Announcement • Jun 10

Kainantu Resources Ltd. Announces Outcomes from Airborne Geophysical Survey Conducted over Both its KRL North and KRL South Projects

Kainantu Resources Ltd. announced outcomes from the recently completed airborne geophysical survey conducted over both its KRL North and KRL South projects. The completion of airborne geophysical surveying and analysis over the Kainantu region supports the highly prospective nature of the KRL tenement portfolio for porphyry Cu-Au and epithermal Au deposits (which is on trend with the successful K92 mine). Airborne Geophysical Survey: As noted in the Company's release of March 10, 2022, encouraging results and analysis have confirmed the Company's views on the prospective nature of both KRL North and KRL South, justifying an airborne geophysical survey of the area. KRL co-operated with other miners in the Kainantu region in Fourth Quarter 2021/Q1 2022 to share resources to mobilise for airborne geophysical surveys over respective projects, with KRL having flown its survey in January-February 2022. Airborne survey data was collected by EGL (who operate the Mobile Magneto Tellurics, or Mobile MT system). The area surveyed included all prospective areas of KRL North in addition to key areas of interest in and around the Tirokave area of KRL South (including the East Avaninofi and Yaoro Ridge prospects). Geophysics Results: KRL North: Initial mapping of EGL-derived preliminary apparent conductivity at KRL North had identified a number of high conductivity areas such as the Southern Ring feature, the NE trending Ramu Gorge Fault, the SE corner of EL2655 (known as the Young Creek area) and several other discrete conductivity highs in the south of EL 2655. The relative proximity of the Arakompa and Maniape deposits to the apparent conductivity high underlying the southern ring feature area can be noted. The final processed conductivity and magnetization models prepared by CGI, together with a brief description of the interpretations of each survey block – features of interest are annotated for clarity. Two large, multi-component, magnetic anomalies interpreted as possible intrusive/extrusive complexes (N1 & N2) – either may be considered a source of mineralising fluids. The previously identified southern ring feature centred on the triple junction of 3 leases (two held by KRL and one by K92) appears associated with the N1 anomaly and may represent an apophysy of a subjacent igneous body. In this regard, zoned hydrothermal alteration and mineralisation mapped and sampled by KRL to the north and, more recently, northwest of N1 are considered consistent with peripheral mineralisation commonly associated with porphyry style deposits. A deep-seated, magnetic and conductive, NE-trending linear structure termed the Ramu Gorge Fault (N3) is associated with N1, sub-parallel to the main Kainantu Transfer Fault trend, and several NW-trending magnetic (N4) and conductivity (N5) anomalies are interpreted as permeable structures. Intersections of these NW-trending structures with the Kainantu Transfer trend represent additional exploration targets (areas of enhanced hydrothermal fluid flow). The recently identified Young Ck zone of low temperature alteration and mineralisation appears associated with the N2 anomaly which is located in a structurally permeable zone of cross-cutting dominantly NE and NW faults & fractures. Prominent NE to NNE trending lineaments shown transecting Akuna Igneous Complex rocks to the immediate southeast of this anomaly prompted KRL to apply for ELA 2755. Conductive anomalies in the northeast of survey are shallow and interpreted as permeable sediments. KRL South: At KRL South, the preliminary analysis by EGL at Yaoro Ridge, and north towards Tebeo, is shown to be underlain by a strong and extensive conductivity zone. The strong magnetic high in the center of the Tirokave Ring may indicate several multi-generational magnetic intrusive bodies forming the core of the complex. The pattern of high conductivity anomalies adds confidence to the reliability of field data and processes in KRL's predictions. A strong and extensive conductivity high orientated NW from Tebeo Ridge to the Mt. Yungateia area also appears as a prominent feature, potentially indicating further prospects of hydrothermal alteration and mineralisation in the vicinity of work already underway around Tirokave. In this regard, the Company has identified Mt. Yungateia as a newly identified prospect which appears underlain by coincident conductivity and magnetic highs. In relation to the further advanced analysis by CGI at KRL South, an extensive resistive zone (T1) could represent the batholithic Elandora Porphyry igneous complex largely occupying the center of the Tirokave ring feature, with a small apophysy on its northern margin (T2) situated on the western side of East Avaninofi Prospect, an area displaying extensive phyllic alteration. The latter anomaly is magnetic and may represent a skarn target (small skarn occurrences are commonly noted throughout the prospect areas) and/or an underlying porphyry. A resistive zone with a conductive core (T3) underlying Mt. Yungateia represents a possible porphyry target. A slightly deeper NW-trending linear conductive zone (T4, parallel to the Kora Vein-trend) is an associated structural target of interest. Hydrothermally-altered porphyritic rocks, with quartz-sulphide veins, along with skarns, have been observed in this area. Small magnetic features (T5 & T6) are associated with weak, linear N- to NNW-trending conductors. Next Steps and Conclusions: KRL will continue analysis of data collected from the airborne geophysics programme, which has been extremely useful in supporting the Company's views as to the highly prospective nature of KRL North and KRL South; while also identifying additional prospects and targets for further investigation at both. The analysis, combined with ongoing field work, will support the Company's programme to delineate drilling targets at KRL South; and potentially areas for further intensive efforts at KRL North. In addition, the Company is currently reviewing the outcomes of the CGI analysis in relation to regional prospectivity and will provide a further update in the near future.

CEO salary percentage	n/a
CEO tenure	1yr
CEO ownership	0.6%
Management average tenure	1yr
Board average tenure	1.5yrs

Name	Position	Tenure	Compensation	Ownership
Michael Murphy	Executive Chairman	2.3yrs	CA$194.00k	1.45% CA$ 362.0k
Timo Jauristo	Chief Executive Officer	1yr	no data	0.56% CA$ 140.4k
Rebecca Moriarty	Chief Financial Officer	less than a year	no data	no data
Graeme Duncan	Chief Operating Officer	5.4yrs	no data	no data
Stacey Halliwell	General Manager of Investor Relations	no data	no data	no data
Giuseppe Perone	Corporate Secretary & Legal Counsel	no data	no data	no data

Name	Position	Tenure	Compensation	Ownership
Michael Murphy	Executive Chairman	2.3yrs	CA$194.00k	1.45% CA$ 362.0k
Alexander Davidson	Independent Director	1.5yrs	no data	0.43% CA$ 108.1k
Jonathan Rubenstein	Independent Director	1.3yrs	no data	0.45% CA$ 111.4k
Lawrence Jackson	Director	less than a year	no data	no data
Geoffrey Allan Lawrence	Independent Director	5.5yrs	no data	5.75% CA$ 1.4m

Data	Last Updated (UTC time)
Company Analysis	2026/06/11 05:34
End of Day Share Price	2026/06/11 00:00
Earnings	2025/12/31
Annual Earnings	2025/03/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

South Pacific Metals Management

Management criteria checks 0/4

Key information

Recent management updates

High number of new and inexperienced directors

Chief Executive Officer recently bought CA$61k worth of stock

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Less than half of directors are independent

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High number of new and inexperienced directors

New minor risk - Share price stability

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New major risk - Financial position

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New major risk - Shareholder dilution

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New major risk - Financial position

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Kainantu Resources Ltd. announced that it expects to receive CAD 1.8 million in funding

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Kainantu Resources Ltd. (TSXV:KRL) entered into a definitive agreement to acquire Kili Teke Gold-Copper Project from Harmony Gold (PNG) Exploration Limited for $1 million.

Kainantu Resources Ltd. announced that it has received CAD 2.769749 million in funding

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Kainantu Resources Limited Identifies Three Prospects in Successful Exploration Campaign: High-Grade 40 g/t Au Sample Result

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