K92 Mining has announced further growth at its Kainantu gold mine in Papua New Guinea, highlighting strong drilling results close to existing underground operations.
In its latest update, the company said recent drilling has confirmed additional high-grade gold and copper mineralisation near current mine infrastructure. As the new zones are located close to established tunnels and facilities, minerals and new mining locations can potentially be developed more quickly and at lower cost.
K92 said the newly identified area near the Twin Incline section of the mine shows consistent mineralisation over a broad area. This is expected to support more efficient bulk mining methods once pastefill systems are fully introduced, improving overall productivity and mine flexibility.
The company also reported positive early results from deeper drilling below the current mining levels across Kora, Kora South, Judd and Judd South deposits. These results suggest the mineral system continues at depth, offering potential for future resource growth.
Drill results include 4.95m at 38.46 grams per tonne (g/t) gold equivalent, including 6g/t silver and 0.4 per cent copper, and 7.4m at 14.04g/t gold equivalent.
Additional drilling above existing workings has also delivered strong grades, indicating opportunities to further expand production areas.
In a recent investor update, K92 highlighted that all recent underground drill holes intersected mineralisation, underscoring the strength and continuity of the deposit.
The company’s chief executive officer John Lewins said the results demonstrate the scale and consistency of the Kora-Judd system and reinforce confidence in the company’s expansion plans.
With an increased exploration budget for 2026, increasing by more than 50 per cent to $31–$35 million, and multiple drill rigs operating, K92 aims to continue growing resources while strengthening near-mine infrastructure to support long-term production at Kainantu.
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