K92 Mining Inc. (the “Company” or “K92”, TSXV: KNT, OTC QB: KNTNF) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) on its Kora gold deposit (“Kora”), which together with its Irumafimpa gold deposit (“Irumafimpa”) comprise the Kainantu Gold Project (the “Kainantu Project”).
- positive cash flow of US$558 million over 9 years, an Internal Rate of Return (IRR) of 113% and achieve an NPV5 of US$415 million
- 400,000 tonnes per annum (108,000 Au Eq per annum) over a 9 year period with cash costs of US$547/oz AuEq and all in sustaining costs (AISC) of US$619/oz AuEq
- Treatment of 3.2 Million tonnes @ 7.1 g/t Au, 25 g/t Ag & 1.7% Cu (9.3 g/t Au Eq*) over the 9 years
- Initial Capital Cost of US$13.84 Million
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Your Derek and Clive update, as K92 Mining (KNT) gives us a PEA on a secondary deposit at its asset that's...well, if it's too good to be true then usually...hey I dunno, have a look yourself:
Continues here. One hundred and thirteen percent IRR, what could possibly go wrong?