K92 Mining Inc. (“
K92” or the
“
Company”) (TSX
: KNT;
OTCQX
: KNTNF) is pleased to announce the
appointment of Anne E. Giardini as the Company’s Chair of the Board
of Directors.
Ms. Giardini, KC, who has served as an
independent director of K92 since 2020, brings 35 years of
experience as a director, senior executive, lawyer, journalist and
author. She has extensive expertise in the areas of strategy,
governance, public reporting, financings, mergers and acquisitions,
aboriginal affairs, safety, environment, government relations,
litigation, and employment and labour matters.
A long-time leader within Canada’s resource
industry, Ms. Giardini had a +20-year career with Weyerhaeuser,
including as General Counsel and subsequently President of
Weyerhaeuser's Canadian subsidiary. Ms. Giardini currently serves
on the boards of the Pembina Institute, Capstone Copper Corp., and
Stella-Jones Inc. Previously, she was Chair of the Greater
Vancouver Board of Trade and Chair of the BC Achievement
Foundation, and served on numerous other boards including
Weyerhaeuser Company Limited; Nevsun Resources Ltd.; Thompson Creek
Metals Company Inc; HydroOne; TransLink; and Canadian Mortgage and
Housing Corporation.
John Lewins, K92 Chief Executive Officer and
Director, stated, “We are very pleased to appoint Anne Giardini as
Chair of the Board of Directors of K92. Since joining the Board,
Anne has been a major contributor, bringing to bear a strong and
diversified skillset in addition to significant leadership
qualities as Chair of the Nominating and Corporate Governance
Committee, Chair of the Environmental, Social and Sustainability
Committee, and member of the Audit Committee. We look forward to
working with Anne in her expanded role.”
“I am honoured to succeed Tookie Angus as Chair
of the Board,” said Ms. Giardini. “His guidance helped the
Company grow significantly under his tenure. I appreciate the
Board's confidence and look forward to working with my fellow
directors and the K92 management team to advance our strategic
priorities.”
About K92
K92 Mining Inc. is engaged in the production of
gold, copper and silver at the Kainantu Gold Mine in the Eastern
Highlands province of Papua New Guinea, as well as exploration and
development of mineral deposits in the immediate vicinity of the
mine. The Company declared commercial production from Kainantu in
February 2018 and is in a strong financial position. A maiden
resource estimate on the Blue Lake porphyry project was completed
in August 2022. K92 is operated by a team of mining company
professionals with extensive international mine-building and
operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and
Director
For further information, please contact David
Medilek, P.Eng., CFA, President at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION: This news release includes certain “forward-looking
statements” under applicable Canadian securities legislation. Such
forward-looking statements include, without limitation: (i) the
results of the Kainantu Project Definitive Feasibility Study, and
the Kainantu 2022 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; and (iii) the
Kainantu Stage 4 Expansion, operating two standalone process
plants, larger surface infrastructure and mining throughputs.
All statements in this news release 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. All such forward-looking statements are based on the
opinions and estimates of management as of the date such statements
are made. Forward-looking statements are necessarily based on
estimates and assumptions that are inherently subject to known and
unknown risks, uncertainties and other factors, many of which are
beyond our ability to control, that may cause our actual results,
level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
information. Such factors include, without limitation, Public
Health Crises, including the COVID-19 Pandemic; changes in the
price of gold, silver, copper and other metals in the world
markets; fluctuations in the price and availability of
infrastructure and energy and other commodities; fluctuations in
foreign currency exchange rates; volatility in price of our common
shares; 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; 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; inability of the
Company to identify appropriate acquisition targets or complete
desirable acquisitions; 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 conflict in Ukraine;
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”.
Estimates of mineral resources are also
forward-looking statements because they constitute projections,
based on certain estimates and assumptions, regarding the amount of
minerals that may be encountered in the future and/or the
anticipated economics of production. The estimation of mineral
resources and mineral reserves is inherently uncertain and involves
subjective judgments about many relevant factors. Mineral resources
that are not mineral reserves do not have demonstrated economic
viability. The accuracy of any such estimates is a function of the
quantity and quality of available data, and of the assumptions made
and judgments used in engineering and geological interpretation,
Forward-looking statements are not a guarantee of future
performance, and actual results and future events could materially
differ from those anticipated in such statements. Although we have
attempted to identify important factors that could cause actual
results to differ materially from those contained in the
forward-looking statements, there may be other factors that cause
actual results to differ materially from those that are
anticipated, estimated, or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
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