Kefi Gold And Copper Plc · LSE:KEFI
Kefi Gold And Copper — 121 Cape Town 2025
29 slides from Kefi Gold And Copper's conference presentation, Feb 4, 2025
Slide 1: Building a Minerals Leader in the Arabian-Nubian Shield
Building a Minerals Leader In the Arabian-Nubian Shield 121 Cape Town 3-4 February 2025 kefi-goldandcopper.com
Slide 2: Disclaimer
Disclaimer ARABIAN-NUBIAN SHIE 2 kefi-goldandcopper.com Focused On Arabian -Nubian Shield
Slide 3: Key update: Status of Tulu Kapi Finance Closing Process
Key update: Status of Tulu Kapi Finance Closing Process ➢ 2024: Early Works completed for security & community; selected Major Works started to de-risk schedule ➢ January 2025: ➢ Secured Lenders agreed updated Terms and Conditions for facilities expanded from $190M to $240M ➢ EthioBonds: Expressions
Slide 4: Ethiopia making great strides to stimulate private sector
Ethiopia making great strides to stimulate private sector ➢ 2018: PM Abiy Ahmed leads shift to widely based democracy, awarded the Noble Peace Prize 2019 ➢ 2022: Tigray peace agreement after majority of population re-affirmed Government mandate ➢ 2023: Licensing reforms introduced for exploration an
Slide 5: Ethiopia could be an important mining jurisdiction
Ethiopia could be an important mining jurisdiction ➢ Ethiopia’s geological similarity with Western Australia indicates huge potential ➢ Ethiopia minerals exports today are under US$1bn, versus WA’s US$165bn ➢ No short-cuts, but masses of opportunity ARABIAN-NUBIAN SHIE 5 kefi-goldandcopper.com Focus
Slide 6: Corporate Snapshot KEFI
Corporate Snapshot KEFI UK Perspective ETHIOPIA: GOLD + COPPER ▪ Substantial investment : Historical spend $100M, $50M since 2014 ▪ Deep Value: KEFI NPV £946M (5%) at $2,800/oz* CAPITAL STRUCTURE (AIM:KEFI) ▪ Early Works Complete: Preparing to sign financing, and launch all Major Works 0.92p – ▪ Pro
Slide 7: Solid Platform for Rapid Growth
Gold/Copper Deposit N KEFI MINERALS ETHIOPIA KEFI (G&M JV) EL Solid Platform for Rapid Growth KEFI (G&M JV) ELA Arabian Nubian Shield ETHIOPIA – Gold Mine Larger than any in Saudi ▪ Tulu Kapi Gold Mine JV KEFI-Ethiopian Gov, larger than any Saudi gold mine ▪ Starting construction. 1st stage 135Koz p
Slide 8: Syndicate Structure of Partners, Regional Investors, Banks and Contractors
Syndicate Structure of Partners, Regional Investors Banks and Contractors Public Shareholders Regional Investor/s via Equity Risk Notes) 100% 15% GMCO ARTAR KEFI Ethiopia ARABIAN-NUBIAN SHIE 85% Saudi Arabia c.80% .c.20% Tulu Kapi Gold Proposed Lender SIDF Critical Minerals Government Mines (TKGM) T
Slide 9: Tulu Kapi
Tulu Kapi ARABIAN-NUBIAN SHIE COMMENCEMENT OF MAJOR WORKS NEW MAIN ACCESS ROAD 9 kefi-goldandcopper.com Focused On Arabian -Nubian Shield
Slide 10: Tulu Kapi Planned Site Layout - Overview
Tulu Kapi Planned Site Layout - Overview • Standard 2Mtpa CIL processing plant • Contract mining – truck and shovel • Open pit waste to ore ratio of 7.5 to 1 • Head grade of 2.1g/t gold (open pit) • Gold recoveries of 93% • Open Pit gold production 135Koz pa • Initial Underground contribution expect
Slide 11: Tulu Kapi Project Economics
Tulu Kapi Project Economics ARABIAN-NUBIAN SHIE 11 kefi-goldandcopper.com Focused On Arabian -Nubian Shield
Slide 12: Stakeholders meeting July 2024
Stakeholders meeting July 2024 At the site of Tulu Kapi’s initial construction camp. Overlooking the planned site processing facilities and mine ARABIAN-NUBIAN SHIE School provided by KEFI Minerals Ethiopia for the Tulu Kapi community 12 kefi-goldandcopper.com Focused On Arabian -Nubian Shield
Slide 13: CSR Policy & Strategy
CSR Policy & Strategy A Long-Term Partnership Between KEFI, Government & Community • Compensation and resettlement in accordance with local law and international standards • We support Government implementation of resettlement • We emphasize transparency and collaboration • Community inputs to progr
Slide 14: Tulu Kapi – Open Pit + Underground Mine
Tulu Kapi – Open Pit + Underground Mine 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 ARABIAN-NUBIAN SHIE increased when the two sources are blended A DFS on mining the deeps is planned during construction of Open Pit and Pr
Slide 15: Tulu Kapi – Open at Depth
Tulu Kapi – Open at Depth 73,109m of Diamond drilling 49,625m of RC Drilling TKBH_293: 90m @ 2.8g/t Au 4,818m of Geotechnical Drilling 6,051m of Hydrogeological Drilling ARABIAN-NUBIAN SHIE 1,417m of Trenching TKBH_125 intersected mineralisation 140m down- plunge; interpreted to be east of main UG s
Slide 16: Tulu Kapi Mineral Resources & Ore Reserves
Tulu Kapi Mineral Resources & Ore Reserves Resources - 1.72Moz of contained gold at 2.65g/t Resource Category Area Tonnes Gold Contained Gold (millions) (g/t) (Moz) Indicated Above 17.7 2.49 1.42 1,400m RL Inferred 1.3 2.05 0.08 Sub-Total 19.0 2.46 1.5 Indicated Below 1.1 5.63 0.20 1,400 RL Inferred
Slide 17: Independent Experts Sign Off
Independent Experts Sign Off Tulu Kapi Signed Off by Leading Experts for the International Syndicate Security Due Diligence Financial Model ARABIAN-NUBIAN SHIE Environment & Social Definitive Feasibility Study Resources & Reserves 17 kefi-goldandcopper.com Focused On Arabian -Nubian Shield
Slide 18: Lithium/tantalum on the Kenticha Region
Lithium/tantalum on the Kenticha Region ➢ The Kenticha Tantalum-Lithium Mineralized Belt is located in Southern Ethiopia, 540km from Addis Ababa ➢ The Kenticha Belt hosts three known Tantalum-Niobium mineralisations: Bupo, Kenticha and Kilkile ➢ Kenticha and Bupo are similar in Manganese-rich Tantal
Slide 19: Konso critical metals licence
Konso critical metals licence ➢ The 100% held Konso Licence Area covers 22 km2; it is located 635 km south of Addis Ababa, near the city of Arba Minch (which means “40 springs”) ➢ Previously explored by Ethiopian Geological Survey and global major Vale; the licence covers those areas of interest hig
Slide 20: Saudi Arabia
ARABIAN-NUBIAN SHIE Saudi Arabia Two advanced projects and large regional portfolio 20 kefi-goldandcopper.com Focused On Arabian -Nubian Shield
Slide 21: Hawiah – VMS Copper-Gold-Zinc-Silver
Hawiah –VMS Copper-Gold-Zinc-Silver Top 3 base metals discovery in Saudi Arabia – working on DFS • Major greenfield discovery made in 2019, and 119,000m of drilling since then • Mineral Resource of 29Mt at 0.89% copper, 0.94% zinc, 0.67g/t gold and 10.1g/t silver • Further near-term resource expansi
Slide 22: Hawiah Project - Long section displaying resource classification and open pit shells
Hawiah Project - Long section displaying resource classification and open pit shells = Crossroads Extension 5000m Strike Crossroads Central Zone Camp Lode Open Pit- 11.1 Mt Underground - 17.9 Mt Resource Classification EEE indicated ee => rold MEME interrea o Unctassifies k-minerals Hawiah Project -
Slide 23: Jibal Qutman - Near Surface, Orogenic Gold
Jibal Qutman - Near Surface, Orogenic Gold ~270Km² Licence Package Including 0.7Moz Resource as basis for the current DFS • A GMCO discovery on which work was suspended in 2016 during a regulatory overhaul and the site was re-accessed in late 2022 New Asfingia • Mining Licence Area initially planned
Slide 24: GMCO JV
GMCO JV ~1,000km² License Package • GMCO holds Exploration Licences (“EL’s”) via (ARTAR) covering ~1,000 km2 and further applications (ELA’s) • All licences being transferred into GMCO for ease of project financing • Teams mobilised onto 14 new EL’s, three times what GMCO was granted in previous 13
Slide 25: GMCO compared to Al Masane Al Kobra (AMAK)
GMCO compared to Al Masane Al Kobra (AMAK) ➢ AMAK has similar but smaller deposits and has a mkt cap of $1.7bn AMAK GMCO Copper-Gold Mine/Project Al Masane UG³ Hawiah OP + UG Mineral Resources 8.6Mt @ 1.0% Cu, 5.0% Zn, 1.0g/t Au, 38g/t Ag 29Mt @ 0.89% Cu, 0.94% Zn, 0.7g/t Au, 10g/t Ag Processing Pla
Slide 26: KEFI Board of Directors
KEFI Board of Directors Experienced Industry Specialists for the Region Harry Anagnostaras-Adams John Leach Addis Alemayehou Alistair Clark Richard Robinson Executive Chair – B. Comm, MBA, Finance Director – BA Economics, Non-Executive – representative with the Non-Executive Non-Executive – Chair of
Slide 27: Management Team - Executive Directors Plus...
Management Team - Executive Directors Plus... Eddy Solbrandt – Chief Operating Officer Robert Williams - Corporate Development & Eddy began his career in the mining industry in 1986 and has since Technical Studies worked in open cut and underground metalliferous mines, as well as Rob began his caree
Slide 28: Country Risk – Ethiopia now a lower risk destination
Country Risk – Ethiopia now a lower risk destination ARABIAN-NUBIAN SHIE 28 kefi-goldandcopper.com Focused On Arabian -Nubian Shield
Slide 29: THANK YOU
THANK YOU E: info@kefi-goldandcopper.com Kefiminerals KEFI Gold and Copper kefi-goldandcopper.com