KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — KEFI Minerals — 121 Conference Indaba, Cape Town 2016
13 slides from KEFI Gold and Copper's conference presentation, Feb 9, 2016
Slide 1: Emerging Gold Miner in the Arabian-Nubian Shield
EMERGING GOLD MINER IN THE ARABIAN-NUBIAN SHIELD 121 CONFERENCE INDABA CAPE TOWN 9 FEBRUARY 2016
Slide 2: Disclaimer
DISCLAIMER The information contained in this document (“Presentation”) has been prepared by KEFI Minerals plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers g
Slide 3: Two Complementary Platforms within the Arabian-Nubian Shield
TWO COMPLEMENTARY PLATFORMS WITHIN THE ARABIAN-NUBIAN SHIELD Ethiopia: KEFI 95% of KEFI Minerals Ethiopia, which owns Tulu Kapi Gold Project. Govt 5% to increase to c. 25% at closing of its planned project-level equity investment. • Tulu Kapi Gold Project rigorously overhauled. Now robust. • At US$1
Slide 4: Tulu Kapi Rigorously Overhauled Since Acquisition in Dec 13
TULU KAPI RIGOROUSLY OVERHAULED SINCE ACQUISITION IN DEC 13 PREVIOUS OWNER’S KEFI NEARING CONSTRUCTION OCT 12 ESTIMATES JAN 16 ESTIMATES TARGET START OF POSITIVE CASH FLOW 2015 2017 OPEN PIT MILL. TONNES OF WASTE VS ORE 144:17M t 114:15M t GOLD PRODUCTION TOTAL AND P.A. 924Koz & 105Koz p.a. 980Koz &
Slide 5: KEFI Now Advancing Rapidly: Tulu Kapi Development Schedule Commenced Dec 15
KEFI NOW ADVANCING RAPIDLY TULU KAPI DEVELOPMENT SCHEDULE COMMENCED DEC 15 • Plan strong cash flows from Tulu Kapi in Ethiopia • Saudi exploration of large portfolio, targeted to be self-funding • Similar geology to world-class gold district of Australia • Limited modern exploration provides opportu
Slide 6: Tulu Kapi Moving Towards Construction Q4-16
TULU KAPI MOVING TOWARDS CONSTRUCTION Q4-16 PROJECT PARTNER, CONTRACTORS AND BANKS SELECTED Ethiopia’s dynamic economy: GDP grew by 7-10% p.a. over the past 15 years. Gold mining prioritised and KEFI paving the way as the first major mine development.
Slide 7: Substantial Further Resource Potential
SUBSTANTIAL FURTHER RESOURCE POTENTIAL Gold mineralisation may extend deeper and >600m further to the north - potential for 1Moz below open pit North View looking east South 7
Slide 8: High-Grade Gold Below Tulu Kapi Open Pit
HIGH-GRADE GOLD BELOW TULU KAPI OPEN PIT FOR FUTURE UNDERGROUND DEVELOPMENT SW NE Gold mineralisation open at depth, along strike and down plunge Resource blocks below open pit: >1.5g/t Au (brown) >5g/t Au (pink) 8
Slide 9: Thick High-Grade Zones Below Open Pit
THICK HIGH-GRADE ZONES BELOW OPEN PIT • KEFI expects to significantly expand the potential underground resource as the resource is open at depth, along strike and down plunge • High-grade drill intercepts below the planned open pit: • Final diamond hole drilled to the north intersected 90m at ≈3g/t
Slide 10: Saudi Arabia: First Movers in a New Gold Province
SAUDI ARABIA...FIRST MOVERS IN A NEW GOLD PROVINCE A PARTNERSHIP OF KEFI AND THE AL RASHID FAMILY Saudi Arabia has prioritised gold sector and the Development Agency finances 75% at 2% interest. Large drill targets applied for by partner on JV’s behalf, to comply with financial capacity barriers. We
Slide 11: Jibal Qutman: Gold Discovery
JIBAL QUTMAN: GOLD DISCOVERY A SET OF SHALLOW OPEN PITS • c.99km2 EL was granted in July 2012 • Rapidly delineated initial JORC Resource in 2013 • Resource increased to 0.73Moz in 2015 • Delineating further shallow oxide gold but now sufficient to start mining licence process and completion of full
Slide 12: Key Milestones
KEY MILESTONES Tulu Kapi, Ethiopia Jibal Qutman and Hawiah, Saudi Arabia 2015: 2015: • Mining Agreement signed • Jibal Qutman – sufficient oxide gold resource confirmed • Completed Tulu Kapi DFS for heap leach development • Appointed contractors and selected financiers • Hawiah – geophysics delineat
Slide 13: Contacts
CONTACTS Harry Anagnostaras-Adams, Executive Chairman Mobile: +357 99457843 Jeff Rayner, Exploration Director Wayne Nicoletto, Head of Operations England - Registered office Cyprus - Group corporate team Ethiopia - Development and exploration teams Saudi Arabia - Exploration team Turkey - Support Em
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