Slide 1: Investor Presentation April 2025
INVESTOR PRESENTATION • April 2025 K1 Vein, Kora Deposit Kainantu Gold Mine 2021 THAYER LINDSLEY AWARD Papua New Guinea (BEST GLOBAL DISCOVERY)
Slide 2: Forward-Looking and Cautionary Statements
Forward-Looking and Cautionary Statements TSX: KNT OTCQX: KNTNF This Presentation is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscribe for any
Slide 3: K92 Mining – A Unique Tier-1 Opportunity
K92 Mining – A Unique Tier-1 Opportunity TSX: KNT OTCQX: KNTNF Rapid near-term growth to Tier 1 Mid-Tier Producer Large, high-grade resource with significant growth towards 500 koz AuEq pa at industry leading low costs potential from multiple deposits • Stage 3 Expansion to 300 koz AuEq pa (commissi
Slide 4: Located Amongst World Class Geology and Excellent Infrastructure
Located Amongst World Class Geology and Excellent Infrastructure TSX: KNT OTCQX: KNTNF Natural Resource Friendly Jurisdiction Large ~830 km2 land package along major regional • Multiple Senior Mining Companies Operating (Barrick, Harmony, Newmont) structure hosting multiple large world-class • Vibra
Slide 5: Corporate Structure
Corporate Structure TSX: KNT OTCQX: KNTNF Key Financial Data (as at Dec 31/24) Fully Funded to Execute Growth Trajectory Symbol TSX: KNT, OTXQX: KNTNF Strong Cash Balance Fully Diluted Shares Outstanding 246.2 Cash, Cash Equivalents and Term Deposits US$141m Significant Available Liquidity From Cred
Slide 6: Delivering Sustainable Value For the Prosperity of Papua New Guinea
Delivering Sustainable Value For the Prosperity of Papua New Guinea TSX: KNT OTCQX: KNTNF At K92, we have a strong focus on the prosperity and development of PNG and our host communities through responsible mining practices. We are proud to: ▪ Currently employ +2,000 people (employees & contractors)
Slide 7: Value Creation Through Discovery – May 2017 (Kora North Discovery)
Value Creation Through Discovery – May 2017 (Kora North Discovery) TSX: KNT OTCQX: KNTNF (Long Section, Looking West) May 2017 – Total Resource: 1.7 moz at 11.6 g/t AuEq Inferred 7 Note: Inferred Resource Grade: 11.6 g/t AuEq (7.1 g/t Au, 34 g/t Ag, 2.2% Cu).
Slide 8: Value Creation Through Discovery – Oct/2021 (Kora) / Dec/2021 (Judd)
Value Creation Through Discovery – Oct/2021 (Kora) / Dec/2021 (Judd) TSX: KNT OTCQX: KNTNF (Long Section, Looking West) 2.3 moz at 9.3 g/t AuEq Measured & Indicated, 2.6 moz at 9.1 g/t AuEq Inferred 8 Note: Measured and Indicated Resource Grade: 9.3 g/t AuEq (7.7 g/t Au, 18 g/t Ag, 0.9% Cu). Inferre
Slide 9: Value Creation Through Discovery – September 2023
Value Creation Through Discovery – September 2023 TSX: KNT OTCQX: KNTNF (Long Section, Looking West) 2.6 moz at 10.0 g/t AuEq Measured & Indicated, 4.5 moz at 8.5 g/t AuEq Inferred 9 Note: Measured and Indicated Resource Grade: 10.0 g/t AuEq (7.8 g/t Au, 21 g/t Ag, 1.2% Cu). Inferred Resource Grade:
Slide 10: Systematically Executing to Become a Tier 1 Mid-Tier Producer
Systematically Executing to Become a Tier 1 Mid-Tier Producer TSX: KNT OTCQX: KNTNF Start of Commissioning Targeting Second Half Q2 2025 4Q 2020 2Q 2023 Targeting 2H 2027 Stage 4 Stage 3 1,800,000 tpa Stage 2 Stage 2A 1,200,000 tpa +400 koz AuEq pa 400,000 tpa 500,000 tpa 300 koz AuEq pa Via Low Cap
Slide 11: Operational Performance – Since Commercial Production
Operational Performance – Since Commercial Production TSX: KNT OTCQX: KNTNF AuEq Production (koz), Cash Cost ($/oz Au) and AISC ($/oz Au) Significant Portion of Sustaining Capex is for Upcoming Expansions Stage 2 Expansion Operational Plant Commissioned Impact Due to Temporary Suspension of Undergro
Slide 12: Kainantu Mine Execution
1Q19 27kt 2Q19 38kt 3Q19 32kt 4Q19 30kt 1Q20 47kt 2Q20 49kt 3Q20 65kt 4Q20 69kt 1Q21 73kt 2Q21 76kt 3Q21 88kt 4Q21 100kt 1Q22 100kt 2Q22 109kt 3Q22 118kt 4Q22 122kt 1Q23 118kt 2Q23 112kt 3Q23 121kt Total Ore Processed (kt) 4Q23 152kt 1Q24 131kt Note: Q4 head grade of 18.0 g/t AuEq or 17.3 g/t Au, 0.
Slide 13: Development Ramp-Up Key Enablers
Development Ramp-Up Key Enablers TSX: KNT OTCQX: KNTNF Multiple Key Enablers To Increase Lateral Development: Power Upgrade 3.0x Interim Water Management Upgrade (Completed at End of January) - Both Stage 1 and Stage 2 Complete 1.8x Significant increase in number of available headings - Multi Headin
Slide 14: Strong Process Plant Performance
Strong Process Plant Performance TSX: KNT OTCQX: KNTNF Throughput Recoveries Gold Copper 96.4% 95.3% 94.6% 95.3% 95.1% 93.7% 94.7% 94.2% 94.1% 92.6% 91.9% 90.7% 1Q24 DFS 2Q24 3Q24 4Q24 2024 Average 1Q24 DFS 2Q24 3Q24 4Q24 2024 Average Parameter Parameter Plant throughput deliberately reduced to maxi
Slide 15: Near-Term Mine Transformation: Major Infrastructure Upgrades
Near-Term Mine Transformation: Major Infrastructure Upgrades TSX: KNT OTCQX: KNTNF Kora-Irumafimpa Planned Twin Incline and Development Long Section (Looking West) 1 Twin Incline Scope: High Speed 2.9km twin incline, capable of +5 mtpa with conveyors Status: Effectively Complete Impact: Transforms m
Slide 16: Rapid Ore Transport - Twin Incline Effectively Complete
Rapid Ore Transport - Twin Incline Effectively Complete TSX: KNT OTCQX: KNTNF Existing Incline to Main Mine New Twin Incline (#2) Under Development Transported 1 mt (waste & ore) in 2022 High Speed, Large Travel way, Gradual Gradient 6.5 metres 4.5 metres The Twin Inclines Are Effectively An Undergr
Slide 17: Ore Pass System – Raise Bore Rigs Operational
Ore Pass System – Raise Bore Rigs Operational TSX: KNT OTCQX: KNTNF Underground raise bore site setup Reaming of First Raise (5m diameter) completed to upgrade Ventilation to Main Mine Completed Development of First Waste/Ore Pass Connecting Main Mine to Twin Incline to drive significant productivit
Slide 18: 3x Increase of Mining Fronts by End of 2025
3x Increase of Mining Fronts by End of 2025 TSX: KNT OTCQX: KNTNF Kora-Irumafimpa Long Section (Looking West) 1 Current Mining Front (Kora and Judd) 2 Current Status: Developing First Sublevel To Access Ore 3 Current Status: Inclining to Establish New Mining Front 4 2026: New Mining Front Once Paste
Slide 19: Site Visits by Morobe Province and Eastern Highlands Province Delegations
Site Visits by Morobe Province and Eastern Highlands Province Delegations TSX: KNT OTCQX: KNTNF February 2025 Site Visit – Delegation Lead by March 2025 Site Visit – Delegation Lead by Governor of Morobe Province Hon. Luther Wenge Governor of EHP Province Hon. Simon Sia TV Source: TVWAN Online Chann
Slide 20: Near-Term Delivery of Stage 3 & 4 Expansions
Near-Term Delivery of Stage 3 & 4 Expansions TSX: KNT OTCQX: KNTNF 2025 2026 2027 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 New Standalone Stage 3 Expansion Process Plant (1.2 mtpa) Pastefill Plant Process Capacity Ramp-up to 1.8 mtpa Mine Ramp-up to 1.8 mtpa +150 m3/s +200 m3/s +250 m3/s Up to 600 m3/s P
Slide 21: Process Plant Construction Rapidly Advancing
Process Plant Construction Rapidly Advancing TSX: KNT OTCQX: KNTNF Structural and Mechanical Steelwork Long Lead Items Construction of the process plant is rapidly advancing with all long-lead items having already arrived on site 21
Slide 22: Construction Rapidly Advancing
Construction Rapidly Advancing TSX: KNT OTCQX: KNTNF Grinding Circuit Flotation Circuit (SAG + Ball Mill) Flotation Surge Bin Circuit Construction is most advanced at the grinding circuit (SAG + Ball), which is the critical path for the process plant construction schedule 22
Slide 23: Ancillary Construction Projects Progressing Well
Ancillary Construction Projects Progressing Well TSX: KNT OTCQX: KNTNF Interim Power Station - Complete Warehouse Construction - Complete Construction works on multiple ancillary packages is successfully complete, supporting the next phase of expansion 23
Slide 24: Stage 3 Expansion Update – All Paste Fill Plant Long Lead Items Ordered
Stage 3 Expansion Update – All Paste Fill Plant Long Lead Items Ordered TSX: KNT OTCQX: KNTNF Underground Paste Plant Surface Storage System Near Portal Tailings Filtration Plant Paste Fill Plant Front End Engineering and Design Complete, Detailed Engineering and Design Contract Awarded to GR Engine
Slide 25: Multiple High Priority Near-Mine Targets
Multiple High Priority Near-Mine Targets TSX: KNT OTCQX: KNTNF Multiple High Priority Near-Mine Vein and Porphyry Targets Airborne Geophysics and Target Locations Kora & Kora Deeps (Vein) 1 • Kora open to depth and along strike Kora South & Judd South (Vein) 2 • • Structure extends +1km beyond minin
Slide 26: Exploration Target: Kora, Kora South & Kora Deeps
Exploration Target: Kora, Kora South & Kora Deeps TSX: KNT OTCQX: KNTNF Multiple Highly Prospective Exploration Fronts Being Drilled Concurrently Kora South from Surface, Kora Deeps Underway from Twin Incline and Kora South Underway from 1205 Level Drill Drive Note: See slide 46 for complete grade i
Slide 27: Judd and Judd South Vein System is Very Underexplored
Judd and Judd South Vein System is Very Underexplored TSX: KNT OTCQX: KNTNF Judd is Sparsely Drilled, Has at Least 4 Known Veins and Open in All Directions Significant Amount of Drilling Completed Since the Judd Resource and Drill Defined Strike Length has Increased +130% Since End of 2021 Note: See
Slide 28: Latest Drilling Results Kora-Kora South – K1 & K2 Vein Plan View
Latest Drilling Results Kora-Kora South – K1 & K2 Vein Plan View TSX: KNT OTCQX: KNTNF Key Facts • The dilatant zones identified are the first to be drilled with significant drill density, demonstrating large interpreted strike lengths of approximately 60m in K1 and approximately 100m in K2, providi
Slide 29: Copper Grade Tenor Increasing to the South towards A1 Porphyry
Copper Grade Tenor Increasing to the South towards A1 Porphyry TSX: KNT OTCQX: KNTNF K2 Vein Copper Grade (%) Long-Section (Looking West) Kora South/Judd South Drill Drive Well Established for Step-Out Drilling 29
Slide 30: High Priority Exploration Targets: Arakompa and Maniape
High Priority Exploration Targets: Arakompa and Maniape TSX: KNT OTCQX: KNTNF Arakompa and Maniape Veins Key Facts • Arakompa – Sparsely drilled, open along strike, at depth and along its width • Located ~4.5km from Kainantu process plant, with similar mineralization to the producing high grade Kora
Slide 31: Two Major High-Grade Veins Confirmed to Date – AR1 and AR2
Two Major High-Grade Veins Confirmed to Date – AR1 and AR2 TSX: KNT OTCQX: KNTNF Drilling at Arakompa has confirmed two major sub-parallel veins AR1 and AR2, defined over extensive strike and depth with a substantial average vein thickness of ~3 metres, respectively Both veins are open in multiple d
Slide 32: First Program in 32 Years Continues to Define Interpreted Bulk Tonnage Zone
First Program in 32 Years Continues to Define Interpreted Bulk Tonnage Zone TSX: KNT OTCQX: KNTNF Arakompa Target is Very Large: +1.7km Strike, +650m Vertical and 150- 225m Wide Corridor Open Along Strike, Depth and Width Note: See slide 47 for complete grade information for intersections. 32
Slide 33: Significant Pipeline of Highly Prospective Exploration Targets
Significant Pipeline of Highly Prospective Exploration Targets TSX: KNT OTCQX: KNTNF Vein Targets Porphyry Targets Kora/ Skarn Operations Judd Epithermal & Skarn Kora/Judd South Current Exploration Focus Feasibility Exploration Planned Within 24 months Pre-Feasibility Concept Resource Definition Blu
Slide 34: Appendix
K92 & MINING INC. Appendix
Slide 35: Management & Directors
Management & Directors TSX: KNT OTCQX: KNTNF Management Team Board of Directors Mineral engineer with +35yrs of global experience (Africa, Australia, Asia, N. America Over 35 years' experience as a lawyer, senior executive, director, journalist and author, and has held several John Lewins & former S
Slide 36: 2030 GHG Emissions Reduction Target
2030 GHG Emissions Reduction Target TSX: KNT OTCQX: KNTNF 40% lower carbon intensity compared to global average K92 has set a target to reduce Scope 1 and Scope 2 emissions by 25% on a business-as-usual basis by 2030 Kainantu has below industry average emissions and we are committed to further impro
Slide 37: Operational Guidance - Investing in Our Major Expansion
Operational Guidance - Investing in Our Major Expansion TSX: KNT OTCQX: KNTNF Key Figures Key Highlights • Production Growth: Production in the second half of 2025 is expected to Amount be the strongest, with operations ramping up ahead of the commissioning and ramp-up of the 1.2 mtpa Stage 3 Expans
Slide 38: Kora Deposit Overview & Mining Conditions Summary
Kora Deposit Overview & Mining Conditions Summary TSX: KNT OTCQX: KNTNF Deposit: Intermediate Sulphidation Multiple sub-vertical Au-Cu-Ag sulphide veins Focus is on the K1 and K2 veins, with the system also hosting other veins and link structures AuEq Reserve Grade: 8.6g/t – 6.6g/t Au, 19g/t Ag, 1.1
Slide 39: Judd Deposit Overview & Mining Conditions Summary
Judd Deposit Overview & Mining Conditions Summary TSX: KNT OTCQX: KNTNF Deposit: Intermediate Sulphidation Multiple sub-vertical Au-Cu-Ag sulphide veins, located ~150-200m east of Kora Focus is on the J1 vein, with the system also hosting at least three other veins AuEq Reserve Grade: 8.1g/t – 7.1g/
Slide 40: Kora and Judd Independent Reserve Estimate
Kora and Judd Independent Reserve Estimate TSX: KNT OTCQX: KNTNF Kora and Judd Deposit Reserve Summary (January/2024) Tonnes Gold Silver Copper Gold Equivalent mt g/t moz g/t moz % kt g/t moz Kora Deposit Proven 2.95 7.4 0.70 19 1.9 1.1 31 9.4 0.89 Probable 2.52 5.7 0.46 19 1.6 1.0 26 7.6 0.61 Prove
Slide 41: Kainantu Consolidated NI 43-101 Resources
Kainantu Consolidated NI 43-101 Resources TSX: KNT OTCQX: KNTNF Kora and Judd Deposit Resource Summary (September/2023) Tonnes Gold Silver Copper Gold Equivalent mt g/t moz g/t moz % kt g/t moz Kora Deposit Measured 3.7 8.7 1.0 21 2.5 1.2 45 11.0 1.3 Indicated 3.1 7.0 0.7 22 2.2 1.3 41 9.4 1.0 Measu
Slide 42: Efficient and Systematic Exploration – Kora and Judd
Efficient and Systematic Exploration – Kora and Judd TSX: KNT OTCQX: KNTNF M&I – Kora and Judd (moz AuEq) Inferred – Kora and Judd (moz AuEq) Total – Kora and Judd (moz AuEq) (1) Production Depletion M&I Inferred Production Depletion 8.0 7.4 moz 0.3 moz 9.2 g/t 7.0 6.0 4.5 moz AuEq, 8.5g/t 4.5 moz 4
Slide 43: Airborne Geophysics Identifies Many New Targets
Airborne Geophysics Identifies Many New Targets TSX: KNT OTCQX: KNTNF Key Facts • Advanced MobileMT deep penetrating airborne geophysics flown over the entire ~830 km2 land package • First major geophysics program completed on property in +10 years • Results demonstrate an extensive untested potenti
Slide 44: Blue Lake Porphyry Project - Significant Potential to Grow Resource Size
Blue Lake Porphyry Project - Significant Potential to Grow Resource Size TSX: KNT OTCQX: KNTNF 10.8 moz AuEq / 2.9 blbs CuEq Maiden Inferred Resource Declared in August 2022 Grade Tenor Increasing with Depth & High Grade Potassic Core is Open at Depth Note: Estimates are based on Technical Report ti
Slide 45: Blue Lake Porphyry Project – 14.6 moz Maiden Resource (August 2022)
Blue Lake Porphyry Project – 14.6 moz Maiden Resource (August 2022) TSX: KNT OTCQX: KNTNF Blue Lake Resource Summary (August 2022) Large 14.6 moz AuEq Inferred Resource Tonnes Gold Silver Copper Gold Equivalent mt g/t moz g/t moz % mt g/t moz Blue Lake Inferred 686 0.19 4.2 2.4 53.6 0.21 1.4 0.66 14
Slide 46: Kora and Judd Highlight Intersections From Presentation Images
Kora and Judd Highlight Intersections From Presentation Images TSX: KNT OTCQX: KNTNF Drill Hole ID Interval (m) True width (m) Gold g/t Silver g/t Copper % Gold Eq Drill Hole ID Interval (m) True width (m) Gold g/t Silver g/t Copper % Gold Eq KUDD0053 78.5 11.86 24.94 116 0.38 27.03 KUDD0038 28.7 18
Slide 47: Arakompa Highlight Intersections From Presentation Images
Arakompa Highlight Intersections From Presentation Images TSX: KNT OTCQX: KNTNF Hole_ID From (m) To (m) Interval (m) True width (m) Gold g/t Silver g/t Copper % Gold Eq Hole_ID From (m) To (m) Interval (m) True width (m) Gold g/t Silver g/t Copper % Gold Eq KARDD0002 5.2 225 219.8 112.14 1.45 3 0.07
Slide 48: Contact
E-mail: dmedilek@k92mining.com Phone: +1 (604) 416 4445