K92 Mining (KNT) Investor presentation summary

Growth strategy 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) commissioned under budget in October 2025, with first saleable production and full commissioning completed by December 2025.

• 2026 production guidance is 190,000–225,000 oz AuEq at AISC of $1,250–$1,350/oz Au, with exploration budget of $31–35 million, potentially increasing to $40 million.

• Major infrastructure upgrades include twin incline, ore pass system, ventilation, and power plant expansions to support higher throughput and operational efficiency.

• Fully funded for growth, with $287 million cash, $45 million debt, and up to $60 million additional liquidity as of March 31, 2026.

Resource growth and exploration

• Large, high-grade resource base with 8.1 Moz AuEq measured & indicated and 16.5 Moz AuEq inferred across Kora, Judd, and Blue Lake deposits.

• Systematic exploration has driven a 776% resource growth since 2017, with discovery costs under $7.5/oz AuEq.

• 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, including Arakompa, Maniape, and Wera, with maiden resource at Arakompa targeted for H1 2026.

• Airborne geophysics has identified extensive untested strike potential and new vein/porphyry targets across the 830 km² land package.

Operational performance and cost profile

• 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 $1,250–$1,350/oz Au.

• Consistent operational performance with strong recoveries (gold and copper >94%) and record quarterly production in Q1 2026.

• Major underground fleet upgrades and expansion underway to support increased mining rates and efficiency.

• Three mining fronts operational by Q3 2026, improving flexibility and throughput.

• Pastefill plant commissioning in Q4 2026 will enable further mining flexibility and reduce surface tailings footprint.