Slide 1: Delivering 1.2 Mtpa of ilmenite production
)y KENMARE Delivering 1.2 Mtpa of ilmenite production Noveinber 2020
Slide 2: Disclaimer
Disclaimer > This Presentation (the “Presentation”) has been prepared and issued by Kenmare Resources plc (the “Company” or “Kenmare”. While — this Presentation has been prepared in good faith, the Company and its respective officers, employees, agents and representatives expressly disclaim any and
Slide 3: Overview: Kenmare Resources
Overview: Kenmare Resources World’s largest traded ilmenite supplier Wet Concentrator Plant (WCP) B Moma’s jetty and one of two transhipment vessels Kenmare Resources - TZMI Congress 2020 Moma Titanium Minerals Mine > >13 years of operations, 30 years in Mozambique > 100+ years life of mine > ~6% of
Slide 4: Overview: Moma Titanium Minerals Mine
Overview: Moma Titanium Minerals Mine Globally significant Mineral Reserves Tier 1 resource base » >100 year life of mine at targeted production rate of 1.2 Mtpa » Moma is comprised of multiple ore zones - 6.4 billion tonnes of Mineral Resources » Current mine plan runs beyond 2040 Low cost, bulk mi
Slide 5: A strengthened focus on sustainability
A strengthened focus on sustainability > Board-level Sustainability Committee established in 2019 Health & safety > LTIFR of 0.32 per 200k man-hours worked to 30 June 2020 - re- evaluating strategies to reinforce a strong safety culture > Five star rating achieved from NOSA safety audit for fourth c
Slide 6: Pathway to 1.2 Mtpa ilmenite production
Pathway to 1.2 Mtpa ilmenite production » First two projects largely complete and third project underway 20% capacity upgrade complete and WCP C delivering nameplate Relocation of WCP B completed and delivering to scope capacity throughput and on budget production commenced at Pilivili Kenmare Resou
Slide 7: Production underway at Pilivili
Production underway at Pilivili Important step towards achieving 1.2 Mtpa ilmenite production from 2021 Moma’s highest grade ore zone » Pilivili has Mineral Reserves of 180Mt at 4.4% THM > Other favourable characteristics include free flowing sand, low slimes and located relatively close to Mineral
Slide 8: Watch a video of the Wet Concentrator Plant B move
Watch a video of the Wet Concentrator Plant B move at https://www.kenmareresources.com/investors/wcp-b-move
Slide 9: Becoming a lower cost producer
Becoming a lower cost producer » Kenmare is well-positioned to deliver expanded margins and strong free cash flow Industry revenue to cash cost curves 4 2 é Bg 3 6 s 3 S$ 2 oO 2 s KMR KMR « 2018 Ql 2013 —<<<—<____. Q2 |< Q4 ie) 0% 25% 50% 75% 100% Source: TZMI —20138 ——2018 — 2023 >» From 2021 Kenma
Slide 10: Global titanium feedstocks supply dynamics
Global titanium feedstocks supply dynamics » Insufficient supply to meet growing demand Total TiO, feedstock supply (‘000 TiO, units) 10,000 31000 <1% CAGR 8,000 > ye OO ae 6,000 5,000 4,000 3,000 2014 2015 2016 2017 2018 2019 2020 2021 Source: Companyestimates » TiO, feedstock supply has been large
Slide 11: Increasing supply gap in China
Increasing supply gap in China » Kenmare’s production growth is targeted to supply deficit Chinese demand and supply dynamics (‘000 tonnes) 800 600 ~ / \ —— a Qe x8 PB LP KP VP KP PVP LP CP LP LP Ff PF LF PP OP Pf OP < < % 3 < b , Pe xy ¢ § f J J il f R a FF KKM LS TF Ky HM KH KF KK ww KS Ky — China
Slide 12: Chloride pigment production to lead demand growth
Chloride pigment production to lead demand growth » Growing demand for ilmenite that can be upgraded to produce chloride pigment Global feedstock demand (‘000 TiO, units) Global feedstock supply (‘000 TiO, units) 10,000 10,000 +900kt 8,000 — 8,000 4,400 6,000 3500 6,000 4,000 4,000 2,000 2,000 0 - 2
Slide 13: Kenmare has varied markets for its ilmenite
Kenmare has varied markets for its ilmenite » Kenmare is expected to account for ~17% of merchant ilmenite supply from 2021 > Kenmare has a suite of high quality products that are well recognised in the market Vv IP1 and IP2 are sulphate ilmenite products » Favourable TiO, levels for sulphate pigmen
Slide 14: Kenmare has a global portfolio of customers
Kenmare has a global portfolio of customers a Kenmare supplies customers in more than 15 countries Diversified customer base supports sales of 1.2 Mtpa ilmenite to the market from 2021 Kenmare Resources - TZMI Congress 2020 14
Slide 15: Kenmare is positioned to meet the ilmenite supply deficit
Kenmare is positioned to meet the ilmenite supply deficit » WCP B relocated safely to new high grade ore zone and production underway Development programme nearing completion Increased mining capacity to deliver 1.2 Mtpa ilmenite plus co-products from 2021 Becoming a low cost As a low cost producer,
Slide 16: Follow Kenmare on social media
Follow Kenmare on social media » Facebook, Twitter and LinkedIn pi KENMARE Kenmare has gone social > Kenmare has profiles on Facebook, Twitter and LinkedIn, which feature regular updates on our corporate social responsibility initiatives, operational and development milestones, news flow and more >
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