K92 Mining, Inc. · TSX:KNT
K92 Mining — Investor Presentation (October 2026)
55 slides from K92 Mining's investor presentation, October 2026
Slide 1: Growing Production & Transformative Discoveries
Growing Production & Transformative Discoveries INVESTOR PRESENTATION • October 2026 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 run-rate
Slide 4: Attractive Valuation - Compelling Re-Rate Opportunity
Attractive Valuation - Compelling Re-Rate Opportunity TSX: KNT OTCQX: KNTNF P / NAV 2025 – 2029E Production Growth (koz AuEq) Peer Average: 1.07x +34% +130% Significant Re-Rate Potential As K92 Transitions Into Becoming a Tier-1, Mid-Tier Producer 4 Note: Prices as of September 11, 2026. 2025 produc
Slide 5: Amongst The Highest Grade, Lowest Cost Operating Mines Globally
Amongst The Highest Grade, Lowest Cost Operating Mines Globally TSX: KNT OTCQX: KNTNF Proven and Probable Reserves (>1 Moz Contained Ounces) and AISC (US$/oz Au) Judd 1365 Level Operation 1 Company Reserve Grade 2025 Grade BMO Forecasted 2026 AISC (Au g/t) (Au g/t) ($/oz Au)5 Macassa Agnico Eagle 8.
Slide 6: 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 7: Corporate Structure
Corporate Structure TSX: KNT OTCQX: KNTNF Key Financial Data (for the period ending June 30/26) Fully Funded to Execute Growth Trajectory Symbol TSX: KNT, OTCQX: KNTNF Strong Cash Balance Fully Diluted Shares Outstanding 247.4 million Cash and Cash Equivalents US$349m Significant Available Liquidity
Slide 8: Delivering Sustainable Value – 2025 Sustainability Report
Delivering Sustainable Value – 2025 Sustainability Report TSX: KNT OTCQX: KNTNF • Outstanding Community Humanitarian Initiative awarded by the PNG Chamber of Resources and Energy (“CORE”) in 2025 for the K92 Adult Literacy Program • Fourth consecutive year K92 has received primary community-related
Slide 9: Value Creation Through Discovery
Value Creation Through Discovery TSX: KNT OTCQX: KNTNF May 2017 October / December 2021 September 2023 (Long Sections, Looking West) Kora North Kora and Judd Kora and Judd 1.7 moz at 11.6 g/t AuEq Inferred1 2.3 moz at 9.3 g/t AuEq Measured & Indicated 2.6 moz at 10.0 g/t AuEq Measured & Indicated 2.
Slide 10: 2025 Was A Transformational Year for K92
2025 Was A Transformational Year for K92 TSX: KNT OTCQX: KNTNF Stage 3 Expansion Process Plant Grand Opening on October 16 – Delivered Under Budget 10
Slide 11: 2026 Operational Guidance – Another Major Step Forward Planned
2026 Operational Guidance – Another Major Step Forward Planned TSX: KNT OTCQX: KNTNF Key Figures Key Highlights • Production Growth: Production is expected to be strongest in Q4 2026, driven by Amount a planned higher-grade stoping sequence, the continued ramp-up of the second and third mining front
Slide 12: Systematically Executing to Become a Tier 1 Mid-Tier Producer
Systematically Executing to Become a Tier 1 Mid-Tier Producer TSX: KNT OTCQX: KNTNF Plant Commissioning Targeting Late 2027 Completed Dec 2025 Commissioning 4Q 2020 2Q 2023 Stage 3 Stage 4 Stage 2 Stage 2A 1,200,000 tpa 1,800,000 tpa 300 koz AuEq pa(1) +400 koz AuEq pa(1) 400,000 tpa 500,000 tpa Via
Slide 13: Operational Performance – Since Commercial Production
Operational Performance – Since Commercial Production TSX: KNT OTCQX: KNTNF AuEq Production (koz), Co-Product Cash Cost ($/oz AuEq) and Co-Product AISC ($/oz AuEq) Significant Portion of Sustaining Capex is for Upcoming Expansions Stage 2 Expansion Operational Impact Due to Plant Commissioned Tempor
Slide 14: Kainantu Mine Execution
Kainantu Mine Execution TSX: KNT OTCQX: KNTNF Total Ore Processed (kt) Total Development (m) Total Mined Material (kt) 486kt Ore Mined Waste 426kt 404kt 378kt 354kt 348kt 233kt 339kt 315kt 306kt 306kt 198kt 290kt 287kt 278kt 270kt 267kt 246kt 246kt 238kt 224kt 228kt 225kt 201kt 192kt 209kt 208kt 206
Slide 15: Strong Process Plant Performance
Strong Process Plant Performance TSX: KNT OTCQX: KNTNF Recoveries Gold Copper New Stage 3 Expansion Process Plant performed well in its first operating quarters, delivering strong recoveries & multiple daily throughput records above the 3,290 tpd design (Jan 12: 3,945t, Dec 14: 3,822t, Dec 13: 3,794
Slide 16: Near-Term Mine Transformation: Major Infrastructure Upgrades
Near-Term Mine Transformation: Major Infrastructure Upgrades TSX: KNT OTCQX: KNTNF 1 Twin Incline Kora-Irumafimpa Planned Twin Incline and Development Long Section (Looking West) Scope: High Speed 2.9km twin incline, capable of +5 mtpa with conveyors Status: Complete Impact: Transforms material hand
Slide 17: Near-Term Mine Transformation: Major Infrastructure Upgrades Complete
Near-Term Mine Transformation: Major Infrastructure Upgrades Complete TSX: KNT OTCQX: KNTNF Original Incline New Twin Incline – High Speed, Larger Equipment Internal Ramp – All Mining Fronts Connected 6.5 metres 4.5 metres 6 metres 4 metres New Dedicated Ore and Waste Passes – Leveraging Mine’s Grav
Slide 18: New Primary Ventilation Commissioning Planned in Early Q4 26
New Primary Ventilation Commissioning Planned in Early Q4 2026 TSX: KNT OTCQX: KNTNF Primary Fan Chamber Puma Vent Drive Surface Breakthrough 15 metres 9.5 metres Puma Ventilation Drive breakthrough was achieved in late February 2026, increasing primary mine airflow from ~200m³/s to ~350m³/s, reduci
Slide 19: 3 x Increase in Mining Fronts in 2026
3 x Increase in Mining Fronts in 2026 TSX: KNT OTCQX: KNTNF Kora-Irumafimpa Long Section (Looking West) 1 Main Mining Front Since Commercial Production 2 Commenced Production Stoping in April – Ramping Up 3 Commenced Production Stoping in Sept – Ramping Up 4 2027: New Mining Front Once Pastefill Onl
Slide 20: Major Underground Mobile Fleet Upgrade & Expansion Underway
Major Underground Mobile Fleet Upgrade & Expansion Underway TSX: KNT OTCQX: KNTNF New Equipment 2026 Fleet Fleet Equipment Model Arrived Remaining Use Change YE 2025 YE 2026 Surface Haul Four new Sandvik 517i loaders now operational YTD Volvo A60J (60t) - 5 3 Addition 8 +8 Trucks Loaders Sandvik LH-
Slide 21: Strong PNG Government and Key Stakeholder Support
Strong PNG Government and Key Stakeholder Support TSX: KNT OTCQX: KNTNF March 2025 Site Visit – Delegation Led by August 2025 Site Visit – Delegation Led by May 2026 Site Visit – Delegation Led by Minister Governor of EHP Province Hon. Simon Sia Minister for Mining Hon. Rainbo Paita for Mining Hon.
Slide 22: 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 +350 m3/s Up to 600 m3/s P
Slide 23: Stage 3 Expansion Process Plant
Stage 3 Expansion Process Plant TSX: KNT OTCQX: KNTNF New 1.2 Mtpa Process Plant Fully Operational Since December 2025 23
Slide 24: Ancillary Construction Projects Progressing Well
Ancillary Construction Projects Progressing Well TSX: KNT OTCQX: KNTNF Warehouse Construction - Complete New Kumian Creek Camp – Complete (Further Expansion In Progress) Primary Standby Power Station - Complete New Maintenance Facilities - In Progress Phase 1 Expansion Complete (10.7 MW Prime Power
Slide 25: Stage 3 Expansion Update – Underground Paste System Advancing
Stage 3 Expansion Update – Underground Paste System Advancing TSX: KNT OTCQX: KNTNF 1. Tailings Filtration Plant 3. Underground Paste Plant 2. Surface Storage System Near Portal Tailings filtration plant commissioning is complete, with the surface storage system and underground paste plant on schedu
Slide 26: Tailings Filter Plant Commissioning Complete
Tailings Filter Plant Commissioning Complete TSX: KNT OTCQX: KNTNF Tailings Filter Plant Filter Press Commissioning Tailings Filter Plant commissioning complete, with optimization ongoing. First filter cake produced in late April. Once fully operational, the pastefill system will divert a majority o
Slide 27: Pastefill Plant Infrastructure Construction Advancing
Pastefill Plant Infrastructure Construction Advancing TSX: KNT OTCQX: KNTNF Surface Binder Blending Plant Near Portal Underground Silo Chamber 1205 Hopper Paste Pump Paste Mixer Structural, mechanical and piping works are complete at the Surface Binder Blending and Filter Cake Storage areas, with co
Slide 28: Major Improvements to Mine-Mill Transport Capacity
Major Improvements to Mine-Mill Transport Capacity TSX: KNT OTCQX: KNTNF Kasese River Crossing - Complete Baupa Bridge - Complete Old River Crossing (20t payload restriction - being dismantled) New 60 t truck 10m Diameter Culvert Pre-backfill Kokomo Bridge - Complete River crossing upgrades are comp
Slide 29: 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 30: Exploration Target: Kora, Kora South, Kora North & Kora Deeps
Exploration Target: Kora, Kora South, Kora North & Kora Deeps TSX: KNT OTCQX: KNTNF Kora Deeps Drilling Has Commenced Targeting to 500m RL over the next 12 months Multiple Highly Prospective Exploration Fronts Being Drilled Concurrently Kora Deeps, Kora North and South Deeps Underway from Twin Incli
Slide 31: Judd and Judd South Vein System is Very Underexplored
Judd and Judd South Vein System is Very Underexplored TSX: KNT OTCQX: KNTNF Judd Deeps Drilling Has Commenced Targeting to 500m RL over the next 12 months Judd is Sparsely Drilled, Has at Least 4 Known Veins and Open in All Directions Significant Amount of Drilling Completed Since the Judd Resource
Slide 32: 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) K1 Vein Copper Grade (%) Long-Section (Looking West) Copper grades and tenor continue to increase south toward A1 with the K1 Vein returning higher copper grades
Slide 33: 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 34: Sizeable Bulk Tonnage Zone Defined & Porphyry-Style Mineralization Discovered
Sizeable Bulk Tonnage Zone Defined & Porphyry-Style Mineralization Discovered TSX: KNT OTCQX: KNTNF Arakompa Target is Very Large: +2km Strike, +800m Vertical and +400m Wide Corridor – Open Along Strike, Depth & Width Latest drilling expanded the near-surface high-grade bulk zone, including 99.0m at
Slide 35: 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 delineated two major sub-parallel veins AR1 and AR2, defined over extensive strike and depth AR1 near-surface high-grade zone outlined in long section spans up to 300m vertically and up to 400m
Slide 36: Arakompa is Growing Very Rapidly
Arakompa is Growing Very Rapidly TSX: KNT OTCQX: KNTNF Feb 2024 June 2024 Oct 2024 Feb 2025 Sept 2025 June 2026 (2 Holes Reported) (11 Holes Reported) (30 Holes Reported) (43 Holes Reported) (67 Holes Reported) (100 Holes Reported) Arakompa is rapidly and efficiently growing through expansion of bul
Slide 37: New Greenfields Discovery – Large Vein System at Wera
New Greenfields Discovery – Large Vein System at Wera TSX: KNT OTCQX: KNTNF Wera Vein System Key Facts • Wera – low-sulphidation epithermal gold system • Road accessible and located ~10km SW from Kora and Judd • Target identified from airborne geophysics MobileMT Survey and review of historical data
Slide 38: Significant Pipeline of Highly Prospective Exploration Targets
Significant Pipeline of Highly Prospective Exploration Targets TSX: KNT OTCQX: KNTNF Vein Targets Porphyry Targets Kora/Judd Skarn Operations Kora South / Epithermal & Skarn Judd South Current Exploration Focus Feasibility Exploration Planned Within 24 months Pre-Feasibility Concept Blue Lake Resour
Slide 39: Appendix
MINING INC.
Slide 40: Management & Directors
Management & Directors TSX: KNT OTCQX: KNTNF Management Team Board of Directors Mining professional with 19+ years of experience across mining capital markets, corporate strategy, Mineral engineer with 40+ years of global experience across project development, operations David Medilek technical and
Slide 41: 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 improving our
Slide 42: 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 43: 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 44: 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 45: 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 46: 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 47: Latest Drilling Results Kora-Kora South – K1 Vein (February 18, 2026)
Latest Drilling Results Kora-Kora South – K1 Vein (February 18, 2026) TSX: KNT OTCQX: KNTNF Key Facts • All holes intersected mineralization • High-grade zone extended up-dip from main underground mining area with higher grades than resource model in multiple zones, including: • KMDD0893 – 4.95 m at
Slide 48: Latest Drilling Results Kora-Kora South – K2 Vein (February 18, 2026)
Latest Drilling Results Kora-Kora South – K2 Vein (February 18, 2026) TSX: KNT OTCQX: KNTNF Key Facts • All holes intersected mineralization • Dilatant zone now defined 100 m along strike by 200 m vertical extent, located ~50m from existing underground infrastructure — supporting near-term bulk mini
Slide 49: Latest Drilling Results Judd-Judd South – J1 Vein (February 18, 2026)
Latest Drilling Results Judd-Judd South – J1 Vein (February 18, 2026) TSX: KNT OTCQX: KNTNF Key Facts • All holes intersected mineralization • Multiple thick, high-grade intercepts at Judd Deeps up to 300 m below the Twin Incline and 350 m below the MRE, defining 450 m of strike to date, remaining o
Slide 50: 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 51: Blue Lake Porphyry Project - Significant Potential to Grow Resource Size
Blue Lake Porphyry Project - Significant Potential to Grow Resource Size TSX: KNT OTCQX: KNTNF 14.6 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 52: 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 53: Kora and Judd Highlight Intersections From Presentation Images
Kora and Judd Highlight Intersections From Presentation Images TSX: KNT OTCQX: KNTNF Interval True width True width True width Drill Hole ID Gold g/t Silver g/t Copper % Gold Eq Drill Hole ID Interval (m) Gold g/t Silver g/t Copper % Gold Eq Drill Hole ID Interval (m) Gold g/t Silver g/t Copper % Go
Slide 54: Arakompa Highlight Intersections From Presentation Images
Arakompa Highlight Intersections From Presentation Images TSX: KNT OTCQX: KNTNF True True True True True Interval Interval Interval Interval Copper From Interval True Interval Hole_ID From (m) To (m) width Gold g/t Silver g/t Copper % Gold Eq Hole_ID From (m) To (m) width Gold g/t Silver g/t Copper
Slide 55: David Medilek, P.Eng., CFA CEO & Director
David Medilek, P.Eng., CFA CEO & Director Contact: E-mail: dmedilek@k92mining.com Phone: +1 (604) 416 4445