KSN

Way back in May I suggested than Kingston Resources (ASX: KSN) wouldn't be going backwards any time soon. At that time, the share price was 8.9 cents; today it is 13 cents. That's a 50% increase in just a few months. You can't get that at the bank.

Drilling is about to start, and will continue throughout 2026. Results before April 2026.

Watch for the monthly throughput to get past 30,000 tons and to increase further in the next financial year. That's not a lot.

Recent getting rid of debt is a good thing. And management is focused on growing the business, without doing an equity raise.

The mine life at the moment is 5-6 years, and that's not very long. More exploration will be needed to extend the mine life. They are working towards the mine funding the future growth of the business. 

November and December are predicted to be higher grades, with a 25% growth in gold grades in November and December. Next quarter should see a break-even and a profit reached this financial year.

Debt-free, lower costs, and moving towards profit. This means that KSN is also looking for new opportunities to buy.

Mining their South mine will ramp up as they hit the gold grades. Underground mining will start delivering in Feb/March 2026.

Some exciting announcements to come. But there's also plenty of work ahead to build capacity. They have a plan and they look like they are sticking to it.

Their top priorities for the next 12 months:

Increase production;
Grow the cash position;
Develop new opportunities.

Look for dill hole announcements and look for resource upgrades.

These guys look like seriously delivering shareholder value. I can see another 50% growth happening in the short-term. 

I will check back in early Feb, just after the quarterly comes out, to see how they are going.