K92 Mining, Inc. · TSX:KNT
K92 Mining — Technical Presentation (October 2026)
155 slides from K92 Mining's technical presentation, Oct 21, 2026
Slide 1: Growing Production & Transformative Discoveries
Growing Production & Transformative Discoveries Site Visit Presentation Kainantu Gold Mine, Papua New Guinea October 21st -22nd, 2026
Slide 2: Corporate Update
Corporate Update David Medilek, CEO and Director
Slide 3: Forward-Looking and Cautionary Statements
Forward-Looking and Cautionary Statements TSX: KNT OTCQX: KNTNF 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
Slide 4: K92 Mining – A Unique Tier-1 Opportunity
K92 Mining – A Unique Tier-1 Opportunity TSX: KNT OTCQX: KNTNF Rapid near-term growth to Tier 1 Mid-Tier Producer Large, high-grade resource with significant growth towards 500 koz AuEq pa at industry leading low costs potential from multiple deposits • Stage 3 Expansion to 300 koz AuEq pa run-rate
Slide 5: Corporate Structure
Corporate Structure TSX: KNT OTCQX: KNTNF Key Financial Data (for the period ending June 30/26) Fully Funded to Execute Growth Trajectory Symbol TSX: KNT, OTCQX: KNTNF Strong Cash Balance Fully Diluted Shares Outstanding 247.4 million Cash and Cash Equivalents US$349m Significant Available Liquidity
Slide 6: Attractive Valuation - Compelling Re-Rate Opportunity
Attractive Valuation - Compelling Re-Rate Opportunity TSX: KNT OTCQX: KNTNF P / NAV 2025 – 2029E Production Growth (koz AuEq) Peer Average: 1.07x +34% +130% Significant Re-Rate Potential As K92 Transitions Into Becoming a Tier-1, Mid-Tier Producer Note: Prices as of September 11, 2026. 2025 producti
Slide 7: Sustainability Initiatives Overview
Sustainability Initiatives Overview TSX: KNT OTCQX: KNTNF • Outstanding Community Humanitarian Initiative awarded by the PNG Chamber of Resources and Energy (“CORE”) in 2025 for the K92 Adult Literacy Program • Fourth consecutive year K92 has received primary community-related award from the Communi
Slide 8: K92 Strategic Pillars and Growth Phases
K92 Strategic Pillars and Growth Phases TSX: KNT OTCQX: KNTNF Strategic Pillars Growth Phases Transform Kainantu Into A World Class, Tier Near-term Medium-term Long-term 1 1 Gold Mine Through Delivery of the Stage Within 3 Years 3–5 years 5+ years 3 and 4 Mine Expansions Continue to Operate in an En
Slide 9: Multiple Strategic Priorities Delivered so Far in 2026
Multiple Strategic Priorities Delivered so Far in 2026 TSX: KNT OTCQX: KNTNF Proven Ramp Up in Mine Physicals Supports Higher Material Handling Transformed Major Upgrade of LOM Primary Ventilation System Stage 3 and 4 Production Rates • Lateral development metres now meeting and achieving Stage 4 re
Slide 10: Significant Stage 3 and 4 Expansion Progress Delivered in 2026
Significant Stage 3 and 4 Expansion Progress Delivered in 2026 TSX: KNT OTCQX: KNTNF Internal Ramp – All Mining Fronts Connected Dedicated Ore and Waste Passes Primary Standby Power Station - Complete Tailings Filter Plant Primary Vent Upgrade Road and River Crossings Upgrades K92 has continued to s
Slide 11: Operational Performance – Since Commercial Production
Operational Performance – Since Commercial Production TSX: KNT OTCQX: KNTNF AuEq Production (koz), Co-Product Cash Cost ($/oz AuEq) and Co-Product AISC ($/oz AuEq) Significant Portion of Sustaining Capex is for Upcoming Expansions Stage 2 Expansion Operational Impact Due to Plant Commissioned Tempor
Slide 12: Kainantu Mine Execution
Kainantu Mine Execution TSX: KNT OTCQX: KNTNF Total Ore Processed (kt) Total Development (m) Total Mined Material (kt) 486kt Ore Mined Waste 426kt 404kt 378kt 354kt 348kt 233kt 339kt 315kt 306kt 306kt 198kt 290kt 287kt 278kt 270kt 267kt 246kt 246kt 238kt 224kt 228kt 225kt 201kt 192kt 209kt 208kt 206
Slide 13: Kainantu Mine Safety – Our Greatest Focus
Kainantu Mine Safety – Our Greatest Focus TSX: KNT OTCQX: KNTNF Total Recordable Injury Frequency Rate Site Hazard Identification and Risk Assessments Total Recordable Injury Frequency Rate 3 W Risk Assessment Hazard ID Quick Safety Observation Total Recordable Injury ICMM Members 6,878 11,651 3.32
Slide 14: K92 Is Proud to be a Leading Taxpayer in the Mining Sector
K92 Is Proud to be a Leading Taxpayer in the Mining Sector TSX: KNT OTCQX: KNTNF Together with the record first instalment of PGK 287 million made in March 2026 and second instalment of PGK 240 million made in June 2026, K92's total 2026 corporate tax instalment payments (as at June 30) stand at PGK
Slide 15: Strong PNG Government and Key Stakeholder Support
Strong PNG Government and Key Stakeholder Support TSX: KNT OTCQX: KNTNF March 2025 Site Visit – Delegation Led by August 2025 Site Visit – Delegation Led by May 2026 Site Visit – Delegation Led by Minister Governor of EHP Province Hon. Simon Sia Minister for Mining Hon. Rainbo Paita for Mining Hon.
Slide 16: Systematically Executing to Become a Tier 1 Mid-Tier Producer
Systematically Executing to Become a Tier 1 Mid-Tier Producer TSX: KNT OTCQX: KNTNF Plant Commissioning Targeting Late 2027 Completed Dec 2025 Commissioning 4Q 2020 2Q 2023 Stage 3 Stage 4 Stage 2 Stage 2A 1,200,000 tpa 1,800,000 tpa 300 koz AuEq pa(1) +400 koz AuEq pa(1) 400,000 tpa 500,000 tpa Via
Slide 17: Near-Term Mine Transformation: Major Infrastructure Upgrades
Near-Term Mine Transformation: Major Infrastructure Upgrades TSX: KNT OTCQX: KNTNF 1 Twin Incline Kora-Irumafimpa Planned Twin Incline and Development Long Section (Looking West) Scope: High Speed 2.9km twin incline, capable of +5 mtpa with conveyors Status: Complete Impact: Transforms material hand
Slide 18: Near-Term Mine Transformation: Major Infrastructure Upgrades Complete
Near-Term Mine Transformation: Major Infrastructure Upgrades Complete TSX: KNT OTCQX: KNTNF Original Incline New Twin Incline – High Speed, Larger Equipment Internal Ramp – All Mining Fronts Connected 6.5 metres 4.5 metres 6 metres 4 metres New Dedicated Ore and Waste Passes – Leveraging Mine’s Grav
Slide 19: New Primary Ventilation Commissioning Planned in Early Q4 26
New Primary Ventilation Commissioning Planned in Early Q4 2026 TSX: KNT OTCQX: KNTNF Primary Fan Chamber Puma Vent Drive Surface Breakthrough 15 metres 9.5 metres Puma Ventilation Drive breakthrough was achieved in late February 2026, increasing primary mine airflow from ~200m³/s to ~350m³/s, reduci
Slide 20: 3 x Increase in Mining Fronts in 2026
3 x Increase in Mining Fronts in 2026 TSX: KNT OTCQX: KNTNF Kora-Irumafimpa Long Section (Looking West) 1 Main Mining Front Since Commercial Production 2 Commenced Production Stoping in April – Ramping Up 3 Commenced Production Stoping in Sept – Ramping Up 4 2027: New Mining Front Once Pastefill Onl
Slide 21: Major Underground Mobile Fleet Upgrade & Expansion Underway
Major Underground Mobile Fleet Upgrade & Expansion Underway TSX: KNT OTCQX: KNTNF New Equipment 2026 Four new Sandvik 517i loaders now operational YTD Fleet Fleet Equipment Model Arrived Remaining Use Change YE 2025 YE 2026 Surface Haul Volvo A60J (60t) - 5 3 Addition 8 +8 Trucks Add + Loaders Sandv
Slide 22: Near-Term Delivery of Stage 3 & 4 Expansions
Near-Term Delivery of Stage 3 & 4 Expansions TSX: KNT OTCQX: KNTNF 2025 2026 2027 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 New Standalone Stage 3 Expansion Process Plant (1.2 mtpa) Pastefill Plant Process Capacity Ramp-up to 1.8 mtpa Mine Ramp-up to 1.8 mtpa +150 m3/s +200 m3/s +350 m3/s Up to 600 m3/s P
Slide 23: Stage 3 Expansion Process Plant
Stage 3 Expansion Process Plant TSX: KNT OTCQX: KNTNF New 1.2 Mtpa Process Plant Fully Operational Since December 2025 23
Slide 24: Ancillary Construction Projects Progressing Well
Ancillary Construction Projects Progressing Well TSX: KNT OTCQX: KNTNF Warehouse Construction - Complete New Kumian Creek Camp – Complete (Further Expansion In Progress) Primary Standby Power Station - Complete New Maintenance Facilities - In Progress Phase 1 Expansion Complete (10.7 MW Prime Power
Slide 25: Stage 3 Expansion Update – Underground Paste System Advancing
Stage 3 Expansion Update – Underground Paste System Advancing TSX: KNT OTCQX: KNTNF 1. Tailings Filtration Plant 3. Underground Paste Plant 2. Surface Storage System Near Portal Tailings filtration plant commissioning is complete, with the surface storage system and underground paste plant on schedu
Slide 26: Tailings Filter Plant Commissioning Complete
Tailings Filter Plant Commissioning Complete TSX: KNT OTCQX: KNTNF Tailings Filter Plant Filter Press Commissioning Tailings Filter Plant commissioning complete, with optimization ongoing. First filter cake produced in late April. Once fully operational, the pastefill system will divert a majority o
Slide 27: Pastefill Plant Infrastructure Construction Advancing
Pastefill Plant Infrastructure Construction Advancing TSX: KNT OTCQX: KNTNF Surface Binder Blending Plant Near Portal Underground Silo Chamber 1205 Hopper Paste Pumps Paste Mixer Structural, mechanical and piping works are complete at the Surface Binder Blending and Filter Cake Storage areas, with c
Slide 28: Major Improvements to Mine-Mill Transport Capacity
Major Improvements to Mine-Mill Transport Capacity TSX: KNT OTCQX: KNTNF Kasese River Crossing - Complete Baupa Bridge - Complete Old River Crossing (20t payload restriction - being dismantled) New 60 t truck 10m Diameter Culvert Pre-backfill Kokomo Bridge - Complete River crossing upgrades are comp
Slide 29: Multiple High Priority Near-Mine Targets
Multiple High Priority Near-Mine Targets TSX: KNT OTCQX: KNTNF Multiple High Priority Near-Mine Vein and Porphyry Targets Airborne Geophysics and Target Locations Kora & Kora Deeps (Vein) 1 • Kora open to depth and along strike Kora South & Judd South (Vein) 2 • • Structure extends +1km beyond minin
Slide 30: Significant Pipeline of Highly Prospective Exploration Targets
Significant Pipeline of Highly Prospective Exploration Targets TSX: KNT OTCQX: KNTNF Vein Targets Porphyry Targets Kora/Judd Skarn Operations Kora South / Epithermal & Skarn Judd South Current Exploration Focus Feasibility Exploration Planned Within 24 months Pre-Feasibility Concept Blue Lake Resour
Slide 31: Major Projects
Major Projects Chris Kinver, Chief Operating Officer Eoin Collins, General Manager Projects
Slide 32: Capital Projects Progress – Execution Approach
Capital Projects Progress – Execution Approach TSX: KNT OTCQX: KNTNF • Majority self-perform with local contractors to maximise real returns to local communities — keeps spend and skills onshore • Owners’ Team on site bolsters the technical, management and supervision effort to support project succe
Slide 33: Major Capital Projects Progress – Last 12 Months
Major Capital Projects Progress – Last 12 Months TSX: KNT OTCQX: KNTNF Achievements / Progress • 1.2 Mtpa plant completed under budget - commissioning completed Dec-25. Stage 3 Process Plant • Q3-26 ore processed: 252,744 t (+66% YoY). • Phase 1 and 2 Primary Power Station Expansions completed in Q4
Slide 34: Disciplined Project Delivery
Disciplined Project Delivery TSX: KNT OTCQX: KNTNF McKinsey & Company Stage 3 Expansion Delivery – Forecast Below Budget Insights Budget (US$M) Forecast (US$M) Below Budget (US$M) 83% Stage 3 Expansion 203.1 200.4 2.7 Of recent major mining and metals projects faced cost or schedule challenges Forec
Slide 35: Kainantu Operational Transformation Nov 2022 – October 2026
Kainantu Operational Transformation….Nov 2022 – October 2026 TSX: KNT OTCQX: KNTNF Nov 2022 Oct 2026 Contractor Camp Maintenance Facilities 15.3 MW Power Station Kumian TSF Warehouse 1.2 Mtpa Process Plant Tailings Filter Plant 35
Slide 36: Stage 3 Expansion Status
Stage 3 Expansion Status TSX: KNT OTCQX: KNTNF Project Code Facility Project Description Total Project Estimate (Multi Yr) Commitment % Committed Forecast at Completion Total Project Cost Variance (Over) / Under Budget Stage 3 Expansion Cost A01 3300 Process Plant 100,408,522 99,079,173 99% 99,083,8
Slide 37: Stage 4 & Expansionary Capital Status
Stage 4 & Expansionary Capital Status TSX: KNT OTCQX: KNTNF Total Project Project Facility Project Description Total Project Estimate Commitment % Forecast at Cost Variance Expansionary Capital Cost Code Committed Completion (Over) / Under (Multi Yr) Budget Expansionary Capital Underway – Portfolio
Slide 38: Stage 3 and 4 Expansions & Sustaining Capital Project Schedule
Stage 3 and 4 Expansions & Sustaining Capital Project Schedule TSX: KNT OTCQX: KNTNF 2025 2026 2027 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Portfolio Overview • Project transition; The project has 1.2Mtpa Process Plant 1.2Mtpa Process Plant transitioned from Stage 3 Expansion to a 22kv Infra 8.8MW PPS c
Slide 39: Stage 3 Process Plant – Project Summary
Stage 3 Process Plant – Project Summary TSX: KNT OTCQX: KNTNF October 2026 October 2026 Process Plant Project Status: • First ore to plant on 19th September 2025. • Costs: • Completed under budget for USD $99,083,834 against a budget of USD $100,408,522, representing a saving of USD $1,324,688. • De
Slide 40: Stage 3 Plant Performance Since Commissioning
Stage 3 Plant Performance Since Commissioning TSX: KNT OTCQX: KNTNF Key Points Crushing Grinding • Operating Duration ✓ > 1 year of operation • Throughput (daily) ✓ > 3,500 t (exceeds 1.2Mtpa design) – 3,945 t record daily tonnage processed ✓ > 140 tph ✓ Power draw utilizing 2.5MW or ~68% of mill mo
Slide 41: Stage 3 Process Plant – Stage 4 Expansion Upgrade Requirements
Stage 3 Process Plant – Stage 4 Expansion Upgrade Requirements TSX: KNT OTCQX: KNTNF Key Points • The 1.2Mtpa Process Plant was designed with provision for expansion • GR Engineering engaged for Stage 4 Expansion Study for processing plant expansion to 1.8Mtpa • Mechanical upgrades to include: • Flo
Slide 42: Permanent Power Station - Phase 2 Expansion Complete
Permanent Power Station - Phase 2 Expansion Complete TSX: KNT OTCQX: KNTNF October 2025 Phase 1 (Stage 4 Expansion) to 10.4 MW General Arrangement An executive decision advanced Stage 4 Expansion (S4E) capital due to ongoing PPL reliability issues. Project Status: • Status; Completed on schedule • C
Slide 43: Pastefill – Overall Process Flow
Pastefill – Overall Process Flow TSX: KNT OTCQX: KNTNF Tailings Filter Plant Bus Stop / Surface Storage Underground Paste Plant 1 Tailings Thickener 2 Pressure Filters 3 Back Haul to Bus Stop 4 Bus Stop Storage 5 Haul to UG Paste Plant 6 Paste Sent to Stopes Tailings pumped from process Two horizont
Slide 44: Pastefill - Surface Tailings Filter Plant
Pastefill - Surface Tailings Filter Plant TSX: KNT OTCQX: KNTNF October 2025 Tailings Filter Plant Project Scope: The project involved the design and construction of a filtered tailings plant designed to produce a low-moisture filter cake for surface haulage to the surface tailings storage facility
Slide 45: Pastefill - Surface Binder Storage and Blending Plant
Pastefill - Surface Binder Storage and Blending Plant TSX: KNT OTCQX: KNTNF October 2025 Paste Plant – Binder Storage The Binder Storage and Blending Facility is designed to support the underground paste plant operations by enabling efficient delivery, blending, and storage of cement, slag, and tail
Slide 46: Underground Paste Plant – Operational Overview
Underground Paste Plant – Operational Overview TSX: KNT OTCQX: KNTNF UG PASTE PROCESS SEQUENCE 1 Filter cake delivered Haul trucks tip filter cake into the silo on the top level. 2 Metered feed A feeder and flat conveyor meter cake into the paste mixer. 3 Binder slurry Binder and water are mixed in
Slide 47: Underground Paste Plant - Operational Overview
Underground Paste Plant - Operational Overview TSX: KNT OTCQX: KNTNF UG Paste Plant – Key Benefits Strategic Location Selection Central Location – Plant at ~1205 mRL, central to the orebody in both depth and strike: gravity feed to the lower mine, pumped supply to the upper and lateral extents (upfi
Slide 48: Underground Paste Plant Progress
Underground Paste Plant Progress TSX: KNT OTCQX: KNTNF Paste Plant Overview 1205 Tails Hopper / Feeder Paste Plant – UG Plant 1225 Tails Tip Project Scope: The design, supply, and installation of an underground paste plant which can mix, pump and 1205 Feeder / Mixer distribute a consistent high qual
Slide 49: Life Of Mine Underground Material Handling System
Life Of Mine Underground Material Handling System TSX: KNT OTCQX: KNTNF Material Handling System Design Flat Grizzly Design Material Handling Project Scope: 4 7 To facilitate a material handling system capable of moving ore and waste material from upper levels to 840 haulage level. • Maximize pass u
Slide 50: Existing Operational Underground Ore & Waste Passes
Existing Operational Underground Ore & Waste Passes TSX: KNT OTCQX: KNTNF 1245 Waste Pass 840 Bogger Load Out Existing Waste and Ore Passes The objective of the system is to leverage gravity flow of 4 material in waste/ore passes to efficiently move ore and waste 7 from the upper mine levels to the
Slide 51: Underground Mine Water
Underground Mine Water TSX: KNT OTCQX: KNTNF Water Reticulation Detailed Design 1325 Dam and Pumpstation Mine Water Project Scope: 4 7 Delivers the core underground water network to sustain production, paste reticulation, and process demand through 2027. The system maximizes groundwater reuse, minim
Slide 52: Underground Primary Vent Fans
Underground Primary Vent Fans TSX: KNT OTCQX: KNTNF Primary Vent Fans Primary Vent Fans – E&I Primary Fan Station Project Scope: Design, supply, and installation of a primary ventilation fan station; • Airflow rate of 600 m3/s, with mine resistance set at 0.0089 N s²/m⁸. • Future expansion to +700 m
Slide 53: River Crossings / Haul Roads
River Crossings / Haul Roads TSX: KNT OTCQX: KNTNF Lower Baupa - Dual Span Bridge Kasese - Culvert Crossing Kokomo - Single Span Bridge River Crossing/Haulage Road Project Scope: This project aims to increase the truck haulage capacity of the haulage road connecting the mine to the mill allowing for
Slide 54: River Crossings / Haul Roads – 12 Month Progress
River Crossings / Haul Roads – 12 Month Progress TSX: KNT OTCQX: KNTNF Snake Hill Kasese Culvert Kokomo Bridge October 2025 October 2025 October 2025 October 2026 October 2026 October 2026 Old River Crossing (20t payload restriction - being dismantled) 54
Slide 55: Maintenance Facilities
Maintenance Facilities TSX: KNT OTCQX: KNTNF Workshop October 2025 October 2025 Workshop: An open-plan workshop design strategically enhances operational efficiency and collaboration, offering a flexible spatial arrangement that can be reconfigured with ease to meet the shops workflow. • This layout
Slide 56: Kumian Tailings Storage Facility – Stages 1C, 2 & 3
Kumian Tailings Storage Facility – Stages 1C, 2 & 3 TSX: KNT OTCQX: KNTNF Stage 3 – Lift 34/27 MWR and Alluvial placement in embankment Tailings Storage Facility Project Scope: Project will deliver a LOM tailings solution by expanding the existing Tailings Storage Facility (TSF), constructing a new
Slide 57: New Tailings Storage Facility – Baupa TSF
New Tailings Storage Facility – Baupa TSF TSX: KNT OTCQX: KNTNF New TSF Selected Location Baupa TSF Layout LOM TSF Design Project Scope: The design, permitting and construction of LOM tailings facilities to capture tailings material for the mine operation: • New TSF Detailed Engineering and permitti
Slide 58: Temporary Filtered Tailings (Dry Stacked) Storage Facility Trial
Temporary Filtered Tailings (Dry Stacked) Storage Facility Trial TSX: KNT OTCQX: KNTNF Temporary Filtered TSF Site Temporary Filtered TSF Temporary Tails Storage Trial General Arrangement Project Scope: The construction of a trial dry stacking facility with an aim to help improve operational flexibi
Slide 59: Exploration
Exploration Robert Smillie, VP Exploration
Slide 60: Kainantu Project Area
Kainantu Project Area TSX: KNT OTCQX: KNTNF New Guinea Major Mineral Deposits Regional Geology Kainantu is situated in one of the most prospective geologic districts in Papua New Guinea and globally 60
Slide 61: Kainantu Project Area – in a World Class Au-Cu Province
Kainantu Project Area – in a World Class Au-Cu Province TSX: KNT OTCQX: KNTNF Exceptionally Well-Endowed District 0 100Km • Large mineralized porphyries and vein deposits focused in the New Guinea 0 thrust belt. • Combined, the Eastern Highlands and Morobe Provinces contain in excess of 100 Million
Slide 62: Kainantu Project Area
Kainantu Project Area TSX: KNT OTCQX: KNTNF Large 836.8km2 land package • EL470 – 98.21 km2 (27.17 sub-blocks) • EL693 – 95.61 km2 (27.99 sub-blocks) EL693 • EL1341 – 146.85 km2 (43 sub-blocks) EL2620 ML150 • EL2619 – 159.70 km2 (47 sub-blocks) EL2619 EL470 • EL2620 – 200.52 km2 (59 sub-blocks) EL13
Slide 63: Multiple Projects, Prospects and Targets
Multiple Projects, Prospects and Targets TSX: KNT OTCQX: KNTNF Wide-ranging Exploration Program • Numerous high-ranking targets across all six ELs. • Exceptional land package with huge mineral potential. • Majority of projects and targets lie within the Kainantu Transfer Zone. • Road network (branch
Slide 64: K92 Exploration Strategy
K92 Exploration Strategy TSX: KNT OTCQX: KNTNF Prioritised Program of Development and Discovery • Expand the current gold Resources - extend Kora and Judd from underground & surface drilling. • Locate and prove up new resources close to the plant to support Stage 4/Stage 5 expansion – focus on vein-
Slide 65: K92 Exploration Team – Capability & Capacity to Deliver
K92 Exploration Team – Capability & Capacity to Deliver TSX: KNT OTCQX: KNTNF Supercharged Team / Equipment • Highly experienced National and Expatriate Team with international country-wide experience. • Over 400 personnel, including contractors and casuals. • 14 diamond drill rigs – 7 surface (incl
Slide 66: Social License to Explore
Social License to Explore TSX: KNT OTCQX: KNTNF Partnering with our Communities • Exploration Team works hand-in-glove with the K92 Community Affairs Team. • The aim is to continue to deepen positive partnerships with local communities to obtain social licence to explore across our ELs. • Our near-m
Slide 67: Exploration Targets Overview – Veins and Porphyries
Exploration Targets Overview – Veins and Porphyries TSX: KNT OTCQX: KNTNF Porphyry Targets Epithermal Targets / Deposits • Tankaunan • Irumafimpa Extension • Kokofimpa • Kora • Timpa • Kora South • A1 (Headwaters) • Judd • Blue Lake • Judd South • Efontera • Judd North • Kathnell • Karempe • Yomposs
Slide 68: Geophysical Coverage – ML150 & EL470
Geophysical Coverage – ML150 & EL470 TSX: KNT OTCQX: KNTNF Key Facts • Conductive zones contours (86 Hz) over the geology and known mineralization, geochemical anomalies, porphyry and vein targets. • Positive correlation of known deposits, both veins and porphyries with conductivity. • Numerous high
Slide 69: Exploration Target: Kora, Kora South, Kora North & Kora Deeps
Exploration Target: Kora, Kora South, Kora North & Kora Deeps TSX: KNT OTCQX: KNTNF Kora Deeps Drilling Has Commenced Targeting to 500m RL over the next 12 months Multiple Highly Prospective Exploration Fronts Being Drilled Concurrently Kora Deeps, Kora North and South Deeps Underway from Twin Incli
Slide 70: Latest Drilling Results Kora-Kora South – K1 Vein
Latest Drilling Results Kora-Kora South – K1 Vein (February 18, 2026) TSX: KNT OTCQX: KNTNF Key Facts • All holes intersected mineralization • High-grade zone extended up-dip from main underground mining area with higher grades than resource model in multiple zones, including: • KMDD0893 – 4.95 m at
Slide 71: Latest Drilling Results Kora-Kora South – K2 Vein
Latest Drilling Results Kora-Kora South – K2 Vein (February 18, 2026) TSX: KNT OTCQX: KNTNF Key Facts • All holes intersected mineralization • Dilatant zone now defined 100 m along strike by 200 m vertical extent, located ~50m from existing underground infrastructure — supporting near-term bulk mini
Slide 72: Judd and Judd South Vein System is Very Underexplored
Judd and Judd South Vein System is Very Underexplored TSX: KNT OTCQX: KNTNF Judd Deeps Drilling Has Commenced Targeting to 500m RL over the next 12 months Judd is Sparsely Drilled, Has at Least 4 Known Veins and Open in All Directions Significant Amount of Drilling Completed Since the Judd Resource
Slide 73: Latest Drilling Results Judd-Judd South – J1 Vein
Latest Drilling Results Judd-Judd South – J1 Vein (February 18, 2026) TSX: KNT OTCQX: KNTNF Key Facts • All holes intersected mineralization • Multiple thick, high-grade intercepts at Judd Deeps up to 300 m below the Twin Incline and 350 m below the MRE, defining 450 m of strike to date, remaining o
Slide 74: Kora and Judd Highlight Intersections From Presentation Images
Kora and Judd Highlight Intersections From Presentation Images TSX: KNT OTCQX: KNTNF Interval True width True width True width Drill Hole ID Gold g/t Silver g/t Copper % Gold Eq Drill Hole ID Interval (m) Gold g/t Silver g/t Copper % Gold Eq Drill Hole ID Interval (m) Gold g/t Silver g/t Copper % Go
Slide 75: Copper Grade Tenor Increasing to the South and at Depth
Copper Grade Tenor Increasing to the South and at Depth TSX: KNT OTCQX: KNTNF K2 Vein Copper Grade (%) Long-Section (Looking West) K1 Vein Copper Grade (%) Long-Section (Looking West) Copper grades and tenor continue to increase south toward A1 with the K1 Vein returning higher copper grades at dept
Slide 76: Judd North Resource Extension Drilling – Underway Q3 2026
Judd North Resource Extension Drilling – Underway Q3 2026 TSX: KNT OTCQX: KNTNF Judd North Resource Extension Drilling • Drilling commenced September 2026. • Projected northern extension of the Judd veins J1 & J2, based on previous ug and surface drilling, outside of the resource: • JDD0178: 6.04m @
Slide 77: Near-Mine Projects: Arakompa and Maniape
Near-Mine Projects: Arakompa and Maniape TSX: KNT OTCQX: KNTNF Arakompa and Maniape Veins Key Facts Arakompa • Located ~4.5km from Kainantu process plant, with similar mineralization to the producing high-grade Kora and Judd vein systems. • The target size is very large, with mineralization demonstr
Slide 78: Arakompa is a Very Large and High Priority Exploration Project
Arakompa is a Very Large and High Priority Exploration Project TSX: KNT OTCQX: KNTNF Arakompa consists of multiple high-grade veins, shears, and disseminated mineralisation resulting in bulk mineralized zones Note: See slide 82 for complete grade information for intersections. 78
Slide 79: Two Major High-Grade Veins Confirmed to Date – AR1 and AR2
Two Major High-Grade Veins Confirmed to Date – AR1 and AR2 TSX: KNT OTCQX: KNTNF Drilling at Arakompa has delineated two major sub-parallel veins AR1 and AR2, defined over extensive strike and depth, with both veins remaining open in multiple directions with ~3 m average widths AR1 near-surface high
Slide 80: Arakompa Lodes
Arakompa Lodes TSX: KNT OTCQX: KNTNF KARDD0025, 196.5 – 211.0m – from 199.0 to 211.0 m is 12.0 m at 11.6 g/t AuEq intersection, within a KARDD0002, 144.28 – 149.80m; within intersection of 7.2m at 24.44 g/t Au, 0.10 % Cu, 13 g/t Ag. broader 23.6 m at 6.57 g/t AuEq intersection. Arakompa veins are si
Slide 81: Sizeable Bulk Tonnage Zone Defined & Porphyry Mineralization Discovered
Sizeable Bulk Tonnage Zone Defined & Porphyry Mineralization Discovered TSX: KNT OTCQX: KNTNF Arakompa Project is Very Large: +2km Strike, +800m Vertical and +400m Wide Corridor – Open Along Strike, Depth & Width Latest drilling expanded the near-surface high-grade bulk zone, including 99.0m at 2.90
Slide 82: Arakompa Highlight Intersections From Presentation Images
Arakompa Highlight Intersections From Presentation Images TSX: KNT OTCQX: KNTNF True True True True True Interval Interval Interval Interval Copper From Interval True Interval Hole_ID From (m) To (m) width Gold g/t Silver g/t Copper % Gold Eq Hole_ID From (m) To (m) width Gold g/t Silver g/t Copper
Slide 83: Arakompa Porphyry Cu-Au Mineralisation KARDD0065
Arakompa Porphyry Cu-Au Mineralisation KARDD0065 TSX: KNT OTCQX: KNTNF KARDD0065 Key Facts • Targeted both AR1 and AR2 lodes and deeper porphyry target based on 600m x 600m soil Cu-Mo soil anomaly. • Intersected significant Cu-Au mineralization recording 690.4 metres at 0.30% Copper Equivalent (“CuE
Slide 84: 2026-2027: Vectoring towards Higher-Grade Targets
2026-2027: Vectoring towards Higher-Grade Targets TSX: KNT OTCQX: KNTNF NW SE NW SE 84
Slide 85: 2026-2027: Vectoring towards Higher-grade Targets
2026-2027: Vectoring towards Higher-grade Targets TSX: KNT OTCQX: KNTNF 85
Slide 86: Arakompa is Growing Very Rapidly
Arakompa is Growing Very Rapidly TSX: KNT OTCQX: KNTNF Feb 2024 June 2024 Oct 2024 Feb 2025 Sept 2025 June 2026 (2 Holes Reported) (11 Holes Reported) (30 Holes Reported) (43 Holes Reported) (67 Holes Reported) (100 Holes Reported) Arakompa is rapidly and efficiently growing through expansion of bul
Slide 87: Arakompa Drill Program Rapidly Expanding – 5x Drill Rig Increase
Arakompa Drill Program Rapidly Expanding – 5x Drill Rig Increase from Q1 2024 TSX: KNT OTCQX: KNTNF Kainantu Gold Mine Process Plant and Accommodation Facilities Area Driven by the Outstanding Drill Results to Date the Number of Rigs Has Increased From 1 at Beginning of 2024 to Now 5 Rigs Operating.
Slide 88: Maniape – High Priority Near-Mine Target
Maniape – High Priority Near-Mine Target TSX: KNT OTCQX: KNTNF Historical Results and Potential • 1.5Km west of Arakompa; 1,100m strike & 220m known vertical. • 16 historical holes drilled, including: 49 m at 4.1 g/t Au (incl. 12.5 m at 8 g/t Au) and 7 m at 22 g/t. • Work to date indicates Maniape i
Slide 89: Arakompa-Maniape System: 3D Geological Model from Drilling
Arakompa-Maniape System: 3D Geological Model from Drilling TSX: KNT OTCQX: KNTNF View looking Southwest Maniape Lodes Tankaunan Porphyry N Arakompa Lodes Arakompa Porphyry(s) Arakompa North 500m Setting up base camp for drilling planned Q1 2027 89
Slide 90: Arakompa North – Undrilled Northern Extension of Arakompa
Arakompa North – Undrilled Northern Extension of Arakompa TSX: KNT OTCQX: KNTNF Arakompa North (“Iyompi”) • Northern extension of Arakompa – approx. 1km strike length. • Artisanal workings of massive sulphide and quartz veins, same at Arakompa lodes. • Visible gold in mine workings observed by Explo
Slide 91: Mati-Mesoan – High Priority Undrilled Near-Mine Target
Mati-Mesoan – High Priority Undrilled Near-Mine Target TSX: KNT OTCQX: KNTNF Immediately adjacent to ML150 • Very little previous exploration, no drilling – high priority project within 1.6Km of current mine workings. Arakompa • Gold mineralisation hosted in NW trending faults, parallel to Kora and
Slide 92: Mati-Mesoan – High Priority Near-Mine Target
Mati-Mesoan – High Priority Near-Mine Target TSX: KNT OTCQX: KNTNF Immediately adjacent to ML150 • 1,044 rock chip samples taken to date with 43 returning grades greater than 5.0 g/t Au - highest value being 100.9 g/t Au. Arakompa Maniape Kora, Judd 1km 92
Slide 93: Mati-Mesoan Vein Style Similar to Kora – Consultancy Mapping 2025
Mati-Mesoan Vein Style Similar to Kora – Consultancy Mapping 2025 TSX: KNT OTCQX: KNTNF ▪ Sample photos similar to Kora judd 93
Slide 94: Mati-Mesoan – High Priority Target
Mati-Mesoan – High Priority Target TSX: KNT OTCQX: KNTNF Proximity to ML150 • Gold mineralisation and associated faults in similar NW orientation to Kora and Judd veins. Judd ug drilling • Host rock predominantly metasediment, Kora ug drilling same as Kora-Judd system. ML150 boundary • Geologically
Slide 95: Mati-Mesoan – Artisanal Gold Workings
Mati-Mesoan –Artisanal Gold Workings TSX: KNT OTCQX: KNTNF 2m Thick Vein 95
Slide 96: Near Mine: Koata Ridge Target – Within 1Km of K92 Plant
Near Mine: Koata Ridge Target – Within 1Km of K92 Plant TSX: KNT OTCQX: KNTNF A Stones’ Throw from Plant Plant • NW facing ridge 1-3Km SW of the plant – outlined in red box. • Very sparse historical data - rock chips greater than 5.0 g/t Au, soils over 0.5 ppm Au. • No drilling • Host rocks largely
Slide 97: Q3 2026 Near-Mine UAV Magnetic Survey
Q3 2026 Near-Mine UAV Magnetic Survey TSX: KNT OTCQX: KNTNF Key Exploration Dataset • High-definition UAV magnetics survey completed over the near-mine area in Q3 2026. Bona Creek • 2,600 ha; 75m flight lines, 300m tie lines; 100m ASL. Arakompa Mati Mesoan Maniape • Key new dataset for Exploration T
Slide 98: Blue Lake Porphyry
Blue Lake Porphyry TSX: KNT OTCQX: KNTNF 5th Largest Porphyry in Papua New Guinea K92 Greenfields Discovery 98
Slide 99: Blue Lake Porphyry
Blue Lake Porphyry TSX: KNT OTCQX: KNTNF Resource Definition • Completed 200m spaced grid for inferred resource category from 12 drillholes in 2021. • Potential to expand porphyry shell down plunge – open at depth. • Target potential Au-rich potassic core. KTDD0018: 836.29 - 839.87m; sericite overpr
Slide 100: Blue Lake Porphyry Project – 14.6 moz Maiden Resource
Blue Lake Porphyry Project – 14.6 moz Maiden Resource (August 2022) TSX: KNT OTCQX: KNTNF Blue Lake Resource Summary (August 2022) Large 14.6 moz AuEq Inferred Resource Tonnes Gold Silver Copper Gold Equivalent mt g/t moz g/t moz % mt g/t moz Blue Lake Inferred 686 0.19 4.2 2.4 53.6 0.21 1.4 0.66 14
Slide 101: New Greenfields Discovery – Large Vein System at Wera
New Greenfields Discovery – Large Vein System at Wera TSX: KNT OTCQX: KNTNF Wera Vein System Key Facts • Wera – low-sulphidation epithermal gold system • Road accessible and located ~10km SW from Kora and Judd • Target identified from airborne geophysics MobileMT Survey and review of historical data
Slide 102: Wera Veins & Breccia – Multiple Mineralising Events, Visible Gold
Wera Veins & Breccia – Multiple Mineralising Events, Visible Gold TSX: KNT OTCQX: KNTNF Wera Vein System • Multiple mineralising events apparent from rock samples. • Early hydrothermally altered fragments enclosed by later multi- stage crustiform quartz, chalcedonic quartz, adularia, & later drusy q
Slide 103: Wera UAV LIDAR & Magnetic Survey
Wera UAV LIDAR & Magnetic Survey TSX: KNT OTCQX: KNTNF Enhancing Drill Targeting Survey Team • UAV drone aeromagnetic survey completed by Jakarta- based contractors Enmintech in August 2025. • DTM model generated from LIDAR and photogrammetry. • Magnetics has successfully identified structures and m
Slide 104: Vectoring towards High-Grade Au-Ag Shoots
Vectoring towards High-Grade Au-Ag Shoots TSX: KNT OTCQX: KNTNF • Our geologic understanding of the Wera system continues to improve through scout drilling and surface work. • Using the classic low-sulphidation model, structural and geologic mapping, clay mineralogy analysis, quartz textural zone ma
Slide 105: Aifunka Porphyry & Skarn Project
KD-006: Aifunka Porphyry & Skarn Project 12m @ 3.39 g/t AuEq; 12m 2.16g/t AuEq TSX: KNT OTCQX: KNTNF Undrilled Elandora Porphyry Target • Project approx. 20km SW from ML within EL 1341. • Shallow historical skarn drilling returned 12m @ 3.39 g/t AuEq from 56m, and 12m @ 2.16g/t AuEq from 138m (KD-00
Slide 106: Leveraging Our Data and Technology for Future Discoveries
Leveraging Our Data and Technology for Future Discoveries TSX: KNT OTCQX: KNTNF Improved Drillhole Targeting • K92 has an extensive exploration and geoscience database with large of amount of legacy data going back decades. • Our data is a major K92 asset that underpins our exploration programs – ge
Slide 107: Geology Modelling – Near-mine and Regional
Geology Modelling – Near-mine and Regional TSX: KNT OTCQX: KNTNF Enhancing Geological Understanding • The Exploration Team continue to work with our consultants and published research to develop new geologic models at both the near- mine and regional scales. • Improving K92’s understanding of the ag
Slide 108: Geological Consulting Support and Training
Geological Consulting Support and Training TSX: KNT OTCQX: KNTNF Augmenting Our Geological Expertise • K92 is fortunate to have world-class geoscience consulting support for the Exploration team to enhance targeting and provide world-class training for our team: • Prof Joseph Espi: head of UPNG Eart
Slide 109: Studies: Kora Structural Mapping and Modelling
Studies: Kora Structural Mapping and Modelling TSX: KNT OTCQX: KNTNF Preliminary Structural Mapping and 3D Fault Modelling • Specialist consultant study across LOM footprint to establish conceptual framework for future integrated structural modelling. • Work comprised underground mapping, drill core
Slide 110: Studies: Kainantu Intrusive Rocks Fertility Indicators
Studies: Kainantu Intrusive Rocks Fertility Indicators TSX: KNT OTCQX: KNTNF Geochemical Prospectivity Study 2026 • 15 samples of intrusive rocks from Kora and Arakompa drill core were analyzed for comprehensive Whole Rock geochemistry, including REE, to assess their potential to generate world-clas
Slide 111: Ramping up Exploration
Ramping up Exploration TSX: KNT OTCQX: KNTNF Intensifying Exploration • Plans to ramp-up exploration activities well underway. • Budget for 2026 USD$32 million and plans to increase again in 2027. • Two surface rigs added in 2026 and two additional surface drill rigs ordered for 2027. • Additional s
Slide 112: Significant Pipeline of Highly Prospective Exploration Targets
Significant Pipeline of Highly Prospective Exploration Targets TSX: KNT OTCQX: KNTNF Vein Targets Porphyry Targets Kora/Judd Skarn Operations Kora South / Epithermal & Skarn Judd South Current Exploration Focus Feasibility Exploration Planned Within 24 months Pre-Feasibility Concept Blue Lake Resour
Slide 113: Mining Operations
Mining Operations Tom Paton – General Manager Steve Ahern – Head of Mine Technical Services
Slide 114: Underground Expansion Progress – Last 12 Months
Underground Expansion Progress – Last 12 Months TSX: KNT OTCQX: KNTNF Achievements / Progress • Record 3Q26 development of 3,486 m; monthly records of 1,220 m in July 2026 and 1,174 m in September 2026. Lateral Development • Multiple operational excellence projects and improvement initiatives execut
Slide 115: Mining Physicals Trending Upwards
Mining Physicals Trending Upwards TSX: KNT OTCQX: KNTNF Q3-2026 Q3-2026 Ore Tonnes to Surface (t) - Quarterly Total Tonnes Mined (t) - Quarterly 300,000 600,000 250,000 500,000 200,000 400,000 Tonnes Tonnes 150,000 300,000 100,000 200,000 50,000 100,000 0 0 Development Ore Stope Ore 4-Qtr avg. Waste
Slide 116: Key Mining Physicals Highlights
Key Mining Physicals Highlights TSX: KNT OTCQX: KNTNF HIGHLIGHT IMPACT 01 Monthly Development Metres Exceeding Stage 3 ✓ Opens up the mine building operational flexibility by requirements (1,000 m/mth) and now in line and exceeding developing new mining fronts Stage 4 Requirements (1,200 m/mth) ✓ De
Slide 117: Transitioning to Tier-1 Mine: Stage 3 & Stage 4 Expansions
Transitioning to Tier-1 Mine: Stage 3 & Stage 4 Expansions TSX: KNT OTCQX: KNTNF Milled Tonnes Tonnes Processed • The Stage 3 Expansion is expected to deliver its design 2,000,000 1.8 Mt throughput rate of 1.2 Mtpa in 2027. 1,800,000 1.5 Mt 1,600,000 • Stage 4 Expansion throughput is planned to ramp
Slide 118: Kainantu Mine – Latest Asbuilt
Kainantu Mine – Latest Asbuilt TSX: KNT OTCQX: KNTNF Puma Vent Drive B/T, Portal and all Mining Old Workings Complete 1205 FWD Sth (Exp drive) Twin Inclines Material Pass All Incline and Material pass 5.0m Decline mining 3.0m (completed) connections (completed) completed 118
Slide 119: Life-of-Mine Design + Latest Asbuilt
Life-of-Mine Design + Latest Asbuilt (Based on Sept-23 MRE) TSX: KNT OTCQX: KNTNF Asbuilt KORA JUDD CN Tower 550m tall 119
Slide 120: Development Ramp-up Plan Substantially Executed
Development Ramp-up Plan Substantially Executed TSX: KNT OTCQX: KNTNF • Orica ORBS central blasting system implemented (all stopes and development headings on one system) adding 30 mins operating time per shift Increase the Amount of Operating • Delivery of Phase 3 Ventilation upgrade has reduced re
Slide 121: Development Ramp-up Execution and Continuous Improvement
Development Ramp-up Execution and Continuous Improvement TSX: KNT OTCQX: KNTNF • Site Leadership are utilising systematic Business Improvement principles with regular check ins and progress tracking to deliver priority projects. • Execution of this plan has substantially increased development metres
Slide 122: Additional Jumbo to Arrive in Late 4Q26
Additional Jumbo to Arrive in Late 4Q26 TSX: KNT OTCQX: KNTNF Development Jumbo Fleet Fleet Use Current YE 2026 Lateral Advance 5 6 Rehab/Misc 1 1 Preventative Maintenance 1 1 Replacement Total 7 8 Development Rates Have Now Achieved Stage 4 Expansion Rates Before All-Enablers Complete (i.e. LOM Ven
Slide 123: Current Production Mining Method – Avoca (Longhole Stoping)
Current Production Mining Method – Avoca (Longhole Stoping) TSX: KNT OTCQX: KNTNF Step 1: Establish Top and Bottom ore drives and crosscuts on both Backfill 20m sides (Bogging drive will be on Charging Access Access top of previously backfilled stopes) Step 2: Drill out the entire panel of stopes as
Slide 124: Future Mining Method – LHOS with Pastefill
Future Mining Method – LHOS with Pastefill TSX: KNT OTCQX: KNTNF Step 1: Establish Top and Bottom ore drives (only single access is required) Pastefill line Charging Step 2: Drill out the entire panel of 20m stopes or a single stope + 3 rings. SLOT 1 Access Step 3: Blast the initial slot rise, and p
Slide 125: Backfill Method Comparison – Pastefill vs Loose Rock Fill
Backfill Method Comparison – Pastefill vs Loose Rock Fill TSX: KNT OTCQX: KNTNF Advantages Disadvantages 1. Higher ore recovery 1. Higher capital cost • Reduced pillar sterilization; enables bottom-up and top-down mining. • Requires upfront investment to construct an underground pastefill plant and
Slide 126: Current Practice - Cemented Rock Fill (CRF)
Current Practice - Cemented Rock Fill (CRF) 1345-1405RL TSX: KNT OTCQX: KNTNF CRF Use Benefits Transverse Stoping with Cemented Rock Fill for primary stopes is currently utilised in wider areas of the orebody – typically at the convergence of K1 and K2 lodes delivering the following benefits: • Redu
Slide 127: Pastefill To Unlock Bulk Mining Opportunities – Dilatant Zones
Pastefill To Unlock Bulk Mining Opportunities – Dilatant Zones TSX: KNT OTCQX: KNTNF Twin Incline Dilatant Zones Thick mineralised intercepts encountered proximal to the Twin Incline show potential for bulk mining. Key intercepts include: ~450 kt • KMDD0709: 16.10 m at 15.63 g/t AuEq (11.48 g/t Au,
Slide 128: Stoping Ramp Up Plan Being Delivered
Stoping Ramp Up Plan Being Delivered TSX: KNT OTCQX: KNTNF • Phase 3 Ventilation upgrades delivered and Phase 4 expected to further reduce re-entries and stope bogging cycle times / productivity • Dedicated ore and waste passes now operational – reduces underground trucking demand, moving TKMs to hi
Slide 129: Mining Front Update
Mining Front Update TSX: KNT OTCQX: KNTNF Adding Production Capacity • Mining Front #1 has been the main mining front since Commercial Production. • Mining Front #2 commenced Mining Front #1 stoping in April 2026. • Mining Front #3 Twin Incline (initially from Judd) commenced in September 2026. • Mi
Slide 130: Additional Lateral Development Ore Tonnes
Additional Lateral Development Ore Tonnes TSX: KNT OTCQX: KNTNF Strong Development Performance Driving Increased Development Ore Tonnes • Development ore tonnes have increased significantly from the higher lateral development metres being delivered in 2026. • Development ore metres are expected to r
Slide 131: Underground Mobile Fleet Upgrades and Additions
Underground Mobile Fleet Upgrades and Additions TSX: KNT OTCQX: KNTNF New Equipment 2026 Fleet Fleet Equipment Model Arrived Remaining Use Change YE 2025 YE 2026 Surface Haul Volvo A60J (60t) - 5 3 Addition 8 +8 Trucks Loaders Sandvik LH-517i 7 4 - Add + Replace 9 +2 Loaders Sandvik LH-621i 1 - 1 Ad
Slide 132: Primary Ventilation Upgrades Nearing Completion
Primary Ventilation Upgrades Nearing Completion TSX: KNT OTCQX: KNTNF Primary Ventilation Upgrades Primary Vent Fans PHASE 2 - COMPLETE • Completed in Oct 2025 with the delivery of the 5.0m Diameter Fresh-Air-Rise. • Increased airflow from 150m3/s to 200m3/s. PHASE 3 - COMPLETE • Completed in Februa
Slide 133: LOM Ventilation Strategy
LOM Ventilation Strategy TSX: KNT OTCQX: KNTNF • The mine is currently drawing ~350m3/s of fresh air K92 LOM Ventilation from the KORA Incline (Portal 1), newly developed Puma Vent Drive (Feb-26 breakthrough to surface) and Portal 2; increased from ~200 m3/s. The air is currently exhausted through t
Slide 134: Current Primary Trucking Route
Current Primary Trucking Route TSX: KNT OTCQX: KNTNF Portal 2 Portal 3 Truck Loading Points Twin Inclines at Ore/Waste Passes Fan Station: 5x 132kW Portal 1 2 3 Primary Haulage Route – Two Way Traffic Flow in Single Heading Due to Primary Fan Station (Red X) Blocking Portal 3 Drive 134
Slide 135: Future Dedicated Mine Haulage Routes – Production Fleet
Future Dedicated Mine Haulage Routes – Production Fleet TSX: KNT OTCQX: KNTNF Portal 2 Portal 3 Truck Loading Points Twin Inclines at Ore/Waste Passes Primary Fan Wall Removed – Opens up Portal 3 Drive Primary 60t Volvo Haulage Route – One Way Traffic - In Portal 3 out Portal 2 Portal 1 2 3 ✓ Impact
Slide 136: Future Dedicated Mine Haulage Routes - Paste Binder Fleet
Future Dedicated Mine Haulage Routes - Paste Binder Fleet TSX: KNT OTCQX: KNTNF Kora Incline Paste Binder Fleet Haulage Route - Portal 1 (Kora Incline) Portal 1 2 3 ✓ Impact • Paste binder haulage fleet has a dedicated route to the underground paste plant with no interactions with the production tru
Slide 137: Life of Mine Material Handling System
Life of Mine Material Handling System TSX: KNT OTCQX: KNTNF Material Handling System Design Flat Grizzly Design Material Handling 4 Substantial progress made on the Life of Mine Material Handling system. The objective of the system is to leverage gravity flow of material in waste/ore passes to effic
Slide 138: Life of Mine Material Handling System
Life of Mine Material Handling System TSX: KNT OTCQX: KNTNF Southern Pass Central Pass System System Ore Pass 5.0m (completed) Waste Pass 3.0m (completed) 4th Pass – YE26 3rd Pass – Completion Operational by YE26 138
Slide 139: Underground Mine Water – Life of Mine System
Underground Mine Water – Life of Mine System TSX: KNT OTCQX: KNTNF LOM Mine Water System Water Reticulation Detailed Design System Objective Delivers water network required to sustain production, paste operations, and process demand 7 through LoM. Detail Design has been completed with construction u
Slide 140: Underground Mine Water – Life of Mine System Benefits
Underground Mine Water – Life of Mine System Benefits TSX: KNT OTCQX: KNTNF System Benefits XCUT24 DWG – Clean Water Harvesting Supply to Clean Water Dam High-Quality Water Delivered to Equipment and Infrastructure • Harvesting clean groundwater generated through mine dewatering and redirecting it f
Slide 141: Future Supporting Mine Infrastructure Projects
Future Supporting Mine Infrastructure Projects TSX: KNT OTCQX: KNTNF Project Overviews 1265 Underground Magazine Concept Underground Workshop • 6 new bays to service the underground HV fleet • Readily accessed off the Twin Incline to improve fleet efficiency • Integrated strategy with existing surfa
Slide 142: Geotechnical Ground Consolidation Trials
Geotechnical Ground Consolidation Trials TSX: KNT OTCQX: KNTNF Targeted ground-consolidation trials have commenced to improve stoping ✓ Impact outcomes in fault-affected areas of the orebody, supporting safer and more • Better wall control and lower unplanned dilution risk in areas with less product
Slide 143: Automine - Surface Tele-Remote Bogging From Surface
Automine - Surface Tele-Remote Bogging From Surface TSX: KNT OTCQX: KNTNF Current: Surface Tele-Remote Bogging • The surface tele-remote system enables 24-hour operation, including during shift change and blast re-entry. • Currently, 8 underground loaders are equipped with this capability. Future: S
Slide 144: Material Pass Management Technology
Material Pass Management Technology TSX: KNT OTCQX: KNTNF • Multiple approaches to efficiently manage material movement through the pass system: o Hexagon/Indurad iLevel 1D Pass Monitoring System o Smart radar sensors installed at the top of the pass to provides real time measurement of column heigh
Slide 145: Deswik.Ops – Bridging Planning and Execution
Deswik.Ops – Bridging Planning and Execution TSX: KNT OTCQX: KNTNF Deswik OPS ✓ Impact • Integrates mine planning with shift execution, enabling higher underground productivity, lower unit costs and increased mine physicals for Stage 3 and 4 Expansions 145
Slide 146: Deswik.Ops Detail
Deswik.Ops Detail TSX: KNT OTCQX: KNTNF Micro-scheduled Weekly Planning Showing All Activities Weekly Production Equipment Schedules Prioritised and Easy to Follow Development Lists 146
Slide 147: Measure to Manage Ethos: PowerBI, DRIFT.AI and Connected Mine
Measure to Manage Ethos: PowerBI, DRIFT.AI and Connected Mine TSX: KNT OTCQX: KNTNF • K92 has focused on implementing a Measure to Manage Ethos. Data is Example DRIFT.AI Output gathered from operator tablets and Control Center call ins and centrally managed in Deswik and Power BI databases to produc
Slide 148: Measure to Manage Ethos: Connected Mine
Measure to Manage Ethos: Connected Mine TSX: KNT OTCQX: KNTNF ✓ Impact • Shows mining and maintenance managers/supervisors real time equipment status, location and activity to drive higher equipment utilisation and mining efficiency 148
Slide 149: Sandvik Equipment Remote Monitoring Service (RMS)
Sandvik Equipment Remote Monitoring Service (RMS) TSX: KNT OTCQX: KNTNF Daily Summary – Machine Violations Over Time RMS implemented at Kainantu in May 2026 and now on the majority of Sandvik underground machines enabling the following: o Real-time fleet monitoring: • Continuously captures equipment
Slide 150: Orica ORBS Centralized Blasting Commissioned in 3Q26
Orica ORBS Centralized Blasting Commissioned in 3Q26 TSX: KNT OTCQX: KNTNF Key Highlights • The Orica ORBS system entered operation in late-August and has performed well. • The system enables both production stopes and development to be fired via one centralized blasting on surface. • This has resul
Slide 151: Load Scan Technology - Implemented
Load Scan Technology - Implemented TSX: KNT OTCQX: KNTNF Operational technology introduced in Q2 26 to improve the visibility and consistency of underground and surface truck haulage: • Automatic 3D scans of each truck load before it leaves underground to surface. • Identifies truck under/overloadin
Slide 152: Newtrax – Underground Safety and Fleet Intelligence System
Newtrax – Underground Safety and Fleet Intelligence System TSX: KNT OTCQX: KNTNF • Newtrax Implemented since 2024 including the following systems: o Level 7 proximity detection fully implemented on all LVs and UG fleet (personnel and hazards). Potential to expand to Level 8 / 9 collision avoidance s
Slide 153: Changing Culture Through Innovation
Changing Culture Through Innovation TSX: KNT OTCQX: KNTNF G150 with VisionAI AD Plus 2 technology introduced to improve overall mobile fleet safety: • The G150 system delivers high precision real-time GPS tracking resulting in improved asset visibility, accident detection and driver safety/ behavior
Slide 154: New Underground Mining School – Construction in Progress
New Underground Mining School – Construction in Progress TSX: KNT OTCQX: KNTNF • New Mining School Training Centre under development, located underground, with expected completion by YE26. • Combines classroom learning with practical training: o Computer-equipped training office, with planned fibre-
Slide 155: Summary – Key Takeaways
Summary – Key Takeaways TSX: KNT OTCQX: KNTNF Key Takeaways 01 Continued Positive Mining Physicals • Annualised processing rates nearing Stage 3 Expansion rate of 1.2Mtpa. Momentum for Stage 3 and 4 • Development rates are exceeding Stage 3 Expansion requirement (1,000 m/mth) and at Stage 4 Expansio