K92 Mining Inc. T.KNT

RE:News from png

[BlindBoy]

thanks for that outstanding article !  Excellent and professional interview !  

• increase from 82,000 ozs gold in 2019, to 100,000 ozs gold in 2020 and 140,000 ozs gold in 2021.
• plant expansion was commissioned during the September quarter
• achieved a major milestone in July with the payment of the first installment of corporate tax, representing K17.6 million
• well ahead of schedule and reflects the commitment of the company to ensuring the sharing of economic benefits from the success of the operation, which also includes payment of a two per cent (K10 million) royalty and 0.5 per cent (K2million) levy to the Mineral Resources Authority (MRA)
• next phase will increase throughput to one million tonnes per annum and increase production to 300,000 ozs per annum
• has already started development of the new twin incline to allow the mine to ramp up production over the next three years
• first drilling was completed on the Karempe project ...  KA1 Vein, hole KRDD0005 recording 2.45 m at 39.82 g/t Au, 6 g/t Ag and 0.19 per cent Cu 
• agreement in principle was reached, including plans for a five per cent interest in Mining Lease 150 to be acquired by local landowners and the Eastern Highlands government, additional funding commitments, community infrastructure, and multiple business development initiatives. We are looking to finalise the updated MoA in the current quarter
• and more in the interview ...