K92 Mining Announces Latest Drilling Results from Arakompa Including Confirmation of TWO Significant Thick High-Grade Veins (AR1 & AR2), Southern Strike Extension and Bulk Zone Expansion
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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 LATEST DRILLING RESULTS FROM ARAKOMPA
INCLUDING CONFIRMATION OF TWO SIGNIFICANT THICK HIGH-GRADE VEINS (AR1
& AR2), SOUTHERN STRIKE EXTENSION AND BULK ZONE EXPANSION
Vancouver, British Columbia, February 20, 202 5 - K92 Mining Inc . (“K92” or the “ Company”)
(TSX: KNT; OTCQX: KNTNF) is pleased to announce its fourth set of drilling results consisting of 13
holes for total results of 43 holes released to date from its maiden surface diamond drill program at
Arakompa, located approximately 4.5 km from the Kainantu Gold Mine Process Plant in Papua New
Guinea. K92’s maiden drill program at Arakompa represents the first drilling on the target in 32 years,
with limited historic drilling completed, comprising 18 holes totaling 1.8 km of mostly shallow drilling.
• Two significant high-grade sub-parallel veins confirmed, named AR1 and AR2 (See Figures 5
and 6 for Long Sections). Drilling to date has defined AR1 and AR2 to a depth of over 500 metres
and at significant strike lengths of approximately 675 and 775 metres, respectively. Both veins
are open in multiple directions, recording a substantial average true thickness from drilling to
date of 3.14 metres for AR1 and 2.94 metres for AR2, and a strong high-grade hit-rate at +5 g/t
AuEq of 50% for AR1 and 42% for AR2, and +10g/t AuEq of 28% for AR1 and 21% for AR2.
The latest drilling results recorded multiple high-grade intersections, including:
o AR1 Vein:
▪ KARDD0033: 11.10 m at 5.93 g/t AuEq (5.37 g/t Au, 8 g/t Ag, 0.29% Cu), including
3.30 m at 11.15 g/t AuEq (10.92 g/t Au, 3 g/t Ag, 0.12% Cu)
▪ KARDD0035: 11.10 m at 4.93 g/t AuEq (4.50 g/t Au, 10 g/t Ag, 0.19% Cu), including
1.70 m at 13.04 g/t AuEq (12.55 g/t Au, 15 g/t Ag, 0.19% Cu)
▪ KARDD0042: 2.60 m at 11.91 g/t AuEq (9.06 g/t Au, 41 g/t Ag, 1.48% Cu)
▪ KARDD0037: 9.60 m at 3.60 g/t AuEq (2.69 g/t Au, 11 g/t Ag, 0.49% Cu), including
2.30 m at 10.49 g/t AuEq (7.92 g/t Au, 24 g/t Ag, 1.46 % Cu)
▪ KARDD0043: 5.10 m at 5.67 g/t AuEq (5.38 g/t Au, 13 g/t Ag, 0.07% Cu)
▪ KARDD0039: 2.30 m at 9.00 g/t AuEq (7.55 g/t Au, 23 g/t Ag, 0.74% Cu)
▪ KARDD0040: 3.00 m at 5.03 g/t AuEq (4.78 g/t Au, 6 g/t Ag, 0.10% Cu)
o AR1 highlight intersections from previous releases include:
▪ KARDD0011: 3.70 m at 42.35 g/t AuEq (40.84 g/t Au, 17 g/t Ag, 0.82% Cu)
▪ KARDD0002: 7.20 m at 24.76 g/t AuEq (24.44 g/t Au, 13 g/t Ag, 0.10% Cu)
▪ KARDD0029: 20.60 m at 9.87 g/t AuEq (8.90 g/t Au, 29 g/t Ag, 0.38% Cu)
▪ KARDD0025: 12.00 m at 11.16 g/t AuEq (10.49 g/t Au, 11 g/t Ag, 0.33% Cu)
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o AR2 Vein:
▪ KARDD0038: 14.50 m at 17.33 g/t AuEq (17.17 g/t Au, 4 g/t Ag, 0.07% Cu), including
6.90 m at 34.99 g/t AuEq (34.73 g/t Au, 7 g/t Ag, 0.11% Cu)
▪ KARDD0044: 12.00 m at 5.26 g/t AuEq (5.18 g/t Au, 2 g/t Ag, 0.03% Cu), including
3.40 m at 10.01 g/t AuEq (9.91 g/t Au, 2 g/t Ag, 0.05% Cu)
o AR2 highlight intersections from previous releases include:
▪ KARDD0009: 6.70 m at 14.35 g/t AuEq (14.19 g/t Au, 9 g/t Ag, 0.03% Cu)
▪ KARDD0004: 11.20 m at 5.89 g/t AuEq (5.64 g/t Au, 6 g/t Ag, 0.11% Cu)
▪ KARDD0003: 8.50 m at 7.48 g/t AuEq (7.23 g/t Au, 12 g/t Ag, 0.06% Cu)
▪ 016AD92: 6.30 m at 14.69 g/t AuEq (12.77 g/t Au, 24 g/t Ag, 1.02% Cu)
▪ KARDD0023: 2.0 m at 14.60 g/t AuEq (12.44 g/t Au, 60 g/t Ag, 0.88% Cu)
▪ KARDD0025: 2.9 m at 11.47 g/t AuEq (11.26 g/t Au, 9 g/t Ag, 0.06% Cu)
• Latest drilling results have extended the interpreted bulk tonnage zone approximately 150
metres to the south, with the zone now defined 900 metres along strike and to a vertical depth of
650 metres. Drill results to date have recorded an average true thickness of 48 metres,
demonstrating strong bulk mining potential. The bulk zone remains open in multiple directions.
Latest drilling result highlights:
▪ KARDD0038: 65.00 m at 4.15 g/t AuEq (4.04 g/t Au, 3 g/t Ag, 0.05% Cu)
▪ KARDD0035: 85.30 m at 1.19 g/t AuEq (1.00 g/t Au, 4 g/t Ag, 0.08% Cu), including
29.90 m at 2.49 g/t AuEq (2.09 g/t Au, 7 g/t Ag, 0.20% Cu)
▪ KARDD0042: 50.40 m at 1.90 g/t AuEq (1.58 g/t Au, 6 g/t Ag, 0.15% Cu)
▪ KARDD0033: 57.70 m at 1.44 g/t AuEq (1.28 g/t Au, 3 g/t Ag, 0.08% Cu)
▪ KARDD0044: 59.20 m at 1.27 g/t AuEq (1.21 g/t Au, 2 g/t Ag, 0.02% Cu)
▪ KARDD0037: 56.20 m at 1.28 g/t AuEq (0.96 g/t Au, 7 g/t Ag, 0.15% Cu)
▪ KARDD0043: 40.50 m at 1.28 g/t AuEq (1.20 g/t Au, 3 g/t Ag, 0.03% Cu)
▪ KARDD0036 (~100 m southern step -out along strike): 47.70 m at 1.0 2 g/t AuEq (0.74 g/t
Au, 4 g/t Ag, 0.14% Cu)
▪ KARDD0039 (~150 m southern step -out along strike): 33.50 m at 1.06 g/t AuEq (0.85 g/t
Au, 5 g/t Ag, 0.09% Cu)
• Given the strong results to date and the potential to delineate additional high-grade veins beyond
AR1 and AR2 with increased drill density, the Company aims to deliver a maiden mineral
resource estimate for Arakompa by mid-2025.
Notes:
(1) Drill highlights presented above are core lengths (not true widths).
(2) Gold equivalent (AuEq) exploration results are calculated using longer-term commodity prices
with a copper price of US$4.50/lb, a silver price of US$27.5/oz and a gold price of US$2,000/oz.
John Lewins, K92 Chief Executive Officer and Director, stated, “The Arakompa maiden drill program
continues to make significant progress, with the latest results delivering multiple positive s including a
20% increase in bulk zone strike length to ~900 metres, and the delineation of two major subparallel veins
over significant strike, AR1 and AR2. Importantly, both AR1 and AR2 are high-grade and have recorded
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considerable thickness and strong observed continuity, demonstrating high potential for underground
mining.
With just over half of the +1.7 km -strike-length mineralized corridor drill tested to date, alongside the
significant potential at depth, we believe that we are only beginning to unlock Arakompa’s full potential.
Notably, a new compact heli-portable rig is scheduled to arrive at site in mid -2025, significantly
enhancing our ability to efficiently target the northern extension of Arakompa , effectively opening up a
new front for exploration.
We look forward to continuing to ramp-up exploration activities and provide updates in due course.”
Arakompa Vein System Background
The Arakompa project is interpreted to be an intrusive related gold-copper-silver epithermal vein system
with similarities to the producing Kora and Judd vein systems. A significant difference at Arakompa is
that it is hosted in tonalite to dioritic rock, whereas Kora and Judd are hosted predominantly in
metasediments (phyllite).
Mineralization at Arakompa is in pronounced vein lodes but is also widespread across a very broad
envelope, hosted in strongly altered tonalite and diorite. This has been interpreted to have resulted from
collapsing argillic and advanced argillic alteratio n, and the propylitic alteration of the basement tonalite
are interpreted to originate from the intrusion of a large magmatic porphyry body. Phyllic alternation
appears to be associated with gold mineralization, providing a large halo (at least 100 m wide) around the
vein corridor. There has likely been an upwelling of phyllic alteration from the porphyry into the high -
grade veins. This has resulted in mineralization between the veins, providing the potential for bulk mining.
Multi-stage mineralizing events with several phases of quartz -sulphide development are apparent within
the veins themselves. The sequence of early quartz deposited from a mesothermal dilute fluid followed by
pyrite-copper-gold ± Bi -Te-Pb-Zn-Sn mineralization at Arakompa has many similarities to the same
events encountered at Kora and Judd.
The main sulphides are pyrite, chalcopyrite, bornite and bismuthinite. As at Kora, chalcopyrite forms late,
overprinting early phases of pyrite. Gold is documented in petrological reports and shown in
photomicrographs as occurring in quartz, or often as inclusions overgrown by chalcopyrite.
Porphyry evidence is widespread at Arakompa. Locali zed, high -level B veins (quartz with centreline
pyrite) are present, typical of the upper parts of a porphyry system. Magnetite-epidote alteration represents
classic prograde porphyry assemblages, indicative of the inner propylitic shell. Chalcocite is also locally
present, suggesting an underlying copper-enriched body.
The maiden drill program by K92 is the first drilling completed on the target in 32 years, with limited and
shallow drilling completed historically (18 holes, 1,766 m drilled). Of the 18 holes drilled historically,
there were 15 intersections above 5 g/t AuEq, 8 intersections above 10 g/t AuEq and 3 intersections above
20 g/t AuEq, with highlights including:
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004DA92 – 4.00 m at 32.03 g/t AuEq (3.32 m true thickness)
013AD92 – 4.00 m at 20.21 g/t AuEq (3.40 m true thickness)
001AD92 – 2.80 m at 16.18 g/t AuEq (2.41 m true thickness)
005AD92 – 2.00 m at 32.01 g/t AuEq (1.26 m true thickness)
016AD92 – 6.30 m at 14.96 g/t AuEq (2.39 m true thickness)
010AD92 – 9.20 m at 10.67 g/t AuEq (4.32 m true thickness)
Surface field work completed historically and by K92 has demonstrated that the target size of Arakompa
is significant, with mineralization observed from drill holes, rock samples and surface workings for at
least 1.7 km of strike, hosted within an approximately 150 - to 225-m-wide mineralized intense phyllic
altered package, and a vertical extent of over 500 m.
Figures
A plan map for Arakompa is provided in Figure 1.
A cross section showing KARDD0038 at Arakompa is provided in Figure 2.
A cross section showing KARDD0040 and KARDD0042 at Arakompa is provided in Figure 3.
A long section showing Arakompa drilling to date and bulk samples is provided in Figure 4.
Long sections of AR1 and AR2 Veins showing the location of the latest drill holes are provided in
Figures 5 and 6, respectively.
A location map is provided in Figure 7.
Core photograph of drill hole KARDD0038 provided in Figures 8.
Table 1
Kainantu Gold Mine – Significant Intercepts from Arakompa Diamond Drilling
Hole ID From
(m)
To
(m)
Interval
(m)
True width
(m)
Gold
g/t
Silver
g/t
Copper
% Gold Eq Vein
KARDD0031 132.20 144.00 11.80 7.08 1.48 2 0.03 1.56 Bulk Intersection
KARDD0031 0.00 4.00 4.00 2.40 1.11 2 0.03 1.18
KARDD0031 195.00 197.20 2.20 1.32 1.77 2 0.02 1.83 AR1
KARDD0031 133.00 136.50 3.50 2.10 3.15 4 0.03 3.25 AR2
KARDD0031 141.40 143.00 1.60 0.96 2.26 2 0.02 2.31
KARDD0032 93.10 107.60 14.50 10.15 0.53 6 0.09 0.75 Bulk Intersection
KARDD0032 65.20 66.70 1.50 1.05 3.45 5 0.01 3.54 AR2
KARDD0032 93.10 94.50 1.40 0.98 1.93 21 0.61 3.15 AR1
KARDD0033 295.60 353.30 57.70 34.62 1.28 3 0.08 1.44 Bulk Intersection
KARDD0033 53.00 63.30 10.30 6.18 2.53 41 0.13 3.29
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Hole ID From
(m)
To
(m)
Interval
(m)
True width
(m)
Gold
g/t
Silver
g/t
Copper
% Gold Eq Vein
KARDD0033 206.65 209.50 2.85 1.71 1.24 5 0.07 1.41
KARDD0033 295.60 298.30 2.70 1.62 1.40 6 0.10 1.64
KARDD0033 332.60 343.70 11.10 6.66 5.37 8 0.29 5.93 AR1
including 332.60 335.90 3.30 1.98 10.92 3 0.12 11.15 AR1
KARDD0033 351.50 353.30 1.80 1.08 1.02 1 0.15 1.26 AR2
KARDD0033 407.00 410.70 3.70 2.22 3.40 3 0.13 3.65
KARDD0034 0.00 107.50 107.50 64.50 0.27 1 0.01 0.30 Bulk Intersection
KARDD0034 608.80 682.70 73.90 44.34 0.23 3 0.06 0.36 Bulk Intersection
KARDD0034 334.40 336.00 1.60 0.96 1.83 27 1.25 4.13
KARDD0034 608.80 611.00 2.20 1.32 1.31 8 0.20 1.73 AR1
KARDD0034 818.00 823.40 5.40 3.24 0.70 29 0.25 1.49
KARDD0035 58.50 143.80 85.30 59.71 1.00 4 0.08 1.19 Bulk Intersection
including 93.20 123.10 29.90 20.93 2.09 7 0.20 2.49 Bulk Intersection
KARDD0035 58.50 62.00 3.50 2.45 3.05 3 0.05 3.16
KARDD0035 93.20 94.20 1.00 0.70 1.00 48 2.72 5.85 AR2
KARDD0035 112.00 123.10 11.10 7.77 4.50 10 0.19 4.93 AR1
including 120.00 121.70 1.70 1.19 12.55 15 0.19 13.04 AR1
KARDD0035 140.00 143.80 3.80 2.66 1.08 21 0.11 1.54
KARDD0036 158.30 206.00 47.70 28.62 0.74 4 0.14 1.02 Bulk Intersection
KARDD0036 345.00 359.70 14.70 8.82 0.82 11 0.11 1.14 Bulk Intersection
KARDD0036 158.30 165.20 6.90 4.14 2.43 11 0.31 3.05
KARDD0036 179.20 181.10 1.90 1.14 3.37 11 0.28 3.95
KARDD0036 184.60 186.60 2.00 1.20 0.94 5 0.27 1.43
KARDD0036 203.70 206.00 2.30 1.38 2.16 18 1.04 4.00 AR1
KARDD0036 345.00 348.40 3.40 2.04 2.38 35 0.38 3.44
KARDD0037 96.30 117.20 20.90 12.54 1.08 2 0.04 1.17 Bulk Intersection
KARDD0037 177.00 233.20 56.20 33.72 0.96 7 0.15 1.28 Bulk Intersection
KARDD0037 96.30 100.20 3.90 2.34 2.08 2 0.02 2.14
KARDD0037 110.50 112.10 1.60 0.96 6.44 9 0.07 6.67 AR2
KARDD0037 177.00 179.50 2.50 1.50 1.73 8 0.24 2.21
KARDD0037 182.50 192.10 9.60 5.76 2.69 11 0.49 3.60 AR1
including 185.10 187.40 2.30 1.38 7.92 24 1.46 10.49 AR1
KARDD0037 211.40 214.60 3.20 1.92 2.01 17 0.17 2.50
KARDD0037 228.00 231.20 3.20 1.92 2.03 31 0.39 3.06
KARDD0038 304.60 369.60 65.00 41.60 4.04 3 0.05 4.15 Bulk Intersection
KARDD0038 51.60 53.80 2.20 1.41 6.43 17 0.13 6.86
KARDD0038 311.00 313.60 2.60 1.66 3.44 20 0.32 4.20 AR1
KARDD0038 355.10 369.60 14.50 9.28 17.17 4 0.07 17.33 AR2
including 355.10 362.00 6.90 4.42 34.73 7 0.11 34.99 AR2
including 368.40 369.60 1.20 0.77 6.90 4 0.07 7.06 AR2
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Hole ID From
(m)
To
(m)
Interval
(m)
True width
(m)
Gold
g/t
Silver
g/t
Copper
% Gold Eq Vein
KARDD0039 416.00 449.50 33.50 20.10 0.85 5 0.09 1.06 Bulk Intersection
KARDD0039 253.50 255.80 2.30 1.38 7.55 23 0.74 9.00 AR1
KARDD0039 349.30 351.30 2.00 1.20 2.98 55 0.38 4.33
KARDD0039 364.20 365.30 1.10 0.66 3.35 3 0.14 3.62
KARDD0039 448.00 449.50 1.50 0.90 13.44 33 0.17 14.16
KARDD0040 87.80 102.50 14.70 11.76 1.18 4 0.08 1.36 Bulk Intersection
KARDD0040 99.50 102.50 3.00 2.40 4.78 6 0.10 5.03 AR1
KARDD0040 161.40 162.60 1.20 0.96 4.47 2 0.03 4.53
KARDD0042 185.90 236.30 50.40 40.32 1.58 6 0.15 1.90 Bulk Intersection
KARDD0042 111.30 112.30 1.00 0.80 5.14 6 0.03 5.27 AR2
KARDD0042 185.90 188.80 2.90 2.32 2.12 6 0.21 2.52
KARDD0042 191.40 194.00 2.60 2.08 9.06 41 1.48 11.91 AR1
KARDD0042 204.70 205.80 1.10 0.88 1.57 8 0.16 1.93
KARDD0042 226.60 228.40 1.80 1.44 1.00 4 0.06 1.14
KARDD0042 232.50 236.30 3.80 3.04 7.65 25 0.15 8.21
KARDD0042 251.40 252.90 1.50 1.20 0.99 11 0.18 1.41
KARDD0043 227.00 267.50 40.50 32.40 1.20 3 0.03 1.28 Bulk Intersection
KARDD0043 12.40 15.40 3.00 2.40 2.58 1 0.04 2.64
KARDD0043 227.00 228.00 1.00 0.80 2.56 6 0.13 2.84
KARDD0043 230.20 235.30 5.10 4.08 5.38 13 0.07 5.67 AR1
KARDD0043 257.80 260.80 3.00 2.40 2.96 3 0.05 3.08 AR2
KARDD0043 265.00 267.00 2.00 1.60 1.09 1 0.00 1.11
KARDD0043 278.80 280.10 1.30 1.04 1.47 11 0.01 1.64
KARDD0043 357.90 362.20 4.30 3.44 1.16 7 0.04 1.33
KARDD0044 268.80 328.00 59.20 35.52 1.21 2 0.02 1.27 Bulk Intersection
KARDD0044 241.60 243.80 2.20 1.32 1.02 9 0.30 1.61 AR1
KARDD0044 312.00 324.00 12.00 7.20 5.18 2 0.03 5.26 AR2
including 320.60 324.00 3.40 2.04 9.91 2 0.05 10.01 AR2
Table 2
Kainantu Gold Mine – Collar Locations for Arakompa Surface Drilling
Hole ID Collar location Collar orientation
Local
North Local East mRL Dip
Local
azimuth
EOH depth
(m)
KARDD0031 69955 89875 1425 -79 103 277
KARDD0032 69946 90054 1399 -46 110 226
KARDD0033 70203 89806 1517 -57 261 467
KARDD0034 69746 89992 1365 -62 48 934
KARDD0035 69954 89876 1425 -54 108 191
KARDD0036 70102 89638 1554 -52 226 503
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Hole ID Collar location Collar orientation
Local
North Local East mRL Dip
Local
azimuth
EOH depth
(m)
KARDD0037 69954 89876 1425 -67 119 297
KARDD0038 70204 89805 1517 -50 238 466
KARDD0039 70095 89630 1554 -65 230 472
KARDD0040 69953 89878 1425 -47 58 245
KARDD0042 69954 89878 1425 -70 58 304
KARDD0043 70095 89630 1554 -52 316 377
KARDD0044 70095 89630 1554 -65 313 408
Drill Hole Sampling Methodology, QA/QC and Qualified Person
The diamond drill hole is first logged to determine the sampling intervals, which range from a minimum
of 0.1 metres to generally 1 metre. The drill core is sawn half core cut along a reference line, with the
remainder of the core returned to the core tray . Core samples are then placed in numbered calico and
plastic bags, with a numbered sample ticket for dispatch to the assay laboratory. Samples are separately
assayed for gold, copper and silver. K92’s procedure includes the insertion standards, blanks and
duplicates. Gold assays are by the fire assay method. Copper and silver assays are by three-acid-digestion
method (nitric, perchloric and hydrochloric mix).
K92 maintains an industry -standard analytical quality assurance and quality control (QA/QC) and data
verification program to monitor laboratory performance and ensure high quality assays. Results from this
program confirm reliability of the assay results. All sampling and analytical work for the mine exploration
program is performed by Intertek Testing Services (PNG) Ltd, an independent accredited laboratory that
is located on site. External check assays for QA/QC purposes are performed at SGS Australia Pty Ltd in
Townsville, Queensland, Australia.
K92 Interim Vice President Exploration, Andrew Kohler, MAIG, Qualified Person under the meaning of
National Instrument 43 -101 – Standards of Disclosure for Mineral Projects , ha s reviewed and is
responsible for the technical content of this news release. In addition to the analytical QA/QC program
outlined above, data verification also includes significant time onsite reviewing drill core, soil and outcrop
sampling, artisanal workings, as well as discussing work programs and results with geology personnel and
external consultants.
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 plant expansions . A maiden resource estimate on the Blue Lake copper -gold
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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 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, identified 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”, “would”, “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 th ose 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 in cluding 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 t iming, 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 conflicts 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”.