Kgl Resources Limited · ASX:KGL
Kgl Resources — Shareholder Meeting (May 2021)
27 slides from Kgl Resources's shareholder meeting presentation, May 31, 2021
Slide 1: Annual General Meeting Presentation
www.kglresources.com.au 7/167 Eagle Street St Brisbane, 4000 31 May 2021 Annual General Meeting Presentation For personal use only Attached are the presentations to be given at today’s Annual General Meeting Approved for release by KGL Board of Directors. Page 1 of 1
Slide 2: KGL Resources Annual General Meeting
For personal use only KGL Resources Annual General Meeting High Quality Australian Copper Project Poised for Development 31 May 2021 KGL Resources: Company Overview February 2021 (ASX:KGL)
Slide 3: Jervois Copper Mineral Resource
Jervois Copper Mineral Resource For personal use only KGL Resources Resources: Company Overview February 31 2021(ASX:KGL) May 2021 (ASX:KGL) 2
Slide 4: Jervois Copper Project Progress
Jervois Copper Project Progress For personal use only Pre-Feasibility Study result delivered a robust mining project. Initial production 30,000tpa contained copper in cons plus silver and gold. Full Feasibility Study now under way. Drilling has recommenced February – second rig in May 2021.
Slide 5: Exploration Potential of Jervois Mineral Field
Exploration Potential of Jervois Mineral Field For personal use only Unca Creek Tenure • Jervois Exploration Licence Jervois • 37.9 km2 Reward • Unca Creek Exploration Licence • 72.7 km2 Deposit Geology Bellbird • 3 JORC Resources hosted by mega-scale J-Fold • Jervois Fault – deep crustal Rockface a
Slide 6: Exploration Potential of Jervois Mineral Field: Geophysics
Exploration Potential of Jervois Mineral Field For personal use only Geophysics • 60 years of Geophysics • Comprehensive review completed, January 2021 • Induced Polarisation (IP) Reward recognised as the most reliable indicator of mineralisation • Down-hole EM (DHEM) used with great success at Rock
Slide 7: Bellbird South Target
Exploration Potential of Jervois Mineral Field For personal use only Bellbird South Target • IP, Gravity, Resistivity used to design drilling • DHEM survey follow-up planned for July-August 2021 • Further drilling will depend on DHEM results. KGL Resources Resources: Company Overview February 31 202
Slide 8: Reward North (Unca Creek)
Exploration Potential of Jervois Mineral Field For personal use only Reward North (Unca Creek) • Reward IP anomaly plunges deeper to north into Unca Creek EL • Similar anomaly strength to Reward, only deeper • All previous drilling…. Too shallow • In-fill IP for Reward North and J-Fold planned for A
Slide 9: Pre-Feasibility to Feasibility – Mine Optimisation
Pre-Feasibility to Feasibility – Mine Optimisation For personal use only Engaged consultant and contractor for ECI process Raised the cut-off grade More drilling to upgrade relative to copper prices inferred material to indicated Modelled various scenarios for Reward, Rockface, Bell Bird Priced CAPE
Slide 10: Current Plan Mining Areas
Current Plan Mining Areas Bellbird Open Pit & Underground For personal use only Reward Open Pit & Underground Rockface Boxcut & Underground KGL Resources Resources: Company Overview February 31 2021(ASX:KGL) May 2021 (ASX:KGL) 9
Slide 11: Pre-Feasibility to Feasibility – Process Plant Optimisation
Pre-Feasibility to Feasibility – Process Plant Optimisation For personal use only 10 KGL Resources Resources: Company Overview February 31 2021(ASX:KGL) May 2021 (ASX:KGL) 10
Slide 12: Process Plant Design
Process Plant Design For personal use only KGL Resources Resources: Company Overview February 31 2021(ASX:KGL) May 2021 (ASX:KGL) 11
Slide 13: Jervois Location
Jervois Location For personal use only KGL Resources Resources: Company Overview February 31 2021(ASX:KGL) May 2021 (ASX:KGL) 12
Slide 14: Copper Entering “Supercycle”
Copper Entering “Supercycle” For personal use only LME Copper 2020/21 All time record price May 2021. Copper price targets US$12,000-20,000/t – (Goldman Sachs, Trafigura, Bank of America). Growing supply demand deficit. Price positive factors – International govt stimulus programs – historic
Slide 15: Copper Supply Gap
Copper Supply Gap For personal use only KGL Resources Resources: Company Overview February 31 2021(ASX:KGL) May 2021 (ASX:KGL) 14
Slide 16: Favourable Copper Market Factors
Favourable Copper Market Factors For personal use only Robust, high grade Jervois operation will come into production at a time of expected strong demand and high prices. Growing demand Constrained supply Global post COVID-19 economic stimulus Growing production deficit forecast from 2021. focus
Slide 17: Jervois vs Global Average Grade of Copper Remaining Reserves
Jervois vs Global Average Grade of Copper Remaining Reserves For personal use only 3 2.5 % Copper Grade 2 Jervois Reserve 1.5 Grade - 2.41% Cu 1 0.5 0 1980 1985 1990 1995 2000 2005 2010 2015 2020 Jervois KGL Resources Resources: Company Overview February 31 2021(ASX:KGL) May 2021 (ASX:KGL) 16
Slide 18: Summary and Outlook
For personal use only Summary and Outlook Significant copper project poised for Key milestones for 2021 development. Advanced project planning and approvals. Feasibility Study Supportive long-term shareholder base. Financing, FID Strong copper market fundamentals. Start Construction
Slide 19: Disclaimer and Competent Person Statement
Disclaimer and Competent Person Statement The information contained in this presentation is for informational purposes only JORC 2012 and was compiled by Mr Iain Ross, who is a Member of The For personal use only and does not constitute an offer to issue, or arrange to issue, securities or other A
Slide 20: More Information
More Information For personal use only For more information about the Jervois Project, please visit our website: www.kglresources.com.au KGL Resources: Company Overview 31 May 2021 (ASX:KGL) 19
Slide 21: Contact details
For personal use only For more information, please contact us: KGL Resources Limited Level 7, 167 Eagle Street, Brisbane QLD 4000, Australia T: +61 7 3071 9003 E: info@kglresources.com.au W: www.kglresources.com.au KGL Resources: Company Overview February 2021 (ASX:KGL)
Slide 22: Chairman’s Address to the Annual General Meeting
Chairman’s Address to the Annual General Meeting of KGL Resources Limited, 31 May, 2021 SLIDE 1 - Opening Welcome to this Annual General Meeting of KGL Resources. Your directors are pleased to For personal use only be engaging with shareholders once more on a person-to-person basis after last year’s
Slide 23: Exploration Potential of Jervois Mineral Field (address text)
SLIDES 4 – Exploration Potential of Jervois Mineral Field We have 2 rigs currently engaged in drilling designed to increase the precision of the 3 existing JORC Mineral resources necessary for the feasibility study. KGL is intent on For personal use only making new discoveries at Jervois and the rig
Slide 24: Bellbird South and Reward North (address text)
SLIDE 6 The Bellbird South target bears several characteristics in common with the nearby Rockface deposit. Both exist strongly curved sections of the J-Fold, near to the fold hinge. Therefore, both are likely to be somewhat pipe-like in geometry. For personal use only Both also have quite similar g
Slide 25: Capital raising and PFS to FS mine optimisation (address text)
Earlier this year, the Company raised $21.57 million (before costs), and more recently another $3.64 million, in new capital by way of institutional placements and an entitlement offer to shareholders. Directors greatly appreciate the strong investor and shareholder support. The successful capital r
Slide 26: Offtake interest and Copper entering Supercycle (address text)
The strong global demand for copper is having a powerful, positive effect on the marketing of the Jervois product with significant interest in offtake agreements. The demand for copper is also creating keen interest among potential providers of project finance for the Jervois development. The curren
Slide 27: Average Grade of Copper Remaining Reserves (address text)
bigger government share of mining company profits, and his party’s policy platform includes nationalisation of the mining industry. The final Presidential vote will be on 6 June. SLIDE 16 – Average Grade of Copper Remaining Reserves The standstill in copper supply also reflects long term trends of d