Kainantu Resources Ltd.

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 mineralization, 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 recently executed an agreement to acquire the Kili Teke project in the western highlands of PNG.

Expert Comments:

read more >
Technical Analyst Clive Maund explains why this junior gold explorer in Papua New Guinea that is gearing up to go far is a Buy in his book.
read more >

Clive Maund,

"With the sector now deeply oversold, we see that Kainantu Resources Ltd. stock has been under persistent strong accumulation for several weeks, and it looks to be very close to breaking out of a fine head and shoulders bottom that has been accompanied by an exceptionally positive volume pattern. . .the company is therefore rated an immediate Strong Speculative Buy."

This morning Newsletter Writer Bob Moriarty, after not writing about a mining a junior mining stock since early June, published an opinion piece on KRL Resources — and and came out with a buy recommendation on the junior.
read more >

Clive Maund,

"It is considered to be in order to buy Kainantu Resources Ltd. stock back, although it will probably be best to buy some here and then wait to see what happens before buying back all that was sold, either buying again at a lower price or once it is clearer that it is set to advance again. . .the news about the company's acquisition was very positive, so the long term outlook for KRL remains bright."

Clive Maund,

"Kainantu Resources Ltd. is to acquire the Kili Teke advanced stage copper-gold project from Harmony Gold, which is a sizeable resource. . .near term, this could be a 'sell on the news' event as the stock is approaching a short-term target. . .it is considered best to take profits and await developments."

Clive Maund,

"Kainantu Resources Ltd. continues to shape up nicely as it gets closer and closer to making serious gains. We should keep in mind that this is a stock with the potential to 'do a K92,' which is hardly surprising as its properties are adjacent to K92's big discovery and Kainantu has a robust treasury, having recently completed an oversubscribed financing, and is working on a drilling program. . .so we stay long and new purchases are in order."

Experts Following This Company

Gurgen Benashvili – German Mining Networks
Clive Maund –
Patrick Smith – Jemini Capital

Company News 

11/29/2022 – Kainantu Resources Filing of Q3 2022 Results



9/8/2022 – Kainantu Resources Provides Update on Kili Teke Copper-Gold Project Acquisition

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
Experienced management team with a long track record of successfully working together
High quality exploration asset portfolio in close proximity to significant and proven Copper/ Gold deposits
Heavily oversubscribed recent capital raising means the company is fully funded for significant exploration and drilling activities throughout 2022 as the company looks to define maiden resources at a number of its projects
catalyst Calendar
Kainantu Resources Ltd. Content