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K92 Mining Inc (KNTNF)

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Last Post: 12/15/2017 3:57:32 PM - Followers: 27 - Board type: Free - Posts Today: 0


K92 Mining Inc. // KNTNF // US OTC, also KNT // TSX

K92 Mining is focused on advancing the Kainantu Gold Mine, located in the Eastern Highlands province of Papua New Guinea, towards production. Combined, the management team have been involved in building over 20 mines and $5 billion in buyouts.

The Kainantu Mine

K92 Mining Inc is focused on advancing the Kainantu Gold Mine, located in the Eastern Highlands province of Papua New Guinea, towards production.  The Kainantu property covers a total area of approx. 410km2 and was previously mined by Highlands Pacific and Barrick Gold from 2006-2009.

After being commissioned in 2006, the processing facilities operated for a cumulative total of approximately 7000 hours (292 days) before being put on care and maintenance by Barrick Gold, who continued this care and maintenance of the mill until the sale of the project to K92.
 

About Papua New Guinea:
Land of large mines
Commonwealth country
Democratic government with the Prime Minister as Head of Government
Population of approximately 7 million people over a land area of 462,840 km2
Mining a major source of economic activity with multiple major mining companies operating large mines
Mining and petroleum industry contributes over one third of government tax revenue
Competitive tax and regulatory environment
Mining licenses issued under the terms of the Mining Act 1992

PNG bottom line: Very favorable government to mining with good geopolitical stability for a developing country

About the company:
Barrick Gold bought this mine in 2007 for $141 million and invested additional $100 million in project. $41 million invested in exploration drilling and definition drilling. 78K meters drilled via 767 holes.  K92 mining bought it at low point in bear market for $2 million.  
Will pay Barrick 60 mil once they are producing.  They also will have to pay 7.25% in preexisting carried intrestest and taxes.


Existing mine, mill, staff housing and all infrastructure in place, upkeep was done by Barrick even after shutting down productions.  Cheap hydro electric power nearby.

Fully NI43-101 compliant
High grade:  1.84 million oz @ 11.6 g/t AuEq inferred,   240,000 oz @ 11.3 g/t AuEq  indicated.   Also has a huge ore body that is open to depth, and not well explored.
Multiple hundred g/t intercepts reported in recent drilling.
Bonus of historical estimates at other sites: 1.36 million oz Au

AIM mining study 200,000 tpa @ 7.5-8 g/t; ~94% recovery rate. Poteintially producing 45K oz Au/yr.  Should be immedialy profitable to allow it to fund further drilling and exploration work.

Other projects: 4 Exploration leases, 1 mining lease, 2 mining easements, 1 lease for mining purposes: 405 km2 total land in PNG.


Experienced management: Alex Davidson of Barrick Gold on staff

 

About Papua New Guinea:
Land of large mines
Commonwealth country
Democratic government with the Prime Minister as Head of Government

Population of approximately 7 million people over a land area of 462,840 km2
Mining a major source of economic activity with multiple major mining companies operating large mines
Mining and petroleum industry contributes over one third of government tax revenue
Competitive tax and regulatory environment
Mining licenses issued under the terms of the Mining Act 1992


Corporate presentation: http://www.k92mining.com/investor/presentation/
Website: http://www.k92mining.com/ 


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KNTNF News: K92 Announces Further High Grade Kora Exploration Drill Results from Kora Northern Extension 12/11/2017 12:35:00 PM
KNTNF News: K92 Defines First Mining Production Blocks in Kora North 12/04/2017 02:12:06 PM
KNTNF News: K92 Mining (TSX.V:KNT) (OTC:KNTNF) Drilling intersects high-grade copper and gold in Kora Extension Discovery Zone 10/20/2017 07:00:00 AM
KNTNF News: K92 Announces High Grade Kora Exploration Drill Results Including 3.4m at 9.94 g/t Au, 55 g/t Ag and 5.97% Cu 10/17/2017 12:33:42 PM
PostSubject
#267  Sticky Note Great interview on TFMetals. http://media.tfmetalsreport.com/audio/08BryanSAug17 eward368 08/07/17 09:05:38 AM
#131  Sticky Note Good summary of K92 property and story in Edge83 10/06/16 02:46:53 AM
#446   Great movement today , end of tax write MemoryLeaks 12/15/17 03:57:32 PM
#445   Can’t see why this is being beaten down MemoryLeaks 12/14/17 04:40:03 PM
#444   i'm thinking of adding here, would like to Mason07 12/14/17 02:35:13 PM
#443   Guess someone wants out. They're gone now after ashy2classy 12/14/17 02:23:51 PM
#442   Why Mason07 12/14/17 02:02:23 PM
#441   PLENTY of shares on the ask if you ashy2classy 12/14/17 12:58:15 PM
#440   Haha, the smallest cap stocks are always the Edge83 12/14/17 12:29:42 AM
#439   LMAO...not the ones I own ;o) ashy2classy 12/13/17 02:51:47 PM
#438   Just added some more at .33, I figured Edge83 12/13/17 02:28:45 PM
#437   Added a few more at .32. These next ashy2classy 12/13/17 09:58:25 AM
#436   Haha yeah for sure. I think I Edge83 12/12/17 07:07:46 PM
#435   Doesn't it suck that in this environment it ThSeeker 12/11/17 10:31:09 PM
#434   K92 Announces Further High Grade Kora Exploration Drill Edge83 12/11/17 04:35:26 PM
#433   that's great but when does commercial production start, Mason07 12/05/17 11:08:03 AM
#432   News: K92 Defines First Mining Production Blocks in Dr. King Schultz 12/05/17 02:17:12 AM
#431   lets hope production starts soon, but i think Mason07 11/28/17 06:35:44 PM
#430   Well there is 14.4 millions shares exercisable in MemoryLeaks 11/28/17 11:06:25 AM
#429   i own to much of this company as Mason07 11/28/17 10:07:41 AM
#428   Pretty clear the company had the PPS pushed ashy2classy 11/28/17 09:53:09 AM
#427   when will these insiders stop unloading? Mason07 11/27/17 01:55:32 PM
#426   There were 9.8 million that expired Nov 20. Edge83 11/22/17 02:41:30 AM
#425   Anyone understand the sure structure for outstanding warrants MemoryLeaks 11/21/17 02:24:39 PM
#424   K92 Reports on Warrant Exercises and Warrant Expiration more MemoryLeaks 11/21/17 02:21:04 PM
#423   brian bought 50,000 shares, this is a good thing Mason07 11/20/17 10:01:27 AM
#422   Updated corporate presentation: Edge83 11/17/17 02:24:56 PM
#421   PR then selling. We have to wait and Mason07 11/15/17 03:53:13 PM
#420   K92 Announces More High Grade Kora Exploration Drill Edge83 11/15/17 11:14:17 AM
#419   Yeah this stock will really rock once gold Edge83 11/15/17 09:42:55 AM
#418   K92 Ships First Kora Concentrate under new Kora ThSeeker 11/15/17 09:28:23 AM
#417   I hope K92 moves well before $1400 is ThSeeker 11/14/17 11:03:56 PM
#416   I agree, the last major hurdle for the Edge83 11/14/17 10:40:35 PM
#415   should have been up $0.10 on news. sometimes Mason07 11/14/17 04:06:17 PM
#414   it appears insiders still unloading on news Mason07 11/14/17 04:04:00 PM
#413   i will start selling @ $4.00 but with Mason07 11/14/17 02:33:16 PM
#412   I bought some more today too. I don't Edge83 11/14/17 02:04:16 PM
#411   I am pretty happy with this investment. Bought MemoryLeaks 11/14/17 01:03:49 PM
#410   This is great news, it's better for all Edge83 11/14/17 11:15:43 AM
#409   WOW -- - First 4,000 tonnes of Kora ThSeeker 11/14/17 10:40:02 AM
#408   Good news this, takes the pressure off the MemoryLeaks 11/14/17 10:24:59 AM
#407   Pretty good Bid size today - K92 is Dr. King Schultz 11/13/17 01:00:02 PM
#406   Anyone have any insights to k92 finances as MemoryLeaks 11/13/17 11:09:48 AM
#405   They haven’t updated the presentation page in a MemoryLeaks 11/13/17 10:52:41 AM
#403   interesting interview...http://www.stockhouse.com/companies/bullboard?symbol=v.k Mason07 11/11/17 08:04:36 PM
#402   AND they have an experienced team that knows ThSeeker 11/08/17 09:34:01 PM
#401   They have the ore, they have the processing Edge83 11/08/17 04:56:11 PM
#400   Drill results continue to show high grade discovery. ThSeeker 11/08/17 09:11:42 AM
#399   K92 Mining Intersects Multiple High Grade Gold and Edge83 11/07/17 09:35:15 PM
#398   How low will it go, tax loss season newguy49 11/02/17 01:38:55 PM
#397   More news... ashy2classy 11/01/17 02:38:57 PM
#396   Read this over at StockHouse... ashy2classy 10/31/17 11:17:05 AM
PostSubject