Kenmare Resources Plc · LSE:KMR
Kenmare Resources — TZMI TiO2 Industry Forum 2025
13 slides from Kenmare Resources's conference presentation, May 2025
Slide 1: Focused on long-term value creation
>» KENMARE RESOURCES PLC Focused on long-term value creation TZMI TiO, Industry Forum, May 2025
Slide 2: Moma Mine, Mozambique
➢ ➢ ➢ Moma ➢ Mine ➢ ➢ Mozambique Moma ➢ Mine ➢ ➢ ➢
Slide 3: Committed to making a positive impact
Committed to making a positive impact >» Transforming resources into opportunity for all * 97% Mozambican employees at the Moma Mine - committed to local and national hiring Safe and engaged workforce ~ >17% female employees at Moma and 25% of senior leadership roles held by women * Largest employer
Slide 4: Kenmare Moma Development Association (KMAD)
Kenmare Moma Development Association (KMAD) >» A not-for-profit organisation to implement development programmes in the Mine's host communities KMAD's vision KMAD's mission y oS ---- 0 FO Gr ay The continued development of a * * ‘ To support the improvement of o S ro) ° self-sustaining and vibrant G
Slide 5: A low carbon producer
A low carbon producer Kenmare achieved a first quartile position in TZMI's CO, emissions curve Targeting Net Zero by 2040 > >90% of Moma’s electricity requirements come from a renewable source (hydropower) » Supplied by the Cahora Bassa dam in western Mozambique and transmitted through the grid > Mi
Slide 6: Building on a long-life Mineral Resource
Building on a long-life Mineral Resource >» Moma's extensive Mineral Resources support sustained partnerships 9 billion tonnes of Mineral Resources Map of Kenmare’s concessi > Moma was discovered in 1987 and first production was declared in 2007 > Moma has a >100-year life of mine > Kenmare believes
Slide 7: Lasting customer relationships
Lasting customer relationships >» Kenmare is proud to still supply its original customers, in addition to adding new customers Forming strong and enduring partnerships : Proportion of sales volumes to long-term custome - > Customers rely on Kenmare’s stable, long-term supply 80% to plan and grow wit
Slide 8: Structural undersupply in the feedstock market
Structural undersupply in the feedstock market >» Supply/demand balance! (‘000 TiO, units) 10,000 9,000 8,000 - 7,000 6,000 5,000 2020 2021 2022 2023 2024f 2025f 2026f 2027 2028f Ml Existing Supply ls Potential New Supply —Total Feedstock Demand > 1.5Mt TiO, units (~3Mt ilmenite) of new supply requi
Slide 9: High-quality product suite
High-quality product suite IImenite TiO, content required by different markets! t I I I Beneficiation China Beneficiation ex - China Chloride Slag Synthetic Rutile i} i} Sulphate pigment ex China 1 ] I ! I i} ; . I i} Sulphate pigment China 1 1 ! I 1 44 46 48 50 52 54 56 58 60 62 TiO, content > Flex
Slide 10: Kenmare is targeting strongest market segments
Kenmare is targeting strongest market segments >» Kenmare's ilmenite is suitable for beneficiation, a rapidly growing market segment ~ Kenmare ilmenite sales for beneficiation! 600 86% increase in sales to beneficiation market since 2017 > Capacity for beneficiation has been growing in recent years!
Slide 11: Focused on long-term value creation
Focused on long-term value creation Delivering Kenmare's purpose of ‘Transforming resources into opportunity for all’ Established producer with strong relationships Significant investment required to meet demand » 18-year production track record at Moma, with a ~40-year presence in Mozambique » >§$2
Slide 12: Follow Kenmare on social media
Follow Kenmare on social media > Facebook, LinkedIn and X (Twitter) hh KENMARE & RESOURCES PLO » Kenmare has profiles on Facebook, LinkedIn and X (Twitter), which feature regular updates on our sustainability initiatives, operational and development milestones, news flow and more Kenmare Resources —
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