• Entered into a US$300 million silver and gold streaming agreement with Wheaton Precious Metals
• Baseline Economic Model shows strong financial returns with pre-tax NPV8 of A$1.226 billion and post-tax NPV8 of A$839 million
• Progressing construction readiness activities and securing critical path contracts

The key highlights from KGL Resources' quarterly report include:- Subsequent to quarter end, the company entered into a US$300 million silver and gold streaming agreement with Wheaton Precious Metals, comprising a US$32 million early draw facility, US$243 million construction facility, and US$25 million contingent cost overrun facility. This represents a major financing milestone for the Jervois Copper-Silver-Gold Project.- The Baseline Economic Model for the Jervois Project shows strong financial returns, with a pre-tax NPV8 of A$1.226 billion, post-tax NPV8 of A$839 million, and a post-tax IRR of 30%. The project is expected to generate approximately A$3.2 billion in life-of-mine operating cash flow and A$1.8 billion in free cash flow after tax.- KGL continues to advance construction readiness activities, with Sedgman Pty Ltd selected as the preferred contractor for the Jervois process plant. Front-End Engineering and Design activities are ongoing, and the company is progressing critical path procurement and contracting across various workstreams.- Exploration planning across the broader Jervois district is also underway, with a focus on expanding geophysical survey coverage and data collection to support target prioritization and improve the company's ore body knowledge.- The outlook for copper, silver, and gold markets remains supportive, reinforcing the strategic value and timing of the Jervois Project as a development-ready Australian copper project with significant silver and gold by-product exposure.

The Baseline Economic Model for the Jervois Copper-Silver-Gold Project forecasts average steady state operating cashflow of A$260 million per annum over a 10-year mine life.

KGL is actively engaged with its financial advisers to secure the remaining project funding to support a Final Investment Decision and construction commencement, with the goal of achieving first concentrate production in H2 2028.