Kefi Gold And Copper Plc · LSE:KEFI
Kefi Gold And Copper — Investor Presentation (September 2026)
19 slides from Kefi Gold And Copper's investor presentation, September 2026
Slide 1: Creating a leading Arabian-Nubian Shield gold producer
AIM KEFI kefi-goldandcopper.com Creating a leading Arabian-Nubian Shield gold producer SEPTEMBER 2026 CORPORATE PRESENTATION
Slide 2: Disclaimer
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, agents, employees or adv
Slide 3: Serious Security Incident
Serious Security Incident On 4 September 2026 the Company’s old exploration camp at Tulu Kapi was attacked and our beloved colleague Daniel Kitila Kelbessa killed along with other civilians and security police. We can confirm that all civilian hostages were released in the following week in good hea
Slide 4: Corporate Strategy
Corporate Strategy Focused on creating a leading Arabian-Nubian Shield gold producer, anchored on the Tulu Kapi Gold Project in western Ethiopia Build Tulu Kapi, Ethiopia's first modern Tier-1 gold mine KEFI's 86%-owned open pit in western Ethiopia is under construction, Arabian-Nubian Shield opport
Slide 5: Leadership Team
Leadership Team Harry Anagnostaras-Adams John Leach Eddy Solbrandt Executive Chairman & CEO Financial Director Chief Operating Officer § Founder or co-founder of Citicorp Capital § Over 30 years' experience in senior executive § Eddy began his career in the mining industry Investors Australia, inves
Slide 6: Corporate Structure
Corporate Structure Institutionally anchored register, preparing for a transfer to the Main Market of the London Stock Exchange Capital structure (AIM: KEFI) Shareholder register Ordinary shares in issue 13,772,018,660 Options and warrants (0.6p to 1.3p) 125,664,861 Share price 0.8p Market capitalis
Slide 7: Our Portfolio
Our Portfolio Three advanced assets across the Arabian-Nubian Shield, spanning construction, development decision and feasibility Gold/Copper Deposit TULU KAPI GOLD PROJECT KEFI MINERALS ETHIOPIA N KEFI (G&M JV) EL Ethiopia | 86% | In construction KEFI (G&M JV) ELA 1.05Moz Probable Ore Reserve withi
Slide 8: Tulu Kapi Project
Tulu Kapi Project A high-grade open pit with underground upside, targeting full production from 2028 . Detailed schedule and financial model now being updated 7 to 8 years 180koz pa $1,100-1,300/oz $526m Combined open-pit and underground mine Average EBITDA, first three years² Combined steady-state
Slide 9: Tulu Kapi Benchmarking
Tulu Kapi Benchmarking KEFI trades at a fraction of developer and producer enterprise values per ounce of annual production. These benchmarks being updated. 18,000 16,000 14,000 12,000 Producers average US$10,600/oz US$/oz per annum 10,000 8,000 Developers average US$6,900/oz 6,000 4,000 2,000 0 . n
Slide 10: Tulu Kapi In Construction
Tulu Kapi In Construction Community resettlement Plant procurement Phase 1 RAP well advanced 50%+ of major equipment 100% agreed, 90% paid ordered Phase 2 preparation begun SAG mill and long-lead items secured Contractors and works Financing and ESG Lycopodium, EEP, ERA and BCM Extra funding being a
Slide 11: Tulu Kapi Consultants
Tulu Kapi Consultants Tulu Kapi signed off by leading experts for the international syndicate EPCM Contractor Due Diligence Financial Model Security Resources & Reserves Environment & Social Industry Comparatives Orior Capital Source: KEFI Company materials 11 kefi-goldandcopper.com AIM KEFI Creatin
Slide 12: Saudi Assets and History
Saudi Assets and History Two discoveries since 2008, now held through a 13% shareholding in GMCO alongside majority partner ARTAR Mid-2008 2009 2012 2015 Sep 2019 2022 Feb 2025 2026 KEFI team begins GMCO formed with Jibal Qutman Jibal Qutman resource Drilling starts at Work recommences Updated resou
Slide 13: Hawiah
Hawiah A top-three Saudi base metals project, discovered in 2019 and advancing through feasibility Highlights 315,500t 320,600t 822,900oz 12.1Moz A greenfield discovery made in 2019, now one of the top Contained copper Contained zinc Contained gold Contained silver three base metal projects in Saudi
Slide 14: Jibal Qutman
Jibal Qutman A near-surface orogenic gold project, first in line for development within GMCO Highlights 37.0Mt at 902koz 270km² H2 2026 A near-surface, oxide-dominated orogenic gold deposit, Contained gold 0.76g/t Licence area Investment decision targeted similar in physical scale to Tulu Kapi but l
Slide 15: KEFI endeavours to be a Best-in-Class local partner
KEFI endeavours to be a Best-in-Class local partner Government partnership at every level in Ethiopia and Saudi Arabia, alongside a funded and independent community endowment Ethiopia: government partnership Saudi Arabia: government alignment Local communities US$20m of equity into TKGM from the Fed
Slide 16: Catalysts
Catalysts From debt drawdown in the next months through first gold in 2028 to a second mine in 2029 H2 2026 2027 2028 2029 and beyond Project debt schedule refreshed along Bulk earthworks, civil works and plant Full production from 2028 First stope ore and ramp-up to steady- with updated development
Slide 17: Investment Highlights
Investment Highlights A high-grade developer moving into production, with the upside still unpriced High-quality assets 1 High-grade ounces with upside in a premier metallogenic shield: 1.05Moz of Probable Ore Reserves within 1.7Moz of Resources at Tulu Kapi, and 3.5Moz gold- equivalent across the G
Slide 18: Reserves & Resources
Reserves & Resources Mineral Resources are inclusive of Ore Reserves. Mineral Resources and Ore Reserves were estimated using the guidelines of JORC Code (2012) Tulu Kapi Resources - 1.72Moz of contained gold at 2.65g/t Hawiah Cu-Au VMS Resource Category Area Tonnes Gold Contained Gold (millions) (g
Slide 19: Thank You
AIM KEFI kefi-goldandcopper.com THANK YOU E: info@kefi-goldandcopper.com Kefiminerals KEFI Gold and Copper kefi-goldandcopper.com
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