KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — Investor Presentation (October 2021)
28 slides from KEFI Gold and Copper's investor presentation, Oct 7, 2021
Slide 1: Presentation for Proactive Investors
KEFI GOLD + COPPER Presentation for Proactive Investors 7 October 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: Introduction
KEFI GOLD + COPPER Introduction • KEFI operates mining joint ventures with influential and strong local partners in the Arabian-Nubian Shield • Three near-development projects, each with significant exploration upside: o Ethiopia: Tulu Kapi Gold (c.70% KEFI); 1.7M oz Resource/1M oz Reserve (JORC); T
Slide 4: Companies in Arabian Nubian Shield
KEFI GOLD + COPPER Companies in Arabian Nubian Shield
Slide 5: Corporate Overview
KEFI GOLD + COPPER Corporate Overview Summary Summary • Market capitalisation is at a low level compared with listed analogs: AIM code KEFI o c. $16/oz Au-equivalent on current JORC resources, plus significant potential Share price - 12 mth 1p (low)/2.99p (high) o c. 8% of NPV8% at prevailing spot m
Slide 6: Geopolitical Background
KEFI GOLD + COPPER Geopolitical Background Ethiopia’s Tulu Kapi Gold Project: • Announcement 29 September 2021 that during preparations for the October 2021 project launch, security concerns triggered temporary pause to ensure that these matters have been satisfactorily addressed • We believe this w
Slide 7: Project Funding Structure
KEFI GOLD + COPPER Project Funding Structure Existing and Future Ethiopian Subsidiaries Shareholder of International Groups to Fund Expansion $20M * Mining Contractor KEFI Gold and Copper plc ~$22M * 100% 100% ARTAR KEFI Ethiopia Majority Shareholder 66% 34% ~70% ~ 6% Ethiopian Private. Shares in su
Slide 8: Community Benefits
KEFI GOLD + COPPER Community Benefits Ethiopia’s First Modern Mining Project Job Creation • Upward of 1000 direct employees • Many more employed indirectly Diversification of Local Economy Industry Growth • Growth of mine supply chain • Unlocking Ethiopia’s mining potential • Support to entrepreneur
Slide 9: Board of Directors
KEFI GOLD + COPPER 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 Council, EME
Slide 10: Senior Management
Senior Management KEFI GOLD + COPPER Executive Chairman and Finance Director Plus…. David Munro - Operations Eddy Solbrandt – People & Systems Brian Hosking – Planning & Norman Green – Development Exploration David began his career as a mining engineer Eddy began his career in the mining Norman is a
Slide 11: Business Highlights Over Past Months
KEFI GOLD + COPPER Business Highlights Over Past 12 Months Tuku Kapi (Gold), Ethiopia: • KEFI beneficial interest expected to be c. 70%, up from 45% expected in 2020, significantly value accretive Hawiah (Copper-Gold), Saudi Arabia: KEFI • At AGM in 2020, KEFI had yet to report Maiden Resources at H
Slide 12: Appendices: Ethiopian Projects
KEFI GOLD + COPPER Appendices Ethiopian Projects 12
Slide 13: 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 Above 17.7 2.49 1.42 Inferred 1,400 metres 1.3 2.05 0.08 Sub-Total RL 19.0 2.46 1.50 Indicated Below 1.1 5.63 0.20 Inferred 1,400 metres 0.1 6
Slide 14: Tulu Kapi Process Plant
Tulu Kapi KEFI GOLD + COPPER Process Plant 3-D Image Construction Schedule: Q3-21: Final contracts for plant & mine Q4-21: Resettlement and Procurement Q1-22: Bulk Earth Works Commence Q2-22: Process Plant Construction Start Q1-23: Pre-commission Activities Start Q2-23: Mining Commences Q3-23: First
Slide 15: 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 Mineralisation below the
Slide 16: Tulu Kapi Open at Depth
KEFI GOLD + COPPER Tulu Kapi Open at Depth TKBH_293: 90m @ 2.8g/t Au TKBH_125 intersected mineralisation 140m down- plunge; interpreted to be east of main UG shoot Underground resource potential estimated 1M oz
Slide 17: Tulu Kapi Gold Project in Oromia Region
KEFI GOLD + COPPER Tulu Kapi Gold Project in Oromia Region First modern mine in Ethiopia; construction ready Governments of Ethiopia and Region of Oromia own c.20% including 5% free carry interest Located in largest gold district, which has been mining gold since antiquity Main industry in the area
Slide 18: Tulu Kapi District Exploration Potential
KEFI GOLD + COPPER Tulu Kapi District 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 19: Appendices: Saudi Arabian Projects
KEFI GOLD + COPPER Appendices Saudi Arabian Projects 19
Slide 20: Hawiah Drilling activities
KEFI GOLD + COPPER Hawiah Drilling activities 20
Slide 21: Continued Expansion of the Hawiah Deposit
KEFI Continued Expansion of the Hawiah Deposit GOLD + COPPER Hawiah is a World Class VMS Project • Hawiah is held through the KEFI-ARTAR JV (G&M): KEFI is the operator and owns 34% • Located in the Wadi Bidah Mineral District, a 120 km VMS belt hosting >20 known deposits • Maiden resource of 19.3Mt
Slide 22: Key Hawiah 2020 PEA Outcomes
KEFI GOLD + COPPER Key Hawiah 2020 PEA Outcomes Summary of PEA Economics (Base case, August 2020 metal prices) • High priority VMS project to be advanced via Ore Processing Rate 2.0Mtpa further drilling, met testwork and studies Life of Mine 7 years Average Operating Costs - Annual $79M p.a. • Minin
Slide 23: Hawiah – Project moving to PFS stage
KEFI Hawiah – Project moving to PFS stage GOLD + COPPER • Drilling has targeted a 4.5Km long gossanous ridgeline now defined into the main areas; Camp Lode, Central Zone and Crossroads Lode • Three mineralisation zones identified: oxide zone near surface with supergene gold enrichment, a transition
Slide 24: Hawiah Key Drill Intercepts
KEFI GOLD + COPPER Hawiah Key Drill Intercepts • Good copper grades throughout the Camp Lode and appears to be increasing down plunge • Latest drilling confirms the Crossroads Lode remains open at depth Downhole Estimated true Mineralisation Hole ID Total Depth From (m) To (m) Cu % Zn % Au g/t Ag g/
Slide 25: Hawiah Long Section
KEFI GOLD + COPPER Hawiah Long Section Looking East 6km For further information, refer to the KEFI announcement dated 24 August 2021 25
Slide 26: Hawiah Cross Sections Looking North
KEFI GOLD + COPPER Hawiah Cross Sections Looking North Good Correlation between Holes Crossroads Lode Camp Lode 26
Slide 27: Jibal Qutman Maiden Mineral Resources
KEFI GOLD + COPPER Jibal Qutman Maiden Mineral Resources Mesothermal or orogenic quartz vein hosted gold deposit located in the Asir Terrane in the central southern region of the Arabia-Nubian Shield, ~110km east northeast of Bisha City Category Tonnes Gold Contained Gold (millions) (g/t) ('000 ounc
Slide 28: Thank You
KEFI GOLD + COPPER Thank You Drilling at the Hawiah Camp Lode Email: info@kefi-minerals.com @kefiminerals KEFI Minerals plc Website: www.kefi-minerals.com 28
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