K92 Mining has commenced gold production from the Irumafimpa Gold Deposit, which together with the Kora Gold Deposit, is part of the company’s Kainantu Gold Project located in the Eastern Highlands province of Papua New Guinea. K92 is operated by an experienced team of mining company professionals who, combined, have been involved in building over 20 mines and $5 billion in buyouts. The Kainantu G
old Project is highlighted by:
- Existing infrastructure including underground mine development, mill processing facility, staff housing, licensed tailings pond, office space, paved access roads and reliable hydro supply via a dedicated power line
- USD $41.3 million invested in exploration drilling and definition drilling with the current resource estimate based on 78,935m of drilling via 767 drill holes
- Process Mill has successfully treated the first batch of underground ore delivered from Irumafimpa, with concentrate now produced
- Gold production at Irumafimpa targeted to ramp to steady state operations, reaching an annualized production rate of 52,000 Au per annum, over coming months
- Significant opportunity to expand known zones of mineralization; as well as for the discovery of new ore bodies
