K92 Mining Inc. Provides Operations and Stage 2 Expansion Update

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Overig advies 21/01/2020 13:50
.Stage 2 Expansion from 200,000 tpa to 400,000 tpa continues to progress well.
•Key equipment received in late-2019, including new production long hole drill, 17t-bucket underground LHD loader, twin boom autodrill development jumbo and integrated emulsion charging unit.
•Arrival of the production long hole drill marks the beginning of Kainantu’s transition from an exclusively cut and fill mine to a high-productivity, lower-cost, long hole open stoping extraction method.
•Primary ventilation system and underground electrical reticulation upgrade completed in December 2019, for a ~3x increase in ventilation fan power, resulting in a more than 100% increase in flow rates and immediate improvement to the mining cycle and operational flexibility.
•Record material movements (mill feed and waste rock) of 120,000 tonnes in Q4 2019 achieved from under 60,000 tonnes in Q1 2019. A key focus has been on waste development for the expansion and there are now seven sublevels established – previously three operating sublevels in 2018.
•Preparation for development of Kainantu Twin Incline has commenced with earthworks underway.
•Final stages of process plant expansion progressing with crusher upgrade, including installation of new secondary crusher largely completed. Additional flotation tank foundations and tank installation is complete, with piping and electricals underway.

Vancouver, British Columbia, January 21, 2020 – K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to provide an update on its operations and Stage 2 Expansion at its producing underground Kainantu Gold Mine (“Kainantu”) in Papua New Guinea.

Mining Fleet
Since K92 announced the formal decision for the Stage 2 Expansion on March 13, 2019 (see Press Release: K92 Mining to Expand Kainantu Gold Mine, PNG), Kainantu has undergone a significant expansion and modernization of the mining fleet. The fleet expansion includes not only an increase in the quantity of equipment but also a significant increase in equipment size. In late-2019, Kainantu received its latest major equipment delivery including:
•Sandvik LH517i UG LHD loader on site and operational
•Sandvik DL421-15C long hole production drill rig on site and commissioning
•Sandvik DD422i Platinum twin boom development (Autodrill capable) jumbo on site and commissioning
•Minecat integrated emulsion charging unit on site and commissioning

see & read more on
https://www.k92mining.com/2020/01/k92-mining-inc-provides-operations-and-stage-2-expansion-update/



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