Slide 1: Growing Production & Transformative Discoveries
2021 THAYER LINDSLEY AWARD (BEST GLOBAL DISCOVERY) Growing Production & Transformative Discoveries ANALYST SITE VISIT PRESENTATION • October 2022 K1 Vein, Kora Deposit Kainantu Gold Mine Papua New Guinea
Slide 2: Forward-Looking and Cautionary Statements
Forward-Looking and Cautionary Statements 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 securities of K92Minin
Slide 3: Corporate Update
Corporate Update John Lewins, CEO and Director Kainantu Twin Incline
Slide 4: K92 Mining – A Unique Opportunity
K92 Mining – A Unique Opportunity ✓ Rapid, Self-Funded Production Growth AuEq Production & Outlook • Stage 2 expansion completed in late 3Q 2021 to 400,000 tpa • Stage 2A expansion to 500,000 tpa being progressively commissioned during 470 2022, with final commissioning of flotation expansion in Q4
Slide 5: Corporate Structure
Corporate Structure Initial Trade Date May 25th, 2016 Institutional shareholders include (and not limited to): Symbol TSX: KNT, OTCQX: KNTNF, Germany: 92K Avg Daily Volume (12m avg) 1.1 million • 1832 Asset Management • Fidelity • Oppenheimer Capital Structure (as at June/30/2022) • AGF • Fiera • Pa
Slide 6: Underground Assets
+5mozAuEq Resource, High-Grade Assets (N. America, Australia & Europe Primary Listing) Producer Developer Resource Underground Assets (2) 3.5 - 5.0 g/t 3.0 - 3.3 g/t 3.5 g/t $125/t (1) 3.5 g/t 4.3 g/t(2) 3.5 g/t 5.9 g/t 1.8 g/t 1.75 g/t 2.3 - 3.1 g/t Cut-Off Grade Resource 10.8 g/t 7.2 g/t 8.5 g/t 1
Slide 7: Socially Responsible Mining For the Prosperity of Papua New Guinea
Socially Responsible Mining For the Prosperity of Papua New Guinea ▪ At K92, we have a strong focus on the prosperity and development of PNG and the local communities through socially responsible mining. ▪ The success of the mine has brought significant near-term and long-term benefits to our local
Slide 8: Kainantu Mine Safety – A Major Focus
Kainantu Mine Safety – A Major Focus Lost Time Injury Frequency Rate (per 1 million total hours worked) K92 Western Australia Gold Miners 5 4 3 2.20 1.90 2.00 2 1.50 1 0.63 0.42 0.35 0.30 - - 2018 2019 2020 2021 2022 K92 Is Proud to Maintain One of the Best Safety Records in the Australasia Region T
Slide 9: Low Carbon Operation – 2021 GHG Emissions Results
Low Carbon Operation – 2021 GHG Emissions Results K92 2021 GHG Emissions Inventory – Calculated by WSP Consultants Summary of Emissions By Scope Summary of Emissions By Scope Emissions Buildup (Stage 2 Location Based) (Stage 2 Market Based) (Stage 2 Location Based) Total Emissions Emissions Category
Slide 10: Kainantu Mine Geology – May 2017 (Kora North Discovery)
Kainantu Mine Geology – May 2017 (Kora North Discovery) Mine Lease Long Section – Irumafimpa, Kora and Eutompi TSX: KNT OTCQX: KNTNF 10
Slide 11: Long Section from Previous Analyst Tour – September/2019
Long Section from Previous Analyst Tour – September/2019 Mine Lease Long Section – Irumafimpa, Kora and Eutompi TSX: KNT 5 drill rigs operating on property (2 surface & 3 underground) OTCQX: KNTNF 11
Slide 12: Current Resource (End of 2021)
Current Resource (End of 2021) TSX: KNT OTCQX: KNTNF Kora became “one big deposit” & New Discovery at Judd Since Last Visit 12
Slide 13: Latest Drilling Results at Kora – October 2022
Latest Drilling Results at Kora – October 2022 Drill Defined Strike Length is now +2.65 km TSX: KNT OTCQX: KNTNF System is open along strike in both directions and at depth 13
Slide 14: Latest Drilling Results at Judd – October 2022
Latest Drilling Results at Judd – October 2022 Since Judd Resource (Dec/31 2021 Effective Date) TSX: KNT OTCQX: KNTNF Drill Defined Strike Length Increased +130% 14
Slide 15: Kainantu Mine Strategy – Kora and Judd
Kainantu Mine Strategy – Kora and Judd Stage 2 – Expansion to 400,000 tonnes per annum COMPLETED • Process Plant Commissioned in Q4 2020 • Mine Ramp up to 1,100 tpd completed in Q4 2021 • Production at run rate +120,000 ozs AuEq per annum UNDERWAY Stage 2A – Expansion to 500,000 tonnes per annum • +
Slide 16: Kainantu Mine – Stage 2A Expansion
Kainantu Mine – Stage 2A Expansion Key Facts Completed To be Completed • Formal approval for Expansion announced on Oct 7, 2021 to increase existing plant ✓ Additional filter press ❑ Additional float cells, pipes and pumps annual throughput by +25% to 500,000 tpa (1,370 tpd) • Installed and operatio
Slide 17: Operational Performance – Since Commercial Production
Operational Performance – Since Commercial Production AuEq Production (koz) and AISC ($/ozAu) 40koz 40koz 36koz 36koz 35koz 35koz $1,038 $1,057 $1,057 33koz $1,038 26koz 26ko 30koz 30koz 24koz28koz 28koz 30koz 30koz $894 $893 $894 $885 24koz $893 27koz$885 $834 27koz $834 $792 $800 $800 25koz 25koz
Slide 18: Kainantu Mine Execution
Kainantu Mine Execution Total Mill Throughput (kt) Total Development (m) Total Mined Material (kt) 118kt 109kt 1,887m Mill Feed Waste 1,902m 1,826m 223kt 100kt 100kt 1,683m 207kt 1,583m 88kt 1,560m 1,544m 1,540m 1,528m 182kt 172kt 172kt 101kt 76kt 164kt 165kt 73kt 93kt 69kt 1,220m 148kt 1,174m 65kt
Slide 19: Kainantu Integrated Development Plan: Stage 3 DFS & Stage 4 PEA
Kainantu Integrated Development Plan: Stage 3 DFS & Stage 4 PEA Stage 3 DFS Stage 4 PEA • 140% Throughput Increase from Stage 2A Expansion • 240% Throughput Increase from Stage 2A Expansion • Self-Funded, Low Capex • Self-Funded, Low Capex US$177m Initial Pre-Expansion Capex & US$125m US$187m Initia
Slide 20: Kora and Judd Independent Reserve Estimate
Kora and Judd Independent Reserve Estimate Kora and Judd Deposit Reserve Summary (January/2022) Tonnes Gold Silver Copper Gold Equivalent mt g/t moz g/t moz % kt g/t moz Kora Deposit Proven 2.26 7.6 0.55 15 1.1 0.8 19 9.2 0.67 Probable 3.55 5.9 0.67 19 2.2 1.0 34 7.8 0.89 Proven & Probable 5.81 6.5
Slide 21: Life of Mine Plan Material Movement Schedule
Life of Mine Plan Material Movement Schedule Mill Feed Material Movement (kt) and Head Grade (g/t AuEq) Processed Tonnage (kt) Head Grade - AuEq (g/t AuEq) Conversion ofExploration Focused on Inferred & Exploration Focused on Maintaining 850kt 1,200kt 1,200kt 1,200kt Maintaining and Peak Growing Thr
Slide 22: Operating Costs
Operating Costs DFS Operating Costs PEA Operating Costs $1/oz $1/oz $178/oz $168/oz $358/oz $139/oz $164/oz $451/oz $163/oz $134/oz $87/oz $86/oz $545/oz $444/oz $335/oz $343/oz Mining Processing G&A Royalties, Sustaining Accretion By-Product AISC Mining Processing G&A Royalties, Sustaining Accretio
Slide 23: Capital Costs
Capital Costs DFS Capital Costs PEA Capital Costs Mining Mining Processing Plant 91% Processing Plant 89% 45% 43% Paste Plant Paste Plant 23% 24% Other Infrastructure Power Station Other Power Station 2% 5% Infrastructure 7% Owner's Costs 2% 2% Power Supply Owner's Costs Power Supply EPCM Camp Upgra
Slide 24: Life of Mine Plan Production Schedule
Life of Mine Plan Production Schedule Production Profile (koz AuEq) and AISC, Net of By-Product Credits (US$/oz Au) Production (koz AuEq) AISC (US$/oz Au) 215koz ofExploration ConversionExploration Focused InferredFocused on on Maintaining & Exploration Focused on Maintaining Stage 3 DFS $852 $877 2
Slide 25: Life of Mine Plan Cash Flow Estimates
Life of Mine Plan Cash Flow Estimates After-Tax Free Cash Flows (US$m) Conversion of Exploration FocusedFocused Inferred & Exploration on on Maintaining $192m $208m Maintaining Peak and Growing Cash Peak Flows Cash Flows $181m Stage 3 DFS $109m $47m $11m ($14m) ($5m) 2022 2023 2024 2025 2026 2027 20
Slide 26: Gold Price Sensitivity Analysis
Gold Price Sensitivity Analysis After Tax Net Present Value5% – Sensitivity Analysis $1,125m $990m $855m $721m Stage 3 DFS $586m $451m $1,400 / oz Au $1,600 / oz Au $1,800 / oz Au $2,000 / oz Au $2,200 / oz Au $2,400 / oz Au $2.3bn $2.1bn $1.8bn $1.6bn Stage 4 PEA $1.3bn $1.1bn $1,400 / oz Au $1,600
Slide 27: Kainantu Mine – Stage 3 Twin Incline Underway
Kainantu Mine – Stage 3 Twin Incline Underway Kora-Irumafimpa Planned Twin Incline and Development Long Section (Looking West) Advance at end of September 2022 (1,581m)1 Twin incline sized for up to 5mtpa with conveyors TSX: KNT Providing long-term flexibility to expand the operation further OTCQX:
Slide 28: Multiple High Priority Near-Mine Targets
Multiple High Priority Near-Mine Targets Kora & Kora Deeps 1 • • ~20% of original resource target area not yet drilled Kora open to depth and along strike Kora South & Judd South 2 • • Structure extends +1km beyond mining lease Outcrop and historical mining, previously undrilled Judd 3 • • Subparall
Slide 29: Exploration Targets Summary
Exploration Targets Summary Porphyry Targets / Deposits Epithermal Targets / Deposits • Tankaunan • Irumafimpa Extension • Kokofimpa (Kokomo) • Timpa • Kora • A1 (Headwaters) • Kora South • Blue Lake • Judd • Efontera • Judd South • Kathnell • Karempe • Yompossa (Yanabo) • Maniape • Aifunka • Arakom
Slide 30: In Conclusion, K92 remains focused on Expansion
In Conclusion, K92 remains focused on… EXPANSION, EXPANSION AND MORE EXPANSION! Underground Drill Rig Operating at Furthest Cuddy to the South 4th Drill Rig Operating at New Equipment Operating Kora and Judd South TSX: KNT in Twin Incline OTCQX: KNTNF 30
Slide 31: Exploration
Exploration Dr. Chris Muller, Vice President Exploration
Slide 32: Kainantu Project Area
Kainantu Project Area New Guinea Major Mineral Deposits Regional Geology Kainantu is situated in one of the most prospective geologic districts TSX: KNT in Papua New Guinea and the World OTCQX: KNTNF 32
Slide 33: Kainantu Project Area
Kainantu Project Area Exceptionally Well-Endowed District • Combined Eastern Highlands and Morobe Provinces contain in excess of 100 Million ounces gold equivalent • Two active mines and multiple large gold or gold-copper deposits Regional Geology • Deposits localized at or near to intersections of
Slide 34: Kainantu Project Area
Kainantu Project Area Large 836.8km2 land package • EL470 – 98.21 km2 (27.17 sub-blocks) • EL693 – 95.61 km2 (27.99 sub-blocks) • EL1341 – 146.85 km2 (43 sub-blocks) • EL2619 – 159.70 km2 (47 sub-blocks) • EL2620 – 200.52 km2 (59 sub-blocks) • ELA2753 – 135.91 km2 (40 sub-blocks) Large land package
Slide 35: Exploration Targets Overview
Exploration Targets Overview Porphyry Targets / Deposits Epithermal Targets / Deposits • Tankaunan • Irumafimpa Extension • Kokofimpa (Kokomo) • Timpa • Kora • A1 (Headwaters) • Kora South • Blue Lake • Judd • Efontera • Judd South • Kathnell • Karempe • Yompossa (Yanabo) • Maniape • Aifunka • Arako
Slide 36: Aerial Tour of Sites
Aerial Tour of Sites 1 Helipad 2 Mine Portal (800) 3 Mine Portal (1300) 4 Kora Lode 5 Bafo (highest point) 6 Blue Lake Porphyry 7 A1 8 Tankaunan 9 Maniape / Arakompa 10 Tailings Storage Facility 11 Kumian Camp TSX: KNT OTCQX: KNTNF 36
Slide 37: Highlights and Forecast
Highlights and Forecast Milestones Outlook • Declared significant Kora (& Judd) resource upgrade, with • Expand Kora and Judd inferred resource well into EL470 several twin, infill and step out holes drilled from surface. though systematic drilling from surface, of K1, K2, J1, J2 and additional lode
Slide 38: Kora South and Judd South
Kora South and Judd South TSX: KNT K92 is the first company to drill Kora South and Judd South OTCQX: KNTNF 38
Slide 39: Kora South and Judd South Drill Program
Kora South and Judd South Drill Program Rapidly Expanding Drill Program • 100m spaced pierce points (K2) for inferred resource. • Drill testing Kora (K1, K2) and Judd (J1, J2) on step out sections to delineate. • Focus has been on defining magnitude to strike potential by “bridging gap” to A1 Prospe
Slide 40: Kora South and Judd South Mineralization Style
Kora South and Judd South Mineralization Style KUDD0002: 383.2m_bornite-cpy_0.97Au_22.18Cu KUDD0002: 383.4m_bornite-cpy_2.62Au_22.17Cu KUDD0002: 384.2m_massive-cpy_2.62Au_22.17Cu Mineralization Style is very similar to Kora and Judd, TSX: KNT OTCQX: KNTNF with some holes delivering massive copper in
Slide 41: Dilatant Zones – Potential Endowment Multiplier
Dilatant Zones – Potential Endowment Multiplier Unique Mineralization Style with High Potential • Mineralization styles at Kora South and Judd South similar to Kora and Judd • A potentially unique element to Kora South and Judd South is the occurrence of dilatant zones • Dilatant zones are broad wid
Slide 42: Latest Drilling Results Kora-Kora South – K2 Vein Drilling
Latest Drilling Results Kora-Kora South – K2 Vein Drilling (Oct/18, 2022) Key Facts • All holes intersected mineralization and drilled deposit strike extended by ~600m • Kora South • K2 average intersection true thickness 3 m, showing the structural environment remains robust. • K2 over its entire s
Slide 43: Latest Drilling Results Kora-Kora South – K1 Vein Drilling
Latest Drilling Results Kora-Kora South – K1 Vein Drilling (Oct/18, 2022) Key Facts • All holes intersected mineralization • Latest drilling results extended K1 strike by ~600 metres to the South • Multiple solid intersections within Kora-Kora South • KMDD0481 – 4.7m true thickness at 43.40 g/t AuEq
Slide 44: Latest Drilling Results Judd-Judd South – J1 Vein Drilling
Latest Drilling Results Judd-Judd South – J1 Vein Drilling (Oct/18, 2022) Key Facts • Known strike length extended by ~600 m to the South, with all holes intersecting mineralization. • 61% of surface holes are +5 g/t AuEq • Average thickness of 3.8m • Drilling since Judd Resource (Dec 31, 2021 effec
Slide 45: Kora South is Open & Could Be Very Exciting As We Get Closer to A1
Kora South is Open & Could Be Very Exciting As We Get Closer to A1 Surface Surface Targeting Targeting Limited Deeper Target Drilling (UG Focused) Proximity to large Porphyry & Converging Structural Environment = Highly Prospective TSX: KNT Current Resource Base Potentially Only the Tip of the Icebe
Slide 46: Judd South Also Looks Very Exciting Towards A1
Judd South Also Looks Very Exciting Towards A1 Surface Surface Surface Targeting Targeting Targeting Limited Deeper Targeted Drilling from Surface (UG Focused) Judd-Judd South is Wide Open up/down-dip & along strike to Expand Endowment TSX: KNT OTCQX: KNTNF Surface Sampling Program at A1 Underway 46
Slide 47: Exploration Target: Karempe
Exploration Target: Karempe Karempe Vein Key Facts • 2 km strike length as determined from surface mapping, open ended at both northern and southern extents. • Structural corridor contains at least five distinct lodes (K1 – K5) that can be traced across widely spaced (100m) drill traces. • Lodes are
Slide 48: Exploration Target: Karempe
Exploration Target: Karempe Minerology • Massive sulphide and crystalline quartz lodes, as at Kora and Judd. • Mineralisation essentially all hosted in intrusives, as opposed to metasediments as in Kora and Judd. KRDD0006: Tray86_300.06-303.70m KRDD0005: 239.7m KRDD0005: Tray69_237.30-240.83m TSX: K
Slide 49: Exploration Target: Karempe
Exploration Target: Karempe Karempe Drill Pad Rugged Terrain results in limited suitable surface drill access TSX: KNT OTCQX: KNTNF 5 Veins Intersected with Two Veins Delivering Strong Results 49
Slide 50: Exploration Target: Arakompa and Maniape
Exploration Target: Arakompa and Maniape Arakompa and Maniape Veins Key Facts • Arakompa – ~1000m strike and known vertical of 320m (open at depth) • Significant number of high-grade, +15g/tAu intersections • Historic resource of 798koz at 9.0g/tAu • Maniape – ~1100m strike & 220m known vertical • 1
Slide 51: Blue Lake Porphyry
Blue Lake Porphyry 5th Largest Mineralized Porphyry in Papua New Guinea TSX: KNT OTCQX: KNTNF K92 Greenfields Discovery 51
Slide 52: Blue Lake Porphyry
Blue Lake Porphyry Resource Definition • Completed 200m spaced grid for inferred resource category • Target Au-rich potassic core • Expand porphyry shell down long axis KTDD0018: 836.29 - 839.87m; sericite overprinting biotite, disseminated mag-cpy, laminated-qtz-mag-cpy-vns. Part of 200 m interval
Slide 53: Blue Lake Porphyry – Drill Plan
Blue Lake Porphyry – Drill Plan Resource Definition • Drilled across the strike of the main intrusive complex • Maiden inferred resource completed in August 2022 • 43-101 instrument lodged for Blue Lake Porphyry in September, 2022 Highly efficient exploration program moving from field mapping/surfac
Slide 54: Blue Lake Porphyry – Drill Core
Blue Lake Porphyry – Drill Core KTDD0018_812.8m_ser-overprinting-biot_dissem-mag-cpy_laminated-qtz-mag-cpy- KTDD0018_842.4m_biotite-sericite-mag-cpy_0.57Au_0.36Cu vns_PET-005_1.40Au_0.43Cu KTDD0018_845.2m_strong-qtz-mag-cpy_ser-poss-chl-overprint_0.41Au_0.30Cu KTDD0018_892.5m_biotite_ser-overprint_s
Slide 55: Blue Lake Porphyry – Geological Model
Blue Lake Porphyry – Geological Model Lithological Model Alteration Model Stockwork Vein Model Open Open Open Open Open Open Open Open Open TSX: KNT Prospective lithology, alteration and stockwork vein model open to depth OTCQX: KNTNF 55
Slide 56: 10.8 moz Maiden Blue Lake Maiden Resource (August 2022)
10.8 moz Maiden Blue Lake Maiden Resource (August 2022) Blue Lake Resource Summary (August/2022) Large 10.8 moz AuEq / 4.7 mlbs CuEq Tonnes Gold Silver Copper Gold Equivalent Copper Equivalent Inferred Resource mt g/t moz g/t moz % Blb g/t moz % Blb Blue Lake Inferred 549 0.21 3.7 2.42 43.0 0.23 2.9
Slide 57: Blue Lake Porphyry – Summary & Forward Program
Blue Lake Porphyry – Summary & Forward Program • The maiden drill hole, KTDD0001, intersected porphyry • Mineralisation is approximately equal Au:Cu, with a mineralization, yielding 174.6m @ 0.64 g/t AuEq (0.28 g/t particularly Au-rich core, which is open to south-east. Au, 0.22 % Cu). • Very clean,
Slide 58: Geophysics – Integrated (ML150, EL470)
Geophysics – Integrated (ML150, EL470) Key Facts • Conductive zones contours (86 Hz) over the geology and known mineralization, geochemical anomalies, porphyry and vein targets • Impressive correlation of known deposits, both veins and porphyries with conductivity. • Conductivity implies continuatio
Slide 59: A1 Prospect
A1 Prospect Globally Significant Target! • Porphyry-style alteration & mineralization • Part of 7 x 2 km Clay-Alunite-Sericite-Silica Lithocap • Pyrite-enargite mineralised polymictic hydrothermal breccias • ‘Fertile’ Elandora intrusions at major structural intersection • Proximal to Irumafimpa-Kora
Slide 60: Geochemistry – Defining Regional Anomalies
Geochemistry – Defining Regional Anomalies Yarr Tree Prospect (EL470 / EL2619) Au ppb (Geochem) Cu ppm (Geochem) Yarr Tree Prospect – Yet another Cu-Au Porphyry Target TSX: KNT OTCQX: KNTNF 60
Slide 61: Maturity & Ranking
Maturity & Ranking Operations Resource Potential (Au equiv.) 3 year plan – Kora +0.5 Moz move all up, or out South Judd Feasibility +1 Moz +3 Moz Pre-Feasibility Arakompa +5 Moz Maniape Concept Kotampa +10 Moz Reserve Definition (Blue Lake) Advanced Karempa Accessibility Target Efontera Yompossa (Ya
Slide 62: New target – Major potential dilatant zone south of Kora/Judd
New target – Major potential dilatant zone south of Kora/Judd TSX: KNT OTCQX: KNTNF +500 x 100m gold-mineralized zone at interface of Kora and A1 62
Slide 63: Underground Geology
4.6m True Thickness at 116.49g/t Au, 17g/t Ag, 0.96% Cu K1 Vein, Kora Deposit Kainantu Gold Mine Underground Geology Trotsky Benjamin, MTS Principal Andrew Kohler, Chief Geologist
Slide 64: Active Lodes Locations Underground
Active Lodes Locations Underground Kora a major focus since 2H 2017 TSX: KNT OTCQX: KNTNF Judd a priority after discovering high-grade underground in Q3 2020 64
Slide 65: Deposit Geology Overview
Deposit Geology Overview The Kora – Irumafimpa – Judd lode system sits within a 200m wide structural corridor containing sheared zones of mineralisation over several kilometres in strike length, trending north-south, cutting through predominantly metamorphic phyllite/low grade shist formations. ▪ Th
Slide 66: Lode Intercept Geology (K1 – KMDD0383)
Lode Intercept Geology (K1 – KMDD0383) Width (m) Au_ppm Ag_ppm Cu_% Au Eq • Overprinting, quartz, • Massive sulphides (pyrite- 4.06 105.96 11 0.60 106.98 sulphides hydrothermal chalcopyrite veining) brecciated veining TSX: KNT OTCQX: KNTNF 66
Slide 67: Lode Intercept Geology (K2 – KMDD0147)
Lode Intercept Geology (K2 – KMDD0147) Width (m) Au_ppm Ag_ppm Cu_% Au Eq 6.44 107.55 103 1.50 111.15 • Hydrothermal brecciated quartz-sulphides veins • Massive sulphides (pyrite- chalcopyrite sheeted veining) TSX: KNT OTCQX: KNTNF 67
Slide 68: Lode Geology (K2 – KMDD0177)
Lode Geology (K2 – KMDD0177) KMDD0177 Drill Core Intersecting Massive Bornite Mineralization From 196.4m to 211m Massive sulphides (pyrite-chalcopyrite-bornite) veining/mineralization hosted within a wider intercept zone of brecciated quartz-sulphides veining. 6.12m TW@ • 5.96ppm Au, 35ppm Ag, 3.32
Slide 69: Lode Intercept Geology (J1 – JDD0006)
Lode Intercept Geology (J1 – JDD0006) Width (m) Au_ppm Ag_ppm Cu_% Au Eq 5.30 256.09 112.9 0.42 257.94 • Cockade, brecciated quartz- carbonate veins. • Associated with milled brecciation. • Localized banded texture. • Disseminated sulphides (pyrite –chalcopyrite mineralization) • Sulphides (pyrite-c
Slide 70: Vein Mineralization Styles – Kora and Judd
Vein Mineralization Styles – Kora and Judd Styles of Kora and Judd Mineralization • a) Banded quartz sulphide, • b) Vuggy quartz sulphide, • c) Quartz- Massive sulphide, • d) Brecciated quartz- massive sulphide, • e) Brecciated quartz sulphide, • f) Polyphasal quartz vein breccia, • g) Cockade quart
Slide 71: Kora Lodes Mineralization Styles – continued
Kora Lodes Mineralization Styles – continued...(DDH Core) K1 Lode mineralisation K1 Lode KMDD0022 KMDD0086 From 14.6m to15.2m From 50.00 to 51.6m Vuggy quartz sulphides Brecciated quartz sulphides • Py > Cpy • Py > Cpy 0.6m @ 1.19m @ • 22.55ppm Au • 46ppm Au • 5.1ppm Ag • 6ppm Ag • 0.07 % Cu • 0.16
Slide 72: Lode Geology – J1
Lode Geology – J1 • Same mineralization styles • Same mineral assemblage • Variations in sulphides mineralization intensity JDD0106 From 293m to 294m mod vuggy , brecciated quartz-sulphides (pyrite-chalcopyrite ) vein 0.42m TW @ • 43.31ppm Au • 6ppm Ag • 0.11 % Cu JDD0063 From 102.99m to 103.97m Mod
Slide 73: Development Face Geology – J1 example (1285 Level)
Development Face Geology – J1 example (1285 Level) 5.2m at 13.48 g/t Au, 25 g/t Ag, 2.34% Cu (17.55 g/t AuEq) Late sulphides (pyrite -chalcopyrite mineralization overprinting brecciated quartz veining) TSX: KNT OTCQX: KNTNF 73
Slide 74: Development Face Geology – J1 another example (1235 Level)
Development Face Geology – J1 another example (1235 Level) 5.2m at 13.48 g/t Au, 25 g/t Ag, 2.34% Cu (17.55 g/t AuEq) TSX: KNT OTCQX: KNTNF 5.5 m at 109.54 g/t AuEq 74
Slide 75: Drilling and Resource Growth
Drilling and Resource Growth • Currently running 6 LM90 diamond drill rigs underground – all owned and operated by K92 Mining Ltd. • Drilling metres achieved steadily increasing over the last 4 years. • FY2022 Drilling target : 2/3rd resource expansion, 1/3rd resource upgrade K92 owns and operates a
Slide 76: Drilling Coverage To Date
Drilling Coverage To Date TSX: KNT Kora is open to the South, North and at Depth OTCQX: KNTNF Northern Deeps is a new exploration front 76
Slide 77: Kainantu Mine Geology – Kora: Oct/2021, Judd: Dec/2021
Kainantu Mine Geology – Kora: Oct/2021, Judd: Dec/2021 (Latest Resource) TSX: KNT OTCQX: KNTNF 77
Slide 78: Kora Deeps, Northern Deeps (Irumafimpa) Immediate Drill Targets
Kora Deeps, Northern Deeps (Irumafimpa) Immediate Drill Targets Exploration has potentially only uncovered the “tip of the iceberg” TSX: KNT Twin incline to provide a big boost to exploration at depth OTCQX: KNTNF 78
Slide 79: Judd (South, Deeps, Upper North) Long-Term Drill Targets
Judd (South, Deeps, Upper North) Long-Term Drill Targets Judd is Sparsely Drilled, Has at Least 4 Known Veins and Open in All Directions Exploration at Judd to Depth will also see a big boost from the Twin Incline TSX: KNT OTCQX: KNTNF 79
Slide 80: Kora Resource Cross Section
Kora Resource Cross Section Key Points 58900mN Cross Section (Looking North) • K1 and K2 are persistent along strike and dip AuEq Grade • Represent ~94% of the Kora resource 0 to 0.5 g/t • Excellent geometries for mining 0.5 to 1 g/t 1 to 2.5 g/t • High hit rates for both thickness and grade from dr
Slide 81: K1 and K2 Face Sample Intercept 1185 Level
K1 and K2 Face Sample Intercept 1185 Level • Face sample lengths across the lode and ore drives • Sampling demonstrates consistent grade continuity along ore drive strike length • AuEq: Au= $1,600USD and Cu=$3.75/lb, Ag=$20. AuEq= Au g/t + (Ag g/t * 0.0125) + (Cu% * 1.607) Face intercept AuEq (g/t)
Slide 82: J1 Lode: 1265 Level Face Samples
J1 Lode: 1265 Level Face Samples – AuEq g/t J1 Intercept Segments Face intercept AuEq (g/t) TSX: KNT OTCQX: KNTNF 82
Slide 83: Kora Independent Resource Estimate
Kora Independent Resource Estimate Kora Deposit Resource Summary (October 31/2021) Tonnes Gold Silver Copper Gold Equivalent mt g/t moz g/t moz % kt g/t moz Kora Deposit Measured 2.8 9.1 0.8 16 1.4 0.9 24 10.5 1.0 Indicated 4.4 6.7 0.9 20 2.8 1.0 42 8.4 1.2 Measured & Indicated 7.2 7.6 1.8 18 4.3 0.
Slide 84: Kora High Grade Operational Flexibility is Strong
Kora High Grade Operational Flexibility is Strong Kora Resource Sensitivity Table Measured and Indicated Inferred Au Cut Off Grade Tonnes Gold Silver Copper Gold Equivalent Tonnes Gold Silver Copper Gold Equivalent g/t Mt g/t Moz g/t Moz % Kt g/t Moz Mt g/t Moz g/t Moz % Kt g/t Moz 1.75 7.2 7.62 1.8
Slide 85: Judd Independent Resource Estimate
Judd Independent Resource Estimate Judd Deposit Resource Summary (December 31/2021) Tonnes Gold Silver Copper Gold Equivalent mt g/t moz g/t moz % kt g/t moz Judd Deposit Measured 0.22 11.3 0.08 20 0.1 0.7 2 12.6 0.09 Indicated 0.15 7.5 0.04 14 0.1 0.8 1 8.8 0.04 Measured & Indicated 0.38 9.7 0.12 1
Slide 86: Judd Also Has High Grade Flexibility
Judd Also Has High Grade Flexibility Judd Measured and Indicated Inferred Au Cut Off Grade Tonnes Gold Silver Copper Gold Equivalent Tonnes Gold Silver Copper Gold Equivalent g/t Mt g/t Moz g/t Moz % Kt g/t Moz Mt g/t Moz g/t Moz % Kt g/t Moz 1.75 0.4 9.70 0.12 18 0.2 0.74 2.8 11.00 0.13 1.0 4.24 0.
Slide 87: Kora K1 & K2 Vein Resource Long-Sections
Kora K1 & K2 Vein Resource Long-Sections – 1.75 g/t Au Cut-Off K1 Vein (1.75 g/t Au Cut-off, Looking West) K2 Vein (1.75 g/t Au Cut-off, Looking West) 200 m 200 m 200 m 200 m Open Open AuEq Grade 1.75 to 2.5 g/t 2.5 to 5 g/t 5 to 15 g/t +15 g/t Open Open TSX: KNT Significant High-Grade Zones Vertica
Slide 88: Judd Resource Long-Sections
Judd Resource Long-Sections J1 Vein (1.75 g/t Au Cut-off, Looking West) J1 Vein (5 g/t Au Cut-off, Looking West) 200 m 200 m 200 m 200 m Open Open Open AuEq Grade 1.75 to 2.5 g/t 2.5 to 5 g/t 5 to 15 g/t +15 g/t Open TSX: KNT OTCQX: KNTNF Judd deposit is open in all directions 88
Slide 89: Kora Geology
Kora Geology Key Points J1 J4 840 Incline • Highly Prospective: K2, K1 Lodes, Kora Link & Judd Projections North and South of MRE K1/M6 800 Incline • South Kora: K2 prominent structure thickens and merges with Kora Link in MRE. K1 & K2 projected PROJECTION NORTH FROM EQUIVALENTLODES FROM K2/R3 KORA
Slide 90: Judd Geology Visuals
Judd Geology Visuals Key Points J1 J4 840 Incline • Highly Prospective: J1 & J4 Projections North and South of MRE the Judd corridor under explored K1/M6 800 Incline PROJECTION NORTH FROM • South Judd: indications of dilation zone plunge, highlighted by KUDD0001, 0002, 0025 & JDD0126 more EQUIVALENT
Slide 91: Continued Resource Growth – Near Mine Underground Drill Targeting
Continued Resource Growth – Near Mine Underground Drill Targeting TSX: KNT OTCQX: KNTNF 91
Slide 92: KMDD0495 – A Major Orebody Vector for Kora Southern Deeps
KMDD0495 – A Major Orebody Vector for Kora Southern Deeps Hole_ID From (m) To (m) Interval (m) True width (m) Gold g/t Silver g/t Copper % Gold Eq g/t KMDD0495 272.45 303 30.55 11.8 4.15 78 4.79 12.82 Including 272.45 274 1.55 0.34 0.73 269 19.9 36.06 Including 274 275 1 0.4 0.64 105 4.09 8.52 Inclu
Slide 93: Resource - Manning
Resource - Manning ROLE CLASSIFICATION FY2022 FY2023 Principal Geologist Principle Geologist Expatriate 1 1 Superintendent - Geology Expatriate 1 1 • Adequate labour distribution to cover Mine Principal - MTS PNG 1 1 production, Drilling, core processing, database Senior Geologist - Mining PNG 4 4 S
Slide 94: Resources: Infrastructure and Software
Resources: Infrastructure and Software • INFRASTRUCTURE • Core processing facility: Currently undergoing upgrade to accommodate 6 (and potentially additional) diamond drill rigs. • Capex allocations for continued upgrades in budget 2023 • Mine Technical services office Expansion approved; constructi
Slide 95: Mining Operations
Mining Operations Warren Uyen, Senior Vice President Operations Chris Kinver, Director Kora Expansion Dave D’Antonio, Mine Technical Services Manager 45t Truck Exiting Kainantu Mine 800 Portal
Slide 96: K92 Mining Physicals – Historical Performance
K92 Mining Physicals – Historical Performance TSX: KNT OTCQX: KNTNF 96
Slide 97: Kainantu Mine – Current Asbuilt EOM Sept 2022
Kainantu Mine – Current Asbuilt EOM Sept 2022 1305mRL Old Workings 1120mRL Twin Incline Advance Twin Incline Incline #2 = 1,460m Incline #3 = 1,420m TSX: KNT OTCQX: KNTNF 97
Slide 98: Mine Design – PEA LOM Longsection (EOM Sept 2022)
Mine Design – PEA LOM Longsection (EOM Sept 2022) Return Air Rise Asbuilt KORA JUDD Old Workings Twin Incline Orepass Fresh Air Rise TSX: KNT OTCQX: KNTNF 98 Fresh Air Rise
Slide 99: Mine Design – PEA LOM Animation
Mine Design – PEA LOM Animation 99 Old Workings Twin Incline TSX: KNT OTCQX: KNTNF 99
Slide 100: Mine Design – Typical Level Layout
Mine Design – Typical Level Layout Asbuilt Incline 5.0mW x 5.5mH K1 I:7 up / down 25.0m Radius K2 TSX: KNT OTCQX: KNTNF 100
Slide 101: Stoping Parameters
Stoping Parameters Stoping Parameters – By Lode Stoping Parameters – By Mining Method LHOS with Stoping Parameter AVOCA Orebody Parameters Hangingwall Footwall Pastefill COG (g/t Au Eq.) 4.5 4.5 Max Strike Length 16 m 20 m Minimum Mining Width (m) 3.0 3.0 K1 Dilution 0.5 m 0.5 m Maximum Mining Width
Slide 102: Stoping Parameters
Stoping Parameters Stope Width Distribution Stope Tonnes Distribution Average Stope Width = 5.5m Average Stope Dilution = 20% TSX: KNT OTCQX: KNTNF 102
Slide 103: Mining Method – Avoca
Mining Method – Avoca Step 1: Establish Top and Bottom ore drives and crosscuts on both sides (Bogging drive will be on Backfill 20m Charging top of previously backfilled Access Access stopes) Step 2: Drill out the entire panel of stopes as UH or DH (120m) Stope 1 Stope 2 Stope 3 Stope 4 15m Stope 1
Slide 104: Mining Method – LHOS with Pastefill
Mining Method – LHOS with Pastefill Step 1: Establish Top and Bottom ore drives (only single access is required) Pastefill line Charging Step 2: Drill out the entire panel 20m of stopes or a single stope + 3 SLOT 1 Access rings. Step 3: Blast the initial slot rise, and production rings for stope 1 (
Slide 105: Mining Method – Pastefill vs AVOCA
Mining Method – Pastefill vs AVOCA ADVANTAGES DISADVANTAGES 1. Increased Recovery 1. Increased Cost o Enables Mining vertically in both directions - BOTTOM UP and TOP o Large Capital Cost to build the pastefill plant DOWN (reduces sill pillar sterilization) o Increased Operating cost per m3 versus w
Slide 106: PEA Mining Physicals - Summary
PEA Mining Physicals - Summary 106 PHYSICAL Total 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Waste t 5,724,586 570,390 791,008 813,006 847,904 778,323 651,210 646,818 434,260 191,667 - - Ore Tonnes Dev Ore (t) t 2,381,745 113,959 188,891 263,801 194,312 263,652 386,515 409,427 512,674 48
Slide 107: PEA Mining Physicals – Ore Tonnes
PEA Mining Physicals – Ore Tonnes 107 Ramp up to 1.7Mtpa Limited DDH data TSX: KNT OTCQX: KNTNF 107
Slide 108: PEA Mining Physicals – Metal AuEq
PEA Mining Physicals – Metal AuEq 108 Ramp up to 500koz Limited DDH data TSX: KNT OTCQX: KNTNF 108
Slide 109: PEA Mining Physicals – Metal AuEq
PEA Mining Physicals – Metal AuEq 109 2.8koz/vm 5.0koz/vm Ramp up to 500koz 1.0koz/vm (Limited DDH data) o Average oz/vertical meter ~ 3,400oz TSX: KNT OTCQX: KNTNF 109
Slide 110: PEA Mining Physicals – Grade AuEq
PEA Mining Physicals – Grade AuEq 110 (Limited DDH data) TSX: KNT OTCQX: KNTNF 110
Slide 111: PEA Mining Physicals – Development Meters
PEA Mining Physicals – Development Meters 111 o Step-up to 1,000 m/mo in 2023 o Step-up to 1,200 m/mo in 2024 TSX: KNT OTCQX: KNTNF 111
Slide 112: PEA Mobile Fleet Requirements
PEA Mobile Fleet Requirements Current Next Peak LOM Equipment Model Fleet 12-months Requirements Trucks Sandvik TH-545i (45t) 5 2 9 Loaders Sandvik 517i (7.0m3) 5 1 10 Jumbos Sandvik DD-421 5 1 8 Production Drills Sandvik DL-421 1 1 5 Cable Bolter Sandvik DS-421 1 - 2 UG Raisebore Sandvik Rhino 100
Slide 113: LOM Ventilation
LOM Ventilation • Currently drawing 155m3/s of fresh air via 3x132kW primary fans at 1185L which is exhausted via the PUMA Incline • 2x 5.0m Raisebores will be developed starting in H1 2023 ~600m length • A fan station with 2x 1,000kW Primary fans with VSD’s will be installed at the bottom on the RA
Slide 114: Ventilation
Ventilation TSX: KNT OTCQX: KNTNF 114
Slide 115: Drill & Blast
Drill & Blast Drilling Example Ring Design • Longhole Rig – Sandvik DL-421 (Horseshoe Rig) • Hole sizes range from 89mm to 200mm • Production Stoping utilizes both Upholes and Downholes • Longhole Rises (Pattern shown on the bottom right) • Up to 15.0m length are fired in 1-lift • Rises >15.0m lengt
Slide 116: Drill & Blast
Drill & Blast Blasting • Bulk Emulsion is used for both Development and Production. • ANFO is kept onsite in small quantities as a backup. • 410 Gasser used for standard holes • 406 Gasser used for perimeter blasting and HW holes (Low density) • Nonel Dets are used for Development headings • Electro
Slide 117: Hydrology - Dewatering
Hydrology - Dewatering Primary Pumping • The Underground dewatering strategy uses gravity to its advantage with the 800 Portal being at a lower elevation than the deposit. • For levels above 1185L, mine water is collected via secondary pumping on levels and sent to a central sump at 1185L. From here
Slide 118: Hydrology - Dewatering
Hydrology - Dewatering Primary Pumping • A Triple WT114 mono pump station is planned to be installed at 1130L to pump water up to the 1185L. This pump station will travel down as mining progresses at depth. • Pump Duty of 80m Static Head and a flowrate of 100L/s • ETA by Dec 2022. • Once the Twin In
Slide 119: Secondary Egress
Secondary Egress Egress and Escapeways • The PUMA incline provides a secondary means of egress from the mine (1325 Puma Portal). • Once the Twin Incline is connected to the main Decline (2024) it will provide a tertiary means of egress from the mine. • In addition to the main travel ways, 1.1m Diame
Slide 120: Technology – Site Wide Communication System Upgrade
Technology – Site Wide Communication System Upgrade 3-Stage Communication System Upgrade 1. Surface Communication Upgrade 2. Underground Fibre Optic Backbone 3. Proximity Awareness System (PAS) TSX: KNT OTCQX: KNTNF 120
Slide 121: Technology – Site Wide Communication System Upgrade
Technology – Site Wide Communication System Upgrade 1. Surface Communication Upgrade o 45m Comms Tower o PTP Antennas to Link Kumian Camp, 1400 Camp and 800 Portal o System will GO LIVE in November TSX: KNT OTCQX: KNTNF 121
Slide 122: Technology – Site Wide Communication System Upgrade
Technology – Site Wide Communication System Upgrade 2. UG Fibre Optic Network Benefits o Fibre optic backbone with a Leaky feeder and nodes o Link all surface communication system with UG o Personnel tag readers & RFID o Live location of personnel and equipment o Data available throughout the UG min
Slide 123: Technology – Site Wide Communication System Upgrade
Technology – Site Wide Communication System Upgrade 3. Proximity Awareness System (PAS) o Collision avoidance technology o Onboard module – dashboard mounted o Installed on all Trucks and Light vehicles o Personnel tags will communicate with vehicles TSX: KNT OTCQX: KNTNF 123
Slide 124: Technology – Tele Remoting
Technology – Tele Remoting Sandvik Automine • Automine is an automation system which enables operators to remotely control underground loaders. • (2) of our Sandvik 517i Loaders have been outfitted with Automine • Previously inaccessible material - material that is beyond the stope brow - can now be
Slide 125: Technology – LIDAR Mapping
Technology – LIDAR Mapping Emesent Hovermap Underground TSX: KNT OTCQX: KNTNF 125
Slide 126: Technology - LIDAR
Technology - LIDAR LIDAR Scanning • EMESENT HOVERMAP was purchased in Q2 2022 • The Hovermap unit will be used for both surface and UG scans • Allows for autonomous flying in GPS denied areas (live 3D streaming to tablet) • Vastly superior results vs tradition CMS scans • 2.2M points per second • Un
Slide 127: Technology – C-ALS Unit
Technology – C-ALS Unit o C-ALS unique 50mm diameter CMS Unit for underground mapping o Sleek design allows the CMS unit to fit in boreholes as small as 60mm o Remote control system with tablet allows you to view scanning results in minutes without having to go to surface. o Improves safety and work
Slide 128: Technology – Boretrak Gyroscope
Technology – Boretrak Gyroscope • Carlson Boretrak2 is a borehole deviation tool • Utilizes a miniature inertial measurement unit (IMU) which contains a triaxial accelerometer, magnetometer and gyro. • Record and visualize 3D drill hole data to generate reports comparing ACTUAL vs DESIGN • Can be us
Slide 129: Mineral Processing & Infrastructure
Mineral Processing & Infrastructure Barend Knoetze, Head of Processing Warren Uyen, SVP Operations Chris Kinver, Director Kora Expansions Kainantu Process Plant (Stage 2 Expanded)
Slide 130: Kainantu Mineral Processing – Key Processing Achievements
Kainantu Mineral Processing – Key Processing Achievements Process Plant – Key Achievements • Tonnes processed increased significantly year on year despite covid. • YTD (Q3) Tonnes milled: 326kt • Throughput close to 60 tph YTD. With steady • YTD (Q3) Recovery: 90% Au rates seen in the plant of 65tph
Slide 131: Kainantu Mineral Processing – Key Processing Achievements
Kainantu Mineral Processing – Key Processing Achievements Debottlenecking from 2021 to Date Total Mill Throughput (kt) • Crushing 118kt • Improved performance of new Grizzley 109kt • Second TC1000 installed and commissioned for 100% redundancy. 100kt 100kt • All conveyor drives upgrade to facilitate
Slide 132: Kainantu Throughput – Multiple Records Set
Kainantu Throughput – Multiple Records Set 1,633 tpd 1,638 tpd 1,642 tpd 1,370 tpd 1,373 tpd 1,282 tpd 1,100 tpd Stage 2 Run-Rate 3Q22 Throughput Stage 2A Run-Rate August 2022 September 20, 2022 July 6, 2022 Daily Record Throughput (July 14, 2022) Process Plant Is Continuing to Set New Throughput Re
Slide 133: Kainantu Mineral Processing – Key Processing Achievements
Kainantu Mineral Processing – Key Processing Achievements Cleaner Floatation Cells Debottlenecking from 2021 to Date • Milling, Flotation and Filtration • Reinstated all auto control valves and control loops. • Upgrade all level control valves to the same brand and size. • Reintroduced a proper reag
Slide 134: Kainantu Mineral Processing – Current Plant
Kainantu Mineral Processing – Current Plant Process Plant – Flow Diagram • Significant work done in the crushing circuit. • Grizzly, secondary crushers and drives. • Stabilized milling and flotation circuits. • Auto control and valving for both water addition in mill and level control in floats. • G
Slide 135: Kainantu Mineral Processing – Next Step for Current Plant
Kainantu Mineral Processing – Next Step for Current Plant Process Plant – Further Upgrades • Milling and Flotation • Install another 2 x 30m3 flotation cells. Doubling rougher capacity and will assist with recovery. • Recommission the scrubber, intent is that material bypass the milling step and hen
Slide 136: Recoveries Remain Strong, Boost to Recoveries Expected Near-Term
Recoveries Remain Strong, Boost to Recoveries Expected Near-Term Process Plant Performance Since Commercial Production 140kt Tonnes Processed (kt) Gold Recovery (%) Copper Recovery (%) 100% 120kt 95% 100kt 90% Recovery (%) 80kt 85% 60kt 118kt 109kt 100kt 100kt 80% 40kt 88kt 69kt 73kt 76kt 65kt 47kt
Slide 137: Producing and Selling Dore Bars in 2Q 2022
Producing and Selling Dore Bars in 2Q 2022 Gold Dore Sales Commenced in 2Q - Gravity Gold Being Ramped Up & TSX: KNT OTCQX: KNTNF Expected to Increased Payabilities and Recoveries 137
Slide 138: Kainantu Mineral Processing – New 1.2Mtpa Plant
Kainantu Mineral Processing – New 1.2Mtpa Plant Key Points • Single stage crushing – better suited for climate and material. • SAG, Ball mill arrangement (1.8Mw each) Good for 150t/hr. For +300koz AuEq per annum. • Purpose build gravity circuit and gold room. • Flotation Circuit – Roughers 40m3 cell
Slide 139: Kainantu Mineral Processing – New 1.2Mtpa Plant (Paste Plant)
Kainantu Mineral Processing – New 1.2Mtpa Plant (Paste Plant) Paste Plant Significance • Improve mining efficiency. • Up to 80% of tails generated could be used for paste which will greatly reduce the storage requirement for the TSF. • Provide more time to identify and licence a new proposed TSF loc
Slide 140: Stage 3 & 4 Expansions – Upgrade to Power Infrastructure
Stage 3 & 4 Expansions – Upgrade to Power Infrastructure Power Upgrade – Site and PPL (Supply) 1 Site Gensets - Current • PPL (PNG Power supply) are setting up for a new supply line 100% for K92 Mining. Desctiption Area KVA Number • Also upgraded supply network via Singsing Cummins C1250 KVA - 415V
Slide 141: Stage 3 & 4 Expansions – Road and Bridges Upgrade
Stage 3 & 4 Expansions – Road and Bridges Upgrade - 800 to Plant Roadway and Bridges Upgrade • Upgrade Bridges 42t to 120t • 2 x 1.27m USD for Kokomo and Baupa Baupa Creek Bridge • 1 x 1.20m USD Kaesese • Total approx. 3.7M G & A for Kokomo & Baupa Bridge G & A for Kaesese Bridge G&A for Kaesese Bri
Slide 142: Stage 3 & 4 Expansions – Accommodation & Camp Upgrade
Stage 3 & 4 Expansions – Accommodation & Camp Upgrade Camp Expansion and Upgrade • Stage 3 • Additional 3 x 64 bed blocks New Accommodation Blocks 20 x 2 bed blocks Mess Expansion 3 x 50 bed blocks • Mess Facility Extension • New CA facility • New HR induction and training centre • Water supply and
Slide 143: Camp Has Continued to Expand with the Mine
Camp Has Continued to Expand with the Mine Kumian Camp in 2014 Kumian Camp in Q4 2022 372 beds, 176 rooms 1337 beds, 773 rooms TSX: KNT OTCQX: KNTNF Camp facilities and accommodation has significantly improved & increased 143
Slide 144: Kainantu Mineral Processing – TSF
Kainantu Mineral Processing – TSF TSF • Current lift to RL515. • Extra 6m of embankment height. • Lift approved to RL517 • About another 2-3 years storage depending on production rates and material compaction. • Finalizing lift requirements to RL520. • Conceptual design to RL530 that could potential
Slide 145: Kainantu Mineral Processing – TSF with Paste backfill
Kainantu Mineral Processing – TSF with Paste backfill TSF with Paste Backfill Tailings Tailings to Paste • Current plan to use half the tails generated as paste in the Year Mill Production generated Tailings to TSF Backfill Plant (*) (**) mine. 2022 435,000 413,250 413,250 - • Benefits 2023 500,000
Slide 146: Community Relations & Programs
Community Relations & Programs Mark Schubert, General Manager Community Affairs
Slide 147: Communities of the Project
Communities of the Project Key Points • The revised MOA has been agreed upon and is awaiting to be signed imminently • Population of approx. 21,000 in project impact area of 500 km2 • Limited access to basic health and educational services and facilities • Landownership under dispute until Land Titl
Slide 148: Land Title Commission Declaration within Tenements
Land Title Commission Declaration within Tenements LMP 78 LTC Adjudicating boundary Process Plant Mine Portal ML 150 TSX: KNT OTCQX: KNTNF 148
Slide 149: Government Stakeholders
Government Stakeholders • Mining is a national government function; however, the law provides for the national government to consult provincial and local level governments. • National Government benefits through taxes and Mineral Resource Authority (MRA) levies. • Provincial Government receives 30%
Slide 150: Key Landowner MOA Institutions
Key Landowner MOA Institutions TSX: KNT OTCQX: KNTNF 150
Slide 151: Key Stakeholders - Landowners
Key Stakeholders - Landowners • The project area proper was (and remains) inhabited only sparsely. However, beyond it and claiming the land on which it stands were several substantial communities. In simplified terms the population can be classified as: • Upper landers: • A1 - Bilimoia villages, app
Slide 152: Memorandum of Agreement – Pending Ratification
Memorandum of Agreement – Pending Ratification Key Features of the Renewed MOA (agreed in principle) • In July 2020, an agreement in principle on a revised five-year Memorandum of Agreement between K92, local landowners, national, provincial and local governments. • 5% interest in ML 150 to be acqui
Slide 153: Diverse and Multiple Community Programs
Diverse and Multiple Community Programs K92 takes significant pride in improving the quality of life and future for the local communities. Some of these initiatives include: • Joint Ventures – Long term empowerment of community via joint venture • Develops local expertise. Local community owns fixed
Slide 154: Delivering Additional & Increasing Benefits to Our Communities
Delivering Additional & Increasing Benefits to Our Communities External Affairs and Community Payments Key Highlights K14,000,000 • Ongoing water provision infrastructure in all four impacted communities. K12,000,000 • Agricultural experimental and teaching farms development has expanded to 8 locati
Slide 155: Delivering Additional & Increasing Benefits to Our Communities
Delivering Additional & Increasing Benefits to Our Communities External Affairs and Community Payments Key Highlights K14,000,000 • Literacy provision in the impacted area, catering for ~200 local community members K12,000,000 • Book distribution (600,000 of them) to schools in Kainantu area, includ
Slide 156: Community Program Highlights – Agriculture
Community Program Highlights – Agriculture Key Highlights • The Sustainable Agriculture Livelihoods program continues to expand each year • Over 100 farmers (~80% women) have participated and gained local knowledge of gardening that includes soil science and new crop introductions in the Pomasi and
Slide 157: Community Program Highlights – Education
Community Program Highlights – Education Key Highlights • K92 continues to build out programs that benefit students of all ages • Our efforts range from teaching basic business skills and improving women’s literacy levels on a local level, to building and refurbishing schools and funding post-second
Slide 158: Community Program Highlights – Adult Literacy Program
Community Program Highlights – Adult Literacy Program Key Highlights • K92’s Adult Literacy Program has been running since late 2019 and is one of our many sustainable development programs • In 2021, 96 students ranging in age from 21 to 75 years old from Bikupimpa and Punano villages in the Kainant
Slide 159: Community Program Highlights – Infrastructure Improvements
Community Program Highlights – Infrastructure Improvements Key Highlights • K92 helped rebuild the road from Aiyamontena to the Unantu Bridge, which was completed in 2021 • This project required building three bridges in addition to associated road work. Construction of the road from the Unantu Brid
Slide 160: Community Program Highlights – Joint Ventures
Community Program Highlights – Joint Ventures Key Highlights Food Sales • Joint ventures with the local communities currently include services such as transportation, security, camp services, catering, maintenance, mobile equipment and exploration support • K92 has created multiple JV business oppor
Slide 161: Community Program Highlights – Business Training
Community Program Highlights – Business Training Key Highlights • For us to work with more JVs and procure goods and services from our local communities, a greater understanding of business skills was required to ensure the success of these ventures • Training is available for landowners who want to
Slide 162: 2021 Sustainability Report
2021 Sustainability Report We feel a tremendous sense of pride from the positive impact the mine has on our communities & Papua New Guinea and encourage reviewing this report TSX: KNT OTCQX: KNTNF 162
Slide 163: John Lewins CEO & Director
John Lewins CEO & Director Contact: David Medilek, P.Eng., CFA Vice President Business Development & Investor Relations E-mail: dmedilek@k92mining.com Phone: +1 (604) 416 4445 17t Bucket Loader Sandvik LH517i LHD Kainantu Gold Mine Papua New Guinea