Rapidly Expanding Tier 1 Gold Asset Large Land Package & World-Class Prospectiveity Significant Resource Growth Experienced Team with a Proven Track Record High Grade, High Margin Miner Socially Responsible Mining "Papua New Guinea is the land of Tier 1 mining assets, both in terms of size and grade, has some of the best geology on the planet and we strongly believe that we are located in one of the most prospective parts of the country. At K92 we are very fortunate to have two exceptional resources; our wo
The PEA shows potential for further growth, increasing throughput by 240% from the Stage 2A Expansion for a run-rate for a peak production of 500 koz AuEq, low life of mine average cash costs of $275/oz and all-in sustaining costs of $444/oz with a NPV5% of $1.3 billion at US$1,600/oz or US$1.8 billion at US$2,000/oz over an 11-year mine life. PEA capital expenditures are also fully funded from mine cash flow, and it is important to highlight that K92’s financial position has never been stronger than it is
It is also important to highlight that we see a tremendous opportunity to enhance the outcomes of the expansion plans through exploration in addition to other regional targets and have placed a major focus on this.”