Slide 1: Q3 2026 Production Update
Transforming resources into opportunity for all Q3 2026 Production Update 15 October 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 Moma Titanium Minerals Mine in Mozambique • Track record of ~20 years of production • >100 years of Mineral Resources at current production rate Trusted corporate citizen • Meaningful contribution to Mozambique economy Moma • Const
Slide 4: Materially stronger production in Q3
Materially stronger production in Q3 Overview of Q3 2026 – operations, capital projects and markets Stronger production Rare earths opportunity Challenging markets • Materially increased production in Q3 • Pre-Feasibility Study (PFS) • Demand for all products remains vs Q2 2026 due to higher excavat
Slide 5: Significant corporate initiatives in Q3
Significant corporate initiatives in Q3 Overview of Q3 2026 – corporate IA renewal remains a priority Possible offer for Kenmare • The Implementation Agreement (IA) • As announced on 6 October 2026, governs the terms under which Kenmare received a non-binding Kenmare conducts its processing proposal
Slide 6: ~60% increase in ilmenite production QoQ
~60% increase in ilmenite production QoQ Q3 2026 operations review Mining Significant increase in Heavy Mineral Concentrate (HMC) production HMC Ilmenite due to higher excavated ore volumes (+22%) at all Wet Concentrator Plants (WCPs) 334,100t 233,600t Lower ore grades (-12%), primarily at WCP A
Slide 7: Improvements at WCP A realised in Q3
Improvements at WCP A realised in Q3 Status update on the WCP A upgrade project New dredges at WCP A Solutions underway to resolve dredge performance issues In H1, the key challenge impacting performance related to the dredges Kenmare has been working with the dredge supplier on two primary issu
Slide 8: Ilmenite weak but zircon continues to tighten
Ilmenite weak but zircon continues to tighten Q3 2026 market review Stable demand for all products Concentrates production by region (Mt)1 Consistent demand but titanium feedstocks market remains challenging 5 Despite this, Kenmare achieved an increased average ilmenite 4 price received in Q3 vs
Slide 9: Transforming resources into opportunity for all
Transforming resources into opportunity for all Delivering Kenmare’s purpose Resilient long-term production profile Cashflow generation through the cycle • One of the world’s largest titanium minerals deposits • Solid record of operating cashflow generation • >100 years of Mineral Resources at curre
Slide 10: Contact us
Contact us Katharine Sutton / David Weeks Investor Relations +353 1 671 0411 ir@kenmareresources.com Follow us Wet Concentrator Plant A