Equity Raising Presentation

• A$300M capital raising includes a pro-rata non-renounceable entitlement offer and a placement
• Joint lead managed by Argonaut Securities and Bell Potter Securities
• Funding to support Jervois project's full funding and operations

KGL Resources Ltd announced a A$300M equity raising to fund the Jervois copper project. The raising includes a A$120M non-renounceable entitlement offer and a A$180M conditional placement. The entitlement offer is underwritten except for a A$39.7M commitment from KMP Investments, KGL's largest shareholder. The placement is non-underwritten. The funds, combined with remaining Wheaton Stream payments and existing cash, will provide approximately A$689M in aggregate funding, ensuring the project is fully funded to production with a liquidity buffer.

Combined funding of approximately A$689M, including A$300M equity raising.

The equity raising, along with existing funding, will fully fund the Jervois project to production, ensuring operational readiness and financial stability.