Kingston sells 75% of Australian gold project

PAPUA New Guinea gold developer Kingston Resources is to sell 75% of its Livingstone gold project in Western Australia to Metal Bank for about $10 million in cash, shares and milestone payments.

Kingston sells 75% of Australian gold project Kingston sells 75% of Australian gold project Kingston sells 75% of Australian gold project Kingston sells 75% of Australian gold project Kingston sells 75% of Australian gold project

The Livingstone gold project in Western Australia

The reason for this is that Kingston believes that its shareholders would get greater value in company developing the upside of Livingstone, and also because work on the Misima gold project is