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) delivered under budget, with first saleable production in October 2025 and full commissioning by December 2025.

• Stage 4 expansion aims for 1.8 mtpa capacity, with major infrastructure upgrades including power, ventilation, haul roads, and pastefill system.

• Fully funded for growth, with strong cash balance, significant available liquidity, and robust operational cash flow.

• Record exploration budget of $31–35 million in 2026, potentially increasing to $40 million post-Stage 3.

Operational performance and cost leadership

• Among the highest-grade, lowest-cost gold mines globally, with 2026 AISC guidance of $1,250–1,350/oz Au and cash costs of $710–770/oz Au.

• Consistent operational performance, with Q2 2026 production of 46,093 oz AuEq and major sustaining capex focused on upcoming expansions.

• Process plant recoveries consistently exceed DFS parameters, with gold recoveries above 94% for nine consecutive quarters.

• Major underground infrastructure upgrades (twin incline, ore pass, ventilation, ramp system) completed or advancing, transforming productivity and mine flexibility.

• Significant underground mobile fleet expansion underway to support higher mining rates.

Resource growth and exploration pipeline

• Kora and Judd deposits have seen +776% resource growth since 2017, with current consolidated resources of 8.1 Moz AuEq M&I and 3.0 Moz AuEq inferred.

• Blue Lake porphyry project declared a 14.6 Moz AuEq maiden inferred resource in 2022, with grade tenor increasing at depth.

• Arakompa and Maniape are high-priority near-mine targets, with Arakompa targeting a maiden resource in 2H 2026 and demonstrating large-scale, high-grade mineralization.

• Wera greenfields discovery has outlined a 3.5 km x 3.5 km vein system, with high-grade rock chip samples and drilling underway.

• Airborne geophysics has identified multiple new vein and porphyry targets across the 830 km² land package.