KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — Corporate Update (November 2021)
30 slides from KEFI Gold and Copper's corporate update, Nov 16, 2021
Slide 1: Corporate Update
Corporate Update KEFI GOLD + COPPER 16 November 2021 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: Business Highlights
KEFI GOLD + COPPER Business Highlights Tuku Kapi (Gold), Ethiopia: • KEFI beneficial interest expected to be c. 70%, up from 45% expected in 2020, significantly value accretive; Hawiah (Copper-Gold), Saudi Arabia: KEFI • At AGM in 2020, KEFI had yet to report Maiden Resources at Hawiah. Did so in la
Slide 4: Tulu Kapi Gold Project – Recent Developments – Financing & Launch
Tulu Kapi Gold Project – Ethiopia KEFI GOLD + COPPER Recent Developments – Financing & Launch • August 2021: • Funding sources expanded, to cater for anticipated capex inflation over the past 18 months since estimates provided for two consecutive reviews by independent experts for senior lenders; •
Slide 5: Hawiah Copper-Gold Project – Recent Developments – MRE and PFS
Hawiah Copper-Gold Project – Saudi Arabia KEFI GOLD + COPPER Recent Developments – MRE and PFS • Phase 4 drilling campaign is completed with 16,306m drilled and final assay results have been received; • The 2020 Mineral Resource Estimate (“MRE”) had identified a resource of 19.3 million tonnes at 1.
Slide 6: Corporate Overview
KEFI GOLD + COPPER Corporate Overview Summary Summary • KEFI was until recently grassroots explorer and is now hands-on operator of exploration AIM code KEFI and development joint ventures with strong local partners in the Arabian-Nubian Shield Share price - 12 mth 0.9p (low)/2.50p (high) • Market c
Slide 7: Pursues Significant Value Generation
KEFI GOLD + COPPER KEFI Pursues Significant Value Generation EV per oz of planned or actual annual production • KEFI is trading at ~US$225/oz planned annual US$ 4,500 production versus >US$2,389/oz for producers 4,000 Producers average, US$2,389 3,500 3,000 • KEFI is trading at just US$23/oz on meas
Slide 8: Organisation and Funding Structure
Organisation and Funding Structure KEFI GOLD + COPPER Final Requirements and Allocations being finalised within Consortium Existing and Future Ethiopian Subsidiaries Shareholder of International Groups to Fund Expansion $45M KEFI Gold and Copper plc 31.5% 100% 100% G&M KEFI Ethiopia Saudi Arabia ~70
Slide 9: Proposed Financings at Tulu Kapi and Discovery of Hawiah Indicate Significant Value
Proposed Financings at Tulu Kapi KEFI GOLD + COPPER and Discovery of Hawiah Indicate Significant Value for KEFI Assumed Long-Term Metal Price $1,500/oz Au, $1,591/oz Au, $1850/oz Au, Exchange rate US$1.37:GB£1.00 $3/lb Cu, $3.25/lb Cu, $4.50/lb Cu, $1/lb Zn, $1.09/lb Zn, $1.50/lb Zn, $15/oz Ag $21/o
Slide 10: Some of the Companies Now Active in Arabian Nubian Shield
Some of the Companies Now Active in KEFI GOLD + COPPER Arabian Nubian Shield International Progress Association for Mining in Ethiopia Chairman is KEFI and contact is Harry Anagnostaras-Adams
Slide 11: 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 12: KEFI's Senior Management
KEFI’s Senior Management KEFI GOLD + COPPER Executive Chairman and Finance Director Plus…. David Munro - Operations Eddy Solbrandt – People & Systems Brian Hosking – Planning & Exploration Norman Green – Development David began his career as a mining engineer in Eddy began his career in the mining B
Slide 13: Ethiopian Projects
KEFI GOLD + COPPER Ethiopian Projects 13
Slide 14: Tulu Kapi Mineral Resources and Ore Reserves
KEFI GOLD + COPPER Tulu Kapi Mineral Resources and Ore Reserves Resource Tonnes Gold Contained Gold Area Category (millions) (g/t) (million ounces) Indicated Above 17.7 2.49 1.42 Inferred 1,400 metres 1.3 2.05 0.08 Sub-Total RL 19.0 2.46 1.50 Indicated Below 1.1 5.63 0.20 Inferred 1,400 metres 0.1 6
Slide 15: Tulu Kapi Process Plant
Tulu Kapi KEFI GOLD + COPPER Process Plant 3-D Image Construction Schedule, adjusted for Ethiopian security situation: End-21: Final contracts for plant & mine Q1-22: Resettlement and Procurement Q2-22: Bulk Earth Works Commence Q4-22: Process Plant Construction Start Q1-24: Pre-commission Activitie
Slide 16: Tulu Kapi Open Pit and Deeps
Tulu Kapi Open Pit KEFI GOLD + COPPER Tulu Kapi Deeps 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 Mineralisation below the
Slide 17: 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 down- plunge; interpreted to be east of main UG shoot Underground resource potential estimated 1M oz
Slide 18: Tulu Kapi Gold Project in Oromia Region
KEFI GOLD + COPPER Tulu Kapi Gold Project in Oromia Region First modern mine in Ethiopia; construction ready Governments of Ethiopia and Region of Oromia own c.20% including 5% free carry interest Located in largest gold district, which has been mining gold since antiquity Main industry in the area
Slide 19: Tulu Kapi District Exploration Potential
KEFI GOLD + COPPER Tulu Kapi District Exploration Potential • 1,120 km2 highly prospective exploration area reserved for KEFI Ethiopia (100% KEFI) • 24km of mineralised strike identified along two trends parallel to the Tulu Kapi Trend • Within trucking distance of Tulu Kapi plant • High-grade gold
Slide 20: Saudi Arabian Projects
KEFI GOLD + COPPER Saudi Arabian Projects 20
Slide 21: Hawiah – Project moving to PFS stage
KEFI Hawiah – Project moving to PFS stage GOLD + COPPER • Hawiah is held through the KEFI-ARTAR JV (G&M): KEFI is the operator and owns circa. 31.5%; • Located in the Wadi Bidah Mineral District, a 120 km VMS belt hosting >20 known deposits; • Drilling has targeted a 5Km long gossanous ridgeline now
Slide 22: Key Hawiah 2020 PEA Outcomes
KEFI GOLD + COPPER Key Hawiah 2020 PEA Outcomes Summary of PEA Economics (Base case, August 2020 metal prices) • High priority VMS project to be advanced to PFS via Ore Processing Rate 2.0Mtpa further drilling, met testwork and studies Life of Mine 7 years Average Operating Costs - Annual $79M p.a.
Slide 23: Continued Expansion of the Hawiah Deposit
KEFI Continued Expansion of the Hawiah Deposit GOLD + COPPER Hawiah is a World Class VMS Project • Maiden resource estimated in Aug 2020 of 19.3Mt @ 0.9% Cu, 0.8% Zn, 0.6g/t Au and 10.3g/t Ag (Cu-equivalent grade of ~1.9% at Aug 2020 prices); • PEA released Sept 2020 demonstrated a post-tax NPV8 of
Slide 24: Infill Drilling has Increased Confidence in Near-Surface Resources
KEFI Infill Drilling has Increased GOLD + COPPER Confidence in Near-Surface Resources Extensive areas (yellow) targeted for resource classification upgrade to Indicated Resources via infill drilling completed in 2021 • Hawiah mineralisation extends over >5,000m strike and 590m vertical depth • Miner
Slide 25: Hawiah Camp Lode Extended 670m Down-Plunge since 2020 MRE
KEFI Hawiah Camp Lode Extended 670m GOLD + COPPER Down-Plunge since 2020 MRE Long section of the Camp Lode showing massive sulphide intersections since 2020 MRE that extended known mineralisation 670m down plunge • Good copper grades throughout the Camp Lode which appear to be increasing down plunge
Slide 26: Extensive Hawiah Drilling to Date
KEFI GOLD + COPPER Extensive Hawiah Drilling to Date Shown in Long Sections and Plan 6km For further information, refer to the KEFI announcement dated 10 November 2021. 26
Slide 27: Hawiah Cross Sections Looking North
KEFI Hawiah Cross Sections Looking North Good Correlation between Holes GOLD + COPPER Crossroads Lode Camp Lode 27
Slide 28: Jibal Qutman Mineral Resources
KEFI GOLD + COPPER Jibal Qutman Mineral Resources Mesothermal or orogenic quartz vein hosted gold deposit located in the Asir Terrane in the central southern region of the Arabia-Nubian Shield, ~110km east northeast of Bisha City Category Tonnes Gold Contained Gold (millions) (g/t) ('000 ounces) Ind
Slide 29: Hawiah Drilling activities
KEFI GOLD + COPPER Hawiah Drilling activities 29
Slide 30: Thank You
KEFI GOLD + COPPER Thank You Drilling at the Hawiah Camp Lode Email: info@kefi-minerals.com @kefiminerals KEFI Minerals plc Website: www.kefi-minerals.com 30
KEFI Gold and Copper — Corporate Update (November 2021) on 6ix