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.

• 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 will further increase capacity to 1.8 mtpa, leveraging low-cost upgrades and existing infrastructure.

• Strong balance sheet with $349m cash and $40m debt as of June 2026, plus up to $60m additional liquidity.

• Record operational cash flow supported by high gold prices and production, with downside protection via gold price insurance.

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.

• Consistently strong plant recoveries, with nine consecutive quarters exceeding DFS gold recovery parameters.

• Major infrastructure upgrades completed, including a high-speed twin incline, ore pass system, and expanded underground fleet.

• Mining flexibility and productivity enhanced by connecting all mining fronts via internal ramp and new ventilation systems.

• Throughput and ore processed have increased over 700% since 2019, with record quarterly ore processed in Q2 2026.

Resource growth and exploration pipeline

• Kora and Judd deposits have seen +579% M&I and +1,114% inferred resource growth since 2017.

• Consolidated proven and probable reserves of 6.18 Mt at 6.7 g/t AuEq (1.32 Moz AuEq), with significant inferred resources.

• Blue Lake porphyry project hosts a 14.6 Moz AuEq maiden inferred resource, open at depth.

• Aggressive exploration budget of $31–35m in 2026, with potential to increase to $40m post-Stage 3.

• Multiple high-priority near-mine and regional targets, including Arakompa, Maniape, and Wera, with maiden resource at Arakompa targeted for 2H 2026.