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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

Post by BlindBoyon Oct 06, 2022 2:03pm
224 Views
Post# 35010050

RBC analyst Lam finds K92 Mining to be "most exciting"

RBC analyst Lam finds K92 Mining to be "most exciting"
 *Globe says Lam finds K92 Mining to be "most exciting"* K92 Mining Inc (C:KNT) Shares Issued 227,881,997 Last Close 10/4/2022 $8.19 Tuesday October 4 2022 - In the News The Globe and Mail reports in its Tuesday, Oct. 4, edition that RBC Dominion Securities analyst Wayne Lam began coverage of K92 Mining with a "sector perform" ranking and a $9.50 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $11.33. Mr. Lam is somewhat concerned with K92 Mining's "premium valuation." He calls K92 "one of the most exciting exploration stories today." Mr. Lam says in a note: "Kainantu represents one of the highest grade mines within the top 5 per cent globally, with total resources more than doubling to 5.5 Moz AuEq (M&I+I) the past few years net of depletion, fueling the decision to pursue subsequent expansions. K92 has built on exploration success via the Judd deposit, while the recent discovery of high-grade dilatant zones has shown potential for greater ore tonnage per vertical metre. As such, K92 has outlined an aggressive exploration program targeting resource conversion and additions at depth. Lastly, the Blue Lake target demonstrates potential for larger scale copper-gold porphyry opportunities across the property.  We view no shortage of targets for K92 with $15-million budgeted this year."

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