K92 Mining Announces Filing of Technical Report FOR Updated Kainantu GOLD MINE Integrated Development Plan
Suite 488 - 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
Telephone: +1 (604) 416-4445
Facsimile: +1 (604) 608-9110
www.k92mining.com
NEWS RELEASE
K92 MINING ANNOUNCES FILING OF TECHNICAL REPORT FOR UPDATED
KAINANTU GOLD MINE INTEGRATED DEVELOPMENT PLAN
Vancouver, British Columbia, November 28, 2024 - K92 Mining Inc. (“K92” or the “Company”)
(TSX: KNT; OTCQX: KNTNF) announces that it has filed a technical report (the “ Technical
Report”) containing an Updated Integrated Development Plan (“ IDP”) for its Kainantu Gold Mine
Project (the “Kainantu Project”) in Papua New Guinea . The Technical Report, titled, “ Independent
Technical Report, Kainantu Gold Mine, Updated Integrated Development Plan, Kainantu Project,
Papua New Guinea” dated November 28, 2024, with an effective date of January 1, 2024, was prepared
by Qualified Persons, Andrew Kohler BAppSc (Geol), PGCert (Geostatistics), MAIG; Simon Tear BSc
(Hons), EurGeol, PGeo (IGI); Brendan Mulvihill MAusIMM (CP Met), RPEQ ; Daniel Donald BEng
(Hons) (Mining), MBA, FAusIMM, MSME; Dr. Evan Kirby BSc (Hons), FSAIMM ; Isaac Ahmed
P.Eng; Ralph Holding CPEng, FIEAust ; and Nicholas Currey MAusIMM . Refer to the Company’s
news release dated October 16, 2024, for a summary of the key results, assumptions and estimates
contained in the Technical Report. The Technical Report was prepared in accordance with National
Instrument 43 -101 - Standards of Disclosure for Mineral Projects and is available under the
Company’s SEDAR+ profile (www.sedarplus.ca), and on the K92 website at www.k92mining.com.
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in
the Eastern Highlands province of Papua New Guinea, as well as exploration and development of
mineral deposits in the immediate vicinity of the mine. The Company declared commercial production
from Kainantu in February 2018 , is in a strong financial position and is working to become a Tier 1,
mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-
gold porphyry project was completed in August 2022. K92 is operated by a team of mining company
professionals with extensive international mine-building and operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
For further information, please contact David Medilek, P.Eng., CFA , President and Chief Operating
Officer at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news
release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such
forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility
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Study, and the Kainantu Preliminary Economic Assessment, including the Stage 3 Expansion, a new standalone
1.2 mtpa process plant and supporting infrastructure ; (ii) statements regarding the expansion of the mine and
development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process
plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu
Mine.
All statements in this news release that address events or developments that we expect to occur in the future are
forward-looking statements. Forward -looking statements are statements that are not historical facts and are
generally, although not always, id entified by words such as “expect”, “plan”, “anticipate”, “project”,
“target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar
expressions or their negative connotations, or that events or conditions “will”, “wo uld”, “may”, “could”,
“should” or “might” occur. All such forward -looking statements are based on the opinions and estimates of
management as of the date such statements are made. Forward -looking statements are necessarily based on
estimates and assumption s that are inherently subject to known and unknown risks, uncertainties and other
factors, many of which are beyond our ability to control, that may cause our actual results, level of activity,
performance or achievements to be materially different from those expressed or implied by such forward-looking
information. Such factors include, without limitation, Public Health Crises, including the COVID -19 virus;
changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and
availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange
rates; volatility in price of our common shares; inherent risks associated with the mining industry, including
problems related to weat her and climate in remote areas in which certain of the Company’s operations are
located; failure to achieve production, cost and other estimates; risks and uncertainties associated with
exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that
mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and
future operations, including development and exploration activities at the Arakompa, Kora, Judd and other
projects; the timing, extent, duration and economic viability of such operations, including any mineral resources
or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and
assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and
cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability
of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures
of information systems or information security threats; political, economic and other risks associated with the
Company’s foreign operations; geopolitical events and other uncertainties, such as the conflict s in Ukraine,
Israel and Palestine ; compliance with various laws and regulatory requirements to which the Company is
subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the
current and future social, economic and political conditions, including relationship with the communities in
Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with
the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual
Information Form under the heading “Risk Factors”.
Estimates of mineral resources are also forward-looking statements because they constitute projections, based
on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future
and/or the anticipated economics of p roduction. The estimation of mineral resources and mineral reserves is
inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are
not mineral reserves do not have demonstrated economic viability. The accu racy of any such estimates is a
function of the quantity and quality of available data, and of the assumptions made and judgments used in
engineering and geological interpretation , Forward-looking statements are not a guarantee of future
performance, and actual results and future events could materially differ from those anticipated in such
statements. Although we have attempted to identify important factors that could cause actual r esults to differ
materially from those contained in the forward-looking statements, there may be other factors that cause actual
results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance
that such statements will prove to be accurate, as actual results and future events could differ materially from
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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.