Project to Ok Tedi Mining for $95 million
Upfront $50 million cash payment with deferred payments and 0.5% gross revenue royalty
Proceeds to repay $15 million debt and fund Mineral Hill expansion
Mineral Hill mine life extended with underground development and drilling programs
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