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Kingston Resources Ltd.
(Sydney:KSN)
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Rating:54Neutral
Price Target:
AU$0.04
▼(-68.33% Downside)
Action:Reiterated
Date:09/15/26
The score is primarily supported by a conservatively levered balance sheet and improving scale, but is held back by weak cash flow quality (mostly negative free cash flow and poor cash conversion versus net income) and a clearly bearish technical backdrop (price below key moving averages with negative MACD). Valuation is also less helpful due to the negative P/E and lack of dividend yield data.
Positive Factors
Conservative Balance Sheet
Low leverage and a growing asset and equity base provide financial resilience as the company develops its mineral projects. Contained debt exposure preserves flexibility to fund exploration, manage operating volatility, and withstand periods of weaker project performance.
Negative Factors
Persistent Negative Free Cash Flow
Repeatedly negative free cash flow indicates that operating resources have not covered investment needs over most periods. This can increase reliance on external funding or asset sales during heavy spending phases and limits the cash available for durable expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a growing asset and equity base provide financial resilience as the company develops its mineral projects. Contained debt exposure preserves flexibility to fund exploration, manage operating volatility, and withstand periods of weaker project performance.
Read all positive factors
Kingston Resources Ltd. (KSN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$44.91M
Dividend YieldN/A
Average Volume (3M)2.16M
Price to Earnings (P/E)―
Beta (1Y)0.92
Revenue Growth45.53%
EPS Growth-1109.68%
CountryAU
Employees120
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.04
Shares Outstanding1,213,768,700
10 Day Avg. Volume1,709,452
30 Day Avg. Volume2,158,291
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.22
Price to Sales (P/S)0.40
P/FCF Ratio-2.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.07
Revenue Forecast (FY)AU$175.00M
Kingston Resources Ltd. Business Overview & Revenue Model
Company Description
Kingston Resources Limited primarily focuses on the identification and appraisal of mineral resource assets throughout Australia. Key ventures in its portfolio include the Misima Gold project, situated in the Solomon Sea, and the Mineral Hill Mine...
Kingston Resources Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
82
Very Positive
Cash Flow
44
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 69.96M | 48.08M | 39.28M | 44.75M | 11.90M |
| Gross Profit | -2.76M | 25.52M | 17.58M | 23.77M | 1.09M |
| EBITDA | 6.24M | 10.33M | 7.33M | 14.26M | -1.93M |
| Net Income | 24.62M | -2.47M | -720.00K | 9.81M | -2.09M |
Balance Sheet | |||||
| Total Assets | 156.07M | 135.15M | 121.62M | 111.42M | 88.59M |
| Cash, Cash Equivalents and Short-Term Investments | 11.89M | 6.30M | 8.65M | 18.48M | 6.15M |
| Total Debt | 7.65M | 15.49M | 9.72M | 9.63M | 831.50K |
| Total Liabilities | 28.85M | 37.58M | 30.84M | 34.97M | 27.46M |
| Stockholders Equity | 127.22M | 97.57M | 90.78M | 76.45M | 61.13M |
Cash Flow | |||||
| Free Cash Flow | -9.53M | -10.41M | -17.53M | 3.87M | -16.72M |
| Operating Cash Flow | 10.28M | 12.90M | 5.88M | 15.49M | 2.98M |
| Investing Cash Flow | 6.32M | -23.28M | -29.24M | -16.78M | -21.96M |
| Financing Cash Flow | -11.11M | 8.28M | 13.51M | 13.91M | 13.55M |
Kingston Resources Ltd. Technical Analysis
Positive
0.12
Price Trends
0.03
Positive
0.05
Negative
0.08
Negative
Market Momentum
>-0.01
Negative
57.68
Neutral
73.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KSN, the sentiment is Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.68 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:KSN.
Kingston Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$44.91M | -0.99 | 18.94% | ― | 45.53% | -1109.68% | |
44 Neutral | AU$75.44M | -11.33 | -9.37% | ― | ― | -119.82% | |
42 Neutral | AU$45.65M | -1.88 | -142.42% | 1.31% | ― | -371.70% | |
40 Underperform | AU$48.04M | -8.95 | -35.89% | 153.53% | ― | -69.57% | |
32 Underperform | AU$164.51M | -14.58 | -13.28% | ― | ― | ― | |
31 Underperform | AU$66.96M | -7.85 | -62.36% | ― | ― | 7.11% |
* Basic Materials Sector Average
AU:KSN
Kingston Resources Ltd.
0.04
-0.09
-71.54%
AU:ODY
Odyssey Gold Limited
0.03
<0.01
9.68%
AU:MAT
Matsa Resources Limited
0.05
-0.07
-60.83%
AU:TAM
Tanami Gold NL
0.07
0.02
27.27%
AU:YRL
Yandal Resources Ltd.
0.18
-0.09
-33.96%
AU:PTN
Kin Mining NL
0.05
-0.03
-36.25%
Kingston Resources Ltd. Corporate Events
Kingston Resources Files 2026 Corporate Governance Disclosures with ASX
Sep 13, 2026
Kingston Resources Limited has lodged its Appendix 4G and updated corporate governance statement for the financial year ended 30 June 2026 with the ASX. The statement, current as of 11 September 2026 and approved by the board, details how the comp...
Kingston Resources Releases 2026 Annual Financial Report
Sep 13, 2026
Kingston Resources Ltd is an Australian-listed company in the resources sector, concentrating on exploration and development activities. Its annual financial reporting serves as a key disclosure tool, detailing performance, financial position and ...
Kingston Resources Boosts Mineral Hill Growth Prospects With Strong Jack’s Hut Drilling
Sep 7, 2026
Kingston Resources has reported strong infill drilling results from the Jack’s Hut deposit, adjacent to existing underground workings at its Mineral Hill mine in New South Wales. The program has delivered multiple high-grade intercepts in co...
Kingston Resources Director Options Lapse After Vesting Conditions Not Met
Sep 1, 2026
Kingston Resources Limited has reported a change in director Andrew Corbett’s indirect interests following the lapse of certain incentive securities. Corbett, whose holdings are held through Milamar Group Pty Ltd, saw a series of FY26 unlist...
Kingston Resources Reports Lapse of Over 9.9 Million Options
Sep 1, 2026
Kingston Resources Limited has notified the market of the cessation of several series of options listed on the ASX, following a lapse of conditional rights to these securities. The affected options, expiring between August 2029 and August 2031, ce...
Kingston Resources Balances Growth Investment With Liquidity in June Quarter
Jul 30, 2026
Kingston Resources reported quarterly receipts from customers of A$11,027,000, offset by production, staff and corporate costs that resulted in a modest operating cash outflow of A$3,116,000 for the June 2026 quarter, though operating cash flow re...
Kingston Resources pivots to growth drilling after Mineral Hill pit failure
Jul 30, 2026
Kingston Resources Ltd., an ASX-listed miner, operates the Mineral Hill polymetallic project in the south Cobar region, where its plant produces multiple metal concentrates and gold doré via flotation and CIL circuits. The operation benefits ...
Kingston Resources Director Increases Shareholding via Entitlement Offer
Jul 24, 2026
Kingston Resources Limited has reported a change in the holdings of director Mick Wilkes, reflecting his participation in a recent entitlement offer. Wilkes acquired 986,420 fully paid ordinary shares at $0.035 per share, increasing his direct sha...
Kingston Resources Seeks ASX Quotation for 4.2 Million New Shares
Jul 24, 2026
Kingston Resources has applied for quotation on the ASX of 4,213,954 new ordinary fully paid shares, with an issue date of July 24, 2026. The additional quoted securities expand the company’s listed share base, potentially enhancing liquidit...
Kingston Resources Seeks ASX Quotation for 133 Million New Shares
Jul 24, 2026
Kingston Resources Ltd. has applied to the ASX for quotation of 133,256,210 new ordinary fully paid shares, to be issued on 24 July 2026, under its existing capital management framework. The substantial share issue, previously flagged via an Appen...
Kingston Resources Secures $8.47m via Underwritten Entitlement Offer
Jul 21, 2026
Kingston Resources has closed its pro-rata non-renounceable entitlement offer, which sought to raise approximately $8.47 million through the issue of up to 241.9 million new shares at $0.035 each. Applications were received for around 104.7 millio...
Kingston Resources Banks $10m Deferred Payment from Misima Sale
Jul 12, 2026
Kingston Resources Limited has received a deferred cash payment of $10 million from Ok Tedi Mining Limited as part of the sale of the Misima Gold Project, bolstering the company’s financial position. The transaction structure preserves Kings...
Kingston Resources Extends High-Grade Ore Zones at Mineral Hill
Jul 8, 2026
Kingston Resources has reported new drilling results from the Southern Ore Zone at its Mineral Hill project, extending the high-grade Upper A Lode to the east and south while remaining open in both directions. As A Lode underpins a large portion o...
Kingston Resources launches $8.47m fully underwritten entitlement offer
Jul 3, 2026
Kingston Resources Limited has opened a fully underwritten non-renounceable entitlement offer to raise about $8.47 million through the issue of one new share for every four existing shares at $0.035 per share. The offer targets eligible shareholde...
Kingston Resources Seeks ASX Quotation for Over 125 Million New Shares
Jun 25, 2026
Kingston Resources Ltd., an Australia-based resources company listed on the ASX as KSN, focuses on exploring and developing mineral projects and aims to grow its production profile in the mining sector. The company targets commodity demand in both...
Kingston Resources Plans Major Non-Renounceable Pro Rata Share Issue
Jun 24, 2026
Kingston Resources has outlined plans for a non-renounceable pro rata offer of up to 241,910,936 new fully paid ordinary shares, as disclosed in an Appendix 3B filing to the ASX. The offer, which includes a record date of 30 June 2026 and an issue...
Kingston Resources Launches Fully Underwritten $8.47m Rights Issue
Jun 24, 2026
Kingston Resources Limited has launched a fully underwritten, non-renounceable rights issue offering one new share for every four held at $0.035, aiming to raise about $8.47 million from eligible shareholders, with a top-up facility allowing inves...
Kingston boosts Mineral Hill resources with major Southern Ore Zone upgrade
Jun 23, 2026
Kingston Resources has delivered a major upgrade to the Southern Ore Zone resource at its Mineral Hill mine, increasing the SOZ Mineral Resource by 50% to 6.54 million tonnes and lifting Measured and Indicated resources by 38% to 3.05 million tonn...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.