Kefi Gold And Copper Plc · LSE:KEFI
Kefi Gold And Copper — Investor Presentation (July 2025)
13 slides from Kefi Gold And Copper's investor presentation, Jul 16, 2025
Slide 1: Ethiopia
KEFI GOLD + COPPER
Slide 2: Arabian Nubian Shield Geologically = Western Australia
ARABIAN NUBIAN SHiELD GEOLOGICALLY = WESTERN AUSTRALIA k e f i - g o l d a n d c o p p e r. c o m F O C U S E D ON A R A B I A N - N U B I A N S H I E L D 3
Slide 3: Ethiopia's geological similarity with WA indicates a huge potential
ETHIOPIA’S GEOLOGICAL SIMILARITY WITH WA INDICATES A HUGE POTENTIAL ETHIOPIA MINERALS EXPORTS IN 2024 WERE $1B , 2025 WILL BE +$3B. EVEN IF ETHIOPIA IS ONLY 50% AS PROSPECTIVE PER HECTARE FOR MINERALS AS WA, IT CAN TARGET > $40 B P.A WA TOOK 50 YEARS. ETHIOPIA WILL BE MUCH QUICKER k e f i - g o l d
Slide 4: Reforms commenced some years ago in line with policy set in 2020
REFORMS COMMENCED SOME YEARS AGO IN LINE WITH POLICY SET IN 2020 “LIMITED EXPLORATION OF RESOURCES DUE TO POOR REGULATORY FRAMEWORK, EXPLORATION CAPACITY AND LACK OF PROMOTION. EFFORT IS NEEDED TO IMPROVE THE POLICY AND REGULATORY FRAMEWORK, BOOST INVESTMENT PROMOTION EFFORTS AND ENHANCE STAKEHOLDER
Slide 5: Location of Ethiopian minerals
LOCATION OF ETHIOPIAN MINERALS Terer-Terakimti-Zelazile Zager Meli Dallol Sekota Dull Baruda Agusha GOLD Oda Godere VMS (Cu- Zn-Pb-Ag, Au) Biklal Kata TANTAIUM-LITHIUM-NIOBIUM Tulu Kapi IRON OIL/GAS Melka Arba Akobo POTASH Elkuran Lega Dembi-Sakaro Kenticha Moyale k e f i - g o l d a n d c o p p e r
Slide 6: Logjam of development projects + open exploration = high growth
LOGJAM OF DEVELOPMENT PROJECTS + OPEN EXPLORATION = HI GROWTH THIS MINING PYRAMID REFERS TO COPPER PROJECTS GLOBALLY. DEVELOPMENT 66 PROJECTS THE SAME PRINCIPLE APPLIES TO ALL MINERALS GLOBALLY. FEASIBILITY 75 PROJECTS 2,870 PROSPECTS LEADS TO 66 MINES 500 PROSPECTS LEADS TO 10 MINES. ON AVERAGE, IT
Slide 7: Tenacity & innovation unlocking value
TENACITY & INNOVATION UNLOCKING VALUE THIS TABLE % SHARE OF DISCOVERIES IN WESTERN WORLD BY COMPANY TYPE 1975-2021 SIMILAR RESULTS APPLY TO MOST JURISDICTIONS THE JUNIOR COMPANIES MAKE THE DISCOVERIES ETHIOPIA IS NOW UNDERSTANDING THE ROLE OF JUIORS AS WELL AS MAJORS IMPORTANTLY , THE CURRENT ECONOM
Slide 8: Introducing 21st century mining to lands mined since the Queen of Sheba
INTRODUCING 21ST CENTURY MINING TO LANDS MINED SINCE THE QUEEN OF SHEBA Ethiopia’s Tulu Kapi Gold Project Tulu Kapi is the only ‘banked’ mining project. One of only three mines being developed Located in largest gold district. Gold mining since Queen of Sheba.. Tulu Kapi has no artisanal mining due
Slide 9: Rapid democratic reform – Nobel Prize
RAPID DEMOCRATIC REFORM – NOBEL PRIZE The pace of change in Ethiopia has been so fast since Dr Abiy Ahmed became Prime Minister it is almost like – INSTABILITY 2016- 2022 observing - NOW a different CALMED country – BBC BBC: The reforms he has introduced were unthinkable not so long ago. The (previo
Slide 10: 2022 was the end of state of emergency. We then:
2022 WAS THE END OF STATE OF EMERGENCY. WE THEN: 1. INSTALLED SECURITY 2. WERE DESIGNATED STRATEGIC PROJECT STATUS FOR CURRENCY CONTROL AND, IN MAY 2025 3. RECEIVED PARLIAMENTARY RATIFICATION OF BANKS WE NOW TRIGGER COMMUNITY RESETTLEMENT k e f i - g o l d a n d c o p p e r. c o m F O C U S E D ON A
Slide 11: Debt: Tulu Kapi shows project debt-funding is available for Ethiopia
DEBT: TULU KAPI SHOWS THAT PROJECT DEBT-FUNDING IS AVAILABLE FOR ETHIOPIA FOR THE RIGHT STRUCTURE / PEOPLE EQUITY: ALLIED GOLD’S 2023 IPO SHOWED MARKET HAD OPENED FOR ETHIOPIA. IN 2025 INSTITUTONS ALSO JOINED KEFI REGISTER Tulu Kapi project finance plan US$M Total project costs, past and future 530
Slide 12: Resettlement is 1st big step on the ground
INTENSE LAUNCH PREPARATIONS FOR PAST YEAR. RESETTLEMENT IS 1ST BIG STEP ON THE GROUND. BEING TRIGGERED NOW, 3 MONTHS AHEAD OF SCHEDULE Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Q4-26 Q1-27 Q2-27 Q3-27 Q4-27 Q4-28 SECURITY DEPLOYED EARLY WORKS MAJOR WORKS DEFINITIVE DOCUMENTATION DR
Slide 13: Thank you
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