Stage 2A Expansion of K92 Mining Inc. (OTCMKTS:KNTNF) Receives Approval; Throughput to Increase Substantially at Kainantu Gold Mine

The Stage 2A Expansion of K92 Mining Inc. (OTCMKTS:KNTNF) has been approved by its Board of Directors. It is working on improving the annual processing throughput to 500,000 tonnes per annum at its Kainantu Gold Mine in Papua New Guinea. The expansion means a +25% increase from the Stage 2 processing capacity of 400,000 tonnes per annum.

Thanks to the stellar performance of the process plant till date, the decision to go ahead with the Stage 2A Expansion has been made easy. The process plant has shown that it can generate a throughput rate well in excess of 400,000 tpa (1,100 tpd), delivering a mill product size that is notably finer than required. They haven’t fallen behind on multiple daily throughput records either – there has been a single day record of 1,408 tonnes processed on September 22, 2021.

The Judd Vein System has played an integral role in the Stage 2A Expansion decision. It is situated near-mine infrastructure, subparallel to and ~150-200m east from the producing Kora deposit, within the mining lease and with similar metallurgical characteristics to Kora, Thus, Judd can utilize Kora’s incline and its footwall drive along strike while also being decoupled from Kora’s mining cycle. It means more development, mining, and mine planning efficiencies. The Stage 2A Expansion is expected to fully commence in 3Q 2022.

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