KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — Africa Down Under Conference 2021
24 slides from KEFI Gold and Copper's conference presentation, Sep 1, 2021
Slide 1: Update to Africa Down Under Conference
KEFI GOLD + COPPER Update to Africa Down Under Conference Mining in Ethiopia and Saudi Arabia A New Dawn 1 September 2021 1
Slide 2: Disclaimer
KEFI GOLD + COPPER Disclaimer The information contained in this document (“Presentation”) has been prepared by KEFI Gold and Copper plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agent
Slide 3: Some of the Companies Now Active in Ethiopia and Saudi Arabia
KEFI GOLD + COPPER Some of the Companies Now Active in Ethiopia and Saudi Arabia International Progress Association for Mining in Ethiopia Chairman is KEFI and contact is Harry Anagnostaras-Adams
Slide 4: Strong Local Corporate Alliances, Large Potential Value Creation
KEFI GOLD + COPPER Strong Local Corporate Alliances Large Potential Value Creation Tuku Kapi (Gold), Ethiopia. To be c. 70%-owned by KEFI alongside Government and Local Private: • KEFI beneficial interest expected to be c. 70%, up from 45% expected in 2020, significantly value accretive Hawiah (Copp
Slide 5: KEFI's Listed Valuation Analogs
KEFI GOLD + COPPER KEFI’s Listed Valuation Analogs EV per oz of planned or actual production • KEFI market cap c. £40M or US$56M is trading at: • 15% of NPV and ~US$440/oz planned production versus > 100% and US$2,600/oz respectively for producers • US$45/oz on measured and indicated resources and U
Slide 6: Ethiopia
KEFI GOLD + COPPER Ethiopia • The oldest of 54 African countries never to have been colonised • The base for the African Union, hosting over 100 embassies, most global NGO’s and most global media chains • Receives more UK development aid than any other country; receives more Canadian development aid
Slide 7: Ethiopian Mining Sector
KEFI GOLD + COPPER Ethiopian Mining Sector • No industrial-scale mines have been developed for 30 years, despite obvious geological potential and active artisanal sector • Ethiopia urgently needs an industrial-scale mining industry to balance its trade deficit and assist regional development • In pr
Slide 8: Site Visit December 2020 to Prepare Project Start
KEFI GOLD + COPPER Site Visit December 2020 to Prepare Project Start A Rural Site 1,000 sq kms from Conflict Area Left Foreground: Minister for Mines and Petroleum, West Wolega Zone Administrator, and TKGM Stakeholder Engagement Project Manager Ministry for Mines and Petroleum has approved the sched
Slide 9: Saudi Arabia
KEFI GOLD + COPPER Saudi Arabia Saudi Arabia has long been noted for some of the best walk-up drill targets anywhere 2019: Saudi Arabia announced it will establish a standalone ministry of industry and mineral resources, separating it from the energy ministry as one of a number of government changes
Slide 10: Hawiah Discovered 2020, Moved into PFS stage 2021
KEFI GOLD + COPPER Hawiah Discovered 2020 Moved into PFS stage 2021 • Drilling has targeted a 4.5Km long gossanous ridgeline now defined into the main areas; Camp Lode, Central Zone and Crossroads Lode • Three mineralisation zones identified: oxide zone near surface with supergene gold enrichment, a
Slide 11: Appendices
KEFI GOLD + COPPER Appendices The siliceous gossan at Hawiah 11
Slide 12: Tulu Kapi has been part of its community
Tulu Kapi has been part of its community for over 15 years KEFI GOLD + COPPER Providing the school, roads, water and neighbourly responsibility Inspecting water supply provided by TKGM Weekly volleyball competition at Tulu Kapi camp Maintaining the nursery 12
Slide 13: The Licence to Operate
KEFI GOLD + COPPER The Licence to Operate What does industry need to do: 1. Earn the trust of the community Job Creation • Upward of 1000 direct employees • Many more employed indirectly 2. Drive alignment with Government at all levels Diversification of Local Economy Industry Growth • Growth of min
Slide 14: Tulu Kapi Open Pit and Deeps
Tulu Kapi Open Pit KEFI GOLD + COPPER Tulu Kapi Deeps Resource grades are 2.46g/t Au for open pit and 5.69g/t Au for the underground 1.7M oz Resource and 1M oz Open-Pit Reserve Mineralisation below the open pit remains open, >1.5g/t Au in yellow and > 5.0g/t Au in pink
Slide 15: Tulu Kapi Process Plant
Tulu Kapi KEFI GOLD + COPPER Process Plant 3-D Image Development Schedule: Q3-21: Triggered detailed engineering for plant procurement and the 1st stage of the Tulu Kapi community resettlement compensation Q4-21: Resettlement and Procurement Q1-22: Bulk Earth Works Commence Q2-22: Process Plant Cons
Slide 16: Tulu Kapi Open at Depth
KEFI GOLD + COPPER Tulu Kapi Open at Depth TKBH_293: 90m @ 2.8g/t Au TKBH_125 intersected mineralisation 140m down- plunge; interpreted to be east of main UG shoot Underground resource potential estimated 1M oz
Slide 17: Tulu Kapi District Exploration Potential
KEFI GOLD + COPPER Tulu Kapi District Exploration Potential • +1,000 km2 highly prospective exploration area reserved for KEFI Ethiopia (100% KEFI) • 24km of mineralised strike identified along two trends parallel to the Tulu Kapi Trend • Within trucking distance of Tulu Kapi plant • High-grade gold
Slide 18: Hawiah Key Drill Intercepts
KEFI GOLD + COPPER Hawiah Key Drill Intercepts • Good copper grades throughout the Camp Lode and appears to be increasing down plunge • Latest drilling confirms the Crossroads Lode remains open at depth Downhole Estimated true Mineralisation Hole ID Total Depth From (m) To (m) Cu % Zn % Au g/t Ag g/
Slide 19: Hawiah Long Section
KEFI GOLD + COPPER Hawiah Long Section Looking East 6km For further information, refer to the KEFI announcement dated 24 August 2021. 19
Slide 20: COVID Management
KEFI GOLD + COPPER COVID Management • KEFI’s front-line teams have either had COVID or have been vaccinated • All KEFI personnel who travel internationally have been vaccinated • COVID protocols strictly implemented • Large workforce will start at Tulu Kapi in 2022, by which time vaccinations planne
Slide 21: Corporate Overview
KEFI GOLD + COPPER Corporate Overview Summary Summary • KEFI was until recently grassroots explorer and is now an explorer, developer and AIM code KEFI hands-on operator of mining joint ventures with influential and strong local partners in the Arabian-Nubian Shield Share price - 12 mth 1.41p (low)/
Slide 22: KEFI's Board of Directors
KEFI GOLD + COPPER KEFI’s Board of Directors Harry Anagnostaras-Adams – Executive Chair – B. Comm, MBA, Fellow of Australian Institutes of Management & Company Directors Harry was founder or co-founder of Citicorp Capital Investors Australia, investment company Pilatus Capital, Australian Gold Counc
Slide 23: KEFI's Senior Management
KEFI’s Senior Management KEFI GOLD + COPPER Executive Chairman and Finance Director Plus…. David Munro - Operations Eddy Solbrandt – People & Systems Brian Hosking – Planning & Exploration Norman Green – Development David began his career as a mining engineer in Eddy began his career in the mining i
Slide 24: Thank You
KEFI GOLD + COPPER Thank You Drilling at the Hawiah Camp Lode Email: info@kefi-minerals.com @kefiminerals KEFI Minerals plc Website: www.kefigoldandcopper.com 24
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