Slide 1: Site Visit Presentation August 2023 – Kainantu Gold Mine
2021 THAYER LINDSLEY AWARD (BEST GLOBAL DISCOVERY) SITE VISIT PRESENTATION • AUGUST 2023 K1 Vein, Kora Deposit Kainantu Gold Mine Papua New Guinea
Slide 2: Forward-Looking and Cautionary Statements
Forward-Looking and Cautionary Statements 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 securities of K92Minin
Slide 3: Corporate Update
Corporate Update John Lewins, CEO and Director
Slide 4: K92 Mining – A Unique Opportunity
K92 Mining – A Unique Opportunity ✓ Rapid, Self-Funded Production Growth AuEq Production & Outlook • Stage 2 expansion completed in late 3Q 2021 to 400,000 tpa • Stage 2A expansion final plant commissioning completed in May/2023 to 470 500,000 tpa • Stage 3 expansion DFS run-rate of 291koz AuEqpa 29
Slide 5: Corporate Structure
Corporate Structure Initial Trade Date May 25th, 2016 Institutional shareholders include (and not limited to): Symbol TSX: KNT, OTCQX: KNTNF, Germany: 92K Avg Daily Volume (12m avg) 0.8 million • 1832 Asset Management • Desjardins • Manulife Capital Structure (as at June/30/2023) • AGF • Donald Smit
Slide 6: Underground Assets
+5mozAuEq Resource, High-Grade Assets (N. America, Australia & Europe Primary Listing) Producer Developer Resource 5.0 - 3.5 g/t 3.4 g/t 3.5 g/t $195/t(1) 4.1 g/t 1.8 g/t 4.0 g/t 4.3 g/t(3) Underground Assets Cut-Off Grade 10.9 g/t 8.4 g/t 9.9 g/t 15.2 g/t 10.8 g/t 9.4 g/t 12.1 g/t 8.3 g/t Resource
Slide 7: Socially Responsible Mining For the Prosperity of Papua New Guinea
Socially Responsible Mining For the Prosperity of Papua New Guinea At K92, we have a strong focus on the prosperity and development of PNG and our host communities through socially responsible mining. We are proud that we: ▪ Currently employ +1,500 people (employees & contractors) ▪ Focus on local h
Slide 8: Generating Long-Term, Sustainable Value For All Our Stakeholders
Generating Long-Term, Sustainable Value For All Our Stakeholders We are proud to: ▪ Advance multiple long-term social and economic development initiatives in PNG including (but not limited to): • Creating business opportunities for local landowner groups through unique Joint Venture Agreements with
Slide 9: 2030 GHG Emissions Reduction Target
2030 GHG Emissions Reduction Target K92 has set a target to reduce Scope 1 and Scope 2 emissions by 25% on a business-as-usual basis by 2030 Kainantu is already one of the lowest-emissions gold mines globally And we are committed to further improving our energy and GHG emissions profile TSX: KNT OTC
Slide 10: Delivering On Our 2030 GHG Emissions Reduction Target
Delivering On Our 2030 GHG Emissions Reduction Target Enhancing access to hydropower from the local grid, combined with other reduction measures, represents a clear pathway to improving our energy and GHG emissions profile and achieving our 2030 target Aerial of Yonki Dam reservoir, which is the pri
Slide 11: Low Emissions Operation – 2022 GHG Emissions Profile
Low Emissions Operation – 2022 GHG Emissions Profile Kainantu 2022 GHG Emissions Inventory – Calculated by WSP Consultants Summary of GHG Emissions By Scope Summary of GHG Emissions By Source K92 is uniquely positioned to improve its emissions profile through enhanced access to renewable hydropower,
Slide 12: Kainantu Mine Geology – May 2017 (Kora North Discovery)
Kainantu Mine Geology – May 2017 (Kora North Discovery) Mine Lease Long Section – Irumafimpa, Kora and Eutompi TSX: KNT OTCQX: KNTNF 12
Slide 13: Long Section from September/2019
Long Section from September/2019 Mine Lease Long Section – Irumafimpa, Kora and Eutompi TSX: KNT 5 drill rigs operating on property (2 surface & 3 underground) OTCQX: KNTNF 13
Slide 14: Current Resource (End of 2021)
Current Resource (End of 2021) TSX: KNT OTCQX: KNTNF Kora became “one big deposit” & New Discovery at Judd Since Last Visit 14
Slide 15: Exploration Target: Kora, Kora South & Kora Deeps
Exploration Target: Kora, Kora South & Kora Deeps Multiple highly prospective exploration fronts being drilled concurrently Kora South from Surface, Kora Deeps Underway from TSX: KNT OTCQX: KNTNF Twin Incline and Kora South Underway from 1205 Level Drill Drive 15
Slide 16: Judd and Judd South Vein System is Very Underexplored
Judd and Judd South Vein System is Very Underexplored 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 TSX: KNT OTCQX: KNTNF Drill Defined Strike Length has Increased +130% since end of 2021 16
Slide 17: Kainantu Mine Strategy – Kora and Judd
Kainantu Mine Strategy – Kora and Judd Stage 2 – Expansion to 400,000 tonnes per annum COMPLETED • Process Plant Commissioned in Q4 2020 • Mine Ramp up to 1,100 tpd completed in Q4 2021 • Production at run rate +120,000 ozs AuEq per annum COMPLETED Stage 2A – Expansion to 500,000 tonnes per annum •
Slide 18: Operational Performance – Since Commercial Production
Operational Performance – Since Commercial Production AuEq Production (koz) and AISC ($/ozAu) Stage 2 Significant Feed Challenging Stoping Expansion Plant Sourced from Lower Area Due to Localized Commissioned Grade Stockpile Geotech Conditions and Due to Short Term 8-Day Mill Downtime COVID-19 and B
Slide 19: Kainantu Mine Execution – Setting Multiple Records
Kainantu Mine Execution – Setting Multiple Records Total Ore Processed (kt) Total Development (m) Total Mined Material (kt) 122kt 2,278m 118kt 118kt 2,221m 2,173m 112kt 109kt 1,887m 100kt 100kt 1,902m 1,826m 88kt 1,683m 1,583m 1,560m 1,544m 1,540m 1,528m 76kt 73kt 69kt 65kt 1,220m 1,174m 1,045m 47kt
Slide 20: Strong Recoveries Following Stage 2A Expansion Completion
Strong Recoveries Following Stage 2A Expansion Completion Gold Copper 95.0% 93.0% 93.0% 92.8% 92.9% 92.4% 91.3% 90.4% 90.5% 89.1% 2022 Average 1Q23 Integrated 2Q23 June '23 2022 Average 1Q23 Integrated 2Q23 June '23 Development Plan Development Plan (IDP) Parameter (IDP) Parameter Completion of Stag
Slide 21: Process Plant Achieved Stage 2 Expansion Throughput
Process Plant Achieved Stage 2 Expansion Throughput Multiple Records Set in Q1 Process Plant Set Multiple New Throughput Records through Q1 Monthly Throughput Record Set in March Well Above Stage 2A Expansion Rate and Prior to Plant Expansion Upgrade (Flotation Cells) TSX: KNT OTCQX: KNTNF 21
Slide 22: Kainantu Integrated Development Plan: Stage 3 DFS & Stage 4 PEA
Kainantu Integrated Development Plan: Stage 3 DFS & Stage 4 PEA Stage 3 DFS Stage 4 PEA • 140% Throughput Increase from Stage 2A Expansion • 240% Throughput Increase from Stage 2A Expansion - New Standalone 1.2 mtpa Stage 3 Plant to 1.7 mtpa (Stage 3 & 2A Plants Both Operating) • Self-Funded, Low Ca
Slide 23: Unit Costs (US$/t)
Significant Cost Compression Towards IDP Unit Costs $300 Integrated Development Plan $250 Unit Costs (US$/t) $200 $150 Keep Placeholder for Financial Results Note – Stage 2A Final Commissioning Complete in May $100 Get the 2020, 2021 and 2022 Average. Then show an arrow with the cost compression. $5
Slide 24: Integrated Development Plan - Capital Costs
Integrated Development Plan - Capital Costs DFS Capital Costs PEA Capital Costs Mining Mining Processing Plant 91% Processing Plant 89% 45% 43% Paste Plant Paste Plant 23% 24% Other Infrastructure Power Station Other Power Station 2% 5% Infrastructure 7% Owner's Costs 2% 2% Power Supply Owner's Cost
Slide 25: Capital Costs – Over Half of IDP Growth Capital De-risked
Capital Costs – Over Half of IDP Growth Capital De-risked Key Points • On July 24th, K92 announced that the Board of Directors have authorized the award of the engineering, procurement, construction and commissioning (“EPC”) Lump Sum Contract for the 1.2 mtpa Stage 3 Expansion Process Plant to GR En
Slide 26: Kainantu Mine – Stage 3 Twin Incline Over 80% Complete
Kainantu Mine – Stage 3 Twin Incline Over 80% Complete Kora-Irumafimpa Planned Twin Incline and Development Long Section (Looking West) Advance at end of July; 2023 (2,539m)1 Twin incline sized for up to 5mtpa with conveyors TSX: KNT Providing long-term flexibility to expand the operation further OT
Slide 27: Gold Price Sensitivity Analysis
Gold Price Sensitivity Analysis After Tax Net Present Value5% – Sensitivity Analysis $1,125m $990m $855m $721m Stage 3 DFS $586m $451m $1,400 / oz Au $1,600 / oz Au $1,800 / oz Au $2,000 / oz Au $2,200 / oz Au $2,400 / oz Au $2.3bn $2.1bn $1.8bn $1.6bn Stage 4 PEA $1.3bn $1.1bn $1,400 / oz Au $1,600
Slide 28: Multiple High Priority Near-Mine Targets
Multiple High Priority Near-Mine Targets Kora & Kora Deeps 1 • • ~20% of original resource target area not yet drilled Kora open to depth and along strike Kora South & Judd South 2 • • Structure extends +1km beyond mining lease Outcrop and historical mining, previously undrilled Judd 3 • • Subparall
Slide 29: Exploration Targets Summary
Exploration Targets Summary Porphyry Targets / Deposits High Grade Vein System Targets / Deposits • Tankaunan • Irumafimpa Extension • Kokofimpa (Kokomo) • Timpa • Kora • A1 (Headwaters) • Kora South • Blue Lake • Judd • Efontera • Judd South • Kathnell • Karempe • Yompossa (Yanabo) • Maniape • Aifu
Slide 30: In Conclusion, K92 remains focused on Expansion
In Conclusion, K92 remains focused on… EXPANSION, EXPANSION AND MORE EXPANSION! Underground Drill Rig Operating at 1205 Level Southern Drill Drive Drill Rig at Kora New Equipment Operating and Judd South TSX: KNT in Twin Incline OTCQX: KNTNF 30
Slide 31: Dr. Chris Muller, Vice President Exploration
ratio Dr. Chris Muller, Vice President Exploration
Slide 32: Kainantu Project Area
Kainantu Project Area New Guinea Major Mineral Deposits Regional Geology Kainantu is situated in one of the most prospective geologic districts TSX: KNT in Papua New Guinea and the World OTCQX: KNTNF 32
Slide 33: Kainantu Project Area
Kainantu Project Area Exceptionally Well-Endowed District • Combined Eastern Highlands and Morobe Provinces contain in excess of 100 Million ounces gold equivalent • Two active mines and multiple large gold or gold-copper deposits • Deposits localized at or near to intersections of west-north-west a
Slide 34: Kainantu Project Area
Kainantu Project Area Large 836.8km2 land package • EL470 – 98.21 km2 (27.17 sub-blocks) • EL693 – 95.61 km2 (27.99 sub-blocks) • EL1341 – 146.85 km2 (43 sub-blocks) • EL2619 – 159.70 km2 (47 sub-blocks) • EL2620 – 200.52 km2 (59 sub-blocks) • ELA2753 – 135.91 km2 (40 sub-blocks) Large land package
Slide 35: Exploration Targets Overview – Two Focuses: Vein and Porphyries
Exploration Targets Overview – Two Focuses: Vein and Porphyries Porphyry Targets / Deposits Epithermal Targets / Deposits • Tankaunan • Irumafimpa Extension • Kokofimpa (Kokomo) • Timpa • Kora • A1 (Headwaters) • Kora South • Blue Lake • Judd • Efontera • Judd South • Kathnell • Karempe • Yompossa (
Slide 36: Aerial Tour of Sites
Aerial Tour of Sites 1 Helipad 2 Mine Portal (800) 3 Mine Portal (1300) 4 Kora Lode 5 Bafo (highest point) 6 Blue Lake Porphyry 7 A1 8 Tankaunan 9 Maniape / Arakompa 10 Tailings Storage Facility 11 Kumian Camp TSX: KNT OTCQX: KNTNF 36
Slide 37: Highlights and Forecast – last 12 months
Highlights and Forecast – last 12 months Milestones Outlook • Expanded known extent of Kora and Judd lodes well into • Define new, updated resource for both Kora and Judd, EL470 though systematic drilling from surface, of K1, K2, informed by drilling since December, 2021. KLS, J1, J2 and associated
Slide 38: Kora South and Judd South
Kora South and Judd South TSX: KNT K92 is the first company to drill Kora South and Judd South OTCQX: KNTNF 38
Slide 39: Kora South and Judd South Drill Program
Kora South and Judd South Drill Program Ongoing Expanding Drill Program • 100 m spaced pierce points (K2) for inferred resource. ML150 • Drill testing Kora (K1, K2) and Judd (J1, J2) on step out sections to delineate. • Focus has been on defining magnitude to strike potential by “bridging gap” to A1
Slide 40: Kora South and Judd South Mineralization Style
Kora South and Judd South Mineralization Style KUDD0002: 383.2m_bornite-cpy_0.97Au_22.18Cu KUDD0002: 383.4m_bornite-cpy_2.62Au_22.17Cu KUDD0002: 384.2m_massive-cpy_2.62Au_22.17Cu Mineralization Style is very similar to Kora and Judd, TSX: KNT OTCQX: KNTNF with some holes delivering massive copper in
Slide 41: Latest Drilling Results Judd-Judd South – J1 Vein
Latest Drilling Results Judd-Judd South – J1 Vein (August 15, 2023) Key Facts • All holes intersected mineralization • Drilling since Judd Resource (Dec 31, 2021 effective date) has extended the known strike length of the Judd-Judd South Vein system by +130%. • Multiple +1 ounce per tonne intersecti
Slide 42: Latest Drilling Results Kora-Kora South – K2 Vein
Latest Drilling Results Kora-Kora South – K2 Vein (August 15, 2023) Key Facts • All holes intersected mineralization • Multiple high-grade intersections within Kora-Kora South including high- grade bulge in thickness over ~100 m vertical from 3 holes recording: • KMDD0565 – 28.05 m at 15.45 g/t AuEq
Slide 43: Copper Grade Tenor Increasing to the South towards A1 Porphyry
Copper Grade Tenor Increasing to the South towards A1 Porphyry K2 Vein Copper Grade (%) Long-Section (Looking West) TSX: KNT OTCQX: KNTNF Kora South/Judd South Drill Drive Well Established for Step-Out Drilling 43
Slide 44: Latest Drilling Results Kora-Kora South – K1 Vein
Latest Drilling Results Kora-Kora South – K1 Vein (August 15, 2023) Key Facts • All holes intersected mineralization • Multiple high-grade intersections within Kora-Kora South • KMDD0470A – 4.44 m at 21.42 g/t AuEq (3.13 m true thickness) • KMDD0566 – 3.04 m at 16.87 g/t AuEq (2.30 m true thickness)
Slide 45: Judd-Judd South – J2 Vein
Judd-Judd South – J2 Vein (August 15, 2023) Key Facts • Limited J2 drilling results in latest press release as other veins a greater focus for underground and surface drilling • In the May/2023 drilling results, a high-grade zone discovered at the J2 Vein to the South, with multiple high-grade inter
Slide 46: Dilatant Zones – Potential Endowment Multiplier
Dilatant Zones – Potential Endowment Multiplier Unique Mineralization Style with High Potential • Mineralization styles at Kora South and Judd South are similar to Kora and Judd • A potentially unique element to Kora South & Judd South is the occurrence of dilatant zones • Dilatant zones are broad w
Slide 47: Kora South is Open & Could Be Very Exciting As We Get Closer to A1
Kora South is Open & Could Be Very Exciting As We Get Closer to A1 Surface Surface Targeting Targeting Limited Deeper Target Drilling from Surface (UG Focused) Proximity to large Porphyry & Converging Structural Environment = Highly Prospective TSX: KNT OTCQX: KNTNF Current Resource Base Potentially
Slide 48: Judd South Also Looks Very Exciting Towards A1
Judd South Also Looks Very Exciting Towards A1 Surface Targeting Surface Targeting Surface Targeting Limited Deeper Targeted Drilling from Surface (UG Focused) Judd-Judd South is Wide Open up/down-dip & along strike to Expand Endowment TSX: KNT OTCQX: KNTNF Surface Sampling Program at A1 Underway 48
Slide 49: Exploration Target: Karempe
Exploration Target: Karempe Karempe Vein Key Facts • 2 km strike length as determined from surface mapping, open ended at both northern and southern extents. • Structural corridor contains at least five distinct lodes (K1 – K5) that can be traced across widely spaced (100m) drill traces. • Lodes are
Slide 50: Exploration Target: Karempe
Exploration Target: Karempe Minerology • Massive sulphide and crystalline quartz lodes, as at Kora and Judd. • Mineralisation essentially all hosted in intrusives, as opposed to metasediments as in Kora and Judd. KRDD0006: Tray86_300.06-303.70m KRDD0005: 239.7m KRDD0005: Tray69_237.30-240.83m TSX: K
Slide 51: Exploration Target: Karempe
Exploration Target: Karempe Karempe Drill Pad Rugged Terrain results in limited suitable surface drill access TSX: KNT OTCQX: KNTNF 5 Veins Intersected with Two Veins Delivering Strong Results 51
Slide 52: Exploration Target: Arakompa and Maniape
Exploration Target: Arakompa and Maniape Arakompa and Maniape Veins Key Facts • Arakompa – ~1000m strike and known vertical of 320m (open at depth) • Significant number of high-grade, +15g/tAu intersections • Historic resource of 798koz at 9.0g/tAu • Maniape – ~1100m strike & 220m known vertical • 1
Slide 53: Blue Lake Porphyry
Blue Lake Porphyry 5th Largest Mineralized Porphyry in Papua New Guinea TSX: KNT OTCQX: KNTNF K92 Greenfields Discovery 53
Slide 54: Blue Lake Porphyry
Blue Lake Porphyry Resource Definition • Completed 200m spaced grid for inferred resource category • Target Au-rich potassic core • Expand porphyry shell down long axis KTDD0018: 836.29 - 839.87m; sericite overprinting biotite, disseminated mag-cpy, laminated-qtz-mag-cpy-vns. Part of 200 m interval
Slide 55: Blue Lake Porphyry – Drill Plan
Blue Lake Porphyry – Drill Plan Resource Definition • Drilled across the strike of the main intrusive complex • Maiden inferred resource completed in August 2022 • 43-101 instrument lodged for Blue Lake Porphyry in September, 2022 Highly efficient exploration program moving from field mapping/surfac
Slide 56: Blue Lake Porphyry – Drill Core
Blue Lake Porphyry – Drill Core KTDD0018_812.8m_ser-overprinting-biot_dissem-mag-cpy_laminated-qtz-mag-cpy- KTDD0018_842.4m_biotite-sericite-mag-cpy_0.57Au_0.36Cu vns_PET-005_1.40Au_0.43Cu KTDD0018_845.2m_strong-qtz-mag-cpy_ser-poss-chl-overprint_0.41Au_0.30Cu KTDD0018_892.5m_biotite_ser-overprint_s
Slide 57: Blue Lake Porphyry – Geological Model
Blue Lake Porphyry – Geological Model Lithological Model Alteration Model Stockwork Vein Model Open Open Open Open Open Open Open Open Open TSX: KNT Prospective lithology, alteration and stockwork vein model open to depth OTCQX: KNTNF 57
Slide 58: 10.8 moz Maiden Blue Lake Maiden Resource (August 2022)
10.8 moz Maiden Blue Lake Maiden Resource (August 2022) Blue Lake Resource Summary (August/2022) Large 10.8 moz AuEq / 4.7 mlbs CuEq Tonnes Gold Silver Copper Gold Equivalent Copper Equivalent Inferred Resource mt g/t moz g/t moz % Blb g/t moz % Blb Blue Lake Inferred 549 0.21 3.7 2.42 43.0 0.23 2.9
Slide 59: Blue Lake Porphyry – Summary & Forward Program
Blue Lake Porphyry – Summary & Forward Program • The maiden drill hole, KTDD0001, intersected porphyry • Mineralisation is approximately equal Au:Cu, with a mineralization, yielding 174.6m @ 0.64 g/t AuEq (0.28 g/t particularly Au-rich core, which is open to south-east. Au, 0.22 % Cu). • Very clean,
Slide 60: Geophysics – Integrated (ML150, EL470)
Geophysics – Integrated (ML150, EL470) Key Facts • Conductive zones contours (86 Hz) over the geology and known mineralization, geochemical anomalies, porphyry and vein targets • Impressive correlation of known deposits, both veins and porphyries with conductivity. • Conductivity implies continuatio
Slide 61: A1 Prospect
A1 Prospect Globally Significant Target • Porphyry-style alteration & mineralization • Part of 7 x 2 km Clay-Alunite-Sericite-Silica Lithocap • Pyrite-enargite mineralised polymictic hydrothermal breccias • ‘Fertile’ Elandora intrusions at major structural intersection • Proximal to Irumafimpa-Kora-
Slide 62: A1 Prospect – exceptionally large, pronounced Cu anomaly
A1 Prospect – exceptionally large, pronounced Cu anomaly CM: Add another slide or two TSX: KNT OTCQX: KNTNF 62
Slide 63: Geochemistry – Defining Regional Anomalies
Geochemistry – Defining Regional Anomalies Yarr Tree Prospect (EL470 / EL2619) Yarr Tree Prospect – Yet another Cu-Au Porphyry Target TSX: KNT OTCQX: KNTNF 63
Slide 64: Maturity & Ranking
Maturity & Ranking Operations Resource Potential (Au equiv.) 3 year plan – Kora- +0.5 Moz move all up, or out Kora Judd- +1 Moz Feasibility South Judd South +3 Moz Pre-Feasibility Arakompa +5 Moz Maniape Concept Kotampa +10 Moz Reserve Definition (Blue Lake) Advanced Karempa Accessibility Target Efo
Slide 65: 4.6m True Thickness at 116.49g/t Au – K1 Vein, Kora Deposit
4.6m True Thickness at 116.49g/t Au, 17g/t Ag, 0.96% Cu K1 Vein, Kora Deposit Kainantu Gold Mine
Slide 66: Active Lodes and Locations Underground
Active Lodes and Locations Underground Kora-Judd workings 950m Irumafimpa workings N Kora Lodes 350m Irumafimpa Lodes from Projection & Workings 800 Incline J1 Twin Inclines (840) Twin portals 200m Kora a major focus since 2H 2017 TSX: KNT OTCQX: KNTNF Judd a priority after discovering high-grade un
Slide 67: Deposit Geology Overview
Deposit Geology Overview The Kora – Irumafimpa – Judd lode system sits within a 200m wide structural corridor containing sheared zones of mineralisation over several kilometres in strike length, trending north-south, cutting through predominantly metamorphic phyllite/low grade schist of the Bena Ben
Slide 68: Vein Mineralization Styles – Kora and Judd
Vein Mineralization Styles – Kora and Judd Styles of Kora and Judd Mineralization • a) Banded quartz sulphide, • b) Vuggy quartz sulphide, • c) Quartz- Massive sulphide, • d) Brecciated quartz- massive sulphide, • e) Brecciated quartz sulphide, • f) Polyphasal quartz vein breccia, • g) Cockade quart
Slide 69: Kora Lodes Mineralization Styles – continued
Kora Lodes Mineralization Styles – continued...(DDH Core) K1 Lode mineralisation K1 Lode KMDD0022 KMDD0086 From 14.6m to15.2m From 50.00 to 51.6m Vuggy quartz sulphides Brecciated quartz sulphides • Py > Cpy • Py > Cpy 0.6m @ 1.19m @ • 22.55ppm Au • 46ppm Au • 5.1ppm Ag • 6ppm Ag • 0.07 % Cu • 0.16
Slide 70: Lode Intercept Geology (K1 – KMDD0383)
Lode Intercept Geology (K1 – KMDD0383) Width (m) Au_ppm Ag_ppm Cu_% Au Eq • Overprinting, quartz, • Massive sulphides (pyrite- 4.06 105.96 11 0.60 106.98 sulphides hydrothermal chalcopyrite veining) brecciated veining TSX: KNT OTCQX: KNTNF 70
Slide 71: Lode Intercept Geology (K2 – KMDD0147)
Lode Intercept Geology (K2 – KMDD0147) Width (m) Au_ppm Ag_ppm Cu_% Au Eq 6.44 107.55 103 1.50 111.15 • Hydrothermal brecciated quartz-sulphides veins • Massive sulphides (pyrite- chalcopyrite sheeted veining) TSX: KNT OTCQX: KNTNF 71
Slide 72: Lode Geology (K2 – KMDD0177)
Lode Geology (K2 – KMDD0177) KMDD0177 Drill Core Intersecting Massive Bornite Mineralization From 196.4m to 211m Massive sulphides (pyrite-chalcopyrite-bornite) veining/mineralization hosted within a wider intercept zone of brecciated quartz-sulphides veining. 6.12m TW@ • 5.96ppm Au, 35ppm Ag, 3.32
Slide 73: Lode Intercept Geology (J1 – JDD0006)
Lode Intercept Geology (J1 – JDD0006) Width (m) Au_ppm Ag_ppm Cu_% Au Eq 5.30 256.09 112.9 0.42 257.94 • Cockade, brecciated quartz- carbonate veins. • Associated with milled brecciation. • Localized banded texture. • Disseminated sulphides (pyrite –chalcopyrite mineralization) • Sulphides (pyrite-c
Slide 74: Lode Geology – J1
Lode Geology – J1 • Same mineralization styles • Same mineral assemblage • Variations in sulphides mineralization intensity JDD0106 From 293m to 294m mod vuggy , brecciated quartz-sulphides (pyrite-chalcopyrite ) vein 0.42m TW @ • 43.31ppm Au • 6ppm Ag • 0.11 % Cu JDD0063 From 102.99m to 103.97m Mod
Slide 75: Development Face Geology – J1 example (1285 Level)
Development Face Geology – J1 example (1285 Level) 5.2m at 13.48 g/t Au, 25 g/t Ag, 2.34% Cu (17.55 g/t AuEq) Late sulphides (pyrite -chalcopyrite mineralization overprinting brecciated quartz veining) TSX: KNT OTCQX: KNTNF 75
Slide 76: Development Face Geology – J1 another example (1235 Level)
Development Face Geology – J1 another example (1235 Level) 5.2m at 13.48 g/t Au, 25 g/t Ag, 2.34% Cu (17.55 g/t AuEq) TSX: KNT OTCQX: KNTNF 5.5 m at 109.54 g/t AuEq 76
Slide 77: Drilling and Resource Growth
Drilling and Resource Growth • Currently running 6 diamond drill rigs underground (1 x LM110 and 5x LM90) – All owned and operated by K92 Mining Ltd. • Drilling metres achieved steadily increasing over the last 4 years. Drill rigs are being replaced as opposed to rebuilds. • FY2023 Drilling target:
Slide 78: Drilling Coverage to Date
Drilling Coverage to Date Kora Resource KORA-KORA SOUTH outlines (K1 & K2) (SURFACE) IRUMAFIMPA SOUTH KORA DEEPS KORA DEEPS NORTHERN DEEPS TSX: KNT OTCQX: KNTNF Kora is open to the South, Down Dip at Depth Northern Deeps is a new exploration front 78
Slide 79: Kainantu Mine Geology – Kora: Oct/2021, Judd: Dec/2021
Kainantu Mine Geology – Kora: Oct/2021, Judd: Dec/2021 (Latest Resource) TSX: KNT OTCQX: KNTNF 79
Slide 80: Kora Deeps, Northern Deeps (Irumafimpa) Immediate Drill Targets
Kora Deeps, Northern Deeps (Irumafimpa) Immediate Drill Targets Exploration has potentially only uncovered the “tip of the iceberg” TSX: KNT Twin incline to provide a big boost to exploration at depth OTCQX: KNTNF 80
Slide 81: Judd (South, Deeps, Upper North) Long-Term Drill Targets
Judd (South, Deeps, Upper North) Long-Term Drill Targets Judd is Sparsely Drilled, Has at Least 4 Known Veins and Open in All Directions TSX: KNT Drill Defined Strike Length has Increased +130% Since Judd Resource OTCQX: KNTNF 81
Slide 82: Kora Resource Cross Section
Kora Resource Cross Section Key Points 58900mN Cross Section (Looking North) • K1 and K2 are persistent along strike and dip AuEq Grade • Represent ~94% of the Kora resource 0 to 0.5 g/t • Excellent geometries for mining 0.5 to 1 g/t 1 to 2.5 g/t • High hit rates for both thickness and grade from dr
Slide 83: K1 and K2 Face Sample Intercept 1185 Level
K1 and K2 Face Sample Intercept 1185 Level • Face sample lengths across the lode and ore drives • Sampling demonstrates consistent grade continuity along ore drive strike length • AuEq: Au=US$1,600/oz, Cu=US$3.75/lb, Ag=US$20/oz. AuEq= Au g/t + (Ag g/t * 0.0125) + (Cu% * 1.607) Face intercept AuEq (
Slide 84: J1 Lode: 1265 Level Face Samples – AuEq g/t
J1 Lode: 1265 Level Face Samples – AuEq g/t J1 Intercept Segments Face intercept AuEq (g/t) TSX: KNT OTCQX: KNTNF 84
Slide 85: Kora Independent Resource Estimate
Kora Independent Resource Estimate Kora Deposit Resource Summary (October 31/2021) Tonnes Gold Silver Copper Gold Equivalent mt g/t moz g/t moz % kt g/t moz Kora Deposit Measured 2.8 9.1 0.8 16 1.4 0.9 24 10.5 1.0 Indicated 4.4 6.7 0.9 20 2.8 1.0 42 8.4 1.2 Measured & Indicated 7.2 7.6 1.8 18 4.3 0.
Slide 86: Kora High Grade Operational Flexibility is Strong
Kora High Grade Operational Flexibility is Strong Kora Resource Sensitivity Table Measured and Indicated Inferred Au Cut Off Grade Tonnes Gold Silver Copper Gold Equivalent Tonnes Gold Silver Copper Gold Equivalent g/t Mt g/t Moz g/t Moz % Kt g/t Moz Mt g/t Moz g/t Moz % Kt g/t Moz 1.75 7.2 7.62 1.8
Slide 87: Judd Independent Resource Estimate
Judd Independent Resource Estimate Judd Deposit Resource Summary (December 31/2021) Tonnes Gold Silver Copper Gold Equivalent mt g/t moz g/t moz % kt g/t moz Judd Deposit Measured 0.22 11.3 0.08 20 0.1 0.7 2 12.6 0.09 Indicated 0.15 7.5 0.04 14 0.1 0.8 1 8.8 0.04 Measured & Indicated 0.38 9.7 0.12 1
Slide 88: Judd Also Has High Grade Flexibility
Judd Also Has High Grade Flexibility Judd Measured and Indicated Inferred Au Cut Off Grade Tonnes Gold Silver Copper Gold Equivalent Tonnes Gold Silver Copper Gold Equivalent g/t Mt g/t Moz g/t Moz % Kt g/t Moz Mt g/t Moz g/t Moz % Kt g/t Moz 1.75 0.4 9.70 0.12 18 0.2 0.74 2.8 11.00 0.13 1.0 4.24 0.
Slide 89: Kora K1 & K2 Vein Resource Long-Sections
Kora K1 & K2 Vein Resource Long-Sections – 1.75 g/t Au Cut-Off K1 Vein (1.75 g/t Au Cut-off, Looking West) K2 Vein (1.75 g/t Au Cut-off, Looking West) 200 m 200 m 200 m 200 m Open Open AuEq Grade 1.75 to 2.5 g/t 2.5 to 5 g/t 5 to 15 g/t +15 g/t Open Open TSX: KNT Significant High-Grade Zones Vertica
Slide 90: Judd Resource Long-Sections
Judd Resource Long-Sections J1 Vein (1.75 g/t Au Cut-off, Looking West) J1 Vein (5 g/t Au Cut-off, Looking West) 200 m 200 m 200 m 200 m Open Open Open AuEq Grade 1.75 to 2.5 g/t 2.5 to 5 g/t 5 to 15 g/t +15 g/t Open TSX: KNT OTCQX: KNTNF Judd deposit is open in all directions 90
Slide 91: Resource Growth – Kora
Resource Growth – Kora Key Points 840 Incline J1 J4 • Highly Prospective: K1, K2 Lodes, Kora Link & Judd Projections North and South of MRE K1/M6 800 Incline • Kora South: K2 prominent structure thickens and merges with Kora Link in the MRE. K1 & K2 projected from PROJECTION NORTH FROM EQUIVALENTLOD
Slide 92: Resource Growth – Judd
Resource Growth – Judd Key Points 840 Incline J1 J4 • Highly Prospective: J1 to J4 Projections North and South of MRE the Judd corridor under explored K1/M6 800 Incline • Judd South: indications of dilation zone plunge, highlighted by KUDD0001, 0002, 0025 & JDD0126 more drilling PROJECTION NORTH FRO
Slide 93: Continued Resource Growth – Near Mine Underground Drill Testing
Continued Resource Growth – Near Mine Underground Drill Testing Kora Resource SOUTH KORA outlines (K1 & K2) (SURFACE) SOUTH KORA DEEPS 120DDC10 120DDC8 Rig at xc17 840 Incline KORA DEEPS Rig at xc16 Extend Targeting access to platforms progresses South TSX: KNT OTCQX: KNTNF 93
Slide 94: Mining Operations
Mining Operations Dave D’Antonio - Mine Technical Services Manager Chris Kinver - Director Kora —
Slide 95: K92 Mining Physicals – Historical Performance
K92 Mining Physicals – Historical Performance Q2-2023 Ore Tonnes to Surface (t) - Quarterly Q2-2023 Total Tonnes Mined (t) - Quarterly 140,000 300,000 120,000 250,000 100,000 200,000 Tonnes Tonnes 80,000 150,000 60,000 100,000 40,000 20,000 50,000 0 0 Development Ore Stope Ore 4-Qtr avg. Waste to BF
Slide 96: Kainantu Mine – Latest Asbuilt (EOM July 2023)
Kainantu Mine – Latest Asbuilt (EOMJuly 2023) 1340mRL Old Workings 1205_FWD_S 1110mRL Twin Incline Advance Twin Incline Incline #2 = 2,174m Incline #3 = 2,231m TSX: KNT OTCQX: KNTNF 96
Slide 97: Mine Design – PEA LOM Longsection
Mine Design – PEA LOM Longsection (EOM July 2023) Return Air Rise Asbuilt KORA JUDD New Puma Incline Old Workings Twin Incline Orepass Fresh Air Rise TSX: KNT OTCQX: KNTNF 97 Fresh Air Rise
Slide 98: Mine Design – PEA LOM Animation
Mine Design – PEA LOM Animation 98 Old Workings Twin Incline TSX: KNT OTCQX: KNTNF 98
Slide 99: Mine Design – Typical Level Layout
Mine Design – Typical Level Layout Ore Drives 5.0mW x 5.0mH I:50 up Footwall Drive 5.5mW x 5.5mH I:50 up Incline Asbuilt 5.5mW x 5.5mH I:7 up / down K1 25.0m Radius K2 Judd TSX: KNT OTCQX: KNTNF 99
Slide 100: Stoping Parameters
Stoping Parameters Stoping Parameters – By Lode Stoping Parameters – By Mining Method LHOS with Stoping Parameter AVOCA ody Parameters Orebody Hangingwall Hangingwall Parameters Footwall Footwall Pastefill COG (g/t Au Eq.) 4.5 4.5 Max Strike Length Max Strike16 m Length 20 m 16 20 m Minimum Mining W
Slide 101: Stoping Parameters
Stoping Parameters Stope Width Distribution Stope Tonnes Distribution Average Stope Width = 5.5m Average Stope Dilution = 20% TSX: KNT OTCQX: KNTNF 101
Slide 102: Mining Method – Avoca
Mining Method – Avoca Step 1: Establish Top and Bottom ore drives and crosscuts on both sides (Bogging drive will be on Backfill 20m Charging top of previously backfilled Access Access stopes) Step 2: Drill out the entire panel of stopes as UH or DH (120m) Stope 1 Stope 2 Stope 3 Stope 4 15m Stope 1
Slide 103: Mining Method – LHOS with Pastefill
Mining Method – LHOS with Pastefill Step 1: Establish Top and Bottom ore drives (only single access is required) Pastefill line Charging Step 2: Drill out the entire panel 20m of stopes or a single stope + 3 SLOT 1 Access rings. Step 3: Blast the initial slot rise, and production rings for stope 1 (
Slide 104: Mining Method – Pastefill vs AVOCA
Mining Method – Pastefill vs AVOCA ADVANTAGES DISADVANTAGES 1. Increased Recovery 1. Increased Cost o Enables Mining vertically in both directions - BOTTOM UP and TOP o Large Capital Cost to build the pastefill plant DOWN (reduces sill pillar sterilization) o Increased Operating cost per m3 versus w
Slide 105: Production Ramp up – Key Drivers
Production Ramp up – Key Drivers SHORT-TERM o Arrival of additional Mobile Equipment o Completion of PUMA vent Drive (Q1-2023) o Improved Materials Handling ▪ Ore / Waste pass system • Interim Waste Pass system recently established between 1325 – 1225L • Reduced Haulage Distance - TKM requirements •
Slide 106: PEA Mobile Fleet Requirements
PEA Mobile Fleet Requirements Current Next Peak LOM Equipment Model Fleet 12-months Requirements Trucks Sandvik TH-545i (45t) 7 1 9 Loaders Sandvik 517i (7.0m3) 6 1 10 Jumbos Sandvik DD-421 6 2 8 Production Drills Sandvik DL-421 2 - 3 Cable Bolter Sandvik DS-421 1 - 2 UG Raisebore Sandvik Rhino 100
Slide 107: Life of Mine Ventilation Strategy
Life of Mine Ventilation Strategy o The mine is currently drawing 115m3/s of fresh air from the KORA Incline. The air is exhausted via the Puma Incline via (3) 132kW primary fans located at 1185L. o A new 6.0mW x 6.0mH Twin Puma Vent Drive (PVD) is being developed (~1,300m) to reduce the mines resis
Slide 108: Materials Handling Upgrade
Materials Handling Upgrade Asbuilt KORA JUDD Old Workings Orepass TSX: KNT - Significant Increase in Truck & Loader Productivity OTCQX: KNTNF 108 - Significant reduction in TKM truck requirement Fresh Air Rise
Slide 109: Significant Raise boring Capabilities Being Acquired
Significant Raise boring Capabilities Being Acquired Herrenknecht RBR 400 Large Raisebore Epiroc Easer L TSX: KNT OTCQX: KNTNF 109 Fresh Air Rise
Slide 110: First Raise Bore Ready to Ship
First Raise Bore Ready to Ship Acquired Herrenknecht RBR 400 Large Raisebore Being Manufactured TSX: KNT OTCQX: KNTNF Now Ready to Ship 110 Fresh Air Rise
Slide 111: Drill & Blast
Drill & Blast Drilling • Longhole Rig – Sandvik DL-421 (Horseshoe Rig) • Hole sizes range from 89mm to 200mm Example Ring Design • Production Stoping utilizes both Upholes and Downholes • Longhole Rises (Pattern shown on the bottom right) Example Longhole Rise Pattern • Up to 15.0m length are fired
Slide 112: Drill & Blast
Drill & Blast Blasting • Bulk Emulsion is used for both Development and Production. • ANFO is kept onsite in small quantities as a backup. • 410 Gasser used for standard holes • 406 Gasser used for perimeter blasting and HW holes (Low density) • Nonel Dets are used for Development headings • Electro
Slide 113: Hydrology - Dewatering
Hydrology - Dewatering Primary Pumping • The Underground dewatering strategy uses gravity to its advantage with the 800 Portal being at a lower elevation than the deposit. • For levels above 1185L, mine water is collected via secondary pumping on levels and sent to a central sump at 1185L. From here
Slide 114: Hydrology - Dewatering
Hydrology - Dewatering Primary Pumping • A Triple WT114 mono pump station is currently being installed at 1130L to pump water up to the 1185L. This pump station will travel down as mining progresses at depth. • 3x110kW Pumps have a duty of 80m Static Head with a flowrate of 100L/s • Go Live Oct 2023
Slide 115: Secondary Egress
Secondary Egress Egress and Escapeways • The PUMA incline provides a secondary means of egress from the mine (1325 Puma Portal). • Once the Twin Incline is connected to the main Decline (2024) it will provide a tertiary means of egress from the mine. • In addition to the main travel ways, 1.1m Diame
Slide 116: Technology – Site Wide Communication System Upgrade
Technology – Site Wide Communication System Upgrade 3-Stage Communication System Upgrade 1. Surface Communication Upgrade 2. Underground Fibre Optic Backbone 3. Proximity Awareness System (PAS) TSX: KNT OTCQX: KNTNF 116
Slide 117: Technology – Site Wide Communication System Upgrade
Technology – Site Wide Communication System Upgrade 1. Surface Communication Upgrade o 45m Comms Tower o PTP Antennas to Link Kumian Camp, 1400 Camp and 800 Portal o System upgrade has been completed TSX: KNT OTCQX: KNTNF 117
Slide 118: Technology – Site Wide Communication System Upgrade
Technology – Site Wide Communication System Upgrade 2. UG Fibre Optic Network Benefits o Fibre optic backbone with a Leaky feeder and nodes o Link all surface communication system with UG o Personnel tag readers & RFID o Live location of personnel and equipment o Data available throughout the UG min
Slide 119: Technology – Site Wide Communication System Upgrade
Technology – Site Wide Communication System Upgrade 3. Proximity Awareness System (PAS) o Collision avoidance technology o Onboard module – dashboard mounted o Installed on all Trucks and Light vehicles o Personnel tags will communicate with vehicles TSX: KNT OTCQX: KNTNF 119
Slide 120: Technology – Tele Remote Bogging
Technology – Tele Remote Bogging Sandvik Automine • Automine is an automation system which enables operators to remotely control underground loaders. • (2) of our Sandvik 517i Loaders have been outfitted with AUTOMINE. • Previously inaccessible material - material that is beyond the stope brow - can
Slide 121: Technology – LIDAR Mapping
Technology – LIDAR Mapping Emesent Hovermap Underground TSX: KNT OTCQX: KNTNF 121
Slide 122: Technology - LIDAR
Technology - LIDAR LIDAR Scanning • EMESENT HOVERMAP was purchased in Q3 2022 • The Hovermap unit will be used for both surface and UG scans • Allows for autonomous flying in GPS denied areas (live 3D streaming to tablet) • Vastly superior results vs tradition CMS scans • 2.2M points per second • Un
Slide 123: Technology – C-ALS Unit
Technology – C-ALS Unit o C-ALS unique 50mm diameter CMS Unit for underground mapping o Sleek design allows the CMS unit to fit in boreholes as small as 60mm o Remote control system with tablet allows you to view scanning results in minutes without having to go to surface. o Improves safety and work
Slide 124: Technology – Boretrak Gyroscope
Technology – Boretrak Gyroscope • Carlson Boretrak2 is a borehole deviation tool • Utilizes a miniature inertial measurement unit (IMU) which contains a triaxial accelerometer, magnetometer and gyro. • Record and visualize 3D drill hole data to generate reports comparing ACTUAL vs DESIGN • Can be us
Slide 125: Underground Visitors Tour
Underground Visitors Tour TSX: KNT OTCQX: KNTNF 125
Slide 126: Kainantu Process Plant (Stage 2A)
Kainantu Process Plant (Stage 2A)
Slide 127: Kainantu Mineral Processing – Key Processing Achievements
Kainantu Mineral Processing – Key Processing Achievements Process Plant – Key Achievements Milled Tonnes (t) - Yearly • Tonnes processed has increased significantly year on year despite covid. 500,000 448,087 • YTD throughput rate ~64 tph 400,000 2023-H1 Physicals 336,221 • Tonnes milled: 230,375kt
Slide 128: Kainantu Mineral Processing – Key Processing Achievements
Kainantu Mineral Processing – Key Processing Achievements Debottlenecking from 2021 to Date Total Mill Throughput (kt) • Crushing • Improved performance of new Grizzley 122kt 118kt 118kt • Second TC1000 installed and commissioned for 100% redundancy. 112kt 109kt • All conveyor drives upgraded to fac
Slide 129: Process Plant Achieved Stage 2 Expansion Throughput
Process Plant Achieved Stage 2 Expansion Throughput Multiple Records Set in Q1 Process Plant Is Continuing to Set New Throughput Records through Q1 Stage 2A Expansion Already Achieved Ahead of Final Plant Upgrade (Flotation Cells) TSX: KNT OTCQX: KNTNF 129
Slide 130: Kainantu Mineral Processing – Key Processing Achievements
Kainantu Mineral Processing – Key Processing Achievements Debottlenecking from 2021 to Date Cleaner Floatation Cells Concentrate Tonnes - Yearly • Milling, Flotation and Filtration 25,000 • Reinstated all auto control valves and control 20,321 loops. 20,000 • Upgrade all level control valves to the
Slide 131: Kainantu Mineral Processing – Current Plant
Kainantu Mineral Processing – Current Plant Process Plant – Flow Diagram • Significant work done in the crushing circuit. • Grizzly, secondary crushers, motor size upgrade and soft start drives. • Stabilized milling and flotation circuits. • Auto control and valving for both water addition in mill a
Slide 132: Kainantu Mineral Processing – Next Step for Current Plant
Kainantu Mineral Processing – Next Step for Current Plant Process Plant – Further Upgrades • Milling and Flotation • Recommission the scrubber, intent is that material bypass the milling step and hence improve throughput rates. • Invest in advanced float control system – Float star from Process IQ.
Slide 133: Recoveries Remain Strong, Boost to Recoveries Expected Near-Term
Recoveries Remain Strong, Boost to Recoveries Expected Near-Term Process Plant Performance Since Commercial Production Stage 2 Significant Feed Challenging Stoping Expansion Plant Sourced from Lower Area Due to Localized Commissioned Grade Stockpile Geotech Conditions and Due to Short Term 8-Day Mil
Slide 134: Producing and Selling Dore Bars Since 2Q 2022
Producing and Selling Dore Bars Since 2Q 2022 Gold Dore Sales Commenced in 2Q 2022 TSX: KNT OTCQX: KNTNF ~10% of gold production reports to Dore 134
Slide 135: Kainantu Mineral Processing – New 1.2Mtpa Plant
Kainantu Mineral Processing – New 1.2Mtpa Plant Key Points • Single stage crushing – better suited for climate and material. • SAG, Ball mill arrangement (1.8Mw each) good for 150t/hr - for +300koz AuEq per annum. • Purpose build gravity circuit and gold room. • Flotation Circuit – Roughers 40m3 cel
Slide 136: New 1.2Mtpa Plant Location
Kainantu Mineral Processing – New 1.2Mtpa Plant Location Stage 2A Process Plant Stage 3 Process Plant Stage 3 Process Plant to be Located Adjacent to Stage 2A Process Plant Significant Amount of Space to Construct Process Plant Provides Flexibility to Design for Future Plant Expansions TSX: KNT OTCQ
Slide 137: New 1.2Mtpa Plant (Paste Plant)
Kainantu Mineral Processing – New 1.2Mtpa Plant (Paste Plant) Paste Plant Significance • Improve mining efficiency. • Up to 80% of tails generated could be used for paste which will greatly reduce the storage requirement for the TSF. • Provide more time to identify and licence a new proposed TSF loc
Slide 138: Stage 3 & 4 Expansions – Upgrade to Power Infrastructure
Stage 3 & 4 Expansions – Upgrade to Power Infrastructure 5.2m at Upgrade 13.48 g/t–Au, Current Genset Availability Power Site25and g/tPPL Ag,(Supply) 2.34% Cu (17.55 g/t AuEq) Description Location KVA Amount • PPL (PNG Power supply) have setup a new supply line 100% for K92 Cummins C1250 KVA D2R Mil
Slide 139: Stage 3 & 4 Expansions – Road and River Crossing Upgrade
Stage 3 & 4 Expansions – Road and River Crossing Upgrade - 800 to Plant Roadway and Bridges Upgrade • Upgrade Bridges 42t to 120t • 2 x $1.27m for Kokomo and Baupa Baupa Creek Bridge • 1 x $1.20m Kaesese • Total approx. $3.7M – Tender Process Underway G & A for Kokomo & Baupa Bridge G & A for Kaeses
Slide 140: Kainantu Mineral Processing – TSF
Kainantu Mineral Processing – TSF TSF • Current lift to RL515. • Extra 6m of embankment height. • Lift approved to RL520 • About another 2-3 years storage depending on production rates and material compaction. • Conceptual design to RL530 that could potentially provide sufficient storage till 2030 •
Slide 141: TSF Lift 1C Well Advanced (Over 60% Complete)
TSF Lift 1C Well Advanced (Over 60% Complete) Recent Aerial of the tailings storage facility. Tailings dam lift 1C is underway and +60% complete. Tailings Dam Lift 1C is over 60% targeting completion by end of 2023 TSX: KNT OTCQX: KNTNF 141
Slide 142: Stage 3 & 4 Expansions – Accommodation & Camp Upgrade
Stage 3 & 4 Expansions – Accommodation & Camp Upgrade Camp Expansion and Upgrade • Stage 3 • Additional 3 x 64 bed blocks New Accommodation Blocks 20 x 2 bed blocks Mess 3 x 50 bed blocks Expansion • Mess Facility Extension • New CA facility • New HR induction and training centre • Water supply and
Slide 143: Camp Has Continued to Expand with the Mine
Camp Has Continued to Expand with the Mine Kumian Camp in 2014 Kumian Camp in Q2 2023 372 bed, 176 rooms 1332 beds, 773 rooms Camp facilities and accommodation has significantly improved & increased TSX: KNT OTCQX: KNTNF 143
Slide 144: Community Relations & Programs
— = 4 B72 * V ; Community Relations & Programs "Z , - Dr. Mark Schubert, General Manager Community Affairs ba } &% Mf f h ] a” ae 1 Ty —_
Slide 145: Our People
Our People K92 Watarais Pomasi Bilimoia Unantu Kainantu TSX: KNT OTCQX: KNTNF
Slide 146: New Guinea Languages
New Guinea Languages TSX: KNT OTCQX: KNTNF
Slide 147: Our People: Their Origins According to Science
Our People: Their Origins According to Science First Migration Second Migration 50,000 years ago 3,000-4,000 years ago During last Ice Age After last Ice Age TSX: KNT OTCQX: KNTNF
Slide 148: Clan Genealogies with First Ancestor Origins According to Myth
Clan Genealogies with First Ancestor Origins According to Myth TSX: KNT OTCQX: KNTNF
Slide 149: Our People: “My Land is My Skin”
Our People: “My Land is My Skin” TSX: KNT OTCQX: KNTNF
Slide 150: Mining in PNG: A Long History
Mining in PNG: A Long History Michael Leahy Errol Flynn TSX: KNT Bulolo 1930s OTCQX: KNTNF
Slide 151: Bringing Two Worlds Together in 90 years
Bringing Two Worlds Together in 90 years – 1884 to 1975+ TSX: KNT OTCQX: KNTNF
Slide 152: Giving Us Direction
Giving Us Direction K92 team at the MOA Review, Kokopo, July 2020 TSX: KNT OTCQX: KNTNF 152
Slide 153: Our Exploration Support
Our Exploration Support Compensation Agreement Signing as required by the Mining Act Exploration site workplace Off to prepare issues resolving a pad TSX: KNT OTCQX: KNTNF
Slide 154: Our Programs: Prime Ones – Education and Water
Our Programs: Prime Ones – Education and Water TSX: KNT OTCQX: KNTNF 154
Slide 155: Development....
Development…. TSX: KNT OTCQX: KNTNF 155
Slide 156: Our Programs: Hardware, Software
Our Programs: Hardware, Software Things – Hardware: Things – hardware for knowledge: Knowledge, education - software: Water infrastructure for personal use Books for literacy Village literacy program Roads and bridges to make life easier Schools’ infrastructure to enable Tertiary sponsorship scheme
Slide 157: Water Infrastructure for Personal Use
Water Infrastructure for Personal Use TSX: KNT OTCQX: KNTNF 157
Slide 158: Water Infrastructure for Personal Use
Water Infrastructure for Personal Use Pomasi 2020 Bilimoia 2021 Bilimoia 2022 Kainantu Secondary TSX: KNT OTCQX: KNTNF School 2023 158
Slide 159: Roads and Bridges To Make Life Easier
Roads and Bridges To Make Life Easier TSX: KNT OTCQX: KNTNF 159
Slide 160: Agriculture For Own Consumption
Agriculture For Own Consumption TSX: KNT OTCQX: KNTNF 160
Slide 161: Clinics For Health Treatment
Clinics For Health Treatment TSX: KNT OTCQX: KNTNF 161
Slide 162: Tax Credit Scheme for PNG’s Infrastructure
Tax Credit Scheme for PNG’s Infrastructure Goroka Meeting Road to Bilimoia April 3, 2023 TSX: KNT OTCQX: KNTNF 162
Slide 163: Books For Literacy
Books For Literacy TSX: KNT OTCQX: KNTNF 163
Slide 164: Schools’ Infrastructure to Enable Education
Schools’ Infrastructure to Enable Education TSX: KNT OTCQX: KNTNF 164
Slide 165: Agriculture for Knowledge and Business
Agriculture for Knowledge and Business TSX: KNT OTCQX: KNTNF 165
Slide 166: Placements for University Students
Placements for University Students TSX: KNT OTCQX: KNTNF 166
Slide 167: Sports Sponsorship and Development as Personal Development
Sports Sponsorship and Development as Personal Development TSX: KNT OTCQX: KNTNF 167
Slide 168: Business Training, Development and Landcos to Enable Solvent, Profitable Business
Business Training, Development and Landcos to Enable Solvent, Profitable Business • Advanced Training for Landcos • Unlimited Possibilities Training as self- development • Blended Training for teaching of a specific one- off skill (e.g. Proposal Writing) TSX: KNT OTCQX: KNTNF 168
Slide 169: Roadshows and K92 FM to Inform Communities
Roadshows and K92 FM to Inform Communities TSX: KNT OTCQX: KNTNF 169
Slide 170: Press Releases, TV Images, K92 FM to Inform Media, Government and Wider Audience
Press Releases, TV Images, K92 FM to Inform Media, Government and Wider Audience TSX: KNT OTCQX: KNTNF 170
Slide 171: Press Releases, TV Images, K92 FM to Inform Media, Government and Wider Audience
Press Releases, TV Images, K92 FM to Inform Media, Government and Wider Audience TSX: KNT OTCQX: KNTNF 171
Slide 172: Village Literacy Program
Village Literacy Program TSX: KNT OTCQX: KNTNF 172
Slide 173: ESG Highlights – Award Recipient
ESG Highlights – Award Recipient K92 is very proud to be the recipient of the award for Outstanding Women’s Contribution in the Resource Sector TSX: KNT at the PNG Mining and Petroleum Investment Conference & Exhibition OTCQX: KNTNF 173