Kore Potash Plc · LSE:KP2
Kore Potash — Investor Presentation (November 2025)
27 slides from Kore Potash's investor presentation, November 2025
Slide 1: Kore Potash Update
Kore Potash Update November 2025 PRIVATE & CONFIDENTIAL
Slide 2: Cautionary statements
Cautionary statements THIS PRESENTATION AND ITS CONTENTS ARE CONFIDENTIAL AND ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, JAPAN, REPUBLIC OF SOUTH AFRICA, AUSTRALIA, NEW ZEALAND OR ANY JURISDI
Slide 3: Cautionary statements (Continued)
Cautionary statements (Continued) No representation or warranty, express or implied, is given by or on behalf of the Company, SP Angel Corporate Finance LLP (“SP Angel”), Questco Corporate Advisory (“Questco”), Shore Capital Stockbrokers Limited (“Shore Capital”) or any of such persons’ respective a
Slide 4: Kore Potash
Kore Potash • Kore Potash PLC, listed on the ASX, JSE, AIM and A2X markets, owns 97% of the Kola and DX Potash projects in the Sintoukola Basin, located in the Republic of Congo (RoC, or Congo-Brazzaville). Once construction starts, the Government of RoC will own 10% free-carry shares of the project
Slide 5: Kore Potash – recent significant developments
Kore Potash – recent significant developments • On 19 November 2024, Kore Potash PLC signed an EPC Contract with PowerChina to develop the world-class Kola asset. • EPC is a fixed-price contract, with a price of US$1.929 billion, signed with PowerChina - critically minimises cost overrun risks to th
Slide 6: Why Potash?
Why Potash? PRIVATE & CONFIDENTIAL
Slide 7: Food for thought
Food for thought Critical Minerals vs Criticality of Food Facts • Plants are essential to human survival. • Soil nutrients are essential for plant development. The three most important elements are Nitrogen, Phosphorus and Potassium (NPK). • Each harvest depletes the soil of nutrients, and, especial
Slide 8: More potash needed to feed the world
More potash needed to feed the world The world will need to grow 50% more food by 2050 to … while global arable land per person is feed an anticipated population of 9 billion people... declining sharply 0.4 0.35 Hectares per person 0.3 0.25 0.2 0.15 0.1 1968 1960 1964 1972 1976 1980 1984 1988 1992 1
Slide 9: Potash market dominated by MoP
Potash market dominated by MoP Potassium is sold globally in two main forms, along with three minor products Muriate of Potash (MoP) Sulphate of Potash (SoP) Represents 93.2% of the potash Potash Market Represents 4.6% of market market. MoP is potassium volume. Used by crops where chloride (KCl). Us
Slide 10: Kore Potash, Kola Project
Kore Potash, Kola Project PRIVATE & CONFIDENTIAL
Slide 11: Kore Potash – developing the next Potash jurisdiction
Kore Potash – developing the next Potash jurisdiction • Globally significant Muriate of Potash deposits in the Republic of Congo (RoC) • Potentially one of the lowest cost suppliers in the global potash industry • Ideally located to Brazilian and high growth African markets • EPC contract signed on
Slide 12: Sintoukola Potash District
Sintoukola Potash District 1 Kola Deposit Sylvinite Ore Reserves 151Mt @ 32.5 KCI 1 Sylvinite Mineral Resources 848Mt @ 34.8 KCI Carnallite Mineral Resources 2,049Mt @ 18.5 KCI 3 2 2 DX Deposit Sylvinite Ore Reserves 9Mt @ 35.7KCI Sylvinite Mineral Resources 129Mt @ 24.8 KCI Dougou Deposit 3 Carnall
Slide 13: Kola – a viable world-class asset
Kola – a viable world-class asset Kola sylvinite Mineral Resources and Ore Reserves (JORC 2012) Projected Low Cost / High Grade Measured + Indicated Mineral Resources Inferred Mineral • Shallow 508 Mt Resources • High grade with very low insolubles 340 Mt 35.4% KCl • Close to the coast • Own dedicat
Slide 14: Kola EPC contract signed
Kola EPC contract signed PRIVATE & CONFIDENTIAL
Slide 15: EPC contract signed 19 November 2024
EPC contract signed 19 November 2024 15
Slide 16: EPC contract details
EPC contract details • EPC is a fixed-price contract, with a price of US$1.929 billion, signed with PowerChina - critically minimises cost overrun risks to the Company - approximately US$708.9 million is allocated to build transportation links • PowerChina has proven potash mine expertise, is a Fort
Slide 17: Why Kola is succeeding
Why Kola is succeeding ✓ Close proximity to the coast ✓ A high-grade resource with a very low insoluble ✓ Logistic proximity to high growth markets of content Brazil and Africa ✓ Among the highest-grade undeveloped potash ✓ Among the shallowest MoP projects globally. deposits globally. Deposits of c
Slide 18: Why Kola is succeeding
Why Kola is succeeding Entry into the EPC reaffirms the board's aim for Kore Potash to become one of the lowest-cost producers globally for the Brazilian agricultural market and high-growth African markets. Competitive Advantage • Negligible inland freight ➢ Every tonne of MoP travels by overland co
Slide 19: Brazil Blending - Granular MOP used for producing bulk blends
Brazil Blending - Granular MOP used for producing bulk blends Brazil imports of MoP grade, 2023 ‘000t • The NPK fertilizer industry is one of the main MoP consumers in Brazil, producing high-K- content blends. • Brazilian agricultural practices have been strongly influenced by the US, with bulk blen
Slide 20: Kore – Non-Binding Term Sheets for US$ 2.2bn Signed
Kore – Non-Binding Term Sheets for US$ 2.2bn Signed • 10 June 2025, non-binding term sheets signed with OWI-RAMS amounting to approximately US$2.2 billion • OWI-RAMS is an investment platform headquartered in Zug, Switzerland, and is part of the portfolio of listed Record PLC – who have assets under
Slide 21: Indicative Targeted Timeline
Indicative Targeted Timeline The indicative timeline of these major milestones to first production from Kola Project is as follows: • Q1 2026 - Proposed Completion of early works under the Early Works Agreement (“EWA”). These include supplementary geological surveys, beneficiation testing, and FEED
Slide 22: Fundraise and use of proceeds
Fundraise and use of proceeds Kore is seeking to raise US$ 10 million Use of Funds US$ Payment to PowerChina for 2022 and 2023 optimization work outstanding balance 2,200,000 ESIA update (incl. RAP and DUP) 800,000 Advisory/Legal Costs 3,000,000 Early test works support 200,000 Working Capital & Fun
Slide 23: Summary
Summary PRIVATE & CONFIDENTIAL
Slide 24: Summary
Summary • Non-binding term sheets with OWI-RAMS for US$2.2 billion for the total funding requirement for the Kola Project • EPC signed with PowerChina - a leading global player in the industry with a proven track record • Fixed Price contract which minimises cost overrun risks to the Company • Contr
Slide 25: Board of Directors
Board of Directors André Baya David Hathorn Chief Executive Officer (Non-Board) Chairman André has over 20 years of experience in the global mining and agriculture sectors and David Hathorn is the ex-CEO of the Mondi Group (30 April 2017). The brings significant African experience including having h
Slide 26: Major Shareholders – September 2025
Major Shareholders – September 2025 26 Source: https://korepotashˌcom/wp-content/uploads/2024/11/Finalisation-of-EPC-Contractˌpdf
Slide 27: Thank You
Thank You www.korepotash.com | info@Korepotash.com PRIVATE & CONFIDENTIAL