K92 Mining

K92 Mining Inc. is a leading gold producer operating in Papua New Guinea, focused on the development and expansion of the Kainantu Gold Mine, a high-grade, underground gold mine with world-class potential. Recognized globally for its rapid growth and transformative discoveries, K92 has achieved significant milestones, including a 1,108% increase in measured and indicated resources and a 781% growth in inferred resources since 2017. The company's flagship Kainantu Gold Mine is supported by extensive infrastructure, high-grade deposits, and a proven operational track record, placing it among the highest-grade and lowest-cost underground gold producers in the world.

K92's growth strategy is anchored on its staged expansion plans, which aim to increase annual production from 120,000-140,000 ounces of gold equivalent (AuEq) in 2024 to over 400,000 ounces at peak capacity by Stage 4. With a land package covering approximately 830 square kilometers in a highly prospective region, K92 continues to identify significant exploration opportunities that complement its existing resource base.

Committed to sustainability, K92 maintains a strong focus on environmental stewardship and community development. The company targets a 30% reduction in greenhouse gas emissions by 2030 and has implemented numerous social initiatives, including local employment programs, education scholarships, and infrastructure development. K92 Mining Inc. is listed on the Toronto Stock Exchange (TSX: KNT) and OTCQX (KNTNF) and is led by a highly experienced management team dedicated to delivering long-term value for stakeholders.

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K92 Mining Inc. presents a compelling investment opportunity driven by its flagship Kainantu Gold Mine, a high-grade, low-cost operation with significant resource expansion potential. Positioned in Papua New Guinea's highly prospective "Elephant Country," the Kainantu project boasts a large mineral resource base, including 2.6 million ounces of gold equivalent (AuEq) in the measured and indicated category and 4.5 million ounces in the inferred category, with high-grade deposits averaging ~11 g/t AuEq since commercial production.

K92’s ongoing expansion plans, including the upcoming Stage 3 and Stage 4 developments, are set to transform the Kainantu Gold Mine into a Tier-1 mid-tier producer with peak production exceeding 400,000 ounces of AuEq annually. These expansions are fully funded and designed to achieve low all-in sustaining costs (AISC), enhancing the company’s competitive position as a high-margin gold producer.

In addition to its strong production profile, K92 is strategically positioned to deliver sustainable growth. The company’s extensive exploration initiatives focus on resource expansion near existing infrastructure, offering a cost-effective path to unlocking further value. With ongoing drilling programs targeting multiple high-priority vein and porphyry systems, K92 is poised to add significant ounces to its resource base while maintaining its reputation for efficient discovery costs.

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K92 Mining Inc. is led by a seasoned management team with a proven track record of successfully advancing mining projects from exploration to production. The team combines extensive expertise across mining operations, project development, corporate finance, and sustainability, positioning K92 for long-term growth and value creation.

At the helm is John Lewins, Chief Executive Officer and Director. A mineral engineer with +35yrs of global experience (Africa, Australia, Asia, N. America & former Soviet Union) at project development, operational and corporate level. Former GM of MIM Holdings, MD of Platinum Australia and Executive Director of African Thunder Platinum SA. Became CEO of K92 in Aug 2017; previously COO.

Justin Blanchet, Chief Financial Officer, has 20 yrs of financial reporting, audit, treasury, business development, and regulatory compliance experience in the mining industry and has worked on international projects throughout the world. Mr. Blanchet is a Canadian Chartered Professional Accountant and a U.S. Certified Public Accountant (Washington).

This leadership team is complemented by a skilled Board of Directors, whose members possess deep industry knowledge and diverse expertise in mining, finance, and governance. Together, they provide strategic oversight to ensure K92 continues to deliver operational excellence, sustainable practices, and value for stakeholders.

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K92 Mining Inc. is executing a comprehensive growth strategy centered on expanding its flagship Kainantu Gold Mine into a Tier-1 mid-tier producer while maintaining its focus on operational efficiency and sustainability. This strategy is underpinned by fully funded, staged expansions that will increase production capacity from 120,000-140,000 ounces of gold equivalent (AuEq) in 2024 to over 400,000 ounces annually at peak capacity with the completion of Stage 4 by 2027.

To sustain this growth, K92 is aggressively pursuing exploration initiatives across its ~830 km² land package, targeting high-priority vein and porphyry systems near existing mine infrastructure. These exploration efforts are designed to deliver low-cost resource additions, further extending the mine’s life and enhancing its production profile.

Environmental stewardship and community engagement are integral to K92’s growth strategy. The company is committed to reducing greenhouse gas emissions by 30% by 2030 through energy-efficient initiatives and renewable power integration. K92 also prioritizes strong relationships with local communities, investing in employment programs, infrastructure development, and educational opportunities to foster long-term socio-economic benefits.

K92’s established infrastructure, high-grade resource base, and low operating costs provide a strong foundation for sustainable growth. With a proven track record of successful execution and a focus on delivering shareholder value, the company is well-positioned to capitalize on rising gold prices and global demand while maintaining its commitment to responsible mining practices.

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K92 Mining Inc. is in a robust financial position, supported by its low-cost operations, fully funded expansion plans, and a history of strong operational performance. As of September 30, 2024, the company reported a cash balance of $120 million, with an additional $20 million in restricted cash set to become unrestricted in January 2025. K92 also benefits from significant liquidity through undrawn credit facilities, providing up to $90 million in additional financial flexibility.

The company’s disciplined approach to growth is reflected in its capital allocation strategy. The ongoing Stage 3 and Stage 4 expansions at the Kainantu Gold Mine are fully funded, with 63% of the required capital already spent or committed as of late 2024. These expansions are expected to significantly reduce all-in sustaining costs (AISC) and drive strong free cash flow, positioning K92 as one of the lowest-cost gold producers globally.

Operationally, K92 continues to deliver impressive results, with record production levels and strong profitability. The company has protected itself against commodity price volatility by securing cost-effective put contracts during its expansion phase, ensuring downside protection while retaining full exposure to potential upside in gold prices.

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K92 Mining Inc. is a rapidly growing gold producer poised to become a Tier-1 mid-tier mining company through its flagship Kainantu Gold Mine in Papua New Guinea. With a high-grade resource base, fully funded expansion plans, and a strong commitment to sustainability, K92 is well-positioned to deliver long-term value to its stakeholders.

The company’s focus on operational excellence, cost efficiency, and resource growth underpins its transformation into a major player in the gold mining sector. By leveraging its extensive infrastructure, efficient discovery methods, and a disciplined financial strategy, K92 offers investors a rare combination of growth potential, profitability, and resilience in the face of industry challenges.

K92’s leadership in environmental stewardship and social responsibility ensures that its growth is not only economically sustainable but also beneficial to its host communities. With a clear pathway to significant production increases and a strong emphasis on ESG principles, K92 is setting new benchmarks in responsible mining.

For investors seeking exposure to a high-margin, low-cost gold producer with world-class resource potential and a de-risked growth profile, K92 Mining Inc. represents an exceptional opportunity. As it advances its strategic objectives, K92 remains committed to building sustainable value for its shareholders and stakeholders alike.

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