K92 Mining (KNT) Investor presentation summary

Strategic growth and production expansion

• Targeting rapid growth to 500 koz AuEq per year, with Stage 3 expansion to 300 koz AuEq and Stage 4 to over 400 koz AuEq by late 2027, both at industry-leading low costs.

• Stage 3 process plant (1.2 mtpa) delivered under budget, with first production in October 2025 and full commissioning by December 2025.

• Stage 4 expansion fully financed, with major infrastructure upgrades (ventilation, haul roads, power, pastefill) underway to support higher mining rates.

• Record operational cash flow and strong balance sheet, with $349m cash and significant available liquidity.

• 2026 production guidance of 190,000–225,000 oz AuEq at AISC of $1,250–$1,350/oz Au, with exploration budget of $31–35m.

Resource growth and exploration pipeline

• Kora and Judd deposits have seen +776% resource growth since 2017, with current consolidated measured & indicated resources of 8.1 Moz AuEq at 7.8 g/t and inferred resources of 16.5 Moz AuEq at 5.7 g/t.

• Blue Lake porphyry project hosts a 14.6 Moz AuEq inferred resource, with grade tenor increasing at depth and open for expansion.

• Multiple high-priority near-mine and regional targets (Arakompa, Maniape, Wera, A1) are being aggressively drilled, with 16 rigs planned for 2026.

• Systematic exploration has kept discovery costs below $7.5/oz AuEq, with significant resource expansion potential.

• Airborne geophysics has identified extensive untested strike length and new targets across the 830 km² land package.

Operational excellence and cost leadership

• Kainantu is among the highest-grade, lowest-cost gold mines globally, with reserve grades of 8.5–10.3 g/t Au and 2026 AISC guidance at $1,300/oz.

• Process plant consistently exceeds design throughput and recovery parameters, with gold recoveries above 94% for nine consecutive quarters.

• Major infrastructure upgrades (twin incline, ore/waste pass, ventilation, pastefill) are transforming underground productivity and enabling multi-front mining.

• Significant underground fleet expansion and haulage upgrades completed to support higher mining rates.

• Record quarterly ore processed and mined in Q2 2026, with lateral development rates now exceeding 1 km/month.