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Kingsgate Consolidated Limited (ASX:KCN)

ALERT: Price-sensitive ASX Announcement for KCN
Current share price for KCN : $4.230 0.21 (5.22%)+
Announcement
Release
10 Oct 2025 9:23AM
Price at Release
$4.020
Full Release
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Summary
Kingsgate Consolidated Limited (ASX: KCN) has released its Mineral Resources and Ore Reserves Statement for October 2025. The report highlights significant updates, including the introduction of Reasonable Prospects of Eventual Economic Extraction (RPEEE) frameworks to improve the accuracy of Mineral Resource reporting. The group's total Mineral Resources are estimated at 3.6 million ounces of gold and 86 million ounces of silver, while Ore Reserves are at 1.5 million ounces of gold and 51 million ounces of silver. Notably, the Chatree and South-East Complex Mineral Resources show a 26% increase in gold content, attributed to a new geological model and enhanced estimation methodologies. The update for Chatree includes an inaugural estimate for the South-East Complex, contributing 0.55 million ounces of gold and 4.2 million ounces of silver. The reserves have been adjusted for mining depletion up to 30 June 2025. The statement was prepared in accordance with the ASX Listing Rules and the Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code).
Key Points
  • Introduction of RPEEE framework for resource reporting.
  • Group's Mineral Resources: 3.6 million ounces of gold, 86 million ounces of silver.
  • Group's Ore Reserves: 1.5 million ounces of gold, 51 million ounces of silver.
  • 26% increase in Chatree's gold content due to new geological modeling.
  • Chatree South-East Complex contributes 0.55 million ounces of gold.
  • Ore Reserves adjusted for mining depletion to 30 June 2025.
  • Statement aligns with ASX and JORC reporting standards.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.