African Pioneer Plc · LSE:AFP
African Pioneer — Investor Presentation (February 2023)
23 slides from African Pioneer's investor presentation, February 2023
Slide 1: Corporate Presentation February 2023
CORPORATE PRESENTATION FEBRUARY 2023 WWW.AFRICANPIONEER.COM 1
Slide 2: Disclaimer
DISCLAIMER The information contained in this document, including any information and opinions contained or discussed in any accompanying oral presentation, question and answer session and any other materials distributed in connection with this document (the ‘Presentation’) has been prepared by or on
Slide 3: Board of Directors
BOARD OF DIRECTORS Colin Bird Executive Chairman Colin Bird is a chartered mining engineer with multi commodity mine management experience in Africa, Spain, Latin America and in the Middle East. He has been the prime mover in a number of public listings in the UK, Canada and South African and is cur
Slide 4: Corporate
CORPORATE Number of ordinary shares in issue: 191,707,845 Current share price: 2.30p LSE Code: AFP Current Market Capitalisation: GBP4.4M Significant Shareholders Shareholders No. of Shares Percentage Sandfire Resources Ltd 28,418,932 14.82 Colin Bird 21,061,728 10.99 Raju Samtani 16,061,728 8.38 Ch
Slide 5: Mission Statement
MISSION STATEMENT 2023 – 2025 Mission critical - Position the Company in the high demand copper arena - Position to generate cash and/or have large scale discovery potential - Focus to be on Southern Africa - Share risk and reward with major copper mining companies - Work closely with local entrepre
Slide 6: African-Based Copper Projects
AFRICAN-BASED COPPER PROJECTS Region Project Status Zambia Western • Phase I drilling complete Cu Foreland & • Large anomalies delineated traditional Cu • Phase II drilling approved Belt • Large on surface >30km potential AFP – FQM Option Agreement Namibia Ongombo • Indicated & Inferred Mineral Reso
Slide 7: African Pioneer
AFRICAN PIONEE Prioneer
Slide 8: First Quantum Minerals Option Agreement
FIRST QUANTUM MINERALS OPTION AGREEMENT Tenke Fungurume 177Mt @ 2.1% Cu • “The Central African Copperbelt, … is the world's largest and highest- grade sedimentary copper province, with approximately 200 Mt of Kamoa – Kakula contained copper and the world's largest cobalt reserves”. M. Hitzman et al
Slide 9: Central African Copperbelt FQM Option
CENTRAL AFRICAN COPPERBELT FQM OPTION • 7 near or at surface Cu in soil targets identified • Combined target strike length of > 45km with peak pXRF analyses ranging from 316 – 1,046ppm Cu in soil • Shallow percussion drilling intersected mineralisation with peaks of up to 3% Cu • Near-surface drill
Slide 10: Ongombo, Namibia (Cu – Au)
ONGOMBO, NAMIBIA (Cu – Au) 10
Slide 11: Ongombo, Namibia (Cu – Au)
ONGOMBO, NAMIBIA (Cu – Au) • Namibia - 15km from Otjihase Cu – Au mine • Pre-mine development planning - Future combined UG and O/P operation • 25-year Mining Licence granted • ESIA near-completion East – Ost • JORC (2012) Mineral Resource Estimate Central Shoot • INDICATED: 10.4Mt @ 1.4% Cu & 0.35g
Slide 12: Ongombo Mineral Resource Estimate
ONGOMBO MINERAL RESOURCE ESTIMATE Resource Tonnes Cu Au Ag Category (Mt) (%) (g/t) (g/t) Indicated 10.4 Potential open pit Central Shoot 3.67 1.61 0.35 7.06 grade contours at >1%, 0.6% & 0.3% Ost/East Shoots 6.8 1.27 0.35 6.9 Cueq Total Indicated 10.4 1.4 0.35 7 Inferred 1.65 Central Shoot 0.39 1.38
Slide 13: Sandfire, Botswana (Cu)
SANDFIRE, BOTSWANA (Cu) 15% EQUITY SHAREHOLDER & OPTION HOLDER 13
Slide 14: Sandfire, Botswana (Cu)
SANDFIRE, BOTSWANA (Cu) • 4 exploration licences subject to a 2-year option • Total combined area of 1,091.8km2 • Signed 2 October 2021 • Sandfire paid US$500,000 cash & issued 107,272 shares for the Option • Requirement to spend US$1 million on exploration • • 60% directly attributable to drilling
Slide 15: Sandfire, Botswana – Work to Date
SANDFIRE, BOTSWANA – WORK TO DATE • PL101/2020 – Soil programme on-going • First batch of samples sent for assay • Further work pending end of Wet Season • Sandfire strategy focused on: • Production of 3D basin-scale litho-structural model and sub-basin mapping • Rank and test priority targets • Com
Slide 16: Compelling Investment Case
COMPELLING INVESTMENT CASE - Compelling portfolio of advanced Cu projects with near-term development opportunities - Projects with scope for development of larger resources and/or small mine development - Small mines to fund exploration - High quality Cu projects in a combination of brownfield and g
Slide 17: Copper and Green Energy Transition
COPPER AND GREEN ENERGY TRANSITION 17
Slide 18: Green Energy Transition
GREEN ENERGY TRANSITION • Cu is essential to ALL energy transition plans • Energy Transition requires electrification on an unprecedented scale • Substitution and recycling will not meet the demands of EV’s, renewable power generation and power storage infrastructure • There is an urgent need to upg
Slide 19: Global Recognition of the Importance of Copper
GLOBAL RECOGNITION OF THE IMPORTANCE OF COPPER World Bank: “A low-carbon future will be very mineral intensive because clean energy technologies need more materials than fossil-fuel-based electricity generation technologies” IMF: “Striving to achieve net zero by 2050 is likely to spur unprecedented
Slide 20: Copper Demand
COPPER DEMAND • Global refined copper demand is projected to double from 25MMt in 2021 to nearly 49MMt in 2035 • Energy transition technologies will account for approximately half of the growth in demand • Cu production worldwide has never produced at the rate required to meet projected demand • Cu
Slide 21: Copper Supply Constraints
COPPER SUPPLY CONSTRAINTS • Rapid deployment globally of Energy Transition technologies will cause a huge surge in copper demand • Assuming aggressive capacity utilization rates and record recycling rates, refined copper demand will outstrip supply up to 2035 • The shortfall in Cu demand is projecte
Slide 22: Refined Copper Usage
REFINED COPPER USAGE • Growth in Cu demand will vary significantly by technology • During the period 2021 to 2035 Cu demand is projected to increase by 82% Sector demand during the same period: 2021 2035 Power and auto Sectors: 2.2MMtpa 9.3MMtpa Transmission/Distribution: 4.7MMtpa 7.5MMtpa Power Gen
Slide 23: Democracy Index 2021
DEMOCRACY INDEX 2021 • Information derived from Economist Intelligence Unit Democracy Index 2021* (“EIU”) annual report on democracy 10 • The Democracy Index provides a snapshot of the state 8 of democracy worldwide in 165 independent states 6 and two territories 4 • This covers almost the entire po
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