K92 Mining Inc T.KNT

Alternate Symbol(s): KNTNF

Metals & Mining Gold

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.

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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