The company’s executive vice president for exploration Chris Muller says Arakompa mineralization is comparable to the company’s producing Kainantu mine’s Kora and Judd veins. Kainantu is expected to operate until 2034, but the company aims to extend its lifespan further through expansions and exploration at the Kora, Judd, and Arakompa deposits.
“The grades and thicknesses at Arakompa mirror the Kora veins, making it just as prospective,” Muller said in a news release.
Located 4.5 km from the cornerstone Kainantu mine in the country’s Eastern Highlands, the Arakompa deposit hosts a historical resource of 800,000 oz. at 9 grams gold per tonne. It’s seen as critical for sustaining K92’s future production and could cut development costs by using existing infrastructure.
K92’s CEO, John Lewins, said the results opened up selective and bulk mining opportunities. “With Arakompa delivering grades and…
