Slide 1: TZMI Congress presentation
TRANSFORMING RESOURCES INTO OPPORTUNITY FOR ALL TZMI Congress presentation 11-13 November 2025
Slide 2: The world's largest ilmenite supplier
The world’s largest ilmenite supplier Overview: Kenmare Resources plc Moma’s Mineral Separation Plant The Moma Titanium Minerals Mine in Mozambique Track record of 18 years of production, with ~40 years in Mozambique >100 years of Mineral Resources at current production rate Trusted corporate ci
Slide 3: Committed to making a positive impact
Committed to making a positive impact Four strategic sustainability objectives • 97% Mozambican employees at the Moma Mine - committed to local and national hiring Safe and engaged workforce • Largest employer in Nampula province • Winner of Mining Magazine’s Safety Excellence Award 2025 • >$23m inv
Slide 4: A closer look at KMAD
A closer look at KMAD Kenmare Moma Development Association: A not-for-profit development organisation established in 2004 Access to clean water provided >80 classrooms constructed >100 new small businesses for ~55,000 people and >250 scholarships provided supported 57.9% Three community health centr
Slide 5: Moma: Large scale, low cost operations
Moma: Large scale, low cost operations A ‘sand to ship’ production process, with a low environmental impact Mining, processing and export facilities all within Moma operations Three Wet Concentrator Plants (WCPs) and one Selective Mining Operation (SMO), with total concentrating capacity of 50Mtpa
Slide 6: Securing future production at Moma
Securing future production at Moma Kenmare is upgrading its largest mining plant ahead of its transition to a new large ore zone Upgraded WCP A with new dredges Mineral Resource by ore zone (THM1) Nataka Namalope 71% 3% 9 billion Mpuitine tonnes 5% Pilivili 3% Quinga North Marrua Mualadi 1% Congolon
Slide 7: WCP A expected to be at full capacity by year-end
WCP A expected to be at full capacity by year-end Timeline for WCP A upgrade project for the remainder of 2025 Upgraded WCP A is fully Safe beach landing of two new Connection of new equipment completed, commissioned and producing dredges at Moma with commissioning underway at capacity Q3 2025 Q
Slide 8: Product mix aligned with high-growth markets
Product mix aligned with high-growth markets Kenmare ilmenite supports the fastest-growing segments Ilmenite TiO2 content required by different markets1 Kenmare ilmenite sales to the beneficiation market IP2 IP1 IP3 Direct chloride pigment 600 Volume (‘000 t) Beneficiation China 500 Beneficiation ex
Slide 9: Growth driven by non-captive beneficiation feed
Growth driven by non-captive beneficiation feed Demand for non-captive ilmenite rising as captive supply declines Non-captive ilmenite for beneficiation required to Non-captive ilmenite required for beneficiation (2025-2029)1 offset depleting supply & meet growing demand 40% TiO2 feedstock demand
Slide 10: Lasting customer relationships
Lasting customer relationships Kenmare is proud to still supply its original customers, in addition to building valued relationships with new customers Forming strong and enduring partnerships Proportion of sales volumes to long-term customers Customers rely on Kenmare’s stable, long-term supply t
Slide 11: Transforming resources into opportunity for all
Transforming resources into opportunity for all Delivering Kenmare’s purpose Resilient long-term production profile Consistent low-cost industry position • One of the world’s largest titanium minerals deposits • H1 2025 underlying EBITDA margin of 30% • >14Mt ilmenite production to date • Upgrade of
Slide 12: Contact us
Contact us Cillian Murphy cmurphy@kenmareresources.com Oisin Carvill ocarvill@kenmareresources.com Follow us Jetty at sunset