KGL Resources (KGL) Corporate presentation summary

Investment highlights and project overview

• Targeting average copper production of 30ktpa over a 10-year mine life, with potential to reach 35–40ktpa, plus significant gold and silver by-product credits.

• Ore Reserves of 14.4Mt at 1.8% Cu (2.1% CuEq) underpin a robust 10-year operation, with all mining areas open at depth and laterally.

• Fully permitted, shovel-ready project with a 2.0Mtpa plant and straightforward, conventional processing flowsheet.

• Post-tax NPV8 of A$839m, IRR of 31%, and peak annual EBITDA up to A$400m at US$6.06/lb Cu.

• Jervois is a district-scale mineralised province with 115km² of highly prospective tenure and significant exploration upside.

Management, funding, and capital structure

• Led by a highly experienced team with decades of global mining execution, including senior roles at Glencore, Xstrata, and Lundin Mining.

• US$300m financing package from Wheaton Precious Metals, including a US$275m precious metals stream and US$25m cost overrun facility, de-risks funding.

• Over A$400m in undrawn stream proceeds, no debt, and supportive major shareholders.

• Market capitalisation of A$224m, with 771m shares on issue and A$8m cash as of March 2026.

Jervois Copper Project details

• Mineral Resources of 27Mt @ 1.9% Cu, 25.3g/t Ag, 0.2g/t Au; 95% in sulphides, with mineralisation open at depth and laterally.

• Mining inventory of 18.5Mt @ 1.65% Cu, 25g/t Ag, 0.25g/t Au; 78% of LOM underpinned by Ore Reserves.

• High-grade Cu concentrate (26%) with Au and Ag credits; 92% Cu recovery from sulphides.

• LOM EBITDA of A$3,226m, average AISC of US$2.51/lb, and peak funding requirement of A$584m.