afKingston Resources (ASX:KSN) named Argonaut PCF as its exclusive financial adviser to lead and manage a strategic process for the Misima gold project in Papua New Guinea, aimed at maximizing shareholder value, according to a Wednesday filing with the Australian bourse.
In 2022, a definitive feasibility study revealed the project's potential to produce gold at an average of 130,000 ounces per annum over a 20-year mine life, the filing said.
Shares fell past 3% in afternoon trade Thursday.
Price (AUD): $0.09, Change: $-0.003, Percent Change: -3.19%
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