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K92 Mining Announces Australia Has Lifted Travel Suspension for the Resource Sector's Expatriate Fly-in Fly-out Workforce, K92 Says 2021 Guidance Not Impacted by Travel Restrictions

During the expatriate travel restriction period, the Kainantu Gold Mine continuously operated. The mine operates with a comprehensive COVID-19 Management Plan and a significant focus on health and safety and

05/10/2021 06:36

During the expatriate travel restriction period, the Kainantu Gold Mine continuously operated. The mine operates with a comprehensive COVID-19 Management Plan and a significant focus on health and safety and risk-mitigation. Under the COVID-19 Management Plan, K92 operates a Government recognized testing lab facility, has qualified medical personnel on site, quarantine and isolation facilities for incoming staff, testing for all incoming staff, and enhanced hygiene, disinfecting and training systems and procedures.

The previous travel restriction, as noted in the Company's March 18, 2021 press release (see press release: Kainantu Operations and COVID-19 Update), has impacted some non-production related activities. This impact includes the twin incline, which is the long-lead time item for the Stage 3 Production Expansion as well as a reduction in the amount of exploration and resource definition drilling undertaken during this period. As a result, the completion of the updated resource estimate required for the Definitive Feasibility Study is expected to be delayed until Q4 2021.

While there has been some limited impact on operations due to lower numbers of expatriate personnel on site during the period of travel restrictions, this not expected to impact guidance for 2021.