K92 Mining owns and operates the Kainantu Gold Mine, a high-grade underground mine located in the Eastern Highlands province of Papua New Guinea (PNG). Spanning ~830 km², the mine sits within a region renowned for Tier 1 gold deposits. After the successful Stage 2 Expansion in 3Q20, which doubled throughput to 400 ktpa, the Stage 2A Expansion in 2Q23 further increased capacity by 25% to 500 ktpa and is now capable of operating at +600 ktpa, a +50% increase from Stage 2. Building on this success, K92 announced transformative Stage 3 and 4 Expansions in December 2022 to establish a world-class Tier 1 gold operation. The Definitive Feasibility Study, updated in October 2024, projects a Stage 3 Expansion run-rate production of +303 koz AuEq per year with an average AISC of $920/oz co-product, and Stage 4 Expansion production of +400 koz AuEq per year⁽¹⁾. With construction progressing, Stage 3 commissioning is on track for completion by late-Q2 2025. Simultaneously, up to 11 drill rigs continue advancing exploration efforts to expand resources and unlock additional growth potential. K92 Mining is committed to delivering exceptional value through low-cost gold production and strategic exploration. Stay updated on the latest developments and investment opportunities by following K92’s progress and stock performance.

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.