Announcement PDF KGL Resources Limited | FY2026 Annual Report Page 1 of 1 30 September 2026 KGL Resources Limited (ASX:KGL) is pleased release the company’s FY2026 Annual Report. KGL Resources also advises the Annual General Meeting will be held on 24 November 2026. Approved for release by the board of directors of KGL Resources Limited FY20206 Annual Report ANNUAL REPORT 30 June 2026 Contents 1 Corporate Directory 2 Message from the Chairman 5 CEO Operations Review 12 Reserves and Resources Table 13 Competent person’s statement 14 Tenement Holdings 16 Sustainability 17 Corporate Governance Statement 19 Financial Report 82 Additional Information Name of Company Secretary Kylie Anderson Address of Registered Office  KGL Resources Limited  Level 1, 5 Gardner Close Milton QLD 4064 Australia 07 3071 9003 Name and Address of Share Registry  MUFG Corporate Markets (AU) Limited Tower 4 727 Collins Street Docklands VIC 3008 Securities Exchange Listing  Quotation has been granted for the unrestricted ordinary shares of the company on all member exchanges of the Australian Securities Exchange. Corporate Directory Page 1 | KGL Resources Ltd Annual Report 2026 Message from the Chairman Dear Shareholders, FY2026 was a transformational year for KGL Resources Ltd (KGL), culminating in the high-grade Jervois Copper- Silver- Gold Project (Jervois Project) becoming fully funded to production at the time of preparing this report. Over the year, KGL materially advanced the Jervois Project. The Company secured a US$300 million cornerstone precious metals purchase agreement (PMPA) for silver and gold with Wheaton Precious Metals International Ltd (Wheaton) and completed a A$300 million equity raising post balance date. Together with existing cash, these provide approximately A$689 million of aggregate funding that provides a prudent liquidity buffer to complete project construction and commissioning, and to extend the operational life by targeting high potential exploration, adjacent to planned mining areas. KGL’s business plan has attracted strong support from existing shareholders as well as new domestic and international institutional investors and funds. Together with Wheaton’s commitment, we view this support as an endorsement of the quality of the high-grade Jervois Project and the KGL team’s approach. During the financial year, the copper price increased by 24%, from about US$11,000 to about US$13,600 per tonne between July 2025 and June 2026. This upward trend has continued into the 2026/2027 financial year, supported by market analysts’ views suggesting a target of some US$15,000 per metric tonne1 . Importantly, the funding structure does not include conventional project debt and leaves KGL’s copper offtake fully exposed to movements in the copper price. The Baseline Economic Model (BEM) announced in April 2026 confirmed the strength of the Jervois development case, with a post-tax NPV of approximately A$839 million (8% discount rate), a post-tax IRR of 31% and an estimated C1 cost of US$1.65 per pound of copper. The value of Jervois is highly leveraged to the LME copper price which has increased from the BEM modelled price of US$13,360 per metric tonne to circa US$14,400 per metric tonne in less than 6 months since the BEM announcement. The project valuation sensitivity analysis reported in the BEM showed that the value of the project (NPV) increases above the A$839 million valuation by A$140 million for each US$1,000 increase in the copper price per metric tonne. During the year, KGL advanced process-plant engineering, contracting, procurement, long-lead equipment procurement, the open-pit mining contract process and early site works. The Integrated Owner’s Team was strengthened and a separate Project Steering Committee, reporting to the Board, was formed to provide additional oversight and expertise to support project delivery. With funding secured and the development case defined, KGL’s focus has shifted decisively from financing and construction readiness to preparing for project execution, with first copper concentrate production targeted in 2028. During FY2026, KGL strengthened its leadership and governance capability with the appointment of Sam Strohmayr as Chief Executive Officer and Lindi Deguara as an Independent Non-Executive Director. Subsequent to year end, Gerard Hutchinson joined the Board as an Independent Non-Executive Director, adding further finance, governance and executive experience. 1  UBS Global Research, copper price forecast update, reported in “UBS raises copper price target on supply deficit outlook”, Investing.com, 27 February 2026, https://www.investing.com/news/commodities-news/ubs-raises-copper-price-target-on-supply-deficit-outlook-93CH-4530640 Page 2 | KGL Resources Ltd Annual Report 2026 Jeff Gerard Chairman Brisbane 29 September 2026 The 2026 financial year has seen an exemplary safety and environmental management record with no incidents. The company also completed a detailed self-assessment of its ESG systems and processes against the Consolidated Mining Standard Initiative (CMSI) international standard that has demonstrated significant compliance and effectiveness, even at this early stage of development. Ongoing interactions with the NT Government, Central Lands Council, local Bonya Community, local landholders, local service providers, contractors and consultants have continued to maintain strong and positive relationships. On behalf of the Board, I thank both our long term and new shareholders, employees, contractors, advisers, and stakeholders for their ongoing support during an important year for KGL. Since the financial year end KGL has been included in the S&P/ASX All Ordinaries index, effective 21 September 2026. Our priorities are clear: achieve Final Investment Decision (FID), safely progress mobilisation and construction, ensure effective environmental and cultural heritage management, disciplined project execution and capital management. In addition, we will be advancing a fully funded exploration program whilst continuing to progress Jervois towards first copper concentrate production in 2028. The year ahead is about converting FY2026’s platform into the safe, disciplined development of Jervois as Australia’s next significant ASX-listed pure-play copper producer. Page 3 | KGL Resources Ltd Annual Report 2026 2 Post end of financial year. MILESTONES AT A GLANCE 2025 2026 JUL Integrated 3D inversion targets identified OCT A$11m placement completed NOV Lindi Deguara appointed to Board DEC / JAN Sam Strohmayr appointed / commenced as CEO 2 APR US$300m Wheaton PMPA executed 24 APR Updated BEM released 18 JUN First US$16m Wheaton tranche 29 JUN A$180m Placement book build completed 24 JUL A$120m Entitlement Offer completed FY2026 A TRANSFORMATIONAL YEAR High-Grade Jervois Project — Fully Funded2 to Production FY2026 marked a defining transition for KGL – from an exploration and development-stage company to a fully funded copper developer advancing the high-grade Jervois Project toward production. The transformation was built through key milestones that deepened our understanding of the Jervois mineral system, strengthened institutional and leadership capability, advanced the development case and secured the funding required to deliver Jervois into production. FY2026 KEY OUTCOMES 3D INVERSION POTENTIALLY LARGER & DEEPER SYSTEM Potentially larger and deeper mineral system identified through integrated 3D inversion INSTITUTIONAL SUPPORT Strong institutional support for placement and strengthening shareholder base BOARD + CEO LEADERSHIP STRENGTHENED Board capability enhanced and Sam Strohmayr appointed CEO to lead KGL into project execution A$839m / 31% UPDATED DEVELOPMENT CASE BEM confirms compelling economics with significant leverage to higher copper prices ~A$689m FUNDING PACKAGE2 Aggregate funding package established with no project debt A LARGER AND DEEPER MINERAL SYSTEM Integrated 3D inversion identifies new priority targets FULLY FUNDED2 TO PRODUCTION Funding secured to advance Jervois through production FUNDED GROWTH BEYOND THE CURRENT MINE PLAN Exploration program to test resource growth and extend FUNDING SECURED US$300m WHEATON PMPA US$300 million cornerstone development funding secured A$300m EQUITY RAISING2 A$300 million Equity Raising completed to fully fund development NO PROJECT DEBT Debt-free financing structure preserves balance sheet flexibility ~A$20m FUNDED EXPLORATION Exploration and drilling program funded to test growth and extension potential No project debt Copper offtake unencumbered Funding through construction, commissioning and into production Page 4 | KGL Resources Ltd Annual Report 2026 I was pleased to join KGL as Chief Executive Officer in January 2026 at an important point in the Company’s transition from project development to execution. Since joining, my focus has been on building the capability required to move KGL from exploration to project development and execution, and on advancing the work needed to take the Jervois Project through to FID, construction and ultimately into operations. FY2026 marked an important transition as KGL progressed Jervois from development planning and readiness towards execution. During the year, KGL advanced project enabling and readiness activities, completed the BEM, strengthened its project-delivery capability and materially advanced its understanding of the broader Jervois mineral system. With funding secured, our focus is now firmly on project execution. THE JERVOIS DEVELOPMENT CASE During FY2026, KGL completed further optimisation of the Jervois Project development plan, culminating in the release of the updated BEM in April 2026. The BEM incorporated further open-pit optimisation, improved metallurgical recovery and updated capital and operating cost assumptions. Construction capital increased from approximately A$362 million in FSU25 to A$439 million in the BEM, reflecting scope and risk-mitigation changes incorporated into the development plan. The BEM confirmed a post-tax NPV of A$839 million at an 8% discount rate, a post-tax IRR of 31% and an estimated C1 cost of US$1.65/lb, providing a strong economic foundation for development of Jervois. The BEM is based on a production plan with initial ore supply from the Bellbird and Reward open pits before progressively transitioning to underground mining at Bellbird, Reward, Rockface and Marshall. The current development case is based on an initial 10-year mine life, with average copper production of approximately 30kt per annum. CEO Operations Review ASSUMPTION UNIT BEM Mine life Years 10 LOM EBITDA A$m 3,226 LOM FCF (after tax) A$m 1,791 Concentrate produced (LOM) kdmt 1,070 PRODUCTION Avg. Copper LOM ktpa 30 Avg. Silver Mozpa 1.1 Avg. Gold kozpa 9.3 UNIT COSTS (NET OF BY-PRODUCT) C1 Cost US$/Ib 1.65 AISC (incl. 100% of underground capital) US$/Ib 2.51 UPFRONT CAPITAL COSTS Project construction capital A$m 439 Mining & stockpiling (incl. ~4 months of sulphide stockpiles) A$m 145 Peak funding requirement A$m 584 ECONOMIC RETURN Post-tax NPV8 A$m 839 Post-tax IRR % 31 Page 5 | KGL Resources Ltd Annual Report 2026 FID and commencement of the principal construction program remain targeted for H2 CY2026. The development schedule provides for approximately 18 months of construction, followed by commissioning and ramp-up, with first copper concentrate targeted in H1 CY2028 and full processing capacity expected during H2 CY2028. PROJECT DEVELOPMENT AND DELIVERY During FY2026, KGL continued to build the internal management, engineering, procurement and operational capability required to oversee development and to prepare for construction and operations. This included strengthening project controls, contractor management, cost and schedule oversight, safety, commissioning and operational readiness, supported by specialist contractors and advisers. Work also progressed across engineering, procurement, contracting, long-lead equipment planning and project readiness, advancing Jervois towards its next major decision point. With project development activities advancing, KGL is progressing Jervois towards FID and commencement of the principal construction program. CEO OPERATIONS REVIEW (CONTINUED) WORKSTREAM 2026 2027 H1 2028 H2 2028 2029+ PROJECT DEVELOPMENT ACTIVITIES MAJOR CONTRACTS / DESIGN & LONG-LEAD PROCUREMENT PRINCIPAL CONSTRUCTION PROGRAM OPEN-PIT MINING SULPHIDE ORE STOCKPILING PLANT COMMISSIONING / FIRST SULPHIDE MILL FEED FULL PROCESSING CAPACITY UNDERGROUND DEVELOPMENT 3 Post end of financial year. A$839m POST-TAX NPV8 31% POST-TAX IRR US$1.65/lb C1 COST US$10,200/t CAPITAL INTENSITY US$6.06/lb BASE-CASE COPPER PRICE KEY ECONOMICS ~A$689m AGGREGATE FUNDING US$300m WHEATON PMPA A$300m EQUITY RAISING ~A$70m LIQUIDITY BUFFER ~A$20m FUNDED EXPLORATION PROGRAM FUNDING 3 Continuing activities to decision Contracts awarded, design finalised and long-lead items secured ~4 months sulphide ore inventory ahead of commissioning Plant commissioning From 2029 Principal construction commences after FID FID H2 CY2026 Commences mid-2027 First sulphide mill feed Page 6 | KGL Resources Ltd Annual Report 2026 EXPLORATION AND RESOURCE GROWTH Alongside development of the current mine plan, KGL materially advanced its understanding of the broader Jervois mineral system through an Integrated 3D Inversion Modelling program across Jervois and Unca Creek, combining more than a decade of drilling knowledge with gravity, magnetic, magnetotelluric and petrophysics datasets. The integrated modelling improved targeting across the broader mineral system, increased confidence in previously recognised anomalies and identified several new priority exploration targets. The modelling provided what KGL considers its strongest geophysical evidence to date of a larger and deeper mineral system at Jervois. The next phase is focused on testing these opportunities through further geophysics work and drilling. Approximately A$20 million has been allocated to exploration and drilling across Jervois and Unca Creek, targeting near-mine resource growth, mine-life extension and potential new mining areas. Subsequent to year end, KGL commenced preparations for drilling several high-priority targets and further geophysics surveying across the Jervois and Unca Creek tenements. The current BEM does not assign value to future exploration discoveries or potential mine-life extension, meaning successful exploration represents potential upside beyond the 10-year mine life case. LOOKING AHEAD Equipped with achievements to-date, our priorities for FY2027 are clear: complete the remaining development contracts, achieve FID, commence construction and maintain disciplined execution across safety, schedule, cost and quality as Jervois progresses towards first copper concentrate in 2028. FULLY FUNDED TO PRODUCTION Funding designed to support development, construction, commissioning and ramp-up. NO CONVENTIONAL PROJECT DEBT Funding structure avoids conventional project-debt financing. COPPER REMAINS UNENCUMBERED KGL retains exposure to copper revenues and flexibility over future offtake. LIQUIDITY THROUGH RAMP-UP Approximately A$70 million working capital and liquidity provision. GROWTH FUNDED Approximately A$20 million allocated to geophysics, drilling and analysis. The focus for the year ahead is safe delivery as we move Jervois from project development into construction and towards operations. Sam Strohmayr Chief Executive Officer CEO OPERATIONS REVIEW (CONTINUED) Page 7 | KGL Resources Ltd Annual Report 2026 EXPLORATION Integrating More Than a Decade of Geological Knowledge to Guide the Next Phase of Growth While FY2026 established the funding and development pathway for the current 10-year Jervois mine plan, it also materially advanced KGL’s understanding of the broader mineral system and the potential for future resource growth beyond the current development case. A Major Technical Achievement During FY2026, KGL announced the results of a major Integrated 3D Inversion Modelling program undertaken by Viridien’s Multiphysics team across the Jervois and Unca Creek exploration leases. The work incorporated considerable geological knowledge built up by KGL over more than 10 years of drilling together with extensive gravity, magnetic, magnetotelluric and petrophysics datasets. Historically, many of these datasets had been analysed independently. Advances in computing capability, geoscientific expertise and the enriched geological dataset generated through drilling and core analysis enabled the different data streams to be analysed together through joint inversion modelling. An important precursor was the 2024 structural review undertaken by Dr Warwick Crowe. That work refined KGL’s understanding of the controls on mineralisation at Jervois, including the interpretation that the crustal-scale Jervois Fault may have acted as a major pathway for mineralising fluids feeding subsidiary structures associated with the J-Fold. It also highlighted the importance of subsidiary structural systems, contrasting lithologies and reactivated shear zones in exploration targeting. Improved Resolution and Targeting Precision The integrated approach combined gravity, magnetotelluric, magnetic and petrophysical drilling data to provide improved subsurface resolution and targeting precision compared with single-parameter inversion approaches. The resulting models further delineated known zones of mineralisation, demonstrated strong correlation with existing geological data, increased confidence in previously recognised anomalies and identified several new priority exploration targets. A Potentially Larger and Deeper Mineral System Importantly, the modelling identified prominent deep-seated low-resistivity features beneath the central J-Fold and Bellbird–Rockface trend. Apparent-resistivity mapping identified features extending to greater than 5 kilometres depth, while the integrated model identified prominent conductive zones at approximately 3 kilometres depth. These responses are interpreted as potentially associated with major structurally controlled features, alteration, fluid pathways or mineralising systems associated with the J-Fold and deeper Jervois Fault architecture. They should not be interpreted as demonstrated mineralisation or Mineral Resources. KGL concluded that the study provides its strongest geophysical evidence to date that Jervois hosts a significantly larger and deeper mineral system than previously identified. Priority target corridors include the central J-Fold, a trend south of Bellbird, a parallel trend south of Rockface and the continuation of Reward South/Krak Ridge. Unlocking Growth Potential for Beyond 10 years The Integrated 3D Inversion Model provides an ongoing exploration framework rather than a static interpretation. New geophysical, drilling and geological information can be progressively incorporated to improve resolution and refine subsequent targeting. Approximately A$20 million has been allocated to a staged exploration and drilling program targeting near-mine resource growth, mine-life extension and potential new mining areas across Jervois and Unca Creek. The program will incorporate additional MT, DHEM and other geophysical work together with targeted drilling and core analysis. Subsequent to year end, KGL commenced preparations for exploratory drilling of several high-priority targets and for further MT surveying across the Jervois and Unca Creek tenements. The current BEM does not assign value to potential mine-life extension or future exploration discoveries. Successful exploration therefore represents potential upside beyond the funded 10-year development case. Exploration targets and geophysics anomalies are not Mineral Resources or Ore Reserves and there can be no certainty that exploration will result in additional resources, reserves or mine life. CEO OPERATIONS REVIEW (CONTINUED) Page 8 | KGL Resources Ltd Annual Report 2026 Figure 1. Horizontal slice of the joint magnetic imagery guided MT and gravity inversion model at 0.0 mRL (approximately 350 m below surface). Resistivity is displayed using the colour scale, while inverted density is represented by contour lines. Purple triangles denote MT sounding stations, and black lines indicate structural interpretations derived from magnetic data. Several anomalies have been identified within Jervois Tenement (EL25429): Area 1 is positioned directly over the F3/J-Fold axis, Area 2 defines a distinct parallel trend to Bellbird, Area 3 forms an offset parallel trend to Rockface, and Area 4 aligns closely with the Reward South trend. Figure 2. Cross section at 7492418.00mN looking north highlighting resistivity of Area 1 (J-fold centre). Page 9 | KGL Resources Ltd Annual Report 2026 COPPER MARKET Structural trends support the long-term copper outlook FY2026 saw strong gains in copper, gold and silver prices, providing a supportive commodity backdrop as KGL advanced the Jervois Project towards execution. CEO OPERATIONS REVIEW (CONTINUED) Page 10 | KGL Resources Ltd Annual Report 2026 Copper Demand — Structural Growth S&P Global forecasts global copper demand to increase by approximately 50%, from 28 million tonnes in 2025 to 42 million tonnes by 2040. Traditional copper demand continues to grow with population, urbanisation, industrialisation and rising living standards, while demand from electrification, electricity infrastructure and emerging technologies is accelerating growth. Energy transition and electricity infrastructure are forecast to be major sources of incremental demand, including renewable generation, transmission and distribution, battery storage and electric vehicles. The expansion of electricity networks is an important part of this growth. S&P Global estimates more than US$7.5 trillion of global transmission and distribution investment through 2040. EV-related copper demand is forecast to rise from 2.6 million tonnes in 2025 to 6.3 million tonnes by 2040, while data-centre-related copper demand is forecast to increase from approximately 1.1 million tonnes to 2.5 million tonnes. 50% total demand growth | >US$7.5tn grid investment | 2.6 → 6.3 Mt EV demand Copper supply — tightening and increasingly strategic Near-term market conditions are already reflecting the longer-term supply challenge. UBS forecasts a refined copper deficit of approximately 520,000 tonnes in 2026, against a backdrop of continued constraints on new and existing supply. Declining grades, ageing mines, greater mining depth and complexity, long development timelines and rising capital requirements are making replacement supply progressively more difficult and expensive. S&P Global forecasts primary mined supply peaking around 2030 without sufficient new development and expansion, contributing to a potential annual shortfall of approximately 10 million tonnes by 2040. Competition to secure and diversify copper supply chains is also intensifying. Copper recognised as a critical or strategic material by the United States, European Union and Australia, reflecting its importance to electricity infrastructure, advanced manufacturing, digital technologies and defence. Jervois — New Supply into a Tightening Market First copper concentrate from Jervois is targeted in 2028, positioning KGL to introduce new Australian copper supply into a market in which deficits are forecast to deepen and new mine development is becoming increasingly capital intensive. The BEM indicates Jervois capital intensity of approximately US$10,200/t of annual copper production capacity, compared with an average of approximately US$22,400/t across 26 global copper projects assessed by Simon et al. (2026). Jervois’ high-grade resource, relatively low capital intensity and projected operating margins position the Project well as the industry seeks to bring additional copper supply to market. 2028 first copper | ~US$10,200/t Jervois capital intensity | >US$22,400/t peer project average Precious Metals — Additional Support Gold and silver also provide meaningful by-product credits to Jervois, providing additional support to the Project’s economics. Sources: S&P Global, Copper in the Age of AI, January 2026; S&P Global Ratings; UBS CIO; Cochilco; Codelco; Simon et al., 2026; KGL June 2026 Quarterly Activities Report. Page 11 | KGL Resources Ltd Annual Report 2026 Reserves and Resources Table RESOURCE MATERIAL GRADE METAL Area Category Mt Copper (%) Silver (g/t) Gold (g/t) Copper (kt) Silver (Moz) Gold (koz) Open Cut Potential > 0.5% Cu Reward Measured 2.57 1.95 48.2 0.43 50.0 4.0 35.4 Indicated 1.02 1.39 37.4 0.23 14.3 1.2 7.6 Inferred 0.61 0.95 10.7 0.08 5.8 0.2 1.5 Bellbird Measured 1.23 2.53 15.1 0.14 31.2 0.6 5.6 Indicated 1.26 1.45 9.1 0.17 18.2 0.4 6.8 Inferred 1.02 1.24 10.6 0.12 12.7 0.3 4.0 Sub Total 7.72 1.71 27.2 0.25 132.1 6.7 60.9 Underground Potential > 0.8% Cu Reward Indicated 6.22 1.87 38.4 0.38 116 7.67 75.5 Inferred 4.71 1.35 18.6 0.17 63.6 2.82 25.5 Bellbird Indicated 0.35 2.26 19.0 0.14 8.0 0.22 1.6 Inferred 3.20 1.95 12.1 0.10 62.4 1.24 10.4 Rockface Indicated 3.94 2.81 24.5 0.26 110.9 3.10 32.71 Inferred 1.32 1.55 13.7 0.19 20.42 0.58 8.02 Sub Total 19.74 1.93 24.6 0.24 381.3 15.63 153.7 TOTAL 27.45 1.87 25.3 0.24 513.4 22.37 214.5 Refer to ASX announcement on 25 November 2024. * Cut-off grades: 0.5% Cu above 200 mRL (~150 m below surface) and 0.8% Cu below 200 mRL. GRADE METAL RESERVES Mt CuEq (%) Cu (%) Au (g/t) Ag (g/t) Cu (kt) Au (koz) Ag (Moz) Reward Open Pit Proven 2.68 2.19 1.71 0.39 41.96 45.7 33.6 3.6 Probable 2.2 1.54 1.19 0.22 36.3 26.1 15.6 2.6 Bellbird Open Pit Proven 1.51 2.07 1.94 0.11 11.59 29.2 5.3 0.6 Probable 0.48 1.1 1.04 0.06 5.55 5 0.9 0.1 Rockface Underground Proven - - - - - - - - Probable 2.96 2.74 2.55 0.18 16.58 75.4 17.0 1.6 Bellbird Underground Proven - - - - - - - - Probable 0.37 1.77 1.65 0.08 13.23 6.0 1.0 0.2 Reward Underground Proven - - - - - - - - Probable 2.48 2.28 1.88 0.49 25.77 46.7 38.8 2.1 Marshall Underground Proven - - - - - - - - Probable 1.71 1.51 1.16 0.19 39.52 19.8 10.2 2.2 Sub-total 1.71 1.51 1.16 0.19 39.52 19.8 10.2 2.2 Total Proven 4.19 2.15 1.79 0.29 31.03 74.9 39 4.2 Total Probable 10.19 2.05 1.76 0.25 26.27 179 83.4 8.6 TOTAL RESERVE 14.38 2.08 1.77 0.26 27.66 254 122.4 12.8 Refer to ASX announcement on 10 February 2025. * Quantities and grades in the above table may not add exactly due to rounding or weighting. The ore reserves reported are contained within the mineral resources. Page 12 | KGL Resources Ltd Annual Report 2026 Competent person’s statement The information in this report that relates to a Production Target and the forecast financial information derived from the production was first released to the market on 24 April 2026. KGL confirms that all the material assumptions underpinning the production target and forecast financial information derived from the production target continue to apply and have not materially changed. The information relating to 3D Inversion results was originally reported on 30 July 2025. The Company confirms 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 estimates in the relevant market announcement continue to apply and have not materially changed. The information in this report that relates to the Jervois Mineral Resources Estimates was first released to the market on 25 November 2024 and prepared in accordance with JORC 2012. 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 estimates 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 announcement. The information in this report that relates to the Jervois Ore Reserves Estimate was first released to the market on 10 February 2025 and prepared in accordance with JORC 2012. 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 estimates 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 announcement. Page 13 | KGL Resources Ltd Annual Report 2026 TENEMENT NUMBER PROJECT BENEFICIAL HOLDING EXPIRY DATE ML 30180 Jervois Project, Northern Territory 100% 27/01/2034 ML 30182 Jervois Project, Northern Territory 100% 25/03/2034 ML 30829 Jervois Project, Northern Territory 100% 17/08/2032 ML 32277 Jervois Project, Northern Territory 100% 17/08/2032 EL 25429 Jervois Project, Northern Territory 100% 01/02/2027 EL28082 Unca Creek, Northern Territory 100% 29/12/2027 EL 30242 Mt Cornish, Northern Territory 100% 25/11/2027 EL 28340 Yambah, Northern Territory 100% 03/07/2027 Tenement Holdings The Company’s current tenement holdings cover over 252km2 of Jervois Exploration Leases, 37.9km2 of Jervois Exploration Licences and 72.7km2 of Unca Creek Exploration Licences. Page 14 | KGL Resources Ltd Annual Report 2026 JERVOIS PROJECT TENEMENTS MAP Page 15 | KGL Resources Ltd Annual Report 2026 Sustainability Environmental, social and governance (ESG) reporting and Indigenous relations continued to be key focus areas for KGL during the reporting period. The Company further strengthened its commitment to health and safety through ongoing monitoring, continuous improve