Kefi Gold And Copper Plc · LSE:KEFI
Kefi Gold And Copper — Investor Presentation (April 2022)
31 slides from Kefi Gold And Copper's investor presentation, April 2022
Slide 1: Investor Presentation April 2022
KEFI GOLD + COPPER Investor Presentation April 2022 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: Investor Highlights
KEFI GOLD + COPPER Investor Highlights KEFI Gold and Copper Plc KEFI has a market cap of £23m versus portfolio NPV (1) of £348M (approx. 12 pence per share) NPV (1) for portfolio increased 3X since H1 2020 due to exploration and permitting success (Saudi) and expected greater interest in Tulu Kapi (
Slide 4: Corporate Overview
KEFI GOLD + COPPER Corporate Overview Summary Share Chart (p) 2.5 Share price - 12 mth 0.7p - 2.50p 2 Current share price 0.8p 1.5 Shares in issue 2,939M 1 Options & Warrants (VWAP > 2p) 582M 0.5 Market cap £23M , $28M 0 Apr 22, 2021 Jul 19, 2021 Oct 12, 2021 Jan 07, 2022 Apr 01, 2022 Analyst & Brok
Slide 5: Market Cap of £23M versus Group NPV £348M
KEFI GOLD + COPPER Market Cap of £23M Versus Group NPV £348M (KEFI beneficial interest only) NPV £M Value of Portfolio At 31 Dec 2021 metal prices 400 350 29 300 250 128 74 200 80 150 100 205 191 164 50 114 0 H1 2020 H2 2020 H1 2021 H2 2021 TK Hawiah JQ Metal prices at 31 Dec 2021 $ NPV per Period N
Slide 6: Industry Valuation Analogues
KEFI GOLD + COPPER Industry Valuation Analogues Source: Company data, Orior Capital (left) African gold companies Enterprise Value per oz of production, planned or 2022 guidance (right)African gold companies Enterprise Value per oz of measured and indicated resource (left) EV/NPV, selected African g
Slide 7: Group Strategy
KEFI GOLD + COPPER Group Strategy • To deliver Tula Kapi financing package in H1 2022 • To continue to build value across the portfolio and mitigate single asset risk • To add further value across the 3 projects that are economically robust and feasible • In the longer term, to become a mid-tier sca
Slide 8: Mid-Tier Road Map
KEFI GOLD + COPPER Mid-Tier Road Map Targeted group production is 365Koz Au-Eq with KEFI net interest of 187Koz Au-Eq (of which 155Koz is Gold) 2022 2023 2024 2025 2026 Tulu Kapi (70%) Finance mid-22 Construction Production from mid-2024 starting at 140k oz Gold and start increasing to 194k oz p.a.
Slide 9: Arabian Nubian Shield
KEFI GOLD + COPPER Arabian Nubian Shield • TSX listed • Block 14 - Sudan (79.94Mt @ 1.11g/t for 2.85Moz) • Feasibility level • Acquired by Perssus Mining for C$215M in February 2022 • Acquisition cost of $60.35 per resource oz “We are also investigating projects across the Nubian and Arabian Shields
Slide 10: Tulu Kapi Gold Mine, Ethiopia
KEFI GOLD + COPPER Tulu Kapi Gold Mine, Ethiopia 10
Slide 11: Tulu Kapi Economic Metrics
Tulu Kapi Economic Metrics KEFI GOLD + COPPER At Gold Price US$1,591/oz Based on Open Pit Ore Reserves Only 2021 Plan (8 year LOM contract mining) Waste:ore ratio 7.4:1.0 • 1Moz in reserve at 2.1g/t within 1.7Moz resource at 2.7g/t Processing rate 1.9-2.1Mtpa Total ore processed 15.4Mt • AISC of US$
Slide 12: Identified Funding Structure
KEFI GOLD + COPPER Identified Funding Structure Existing and Future Ethiopian Subsidiaries Shareholder of International Groups to Fund Expansion $35M KEFI Gold and Copper plc 30% 100% 100% 70% G&M ARTAR KEFI Ethiopia Saudi Arabia ~70% ~ 6% Ethiopian Private. Shares in subsidiary Tulu Kapi Gold Min.
Slide 13: Tulu Kapi Development Plan for 2022
KEFI GOLD + COPPER Tulu Kapi Development Plan for 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Re-settlement begins Full finance close Begin procurement Off site fabrication On site construction begins Finalise resettlement 13
Slide 14: Tulu Kapi Development
KEFI GOLD + COPPER Tulu Kapi Development Resource grades are 2.46g/t Au for open pit and 5.69g/t Au for the underground The average grade of ore processed will be increased when the two sources are blended A DFS on mining the deeps is planned during construction Tulu Kapi Exploration Potential • Min
Slide 15: 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 Underground resource potential estimated 1M oz down-plunge; interpreted to be east of main UG shoot 15
Slide 16: Gold and Minerals LLC Saudi Arabia
KEFI GOLD + COPPER Gold and Minerals LLC Saudi Arabia
Slide 17: Existing Asset Overview - Saudi Arabia
KEFI GOLD + COPPER Existing Asset Overview - Saudi Arabia Hawiah (30%) Objectives for 2022 2021 Mineral Resource 24.9MT @ 0.9% Cu and 0.62g/t Au • Upgrade and expand the Oxide Resource In situ gold equivalent of 2.2Moz versus Tulu Kapi 1.7Moz • Explore the Central Zone of the Hawiah Ridge line KEFI
Slide 18: Regional Exploration Projects
KEFI GOLD + COPPER Regional Exploration Projects Qunnah-Hilit (2) Umm Ash-Shalaheeb (1) Jadid Al Qahtanah (1) Hawiah 3 EL + (3) Al Miyah Jibal Qutman MLA + 4 JQ ELAs (3) (4) Lorelon (5) G&M (ARTAR) holds 3 exploration licence and a further 19 applications (ELA’s) covering 1380 Km2
Slide 19: The Hawiah Project
KEFI GOLD + COPPER The Hawiah Project Wadih-Bidah Belt - Makkah Province A major greenfield discovery made in September 2019. A three year 42,000m drilling programme has so far delineated a total mineral resource of 24.9 Mt (0.9% copper, 0.85% zinc, 0.62 /t gold and 9.81 g/t silver) Hawiah ranks as
Slide 20: Hawiah Project Resource Statement and Classification
KEFI GOLD + COPPER Hawiah Project Resource Statement and Classification 2020 2021 • Major greenfield discovery made in September 2019 Total Resource 19.3 24.9 • 42,000m drilling programme over 3 years Cu Grade (%) 0.9 0.9 Au Grade (g/t) 0.6 0.62 • Mineral Resource of 24.9 Mt (0.9% copper, 0.85% zinc
Slide 21: Hawiah Project Working Towards PFS Q4-2022
KEFI GOLD + COPPER Hawiah Project Working Towards PFS Q4-2022 MRE as reported by SRK (UK) Consulting -December 2021 Note 1 Resource Price = $9200 copper, $3,000 zinc, $1820 gold and $25 silver Note 2 NSR recoveries based on NSR cost of $54/t and recoveries or 92% copper, 71% zinc, 74% gold and 84% s
Slide 22: Initial Al Godeyer Exploration Confirms Similarity to Hawiah
Initial Al Godeyer Exploration Confirms KEFI GOLD + COPPER Similarity to Hawiah Cu-Au VMS Mineralisation • Strong SP geophysical anomalies below gossans are similar to Hawiah • Trenching, geophysics and initial drilling indicates good continuity of Cu-Au mineralised horizon • Gold mineralisation of
Slide 23: Jibal Qutman Project
KEFI GOLD + COPPER Jibal Qutman Project Nabitah-Tathlith Belt - ASIR Province • Current resource of 28 Mt containing 733k gold oz (grade 0.8g/t). • G&M submitted a mining licence application in 2016. • New Mining Investment Law delayed issuance of licence • G&M Team working closely with the Deputy M
Slide 24: Jibal Qutman Gold Project
KEFI GOLD + COPPER Jibal Qutman Gold Project • Jibal Qutman is located in the southern portion of the Nabitah Suture zone (Nabitah-Tathlith), a shield wide belt hosting multiple ancient gold mines and known occurrences, as well as the major Ad Duwayhi and Mansourah- Massarah Gold Mines. • 2012-2016
Slide 25: Jibal Qutman Geology and Resource
KEFI GOLD + COPPER Jibal Qutman Geology and Resource • JQ is a typical shear hosted orogenic gold deposit with comprising a weathered oxide cap and lower un- weathered ore body. • There are currently 7 recognised zones of mineralization • Resource drilling has so far only been explored to a depth of
Slide 26: Thank You
KEFI GOLD + COPPER Thank You Email: info@kefi-minerals.com @kefiminerals KEFI Minerals plc Website: www.kefi-minerals.com 26
Slide 27: 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 28: Senior Management
KEFI Senior Management Executive Chairman and Finance Director GOLD + COPPER Plus…. Eddy Solbrandt – Ethiopia Brian Hosking – Saudi Arabia Norman Green – Development Plus People & Systems plus Planning & Exploration Norman is a graduate mechanical and professional engineer with the key experience of
Slide 29: NPV's to KEFI of the Development Projects
KEFI GOLD + COPPER NPV’s to KEFI of the Development Projects Net Present Value for KEFI at Hawiah Jibal Qutman Total Issued Pence Per 31 December 2021 Metal Prices: NPV NPV NPV NPV Shares Share 30/06/2020 £114 mill 0 0 £114 mill 1,867 mill 6 31/12/2020 £164 mill £80 mill 0 £244 mill 2,137 mill 11 30
Slide 30: Saudi Corporate Structure
KEFI GOLD + COPPER Saudi Corporate Structure 30% 70% Regional Jibal Qutman Hawiah VMS Exploration Gold Project Project Projects
Slide 31: Jibal Qutman Development Schedule
KEFI Jibal Qutman -Development Schedule GOLD + COPPER when Mining Licence Lodged in 2016 Mine Metrics • Mining 1 Mtpa • Production 20k oz pa Infill Drilling and Final Resource Jan 1 - Jun 1 • Average Op Cost c. US$600/oz Environmental Studies and Permits Jan 1 - Jun 30 • Initial capital US$38M Optim
KEFI Gold and Copper — Investor Presentation (April 2022) on 6ix