Legal Notice and Cautionary Statements
By accessing or using this website you (“you”, “You”, “Your”, “your”, “user” or “User”) accept the following terms of K92 Mining Inc. and its licensors and affiliates (collectively, “We”, “we”, “Us”, “us”, “Our”, “our”, the “Company”, “K92” or “K92 Mining”). Please read the following terms and conditions of use (“Terms of Use”) carefully before using this website, k92mining.com or affiliated sites providing K92 (collectively the “Site”). By using the Site, you acknowledge that you have read the Terms of Use and that you accept and will be bound by the Terms of Use. If you do not agree to the Terms of Use, do not use the Site.
The Terms of Use may be amended from time to time without notice to you. Any updated, revised or amended terms will be effective immediately upon the updated, revised or amended terms being posted to the Site or by us otherwise making them available to you. You should periodically revisit the Site to review the then-current Terms of Use governing your use of the Site and determine if you wish to continue accessing the Site.
This Site is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscribe for any securities of K92 Mining in Canada, the United States or any other jurisdiction. Trading in the securities of the Company should be considered highly speculative.
FORWARD LOOKING INFORMATION
Certain statements, beliefs and opinions in this Site are “forward looking information” within the meaning of applicable Canadian securities legislation (“forward-looking statements”) Such forward-looking statements include, without limitation: (i) the realization of the Kainantu Mine Definitive Feasibility Study, and the Kainantu Preliminary Economic Assessment, including the Stage 3 Expansion, a new standalone 1.2 mtpa process plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; (iv) realization of the integrated development plan; (v) information relating to the Company’s future financial or operating performance contained in graphs, tables and charts; (vi) the generation of further drilling results; (vii) expectations of future cash flows; (viii) potential expansion of mineral resources; and (ix) the potential extended life of the Kainantu Mine.
All statements in this Site that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur.
Forward-looking statements are based on estimates and assumptions as of the date of this Site regarding K92’s future financial or operating performance that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied and which are beyond the Company’s ability to control or predict. Forward-looking statements contained in this Site regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future and are not guarantees of future performance.
Information contained in this Site is based on certain factors and assumptions regarding: there being no significant disruptions affecting the Company’s operations; political and legal developments in Papua New Guinea being consistent with the Company’s current expectations; the accuracy of K92’s mineral reserve and mineral resource estimates; exchange rates between the Canadian dollar and U.S. dollar, and the Papua New Guinea Kina, being consistent with current levels; prices for key supplies being consistent with current levels; equipment, labour and materials costs increasing on a basis consistent with K92’s expectations; all required permits, licenses and authorizations being obtained from the relevant governments and other relevant stakeholders within the expected timelines and the absence of material negative comments during the applicable regulatory processes; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”, in the annual management’s discussion and analysis (“MD&A”) and Technical Reports filed on SEDARPLUS at www.sedarplus.ca and available on this Site. The list is not exhaustive and although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended that should be considered carefully.
Accordingly, all the forward-looking statements contained in this Site are qualified by these cautionary statements. K92 expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except in accordance with applicable laws. No person should place undue reliance on forward-looking statements, which speak only as of the date of this Site.
NATIONAL INSTRUMENT 43-101
The material property of the Company is the Kainantu Gold Mine, Papua New Guinea (the “Kainantu Gold Mine” or the “Project”). Unless otherwise stated, scientific and technical information concerning the Project is summarized, derived or extracted from the following technical report (the “Technical Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”):
- “Independent Technical Report, Kainantu Gold Mine Updated Integrated Development Plan, Kainantu Project, Papua New Guinea” dated November 28, 2024, with an effective date of January 1, 2024.
Readers are reminded that results outlined in the Technical Report for the Project is preliminary in nature, include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment outlined in the Technical Report will be realized.
Readers are further cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.
All scientific and technical information contained on this Site has been reviewed and approved by Mr. Andrew Kohler, PGeo, K92’s Mine Geology Manager and Mine Exploration Manager, and a Qualified Person as defined by NI 43-101.
Readers are also advised to refer to the latest annual information form of the Company as well as other continuous disclosure documents filed by the Company at www.sedarplus.ca, for detailed information (including qualifications, assumptions and notes) regarding the mineral reserve and mineral resource information contained on this Site.
NON-IFRS MEASURES
This Site includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards (“IFRS”), including “cash operating costs”, “earnings before interest, taxes, depreciation and amortization” (“EBITDA”), and “all-in sustaining costs” (“AISC”). Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and should be read in conjunction with K92’s consolidated financial statements. Readers should refer to K92’s MD&A under the heading “Non-IFRS Performance Measures”, available at www.sedarplus.ca and this Site, for a more detailed discussion of how the Company calculates such measures and a reconciliation of certain measures to IFRS terms.
CAUTIONARY NOTE TO US INVESTORS
Information regarding mineral resource estimates has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States Securities and Exchange Commission (“SEC”) Industry Guide 7. In October 2018, the SEC approved final rules requiring comprehensive and detailed disclosure requirements for issuers with material mining operations. The provisions in Industry Guide 7 and Item 102 of Regulation S-K, have been replaced with a new subpart 1300 of Regulation S-K under the U.S. Securities Act of 1933, as amended, and will become mandatory for SEC registrants after January 1, 2021. The changes adopted are intended to align the SEC's disclosure requirements more closely with global standards as embodied by the Committee for Mineral Reserves International Reporting Standards (CRIRSCO), including Canada's NI 43-101 and CIM Definition Standards. Under the new SEC rules, SEC registrants will be permitted to disclose "mineral resources" even though they reflect a lower level of certainty than mineral reserves. Additionally, under the new SEC rules, mineral resources must be classified as “measured”, “indicated”, or “inferred”, terms which are defined in and required to be disclosed by NI 43-101 for Canadian issuers and are not recognized under SEC Industry Guide 7. An “Inferred Mineral Resource” has a lower level of confidence than that applying to an “Indicated Mineral Resource” and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of “Inferred Mineral Resources” could be upgraded to “Indicated Mineral Resources” with continued exploration. Accordingly, the mineral resource estimates and related information may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements under the United States federal laws and the rules and regulations thereunder.
PRIVACY POLICY
You acknowledge and agree that your use of the Site is subject to the Privacy Policy of K92 Mining, available at https://k92mining.com/privacy-policy/, the terms of which appear on the Site, as it may change from time to time. Our Privacy Policy applies to the collection, use and disclosure of your personal information, all as set out in that Privacy Policy.
You agree that the terms of such Privacy Policy are reasonable. You consent to the use of your personal information by K92 Mining in accordance with the terms of and for the purposes set forth in the Privacy Policy.