Kgl Resources Limited · ASX:KGL
Kgl Resources — Investor Presentation (May 2026)
30 slides from Kgl Resources's investor presentation, May 20, 2026
Slide 1: Corporate Presentation: Australia's Next Significant Copper Producer
ASX:KGL For personal use only Corporate Presentation Australia’s Next Significant Copper Producer May 2026
Slide 2: Investment highlights
Investment highlights Australia’s next pure-play high-grade copper producer For personal use only Avg. copper production of 30ktpa over LOM (up to 35 – 40ktpa)1, plus meaningful gold & silver credits 10 year mine life (18.5Mt at 1.65% Cu)2, underpinned by Ore Reserves of 14.4Mt at 1.8% Cu (2.1% CuEq
Slide 3: Proven mine builders and operators
Proven mine builders and operators Backed by global mining experience, KGL has a highly credentialled execution team For personal use only • +40 year global mining career spanning technical, operational, commercial and executive roles across Australia, Africa, the Americas, China and Mongolia, inclu
Slide 4: Funding substantially de-risked – Wheaton
Funding substantially de-risked – Wheaton US$300m financing package with Wheaton Precious Metals (WPM) provides certainty, flexibility and alignment at an attractive cost of capital For personal use only What it delivers … Substantially de-risked funding for Jervois Attractive cost of capital Whea
Slide 5: Corporate summary
Corporate summary Well-funded with over A$400m of undrawn stream proceeds (not debt) and supportive shareholders For personal use only Board of Directors Senior Management KMP (Salim Family) RCF Jeff Gerard (Chairman) Sam Stromayr (CEO) Marshall Plenty Lindi Deguara (Independent NED) Anthony Liaw (C
Slide 6: Jervois Copper Project
For personal use only Jervois Copper Project 6
Slide 7: Overview of the Jervois Copper Project
Overview of the Jervois Copper Project Near-term, high-grade copper mine with compelling economics, low operating costs, clear permitting status and substantial leverage to copper prices and exploration success For personal use only Jervois is a large mineral-rich system in the NT – Mineral Resource
Slide 8: Jervois is a large, mineral-rich system
Jervois is a large, mineral-rich system The Jervois mineralised system is large, unique, and underexplored – IOCG, VHMS and SEDEX For personal use only – 27.5Mt @ 1.87% in Resources across three deposits: 1. 1 Rockface 2. 2 Reward; and 3 Bellbird 3. 2 – All Resources remain open at depth and lateral
Slide 9: Compelling baseline physicals and economics
Compelling baseline physicals and economics Summary of the Baseline Economic Study (BEM) – April 2026 For personal use only Assumption1,2,3 Unit Value Tonnes mined by source (open pit & underground, kt)3 – financial year Mine life Years 10 LOM EBITDA A$m 3,226 Open Pit Underground Concentrate produc
Slide 10: Copper production profile
Copper production profile LOM average to 30ktpa Cu (up to 35 – 40ktpa)… plus meaningful gold & silver by-products For personal use only Increase in the sustained production profile will be via potential extension of existing underground mines and/or Jervois copper production profile (kt, Cu)1,2 pote
Slide 11: Mining profile
Mining profile Open-pit mining before transitioning to higher-grade undergrounds For personal use only Tonnes mined, ore sources by mining area (kt)1 kt, ore 3,000 >95% Ore Reserves 2,500 2,000 1,500 1,000 500 - Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 11 Bell Bird OP Reward OP Bell Bir
Slide 12: Processing profile
Processing profile Low-risk commissioning on open-pit ore For personal use only Tonnes processed, open pit & underground (kt)1 kt, ore 2,500 2,000 1,500 1,000 500 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Underground Open Pit (1) Sourced from the Baseline Econo
Slide 13: Reward open pit & underground mine
Reward open pit & underground mine Low-risk, high-grade staged open pit followed by underground mining For personal use only Reward oblique 3D view _ looking northwest Prolific mineralised system … and open Showing the proposed 2 stages of open pit, underground development, Reward Open Pit* mining s
Slide 14: Bellbird open pit & underground mine
Bellbird open pit & underground mine Robust, broad-zoned starter pit with supplementary underground For personal use only Broad zones of high-grade mineralisation Bellbird oblique 3D view _looking northwest support a low-risk starter pit Showing the proposed open pit, satellite pit, UG development
Slide 15: Rockface underground mine
Rockface underground mine High-grade, consistent and open – clear potential for mine life extension For personal use only Consistent high-grade orebody Rockface oblique 3D view _ looking southwest Clear opportunity for mine life extension Showing decline, UG Accessed from Large DHEM conductor
Slide 16: Rapidly advancing Jervois to production
Rapidly advancing Jervois to production For personal use only Build out the KGL management team Including the appointment of an experienced project delivery team Baseline Economic Model (BEM – April 2026) Open pit optimisation, mill feed increase, metallurgical recovery improvement, costs updated, r
Slide 17: Timeline
Timeline Targeting commissioning in 1H’28 For personal use only Calendar Year 2026 2027 2028 2029 Funding FID Major contract Design & long-lead items Early works Construction Open pit mining Stockpiling of oxide/trans/sulphides Plant commissioning & ramp up First sulphide mill feed Steady-state Expl
Slide 18: Regional Exploration & New Mining Area Targets
For personal use only Regional Exploration & New Mining Area Targets 18
Slide 19: KGL's Integrated 3D Inversion Model
KGL’s Integrated 3D Inversion Model Integrated 3D geophysical modelling to refine & prioritise drill targets For personal use only During the past 10 years, over 30 mineralised targets have been identified via soil sampling and drilling - over both Jervois / Unca Creek tenements Reward, Rockface
Slide 20: Potential new mining areas
Potential new mining areas The Integrated 3D Inversion Modelling has confirmed existing and identified numerous exploration targets For personal use only Area 1: Central J-fold structure, which Area 2: South of Bellbird Area 3: South of Rockface Area 4: Continuation of the Reward may be associated w
Slide 21: Integrated 3D MT assessment – new mine area targets
Integrated 3D MT assessment – new mine area targets Magnetic-image-guided Joint MT _longsection over Bellbird Magnetic-image-guided Joint MT _longsection over Rockface For personal use only Area 2 Area 1 Area 3 Area 1 Area 2 Area 1 Magnetic-image-guided Joint MT _longsection over Reward • Area 1: Ce
Slide 22: Unlocking the Jervois mineral-rich province
Unlocking the Jervois mineral-rich province The broader Jervois province covers 115 km² – three times the size of the Jervois Copper Project area For personal use only Unca Creek (EL28082) is adjacent to the Jervois Copper Project area and triples the size of KGL’s foothold over the broader Jervoi
Slide 23: Key takeaways
Key takeaways Set to become Australia’s next pure-play copper producer For personal use only Avg. copper production of 30ktpa over LOM (up to 35 – 40ktpa) plus meaningful gold & silver credits Fully permitted and shovel ready 10-year mine life, significantly underpinned by Ore Reserves Highly credib
Slide 24: Appendix – Competent Person Disclosures
For personal use only Appendix – Competent Person Disclosures
Slide 25: Jervois Mineral Resource
Jervois Mineral Resource For personal use only 25
Slide 26: Jervois Ore Reserve
Jervois Ore Reserve For personal use only 26
Slide 27: Competent Persons' Statements
Competent Persons’ Statements The information in this report that relates to the Jervois Mineral Resources Estimates was first released to the market on 25 November 2024 and prepared in accordance with JORC 2012. The company confirms that it is not aware of any new information or data that materia
Slide 28: Competent Persons' Statements
Competent Persons’ Statements The following drill holes were originally reported under the JORC code 2012 on the date indicated in the table. The Company confirms it is not aware of any new information or data that materially affects the information included in the original market announcement and t
Slide 29: Metal Equivalents (JORC Code)
Metal Equivalents (JORC Code) Copper Equivalent basis for Mineral Resource Estimate cut-off calculations. Copper Equivalent uses a copper price of USD $4.90/lb, silver price of USD $32/oz and a gold price of USD $2400/oz, and a Bi penalty of US$1.5/dmt for every For personal use only 100ppm over 120
Slide 30: Forward Looking Statements
Forward Looking Statements This announcement includes certain forward-looking statements. The words “forecast”, “estimate”, “like”, “anticipate”, “project”, “opinion”, “should”, “could”, “may”, “target” and other similar expressions are intended to identify forward looking statements. All For pers