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K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150). Within and surrounding ML 150 is an epithermal vein field consisting of multiple known and highly prospective vein systems: Kora, Irumafimpa, Karempe, Judd, Kora South, Judd South, Mati, Maniape and Arakompa. Mining is focused on the Kora vein system, consisting of two dominant veins and the Judd vein system consisting of four known veins with one vein being mined. There are multiple near-mine infrastructure targets, within the Kora-Kora South, Judd-Judd South and Karempe vein systems.


TSX:KNT - Post by User

Bullboard Posts
Comment by invest234on Oct 01, 2020 11:14am
314 Views
Post# 31648701

RE:Crux Investor Interview

RE:Crux Investor Interview a lot more room to grow.

"We’ve probably drilled about 20% of the high-grade veins within our mining lease. We’ve still got a long way to go in terms of the potential of the mining lease itself. Then, surrounding that, we’ve got 700km2 of the land package, which has got a lot of potential in terms of, not only high-grade vein systems, such as for mining but also pathways."

"You say, well actually now Judd’s come up and you know what, there’s another 5Moz a year coming out of Judd, and Karempe is also looking pretty good and there’s a bit more coming out of there, and that extra kilometre that we went down along to the south, that’s come in and, you know, there’s another 1Mt a year coming out of there. Whereas, we’ve said, ‘Look, we know that we’ve got more ounce’s underground. We’ve got more ounces on this mining lease and we think that we’ve got more ounces to the south, so we’ve got to allow for that.’ The cost of that optionality is small."

'"When this 1Mt tonnes per annum project comes in, we’ve got a 400,000t per annum plant just sitting there that’s going to be available to take from Judd, or to take additional ounces from Kora."

"I haven’t even gone to Maniape and Arakompa, which have historical resources of 1.5Moz, down to only 200m, and are actually closer to where the plant is than Kora. Haven’t been drilled for 20-years. So, it’s a historical resource. It’s not been mined; it’s just a historical resource and we’re scheduled to be drilling those areas over the next 12-months as well."

"Are we expensive? I think with what we’ve got going on right now, we’ve got a long way to go in terms of share price market cap."
Bullboard Posts