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KINGSTON RESOURCES LIMITED — Capital/Financing Update 2011
Mar 30, 2011
65206_rns_2011-03-30_2c350ff6-6c88-47f9-b87e-ef78e73f164f.pdf
Capital/Financing Update
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ABN 16 009 146 794
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Suite 3, 72 Canning Highway, Victoria Park, WA, 6100, Australia Telephone: (08) 93613887 Facsimile: (08) 93612658 Web: www.oroya.com.au
ASX Announcement 31 March 2011
M12 RARE EARTH TARGET UPDATE
The Company is very pleased to advise that Program of Works for the Mt Barrett Project has been approved by the Department of Mines and Petroleum (Western Australia). The Mt Barrett Joint Venture Operator has engaged Drillwise Pty Ltd to complete the 900m drilling program on the M12 (Mt Weld Style Rare Earth) Target which is scheduled to commence on the 18[th] April 2011.
The gravity survey being conducted by Atlas Geophysics was predominantly completed but was interrupted due to the weather conditions. The completion of the survey is scheduled for the end of next week.
We look forward to providing more detailed information on the development of the project as we progress.
Re Mt Barrett Joint Venture
Datamotion Asia Pacific Limited is earning 70% in the project and Oroya Mining Limited is free carry for 30% to a decision to mine.
Ken Lim
Executive Chairman