K92 Mining Inc. (“
K92” or the
“
Company”) (TSX-V
: KNT;
OTCQX
: KNTNF) is pleased to announce the results
of the Preliminary Economic Assessment (“PEA”) on its Kora gold
deposit (“Kora”), which together with its Irumafimpa gold deposit
(“Irumafimpa”) comprise the Kainantu Gold Mine Project (the
“Kainantu Project”) in Papua New Guinea. Based on the results of
the study, the Company is proceeding to a Definitive Feasibility
Study (“DFS”) for the Kora Stage 3 Expansion.
Stage 3 Expansion PEA Study
Highlights
- After-tax NPV5% of US$1.5 billion at US$1,500 per ounce
gold, increasing to an after-tax NPV5% of US$2.0 billion at
US$1,900 per ounce gold.
- Average annual expansion run-rate production of 318,000
ounces gold equivalent (“AuEq”)(1) per annum at 1.0Mtpa, commencing
in late-2023, representing a 165% increase from Stage 2 Expansion
Life of Mine (“LOM”) average annual production.
- LOM average cash costs of US$353 per AuEq ounce and
AISC(2) of US$489 per AuEq ounce.
- Low cash costs of US$202 per gold ounce and AISC costs
of US$362 per gold ounce net of by-product credits.
- Initial pre-expansion capital cost of US$125 million
and life of mine sustaining capital cost of US$341 million with all
capital costs fully funded by existing Stage 2 Kainantu mine cash
flow.
- Mine life of 12 years, including ~3 years of Stage 2
production (2021 to late-2023).
- AuEq – calculated on the following metal prices: Au –
US$1,500/oz, Ag – US$18.00/oz, Cu – US$3.00/lb. Note that gold
equivalence factors for the production estimates are different to
those used for reporting the Mineral Resource estimate.
- AISC – All-In Sustaining Costs include cash costs plus
estimated corporate G&A, sustaining costs and accretion.
The PEA is preliminary in nature and includes
Inferred Mineral Resources that are considered too speculative
geologically to have the economic considerations applied to them
that would enable them to be categorized as Mineral Reserves, and
there is no certainty that the PEA will be realized. Mineral
Resources that are not Mineral Reserves do not have demonstrated
economic viability.
John Lewins, K92 Chief Executive Officer and
Director, stated, “Over the past three years, Kainantu has
delivered tremendous production and exploration growth and we are
very pleased to report the results for the next major growth plan -
Stage 3 Expansion. The PEA economics are robust, with run-rate
production of ~318,000 oz AuEq per annum; low average all-in
sustaining costs net of by-product credits of $362/oz gold which
benefitted from higher copper grades and economies of scale, and;
an after-tax NPV5% of US$1.5 billion at US$1,500/oz. Importantly,
the Stage 3 Expansion is a low capital intensity project and within
our ability to self-fund from scheduled mine cash flow.
As a result, we are initiating a Definitive
Feasibility Study (“DFS”) for Stage 3, targeting mid-2021. Work on
the new twin incline is underway and we currently have four diamond
drill rigs operational underground focused on upgrading the
resource for the DFS and expanding the known resource to the south
and at depth. Surface exploration is also rapidly expanding, from
the current 3 diamond drill rigs to 5 drill rigs by year-end,
adding even greater focus on resource growth near-mine and
regionally.”
PEA Overview
The Kora Stage 3 Expansion PEA considers an
expansion to underground mining with on-site treatment of mine
material by conventional milling, gravity and flotation recovery
through a standalone 1-million-tonne-per annum (“Mtpa”) process
plant. The PEA is derived from the Company’s Mineral Resource
Estimate for Kora (effective date of April 2, 2020) and does not
incorporate post resource drilling results.
An updated technical report prepared in
accordance with National Instrument 43-101 – Standards of
Disclosure for Mineral Projects (“NI 43-101”), titled, “NI 43-101
Independent Technical Report and Preliminary Economic Assessment
for Expansion of the Kainantu Project to treat 1 Mtpa from the Kora
Gold Deposit, Kainantu, Papua New Guinea”, which will include the
results of the PEA discussed in this news release together with an
updated Mineral Resource Estimate for the Kora Deposit, will be
filed on SEDAR at www.sedar.com under the Company’s profile by July
31, 2020.
Table 1: Kainantu Stage 3 Expansion -
Preliminary Economic Assessment Highlights
US Dollars unless otherwise stated |
Life of Mine (starting January
2021) |
Post Stage 3 Completion(2024
onwards) |
Production |
|
|
Mine life (years) |
12 years |
|
Total mill feed (000s tonnes) |
9,788 |
|
Average mill throughput (tonnes per annum) |
816 ktpa |
1.0 Mtpa (run-rate)(1) |
|
|
|
Total Metal Production |
|
|
AuEq (000s ounces) |
3,096 |
2,639 |
Gold (000s ounces) |
2,642 |
2,229 |
Copper (mlbs) |
195 |
177 |
Silver (000s ounces) |
4,248 |
3,833 |
|
|
|
Average Annual Metal Production |
|
|
AuEq (000s ounces per annum) |
258 |
318 (run-rate)(1) |
Gold (000s ounces per annum) |
220 |
270 (run-rate)(1) |
Copper (mlbs per annum) |
16 |
21 (run-rate)(1) |
Silver (000s ounces per annum) |
354 |
450 (run-rate)(1) |
|
|
|
Average Grade |
|
|
AuEq grade (g/t) |
10.4 g/t |
|
Gold grade (g/t) |
8.84 g/t |
|
Copper grade (%) |
1.0% |
|
Silver grade (g/t) |
18 g/t |
|
|
|
|
Average Recovery |
|
|
Gold Recovery (%) |
95% |
|
Copper Recovery (%) |
95% |
|
Silver Recovery (%) |
77% |
|
|
|
|
Costs |
|
|
Mining cost per tonne (US$/t) |
$41.41 |
$40.18 |
Processing cost per tonne (US$/t) |
$25.20 |
$24.77 |
G&A cost per tonne (US$/t) |
$27.01 |
$23.84 |
Total operating cost per tonne of mill feed
(US$/t) |
$93.62 |
$88.79 |
Sustaining capital per tonne of mill feed (US$/t) |
$34.63 |
$24.84 |
Total cost per tonne of mill feed (US$/t) |
$128.26 |
$113.63 |
|
|
|
Initial pre-expansion capital expenditure ($m) |
$125 |
|
Sustaining capital expenditure ($m) |
$341 |
|
Total capital expenditure ($m) |
$466 |
|
|
|
|
Cash cost per ounce AuEq ($/oz)(2) All-in sustaining cost per ounce
AuEq ($/oz)(3)Cash cost per ounce gold ($/oz)(2) |
$353$489$202 |
$341$445$177 |
All-in sustaining cost per ounce gold ($/oz)(3) |
$362 |
$301 |
|
|
|
Base Case Economic Analysis at US$1,500/oz Gold, US$3.00/lb
Copper and US$18.00/oz Silver |
|
|
After-tax NPV0% |
$2.0 billion |
|
After-tax NPV5% |
$1.5 billion |
|
IRR (%) and Payback Period (years) |
N/A (Self-Funded) |
|
|
|
|
Economic Analysis at $1,900/oz Gold, US$3.00/lb Copper and
US$18.00/oz Silver |
|
|
After-tax NPV0% |
$2.7 billion |
|
After-tax NPV5% |
$2.0 billion |
|
IRR (%) and Payback Period (years) |
N/A (Self-Funded) |
|
- Run-rate excludes the final partial
calendar year of production
- Cash costs are net of by-product
credits and are inclusive of mining costs, processing costs, site
G&A and refining charges and royalties.
- AISC includes cash costs plus
estimated corporate G&A, sustaining costs and accretion.
Kora Mineral Resource
Estimate
The Company’s current Mineral Resource Estimate
for Kora (effective date of April 2, 2020) was completed by H &
S Consultants Pty. Ltd. (Table 2). The Kora resource estimate
provides the resource base for the PEA, while the Irumafimpa
deposit was not included in the PEA.
Table 2 – Global Kora Mineral Resource
(Effective Date April 2, 2020, 1 g/t gold cut-off)
|
Tonnes |
Gold |
Copper |
Copper |
AuEq |
|
(Mt) |
(g/t) |
(Moz) |
(g/t) |
(Moz) |
(%) |
(kt) |
(g/t) |
(Moz) |
Measured |
0.66 |
13.34 |
0.28 |
11.6 |
0.25 |
0.51 |
3.4 |
14.14 |
0.3 |
Indicated |
2.47 |
8.44 |
0.67 |
16.3 |
1.29 |
0.63 |
15.6 |
9.46 |
0.8 |
Total M&I |
3.13 |
9.47 |
0.95 |
15.3 |
1.54 |
0.61 |
19 |
10.45 |
1.1 |
Inferred |
12.67 |
7.32 |
2.98 |
19.9 |
8.11 |
1.1 |
139.4 |
9.01 |
3.7 |
- The Independent and Qualified
Person responsible for the Mineral Resource Estimate is Simon Tear,
P.Geo. of H & S Consultants Pty. Ltd., Sydney, Australia.
- Mineral Resources are not Mineral
Reserves and do not have demonstrated economic viability.
- Resources were compiled at
1,2,3,4,5,6,7,8,9 and 10 g/t gold cut-off grades.
- Density (t/m3) is on a per zone
basis, K1 and Kora Link: 2.84 t/m3; K2: 2.93 t/m3; Waste: 2.8
t/m3.
- Reported tonnage and grade figures
are rounded from raw estimates to reflect the order of accuracy of
the estimate.
- Minor variations may occur during
the addition of rounded numbers.
- Calculations used metric units
(metres, tonnes and g/t).
- Gold equivalents are calculated as
AuEq = Au g/t + ((0.923 x Cu%)*1.38)+ ((0.77 x Ag g/t*0.0115). Gold
price US$1,400/oz; Silver US$16.05/oz; Copper US$3.05/lb. Metal
payabilities and recoveries are incorporated into the AuEq formula.
Recoveries of 92.3% for copper and 77% for silver.
- Note that these gold equivalence
factors for resource reporting are different to those applied for
the mine plan and production estimates.
Mining Operations
The Company engaged Australian Mine and
Development Pty. Ltd. (“AMDAD”) to undertake the PEA mine plan for
Kora, which involved:
- Applying financial and processing parameters to determine
cut-off grades for stope design.
- Generating three-dimensional stope shapes and mining inventory
using the CAE Mineable Shape Optimiser (MSO) program.
- Creating a conceptual development layout to suit the MSO
inventory.
- Producing a project cash-flow model based on a mining schedule
prepared by a third party consultant engaged by K92.
The Stage 3 Expansion mine plan is designed as
an incline access operation with a series of ore passes for
efficient gravity material movement amongst sublevels and
ultimately to the twin incline for material transport to surface.
Life of mine tonnage from the PEA mine plan is approximately 80%
from long hole open stoping and 20% from cut and fill mining
methods. Both mining methods have already been successfully applied
at the Kora deposit, with long hole stoping utilizing the AVOCA and
modified AVOCA methods. The AVOCA methods involve backfilling from
the overcut sublevel while the long hole stope is advanced from the
undercut sublevel to limit the strike length of the open stope. By
limiting the strike length of the open stope the method is designed
to maintain stability of the stope walls and backs and increase the
ultimate strike length extracted. The application of cut and
fill mining is greatest during the earlier parts of the mine plan
until the paste fill plant is constructed in 2022. Prior to the
implementation of the paste fill plant, fill is exclusively
unconsolidated waste backfill. Once the paste fill plant is
commissioned, the AVOCA method will be replaced by longhole stoping
with cemented fill.
Stopes were identified for the mine plan based
on the CAE Mineable Shape Optimiser (MSO) program at an elevated
cut-off grade of 5.5 g/t AuEq. An elevated cut-off grade was
selected as this provided the greatest discounted cash flow while
resulting in only a moderate reduction in gold equivalent ounces
produced. Stope shapes with uneconomic development access were
excluded. Dilution was estimated based on a 0.5m dilution skin for
both the footwall and hanging wall using the MSO program for a
minimum stope width of 3.0 metres. An additional dilution factor of
8% (12% for K1) was then applied to account for external dilution
from backfill and additional falloff. The overall dilution range is
21% to 41%, with K1 and K2 averaging 31% and 26% dilution,
respectively. A simple mining recovery factor of 90% was applied.
The life of mine average head grade is 8.84 g/t Au, 1.0 % Cu and 18
g/t Ag or 10.4 g/t AuEq.
The mine plan involves operating at the Stage 2
400,000-tonnes-per-annum throughput rate until late-2023 when the
Stage 3 Expansion is online. In 2024 to the end of the mine life,
the designed throughput rate is 1 Mtpa. See Table 5 for a material
movement summary as part of the simplified economic model.
See Figure 1 for a long-section of the life of
mine plan lateral and vertical development.
See Figure 2 for the Mineable Shape Optimiser
(MSO) shapes at 5.5g/t AuEq cut-off long-section.
Mineral Processing, Tailings and
Infrastructure
K92 engaged Mincore Pty. Ltd. to complete the
PEA for the expansion of Kainantu through the design of a
standalone 1 Mtpa processing plant and supporting infrastructure.
The new plant is adjacent to the existing process plant, which has
a designed throughput of 400,000 tonnes per annum. The existing
plant will be placed on care and maintenance upon the ramp-up of
the Stage 3 Process Plant.
Run-of-mine (ROM) material is trucked ~6km from
the 800 Portal to the Kainantu Process Plant, where it is either
stockpiled or direct tipped. The 1 Mtpa processing plant design
flowsheet incorporates a conventional single stage jaw crushing
(200tph) with direct feed SAG milling circuit (125tph), mill that
includes flash flotation and a gravity circuit to capture free gold
to produce gold dore, followed by conventional sulphide flotation,
thickening, filtering and drying for concentrate. This circuit is
based on simple conventional technology, with the flow-sheet
largely similar to the existing Kainantu processing circuit. The
key differences being the Stage 3 Process Plant implementing
one-stage crush circuit (vs two-stage crushing circuit) and SAG
milling (vs ball milling).
Tailings management upgrades are part of the
Stage 3 Expansion, through the construction of a paste fill plant
to mitigate surface tailings deposition. Thickened tailings at the
process plant are designed to be pumped to the paste fill plant at
the 800 Portal, with the final paste fill product pumped
underground to void stopes for fill. Residual thickened tailings
report to the tailings impoundment on surface. To support the
increased processing capacity and implementation of the paste fill
plant, a new 13MW centralized standby power station will be
constructed, in addition to 22kV switchyard and 11kV substation,
11kV power reticulation and 11kV overhead power line to the 800
Portal.
See Figure 3 for the 1.0Mtpa Process Plant
Flowsheet.
See Figure 4 for the location of the 1.0Mtpa
Standalone Processing Plant.
Capital and Operating Costs
The initial capital cost estimate includes an
overall 25% contingency and the major items are outlined in Table
3.
Table 3: Capital Cost
Estimates
US Dollars unless otherwise stated |
|
Camp Upgrade |
$4.1m |
Process Plant 1Mtpa |
$46.3m |
Power Station |
$16.0m |
Office Facilities |
$0.8m |
Mining Fleet |
$25.9m |
Paste fill Plant & Electricals |
$20.3m |
Freight |
$11.3m |
Initial Pre-Expansion Capital |
$124.6m |
|
|
Total Life of Mine Sustaining Capital |
$341.3m |
Totals may differ due to rounding
Table 4: Operating Cost Estimates (Life
of Mine Average)
US Dollars unless otherwise stated |
|
Mining Cost ($/t) |
$41.41 |
Processing Cost ($/t) |
$25.20 |
G&A Cost ($/t) |
$27.01 |
Total Cost Per Tonne Processed ($/t) |
$93.62 |
Totals may differ due to rounding |
|
Economic Analysis
In addition to preparation of mine plan
schedules, AMDAD prepared a pre-tax conceptual cashflow and
discounted cashflow derived from the schedule. Tax calculations for
the after-tax cashflow and discounted cashflow were prepared by
K92. A summary is shown in Table 5 and a sensitivity analysis to
gold price is shown in Table 6.
Table 5: Simplified Financial Model at
US$1,500/oz Au, US$3.00/lb Cu, US$18.00/oz Ag
Year |
2021 |
2022 |
2023 |
2024 |
2025 |
2026 |
2027 |
2028 |
2029 |
2030 |
2031 |
2032 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mill Throughput (ktpa) |
396 |
401 |
542 |
872 |
985 |
1,002 |
1,004 |
992 |
1,001 |
1,000 |
1,000 |
593 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gold Grade |
10.97 |
10.77 |
9.02 |
7.38 |
9.50 |
9.12 |
10.17 |
9.24 |
8.57 |
9.20 |
8.65 |
3.71 |
Copper Grade |
0.56% |
0.57% |
0.78% |
0.91% |
0.93% |
0.85% |
0.82% |
1.17% |
1.15% |
1.16% |
1.06% |
0.89% |
Silver Grade |
11.4 |
12.0 |
13.8 |
13.7 |
17.7 |
17.4 |
16.3 |
18.1 |
23.9 |
20.5 |
19.9 |
15.8 |
AuEq Grade |
11.88 |
11.71 |
10.28 |
8.80 |
10.99 |
10.50 |
11.50 |
11.08 |
10.43 |
11.03 |
10.33 |
5.10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gold Production (000s oz) |
133 |
132 |
149 |
197 |
286 |
279 |
312 |
280 |
262 |
281 |
264 |
67 |
Copper Production (m lbs) |
4.6 |
4.8 |
8.9 |
16.6 |
19.2 |
17.8 |
17.2 |
24.4 |
24.0 |
24.3 |
22.2 |
11.0 |
Silver Production (000s oz) |
111 |
119 |
185 |
296 |
433 |
432 |
405 |
445 |
592 |
507 |
493 |
232 |
AuEq Production (000s oz) |
144 |
143 |
170 |
234 |
331 |
321 |
353 |
336 |
319 |
337 |
315 |
92 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Revenue (US$m)(1) |
$198 |
$198 |
$233 |
$320 |
$454 |
$441 |
$485 |
$458 |
$434 |
$460 |
$432 |
$124 |
Total OPEX (US$m)(1) |
$50 |
$54 |
$62 |
$82 |
$88 |
$90 |
$90 |
$86 |
$87 |
$90 |
$87 |
$50 |
Growth Capital (US$m) |
$18 |
$39 |
$54 |
$11 |
$3 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
Sustaining Capital (US$m) |
$44 |
$43 |
$42 |
$32 |
$34 |
$38 |
$27 |
$25 |
$24 |
$14 |
$10 |
$6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-Tax Net Cashflow (US$m) |
$86 |
$62 |
$76 |
$196 |
$329 |
$313 |
$367 |
$348 |
$323 |
$356 |
$334 |
$68 |
After-tax Net Cashflow (US$m) |
$54 |
$35 |
$45 |
$144 |
$238 |
$222 |
$261 |
$247 |
$229 |
$254 |
$238 |
$52 |
1. Net revenue in summary model includes the impact of royalty
payments. |
Table 6: After-Tax NPV5% Sensitivity to
Gold Price
Gold Price |
After-Tax NPV5% (US$B) |
$1,400 |
$1.3 billion |
$1,500 |
$1.5 billion |
$1,600 |
$1.6 billion |
$1,700 |
$1.7 billion |
$1,800 |
$1.8 billion |
$1,900 |
$2.0 billion |
Conference Call and Webcast to Present
Results
K92 will host a conference call and webcast to
present the Stage 3 Kainantu Expansion PEA at 8:30 am (EDT) on
Tuesday, July 28, 2020.
- Listeners may access the conference call by dialing toll-free
to 1-800-319-4610 within North America or +1-604-638-5340 from
international locations.
° The
conference call will also be broadcast live (webcast) and may be
accessed via the following link:
http://services.choruscall.ca/links/k92mining20200728.html
Qualified Person
K92 Mine Geology Manager and Mine Exploration
Manager, Mr. Andrew Kohler, PGeo, a Qualified Person under the
meaning of NI 43-101 has reviewed and approved the technical
content of this news release. Data verification by Mr. Kohler
includes significant time onsite reviewing drill core, face
sampling, underground workings and discussing work programs and
results with geology and mining personnel.
On Behalf of the Company,
John Lewins, Chief Executive Officer and
Director
For further information, please contact David
Medilek, P.Eng., CFA at +1-604-687-7130.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Non-GAAP Financial Measures
In this press release, we use the terms “cash
costs" and "all-in sustaining costs ". These should be considered
as non-GAAP financial measures as defined in applicable Canadian
securities laws and should not be considered in isolation or as a
substitute for measures of performance prepared in accordance with
GAAP.
Cash costs per ounce is a non-GAAP term
typically used by gold mining companies to assess the level of
gross margin available to the Company by subtracting these costs
from the unit price realized during the period. This non-GAAP term
is also used to assess the ability of a mining company to generate
cash flow from operations. Cash costs per ounce includes mining and
processing costs plus applicable royalties, and net of by-product
revenue and net realizable value adjustments. Total cash costs per
ounce is exclusive of exploration costs.
Cash costs per ounce is intended to provide
additional information only and does not have any standardized
meaning under IFRS and may not be comparable to similar measures
presented by other mining companies. It should not be considered in
isolation or as a substitute for measures of performance prepared
in accordance with IFRS. The measure is not necessarily indicative
of cash flow from operations under IFRS or operating costs
presented under IFRS.
The Company adopted an "all-in sustaining costs
per ounce" non-GAAP performance measure in accordance with the
World Gold Council published in June 2013. The Company believes the
measure more fully defines the total costs associated with
producing gold; however, this performance measure has no
standardized meaning. Accordingly, there may be some variation in
the method of computation of "all-in sustaining costs " as
determined by the Company compared with other mining companies. In
this context, "all-in sustaining costs" for the consolidated
Company reflects total mining and processing costs, corporate and
administrative costs, exploration costs, sustaining capital, and
other operating costs.
All-in sustaining costs per gold ounce is
intended to provide additional information only and does not have
any standardized meaning under IFRS and may not be comparable to
similar measures presented by other mining companies. It should not
be considered in isolation or as a substitute for measures of
performance prepared in accordance with IFRS.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION: This news release includes certain “forward-looking
statements” under applicable Canadian securities legislation.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking statements. All statements that address future
plans, activities, events, or developments that the Company
believes, expects or anticipates will or may occur are
forward-looking information, including statements regarding the
realization of the preliminary economic analysis for the Kainantu
Project, expectations of future cash flows, the planned plant
expansion, production results, cost of sales, sales of production,
potential expansion of resources and the generation of further
drilling results which may or may not occur. Forward-looking
statements and information contained herein are based on certain
factors and assumptions regarding, among other things, the market
price of the Company’s securities, metal prices, exchange rates,
taxation, the estimation, timing and amount of future exploration
and development, capital and operating costs, the availability of
financing, the receipt of regulatory approvals, environmental
risks, title disputes, failure of plant, equipment or processes to
operate as anticipated, accidents, labour disputes, claims and
limitations on insurance coverage and other risks of the mining
industry, changes in national and local government regulation of
mining operations in PNG, mitigation of the Covid-19 pandemic,
continuation of the lifted state of emergency, and regulations and
other matters. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
Figure 1 – Kainantu life of mine plan
lateral and vertical development (looking West) is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cc583aad-e763-4835-b8be-c8c8239c91ec
Note: RAR: Return Airway, FAR: Fresh Airway; OP:
Ore Pass
Figure 2 – Mineable Shape Optimiser
(MSO) shapes at 5.5g/t AuEq cut-off long-section (looking
West) is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cb64fe62-8887-4c8f-b0e6-5e47af9b9c0f
Figure 3 – 1.0Mtpa Process Plant
Flowsheet is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4b377027-9f1a-498e-9e0f-a20d1887ebf3
Figure 4 – Plan View of Standalone and
Existing Processing Plants is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8196abf4-71d8-40b3-855a-f181b3b060de
K92 Mining (TSXV:KNT)
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K92 Mining (TSXV:KNT)
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