K92 owns and operates the Kainantu Gold Mine, a high-grade underground operation in Papua New Guinea’s Eastern Highlands, spanning ~830 km², within a region recognized for Tier 1 gold deposits.

Since commercial production began in 2018, the Kainantu operation has averaged a head grade of ~10 g/t AuEq, positioning it among the highest-grade underground gold mines globally.

Through staged expansions, Kainantu has scaled the previous process plant from 400 ktpa at Stage 2 to 500 ktpa at Stage 2A, with demonstrated capacity above 600 ktpa.

Building on this success, K92 announced transformative Stage 3 and 4 Expansions in December 2022 to establish a world-class Tier 1 gold-copper operation.

The Definitive Feasibility Study, updated in October 2024, projects Stage 3 Expansion run-rate production of +300 koz AuEq per year at an average co-product AISC of $920/oz(1). The Stage 4 Expansion targets throughput of 1.8 Mtpa and run-rate production of +400 koz AuEq per year.

The Stage 3, 1.2 Mtpa state-of-the-art process plant construction and commissioning are complete, delivered under budget, with commissioning achieved in December 2025 and underground mine ramp-up underway.

Ongoing exploration, supported by up to 16 drill rigs, continues to unlock further growth and long-term value.

K92 Mining is committed to delivering exceptional value through low-cost production and ongoing exploration success.

Note (1): Refer to the technical report titled “Independent Technical Report, Kainantu Gold Mine, Updated Definitive Feasibility Study, Kainantu Project, Papua New Guinea”, with an effective date of January 1, 2024.