Kefi Gold And Copper Plc · LSE:KEFI
Kefi Gold And Copper — PDAC 2021
22 slides from Kefi Gold And Copper's conference presentation, Mar 10, 2021
Slide 1: Corporate Update: PDAC - Focus on Ethiopia
KEFI GOLD + COPPER KEFI Gold and Copper plc Corporate Update PDAC - Focus on Ethiopia Modern Mining’s First Cab off the Rank 10 March 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: KEFI operates mining joint ventures with influential local partners
KEFI operates mining joint ventures with KEFI influential and strong local partners in the GOLD + COPPER Arabian Nubian Shield • KEFI was until recently grassroots explorer and is now an explorer, developer and hands-on operator of mining joint ventures with influential KEFI • In GOLD and strong loc
Slide 4: Status of Tulu Kapi Gold
Status of Tulu Kapi Gold KEFI GOLD + COPPER First Cab off the Rank in Ethiopia • Fully planned and permitted. Finance syndicate formed. Project contractors selected. • Positive independent experts' reports formalised for senior lenders • Community resettlement starter homes ordered, and resettlement
Slide 5: Ownership and Funding Structure
KEFI GOLD + COPPER Ownership and Funding Structure Final Equity Allocations for Tulu Kapi Gold Project will depend on level of local participation in Ethiopia 5
Slide 6: Social Licence and Community Benefits
Social Licence KEFI GOLD + COPPER Integration intoand Social, Economic Community Other Benefits GOVERNMENT GROWTH • Company Tax • Foreign Direct Investment > $300M • Tenement Rental • Largest Ethiopian Exporter of $-product • Royalties • Multiplier 7-10 on operational spending c. $100Mpa • PAYE Taxe
Slide 7: Tulu Kapi Site Visit December 2020 to Prepare Project Implementation
Tulu Kapi Site Visit December KEFI GOLD + COPPER 2020 to Prepare Project Implementation Left Foreground: Minister for Mines and Petroleum, West Wolega Zone Administrator, and TKGM Stakeholder Engagement Project Manager Right: Minister for Mines and Petroleum, Oromia Head of Mining, Guji Woreda Admin
Slide 8: Industry & Government Efforts to Improve the Sector
Industry & Government Efforts KEFI GOLD + COPPER to Improve the Sector • Today < 1% of Ethiopia’s GDP is from the mining sector. Targeting 10% within 10 years • TKGM would, if operating today, be the largest single export generator in Ethiopia • If the top 4 gold projects are producing in 5 years, t
Slide 9: Ethiopia
KEFI GOLD + COPPER Ethiopia • Ethiopia has a population of around 110 million • Ethiopia is a Constitutional Federation with 10 Regional National States and two special towns • Ethiopia comprises more than 81 Nations/Ethnicities • The photos here show the joyful responses to the transformations init
Slide 10: Independent Validation of Tulu Kapi
Independent Validation of KEFI Ethiopia’s 1st mover Project - GOLD + COPPER Tulu Kapi Security Due Diligence Financial Model Environmental & Social Bankable Open Pit (JORC 2012) Definitive Feasibility Study • Ore Reserve 1.1Moz (15Mt at 2.1g/t) • 91-94% recovery Resources & • DFS Annual production 1
Slide 11: Tulu Kapi Gold Project in Oromia Region
Tulu Kapi Gold Project KEFI GOLD + COPPER in Oromia Region • First modern mine in Ethiopia; construction ready since 2016. It has taken the period since for the local political and regulatory situation to settle down enough for international project financiers • This is a Public-Private-Partnership
Slide 12: Tulu Kapi Process Plant
Tulu Kapi Process Plant KEFI GOLD + COPPER 3-D Image of Final Design Target commissioning Q4-2022 and full production 2023 1212
Slide 13: 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 • Target to lift t
Slide 14: Tulu Kapi Open at Depth
KEFI GOLD + COPPER Tulu Kapi Open at Depth • Resource grades are 2.46g/t Au for TKBH_293: open pit and 5.69g/t Au90m @ 2.8g/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 • Ta
Slide 15: Tulu Kapi District Exploration Potential
Tulu Kapi District KEFI GOLD + COPPER 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 16: Corporate Stock Market Overview
Corporate Stock Market KEFI GOLD + COPPER Overview Summary Summary AIM code KEFI • KEFI was until recently grassroots explorer and is now an explorer, developer and hands-on operator of mining joint ventures with influential Share price - 12 mth 0.51p (low)/2.99p (high) and strong local partners in
Slide 17: Pursues Significant Value Generation
KEFI GOLD + COPPER KEFI Pursues Significant Value Generation US$ EV per oz of planned or actual production • KEFI is trading at ~US$412/oz planned 6,000 production versus >US$3,000/oz for producers 5,000 4,000 Producers average ~US$2,800 • KEFI is trading at just US$42/oz on measured 3,000 Explorers
Slide 18: Industry Cost Curve and TKGM's Position
KEFI GOLD + COPPER Industry Cost Curve and TKGM’s Position TKGM sits around 2nd quartile Source: World Gold Council Website - GoldHub ▪ All in sustaining costs (“AISC”)* versus cumulative production for the gold industry is set out in the chart above from the World Gold Council. The global median in
Slide 19: Thank You
KEFI GOLD + COPPER Thank You 19 19
Slide 20: 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 21: KEFI's Senior Management
KEFI’s Senior Management KEFI Executive Chairman and Finance Director GOLD + COPPER 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 i
Slide 22: 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 17.7 2.49 1.42 Above Inferred 1.3 2.05 0.08 1,400 metres RL Sub-Total 19.0 2.46 1.50 Indicated 1.1 5.63 0.20 Below Inferred 0.1 6.25 0.02 1,40