Kingston Resources Shares Hit 52-Week High After Receiving Clearance for AU$95 Million Sale of Papua New Guinea Project

MT Newswires Live

2025/07/04

Shares of Kingston Resources (ASX: KSN) hit a 52-week high Friday after it said in a late Thursday filing that it received clearance from Papua New Guinea's Independent Consumer & Competition Commission (ICCC) for the sale of its Misima Gold Project to Ok Tedi Mining.

The company's shares were up over 7% in recent trade.

The ICCC approval satisfies all conditions for the AU$50 million upfront payment, finalizing the project divestment, the filing said.

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