TSXV: KRL
Last: 0.04
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Vol: 5,000
Kainantu Resources 'KRL' is an Asia-Pacific focused gold mining company with three highly prospective gold/copper projects, 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 in close proximity to the world-renowned Frieda River Copper-Gold Project, with historical drilling indicating the potential for significant copper-gold projects. 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. KRL entered a definitive agreement to acquire the Kili Teke Copper Gold Project in April 2022.
The two projects are located in the Kainantu region of PNG, home to high-grade producing gold mines, and show potential to host the high-grade epithermal and porphyry mineralization as seen elsewhere in the district.