The Way Linggo project includes the Way Linggo mine and Talang Santo mine.
With the completion of mining in April 2020, processing of stockpiles and mineralised waste occurred during the period concluding in September 2020, with the final gold sale occurring in November 2020. Subsequently, the processing plant was decommissioned, and the mine site placed on care and maintenance.
During the 2023 financial year, Kingsrose Mining Limited completed the sale of its interest in the Way Linggo gold project to Capwill Global Limited by announcement on 16 December 2022. At completion of the sale, the Company received US$7,500,000 that will be used to further its strategy of responsible critical metals discovery. Additionally, the Kingsrose Mining will receive a 2% net smelter royalty in respect of the Way Linggo gold project. |