CinemaHopeDesign
K92 Mining (OTCQX:KNTNF) released an update resource estimate for its Kora and Judd deposits at its Kainantu Mine (effective date September 12th, 2023), and the results exceeded my expectations. As noted in a previous update in June 2023, I expected to see resource growth to 5.6 million GEOs in 2023 as I wasn’t sure about the company’s ability to get enough infill drilling completed in time to see the full benefit of resource growth this year, but that I expected 6.3 – 7.1 million GEOs to be proven up by year-end 2024. And as the below charts highlight, the company’s new resource hit the top end of my estimate a year early, with ~7.1 million gold-equivalent ounces across all categories.
“If we combine these two resources, I see the potential for 6.3 – 7.1 million gold-equivalent ounces to be proven up in the resource category at Kainanatu (Judd + Kora) by year-end 2024 (Q1 2025) and I think there’s upside to this…
