KRL:TSX.V; 6J0:FSE

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:

Clive Maund, CliveMaund.com

(7/10/22)
"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."

Clive Maund, CliveMaund.com

(4/8/22)
"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, CliveMaund.com

(4/6/22)
"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."

More Expert Comments

Experts Following This Company

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

Company News 

3/3/2023 – KAINANTU RESOURCES DISCOVERS 1.55 G/T GOLD, 0.39% COPPER, 20.8 G/T SILVER AT KRL SOUTH - CONFIRMS HIGH GRADE RESULTS AT ONTENU PROSPECT

2/15/2023 – KAINANTU RESOURCES PROVIDES UPDATE ON MAY RIVER PROJECT

1/24/2023 – KAINANTU RESOURCES CLOSES C$2.5M OVERSUBSCRIBED FINAL TRANCHE FINANCING TO ADVANCE KILI TEKE, KAINANTU NORTH AND SOUTH PROJECTS IN PAPUA NEW GUINEA

1/12/2023 – Kainantu Resources Announces Filing of the Kili Teke Project Technical Report

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.

Streetwise Company Fact Sheet

Kainantu Resources Ltd.

(KRL:TSX.V - 6J0:FSE)

2023/3/26 12:17:24

Analyst coverage

Jemini CapitalPatrick Smith

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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
Q1
2023
Corporate Actions – May River 100% Acquisition Completion
Q1
2023
sample results from exploration campaign at May River Project
Q1
2023
sample results from exploration campaign at Ontenu Project
Q1
2023
Update on exploration in Tirokave and regional programe
Q1
2023
Update on exploration in KRL North
Q2
2023
Completion of 100% acquisition of Kili Teke Copper-Gold Project
Kainantu Resources Ltd. Content