Kaoko Metals Limited · ASX:KAO
Kaoko Metals — Africa Down Under 2026
21 slides from Kaoko Metals's conference presentation, Sep 4, 2026
Slide 1: Africa Down Under 2026 Investor Presentation
AFRICA DOWN UNDER 2026 Investor Presentation ASX CODE DATE KAO 4TH SEPTEMBER 2026
Slide 2: Disclaimer
DISCLAIMER SUMMARY INFORMATION NO RELIANCE OR WARRANTY This presentation has been prepared by Kaoko Metals Limited (ACN 688 022 139) (“Kaoko” or No representation or warranty is given, and nothing in this presentation or any other information made "Company") and its subsidiaries. The information con
Slide 3: Capital Structure
CAPITAL STRUCTURE As of 3 September 2026 ($=AUD) SHARE PRICE MARKET CAP $2.50 ~$151M IPO @ $0.20 on 7th May 2026 IPO @ $12.1M SHARES ON ISSUE CASH (30 JUNE 2026) 60.61M ~$5.23M Total issued capital at IPO IPO raised $6.5M before costs Strong Board Alignment Members of Kaoko’s management and field te
Slide 4: Board of Directors
BOARD OF DIRECTORS Experienced board with deep African and Namibian presence MARK THOMPSON GERARD O’DONOVAN NON-EXECUTIVE CHAIR MANAGING DIRECTOR & FOUNDER • Minerals industry executive with 25+ years’ • Mining executive with 18+ years’ experience across experience across exploration, development an
Slide 5: Senior Management
SENIOR MANAGEMENT Strong technical and in country management DR ISMAEL KANGUEEHI LISIAS PIUS IN-COUNTRY EXPLORATION LEAD IN-COUNTRY MANAGER • Namibian Earth Scientist and Environmental • Namibia-based mining professional with 13+ Geochemist. years’ experience. • PhD in Earth Sciences, Stellenbosch U
Slide 6: DDOT001 and DDOT002 – Drilling Update
DDOT001 and DDOT002 – Drilling Update • First two diamond drill holes completed at the Chalkos Project. • Both holes, DDOT001 and DDOT002, have intersected shallow, broad zones of disseminated visible copper mineralisation1. • DDOT002: • 60.25m of visible copper mineralisation from 36.65 to 96.90m d
Slide 7: DDOT001 and DDOT002 – Drilling Update
DDOT001 and DDOT002 – Drilling Update Drill Hole Location Plan – Otniel prospect area. Cross Section with drill holes DDOT001 & DDOT002 including downhole visible copper mineralisation1 and schematic geology. Cautionary note: Visual estimates of mineral abundance should never be considered a proxy o
Slide 8: Kaoko Copper Belt Opportunity
KAOKO COPPER BELT OPPORTUNITY A vast, underexplored copper belt with world-class potential The Kaoko Belt is proven to hold high grade projects Chalkos is located within the same geological setting as: • the historic Tsumeb Mine (reported to have produced 30M tonnes which yielded 1.7Mt Cu @ 4.3%)1.
Slide 9: Projects Overview
PROJECTS OVERVIEW CHALKOS COPPER / SILVER 69.6% PEAK COPPER 2,030 g/t PEAK SILVER KAOKO COPPER BELT GRADE1 GRADE1 • High-grade sediment-hosted & structurally controlled copper–silver in an underexplored geological setting similar to Tsumeb and Midas Minerals (ASX: MM1). • Highly favourable mineralog
Slide 10: Chalkos — Location & Geology
CHALKOS — LOCATION & GEOLOGY NEARBY RESOURCES • Tsumeb Mine (reported to have produced 30M tonnes which yielded 1.7Mt Cu @ 4.3%)1 • Midas Minerals (ASX:MM1) Otavi Project • Maiden inferred resource of 10.5Mt at 1.6% Cu and 21g/t Ag (2.0% CuEq)2 • Intercepts such as 50m at 5.55% Cu and >125g/t Ag (or
Slide 11: Chalkos — Local Geological Setting & Infrastructure
CHALKOS — LOCAL GEOLOGICAL SETTING & INFRASTRUCTURE Aerial Image of Donkey Hill Photos taken during Kaoko management site visit to Chalkos Project in July 2026 Chalkos Project geological setting 1. Refer to Table 2: Phase 1 Donkey Hill grab sample results in the IGR contained in the Company’s Prospe
Slide 12: Chalkos — New Copper Discoveries Since Listing
CHALKOS — NEW COPPER DISCOVERIES SINCE LISTING • Maiden fieldwork at the Chalkos Project has discovered outcropping visible copper mineralisation1 at the new Bootless prospect. • Bootless significantly expands the Project’s surface mineralised footprint and supports potential for a larger, more cont
Slide 13: DDOT001 and DDOT002 – Drilling Update
DDOT001 and DDOT002 – Drilling Update Aerial view of Drilling Plan View Cross Section with drill holes DDOT001 & DDOT002 including downhole visible copper mineralisation1 and schematic geology. Cautionary note: Visual estimates of mineral abundance should never be considered a proxy or substitute fo
Slide 14: DDOT001 and DDOT002 – Drilling Update
DDOT001 and DDOT002 – Drilling Update DDOT001 Core from 59.83m to 64.34m, showing a selection of mineralised drill core from ~61.17m & Cautionary note: Visual estimates of mineral abundance should never be considered a ~64.17m, with the visually identified copper minerals annotated1 proxy or substit
Slide 15: Whats Next?
WHATS NEXT? • We have committed to a maiden program of ~3000m but based on results that will be assessed and expanded as required • We have already expanded the program at Otniel • We are investigating the mobilisation of another diamond rig to expedite the program. • We have yet to drill the higher
Slide 16: Gerard O'Donovan
GERARD O'DONOVAN MANAGING DIRECTOR & CEO info@kaokometals.com www.kaokometals.com KAOKO METALS LIMITED | ASX:KAO SEPTEMBER 2026 | INVESTOR PRESENTATION 16
Slide 17: Karibib Copper-Gold-Tungsten Project
KARIBIB COPPER-GOLD-TUNGSTEN PROJECT Strategic Tenure & Emerging Discovery Emerging copper–gold–tungsten system within the Damara Belt, with limited modern exploration completed to date. LOCATION & TENURE Located ~33 km south of Karibib in the Erongo Region, central Namibia, covering ~24,960 ha (EPL
Slide 18: Karibib Copper-Gold (Staged Earn In Up To 85%)
KARIBIB COPPER-GOLD (STAGED EARN IN UP TO 85%) EXPLORATION HIGHLIGHTS Rock chip and channel sampling produced encouraging multi-commodity grades: • Rock Chips up to 28.4% Cu, 453g/t Ag, 26.3 g/t Au1. • Channel sample averages: 2.72% Cu, 56.7 g/t Ag, 0.54 g/t Au, 0.22% WO₃ 2 • The Pot’s Mine Prospect
Slide 19: Appendix A - Drill Hole and Visual Mineralisation Details
Appendix A - DRILL HOLE AND VISUAL MINERALISATION DETAILS Estimated Mineralisation Geology From To Interval Chalcoc Hole ID Mal Cup NCu (m) (m) (m) ite Form % % % % DDOT001 16.79 16.96 0.17 0.1 Blb Conglomerate DDOT001 20.67 20.88 0.21 1 Blb Conglomerate DDOT001 39.27 49.87 10.6 1.5 Dis Breccia DDOT
Slide 20: Appendix A - Drill Hole and Visual Mineralisation Details
Appendix A - DRILL HOLE AND VISUAL MINERALISATION DETAILS Estimated Mineralisation Geology Visual estimates of mineral abundance or type should never be considered a proxy or substitute for laboratory analyses. Laboratory From To Interval Chalcoc Hole ID Mal Cup NCu chemical assays are required to d
Slide 21: Appendix B - Chalkos Project Surface Sampling
Appendix B - CHALKOS PROJECT SURFACE SAMPLING Visual Sample Sample estimate of Easting Northing Style Copper mineralisation ID type copper minerals Not applicable No visual copper mineralisation – Z2901 390007 7869659 Grab 0% regional sample Z2902 391037 7871166 Grab Not applicable No visual copper