Focus Xplore Plc · LSE:FOX
Focus Xplore — Katoro Gold — Investor Presentation (April 2021)
42 slides from Focus Xplore's investor presentation, Apr 26, 2021
Slide 1: Corporate Presentation Q2 2021
CORPORATE PRESENTATION Q2 2021
Slide 2: Disclaimer
DISCLAIMER These presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for any securities of Katoro Gold plc (the “Company”) and they should not be relied on in connection with a decision to purchase or subscribe for
Slide 3: About Katoro Gold Plc
ABOUT KATORO GOLD PLC Katoro Gold Plc is an AIM quoted focused gold and mineral exploration and development company. It currently has 2 active projects in Africa and aims to further diversify its portfolio through the acquisition of new projects. It’s strong management team with significant in-count
Slide 4: Board of Directors
BOARD OF DIRECTORS Louis has over 25 years’ experience in business development, promotion and financing in both the public and private sectors. In recent Executive Chairman years, he has concentrated on the exploration and mining area where he has founded, promoted and developed several junior miner
Slide 5: Projects Overview
PROJECTS OVERVIEW HANETI Located in central Tanzania and covering an area of approximately 5,000 sq. km the 75% owned Haneti project is a polymetallic system with identified potential for nickel (sulphide and laterite), Platinum Group BLYVOOR Metals, copper, gold, lithium and rare earth A strategic
Slide 6: Blyvoor Gold Tailings Project
BLYVOOR GOLD TAILINGS PROJECT
Slide 7: Executive Summary
1. EXECUTIVE SUMMARY Katoro has entered into a binding conditional agreement to form a 50/50 unincorporated joint venture with Blyvoor Gold Operat ions and its holding company, Target Mine Consulting (Pty) Ltd. The JV Partners plan to exploit potentially viable deposits of gold and any other mineral
Slide 8: Blyvoor Project Location and History
BLYVOOR PROJECT LOCATION AND HISTORY The Blyvoor Gold Mine, inclusive of the tailings storage facility (“TSF”) site is located 75km south west of Johannesburg in the Gauteng Province of South Africa. It lies approximately 6 km south of Carletonville. During 2015 and 2016, Blyvoor Gold negotiated and
Slide 9: Corporate Structure
CORPORATE STRUCTURE TARGET MINE CONSULTING 100% 50/50 JV Blyvoor Gold KATORO GOLD PLC Operation (Pty) Ltd Tailings Storage Facilities AIM:KAT 9
Slide 10: Tailings Opportunity in South Africa
TAILINGS OPPORTUNITY IN SOUTH AFRICA The Blyvoor opportunity involves the reclamation from tailings material only. The tailings will be mined by means of hydro mining methods. The mining units utilise high pressure water cannons to hydraulically mobilise the in- situ tailings. Tailings operations ar
Slide 11: Drilling Campaign TSF 7 - 2020
DRILLING CAMPAIGN TSF 7 - 2020 Drilling campaign aimed at gathering samples for valuation and confirmatory metallurgical test work. • Historic Drill holes • 59 Holes • 2,345m Total depth • 1.5m Average Sample width • 2020 Drill Holes • 7 Holes • 344m Total depth • 1.5m Average Sample width AIM:KAT 1
Slide 12: Drilling Campaign TSF 6 - 2020
DRILLING CAMPAIGN TSF 6 - 2020 Drilling campaign aimed at upgrading resource from inferred to indicated and measured status. • Historic Drill holes • 13 Holes • 402m Total depth • 1.5m Average Sample width • 2020 Drill Holes • 48 Holes • 1,517m Total depth • 1.5m Average Sample width AIM:KAT 12
Slide 13: SAMREC Compliant Resource
SAMREC COMPLIANT RESOURCE (RNS DATED 04 MAY 2021) Total Measured and Indicated Total 50% Attributable to Katoro Mineral Resource Tonnes Grade Au Content Tonnes Grade Au Content TSF Classification Mt g/t koz Mt g/t koz TSF No. 6 Measured 30.5 0.32 318 15.25 0.32 159 TSF No. 7 Measured 18.0 0.31 182 9
Slide 14: SAMREC Compliant Reserve
SAMREC COMPLIANT RESERVE The Mineral Reserve contains 816 koz of gold in the Probable Mineral Reserve Classification, from the Measured and Indicated Mineral Resource, after having applied modifying factors for conversion from Mineral Resources to Mineral Reserves. Mineral Reserve Tonnes Grade Au Co
Slide 15: Plant Flow Sheet
PLANT FLOW SHEET Slurry receiving Elution & Tailings Hydro Mining & trash CIL Electrowinning Disposal screening Proven mining and processing methodologies to be used: • The process plant will accept reclaimed tailings from a hydro-mining operation. • Gold recovery with a conventional carbon-in-leach
Slide 16: Plant Flow Sheet
PLANT FLOW SHEET > mKIBO SMBS Cyanide Oxygen Lime Y | Trash Feed Ly Pre- Ll Carbon-in- >» Detox Removal Thickening Oxidation Leach Reclaimed _—___ # Tallings Stripped Loaded Carbon Carbon Old TSF Process Water New TSF * Storage Water t Hcl > Acid Wash Smelting > Doré > Carbon . _ Carbon . <— _ Eluti
Slide 17: Production Schedule
PRODUCTION SCHEDULE Designed to mine high grade areas first. Mining Schedule Years 13-15 production from Years 5-12 TSF 6 and then production from moving to Years 1-4 TSF 7 remaining TSF’s production from TSF 6 AIM:KAT 17
Slide 18: Funding Requirement
FUNDING REQUIREMENT Peak Funding Requirement of 1.177 ZAR billion required excluding 6.4 ZARm required for upfront rehabilitation insurance premium. Measured Indicated and Inferred Resource Reserve (Measured and indicated only) AIM:KAT 18
Slide 19: Cash Flow (Undiscounted)
CASH FLOW (UNDISCOUNTED) Healthy payback period of 2.6 years from start of production. Measured Indicated and Inferred Resource Reserve (Measured and indicated only) AIM:KAT 19
Slide 20: Sensitivity
SENSITIVITY The NPV is equally sensitive to variance in Gold Price and Exchange Rate (ER) but most sensitive to Grade since recovery is affected by grade. Measured Indicated and Inferred Resource AIM:KAT 20
Slide 21: Financial Valuation Summary
FINANCIAL VALUATION SUMMARY • The Competent Valuator performed an independent Mineral Asset valuation on the entire resource using two methodologies, namely the income approach using a discounted cash flow (or DCF) and the market approach utilising the comparable methodology. • Minxcon has higher co
Slide 22: The Blyvoor High Level Project Timeline
THE BLYVOOR HIGH LEVEL PROJECT TIMELINE 1 Month 18 Months 18 Months 25 Years Current Position Project Development Plan & Prep Construction Production & Funding Process First 9 AIM:KAT 22
Slide 23: Project Development and New Acquisitions
PROJECT DEVELOPMENT AND NEW ACQUISITIONS Pre-Feasibility Study, CPR Plant Construction Plant in Operation Ramp-up to 500 000 tpm and SAMVAL Report Funding 2020 2021 2022 2023 Resource Re-estimation Detailed Design & Reserve Statement AIM:KAT 23
Slide 24: Conclusion
5. CONCLUSION • 6 Tailings dams containing 1.4moz JORC compliant resources at an average grade of 0.29 g/t Au (for all the TSF’s). • Production to be ramped up to 500,000 tpm within the first-year post construction. • Projected 25-year life of mine. • Projected low all-in sustaining costs (AISC) of
Slide 25: Haneti Project
ee PROJE ANETI Ch * ¢ qT = = « ve ba
Slide 26: Executive Summary
1. EXECUTIVE SUMMARY 65% owned – JV with Power Metal Resources (LON:POW) 35%. The Company continues to explore all funding options for the advancement of Haneti, which may include further join ventures or farm-ins The 65% owned Haneti project is a polymetallic system with identified potential for ni
Slide 27: Haneti Project History and Location
HANETI PROJECT HISTORY AND LOCATION The property is centred approximately 80 km NNE of Dodoma, the legislative capital of Tanzania. Access is by vehicle, with a tarmac road from Dar-es-Salaam to Dodoma and from Dodoma northwards via a well- graded dirt road to Haneti which is in the process of being
Slide 28: Haneti Project History and Location
HANETI PROJECT HISTORY AND LOCATION • The 2013 field program results indicated: • The sampling program confirmed and expanded on the soil geochemistry and mapping on the main known targets wrt nickel, copper and gold values correlated well with historic work done. • Many new ultramafic bodies were i
Slide 29: Corporate Structure
CORPORATE STRUCTURE KATORO GOLD PLC 65% JV 35% JV POWER METAL Kibo Nickel Ltd RESOURCES PLC 100% Eagle Exploration Ltd (Haneti Project) AIM:KAT 29
Slide 30: The Haneti Project Magnetic Data
THE HANETI PROJECT MAGNETIC DATA AIM:KAT 30
Slide 31: Haneti Regional Geological Map and Local Ultramafic Anomaly
HANETI REGIONAL GEOLOGICAL MAP AND LOCAL ULTRAMAFIC ANOMALY AIM:KAT 31
Slide 32: Drilling Programme - 2020
DRILLING PROGRAMME - 2020 Drilling campaign aimed at at identifying sulphide mineralisation and gaining understanding of the geology: • Historic Work (2006 – 2013) • Geological Mapping • Rock Chip Sampling • Soil Sampling • 2020 RAB Drill Holes at Mihanza and Mwaka • 50 Holes • 1965m Drilling Distan
Slide 33: Drilling Programme – 2020: Mwaka
DRILLING PROGRAMME – 2020: MWAKA In general, the results of the drill assay composites for Mwaka were as expected from previous rock sampling and mapping programs. The drilling confirms the suspected deep weathering of the ultramafic serpentinites and highlights the need for deep diamond drilling to
Slide 34: Drilling Programme – 2020: Mihanza
DRILLING PROGRAMME – 2020: MIHANZA In general, the results of the drill assay composites for Mihanza were as expected from previous rock sampling and mapping programs. The drilling confirms the suspected deep weathering of the ultramafic serpentinites and highlights the need for deep diamond drillin
Slide 35: Drilling Programme – 2020: Conclusions
DRILLING PROGRAMME – 2020: CONCLUSIONS ❑ It is essential to intersect fresh sulphide mineralisation from depth, as they could indicate the presence of a massive sulphide body somewhere in the HIUC. This can only be done through a diamond drilling program with the target of finding economic sulphide
Slide 36: Drilling Programme - 2020
DRILLING PROGRAMME - 2020 Drilling on Mihanza Hill - serpentanite outcrop Mihanza hill samples with Ni rich garnierite and chrysoprase. Moving the rig in the rain These samples also run with anomalous Pt and Pd Drilling in the sun after a week of rain Small river crossing - Mihanza Amazon Drilling T
Slide 37: Project Exploration & Development
PROJECT EXPLORATION & DEVELOPMENT Confirm Anomaly Confirm Anomaly Inferred Resource Drilling (RAB) Drilling (Diamond ) Drilling (Diamond ) 2020 2021 2022 Resource Estimation AIM:KAT 37
Slide 38: Imweru and Lubando
IMWERU AND LUBANDO
Slide 39: Imweru and Lubando Gold Projects: Projects Disposal
IMWERU AND LUBANDO GOLD PROJECTS Projects Disposal ❖ Imweru is in the Lake Victoria Goldfields region of northern ❖ On 29th June 2020, the company announced the finalisation Tanzania and forms part of the Imweru Licence Portfolio owned of the disposal of 100% of the Imweru Gold project to Lake by Re
Slide 40: Katoro – A Compelling Investment Case
KATORO – A COMPELLING INVESTMENT CASE ✓Near term, finance ready, strategic gold production opportunity with a high experienced JV Manager in place. BLYVOOR – ✓SAMREC compliant resource of 1.4Moz of Au. ✓The Project already has in place the requisite mining licence and environmental impact assessment
Slide 41: Katoro Gold - Financials & Shareholders
KATORO GOLD - FINANCIALS & SHAREHOLDERS Stakeholder % Kibo Energy Plc 25.4 Katoro Gold Plc: AIM: KAT Sanderson Capital Partners Ltd 5.3 Power Metal Resources Plc 2.6 Market Cap: £4.7m (as at 23/04/2021) Shares in Issue: 378,912,593 Existing Options, Number Price Warrants: 113,074,999 Warrants Option
Slide 42: Contact Katoro Gold Plc
CONTACT KATORO GOLD PLC @KatoroGoldPlc AIM:KAT 42