Ticker: TSX-V: KNT
Project Stage: Exploration, Production
Commodities: Gold, Copper, Silver
Location: Papua New Guinea

K92 Mining owns the high grade Kainantu Gold Mine in Papua New Guinea which recently commissioned its Stage 2 Plant Expansion (in 3Q 2020) to double throughput and increase production to an average rate of 120,000-140,000 ounces AuEq annually. In July 2020, the Company completed its Stage 3 Expansion PEA for the Kora deposit that calls for Tier 1 run-rate production of 318,000 ounces AuEq annually at all-in sustaining costs of US$489 per ounce AuEq beginning in late-2023 and running until 2033. At a gold price of US$1500 per ounce, the after-tax NPV is US$1.5 billion and the capital cost is self-funded. At US$1900 per ounce the after-tax NPV is US$2.0 billion.

K92 is also ramping up its exploration activities, having increased the number of drill rigs from five at the end of 2019 to ten at the end of 2020, with more underway for 2021. The increase in drill rigs has resulted in not only increasing exploration rates, but more importantly capacity to target multiple vein and porphyry targets concurrently. At the end of 2020, K92 was drilling Kora, Kora South, Karempe and Judd epithermal vein systems in addition to the Blue Lake porphyry.

Recent exploration programs on Karempe and Judd have delivered promising results with high grade, solid thickness veins identified and similar mineralization as Kora. Underground development at Judd has also delivered high grades. The results are very promising and highlight the potential for the production scale of the Stage 3 Expansion to be increased.

K92 is well positioned to become a self-funded low cost, long life mid tier gold producer. K92 is the 2021 recipient of the prestigious Thayer Lindsley Award for the Best Global Discovery from the Prospector & Developers Association of Canada (PDAC) for Kora North.

K92 Mining Inc will be showcasing their projects to prospective investors at Mines and Money Online Connect. Apply for your complimentary investor pass here.