KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — KEFI Minerals — Shareholder Meeting (June 2013)
27 slides from KEFI Gold and Copper's shareholder meeting presentation, Jun 26, 2013
Slide 1: AGM Presentation June 26th 2013
AGM Presentation June 26th 2013
Slide 2: Disclaimer
Disclaimer The information contained in this confidential document (“Presentation”) has been prepared by KEFI Minerals plc (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment. This Presentation has not been approved by an authorised per
Slide 3: Capital structure
Capital structure Quoted on AIM (KEFI) KEFI Minerals Share Performance Shares on Issue: 471,346,356 Options & warrants: 43,661,667 £ Volume, '000 (exercise price – 2- 7p) 0,06 40.000 Share price: 2.975p (21 Jun 13) 52 week high/low: 5p/2p 35.000 0,05 Market Capitalisation: £14.0m (21 Jun 13) 30.000
Slide 4: Highlights
Highlights Unique position • One of the few Western companies with exposure to gold deposits in the highly prospective, though under explored Arabian Nubian Shield; • G&M (joint venture company) has created a substantial database which allows for selective targetting for potentially major mineral de
Slide 5: Exploration overview
Exploration overview • KEFI Minerals is exploring for gold and copper in the Arabian Shield; • 40:60 joint venture with a major private Saudi construction company (ARTAR): the Gold & Minerals JV (G&M). KEFI is the technical partner and Operator of the JV; • G&M, through ARTAR has been awarded 4 Expl
Slide 6: Saudi Arabia resource potential
Saudi Arabia resource potential • Major mining epochs date back 1000-3000 years ago • Exploration by BRGM (French Geological Survey) and the US Geological Survey (the 1970s - 1990s) documented >5000 historic gold and base metal mines and workings • The Arabian Nubian Shield represents a very large a
Slide 7: Saudi Arabia: Low cost environment
Saudi Arabia: Low cost environment • Cheap energy, diesel cost is €0.08 per litre and cheap labour costs. Largest operationg costs to produce gold are energy, labour and consumables; • Infrastructure: Located 90 km from city of Bisha, twice daily Saudi Airway flights to Riyadh and Jeddah. Dual lane
Slide 8: Jibal Qutman Project: Highlights
Jibal Qutman Project: Highlights • July 2012: Licence granted, mapping and trenching commenced. • September- December 2012; Phase 1 diamond drilling; 50 holes (4,569m) on 50m x 25m/40m grids. • This work identified two new zones of mineralisation, the South and West Zones (in addition to the Main Zo
Slide 9: Jibal Qutman: Exploration progress
Jibal Qutman: Exploration progress Maps showing extent of drill coverage in the South and West Zones from January to June 2013. Note that mineralisation remains open along strike. SOUTH ZONE (100m grid cells) WEST ZONE
Slide 10: Jibal Qutman: Exploration progress, current situation June 2013
Jibal Qutman: Exploration progress CURRENT SITUATION: JUNE 2013 • South and West Zones identified during exploration in 2012, and along with the Main Zone a JORC Inferred Resource of 313,000oz Au calculated on surface and drilling data up to mid-May 2013. • RC drilling (15,000m programme) and trench
Slide 11: Jibal Qutman: JORC Resource
Jibal Qutman: JORC Resource Au grade Zones Tonnes Oz Au g/t West Zone 7,267,882 0.89 207,988 South Zone 1,966,454 0.81 51,216 Main Zone 1,070,000 1.55 53,328 Total 10,304,336 0.94 312,532 JORC Inferred Resource 0.2g/t Au cut-off, top cut 20g/t Au, estimate by classic cross- sectional polygonal metho
Slide 12: Jibal Qutman: Drill cross sections
Jibal Qutman: Drill cross sections Below, South Zone Main Zone (top LHS), showing flat West Zone mineralisation (LHS)
Slide 13: Jibal Qutman: Drill cross sections
Jibal Qutman: Drill cross sections West Zone mineralisation (Centre and LHS) and Main Zone (RHS)
Slide 14: Jibal Qutman: Orebody
Jibal Qutman: Orebody J. Qutman 3D orebody model N (May 2013) WEST ZONE
Slide 15: Jibal Qutman: Orebody
Jibal Qutman: Orebody N MAIN ZONE Jibal Qutman 3D orebody model WEST ZONE (May 2013)
Slide 16: Jibal Qutman metallurgy
Jibal Qutman metallurgy • Preliminary cyanide (CN) leach test work in January 2013 reported 50-90% gold recovery from 1 hour leach time, using (weak) 0.2% CN solution, which is very encouraging for an eventual high gold recovery of oxide ore in a heap leach and transitional to sulphide ore in a carb
Slide 17: Jibal Qutman: 3K Hill
Jibal Qutman: 3K Hill VIEWS OF THE 3K HILL PROSPECT SNR089 AIO 1 RC DRILLING AT SELIB N.
Slide 18: 3K Hill prospect
3K Hill prospect E Sketch map of Trench N 7 showing some of Au g/t the 40m interval averaging 4.40g/t Au. m W E SNR089 AIO 1 Sample No. Au g/t RC DRILLING AT SELIB N. m
Slide 19: Selib North: Highlights
Selib North: Highlights • June 2012: A new style of gold mineralisation discovered at the Camel Hill prospect. Gold is associated with pyrite-altered dykes and best trench results included 17m at 3.43g/t Au and 6m at 1.03g/t Au • September 2012: Phase 1 diamond drilling (DD); 8 drill holes (928m) ov
Slide 20: Selib North: Geology and mineralisation
Selib North: Geology and mineralisation • Ancient gold mines at Fawarah and Selib, both are located just outside the EL. • A total of 6 new gold discoveries have been made since the licence was granted in Q1 2012; these are the Camel Hill, Selib Ridge, Area 350, Red Hill and (ASTER) Area 9 and Easte
Slide 21: Hikyrin and Hikyrin South - highlights
Hikyrin and Hikyrin South - highlights • Located within the well-mineralised Central Arabian Gold Region, host to Ma’aden’s Ar Rjum deposit (3.4Moz) • Licence granted, soil sampling, mapping and trenching commenced in February 2012 • Testing of waste dumps from ancient workings returned up to 16.3g/
Slide 22: Licence application status in Saudi Arabia
Licence appliaction status in Saudi Arabia 19 EL’s in application. 2 ELAs close to end stage of permitting process Exploration Initial DMMR Modify ELA as Technical Report DMMR Imara Arrange Date of Imara Committe Emir Approval/ Province DMMR Riyadh Approval Licence Review Required Submitted Committe
Slide 23: G&M's VHMS ELAs
G&M’s VHMS ELAs • Ancient workings and mineral occurrences for base metals and gold have been found in over 20 places in Wadi Bidah Mineral District (WBMD) a 120km long north-trending belt • Individual gossans can be traced in surface for up to 4km and 2-30m wide • Previous sampling by BRGM on gossa
Slide 24: Building a Mining Team
KEFI MINERALS Building a Mining Team
Slide 25: G&M exploration team
G&M exploration team • Strong international experience in exploration;
Slide 26: Work programme
Work programme Q2 Q3 Q4 Q1 2013 2013 2013 2014 15,000m RC drilling Jibal Qutman Phase 2 drilling Hikyrin and Hikyrin South drill results Purchase drill rig to increase drill activity Jibal Qutman Phase 3 drilling programme 10,000m RC drilling Prefeasibility study Mining application to be lodged for
Slide 27: Directors
Directors Fabio Granitzio KEY OPERATIONS PERSONNEL IN SAUDI Exploration Manager Simon Cleghorn Manager Resources & Gokhan Kellecioglu Chief Mine Geologist District Geologist Saudi Arabia Patrick Gorman Project Advisor & Sergio di Giovanni Consultant Mining Engineer Metallurgist Project Development M