Kainantu area miner K92 has recommenced mining operations and drilling after operations were affected by vandal attacks.

In addition to the restart, the company has also announced that it has reached and signed an agreement with the local landowner group that addresses the underlying issues, now allowing the company to focus on building up production from underground operations alongside of expansion and exploration.

As previously advised, extensive evaluation of the underground mine revealed that only minor damage to infrastructure and mobile plant occurred and repairs have been largely completed. As a result, mining operations will recommence almost immediately, with first ore trucking expected next week and pre-incident levels expected to be achieved by the end of October.

One of two diamond drill rigs have been set up in the new Kora drill set up (cuddy) located approximately 50 metres from the previously intersected Kora lode and drilling has commenced. The Company has completed the first 150 metres of development of the Kora exploration cross cut and footwall drive designed to allow more efficient and effective diamond drilling of the projected Kora Vein system. A second cuddy should be completed by the end of October, allowing a second rig to commence drilling the Kora lode approximately 100 metres along strike.

Based on the recent high-grade discovery of the Kora extension, the design of the Kora exploration drive was enhanced to incorporate the development of a footwall drive approximately 50 metres from the projected strike of the Kora vein system. This modification allows the development of drill cuddies approximately 100 metres closer to the interpreted position of the Kora vein system than previously planned, based on the results from diamond drill hole KMDD0009, which recorded an intersection of 5.4 metres at 11.68 g/t gold, 25.5 g/t silver and 1.33 per cent copper from 154 metres downhole, interpreted to be the discovery of an extension of the Kora deposit.