K92 Mining (TSX-V:KNT) owns the high grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualised rate of 50,000 ozs AuEq per annum. As at 30 June 2018, the mine had a Measured and Indicated Resource of 560,000 ozs AuEq and an Inferred Resource of 2.4 Mozs with combined average grades of over 12 g/t AuEq. The Company has an aggressive program of exploration drilling underway with three rigs operating 24/7. The program has returned extremely exciting results including one of the highest-grade intersections recorded on the TSX this year – 5.82 metres at 487.1 g/t AuEq. The results have allowed the Company to add almost 900,000 ozs AuEq to the resource in the last six months, alone.

The Company is currently in the process of updating a Preliminary Economic Assessment on doubling the current production rate by mid-2019, incorporating the increased resource. K92 Mining also has an extensive exploration position surrounding the mine with multiple porphyry and high-grade vein targets identified from previous exploration work. The Company recently commenced a drilling program on the Yompossa Porphyry Gold Copper Project, with first results due in September. With an experienced and proven management team, K92 Mining is well placed to achieve its goal of becoming a low-cost mid-tier gold producer.

Plans and Latest Developments:

Having increased the resource by almost 900,000 ozs this year, the Company is currently in the process of updating a Preliminary Economic Assessment on doubling the current production rate by mid-2019, incorporating the increased resource. K92 Mining also has an extensive exploration position surrounding the mine with multiple porphyry and high-grade vein targets identified from previous exploration work. The Company recently commenced a drilling program on the Yompossa Porphyry Gold Copper Project, with first results due in September. With an experienced and proven management team, K92 Mining is well placed to achieve its goal of becoming a low-cost mid-tier gold producer.

Why should investors invest in you?

In the last 12 months K92 has achieved commercial production and increased the know resource by almost 50% to 3 Mozs at a grade of over 12 g/t AuEq. The Company is on target to produce its guidance production of 42-46,000 ozs AuEq this year at a cash cost of US$560/oz and an AISC of US$760/oz. The Company has commenced an expansion program aimed at doubling production by the end of next year and has an aggressive program of underground diamond drilling which is targeting increasing the mine resource by a further 2 Mozs by mid 2019. based onto over is due to complete a PEA

Stock Exchange Listing: 

TSX-V:KNT

Market Cap:

CAN$140M

Primary Commodities:

Gold | Copper | Silver

Project Status:

Production

Countries of Operation:

Papua New Guinea

Board of Directors & Management:

  • Tookie Angus – Chairman
  • John Lewins – Chief Executive Officer and Director
  • Ian Stalker – Director
  • Graham Wheelock – Director
  • Saurabh Handa – Director
  • Mark Eaton – Director
  • Justin Blanche – Chief Financial Officer
  • Peter du Plessis – General Manager, Operations

K92 Mining (TSX-V:KNT) will be showcasing their mining projects to prospective investors at the International Mining and Resources Conference. Click here to claim your complimentary investor pass.