Expansion Of Near Mine Infrastructure Dilatant Zone

VANCOUVER – K92 Mining Inc. reported on the ongoing underground diamond drilling of the Kora, Kora South, Judd and Judd South deposits in addition to the Kora and Judd Deeps targets at the Kainantu Gold Mine in Papua New Guinea. Multiple high-grade dilatant zone intercepts recorded at Kora’s K2 vein, located near-mine infrastructure in the Twin Incline Mining Front, approximately 50 m from underground development. The intersections are associated with a previously interpreted dilatant zone that is now defined to approximately 100 m along strike by 200 m vertical extent. This dilatant zone is expected to provide a near-term boost to mining productivity upon the introduction of pastefill, enabling bulk transverse long-hole open stoping.
First Set of Kora Deeps and Judd Deeps Results Delivers Significant Depth Extension with Strong Strike Extent, Thickness and High Grades. Multiple thick, high-grade interceptions recorded at Kora Deeps along the K1 Vein, up to 350 m below the Twin Incline and 250 m below the 2023 mineral resource estimate (MRE). Thick, high-grade mineralization is defined over a strike length of approximately 400 m to date, and remains open at depth and along strike to both the north and south. A
John Lewins, Chief Executive Officer and Director, said, “We are very pleased with the latest drilling results, which continue to deliver strong near-mine growth and demonstrate the exceptional continuity and scale of the Kora-Judd system. Key highlights include the expansion of a dilatant zone near-mine infrastructure at the Twin Incline Mining Front, extensions of high-grade zones above the Main Mine at grades outperforming the mineral resource estimate, and significant depth extensions at both Kora and Judd from our initial set of deeps drill program results. Numerous high-grade intersections were also recorded along strike to both the north and south, further reinforcing the strength of the vein system and our organic resource growth pipeline.
With our exploration budget increasing by more than 50% in 2026 to $31-$35 million, we see significant opportunities to continue expanding resources in the near term. We currently have seven underground drill rigs operating at Kora and Judd, five surface rigs at Arakompa and Maniape, one at Wera, and two additional rigs scheduled to arrive in the second quarter. Later in the year, we plan to expand drilling to target several highly prospective regional targets, including Mati, Mesoan, Bona-Creek, and Judd North from surface. We look forward to providing further exploration updates in due course.”