KGL Resources (KGL) Investor Presentation summary

Project highlights and development status

• Jervois Copper Project is fully permitted, targeting first production in 2027 and steady state in 2028, with a 10-year mine life and significant exploration upside.

• Feasibility Study Update confirms attractive economics: post-tax NPV (8%) of $405M, IRR of 24%, and payback in 3.4 years at US$4.58/lb copper price.

• Average annual copper production is projected at 30kt, with additional gold and silver credits, and low C1 cash costs of $1.95/lb.

• Project financing is well advanced, with multiple non-binding indicative offers received and a strong management team in place.

• Construction is scheduled to commence in 2026, subject to Final Investment Decision (FID) and funding, with offtake discussions ongoing.

Resource and reserve details

• Total mineral resource stands at 28.95Mt @ 1.76% Cu, 24.8g/t Ag, and 0.23g/t Au, containing 509.8kt copper, 23.13Moz silver, and 213.1koz gold.

• Ore reserve totals 14.38Mt @ 2.08% Cu, 1.77g/t Au, and 0.26g/t Ag, supporting a robust production profile.

• Mining plan includes two open pits (Reward, Bellbird) and four underground areas, with open cut operations in the first four years.

• Metallurgy is straightforward, with 92% copper recovery and a simple process plant design at 2Mtpa capacity.

• Exploration targets remain open laterally and at depth, with ongoing drilling and geophysical work to expand resources.

Financials and corporate structure

• Market capitalisation is A$121m, with A$5.4m cash as of 30 June 2025 and 692.3m shares outstanding.

• Major shareholders include KMP Investments (37%), RCF (8.3%), and Marshall Plenty Funds (7%).

• Shareholder base is geographically diverse, with significant holdings in Asia (42%), Australia (30.5%), and North America (10.7%).

• Strong leadership team with extensive mining, project delivery, and financial experience.