Kin Mining NL (ASX: KIN) is an emerging gold development company with a significant tenement portfolio in Western Australia's North-Eastern Goldfields. Kin's Board and management team expect to grow shareholder value in the near and mid-term with the development of the Leonora Gold Project (LGP) and continued exploration success.
The LGP is near the heart of the Leonora/Laverton belt, a highly prospective geological region and home to several cornerstone assets for significant global gold producers. The 2017 DFS included an upgrade in the project resources to 1.02Moz2 and a Maiden Ore reserve of 373,000oz. Funding of the LGP from a major international gold financier has enabled the commencement of construction of the 1.5Mtpa project plant. Site establishment and plant construction are underway with gold production scheduled for the end of 2018.
An aggressive ongoing exploration program within it's tenements aims to grow the Company's Reserves base and improve Reserves conversion throughout 2018 in the ramp up to production.