Kinetiko Receives Firm Commitments for $3.15M Placement

Kinetiko Energy Ltd (ASX: KKO) (Kinetiko or the Company) is pleased to announce that it has received firm commitments from professional and sophisticated investors to raise $3,152,972 (before costs) through a placement of approximately forty eight million five hundred and seven thousand two hundred and sixty two (48,507,262) new fully paid ordinary shares in the Company at an issue price of $0.065 per share (Placement Shares) (Placement). The Placement was not underwritten.

HIGHLIGHTS

• Firm commitments received for a $3.15M Placement (before costs) at an issue price of $0.065 per Placement Share.
• Placement cornerstoned by key South African and Australian investors, including Talent 10 Holdings (led by recently appointed Non-Executive Director Mxolisi Mgojo - subject to shareholder approval).
• Funds complement the FFS Refiners Joint Development Agreement funding of $2.52m, of which $580,357 has been advanced.
• Funds will be used primarily to accelerate phase 1a of Project Alpha cluster of production wells at Brakfontein (refer ASX announcement 5 November 2025) and to undertake additional exploration activities to grow resources and reserves.

• Tranche 1 will consist of the issue of up to thirty three million one hundred and twenty two thousand two hundred and sixty two (33,122,262) Placement Shares to unrelated Placement participants within the Company’s placement capacity under ASX Listing Rule 7.1 (Tranche 1 Placement Shares); and
• Tranche 2 will consist of the issue of up to fifteen million three hundred and eighty five thousand (15,385,000) Related Party Placement Shares, which will be subject to shareholder approval pursuant to ASX Listing Rule 10.11 at the Company’s annual general meeting to be held on Friday, 28 November 2025 (Tranche 2 Placement Shares).

The issue price of $0.065 per Placement Share represents a:

• 9.7% discount to the last traded price of $0.072 (on 7 November 2025); and
• 13.6% discount to the 30-day VWAP of $0.0757.

A notice of general meeting pertaining to the approvals sought by the Company for the issue of the Related Party Placement Shares, along with further information in respect of the Placement, was dispatched to Company shareholders on 29 October 2025.

Use of funds from Placement

Funds raised will primarily be applied toward Project Alpha Phase 1A gas-production development activities, including drilling and commissioning of the Brakfontein cluster, applying for a production right and gas testing and appointment of competent person for certification of gas reserves. A further portion will support additional exploration proposed near Majuba and other prospective areas, with the balance allocated to general working capital. The intended application of funds is indicative only and may be adjusted at the Company’s discretion.

Indicative Timetable

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