Kantra Copper (KAN) Investor presentation summary

Corporate overview and financials

• Listed on the ASX with a market capitalization of $123M and an enterprise value of $102M as of March 2026.

• Cash balance of $21M and no debt, with significant income tax losses and franking credits.

• Major institutional shareholders include Freepoint (14.4%) and Ariadne (7.1%).

• Share price closed at $0.036 on 24 March 2026.

Operational performance and growth

• Produced 11,315 tonnes of copper in 2025 at an AISC of A$6.19/lb; 2026 guidance is 12,750–14,000 tonnes at A$5.75–6.25/lb.

• Operating at 1.5Mtpa, targeting 1.7–1.8Mtpa by June 2026, with a 3.6Mtpa plant capacity.

• Fully permitted operation with dual mining fronts at Nugent and Kavanagh, and strong local workforce.

• Costs expected to ease in H2 2026 as higher mining rates reduce unit costs.

Resource and reserve base

• 2025 Mineral Resource: 22Mt containing 160kt Cu and 120koz Au; Ore Reserve: 4.0Mt containing 34kt Cu and 29koz Au.

• Mineralisation remains open at depth, with brownfield upside and ongoing exploration.

• Resource and reserve estimates comply with JORC 2012 standards.