K92 Mining Declares Sturdy Q3 Manufacturing Outcomes – 44,323 oz AuEq Produced Plus 4,893 oz AuEq in Commissioning Stockpile and Important Stage 3 Enlargement Progress Achieved

K92 Mining Inc . (” K92 ” or the ” Firm “) (TSX : KNT,OTC:KNTNF; OTCQX : KNTNF) is happy to announce manufacturing outcomes for the third quarter (” Q3 “) of 2025 from its Kainantu Gold Mine in Papua New Guinea.

Q3 2025 Manufacturing Outcomes

• Sturdy quarterly manufacturing of 44,323 ounces gold equal (“AuEq”) ⁽¹⁾ or 42,244 oz gold, 1,323,538 lbs copper and 34,831 oz silver (Determine 1). Quarterly gross sales of 45,006 oz gold, 1,480,151 lbs copper and 43,271 oz silver. With greater than 80% of the decrease finish of annual steerage achieved within the first three quarters, plus ending Q3 with a 4,893 oz AuEq commissioning stockpile in keeping with the Stage 3 Enlargement necessities (28,702 tonnes at 5.3 g/t AuEq or 5.0 g/t gold, 0.24% copper, and 11.9 g/t silver), the Firm stays on monitor to satisfy its 2025 manufacturing steerage of 160,000–185,000 oz AuEq.
• Quarterly ore processed of 137,172 tonnes, a 31% enhance from Q3 2024, with a head grade of 11.2 grams per tonne (“g/t”) AuEq, or 10.7 g/t gold, 0.47% copper and 10.3 g/t silver. Head grade in the course of the quarter was above funds, benefitting from a constructive gold grade reconciliation versus the newest impartial mineral useful resource estimate (September 12, 2023 efficient date for Kora and Judd).
• Sturdy metallurgical recoveries in Q3 of 95.0% for gold and 94.6% for copper (Determine 2). The method plant has now delivered six consecutive quarters exceeding the up to date definitive feasibility research (“Up to date DFS”) restoration parameters for each gold (92.6%) and copper (94.2%) (January 1, 2024 efficient date).
• File complete materials mined (ore plus waste) of 353,770 tonnes, with a number of tonnes to floor day by day data (ore plus waste) in late-September, together with 5,769 tonnes on September 27 and 6,404 tonnes on September 29, demonstrating the elevated materials motion advantages realized from the commissioning of the primary materials go in the course of the quarter mixed with the graduation of floor vehicles working within the twin incline. Whole mine growth was 2,477 metres. The operation continues to stability lateral growth priorities between the completion of key underground tasks, together with prioritizing low equal lateral advance jumbo actions such because the Puma Air flow Drive and the underground pastefill chamber.
• Whole ore mined of 152,485 tonnes, the second highest on document, with mining exercise throughout 13 ranges, together with the 1090, 1110, 1225, 1325, 1345, and 1365 ranges at Kora, and the 1010, 1030, 1050, 1170, 1185, 1325, 1345 and 1385 ranges at Judd – lengthy gap open stoping carried out to design.

Stage 3 Enlargement – Important Progress Made. Development of Stage 3 Plant Full, Commissioning Nicely-Superior, First Gold Pour and First Focus Manufacturing on Observe for First Half of This autumn 2025

• Development of the brand new 1.2 million tonnes-per-annum Stage 3 Enlargement Course of Plant is full and was delivered underneath the capital expenditure funds, marking a significant milestone for the development workforce. Crushing, grinding and flotation circuits at the moment are being commissioned with ore, with first gold pour, first gold-copper-silver focus manufacturing and completion of plant commissioning on schedule for the primary half of This autumn 2025. As at September 30, 2025, 90% of Stage 3 Enlargement development capital has both been spent or dedicated and stays on funds.
• Throughout Q3, the key building contracts have been awarded for the pastefill plant. The floor tailings filtration plant detailed engineering and design is full, early earthworks are full and civil works have commenced. The floor storage facility close to the underground mine is quickly advancing, with web site clearing full, early earthworks underway, and detailed engineering almost full. The underground pastefill plant bulk excavations made important progress in the course of the quarter, and detailed engineering and design is sort of full. Lengthy-lead objects for the assorted paste infrastructure tasks at the moment are arriving on web site. Commissioning stays on schedule to start mid-Q1 2026, with sensible completion of commissioning of the pastefill circuit remaining on schedule for mid-2026.
• Throughout the quarter, a number of key Stage 3 Enlargement underground building and operational excellence tasks have been accomplished or are approaching completion, together with:
  • Materials Go – Development and commissioning accomplished in Q3, connecting the primary mine by way of gravity to the extremely productive twin incline haulage route. In late-Q3, a number of floor haulage day by day data have been delivered as famous above, pushed by the commissioning of the fabric go, mixed with the graduation of floor haul vehicles working within the twin incline that transport materials instantly from underground to floor stockpiles, eliminating the necessity for rehandle. The following materials go is deliberate to start growth in This autumn and change into operational in Q1 2026, enabling a devoted go for each ore and waste, respectively.
  • Part 2 Air flow Improve – Growth of two raisebored air flow raises was accomplished in Q3, with the total air flow improve deliberate for the second half of October. This improve is anticipated to ship a +30% enhance in main mine airflow (150 m ³ /s to 200 m ³ /s), enabling two main productiveness enhancements: i) diminished re-entry instances after blasting, and; ii) diminished blast initiation time with the introduction of a centralized blasting system which allows distant initiation from floor – these two mixed enhancements will allow firing twice a day (presently as soon as a day).
  • Part 3 Air flow Improve – Puma Air flow Drive on schedule for This autumn completion and is now inside 70m of floor breakthrough. Floor works are full forward of the breakthrough, and upon breakthrough, main mine airflow is anticipated to extend to 250 m ³ /s, additional lowering blast re-entry instances and assembly the airflow necessities for the Stage 3 Enlargement. As soon as full, the vent circuit will probably be modified, in order that the dual incline will function underneath extremely environment friendly one-way visitors stream that makes use of each inclines.
  • Stage 4 Enlargement Air flow Improve – Set up of two x 2 MW variable velocity drive followers is presently underway and scheduled for completion in This autumn. Electrification is deliberate to be opportunistically accomplished in H1 2026 as it isn’t required for the Stage 3 Enlargement.
  • Decline-Incline Convergence Undertaking connecting the Predominant Mine with the Twin Incline by way of inner ramp entry – Important progress was delivered in Q3 with 258 metres of advance achieved, leaving lower than 370 metres of growth required for completion. Upon completion scheduled for Q1 2026, this mission is anticipated to ship main operational effectivity enhancements because the Predominant Mine will now additionally change into accessible by the extremely productive twin incline, and all mining fronts will probably be related by way of an inner ramp, permitting for one-way visitors stream.
  • Floor Tele-Distant Loader System – Accomplished in Q3, leveraging the underground fiber optic spine (Wi-Fi), to allow the operation of underground loaders from floor. This method maximizes the out there working time over a 24-hour interval by enabling tele-remote loading operations throughout shift change and re-entry. In late-Q3, the underground fleet was additionally absolutely built-in with onboard Wi-Fi functionality to allow real-time data-collection for brief interval management planning, productiveness monitoring, and fleet diagnostics to additional drive operational enhancements.
  • Main Energy Station – Part 1, 8.8 MW of technology capability was put in and commissioned in Q3. Part 2 has considerably progressed with meant growth to fifteen.2 MW. Lengthy-lead orders have been positioned and completion is deliberate for H1 2026. This can present standby energy throughout any surprising outages from the native grid (hydroelectricity).
• Two new mining fronts have additionally been considerably developed, together with 5 new sublevels within the Twin Incline mining entrance, and two new sublevels within the Decrease Kora mining entrance, which is able to facilitate the ramp-up in long-hole stoping over the approaching quarters for the Stage 3 Enlargement.

Word (1): Gold equal manufacturing for Q3 2025 is calculated based mostly on: gold $3,507 per ounce; silver $38.71 per ounce; and copper $4.49 per pound. Gold equal grade for Q3 incorporates realized recoveries of 95.0% for Au, 94.6% for Cu and 81.3% for Ag.

John Lewins, K92 Chief Govt Officer and Director, said, “The third quarter marked one other robust interval of progress for K92 each by way of manufacturing and continued execution of the Stage 3 Enlargement. With the commissioning of the brand new 1.2 million tonnes-per-annum Stage 3 Enlargement Course of Plant nearing completion, this marks an thrilling interval within the Firm’s historical past as K92 transitions right into a Tier-1, mid-tier producer. Notably, ore has already been launched into the crushing, grinding, and flotation circuits of the brand new course of plant, conserving us firmly on monitor for sensible completion of commissioning and the primary gold pour and focus manufacturing within the first half of This autumn 2025. Importantly, the workforce has constructed the method plant under-budget, representing a big achievement.

We’re additionally very happy with the numerous development we have now made throughout a mess of tasks, de-risking the supply of the Stage 3 Enlargement and positioning the underground mine for Stage 4 and past. The current string of day by day data in complete tonnes to floor moved (ore + waste) demonstrates that productiveness and effectivity tasks at the moment are having a tangible affect on mine efficiency. Moreover, crucial contracts have been awarded, and building works superior, for all main pastefill infrastructure, with commissioning focused to start mid-Q1 2026. With 90% of Stage 3 development capital already spent or dedicated, the growth stays absolutely funded and on funds.

Having already delivered 80% of the decrease finish of our annual steerage inside the first three quarters plus a commissioning stockpile of 4,893 oz AuEq on the finish of Q3, we’re well-positioned to realize our 2025 manufacturing steerage.”

See Determine 1: Quarterly Manufacturing, Money Price and AISC Chart
See Determine 2: Gold and Copper Recoveries Chart

Desk 1 – 2025 & 2024 Annual Manufacturing Knowledge

Certified Particular person

K92 Mine Chief Geologist, Andrew Kohler, PGeo, a professional particular person underneath the that means of Canadian Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks , has reviewed and is chargeable for the technical content material of this information launch. Knowledge verification by Mr. Kohler consists of important time onsite reviewing drill core, face sampling, underground workings, and discussing work packages and outcomes with geology and mining personnel.

Technical Report

The Up to date DFS and mineral useful resource estimate for the Kainantu Gold Mine Undertaking in Papua New Guinea is offered in a technical report, titled, “Unbiased Technical Report, Kainantu Gold Mine, Up to date Definitive Feasibility Research, Kainantu Undertaking, Papua New Guinea” dated March 21, 2025, with an efficient date of January 1, 2024.

About K92

K92 Mining Inc. is engaged within the manufacturing of gold, copper and silver on the Kainantu Gold Mine within the Japanese Highlands province of Papua New Guinea, in addition to exploration and growth of mineral deposits within the speedy neighborhood of the mine. The Firm declared industrial manufacturing from Kainantu in February 2018, is in a robust monetary place, and is working to change into a Tier 1 mid-tier producer via ongoing plant expansions. A maiden useful resource estimate on the Blue Lake copper-gold porphyry mission was accomplished in August 2022. K92 is operated by a workforce of mining firm professionals with intensive worldwide mine-building and operational expertise.

On Behalf of the Firm,

John Lewins, Chief Govt Officer and Director

For additional data, please contact David Medilek, P.Eng., CFA, President and Chief Working Officer at +1-604-416-4445

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This information launch consists of sure “forward-looking statements” underneath relevant Canadian securities laws. Such forward-looking statements embrace, with out limitation: (i) the outcomes of the Kainantu Mine Definitive Feasibility Research, together with the Stage 3 Enlargement, a brand new standalone 1.2 million tonnes-per-annum course of plant and supporting infrastructure; (ii) statements concerning the growth of the mine and growth of any of the deposits; (iii) the Kainantu Stage 4 Enlargement, working two standalone course of vegetation, bigger floor infrastructure and mining throughputs; and (iv) the potential prolonged lifetime of the Kainantu Mine.

All statements on this information launch that tackle occasions or developments that we count on to happen sooner or later are forward-looking statements. Ahead-looking statements are statements that aren’t historic info and are typically, though not at all times, recognized by phrases comparable to “count on”, “plan”, “anticipate”, “mission”, “goal”, “potential”, “schedule”, “forecast”, “funds”, “estimate”, “intend” or “consider” and related expressions or their damaging connotations, or that occasions or situations “will”, “would”, “might”, “may”, “ought to” or “may” happen. All such forward-looking statements are based mostly on the opinions and estimates of administration as of the date such statements are made. Ahead-looking statements are essentially based mostly on estimates and assumptions which are inherently topic to identified and unknown dangers, uncertainties and different components, a lot of that are past our capacity to regulate, which will trigger our precise outcomes, stage of exercise, efficiency or achievements to be materially totally different from these expressed or implied by such forward-looking data. Such components embrace, with out limitation, Public Well being Crises, together with the epidemic or pandemic viruses; modifications within the value of gold, silver, copper and different metals on the planet markets; fluctuations within the value and availability of infrastructure and power and different commodities; fluctuations in international foreign money trade charges; volatility in value of our widespread shares; inherent dangers related to the mining business, together with issues associated to climate and local weather in distant areas during which sure of the Firm’s operations are situated; failure to realize manufacturing, value and different estimates; dangers and uncertainties related to exploration and growth; uncertainties regarding estimates of mineral assets together with uncertainty that mineral assets might by no means be transformed into mineral reserves; the Firm’s capacity to hold on present and future operations, together with growth and exploration actions on the Arakompa, Kora, Judd and different tasks; the timing, extent, period and financial viability of such operations, together with any mineral assets or reserves recognized thereby; the accuracy and reliability of estimates, projections, forecasts, research and assessments; the Firm’s capacity to satisfy or obtain estimates, projections and forecasts; the provision and price of inputs; the provision and prices of reaching the Stage 3 Enlargement or the Stage 4 Enlargement; the power of the Firm to realize the inputs the worth and marketplace for outputs, together with gold, silver and copper; failures of data programs or data safety threats; political, financial and different dangers related to the Firm’s international operations; geopolitical occasions and different uncertainties, such because the conflicts in Ukraine, Israel and Palestine; compliance with varied legal guidelines and regulatory necessities to which the Firm is topic to, together with taxation; the power to acquire well timed financing on affordable phrases when required; the present and future social, financial and political situations, together with relationship with the communities in Papua New Guinea and different jurisdictions it operates; different assumptions and components typically related to the mining business; and the dangers, uncertainties and different components referred to within the Firm’s Annual Info Type underneath the heading “Threat Components”.

Estimates of mineral assets are additionally forward-looking statements as a result of they represent projections, based mostly on sure estimates and assumptions, concerning the quantity of minerals that could be encountered sooner or later and/or the anticipated economics of manufacturing. The estimation of mineral assets and mineral reserves is inherently unsure and includes subjective judgments about many related components. Mineral assets that aren’t mineral reserves do not need demonstrated financial viability. The accuracy of any such estimates is a perform of the amount and high quality of accessible knowledge, and of the assumptions made and judgments utilized in engineering and geological interpretation, Ahead-looking statements will not be a assure of future efficiency, and precise outcomes and future occasions may materially differ from these anticipated in such statements. Though we have now tried to establish necessary components that would trigger precise outcomes to vary materially from these contained within the forward-looking statements, there could also be different components that trigger precise outcomes to vary materially from these which are anticipated, estimated, or meant. There will be no assurance that such statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as required by legislation.

Determine 1: Quarterly Manufacturing, Co-Product Money Price and Co-Product AISC Chart

Determine 2: Gold and Copper Recoveries Chart

Photographs accompanying this announcement can be found at

https://www.globenewswire.com/NewsRoom/AttachmentNg/72bbafe4-1519-4e66-8f75-77d06748b04f

https://www.globenewswire.com/NewsRoom/AttachmentNg/1ce69a80-051d-4ed1-b931-2ceaced93d64