K92 Mining Releases 2025 Sustainability Report: Delivering Sustainable Value

Executive Summary

• K92 Mining announced its 2025 Sustainability Report, highlighting significant operational, financial, and community milestones for the fiscal year.
• The company successfully commissioned its new 1.2-million tonnes per annum Stage 3 Expansion processing plant and reported substantial local economic contributions, including $139.2M in taxes/royalties and $161.8M in local procurement.
• Key operational updates include a 918-day lost-time injury-free record, 35% completion on the Konkua-Bilimoia road infrastructure project, and continued investment in local workforce development, environmental policies, and exploration.

Key Details

• Report Framework: 2025 Sustainability Report (7th annual), prepared in accordance with SASB Metals & Mining Standard and aligned with TCFD recommendations.
• Safety Performance: 918 days without a lost-time injury; Total Recordable Injury Frequency Rate (TRIFR) of 0.62.
• Workforce Composition: ~2,150 employees and permanent contractors plus temporary/casual staff, totaling ~3,100; ~91% of the operational workforce are PNG nationals with priority hiring from local communities.
• Local Economic Impact: $161.8 million in procurement from PNG companies (52% of total annual procurement spend, +68% vs. 2024); $139.2 million in taxes and royalties paid/accrued in PNG (+122% vs. 2024); $33.1 million invested in local Joint Ventures.
• Community & Education: Awarded Outstanding Community Humanitarian Initiative by the PNG Chamber of Resources and Energy (CORE) for the 4th consecutive year; awarded 68 tertiary scholarships, 34 industrial traineeship placements, and 31 graduate placements; ongoing MOUs with PNG universities.
• Environmental & Governance: Zero reportable environmental incidents at Kainantu; released board-approved Environmental Policy and Tailings Management Policy; ongoing TCFD alignment with local hydropower improvements and solar farm engineering for GHG reduction targets; continued due diligence on child and forced labour mitigation disclosures.
• Infrastructure Development: 35% physical completion of the Konkua-Bilimoia road upgrades under the first Infrastructure Tax Credit Scheme (ITCS) project.
• Expansion & Exploration: Successfully commissioned the new 1.2M tpa Stage 3 Expansion processing plant; $18 million invested in exploration activities in 2025; $31 million to $35 million planned for exploration investment in 2026.
• Corporate Culture: Continued implementation of the K92 CARES framework and launch of the inaugural CARES Awards recognizing employee engagement and commitment.

Notable Quotes

• John Lewins, CEO & Director: “K92 celebrated many achievements in 2025 in what was a landmark year for the Company as we celebrated our 10th anniversary and successfully completed the commissioning of our new 1.2-million tonnes per annum Stage 3 Expansion processing plant... At the end of 2025, K92 was a major employer in Papua New Guinea... In addition, we have become one of the largest corporate taxpayers among mining companies in the country, with $139.2M in taxes and royalties paid or accrued in 2025. We are also currently the largest foreign investor in mineral exploration in Papua New Guinea, with $18M invested in exploration activities in 2025 and a further $31M to $35M planned investment in 2026, well-positioning the Company for continued growth.”