1.0 Exit Case: K92 Mining Inc. (TSX: KNT)

Overview:

K92 Mining Inc. (TSX: KNT) owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.

KNT has been a part of the ‘Value Portfolio’ since 19^th September, 2025, however, considering the rally and ~14.15% upside from the entry price, an ‘Exit’ is recommended from the stock at the price of CAD 17.59, (as on 2^nd October, 2025).

1.1 Support and Resistance Summary as provided in our last published report dated 19^th September, 2025

1.2 K92 Mining Inc. (TSX: KNT)

 2.0 New Entry Case: Alphamin Resources Corp

Overview:

Alphamin Resources Corp. (TSXV: AFM) is engaged in the business of production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The company considers its business to consist of one reportable operating segment, being the Extraction and Sale of Tin from its Bisie Tin Mine.

Technical Analysis: On the daily chart, AFM prices are trading on a positive note, having recently surged to CAD 1.10 and closing near the recent high of CAD 1.13. The stock has been in an overall uptrend since hitting a low around CAD 0.40 in March - April, showing sustained bullish momentum over the past six months. The 14-period Relative Strength Index (RSI) stands at approximately 64.0728, highlighting decent buying momentum and confirming the strength of the ongoing uptrend, with the stock continuing to trade firmly in bullish territory. The key support for stock is at CAD 0.95, while the critical resistance level is at CAD 1.30

Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Value Portfolio’ at the closing market price of CAD 1.10, as on (as on 02^nd October, 2025).

Alphamin Resources Corp. (TSXV: AFM) has been identified as the new entry to our Value Portfolio.

2.1 Support and Resistance Summary (as on 02^nd October, 2025)

2.2 Alphamin Resources Corp. (TSXV: AFM)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of 02 October, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.