KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — KEFI Minerals — Investor Presentation (December 2016)
20 slides from KEFI Gold and Copper's investor presentation, December 2016
Slide 1: KEFI Minerals
KEFI MINERALS Developing a 100,000+ oz pa gold operation within the Arabian-Nubian Shield December 2016
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by KEFI Minerals plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers g
Slide 3: Corporate overview
Corporate overview Summary Summary1 KEFI Minerals is an exploration and development AIM code KEFI company focussed on gold and copper assets, within Share price - 12 mth 0.27p (low)/0.73p (high) the highly prospective Arabian-Nubian Shield Share price (12/10/2016) 0.27p Progressing development o
Slide 4: Ethiopian State of Emergency
Ethiopian State of Emergency - Domestic TULU KAPI - FEBRUARY 2015 MINERAL situation RESOURCEcalm - Overhauling Governance Systems Recent Actions by Government: Since 2005 National Elections Ethiopia has continued to have a year on year growth rate above 9% October 2016: Social unrest triggered d
Slide 5: Ethiopia - A country on the rise
Ethiopia - A country on the rise 15 years of 7-10% GDP growth, HQ for African Union, with a pro-development culture, provides UN peacekeepers Africa’s fastest growing economy for region (2015 - 10.2% Real GDP growth)1 Ranks ahead of Kenya, Mali, Mozambique and South Africa Ethiopia is Second most po
Slide 6: Capital structure (fully-diluted)
Capital structure (fully-diluted) Odey AM Ausdrill/Lyco Board Public 25% 14% 5% 56% Al Rashid KEFI Minerals plc Ethiopia Govt. 60% 40% 70-80% 20-30% KSA JV Ethiopia JV Jibal Qutman, Tulu Kapi and Hawiah and other others 6
Slide 7: Tulu Kapi Funding Plan
Tulu Kapi Funding Plan Reduced project capital requirements though optimisation and contracting. Added Financing charges and Other KEFI Activities: Latest estimate of total KEFI Group funding requirement $150-160M (about half that of previous owner) Assembling project funding syndicate includi
Slide 8: Compelling investment proposition
Compelling investment proposition Revitalised gold development story: Since assuming control of the Tulu Kapi project in Ethiopia (2014), the team has overhauled the geological database and its interpretation, optimised the mine plan, consequently improving economics Overhauled DFS and subsequen
Slide 9: Tulu Kapi Overview
Tulu Kapi Overview Location and infrastructure Resources and reserves Tulu Kapi is in the world Tonnes Grade Cont. Au (Mt) (g/t Au) (Koz) renowned Arabian-Nubian Shield within Ethiopia Probable Ore Reserves 15.4 2.12 1,050 ~360km west of the capital Indicated Resources 18.8 2.67 1,620 city of Ad
Slide 10: Tulu Kapi: A financially robust project
Tulu Kapi A financially robust project The operation is strong financially Production and AISC At the 6 year gold price low of $1,050/oz, and AISC Production $20m additional KEFI equity: 134 128 124 120 1,500 105 105 111 After Tax IRR is 14% 93 1,000 $/oz Koz Total unit cost is $976/oz, includ
Slide 11: Tulu Kapi: A low cost project
Tulu Kapi A low cost project Initial capex / LOM production ($/oz) Cost competitive in terms of 104 both capital intensity and All-In 108 110 Sustaining Costs, when 151 169 compared to African peers 196 217 0 50 100 150 200 250 $/oz African AISC / resource curve ex South Africa ($/oz) 1,800 1,600 PP
Slide 12: Ethiopia: Fostering mining investment
Ethiopia Fostering mining investment Strong investment community for mining 8th best jurisdiction in Africa for mining investment by the 2015 Fraser Institute survey, ahead of Zambia and South Africa Highly prospecive - limited modern exploration: Only existing commercial mine is Lege Dembi (~
Slide 13: Contacts
Contacts Harry Anagnostaras-Adams, Executive Chairman John Leach, Finance Director Cyprus - Group corporate team Ethiopia - Development and exploration teams Saudi Arabia - Exploration team Email: info@kefi-minerals.com Website: www.kefi-minerals.com Luther Pendragon Ltd (Financial PR) Harry Chathli
Slide 14: Appendices
KEFI MINERALS APPENDICES
Slide 15: Tulu Kapi Underground
Tulu Kapi Underground Potential to extend life and increase grade The underground provides strong upside Potential production profile (Koz Au)1 Thick, high-grade gold zones below open pit Underground Open cut 150 150 150 150 135 Underground mineable resource = 1.3Mt @ 5.2g/t 105 124 120 30 16 22
Slide 16: Ethiopia: Promising prospects near Tulu Kapi
Ethiopia Promising prospects near Tulu Kapi Guji: Visible gold in drill Core 0 1km 2km Komto: Primary gold mineralisation Source: KEFI Minerals 16
Slide 17: Saudi Arabia (KEFI 40%)
Saudi Arabia (KEFI 40%) Executing to realise exploration upside Jibal Qutman Hawiah Short term milestones 99km2 EL was granted in July 95km2 Hawiah EL granted in Sep to Dec 2016 2012 Dec 2015 Jibal Qutman – submit Mining Rapidly delineated initial JORC Potential for large Cu-Au-Zn Licence
Slide 18: Optimised mine plan
Optimised mine plan Rapid delivery of cash flow maximising value Mine design and scheduling at Stage 1 Tulu Kapi has been developed Stage 3 over three stages in order to maximise cash flows over the initial three years (Stage 1) This will facilitate rapid repayment of debt, allowing the company
Slide 19: Directors of KEFI Minerals plc
Directors of KEFI Minerals plc Harry Anagnostaras-Adams – Executive Chairman – MBA (Australian Graduate School of Business) Harry was founder or co-founder of Citicorp Capital Investors Australia, investment company Pilatus Capital, Australian Gold Council, EMED Mining, KEFI Minerals and Cyprus-base
Slide 20: Tulu Kapi Development team
Tulu Kapi Development team Wayne Nicoletto, Chief Operating Officer and Managing Director, KEFI Ethiopia – BSc Metallurgy, Grad Dip Mining (WASM) Wayne has 30 years' experience in the mining industry as a Metallurgist and a General Manager, specialising in start-up and operation of gold mines in Afr
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