KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — KEFI Minerals — Shareholder Meeting (July 2018)
24 slides from KEFI Gold and Copper's shareholder meeting presentation, Jul 12, 2018
Slide 1: First modern mine planned for Ethiopia: Tulu Kapi Gold Mine
2017 Annual General Meeting 12 July 2018 First modern mine planned for Ethiopia: Tulu Kapi Gold Mine 1
Slide 2: Company Overview
COMPANY OVERVIEW AIM listed KEFI Minerals plc (KEFI) is focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield (ANS) area. KEFI’s vision is to be a dividend-paying high-growth mining leader in the ANS. Shares on issue 553M Market Capitalisation at 2.5p £14M N
Slide 3: Ethiopia in 2018: Developments Relevant for KEFI
ETHIOPIA in 2018 Developments Relevant for KEFI • Feb 18: resignation of Prime Minister Hailemariam • April 18: appointment of new Prime Minister Dr Abiy Ahmed • April-June: new Ministry, new Governor of central bank and new V.P. of Oromia Regional Govt • July: • New Govt leadership responds positiv
Slide 4: KEFI's History in Ethiopia
KEFI’s History in Ethiopia • 10 years up to 2014, when KEFI took control: exploration and engineering designs at a cost of c. $50M • 2015: KEFI Development Plans approved by Council of Ministers and central bank approved financing plan • 2016: KEFI appointed specialist contractors for development of
Slide 5: TKGM – Corporate Structure
TKGM – Corporate Structure Institutions Board/Mgt/Contractors Other Shareholders 35% 15% 50% Ausdrill KEFI Minerals plc Mining Services Contractor c. 70% Ethiopian c. 30% KEFI Institutional Ethiopia Lycopodium Investors $30M c. 77% Process Plant Construction & Operations support Tulu Kapi Gold Mines
Slide 6: Lycopodium and Ausdrill
LYCOPODIUM and AUSDRILL INFRASTRUCTURE AND MINING CONTRACTOR Lycopodium is mainly African-based, having built 57 gold plants and worked in over 20 African countries over a period of over 20 years. It has also worked in Australia, Asia and Europe. Ausdrill / African Mining Services has developed a ma
Slide 7: Tulu Kapi's Timetable
TULU KAPI’S TIMETABLE Intense exploration Selected Plant and Mine Mandated finance Start mining and Significant net cash drilling and specialised contractors after 2 close for 2018, commission mine and generated for detailed engineering consecutive tenders with appointed senior plant. exploration, d
Slide 8: KEFI/TKGM and the Community
KEFI/TKGM and the Community • KME/TKGM has already provided a local school and water wells • Majority local employment of current site teams • Extensive consultation, as co-ordinated by Woreda, for resettlement compensation and actual move • Facilitated selection of new host lands from 17 alternativ
Slide 9: Sources and Uses Excluding Tulu Kapi Project Capital Expenditure
Sources and Uses Excluding Tulu Kapi Project Capital Expenditure SOURCE AND USE OF FUNDS STATEMENT - June 2018 to Dec 2018 £000’s Cash and Working Capital Facilities at May 2018 574 June-July 2018 Placing 5,500 Project Equity 22,500 Project Debt (1) 120,000 Total Sources 148,574 Costs Paid in Shares
Slide 10: Appendices
TULU KAPI GOLD MINES S.C. Appendices
Slide 11: Directors
Directors Harry Anagnostaras-Adams – Executive Chairman – B. Comm, MBA, Fellow of Australian Institute of Company Directors Harry was founder or co-founder of Citicorp Capital Investors Australia, investment company Pilatus Capital, Australian Gold Council, EMED Mining, KEFI Minerals and Cyprus-base
Slide 12: KEFI Senior Executive
KEFI Senior Executive Harry Anagnostaras-Adams - Executive Chairman see description under Directors John Leach - Finance see description under Directors Below are Senior Executives appointed Feb 2018 to assume line responsibilities in March 2018, in the lead-up to planned development David Munro - O
Slide 13: Tulu Kapi Gold Project History
Tulu Kapi Gold Project History The Tulu Kapi project lies 360 km due west of Ethiopian capital, Addis Ababa. Access is via a sealed road and the site benefits from main electricity grid access within 50km of the project. Tulu Kapi has a probable ore reserve of 1.05Moz and mineral resources totalling
Slide 14: Case Study: Benefits of Tulu Kapi Mining Project to Ethiopia
CASE STUDY: BENEFITS OF TULU KAPI MINING PROJECT TO ETHIOPIA Mining is a long-term activity and has high social impact Mining represents c.20% of Africa’s economic activity and minerals are the continent’s second-largest export category TULU KAPI – THE BENEFITS First major foreign investment Ethiopi
Slide 15: Tulu Kapi - Resources & Reserves
Tulu Kapi - Resources & Reserves (JORC 2012) Geological Overview Reserves Cut-off Tonnage Gold Grade Cont. Gold • The Tulu Kapi region comprises typical greenstone characterised by (g/t) (millions) (g/t) (Moz) prominent hills of intrusive rocks and deeply incised valleys hosting both High grade 0.90
Slide 16: Tulu Kapi Gold Project Overview of Post-DFS Refinements
Tulu Kapi Gold Project Overview of Post-DFS Refinements 2018 Plan Agreed with Contractors & Financier As part of the due diligence for financing, KEFI has agreed the 2018 Plan with the preferred financier and contractors. 2018 Plan compared with most recent DFS Whilst resources and reserves and the
Slide 17: Tulu Kapi – Underground Potential
Tulu Kapi – Underground Potential Gold mineralisation may extend both beneath the current drilling, and 600m to 800m further to the north – potential for 1 Moz below current open pit. • Base Case Internal PEA on the August 2014 resource of 1.45Mt at 6.3g/t (333koz contained gold) extends beyond curr
Slide 18: Exploration Upside
Exploration Upside KEFI is well positioned to capitalize through to 2020 on its excellent portfolio of Ethiopian exploration projects whilst the Tulu Kapi Project undergoes concurrent development. KEFI has an area set aside in principle by Government, for exploration of prospects within trucking dis
Slide 19: Opportunities for Satellite Deposits
Opportunities for Satellite Deposits District Exploration Opportunities KEFI can quickly add to Tulu Kapi open-pit gold production by developing: • Potential for oxide ore in a series of shallow open-pits (40m depth) along the more than 9km of Komto-Guji Belt, all within trucking distance of planned
Slide 20: Saudi Arabian Projects
Saudi Arabian Projects A 40/60 joint venture with Saudi conglomerate ARTAR 20
Slide 21: The Arabian-Nubian Shield
THE ARABIAN-NUBIAN SHIELD The Arabian-Nubian Shield (ANS) is an exposure of Precambrian crystalline rocks on the flanks of the Red Sea. Geographically the ANS includes Israel, Jordan, Egypt, Saudi Arabia, Sudan, Eritrea, Ethiopia, Yemen, and Somalia. The ANS is believed to be the next major explorat
Slide 22: KEFI in Saudi Arabia
KEFI in Saudi Arabia 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 minerals exploration and development, resulti
Slide 23: Tenement Locations in the Arabian Shield
Tenement Locations in the Arabian Shield 0.6Moz +1Moz +40Mt at 2.4% Cu +6Moz G&M JV +3Moz 1 MLA +0.5Moz 1 EL +3Moz 17 ELAs +3Moz 4 ELAs pending Total ≈1,275km2 23
Slide 24: Contacts
Contacts Local community consultation before development starts at Tulu Kapi Email: info@kefiminerals.com Website: www.kefi-minerals.com @kefiminerals KEFI Minerals plc 24