KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — Sydney Mining Investment Forum (August 2020)
29 slides from KEFI Gold and Copper's conference presentation, Aug 21, 2020
Slide 1: Shareholder Update 21 August 2020
KEFI GOLD + COPPER Shareholder Update 21 August 2020 Presented at Sydney Mining Investment Forum • Maiden Resource reported for Hawiah in Saudi Arabia 19.3 Mt at 1.9% in-situ copper equivalent US$2.4 Bill in-situ metal (US$1.9 Bill recoverable) at today’s spot prices • Established large resource inv
Slide 2: Disclaimer
KEFI GOLD + COPPER 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, empl
Slide 3: Corporate Overview
KEFI GOLD + COPPER Corporate Overview Summary Summary (1) • KEFI was until recently grass roots explorer and is now an explorer, AIM code KEFI developer and hands-on operator of mining joint ventures with Share price - 12 mth 0.6p (low)/2.2p (high) influential and strong local partners in the Arabia
Slide 4: Financing Structure
KEFI Financing Structure KEFI GOLD + COPPER Encouraging Local Partnership Senior Banks Appointed Next Step…Subordinated Debt/Offtake KEFI Minerals plc 100% G&M Private Equity KEFI Ethiopia Saudi Arabia & Sub-debt** 66% 45% → c.. 60%* Artar Tula Kapi Gold 55% → c. 40%* Saudi Arabia Mines (TKGM) Lycop
Slide 5: 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 6: 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 7: Minerals Sectors Growing in the Arabian-Nubian Shield
Minerals Sectors Growing in the KEFI GOLD + COPPER Arabian- Nubian Shield - and now especially in Ethiopia and Saudi Arabia • Notable start-ups of the past decade in the Arabian Nubian Shield: o Egypt: Sukari 13Moz gold (US$23B in-situ) Mineral Resources and 500K oz pa (16 t pa) production (Centamin
Slide 8: Ethiopian Projects
KEFI GOLD + COPPER Ethiopian Projects View a video summarising KEFI’s projects in Ethiopia here 8
Slide 9: Pace of change in Ethiopia
The pace of change in Ethiopia has been so fast since Dr KEFI GOLD + COPPER Abiy Ahmed became Prime Minister it is almost like observing a different country – BBC BBC: The reforms he has introduced were unthinkable not so long ago. The (previous) government seemed impervious to criticism from human
Slide 10: Ethiopia is serious about unlocking its mining potential
Ethiopia is serious about unlocking its mining potential. KEFI GOLD + COPPER KEFI is serious about contributing to the Ethiopian mining sector. • The Ethiopian Growth and Development Plan II (GTP II): is the national plan which sets out ambitious development targets for the country and the mining se
Slide 11: Ethiopia's Tulu Kapi Gold Project
KEFI GOLD + COPPER Ethiopia’s Tulu Kapi Gold Project Tulu Kapi is the only ‘ready to start’ industrial-scale mining project. The first development for decades. Located in largest gold district. Gold mining since Queen of Sheba. In a quiet coffee-growing district, away from any security hot-spots. Tu
Slide 12: Tulu Kapi's Underground Potential
KEFI GOLD + COPPER Tulu Kapi’s Underground Potential View looking east 12
Slide 13: Tulu Kapi Mineral Resources and Ore Reserves
KEFI Tulu Kapi Mineral Resources and Ore Reserves GOLD + COPPER 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 2.56 1.50 Indicated Below 1.1 5.63 0.20 Inferred 1,400 metres 0.1 6
Slide 14: Tulu Kapi Open Pit Projected Gold Output Profile
KEFI GOLD + COPPER Tulu Kapi Open Pit Projected Gold Output Profile During construction, this targeted gold output is expected to increase as a result of exploration and feasibility studies for the underground deposit and satellite prospects Gold Recovered Koz 180 160 140 120 100 80 60 40 20 0 1 2 3
Slide 15: Tulu Kapi Open Pit Tonnes Mined and Mined Grade
KEFI GOLD + COPPER Tulu Kapi Open Pit Tonnes Mined and Mined Grade This will potentially be augmented by additional high-grade (5-6g/t) ore tonnage from the underground deposit and whatever is yielded from satellite prospects Tonnes Mined & Mined Grade g/t 22.0 3.0 20.0 2.8 Material Mined Mt) 18.0 2
Slide 16: Tulu Kapi Open Pit Tonnage Processed and Head Grade
Tulu Kapi Open Pit Tonnage Processed and Head Grade KEFI The process plant has warranted capacity 2.1Mtpa “soft ore” and 1.9Mtpa “hard ore”. We target to tune the plant for higher throughput to reduce build-up of ore stockpile to 2Mt or GOLD + COPPER to process high-grade (5-6g/t) ore from undergrou
Slide 17: Tulu Kapi Open Pit Operating Costs
KEFI GOLD + COPPER Tulu Kapi Open Pit Operating Costs US$m Operating Costs 120 100 80 60 40 20 0 1 2 3 4 5 6 7 8 9 10 11 Production Year Offsite Costs Mining Costs Processing Costs G&A 17
Slide 18: Tulu Kapi Projected Operating Cash Flow (EBITDA)
KEFI GOLD + COPPER Tulu Kapi Projected Operating Cash Flow (EBITDA) This projection focuses on cash available for Debt Service , Reinvestment and Shareholders (after operating costs, royalties and sustaining capex) US$m Operating Cashflow 140 120 100 80 60 40 20 0 1 2 3 4 5 6 7 8 9 10 Production Yea
Slide 19: Independent Validation
KEFI GOLD + COPPER Independent Validation 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 140,000 oz pa Reserves • AISC US$800-900/oz • EBITDA ~
Slide 20: Community consultation before development starts at Tulu Kapi
KEFI GOLD + COPPER Community consultation before development starts at Tulu Kapi Email: info@kefi-minerals.com @kefiminerals KEFI Minerals plc Website: www.kefi-minerals.com 20
Slide 21: Saudi Arabian Projects
KEFI GOLD + COPPER Saudi Arabian Projects View a video summarising KEFI’s projects in Saudi Arabia here 21
Slide 22: Why Saudi Arabia Now?
KEFI GOLD + COPPER Why Saudi Arabia Now? ArabNews 10 June 2020: New mining proclamation. The Saudi Cabinet on Tuesday approved a new mining investment law that aims to revolutionize the Kingdom’s mining and metals industry, and boost local and foreign investments in the sector. The new law will faci
Slide 23: Further drilling likely to increase initial Resource
KEFI Further drilling likely to increase initial Resource GOLD + COPPER Hawiah Maiden Mineral Resource Mineral Material Tonnes Grade Metal Content Resource Type (Mt) Cu Zn Au Ag Cu Zn Au Ag Category (%) (%) (g/t) (g/t) (kt) (kt) (koz) (koz) Oxide, 0.1 0.1 0.03 1.7 3.9 0.1 0.04 7 16 Open Pit Transiti
Slide 24: Hawiah Long Section Looking East
KEFI GOLD + COPPER Hawiah Long Section Looking East Long section showing extent of VMS mineralisation as currently identified and defined Strong Cu grades at depth in Crossroads and Camp Lodes 24
Slide 25: Hawiah Cross Sections Looking North
KEFI GOLD + COPPER Hawiah Cross Sections Looking North Showing Good Correlation between Holes Crossroads Lode Camp Lode 25
Slide 26: A leading explorer in Saudi Arabia
KEFI GOLD + COPPER KEFI in Saudi Arabia A leading explorer ARTAR Partnership – Gold and Minerals Ltd (G&M) Joint Venture • KEFI has been active in Saudi Arabia since 2008 and is partnered with ARTAR, a leading locally owned industrial group • Saudi Arabia is instituting policies to encourage mineral
Slide 27: Jibal Qutman Mineral Resources
KEFI GOLD + COPPER Jibal Qutman Mineral Resources Category Tonnes Gold Contained Gold (millions) (g/t) ('000 ounces) Indicated 8.3 0.86 229 Oxide Inferred 2.8 0.64 58 Sub-Total 11.1 0.80 287 Indicated 9.7 0.86 269 Sulfide Inferred 7.6 0.72 176 Sub-Total 17.3 0.80 446 Indicated 18.0 0.86 498 Oxide +
Slide 28: Hawiah Drill Core Logging and SGS Core Shed
KEFI Hawiah Drill Core Logging and SGS Core Shed GOLD + COPPER 28
Slide 29: Hawiah ridgeline with drill rig in background
KEFI Hawiah ridgeline with drill rig in background GOLD + COPPER Email: info@kefi-minerals.com @kefiminerals KEFI Minerals plc Website: www.kefi-minerals.com 29
KEFI Gold and Copper — Sydney Mining Investment Forum (August 2020) on 6ix