Kenmare Resources Plc · LSE:KMR
Kenmare Resources — Mining Forum Europe 2026
17 slides from Kenmare Resources's conference presentation, Apr 13, 2026
Slide 1: Transforming resources into opportunity for all
Transforming resources into opportunity for all Mining Forum Europe 13-15 April 2026
Slide 2: Disclaimer
Disclaimer This Presentation (the “Presentation”) has been This Presentation does not constitute or form part statements in this Presentation relating to future prepared and issued by Kenmare Resources plc of, and should not be construed as, an offer, financials, results, plans and expectations (the
Slide 3: Established producer, long mine life
Established producer, long mine life Overview: Kenmare Resources plc The Moma Titanium Minerals Mine in Mozambique Track record of ~20 years of production, with ~40 years in Mozambique >100 years of Mineral Resources at current production rate Trusted corporate citizen Meaningful contribution
Slide 4: Mineral sands: essential to modern life
Mineral sands: essential to modern life Demand for Kenmare’s products is driven by global GDP growth and urbanisation in emerging markets Titanium feedstocks (ilmenite and rutile) World GDP World GDP vs vs TiO TiO22 pigment pigment consumption consumption11 TiO2 pigment imparts whiteness and opaci
Slide 5: Market leadership built on a robust strategy
Market leadership built on a robust strategy Strategic priorities and recent performance OPERATE • >$25m invested into community initiatives since 2004 97% OPERATE RESPONSIBLY RESPONSIBLY • Lowest ever All Injury Frequency MOZAMBICAN Rate achieved in 2025 WORKFORCE • Consistent low-cost industry DEL
Slide 6: Sustainability goals advanced in 2025
Sustainability goals advanced in 2025 Four strategic sustainability focus areas • 30% improvement on 3-year rolling average Lost Time Injury Frequency Rate (0.07 per 200k hours Safe and engaged workforce worked) • Largest employer in Nampula Province, with >1,680 direct employees at Moma • Phase 1 o
Slide 7: A globally significant titanium minerals mine
A globally significant titanium minerals mine Moma Mine operating schematic Low cost, bulk mining operation Low environmental impact Mature operation – in production since 2007 Primarily hydro-generated electricity (>90% of electrical Three Wet Concentrator Plants (WCPs) in operation, plus req
Slide 8: 2025 production impacted by WCP A upgrade work
2025 production impacted by WCP A upgrade work 2025 production review Mining HMC Ilmenite HMC production down 15% YoY due primarily to lower excavated ore volumes relating to the WCP A upgrade work 1,233,300t 842,300t Selective Mining Operation (SMO) met its expected production rate of 50,000 to
Slide 9: Financial performance reflects a challenging year
Financial performance reflects a challenging year 2025 financial highlights Average price received Mineral product revenue Total 2025 capital Impairment charge ($/t) ($m) expenditure 463 418 498 327 360 338 421 437 392 $205m $301.3m 312 (2024: $153m) (2024: nil) 2021 2022 2023 2024 2025 2021 2022 20
Slide 10: Securing future production at Moma
Securing future production at Moma Kenmare has upgraded its largest mining plant ahead of its transition to a large new ore zone Wet Concentrator Plant A Mineral Resource by ore zone (THM1) Nataka Namalope 71% 3% Mpuitine 9 billion 5% tonnes Pilivili 3% Quinga North Mualadi 1% Marrua 12% Congolone 1
Slide 11: WCP A project materially de-risked
WCP A project materially de-risked WCP A project capital expenditure schedule WCP A project capital expenditure profile ($m) >80% project capital expenditure incurred by year-end 2025 100 Capital cost estimate for WCP A upgrade and transition to Nataka remains at $341m Unallocated contingency re
Slide 12: Oversupply drove weak market conditions in 2025
Oversupply drove weak market conditions in 2025 Average price received for Kenmare’s products continued to decline Average price received for products ($/t) Titanium feedstocks’ prices weakened but zircon began to 500 stabilise in Q4 Demand for Kenmare’s products was stable in 2025, although 400 p
Slide 13: Kenmare remains well-positioned in its markets
Kenmare remains well-positioned in its markets 2026 market outlook A soft Q1 but a tighter market expected from Q2 Chinese chloride pigment production (Mt)1 The titanium feedstock market continued to be weak in Q1 2026 800 Significant decrease in Kenmare’s average ilmenite price received in Q1 v
Slide 14: Implementation Agreement negotiations ongoing
Implementation Agreement negotiations ongoing Overview of Implementation Agreement (IA) and renewal process Background to IA The IA governs the terms under which Kenmare conducts its processing and export activities, including royalties, an Industrial Free Zone and related fiscal matters - it does
Slide 15: 2026 guidance
2026 guidance1 Kenmare expects to deliver product shipments >1.1Mt in 2026 2026 Guidance 2025 Actual Shipments tonnes In excess of 1,100,000 947,900 Production Ilmenite tonnes In excess of 800,000 842,300 Primary zircon tonnes In excess of 41,000 50,000 Rutile tonnes In excess of 7,500 8,600 Concent
Slide 16: Transforming resources into opportunity for all
Transforming resources into opportunity for all Delivering Kenmare’s purpose Resilient long-term production profile Consistent Consistentlow-cost low-costindustry industryposition position • One of the world’s largest titanium minerals deposits • Consistent record of operating cashflow generation •
Slide 17: Contact us
Contact us Katharine Sutton / David Weeks Investor Relations +353 1 671 0411 ir@kenmareresources.com Follow us Wet Concentrator Plant A