K92 Mining Commences Gold Production at Kainantu Gold Mine


K92 Mining | Stockhouse

  • K92 Process Mill has Successfully Treated the First Batch of Underground Ore Delivered from Irumafimpa, With Concentrate Now Produced
  • Concentrate Shipment Deliveries Anticipated to Start Nov 2016
  • Gold Production at Irumafimpa Will Ramp Up to Steady State Operations, Reaching an Annualised Production Rate of 52,000 Au Per Annum, Over Coming Months

K92 Mining Inc. is pleased to announce that gold production has commenced from the Irumafimpa Gold Deposit.

Ian Stalker, K92 Chief Executive Officer, states:

“This milestone is highly significant for our Company, and for this region of PNG. A great deal of thanks goes to the entire team on site in PNG in achieving production ahead of schedule and on budget.

The rehabilitation of the Irumafimpa Gold Mine, process plant and associated infrastructure commenced in late March this year and is now complete. As an enhancement of the processing facility, we are also pleased to note that the installation of a new Drum Scrubber is also nearing completion and commissioning of this will be completed by the end of the month.

Over the past months, K92 has enhanced the existing underground mobile plant fleet including receiving onsite delivery of trucks, LHDs, jumbo and stope drills.

With mining at Irumafimpa and processing now commenced, we are now well positioned to evaluate and advance production expansion opportunities that exist within our Mining Lease ML150 including potential at the Kora Gold Deposit.”

K92 purchased the Kainantu Gold Project from Barrick Gold Corp. in 2015


Filed under Financial returns, Papua New Guinea

7 responses to “K92 Mining Commences Gold Production at Kainantu Gold Mine

  1. Pingback: K92 Mining Commences Gold Production at Kainantu Gold Mine — Papua New Guinea Mine Watch | Indiĝenaj Inteligenteco

  2. Helen

    Where is the concentrate sent for cyanide processing? How many villagers live nearby? What independent monitoring of water quality etc?

    • Sponge Bob

      Good thing about this kind of mine is that there is no cyanide. A gold concentrate is made and shipped to an overseas smelter for refining. Wish there were more of these small-scale, small-footprint mines in PNG.

  3. Moses Wininga

    Really Good

  4. Helen

    Where is the concentrate sent then for the cyanidation?

    • Sponge Bob

      Smelters in Japan, China, Korea or the Philippines where they extract the gold – not sure but don’t think there is any cyanide in the process. You can always ask K92 mining directly. Email is site@k92mining.com

  5. Probably worthwhile checking out or in with Chris Muller the Exploration Manager of K92. He has worked in Mongolia, Indonesia, Ghana and Australia.
    He was also employed by Papua Mining plc an exploration company with projects in Papua New Guinea in the Ring of Fire region, exploring for large scale copper-gold porphyries similar to Grasberg, Bougainville & Wafi-Golpu and major gold deposits such as Ok Tedi and Lihir. The Papua Mining Company commenced trading on the AIM exchange on 2 March 2012. (see http://papuamining.com/).
    He certainly doesn’t respect the environment or the people (land owners).
    We all know about Grasberg in West Papua, we all know about Bougainville, we all know about Ok Tedi, we all know about Lihir and the Wafi- Golpu.

    Check him out on the K92 website.
    “To guide the resource expansion and exploration mandate, K92 is pleased to announce the appointment of Mr. Chris Muller, PhD, as Exploration Manager of K92.

    Mr Muller has extensive international mining experience, including a decade of experience in Papua New Guinea (“PNG”). His ten years of experience in PNG includes four years with the Morobe Mining Joint Venture (Newcrest Mining/Harmony Gold) as Geology Manager/Principal Geologist working on the Wafi – Golpu Project, where he led the Nambonga Porphyry and Golpu West/Golpu Deeps discovery team. Mr. Muller has also worked in Mongolia, Indonesia, Ghana and Australia.

    Mr. Muller has a PhD in Tectonics/Biogeography of the Indo-Pacific using Rhopaloceran genetics and a High First Class honours degree from the Centre of Ore Deposit Research, University of Tasmania and a Bachelor of Science degree from Macquarie University.”

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