Kgl Resources Limited · ASX:KGL
Kgl Resources — Investor Presentation (February 2025)
28 slides from Kgl Resources's investor presentation, Feb 26, 2025
Slide 1: Corporate Presentation
Corporate Presentation 26 February 2025. KGL Resources Limited (ASX:KGL) provides the attached corporate presentation This announcement has been approved by the directors of KGL Resources Limited. For personal use only KGL Resources Limited | Corporate Presentation Page 1 of 1
Slide 2: Jervois Project Update
ASX:KGL For personal use only Jervois Project Update Advancing the high-grade Jervois copper deposit toward production Jeff Gerard Executive Chairman February 2025
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer No reliance: To the maximum extent permitted by law, the information in this presentation is given without any liability whatsoever being accepted by KGL or any of its related bodies corporate or their respective directors, officers, employees, advisors and agents (t
Slide 4: Highlights
Highlights For personal use only Feasibility Study Update released All necessary approvals Experienced Board and with robust economics, attractive to commence construction in management capital efficiency and strong margins Tier One mining jurisdiction Track record in projects Building the delivery
Slide 5: Jervois Project, NT
Jervois Project, NT KGL’s Jervois Project is a high-grade polymetallic project mid way between Alice Springs, Northern Territory and Mt Isa, Queensland. • Fully Permitted For personal use only Initial 10 year mine. 2-year delivery timetable coincides with projected Cu supply gap. • High Grade
Slide 6: Jervois Project: Overview
Jervois Project: Overview Two open pit mines (Reward and Bellbird) and four underground mining areas (Rockface, Reward, Marshall, Bellbird). For personal use only Open cut operations - primary ore feed for first four years using conventional earthmoving equipment. Transition to Underground – i
Slide 7: Feasibility Study Update – Headline numbers
Feasibility Study Update – Headline numbers For personal use only $405 M c.$229 M $112 M 10 Year Post Tax NPV (8%) @ US$4.58/lb Average EBITDA (Steady State) Avg. After-tax Free Cash Flow (1) Mine Life Post Tax NPV (8%) A$688 M @ US$5.90/lb 29 Cu Copper $362 M 30 kt pa $1.95/lb 24% / 3.4 Yrs Pre-pro
Slide 8: Robust 10 year mine life with upside potential
Robust 10 year mine life with upside potential 2.5 Ore Tonnage Mined by Source - Financial Year 2.0 Proportion of lower cost open cut ore (now primarily all CuEq Grade (%) Ore Mined (Mt/year) 1.5 Proven reserves) has increased from 25% to 41% of total For personal use only ore mined. (FSU25 vs FS2
Slide 9: Project Generates Robust Economics
Project Generates Robust Economics Short Payback / Strong Margins Technically robust: For personal use only – Inputs from Xenith, Sedgman, Tier 1 mining contractors. – Independent review by RPM (Critical Issues) - “No Red Flags”. Low capital Intensity (A$12,000/t Cu). Strong cash generation: E
Slide 10: Jervois Project FSU25: Key Metrics
Jervois Project FSU25: Key Metrics Operating Metrics Metal Price & Other Key Assumptions Assumption Units Value Assumption Unit L/T For personal use only Mine Life Years 10 Copper Price US$/lb 4.58 Life of Mine Net Revenue A$ billion 4.4 Gold Price US$/oz 2,668 Life of Mine EBITDA A$ billion 1.9 Sil
Slide 11: The Way Forward
For personal use only The Way Forward Jervois Copper Project Update | February 2025 | ASX:KGL 10
Slide 12: Pathway to production in 2027
Pathway to production in 2027 For personal use only Jervois Copper Project Update | February 2025 | ASX:KGL 11
Slide 13: Project Delivery - Forward Work Plan
Project Delivery - Forward Work Plan For personal use only FID & PROJECT EXECUTION PLAN (PEP) Funding and FID Funding Operations Prep Site Prep Construction Construction Completion 6 months 12 months 6 months Ongoing Plant Procurement Process Plant Site Erection Plant: Commissioning & Ramp Up Plant
Slide 14: Funding Strategy
Funding Strategy Company can now actively engage with equity and debt investors as part of the capital raising process for project development. For personal use only The Project is expected to be funded via a combination of equity, term and working capital debt. KGL is appointing a financial a
Slide 15: Copper Market
For personal use only Copper Market Jervois Copper Project Update | February 2025 | ASX:KGL 14
Slide 16: Copper outlook is robust
Copper outlook is robust Market Outlook Supply Demand Forecast2 S&P Global “demand for refined copper will double … by 2035”. For personal use only Demand forecasts reflect global commitments to achieve Net Zero by 2050 with electric vehicles and the grid key demand drivers + traditional demand
Slide 17: Copper Market Forecast
Copper Market Forecast The world cannot decarbonise without copper, a key component of renewables and electrification. According to Wood Mackenzie, copper demand is expected to rise by 75% by 2050, reaching 56 million tonnes, driven by the clean energy transition, urbanization, and electrification
Slide 18: KGL Corporate Snapshot
KGL Corporate Snapshot KGL Share Price Performance vs Copper Price Corporate Structure ASX Code: KGL For personal use only 0.25 5.00 A$0.11 A$0.085-$0.14 4.50 0.20 Copper Price US$/lb KGL Share Price A$ 4.00 Share Price 52 week low / high 0.15 3.50 3.00 0.10 2.50 648.1m 0.2m 0.05 2.00 Shares Outstan
Slide 19: Key Takeaways
Key Takeaways FSU25 delivered Q1 2025 Growing the Resource 1 4 For personal use only Confirmed robust technical and financial results. Active exploration program improving and Fully Permitted to commence. expanding Mineral Resources including geophysics and gravity and magnetic inversion analy
Slide 20: Appendix – Competent Person Disclosures
For personal use only Appendix – Competent Person Disclosures Jervois Copper Project Update | February 2025 | ASX:KGL 19
Slide 21: Jervois Mineral Resource
Jervois Mineral Resource Resource Material Grade Metal Copper Silver Gold Copper Silver Gold Area Category Tonnes(Mt) (%) (g/t) (g/t) (kt) (Moz) (koz) For personal use only Open Cut Measured 2.67 1.89 46.4 0.42 50.4 3.98 36.2 Potential Reward Indicated 4.01 1.31 44.4 0.23 52.6 5.73 30.2 > 0.35% CuEq
Slide 22: Jervois Ore Reserve
Jervois Ore Reserve For personal use only Notes: 1. Mineral Resources are inclusive of Ore Reserves. Jervois Copper Project Update | February 2025 | ASX:KGL 21
Slide 23: Competent Persons’ Statement and Disclaimer
Competent Persons’ Statement and Disclaimer Competent Person Statement The information in this announcement that relates to a Production Target and the forecast financial information derived from the production was first released to the market on 10 February 2025. KGL Resources Limited confirms th
Slide 24: Competent Persons’ Statement and Disclaimer
Competent Persons’ Statement and Disclaimer Competent Person Statement 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 include
Slide 25: Appendix – High-grade Undeveloped Copper Resource
For personal use only Appendix – High-grade Undeveloped Copper Resource Jervois Copper Project Update | February 2025 | ASX:KGL 24
Slide 26: High-grade undeveloped resource
High-grade undeveloped resource The Jervois mineralization system is unique - IOCG, VHMS and elements of SEDEX mineralization. Total Resource at Jervois 28.95Mt @ 1.76% Copper, with 24.8g/t Silver and 0.23g/t Gold. For personal use only Capturing added value 3D rendition of Jervois copper deposits
Slide 27: Rockface: Exploration potential
Rockface: Exploration potential Significant Intercepts For personal use only Rockface Long projection Cu grade block model 2022 (cut-off at 1% Cu) High grade copper with silver and gold credits; highest grades in bornite KJCD171: 10m @ 2.14% Cu , 12.5g/t Ag, 0.10g/t Au from 255m mineralisation on
Slide 28: Reward & Marshall: Exploration potential
Reward & Marshall: Exploration potential For personal use only Significant Intercepts Drilling at shallow to intermediate depths has increased confidence in the mineral resource estimate. Elevated gold grades have been confirmed at Reward Main Lode and Reward Deeps. Conductors open at depth.
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