Issue of Cleansing Notice under section 708AA(2)(f) Corps Ac

• KGL Resources plans a $300 million capital raising
• Includes $120 million entitlement offer and $180 million placement
• Offer price set at $0.20 per share
• KMP Investments pre-committed to $113 million

KGL Resources Limited announced a capital raising targeting $300 million via a 1 for 1.29 pro-rata traditional non-renounceable entitlement offer and a non-underwritten placement. The entitlement offer, priced at $0.20 per share, is underwritten except for a $39.7 million commitment from KMP Investments. The placement targets $180 million, conditional on shareholder approval. The largest shareholder, KMP, has committed to increasing its ownership to 36.2%, subject to a cap. The notice of meeting for the placement will detail resolutions for the extraordinary general meeting.

KGL Resources targets $300 million capital raising for FY26.

KGL Resources aims to strengthen its financial position through the capital raising, subject to shareholder approval.