Kgl Resources Limited · ASX:KGL
Kgl Resources — Investor Presentation (October 2025)
30 slides from Kgl Resources's investor presentation, Oct 31, 2025
Slide 1: Investor Presentation October 2025
ASX:KGL For personal use only Investor Presentation October 2025
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer No reliance: To the maximum extent permitted by law, the information in this presentation is given without any liability whatsoever being accepted by KGL or any of its related bodies corporate or their respective directors, officers, employees, advisors and agents (t
Slide 3: Highlights
Highlights KGL Resources Limited's ("KGL" or the "Company") 100%-owned Jervois Copper Project (the "Project") is pursuing Australia's next high-grade copper mine. The Project is fully-permitted with a recent Feasibility Study Update demonstrating attractive economics, low capital intensity and stron
Slide 4: Advancing Jervois Copper Project to construction
Advancing Jervois Copper Project to construction 1 Tender process underway for major contracts For personal use only Financing well advanced with multiple non-binding indicative offers 2 received and optimisations underway Build out of KGL’s owner’s team ongoing, including appointment of highly 3 cr
Slide 5: Jervois Project Overview
For personal use only Jervois Project Overview Jervois Copper Project Update | October 2025 | ASX:KGL 5
Slide 6: Jervois Copper Project
Jervois Copper Project KGL’s Jervois Project is a high-grade polymetallic project mid way between Alice Springs, Northern Territory and Mt Isa, Queensland. • Fully Permitted For personal use only Initial 10 year mine. 2-year delivery timetable coincides with projected Cu supply gap. • High Gra
Slide 7: Feasibility Study Update – Headline numbers
Feasibility Study Update – Headline numbers For personal use only $405 M c.$229 M $112 M 10 Year Post Tax NPV (8%) @ US$4.58/lb Average EBITDA (Steady State) Avg. After-tax Free Cash Flow 1 Mine Life 29 Cu Copper $362 M 30 kt pa $1.95/lb 24% / 3.4 Yrs Pre-production Capital Cost 2 Avg. Annual Cu Pro
Slide 8: Jervois Project FSU25: Key Operating Metrics
Jervois Project FSU25: Key Operating Metrics 2.5 Ore Tonnage Mined by Source - Financial Year 2.0 CuEq Grade (%) Ore Mined (Mt/year) 1.5 For personal use only Assumption Units Value Mine Life Years 10 1.0 Life of Mine Net Revenue A$ billion 4.4 0.5 Life of Mine EBITDA A$ billion 1.9 - Cu Concentrate
Slide 9: Pathway to production in 2027
Pathway to production in 2027 2025 2026 2027 2028 For personal use only Project Financing Enabling Works & Long Lead Items Construction Plant Commissioning & Ramp up Steady State Operations Note: Timetable is indicative only and subject to change. Commencement of construction is subject to securing
Slide 10: Jervois Project: Overview
Jervois Project: Overview Two open pit mines (Reward and Bellbird) and four underground mining areas (Rockface, Reward, Marshall, Bellbird). For personal use only Open cut operations - primary ore feed for first four years using conventional earthmoving equipment. Transition to Underground – i
Slide 11: High-grade undeveloped resource
High-grade undeveloped resource The Jervois mineralization system is unique - IOCG, VHMS and elements of SEDEX mineralization. Total Resource at Jervois 28.9Mt @ 1.8% Copper, with 24.8g/t Silver and 0.2g/t Gold. For personal use only Capturing added value 3D rendition of Jervois copper deposits Lo
Slide 12: Corporate Summary
For personal use only Corporate Summary Jervois Copper Project Update | October 2025 | ASX:KGL 12
Slide 13: KGL Corporate Snapshot
KGL Corporate Snapshot KGL Share Price Performance vs Copper Price Corporate Structure ASX Code: KGL For personal use only 0.25 5.00 A$0.175 A$0.08-$0.20 4.50 0.20 Copper Price US$/lb 4.00 KGL Share Price A$ Share Price 52 week low / high 0.15 3.50 3.00 0.10 2.50 692.3m 0.2m 0.05 2.00 Shares Outstan
Slide 14: Strong leadership with track record of delivery
Strong leadership with track record of delivery Engaging the right people, skills and exp erience Name KGL Role Years Pervious Roles For personal use only Directors Chief Development Officer at Glencore and Xstrata Coal; Chief Jeff Gerard Executive Chairman 40+ Operating Officer role for Xstrata C
Slide 15: Key Takeaways
Key Takeaways FSU25 delivered Q1 2025 KGL has gained the attention of some of the 1 4 leading global mining investment funds. For personal use only Confirmed robust technical and financial results. Fully Permitted to commence construction. Attractive project capital intensity; simple scope and
Slide 16: Appendix - Copper Market Outlook
For personal use only Appendix - Copper Market Outlook Jervois Copper Project Update | October 2025 | ASX:KGL 16
Slide 17: Copper outlook is robust
Copper outlook is robust Market Outlook Supply Demand Forecast2 S&P Global “demand for refined copper will double … by 2035”. For personal use only Demand forecasts reflect global commitments to achieve Net Zero by 2050 with electric vehicles and the grid key demand drivers + traditional demand
Slide 18: Copper Market Forecast
Copper Market Forecast The world cannot decarbonise without copper, a key component of renewables and electrification. According to Wood Mackenzie, copper demand is expected to rise by 75% by 2050, reaching 56 million tonnes, driven by the clean energy transition, urbanization, and electrification
Slide 19: Appendix – Competent Person Disclosures
For personal use only Appendix – Competent Person Disclosures Jervois Copper Project Update | October 2025 | ASX:KGL 19
Slide 20: Jervois Mineral Resource
Jervois Mineral Resource Mineral Resource Estimate (Reserve report dated 31 January 2025 (Table 19) and basis for Feasibility Study Update) Resource Material Grade Metal Copper Silver Gold Copper Silver Gold For personal use only Area Category Tonnes(Mt) (g/t) (g/t) (Moz) (koz) (%) (kt) Open Cut Mea
Slide 21: Jervois Ore Reserve
Jervois Ore Reserve Table 1 – Jervois Project Ore Reserve Statement 31 October 2024 (report dated 31 January 2025) For personal use only Jervois Copper Project Update | October 2025 | ASX:KGL 21
Slide 22: Competent Persons’ Statement and Disclaimer
Competent Persons’ Statement and Disclaimer Competent Person Statement The information in this announcement that relates to a Production Target and the forecaset financial information derived from the production target is based on information released to the ASX on 10/02/2025 The company confirms
Slide 23: Competent Persons’ Statement and Disclaimer
Competent Persons’ Statement and Disclaimer Competent Person Statement The following drill holes were originally reported under the JORC code 2012 on the date indicated in the table. The Company confirms it is not aware of any new information or data that materially affects the information include
Slide 24: Appendix – High-grade Undeveloped Copper Resource
For personal use only Appendix – High-grade Undeveloped Copper Resource Jervois Copper Project Update | October 2025 | ASX:KGL 24
Slide 25: Rockface: Exploration potential
Rockface: Exploration potential Significant Intercepts For personal use only High grade copper with silver and gold credits; highest grades in bornite mineralisation on western margin. Elevated polymetallic grades have been confirmed at depth. • • • Conductor open at depth. • Investigating l
Slide 26: Reward & Marshall: Exploration potential
Reward & Marshall: Exploration potential For personal use only Significant Intercepts Drilling at shallow to intermediate depths has increased confidence in the mineral resource estimate. Elevated gold grades have been confirmed at Reward Main Lode and Reward Deeps. Conductors open at depth.
Slide 27: Appendix – Key Risks
For personal use only Appendix – Key Risks Jervois Copper Project Update | October 2025 | ASX:KGL 27
Slide 28: Key Risk Factors
Key Risk Factors Activities in KGL and its controlled entities, as in any business, are subject to risks which may impact on KGL’s future performance. There are a number of factors, both specific to KGL and of a general nature, which may affect the future operating and financial performance and posi
Slide 29: Key Risk Factors
Key Risk Factors Material Business Risks (Cont) Category Risk The operations and activities of KGL are subject to the environmental laws and regulations of Australia. As with most exploration projects and mining operations, KGL’s operations and activities are expected to have an impact on the enviro
Slide 30: Key Risk Factors
Key Risk Factors General Risks: Mineral exploration and mining may be hampered by circumstances beyond the control of KGL and are speculative operations which by their nature are subject to a number of inherent risks. These include general risk factors such as the following. Category Risk As with al