KNT // K92 Mining Inc. // KNTNF // US OTC, alsoTSX
As of March 27, 2018
Fully Diluted 229,938,847
Shares Issued 176,191,410
Common Shares Issuable Upon Conversion of Cartesian Preferred Shares 9,503,662
* Warrants include:
22,006,310 exercisable at $1.05 expiring June 27, 2018
8,233,365 exercisable at $0.65 expiring September 6, 2019
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
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
I think the Kainantu project is one of the most prospective in Papua New Guinea. The strength of the structures and veins are most impressive. And they contain significant high grade gold!
– ALEX DAVIDSON, K92 Mining Advisor & Former Executive Vice President Barrick Gold Corporation