Kefi Gold And Copper Plc · LSE:KEFI
Kefi Gold And Copper — Future Minerals Forum 2025, Riyadh
32 slides from Kefi Gold And Copper's conference presentation, January 2025
Slide 1: Building a Minerals Leader: Saudi Arabia and Ethiopia
Building a Minerals Leader Saudi Arabia and Ethiopia The Arabian-Nubian Shield Future Minerals Forum – Riyadh Presentation January 2025 kefi-goldandcopper.com
Slide 2: Disclaimer
Disclaimer ARABIAN - NUBIAN SHIE 2 kefi-goldandcopper.com Focused On Arabian- Nubian Shield
Slide 3: Solid Platform for Rapid Growth
Gold/Copper Deposit N KEFI MINERALS ETHIOPIA KEFI (G&M JV) EL Solid Platform for Rapid Growth KEFI (G&M JV) ELA Arabian Nubian Shield ETHIOPIA – Critical Materials Exploration ▪ 100% of Konso, Copper/Nickel/Cobalt and Tantalum/Lithium ▪ 100% of “Kenticha Extended” Tantalum/Lithium ▪ VMS copper targe
Slide 4: Illustration of Opportunities in Ethiopia and the Kingdom
Illustration of Opportunities in Ethiopia and the Kingdom ARABIAN - NUBIAN SHIE Hawiah: +5km of mineralized gossanous ridge. KEFI first to drill and trench. Tulu Kapi: 1Moz Reserve within 1.7Moz Resource and open. Now +30Mt at 1.7% Cu-Equiv and open. Au-equiv of 2.5Moz. KEFI first to trench despite
Slide 5: Corporate Snapshot KEFI: UK Perspective
Corporate Snapshot KEFI UK Perspective GOLD + COPPER ETHIOPIA: ▪ Substantial investment : Historical spend $100M, $50M since 2014 CAPITAL STRUCTURE (AIM:KEFI) ▪ Deep Value: KEFI NPV £839M (5%) at $2,600/oz ▪ Early Works Complete: Preparing to sign financing, and launch Major Works 52 Week High- Low
Slide 6: Corporate Snapshot AMAK – listed in Saudi Arabia
Corporate Snapshot AMAK – listed in Saudi Arabia Saudi Perspective AMAK Metrics vs GMCO AMAK has similar but smaller deposits and has a mkt cap of $1.5bn AMAK GMCO Copper-Gold Mine/Project Al Masane UG³ Hawiah OP + UG Mineral Resources 8.6Mt @ 1.0% Cu, 5.0% Zn, 1.0g/t Au, 38g/t Ag 29Mt @ 0.89% Cu, 0
Slide 7: KEFI: ready to achieve overnight success (after 16 Years!)
KEFI: ready to achieve overnight success (after 16 Years!) In KEFI’s view: • Both Ethiopia and Saudi Arabia have turned for the better • We have a shovel-ready project in Ethiopia and two advancing development studies in Saudi Arabia • We have strong regional alliances • KEFI considers that the Lass
Slide 8: Ethiopia – Why Now?
Ethiopia – Why Now? 2018 DEMOCRATIC REFORMS NOW ACCEPTED LOCALLY AND INTERNATIONALLY SUPPORTED 2024: Democratic reforms were welcomed in 2018 but the turmoil that followed stalled the country on nearly ▪ 2023: “Top 13 Growth Countries” status now re-established all fronts. Since the lifting of the n
Slide 9: Saudi Arabia – Why Now?
Gold/Copper Deposit Saudi Arabia – Why Now? N KEFI MINERALS ETHIOPIA KEFI (G&M JV) EL Subject to $2.5 billion KEFI (G&M JV) ELA takeover by Arabian Nubian Shield AngloGold Ashanti PRIORITY TO DEVELOP MINING INDUSTRY. MIDDLE EAST IS NOW THE LARGEST INVESTOR IN APRICAN MINERAL RESOURCES: Jibal Qutman
Slide 10: Current Structure of Partners, Investors, Banks and Contractors
Current Structure of Partners, Regional KEFI GOLD + COPPER Investors, Banks and Contractors Public Shareholders Regional Investor/s Gold-Linked Redeemable Preference Shares 15% 100% 100% GMCO ARTAR KEFI Ethiopia Saudi Arabia 85% c.80% .c.20% Tulu Kapi Gold Critical Materials Government Mines (TKGM)
Slide 11: Status of Tulu Kapi Full Launch Process
Status of Tulu Kapi Full Launch Process (1st development is Tulu Kapi. Larger than any Saudi Gold Mine) December 2024: • Early Works essentially completed, demonstrating readiness of security and community to trigger full launch • Detailed Terms Updated by the Banks and the drafted Definitive Docume
Slide 12: CSR Policy & Strategy
CSR Policy & Strategy A Long-Term Partnership Between KEFI, Government & Community • Compensation and resettlement in accordance with local law and international standards • We support Government implementation of resettlement • We emphasize transparency and collaboration • Community inputs to progr
Slide 13: Commencement of Major Works: New Main Access Road to Tulu Kapi
ARABIAN - NUBIAN SHIE COMMENCEMENT OF MAJOR WORKS NEW MAIN ACCESS ROAD TO TULU KAPI 13 kefi-goldandcopper.com Focused On Arabian- Nubian Shield
Slide 14: Commencement of Major Works: New Main Access Road to Tulu Kapi
ARABIAN - NUBIAN SHIE COMMENCEMENT OF MAJOR WORKS NEW MAIN ACCESS ROAD TO TULU KAPI 14 kefi-goldandcopper.com Focused On Arabian- Nubian Shield
Slide 15: Commencement of Major Works: New Main Access Road to Tulu Kapi
ARABIAN - NUBIAN SHIE COMMENCEMENT OF MAJOR WORKS NEW MAIN ACCESS ROAD TO TULU KAPI 15 kefi-goldandcopper.com Focused On Arabian- Nubian Shield
Slide 16: Tulu Kapi Planned Site Layout - Overview
Tulu Kapi Planned Site Layout - Overview • Standard 2Mtpa CIL processing plant • Contract mining – truck and shovel • Open pit waste to ore ratio of 7.5 to 1 • Head grade of 2.1g/t gold (open pit) • Gold recoveries of 93% • Open Pit gold production 135Koz pa • Initial Underground contribution expect
Slide 17: Hawiah – VMS Copper-Gold-Zinc-Silver
Hawiah –VMS Copper-Gold-Zinc-Silver Top 3 base metals discovery in Saudi Arabia – working on DFS • Major greenfield discovery made in 2019 • 119,000m drilling programme since 2019 • Mineral Resource of 29Mt at 0.89% copper, 0.94% zinc, 0.67g/t gold and 10.1g/t silver • Further near-term resource exp
Slide 18: Hawiah Project - Long section displaying resource classification and open pit shells
Hawiah Project - Long section displaying resource classification and open pit shells = Crossroads Extension 5000m Strike Crossroads Central Zone Camp Lode Open Pit- 11.1 Mt Underground - 17.9 Mt Resource Classification EEE indicated ee => rold MEME interrea o Unctassifies k-minerals Hawiah Project -
Slide 19: Jibal Qutman - Near Surface, Orogenic Gold
Jibal Qutman - Near Surface, Orogenic Gold ~270Km² Licence Package Including 0.7Moz Resource as basis for the current DFS • A GMCO discovery on which work was suspended in 2016 during a regulatory overhaul and the site was re-accessed in late 2022 New Asfingia • Mining Licence Area initially planned
Slide 20: Addenda
ADDENDA E: info@kefi-goldandcopper.com Kefiminerals KEFI Gold and Copper kefi-goldandcopper.com
Slide 21: Tulu Kapi Gold Mine
ARABIAN - NUBIAN SHIE ❑ Major Works to follow finance closing Tulu Kapi ❑ Preparation for signing $320 million Project Finance package Gold Mine ❑ Targeting production commissioning to start mid-2026 and first full-year production 2027 21 kefi-goldandcopper.com Focused On Arabian- Nubian Shield
Slide 22: Tulu Kapi – Open Pit + Underground Mine
Tulu Kapi – Open Pit + Underground Mine 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 ARABIAN - NUBIAN SHIE increased when the two sources are blended A DFS on mining the deeps is planned during construction of Open Pit and
Slide 23: Tulu Kapi – Open at Depth
Tulu Kapi – Open at Depth 73,109m of Diamond drilling 49,625m of RC Drilling TKBH_293: 90m @ 2.8g/t Au 4,818m of Geotechnical Drilling 6,051m of Hydrogeological Drilling ARABIAN - NUBIAN SHIE 1,417m of Trenching TKBH_125 intersected mineralisation 140m down- plunge; interpreted to be east of main UG
Slide 24: Independent Experts Sign Off
Independent Experts Sign Off Tulu Kapi Signed Off by Leading Experts for the International Syndicate Security Due Diligence Financial Model ARABIAN - NUBIAN SHIE Environment & Social Definitive Feasibility Study Resources & Reserves 24 kefi-goldandcopper.com Focused On Arabian- Nubian Shield
Slide 25: Saudi Arabia
ARABIAN - NUBIAN SHIE Saudi Arabia Two advanced projects and large regional portfolio 25 kefi-goldandcopper.com Focused On Arabian- Nubian Shield
Slide 26: GMCO JV
GMCO JV ~1,000km² License Package • GMCO holds Exploration Licences (“EL’s”) via (ARTAR) covering ~1,000 km2 and further applications (ELA’s) • All licences being transferred into GMCO for ease of project financing • Teams mobilised onto 14 new EL’s, three times what GMCO was granted in previous ARA
Slide 27: Corporate
CORPORATE E: info@kefi-goldandcopper.com Kefiminerals KEFI Gold and Copper kefi-goldandcopper.com
Slide 28: KEFI Board of Directors
KEFI Board of Directors Experienced Industry Specialists for the Region Harry Anagnostaras-Adams John Leach Addis Alemayehou Alistair Clark Richard Robinson Executive Chair – B. Comm, MBA, Finance Director – BA Non-Executive – representative with Non-Executive Non-Executive – Chair of Fellow of Aust
Slide 29: Management Team - Executive Directors Plus...
Management Team - Executive Directors Plus... Eddy Solbrandt – Chief Operating Officer Robert Williams - Corporate Development & Eddy began his career in the mining industry in 1986 and has Technical Studies since worked in open cut and underground metalliferous mines, Rob began his career in mining
Slide 30: Tulu Kapi Mineral Resources & Ore Reserves
Tulu Kapi Mineral Resources & Ore Reserves Resources - 1.72Moz of contained gold at 2.65g/t Resource Area Tonnes Gold Contained Gold Category (millions) (g/t) (Moz) Indicated Above 17.7 2.49 1.42 1,400m RL Inferred 1.3 2.05 0.08 Sub-Total 19.0 2.46 1.5 Indicated Below 1.1 5.63 0.20 1,400 RL Inferred
Slide 31: Country Risk – Ethiopia now a lower risk destination
Country Risk – Ethiopia now a lower risk destination ARABIAN - NUBIAN SHIE 31 kefi-goldandcopper.com Focused On Arabian- Nubian Shield
Slide 32: Thank You
THANK YOU E: info@kefi-goldandcopper.com Kefiminerals KEFI Gold and Copper kefi-goldandcopper.com
KEFI Gold and Copper — Future Minerals Forum 2025, Riyadh on 6ix