K92 Mining Inc. T.KNT

Alternate Symbol(s): KNTNF

Metals & Mining Gold

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.

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Post by retiredcfon Feb 21, 2024 11:21am

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Post# 35890954

RBC

February 21, 2024

K92 Mining Inc.

Initial drilling at Arakompa shows potential for bulk mining scenario to support future operations

TSX: KNT | CAD 6.49 | Outperform | Price Target CAD 10.00

Sentiment: Positive

Our view: We expect a positive reaction from KNT shares following initial exploration results from Arakompa, which has delineated high grade mineralization ~4.5 km SE from existing infrastructure. Additionally, the results include intersection of near-surface porphyry style mineralization that could be amenable to a larger bulk mining scenario, which in our view could be important to future operations in helping to supplement higher grade ore from Kora/Judd and support the planned expansions. The deposit remains open along strike and at depth, with ramp-up in additional drilling planned over the coming months. Overall, we continue to view exploration as a significant driver for K92 supported by additions from the recent resource update, and anticipate emphasis on near-term execution as the company advances construction on the Stage 3 expansion.

Highlights include:

• KARDD0002: 2.1 g/t AuEq over 78.4 m (ETW) from 5.2 m
• KARDD0002: 24.8 g/t AuEq over 3.5 m from 143.6 m
• KARDD0002: 9.9 g/t AuEq over 2.7 m from 100.3 m