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K92 Mining Announces Latest High-Grade Underground Drill Results at Kora, Including Step-Out Drilling to South and North

K92 Mining Announces Latest High-Grade Underground Drill Results at Kora, Including Step-Out Drilling to South and North
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K92 Mining Named to 2021 OTCQX Best 50

Resource Estimate and PEA The most recent PEA and Mineral Resource Estimate are included in a technical report titled, Revised Independent Technical Report, Mineral Resource Estimate Update and Preliminary Economic Assessment for Expansion of the Kainantu Mine to Treat 1 Mtpa from the Kora Gold Deposit, Kainantu Project, Papua New Guinea, with an effective date of April 2, 2020. 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. The Technical Report contains a full description of all underlying assumptions relating to the PEA. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

K92 Mining Provides 2021 Operational Outlook

Press release content from Globe Newswire. The AP news staff was not involved in its creation. K92 Mining Provides 2021 Operational Outlook K92 Mining Inc.January 20, 2021 GMT Production in 2021 is expected to grow 16-36% year over year, with Gold Equivalent (“AuEq”) production of between 115,000 and 135,000 ounces. High margin production forecasted in 2021, with Cash Costs between $515-565 per ounce gold and All-in Sustaining Costs between $825-$875 per ounce gold. Exploration to increase significantly, with expenditures of $14-17 million projected in 2021. During the course of 2020, the drill rig fleet doubled to ten drill rigs. Our eleventh drill rig is expected to arrive on site imminently.

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