KEFI Gold and Copper PLC · LSE:KEFI

KEFI Gold and Copper — KEFI Minerals — Shareholder Meeting (March 2017)

13 slides from KEFI Gold and Copper's shareholder meeting presentation, Mar 1, 2017

  1. Slide 1: General Meeting

    KEFI MINERALS GENERAL MEETING 1 March 2017

  2. 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

  3. Slide 3: History

    HISTORY SAUDI ARABIA  2004-6: KEFI BUILT A DATABASE ON ARABIAN NUBIAN SHIELD  2007: KEFI PEGGED INSIDE SAUDI ARABIA  2008: KEFI JV’D SAUDI ARABIA WITH AL RASHID GROUP (ARTAR)  2009-2016  DISCOVERED HEAP LEACHABLE GOLD. LIKELY TO SCALE UP  PEGGED A WORLD CLASS VMS BELT ALONG FROM BARRICK  ASSE

  4. Slide 4: Today's General Meeting Approvals to Reinforce a Strong Platform

    TODAY’S GENERAL MEETING APPROVALS TO REINFORCE A STRONG PLATFORM Lanstead Odey Ausdrill&Lyco Board Public 26% 20% 5% 3% 46% Al Rashid KEFI Minerals plc Ethiopia Govt. 60% 40% 70-80% 20-30% KSA JV Ethiopia JV Jibal Qutman, Tulu Kapi and Hawiah and other others The shareholdings in KEFI Minerals plc d

  5. Slide 5: So as to Pursue the Value Inflection of Financing and Development

    SO AS TO PURSUE THE VALUE INFLECTION OF FINANCING AND DEVELOPMENT Value Value build M&A 100% 13 Reach steady state 75% 11 Commissioning 12 Begin commercial production Fund “sweet spot” 10 Project construction 9 Raise funding 14 Declining production 50% 7 Reserve definition 8 Feasibility study 6 Pre-

  6. Slide 6: The Key Steps Ahead

    THE KEY STEPS AHEAD H1 2017  VAT refund £2.6M (extra working capital pending development finance)  Project Finance execution (Tulu Kapi Project Contractors, Government, Financiers) H2 2017-  Development and Construction (Tulu Kapi, Ethiopia) 2018  MLA and DFS Jibal Qutman (Saudi Arabia)  Prospe

  7. Slide 7: Ethiopia's Ranking for Investment Attractiveness

    ETHIOPIA’S RANKING FOR INVESTMENT ATTRACTIVENESS Fraser Institute Survey, published June 2016. Rank 51 of 109 globally Morocco Burkina Faso Ghana Namibia Botswana Eritrea Ivory Coast Ethiopia Madagascar Democratic Republic of Congo (DRC) South Africa Zambia Tanzania Angola Mali Mozambique Niger Zimb

  8. Slide 8: Saudi Discovery: Jibal Qutman

    SAUDI DISCOVERY JIBAL QUTMAN-A HEAP LEACHABLE STRING OF OPEN PITTABLE DEPOSITS • c.99km2 EL was granted in July 2012. JORC Resource 0.73Moz • Four ELAs around Jibal Qutman EL with satellite open pit targets • KEFI-operated JV targets to develop a small operation to fund additional pits at Jibal Qutm

  9. Slide 9: Saudi Offers Up Plenty of Walk-Up Targets

    SAUDI OFFERS UP PLENTY OF WALK-UP TARGETS  100km2 Hawiah EL  Hosted in +120km nth-sth trending Wadi Bidah VHMS Mineral district  6 km of gold-bearing gossans at surface and potential for underlying Cu-Au-Zn indicates massive sulphide orebodies  Trenched over the 6km, highly silicified and gossan

  10. Slide 10: Hawiah: SP Geophysical Survey

    HAWIAH: SP GEOPHYSICAL SURVEY OUTLINE OF LARGE POTENTIAL METAL-BEARING BODY 3D Long Section of Hawiah Self-Potential Anomaly 10

  11. Slide 11: KEFI Is Poised at an Opportune Stage

    KEFI IS POISED AT AN OPPORTUNE STAGE  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 subseq

  12. Slide 12: KEFI Is Poised at an Opportune Stage

    KEFI IS POISED AT AN OPPORTUNE STAGE  333M: Shares on issue post the financing and 17:1 consolidation considered on 1 March 2017 (5,655 million pre-consolidation)  £77M: NPV8 now, as at mid-2017 (US$94M): Open Pit + Underground (After Tax) at $1,250/oz. This is for 75% of project  £113M: 2-year T

  13. Slide 13: 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

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