• Successful completion of A$180M Conditional Placement
• Strong demand from global investors
• Entitlement Offer opens on July 3, 2026

KGL Resources Limited has successfully completed a conditional placement to raise approximately A$180 million (before costs) through the issue of 902 million new fully paid ordinary shares at an issue price of A$0.20 per share. The placement saw significant demand from leading global investor groups both domestically and offshore, with strong support from existing shareholders including KGL's largest shareholder, KMP, and streaming partner, Wheaton Precious Metals. The entitlement offer is expected to open on July 3, 2026, allowing eligible shareholders to subscribe for one new share for every 1.29 shares already held at the same price as the conditional placement. Proceeds from the equity raising, combined with proceeds from the Wheaton Precious Metals stream and existing cash, are expected to fully fund the development of the high-grade Jervois Copper Project into production.

KGL expects to raise approximately A$180 million from the conditional placement.

KGL plans to advance the Jervois Copper Project, aiming for construction to start this year and open pit mining to commence next year.