Kingsgate Consolidated (KCN) Investor Presentation summary

Capital structure and financial position

• Market capitalization stands at approximately US $510 million, with a share price of A$3.04 and 256.6 million shares on issue as of September 2025.

• Total cash, bullion, and doré amount to around US $72 million, while borrowings are about US $34 million.

• Cash and bullion increased by more than 258% during FY25, reaching US $55 million by year-end.

• Approximately US $12 million in debt was repaid in FY25, strengthening the balance sheet.

• The company remains unhedged, benefiting from exposure to record gold and silver prices.

Operational performance and production

• Chatree Gold Mine ramped up operations in late 2024, producing 74,661 ounces of gold and 625,698 ounces of silver in FY25.

• Achieved two consecutive quarters of gold production exceeding 20,000 ounces, with a record AISC margin of US $1,240 per ounce in 4QFY25.

• FY26 guidance targets 85,000–95,000 ounces of gold at an AISC (pre-royalties) of US $1,550–1,750/oz, with gold equivalent production of 93,000–103,000 AuEq ounces.

• Processing plants are operating at an annualized rate of 5.7 Mtpa, 14% above nameplate capacity.

• New Caterpillar mining fleet delivered in September 2024, supporting operational efficiency.

Exploration and growth initiatives

• Over 1,200km² of exploration potential across 17 active tenements within 20km of Chatree.

• FY25 exploration focused on the South-East Complex, with over 30km of RC and 4km of diamond drilling completed.

• Notable drill results include 8m @ 20.02g/t Au and 15m @ 5.14g/t Au, indicating strong mineralization.

• Updated Resource and Reserve Estimate for Chatree, including the South-East Complex, planned for release before the end of 2025.

• Nueva Esperanza project in Chile is advancing, with ongoing resource updates and evaluation of strategic options such as joint venture, sale, or separate listing.