KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — KEFI Minerals — Investor Presentation (February 2017)
19 slides from KEFI Gold and Copper's investor presentation, February 2017
Slide 1: KEFI Minerals
KEFI MINERALS Developing a 100,000+ oz pa gold operation within the Arabian-Nubian Shield February 2017
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 company AIM code KEFI focussed on gold and copper assets, within the highly prospective Share price - 12 mth 0.23p (low)/0.67p (high) Arabian-Nubian Shield Share price (30/1/2017) 0.38p Progressing development of
Slide 4: Milestones for 2017
Milestones for 2017 DFS optimisation reported $100m NPV8 and 47% IRR (@$1200 gold price) for the open pit 115k oz annual production (8 year LOM) AISC < US$800/oz (includes operating, sustaining capital, royalties. Excludes debt service) Development ready project - Full mining licence until
Slide 5: Update on Ethiopian State of Emergency
Update on Ethiopian State of Emergency Recent Actions by Government: October 2016: Social unrest triggered declaration of 6-month State of Emergency November 2016: Government triggered program to effect change, starting with new Federal and Regional Cabinets KEFI’s perspective and prognosis:
Slide 6: 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 7: Tulu Kapi: A financially robust project
Tulu Kapi A financially robust project The operation is strong financially Production and AISC AISC Production 134 128 At the 6 year gold price low of $1,050/oz unit cost 124 120 1,500 105 105 111 is $976/oz, including operating, taxes, financing 93 and all capex 1,000 $/oz Koz Underpinned by: 3
Slide 8: Tulu Kapi: A low cost project
Tulu Kapi A low cost project Initial capex / LOM production ($/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 9: 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 10: 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 11: 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 12: 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 13: Appendices
KEFI MINERALS APPENDICES
Slide 14: Tulu Kapi Underground: Potential to extend life and increase grade
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 15: 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 15
Slide 16: Saudi Arabia (KEFI 40%): Executing to realise exploration upside
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 Jibal Qutman – submit Mining 2012 Dec 2015 Licence Application and Rapidly delineated initial JORC Potential for large Cu-Au-Zn
Slide 17: Optimised mine plan: Rapid delivery of cash flow
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 18: 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 19: 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
KEFI Minerals — Investor Presentation (February 2017) on 6ix