Kefi Gold And Copper Plc · LSE:KEFI
Kefi Gold And Copper — Corporate Update (May 2024)
11 slides from Kefi Gold And Copper's corporate update, May 22, 2024
Slide 1: An Early-Mover in the Arabian-Nubian Shield
AN EARLY-MOVER IN THE ARABIAN- NUBIAN SHIELD QUARTERLY WEBINAR 22 MAY 2024 kefi-goldandcopper.com
Slide 2: Disclaimer
Disclaimer ARABIAN -NUBIAN SHIE 2 kefi-goldandcopper.com Focused On Arabian- Nubian Shield
Slide 3: Entered Arabian-Nubian Shield 2008 Focused on Ethiopia and Saudi Arabia
Entered Arabian-Nubian Gold/Copper Deposit N KEFI MINERALS ETHIOPIA KEFI (G&M JV) EL Shield 2008 Focused on KEFI (G&M JV) ELA Arabian Nubian Shield Ethiopia and Saudi Arabia Jibal Qutman ETHIOPIA Hawiah (VHMS) ▪ 2017 JV with Government ▪ Open pit plus underground combined target 200K oz pa ▪ 1.7M oz
Slide 4: Growing Interest in the Arabian-Nubian Shield
Growing Interest in the Arabian-Nubian Shield Ivanhoe Electric and Eurasian Resources Group entered Saudi Arabia in 2023; promoting major exploration programs ARABIAN -NUBIAN SHIE Allied Gold raised $267M in IPO, of which $185M was for Ethiopia 4 kefi-goldandcopper.com Focused On Arabian- Nubian Shi
Slide 5: Comparative Valuations
Comparative Valuations KEFI Undervalued vs. Peers, despite High Quality Projects US$ African gold companies Enterprise Value per oz of African gold companies Enterprise Value per oz of production 5,000 Measured and Indicated Resource 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 - CMCL TIE.AX
Slide 6: Corporate Snapshot
Corporate Snapshot KEFI GOLD + COPPER CAPITAL STRUCTURE (AIM:KEFI) S N AP S H O T 52 Week High- Low 1.2p – 0.5p ▪ 5Moz gold eq (2 Moz net to KEFI: 1.2Moz in Ethiopia + 0.8 Moz in Saudi Arabia) Current Share Price 0.72p ▪ Ethiopian project has launched Early Works to demonstrate safety and close fina
Slide 7: Ethiopia - 2024 Expected Milestones Ahead
Ethiopia - 2024 Expected Milestones Ahead Tulu Kapi Early Works Program - June to September 2024 (First Part of Development Program for Production mid-2026) • Completion of preparation for community resettlement • Detailed engineering for procurement • Community consultations on social development p
Slide 8: Ethiopia - Tulu Kapi Closing of Project Finance
Ethiopia - 2024 Expected Milestones Ahead Tulu Kapi Closing of Project Finance Finance Plan Debt Risk Capital: US$190M secured debt from the development banks • US$140M Senior Secured • US$50M Subordinated Secured Equity Risk Capital ARABIAN -NUBIAN SHIE • US$110M Equity Risk Note sourced by KEFI fr
Slide 9: Ethiopia - Tulu Kapi Major Works Program
Ethiopia - 2024 Expected Milestones Ahead Tulu Kapi Major Works Program - October 2024 Onwards (Major Part of Developmen Program for Production mid-2026) • Procurement and fabrication of plant internationally • Resettlement of community • Site earthworks • Grade-control drilling ARABIAN -NUBIAN SHIE
Slide 10: Saudi Arabia - 2024 Expected Milestones Ahead
Saudi Arabia - 2024 Expected Milestones Ahead Jibal Qutman and Hawiah: Expanding & Upgrading Resources, Optimising Development Plans & Ramping-Up Regional Exploration Jibal Qutman Gold & Hawiah Copper-Gold: • Report drilling results at recent discoveries and other targets • Report updated Mineral Re
Slide 11: Thank You
THANK YOU E: info@kefi-goldandcopper.com Kefiminerals KEFI Gold and Copper kefi-goldandcopper.com