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    KIN   AU000000KIN8

KIN MINING NL

(KIN)
Delayed Australian Stock Exchange  -  11:45 2022-12-08 pm EST
0.0750 AUD    0.00%
12/01Kin Mining Hits Gold Mineralization at Western Australia's Murrin Project; Shares Rise 3%
MT
12/01Kin Mining NL Provide an Update on Exploration Activities At Its 100%-Owned 1.41Moz Cardinia Gold Project, Located Near Leonora in Western Australia
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11/22Kin Mining lifts strategic stake in Dacian Gold to 7.34%
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KIN MINING - STRONG RESULTS FROM METALLURGICAL TESTWORK ON CARDINIA'S SULPHIDE ORES

06/02/2022 | 09:14am EST

Kin Mining NL (ASX: KIN or 'the Company') is pleased to report positive metallurgical testwork results from sulphide ores from the Cardinia Hill, Helens and Lewis deposits, all located within the Cardinia area of its 100%- owned 1.275Moz Cardinia Gold Project (CGP) located near Leonora in Western Australia.

The metallurgical testwork program was designed to confirm the most cost-effective processing route for each ore type confirmed within the large, rapidly developing Western and Eastern Corridor mineralised complex which make up the Cardinia area.

Mineralisation discovered at Cardinia extends over an area of approximately 1km by 5km on the western and eastern side of Cardinia. Cardinia contains a number of exciting development prospects, including Cardinia Hill, Helens, Bruno, Lewis, Fiona, Rangoon and East Lynne, which collectively contain in excess of 650koz of Mineral Resources. Where sulphide ore has been drilled below the oxidation depth, common features of all the mineralised locations have been noted in geological logging and multi-element assays. These features include strong associations between gold mineralisation and pyrite, moderate levels of silver mineralisation and anomalous copper, lead, molybdenum, tellurium and zinc. These pathfinder minerals are also expected to report to flotation concentrates as they are associated with the sulphide style of mineralisation dominant at Cardinia.

Kin Mining Managing Director, Andrew Munckton, said: 'The metallurgical testwork program undertaken on sulphide ore from key Cardinia deposits has delivered some very positive and important outcomes for the Cardinia Gold Project. Importantly, the testwork has confirmed that strong gold recoveries can be achieved with flotation, re-grinding and leaching of the sulphide ores. The improvement in recovery over the conventional grind, gravity and leach process is substantial, increasing recoveries by 6.3% at Cardinia Hill, 10.9% at Helens and up to 12.6% at Lewis. These results indicate that sulphide ores from Cardinia, if treated using the flotation and re-grind process, are likely to result in significantly improved gold production and financial returns. 'As our exploration programs advance, particularly across the Eastern Corridor, we are continuing to discover significant extensions of this large mineralised system - particularly deeper, higher grade sulphide ores.

The process selected to treat these sulphide ores and the resulting metallurgical performance will therefore be increasingly important. 'Oxide ores that lie near surface and above the sulphide ores show uniform high rates of metallurgical recovery ranging from 90.5% to 95.5% using the conventional grind, gravity and leach process. 'With the release of recent drilling results from Rangoon, Cardinia Hill and Helens East where sulphide intersections at depth were significantly higher in grade, coupled with these strong metallurgical recovery results from Cardinia Hill and Helens - the Eastern Corridor is firming as a significant centre for development at the CGP.

The Eastern Corridor is proving to be highly mineralised with numerous deposits and mineralised positions already identified. We see significant potential to discover new high-grade lodes, delineate new resources and grow our overall inventory across this corridor. Strong metallurgical performance from these deposits gives confidence that the Eastern Corridor and the Cardinia area more generally will continue to be a big focus for us moving forward.

Contact:

Andrew Munckton

Tel: +61 8 9242 2227

ABOUT KIN MINING NL

Kin Mining NL (ASX: KIN) is a West Australian based gold development and exploration company. Kin's key focus is its 100% owned Cardinia Gold Project (CGP) located in the highly prospective North-Eastern Goldfields region of Western Australia. The CGP has a 1.23Moz gold Mineral Resource defined in both oxide and deeper primary mineralisation with considerable potential to grow this resource with further drilling. Kin's exploration effort is the systematic program of exploration across the Cardinia Mining Centre that seeks to advance a number of targets in parallel while developing a pipeline of exploration targets for ongoing Mineral Resource expansion.

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about KIN MINING NL
12/01Kin Mining Hits Gold Mineralization at Western Australia's Murrin Project; Shares Rise ..
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Financials
Sales 2022 - - -
Net income 2022 -11,3 M -7,72 M -7,72 M
Net cash 2022 3,65 M 2,48 M 2,48 M
P/E ratio 2022 -4,97x
Yield 2022 -
Capitalization 78,6 M 53,2 M 53,5 M
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees -
Free-Float 47,7%
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Managers and Directors
Andrew T. Munckton Chief Executive Officer, Director & MD
Stephen Jones Chief Financial Officer & Secretary
Giuseppe Paolo Graziano Non-Executive Chairman
Hansj÷rg Plaggemars Non-Executive Director
Nicholas Anderson Non-Executive Director
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