KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — KEFI Minerals — 87th Minesite Forum, London (March 2012)
22 slides from KEFI Gold and Copper's conference presentation, Mar 14, 2012
Slide 1: KEFI Minerals PLC
KEFI MINERALS PLC 87th Minesite Forum, London. 14th March 2012 F. Granitzio
Slide 2: Disclaimer
Disclaimer While the information contained herein has been prepared in good faith, the Company nor any of its shareholders, directors, officers, agents, employees or advisers give, have given or have authority to give, any representation or warranty, express or implied, as to the accuracy, reliabili
Slide 3: Saudi Arabia Gold & Minerals (G&M) Joint Venture
Saudi Arabia Gold & Minerals (G&M) Joint Venture • KEFI has formed a (40:60) joint venture with a major Saudi construction company ARTAR to jointly explore the Arabian Shield for gold and base metals. ARTAR’s original focus has been on construction and real estate development, however more recently
Slide 4: Saudi Arabia: Under Explored Precambrian Terrane
Saudi Arabia: Under Explored Precambrian Terrane • Major mining epochs date back 1000- 3000 years ago; • BRGM (French Geological Survey) and the US Geological Survey, explored from the 1970s to the 1990s and documented over five thousand historic gold and base metal mines, and workings; • The Arabia
Slide 5: The Gold and Base Metal Mining Scene in Saudi Arabia
The Gold and Base Metal Mining Scene in Saudi Arabia • Ma’aden has five operating gold mines in Saudi Arabia. One underground and four open cut mines, using CIL, flotation and heap leach plants to recover gold. • Ma’aden has discovered and added 8 Moz Au in Sukhaybarat Wadi JORC Resources in the las
Slide 6: G&M JV Exploration Portfolio & Permitting
G&M JV Exploration Portfolio & Permitting Explo ratio n Licence A pplicatio n Initial DM M R Review M o dify ELA as Required Technical Repo rt Submitted DM M R Imara A rrange Date Co mmittee M eeting o f Imara M eeting Imara Co mmitte M eeting Emir A ppro val/ Disappro val P ro vince A ppro val/ Dis
Slide 7: G&M's Selib North Project, Granted Exploration Licence
G&M’s Selib North Project, Granted Exploration Licence • Historical mines (between Fawarah and Selib) and entire tenement area is currently been mapped and evaluated; • New gold discoveries made within months of commencement of fieldwork; • High grade gold mineralisation in narrow quartz veins wides
Slide 8: Selib North Project
Selib North Project Ancient workings at Selib North Ancient dumps of crushed rock in valleys Panoramic view of screen dumps (old workings)
Slide 9: Selib North Project
Selib North Project Example of high grade Quartz-Carbonate-Pyrite Vein Narrow high grade vein and alteration zone in outcrop Rock chip channel sampling and Survey at Selib North One of the slopes hosting high grade narrow-quartz vein style mineralization
Slide 10: G&M's Hikyrin & Hikyrin South Gold Projects
G&M’s Hikyrin & Hikyrin South Gold Projects • Hikyrin and Hikyrin South EL’s granted in January 2012; • Area includes the Houimedan West old workings, which extend for about 1km. Numerous BRGM dump samples returned up to 76 g/t Au; • Mapping, surface sampling (soil, rock chip, trenches) underway. •
Slide 11: Hikyrin South
Hikyrin South Sampling previous workings at Hikyrin South Oxidized structure intersected by trench
Slide 12: Other prospects on G&M EL Application Areas
Other prospects on G&M EL Application Areas • Ancient workings. BRGM collected 32 dump samples average 7.98 ppm Au; • BRGM drilled 16 drill holes to 50-60m depth (1981). Some holes drilled in an exclusion zone (archaelogical site). Best results include: Hole 29 37 - 40m: 3m at 3.54 Au 55 - 61m: 6m a
Slide 13: Other EL Application Areas
Other EL Application Areas Licence application on High Grade Gold Vein-Style Deposit Source 1983 US Geological Survey Report.
Slide 14: Other EL Application Areas
Other EL Application Areas • Previous USGS drilling in 1983 (only 3 drill holes) intersected mineralisation at depth; • USGS best results include 5 m @ 5.2 g/t Au and 90 g/t Ag (including 0.5 m @ 13.0 g/t Au and 180 g/t Ag, 0.4 m @ 12.5 g/t Au and 173 g/t Ag); and 1.6 m @ 6.8 g/t Au and 66 g/t Ag. N
Slide 15: Examples of VMS (Cu-Zn-Au) deposits in Arabian-Nubian Shield
Examples of VMS (Cu-Zn-Au) deposits in Arabian-Nubian Shield • Barrick Gold Corp. ― Jabal Sayid, Saudi Arabia ― 99M t 1.2% Cu; 118,000t Cu. • Nevsun Resources (TSX) Bisha Mine ― WADI BIDAH VMS BELT in Eritrea J.Sayid ― High-grade Au(7.99 g/t), Cu 4.4% and Zn 7.21%) ― 1.06 Million Oz Au, 9.4 Million
Slide 16: The Wadi Bidah VMS Belt in Saudi Arabia
The Wadi Bidah VMS Belt in Saudi Arabia • Ancient Workings and mineral occurrences for base metals and gold have been found in a number of places in Wadi Bidah Mineral District (WBMD) a north-trending belt, about 100km long and 20 km width; • Gold is hosted in mesothermal quartz veins, as well as in
Slide 17: Au Gossans and VMS deposits
Au Gossans and VMS deposits • Individual Gossans can be traced in surface for up to 4km, and 2- 30m wide; • Previous sampling by BRGM on Gossans returned up to 18 ppm Au. ― Only one gossan/VMS has been drilled on G&M’s 7 ELA’s. G&M Sampling at Wadi Bidah Gossan • Potential for large VMS style ― depo
Slide 18: Au Gossans and VMS deposits
Au Gossans and VMS deposits • Mineralised VMS deposits typically have supergene enriched gold in the oxidized zone (i.e. the Gossan), grading downwards to a higher grade Cu +/- Zn zone in the primary sulphide zone; • All of the G&M ELA areas require shallow RC drilling to evaluate the Au-enriched ox
Slide 19: Au Gossans and VMS deposits
Au Gossans and VMS deposits BRGM Gossan trenching in one of the G&M ELA BRGM trench on Gossan outcrop
Slide 20: Planned 2012 Work Programme
Planned 2012 Work Programme Continue Prospect scale mapping and sampling on Selib North, Hikyrin and Hikyrin South EL’s in order to define: • 1st Phase drilling: percussion (RC) drilling and diamond drilling, up to a total metreage of up 7000m on 4 to 5 prospects. This work is planned to commence in
Slide 21: Capital Structure & Financial Overview
Capital Structure & Financial Overview • Listed on AIM in 2006 • 52 Week Range: 2.6p – 9.15p • Current Share Price: 2.92*p • 426.85m Ordinary Shares on Issue • Market Cap: £12.49m* Grindstones *correct as of 12.03.2012
Slide 22: Contact Info
Contact Info For further information, contact: Jeff Rayner, Managing Director Mobile Phone: +90 533 928 1913 (Turkey) or +966 535 004 480 (KSA) Exploration Office - Turkey Cemal Gursel Caddesi Yali Apt. No.304 Kat:4 D.9 35600 Karsiyaka Izmir, Turkey Exploration Office – Saudi Arabia Villa No: 14, Kh
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