Company
Kainantu Resources Ltd
CVE:KRL
KRL is an Asia-Pacific focused gold mining company with four highly prospective gold-copper projects, Kili Teke, KRL South, KRL North and the May River Project. All projects are located in premier mining regions in PNG. Both KRL North and KRL South show potential to host high-grade epithermal and porphyry mineralisation, as seen elsewhere in the high-grade Kainantu Gold District. The May River project is near the world-renowned Frieda River Copper-Gold Project, with historical drilling indicating the potential for significant copper-gold projects. Kili Teke is an advanced development project with an existing inferred mineral resource. KRL has a highly experienced board and management team with a proven track record of working together in the region; and an established in-country partner.
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Kainantu Resources unveils non-brokered private placement for aggregate gross proceeds of up to C$2.5M
The company said the net proceeds from the offering are intended to be used, but are not limited to, the completion of the acquisition of the Kili Teke Project
Kainantu Resources identifies three high-priority exploration targets at Ontenu area of KRL South project
Historic fieldwork in the area along with an airborne geophysical survey by the company in the first half of 2022 have shown it to host several highly prospective copper-gold targets
Kainantu Resources says transformative acquisition of Kili Teke copper-gold project in PNG is on track
The company and Harmony Gold Exploration are working through the conditions for closing, including the completion of an NI 43-101 technical report and obtaining local regulatory licencing approvals in PNG
Kainantu Resources reports narrowing net loss in 1H 2022 results
In the six months ended June 30, the company posted a net loss of $520,000, nearly half the $940,000 loss it posted in the first half of 2021
Kainantu Resources announces encouraging results from huge airborne survey at its PNG projects
The survey spanned three blocks over 186 square kilometres and included all prospective areas of KRL North and key areas of interest at the Tirokave area of KRL South, including the East Avaninofi and Yaoro Ridge prospects
Kainantu Resources reports making "significant steps" toward delineating drill targets at its Papua New Guinea gold projects in 1Q
The company's CEO Matthew Salthouse said the company was making significant steps towards the delineation of drill targets in Kainantu in line with its stated strategy
Kainantu Resources names mining veteran Nick Franey as chief geologist; company to release 1Q financial statements by May 30, 2022
"Nick Franey will bring extensive experience and a track record of success in identifying and developing exploration projects in Asia-Pacific,” KRL CEO Matthew Salthouse said
Kainantu Resources sees 4Q 2021 results show prudent management of balance sheet and capital resources
"The company has successfully executed initiatives over the last 12 months to build a portfolio of projects, all with material value accretive potential,” said the company's CEO Matthew Salthouse
Kainantu Resources announces acquisition of Kili Teke gold-copper project in PNG from Harmony Gold
"The project lies on the highly prospective Papuan Fold Belt which hosts world class projects, such as Ok Tedi, Frieda River and Porgera," noted Matthew Salthouse, CEO of KRL
Kainantu Resources notes successful airborne geophysical survey at KRL North and KRL South projects in PNG
The final results are pending but preliminary findings from the survey, carried out in co-ordination with other successful mining operators in the Kainantu region, were positive, the explorer said
Kainantu Resources closes oversubscribed C$2.77M offering to advance Papua New Guinea gold projects
CEO Matthew Salthouse told investors that, with the proceeds of the financing, the company will continue to drive exploration activities at KRL North and KRL South; where it is on track to delineate drilling targets at the East Avanionfi an
Kainantu Resources announces further increase to its previously announced private placement financing due to oversubscriptions
The company now intends to issue up to a total of 15,387,482 units at a price of C$0.18 per unit for aggregate gross proceeds of up to C$2.77 million under the full offering
Kainantu Resources increases its previously announced private placement financing to raise C$2.7 million due to oversubscriptions
The offering was originally announced on December 1, 2021, to raise gross proceeds of up to C$1.5 million and was subsequently upsized to raise gross proceeds of up to C$2 million as announced on January 4, 2022
Kainantu Resources closes first tranche for C$1.67M in upsized placing
As reported on January 4 this year, the company had upsized the financing, due to oversubscriptions, to raise C$2 million compared to C$1.5 million previously
Kainantu Resources upsizes previously announced placing to C$2M
"The net proceeds from the offering are intended to be used, but are not limited to, exploration programs at KRL North and KRL South leading to delineation of drilling targets, sampling and technical reports for the May River Project, and g
Kainantu Resources launches non-brokered private placement to raise up to C$1.5 million
Matthew Salthouse, Kainantu Resources CEO commented: "After a successful first year of listing, KRL is venturing into 2022 with several significant catalysts to pursue at KRL North, KRL South and the May River Project"
Kainantu Resources developing two projects in a high-grade gold district on Papua New Guinea
Both of the company’s projects show potential to host high-grade epithermal and porphyry mineralization, as seen elsewhere in the Kainantu district
Kainantu Resources making continued progress at Papua New Guinea as it posts third-quarter update
As the firm is moving to a calendar cycle, the interim results were stated for the ten months to September, which showed exploration and evaluation expenses coming in at US$1.16 million
Kainantu Resources poised for airborne survey at its KRL South project as exploration ramps up
The Kainantu gold district - focused firm provided an update on exploration at the KRL South project carried out in the second and third quarters this year, where it has been focusing on the East Avaninofi and Yaoro Ridge prospects.
Kainantu Resources says it is progressing towards acquisition of May River project in Papua New Guinea
The previously announced acquisition saw the gold miner enter into two separate definitive purchase agreements with ASX-listed Niuminco and Hardrock, a private company
Kainantu Resources files second interim results showing sound closing cash position
Matthew Salthouse, CEO of Kainantu Resources commented: “KRL is pleased to report further progress during the period and has delivered against the early stage milestones set on listing in December 2021"
Kainantu Resources set to acquire May River project in Papua New Guinea’s copper and gold district
The gold miner entered into two separate definitive purchase agreements with ASX-listed Niuminco and Hardrock, a private company
Kainantu Resources achieves dual-listed status with its Frankfurt Stock Exchange debut
The company is trading under the ticker symbol 6J0
Kainantu Resources discovers high-grade gold samples at its KRL South project in Papua New Guinea
The company also said its exploration campaign at KRL South has identified three distinct gold prospects with epithermal, skarn and porphyry-style mineralisation
Kainantu Resources closes 1Q with US$2.8 million in cash as it advances projects in Kainantu gold district of Papua New Guinea
While the Canadian miner continues to focus on targeted exploration at its highly prospective Kainantu projects, the company also is assessing options for strategic collaboration in the region
Kainantu Resources making steady progress at KRL North project as it strikes access agreement with local landowners
The Canadian junior is in the midst of a stream sediment and soil sampling program to pinpoint more potential porphyry-related alteration and mineralization targets within the project area
Kainantu Resources says exploration at KRL South target is yielding encouraging results
The company believes the Papua New Guinea-based project could host multiple epithermal, skarn and porphyry systems
Kainantu Resources confirms consolidation of its tenements at core projects in Kainantu region of Papua New Guinea
Kainantu has successfully transferred EL 2558 and EL 2559 into its own name and direct control
Kainantu Resources will use blue-chip exploration ground in Papua New Guinea as a cornerstone to create a regional gold play
Kainantu has a highly prospective gold project in Papua New Guinea and the regional expertise to make a success of it