Mine expects more gold, copper

Business

K92 Mining is mining from production stopes where higher gold and copper grades are anticipated at Irumafimpa in Eastern Highlands.
According to a statement from the company, it was anticipated that the start of this new stope production, combined with ongoing production from development and remnant stopes would allow commercial production to be achieved next month.
Additionally, extraction of material from three planned  stopes that were awaiting geotechnical input from independent consultants to finalise the design and extraction programmes is scheduled to start in the coming quarter.
Extraction in this area will apply a combination of long-hole stoping and flatbacking (cut and fill), depending on access and geotechnical considerations.
To date, about 7000 metres of grade control drilling has now been completed at Irumafimpa, which means the company has grade control drilling for the next three months of production.
Continuing with grade control drilling and staying ahead of production is key within K92’s strategy of efficiently mining Irumafimpa.
Ian Stalker, K92 chief executive and director, said: “Moving from mining development material into stope material is a major positive for our Irumafimpa mining operation.
“With mining and processing going well and with the production ramp up progressing, shareholders can also look forward to the commencement of exploration drilling to follow up on the recent Kora extension discovery hole.
“The combination of production alongside of exploration targeting high-impact expansion and discovery will provide significant news flow in the coming weeks and months.”
According to the company, K92 Mining has started gold production from the Irumafimpa gold deposit, which together with the Kora gold deposit, is part of the company’s Kainantu Gold Project located in Eastern Highlands.
K92 is operated by an experienced team of mining company professionals who, combined, have been involved in building more than 20 mines and $5 billion (K12.55 billion) in buyouts.

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