K92 Mining Inc. T.KNT

Summary Operational Notes from Q2, 2022 Report

[ElJ]

In brief review of K92 Mining Q2, 2022 report the following selected operational-related extracts are provided for poster colleagues convenience:

• Gold grades were below budget due to stope sequencing. Management believes a strong throughput and higher grade stoping sequence planned for 2H 2022 positions Kainantu to potentially achieve further production upside.

• Mine performance was strong, exceeding mill throughput, with a record 114,471 tonnes of total mill feed mined, an increase of 59% from Q2 2021. Importantly, in June 2022, the mill delivered a monthly average throughput record of 1,251 tpd, significantly exceeding the Stage 2 Expansion target of 1,100 tpd. The additional TC-1000 secondary crusher was installed in late Q2 2022 and is currently being commissioned. Subsequent to quarter end, on July 6, a new daily mill tonnes processed record was achieved of 1,638 tonnes.

• The plant continues to demonstrate much higher throughput rates than the Stage 2 Expansion design (400,000 tpa / 1,100 tpd) and potentially higher than the Stage 2A Expansion design run-rate (500,000 tpa / 1,370 tpd. The new filter press has been installed and is operational.
  Metallurgical recoveries averaged 91.0% for gold and 90.9% for copper in Q2 2022 and we see further upside once the flotation tanks are installed that will double the rougher tank capacity.

• After completion of the infill drilling program at Kora, exploration is now almost entirely focused on resource growth, with up to 11 drill rigs operating at Kora, Kora South and Judd South. To date, four known veins have been recorded at the Judd Vein System. The veins remain open at depth, up-dip, along strike in both directions and only a fraction of the +2,500m strike length has been drilled. Recent drilling in the Kora and Judd structures demonstrates that the surface geochemical anomalies correspond with the lodes at depth.

• The Company is currently working on a number of community programs, including: establishing freshwater systems for local communities, performing extensive work on maintenance and upgrading of district roads, providing funding for a medical clinic including a nurse and medicines, refurbishing and performing maintenance on other medical clinics, refurbishment of a number of schools in the community, organizing and funding an adult literacy program for locals in the community, and launching an agricultural livelihood and training program with the purpose of providing greater nutritional knowledge to the local community. 

Peace,
Good Decision-making to All,
ElJ

[amishelvis]

Thanks EIJ, for those that are interested the call is posted on their website. Gold grades were 7gpt, and they expect higher/ normal grades in the second half. 9-10 gpt. they are not looking to go after blue lake at the moment  and have their sites on A-1 porphery.

[cyber37]

I’m a shareholder so the last thing I want to do is to be negative regarding this company …..but it is hard to be positive where there is no meaningful production increase for quarter after quarter. This Q2 is yet another same old, same old and more promises of rosy future. Time to deliver was ….yesterday, this 0.61 g/t was a laughable grade (why would they even release that?). But at least  

[ElJ]

Cyber37,                  When you said in your post ID # 34821470 that  "Also I’m not sure what “Gold grades were below budget due to stope sequencing” means – I’m not a miner"  I was trying to assist you through my response post ID #34823112 on July 14, 2022. When you now repeat that  "This Q2 is yet another same

[cyber37]

Correct, I’m not a miner but I have rather successfully invested in KNT & I’m still here even though the company is in a rot. While I respect your ‘intimate’ knowledge of mining vocabulary I think it is rather silly to imply that I need to memories the meaning of mining terms to impress investors on public forum like a stockhouse. Familiarity of terms may be helpful ...yes, but emphasis is on