Presentation - International Mining and Resources Conference
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27 OCTOBER 2026
PRESENTATION - INTERNATIONAL MINING AND RESOURCES CONFERENCE
Kantra Copper Limited (Kantra or Company) (ASX:KAN) encloses the presentation to be delivered by Kantra’s CEO &
Managing Director, Bob Fulker, at the International Mining and Resources Conference (IMARC) at 03:35pm (AEDT) on
Tuesday, 27 October 2026.
The presentation contains two videos, which are available at the links below:
• Kantra 2026 Corporate Video: https://youtu.be/5LmkbEuHpQY
• Kantra - 2026 Kanmantoo Mineral Resource and Ore Reserve 3D Visualisation:
https://youtu.be/ybOS96zGQE4
Authorised for release by the Board of Kantra Copper Limited.
Engage with this announcement at the Kantra Copper Investor Hub.
For more information contact:
Mr Bob Fulker Mr Luke Anderson
Chief Executive Officer & Managing Director Chief Financial Officer & Joint Company Secretary
T: +61 (0)8 7070 1698 T: +61 (0)8 7070 1698
Ms Jane Brunton
Head of Investor Relations & Growth
T: +61 (0)8 7070 1698
E: info@kantra.com
Producer Today,
Growth Tomorrow
IMARC Presentation
October 2026
Bob Fulker
Chief Executive Officer & Managing Director
ASX : KAN
Disclaimer
To the maximum extent permitted by law, neither Kantra nor its related corporations, directors, officers, employees or agents, nor any other person, accepts any liability, including, without limitation,
any liability arising from fault or negligence, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it. Kantra is under no obligation to release any updates or
revisions to this presentation to reflect any change in expectation or assumptions and disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for fraud or negligence).
Nothing contained in this Document constitutes investment, legal, tax or other advice. The information in this Document does not take into account the investment objectives, financial situation or particular needs of any recipient. Before making an
investment decision, each recipient of this Document should make its own assessment and take independent professional advice in relation to this Document and any action taken on the basis of this Document. All currency referred to is Australian
dollars ($) unless otherwise indicated (e.g. US$).
Forward Looking Statement
This presentation contains or may contain certain forward-looking statements and comments about future events, that are based on Kantra's beliefs, assumptions and expectations and on information currently available to management as at the
date of this presentation. Often, but not always, forward-looking statements can generally be identified by the use of forward-looking words such as "may", "will", "expect", "plan", "believes", "estimate", "anticipate", "outlook", and "guidance", or similar
expressions, and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production and production potential, financial forecasts, product quality estimates of future Mineral Resources and
Ore Reserves. Such statements are only expectations or beliefs and are subject to inherent risks and uncertainties which could cause actual values, results or performance achievements to differ materially from those expressed or implied in this
announcement. Where Kantra expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and on a reasonable basis. No representation or warranty, express or implied, is made by
Kantra that the matters stated in this presentation will in fact be achieved or prove to be correct. Except as required by law, Kantra undertakes no obligation to provide any additional or updated information or update any forward-looking statements
whether as a result of new information, future events, results or otherwise. Readers are cautioned against placing undue reliance on forward-looking statements. These forward-looking statements are not guarantees of future performance and
involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of Kantra, the directors, and management of Kantra. These factors include, but are not limited to difficulties in
forecasting expected production quantities, the potential that any of Kantra's projects may experience technical, geological, metallurgical and mechanical problems, changes in market prices and other risks not anticipated by Kantra, changes in
exchange rate assumptions, changes in product pricing assumptions, major changes in mine plans and/or resources, changes in equipment life or capability, emergence of previously underestimated technical challenges, increased costs, and
demand for production inputs.
Competent Persons Statement
As an Australian company with securities listed on the Australian Securities Exchange (ASX), Kantra is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act and the ASX. Investors should note
that it is a requirement of the ASX listing rules that the reporting of ore reserves and mineral resources in Australia comply with the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the
JORC Code).
The information in this presentation that relates to the 2026 Kanmantoo Mineral Resource Estimate is extracted from ASX release titled ‘Kanmantoo delivers 31% Ore Reserve Growth’ dated 27 October 2026 and is available to view at www.kantra.com.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the Mineral
Resource Estimate and Ore Reserve in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been
materially modified from the original market announcements.
The information in this presentation that relates to the 2025 Kanmantoo Mineral Resource Estimate and the 2025 Ore Reserve is extracted from ASX release titled ‘Hillgrove Resources Delivers Ore Reserve Extension at 1.0%CuEq’ dated 30 October 2025
and is available to view at www.kantra.com. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and
technical parameters underpinning the Mineral Resource Estimate and Ore Reserve in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent
Person's findings are presented have not been materially modified from the original market announcements.
The information in this presentation that relates to the 2024 Kanmantoo Mineral Resource Estimate is extracted from ASX release titled ‘Maiden Kanmantoo Underground Ore Reserve And 96% Increase In Copper Mineral Resource Endowment’ dated 18
October 2024 and is available to view at www.kantra.com. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material
assumptions and technical parameters underpinning the Mineral Resource Estimate and Ore Reserve in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in
which the Competent Person's findings are presented have not been materially modified from the original market announcements.
The information in this presentation that relates to the Coburn Mineral Resource is extracted from two ASX releases. The first titled ‘Mutooroo Copper-Cobalt Deposit Resource Statement’ dated 18 October 2010, and the second titled ‘New Mutooroo
Cobalt Resource’ dated 5 June 2020. Both announcements are available to view at www.asx.com.au and at https://www.havilah-resources.com.au/. Havilah Resources confirms that it is not aware of any new information or data that materially
affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the Mineral Resource Estimate in the relevant market announcement continue to apply and have not
materially changed. Havilah Resources confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.
The information in this presentation that relates to the Coburn metallurgical test work is extracted from ASX release titled ‘Mutooroo Renamed Coburn, Metallurgical Test Work Derisks PFS’ dated 7 October 2026 and is available to view at
www.kantra.com. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters
underpinning the Mineral Resource Estimate and Ore Reserve in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are
presented have not been materially modified from the original market announcements.
2
Important Notice and Disclaimer
3
With strong development & exploration pipelines
An Australian Copper Producer
Derek Carter Non-Exec. Chair
Bob Fulker CEO & Managing Director
Murray Boyte Non-Exec. Director
Roger Higgins Non-Exec. Director
Luke Anderson CFO & Co. Sec.
Note: Currency is in Australian dollars unless otherwise stated
1. Closing share price on 23 October 2026.
2. Cash balance as at 30 September 2026.
3. Refer to Results for Half Year Ended 30 June 2026 released on 20
August 2026.
4. Register analysis is based on a point-in-time snapshot dated 18
September 2026 and may not reflect later trading activity.
13.9%
BOARD & MANAGEMENT
Share price1 $1.010
Shares on issue1 237 M
Market capitalisation $239 M
Debt Nil
Cash2 $44 M
Enterprise value $195 M
Options on issue 9.7 M
Income tax losses (est. & unaudited) $260 M
Franking credits3 $18 M
ASX:KAN
SUBSTANTIAL SHAREHOLDER4
SHARE DISTRIBUTION4
13.9%
28.3%
3.3%
1.0%
53.5%
Freepoint
Institutions excl Freepoint
Havilah Resources
Board & management
Others
3
Coburn
4
Building the Next Mid-Tier Copper Company
Producer Today Growth Tomorrow
Growth Opportunities
▪ Development pipeline: progress
Coburn Pre-Feasibility Study (PFS)
▪ Regional exploration pipeline
▪ Inorganic growth opportunities as
they arise
Mine Life & Throughput Upsides
▪ Kanmantoo mine life extension
through Resources and Reserve
Growth
▪ Focusing on 2+Mtpa pathway
(currently at ~1.8Mtpa)
Our Strategy
Our Performance
H1 5,545 H1 6,290
H2 5,770 Sep Q 3,419
2025 2026
Cu Production kt
Guidance: 12,750 – 14,000
6.19 5.78
2025 YTD 2026
AISC $/lb payable Cu Sold
Guidance: 5.75 – 6.25
20.6
25.2
32.2
44.1
Dec Q
2025
Mar Q
2026
Jun Q
2026
Sep Q
2026
Cash $Million
5
Our Growth Platform in South Australia
Kanmantoo Copper Mine (100% owned)
>95%
Local Workforce
TSF
Plant
Crusher
ROM
Backfilled
Emily Star Pit
UG Workshop
Railway
55km
From Adelaide
Strong Support
By Local Communities
Railway
On Premise
Giant Pit
Grid Power
3.6 Mtpa
Processing Plant
1.8 Mtpa
UG Run Rate
~95%
Cu Recovery
>70% Renewable
Grid power
6.0 Mt
TSF Capacity
2 Active
Mining Fronts
700m/mth
Development
3rd Mining Front
Under Development
Our Operation Complemented by its location
New Portal
19,300
22,000
27,000
2024 2025 2026
Mineral Resources (kt)
22% Resource Growth
Underpins Mine Life Extension
+14% +22%
2,800
4,000
5,200
2024 2025 2026
Ore Reserves (kt)
Kavanagh Nugent Emily Star Other
+43% +31%
6
Extracted from ASX release titled ‘Kanmantoo delivers 31% Ore Reserve Growth’ dated
27 October 2026, ‘Hillgrove Resources Delivers Ore Reserve Extension at 1.0%CuEq’
dated 30 October 2025 and ‘Maiden Kanmantoo Underground Ore Reserve And 96%
Increase In Copper Mineral Resource Endowment’ dated 18 October 2024
7
Coburn Growth Opportunity (formerly Mutooroo)
Metallurgy Derisked, Logistics Assessment & Drilling Underway
Logistics Assessment Underway
Results expected in December 2026 Quarter
OCTOBER 2026 - Metallurgy Substantially Derisked
>90% Cu recovery >50% Au recovery
OCTOBER 2026 - Project name changed from Mutooroo to Coburn
Phonetic spelling of nearby township Cockburn to create a distinctive and
readily recognisable project identity
MAY 2026 - Entered into Farm-in Agreement with Havilah Resources
Potential pathway to beyond 20ktpa Cu Coburn
Coburn
Coburn
Coburn
8
Why Kantra?
✓ Producing Cu today
✓ In Tier 1 Mining Jurisdiction of South Australia
✓ Growing the Kanmantoo Resource base
✓ Advancing Coburn development opportunity
✓ Leveraging existing infrastructure for capital efficient growth
✓ Supplemented by district-scale exploration pipeline
Our advantages
… further amplified by
✓ Forecast structural Cu supply deficit
✓ Strong long-term Cu demand fundamentals
✓ Highly supportive and growing institutional shareholder base
Blue Tree – Our Commitment to
Mental Health Awareness
To receive up-to-date
company information,
scan the QR code to join
our Investor Hub
Kantra Copper Limited
5-7 King William Road
Unley SA 5041
info@kantra.com
www.kantra.com
Bob Fulker
CEO & Managing Director
+61 (0)8 7070 1698
Luke Anderson
CFO & Joint Company Secretary
+61 (0)8 7070 1698
Jane Brunton
Head of Investor Relations & Growth
+61 (0)8 7070 1698
Contact
Thank you
10
As at 01 July 2026
Appendix - Kanmantoo Ore Reserves
Mine Area Classification
Tonnes
(kt)
Cu
(%)
Au
(g/t)
Ag
(g/t)
CuEq
(%)
Cu Metal
(kt)
Au Metal
(koz)
Kavanagh (including
Spitfire and North
Kavanagh)
Proved 1,800 0.90 0.12 2.3 1 16 7.0
Probable 1,000 0.80 0.13 2.3 0.9 8.2 4.3
Sub-Total 2,800 0.87 0.13 2.3 1 24 11
Nugent
Proved 630 0.79 0.39 1.9 1 5.0 7.9
Probable 1,000 0.77 0.32 2.0 1 7.7 10
Sub-Total 1,600 0.78 0.35 1.9 1 13 18
Emily Star
Proved 87 0.99 0.09 1.9 1 0.9 0.3
Probable 660 0.90 0.13 2.2 1 5.9 2.7
Sub-Total 740 0.91 0.12 2.2 1 6.8 3.0
Total Ore Reserves
Proved 2,500 0.88 0.19 2.2 1 22 15
Probable 2,700 0.81 0.20 2.2 0.9 22 17
Total 5,200 0.85 0.20 2.2 1 44 33
Notes:
1. Dry metric tonnes.
2. Stope cut-off grade 0.8% CuEq (Copper Equivalent) to define development limits, 0.6%
CuEq for stopes along defined development. Development cut-off grade 0.4% Copper.
Minimum stoping widths of 4m true width.
3. Reported Ore Reserves do not include any diluting Inferred, Unclassified or Sterilised
material. The Mine Schedule includes 499kt at 0.35% Cu of non-Reserving material that is
mined as unavoidable dilution or is a sterilisation shell around extracted stopes.
4. Reported grades are rounded to two significant figures. Tonnes are rounded to two
significant figures. Copper equivalent to one significant figure as for reporting recoveries
and payabilities are averaged values and so have a lower accuracy.
5. Any minor apparent discrepancies for sums in the table are due to rounding.
6. The period of economic extraction is from July 2026 to December 2029.
7. Ore Reserves are converted from Mineral Resources based on 2026 Mineral Resources,
reported herewith.
8. Competent Person: Huw Wright MAusIMM (#3078867) with technical review by Mark
Hamilton FAusIMM (#221080).
9. Over 30 months of mining actual data demonstrates very good ground conditions. It is
expected that this will continue, with Geotech modelling demonstrating stability over
modelled life of mine.
Copper equivalent includes copper and gold. The calculation expresses recovered and
payable gold value as an equivalent in-situ copper grade. Driving values are Cu = US$4.20/lb,
Au = US$3,250/oz; metallurgical recoveries are Cu Rec = 95.8%, Au Rec = 54.9%; and
payabilities are Cu Pay 95%, Au Pay 90%.
CuEq (%) = Cu (%) + 100 × [(Au (g/t) ÷ 31.1034 × Au Rec × Au Pay × Au price)] ÷ [Cu price (US$/t)
× Cu Rec × Cu Pay].
It is Kantra’s view that all metals within this formula will be recovered and sold. Metallurgical
recoveries are based on current plant performance. Metal payability is based on current
concentrate quality and contracted marketing terms.
11
As at 30 September 2026
Appendix - Kanmantoo Mineral Resources
Mine Area
JORC
Classification
Tonnage
(kt)
Cu
(%)
Au
(g/t)
Ag
(g/t)
Cu Metal
(kt)
Au Metal
(koz)
Kavanagh
(including
Spitfire)
Measured 4,600 0.76 0.11 2.2 35 17
Indicated 2,200 0.70 0.11 2.1 16 7.7
Inferred 1 5,200 0.64 0.13 1.9 33 22
Sub-Total 12,000 0.7 0.12 2.1 84 47
North
Kavanagh
Measured - - - - - -
Indicated 280 0.73 0.16 2.8 2.1 1.5
Inferred 2 240 0.67 0.19 2.4 1.6 1.5
Sub-Total 520 0.70 0.18 2.6 3.7 3.0
Nugent
Measured 970 0.76 0.39 1.9 7.3 12
Indicated 2,300 0.75 0.35 2.1 17 25
Inferred 3 3,900 0.78 0.35 2.0 30 44
Sub-Total 7,100 0.76 0.35 2.0 55 81
Valentines
Measured - - - - - -
Indicated 190 0.65 0.07 1.3 1.2 0.41
Inferred 4 190 0.52 0.06 1.1 1.0 0.40
Sub-Total 380 0.58 0.07 1.2 2.2 0.81
Emily Star
Measured 140 0.96 0.09 1.8 1.3 0.38
Indicated 2,000 0.74 0.09 1.7 15 5.9
Inferred5 3,900 0.67 0.07 1.4 26 9.1
Sub-Total 6,000 0.70 0.08 1.5 42 15
Critchley
Measured 8.4 0.60 0.06 0.8 0.05 0.02
Indicated 380 0.54 0.10 1.2 2.1 1.2
Inferred 140 0.48 0.06 1.2 0.66 0.25
Sub-Total 520 0.53 0.09 1.2 2.8 1.5
TOTAL 27,000 0.71 0.17 1.9 190 150
Notes:
1. Due to effects of rounding, total numbers may not
sum.
2. Inferred 1 – includes Kavanagh high grade Inferred;
Central Kavanagh, North Kavanagh and Valentines
Categorical Indicator Kriging (CIK) Inferred.
3. Inferred 2 – includes North Kavanagh high grade
Inferred only.
4. Inferred 3 – includes Nugent high grade and CIK
Inferred.
5. Inferred 4 – includes Valentines high grade Inferred
only.
6. Inferred 5 – includes Emily Star high grade and CIK
Inferred.
7. Reporting criteria are: Measured, Indicated and
Inferred material (RESCAT = 1 or RESCAT = 2 or
RESCAT = 3), Cu >= 0.40% (CU_PCT >= 0.4), in-situ
(VOIZONE = 0) with reasonable prospects of
eventual economic extraction envelope (MREZONE
= 1), Reasonable Prospects for Eventual Economic
Extraction (RPEEE=1).
8. Tonnage and metal are rounded to the nearest
1,000 tonnes, grades are rounded to two significant
figures.
9. Mineral Resource is reported at a 0.40% Cu cut-off
grade for all mine areas.
10. Mineral Resource is depleted for mining to 30 June
2026.
11. Mine depletion refers to the current Kanmantoo
underground operation, and historical Giant,
Nugent and Emily Star open pits.
12
Appendix - Coburn Mineral Resources
Classification
Resource
Category
Tonnes
Copper
(%)
Cobalt
(%)
Gold
(g/t)
Copper
(t)
Cobalt
(t)
Gold
(oz)
Measured Oxide 598,000 0.56 0.04 0.08
Subtotal Oxide 598,000 0.56 0.04 0.08 3,300 200 1,500
Measured Sulphide 4,149,000 1.23 0.14 0.18
Indicated Sulphide 1,697,000 1.52 0.14 0.35
Inferred Sulphide 6,683,000 1.71 0.17 0.17
Subtotal Sulphide 12,529,000 1.53 0.16 0.20 191,700 20,000 80,600
TOTAL 13,127,000 195,000 20,200 82,100
Notes: All figures in this table are rounded.
The information is extracted from Mineral Resource Estimate stated in the Havilah Resources Limited Annual Report for the financial year
ended 31 July 2025, first released in the Havilah ASX media release titled ‘Mutooroo Copper-Cobalt Deposit Resource Statement’, dated 18
October 2010, and ‘New Mutooroo Cobalt Resource’, dated 5 June 2020.
The information that relates to the Coburn Mineral Resource is extracted from two ASX releases. The first titled ‘Mutooroo Copper-Cobalt
Deposit Resource Statement’ dated 18 October 2010, and the second titled ‘New Mutooroo Cobalt Resource’ dated 5 June 2020. Both
announcements are available to view at www.asx.com.au and at https://www.havilah-resources.com.au. The company confirms that it is
not aware of any new information or data that materially affects the information included in the original market announcements and that
all material assumptions and technical parameters underpinning the Mineral Resource Estimate in the relevant market announcement
continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person's
findings are presented have not been materially modified from the original market announcements.
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