KGL Resources : Updated Corporate Presentation

onlyuse

personalAustralia's next copper producer

2022 Brisbane Mining, Energy and Minerals Investor Conference

23 - 24 March 2022

2021 r

Investment highlights

Australia's next copper producer

only
use	High >2.0% copper	Feasibility advanced -
grade Resource1 -	project fully permitted
	unique vs. global Cu	Updated FS expected
personal	projects	mid 2022
Offtake signed with	Independent pure-play
Glencore on favourable	copper exposure
	terms	leveraged to strong
		market fundamentals

1. KGL Resources ASX announcement 23 March 2022

Near-term growth	Funding plan being
opportunities	finalised - advisors
for Resource and	being appointed
Mine Life extension

Experienced	Safe jurisdiction
management team	Project located in pro-
and Board with	mining Northern
development expertise	Territory

KGL Resources

Corporate Update March 2022

2

r

Driving the Jervois Copper Project

Extensive experience in project feasibility and

only	development
		Experienced executive management team
		Simon Finnis	Amy Treble	Allan Reid	John Levings
		Managing Director / CEO	Chief Financial Officer	Project Director	Chief Geologist
use	A Senior Finance Professional with	Over 30 years' experience in project	A highly experience geologist with
		Over 30 years of global mining
		xperience across a range of roles;	over 21 years' experience delivering	development, having advised on a	over 40 years' experience. John
		including CEO of Grande Cote	finance services and providing advice	vast range of mining projects. Allan's	worked for several years as a field
		Operations during its development and	to Managers, Executives, Committees	skillset includes risk management,	geologist and geophysicist for Anglo
		early operations in Senegal and MD of	and Boards of both ASX listed and	commercial, technical and project	American Ltd. In 1985, as Chief
		Metro Mining Ltd during development	non-listed companies. This includes 16	management advisory services to	Geologist for Australian Development
		and operational phases of the Bauxite	years in the mining sector and 5 years	mining, power and mineral processing	Ltd (later re-named Normandy Gold
		Hills Mine	within Big4 professional accounting	sector clients	Ltd), John was responsible for the
personal	firms internationally and within		discovery of the high-grade White Devil
Australia		gold deposit in Tennant Creek
		Board of Directors with over 100 years' mining experience
		Peter Hay	Ferdian Purnamasidi	Denis Wood	Denis Gately
		Independent Non-Executive	Non-Executive Director	Non-Executive Director	Independent Non-
		Chair			Executive Director
		Over 30 years' mining	Over 20 years' mining	Over 45 years' mining	Over 30 years' Natural
		experience including GM of	experience and an Executive at	experience as a qualified	Resources experience, including
		Pan Australian Mining Ltd, MD of	the Salim Group and in charge of	metallurgist and geologist including	Managing Partner at Minter Ellison
		Sedgman Limited and Joint MD of	Corporate Development and	13 years with BHP, Managing	and numerous previous resource
		Macarthur Coal Ltd.	Strategic Acquisitions within	Director at Australian Premium Coal	industry directorships and
			the resources sector.	and discovering, funding and	Chair positions.
				construction of Coppabella and
				More Vale mines.
		KGL Resources	Corporate Update March 2022	3

r

Corporate Update March 2022

Jervois Copper Project

	KGL Resources is creating the next Australian
			copper hub in the Northern Territory
	Consolidating the proximate & prospective Reward,
			Rockface and Bellbird deposits
	Robust PFS leading to Feasibility Study to be
only		released mid 2022
	Direct access to key infrastructure - c.530km road
			access from mine to Glencore's Mt Isa complex
	Supported by long-term/extensive mining and
use		exploration leases
Jervois Resource
		Resources	(Mt)	Copper	Silver	Gold	Copper	Silver	Gold
		(%)	(g/t)	(g/t)	(kt)	(Moz)	(koz)
		Indicated	13.83	2.31	32.4	0.32	319.4	14.41	140.7
		Inferred	9.04	1.62	15.6	0.16	146.2	4.53	46.3
		Total	22.87	2.04	25.8	0.25	465.6	18.94	187.0
personal		Jervois Tenements

• Jervois Exploration Licence - 37.9 km2
• Jervois Mining Leases - 19.5 km2
• Unca Creek Exploration Licence - 72.7 km2

KGL Resources

Mt Isa Complex

4

r

Resource update
only			Exceptional growth in Resource
800																								2.15%
																									2.04%
	700
(kt)	600																		1.59%
																			1.52%
Metal
500		1.30%		1.30%																						466
				1.25%														410
													1.10%
Copper														1.07%
use	400													327		369	375	127		146
personal											279				125
300
														220
				170						191
	200			150			179
	113													284		319
				69													250
	100
	113	150	101			100	136		149
	-
	2011	2012	2012		2014	2015		2018	2019	2020		2022
					(Jan)		(Nov)
												ferred				Indicat			Grade
											Indicated				Inferred
Note: Resource estimate 2018 - 2022 are for Reward, Bellbird & Rockface deposit only
KGL Resources												Corporate Update March 2022

2.1%
1.8%	(%)
1.5%
Grade
1.2%
Cu
0.9%
0.6%

0.3%

-

5

r