Kefi Gold And Copper Plc · LSE:KEFI
Kefi Gold And Copper — Corporate Update (October 2022)
31 slides from Kefi Gold And Copper's corporate update, Oct 25, 2022
Slide 1: Q3-2022 Operational Update
Q3-2022 OPERATIONAL UPDATE KEFI GOLD + COPPER 25 October 2022 Arabian-Nubian Shield Globally Recognised Minerals Potential KEFI Speeding Up With The Geopolitics 1
Slide 2: Disclaimer
KEFI GOLD + COPPER 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, agent
Slide 3: Corporate Overview
KEFI GOLD + COPPER Corporate Overview Stockmarket Information (KEFI on AIM) Progress Since IPO 2006 Share price - 12 mth 0.5p - 2.50p Geopolitics has determined our rate of progress and has Current share price 0.6p turned for the better in both Ethiopia (security and regulatory) and Saudi Arabia (re
Slide 4: Arabian-Nubian Shield
KEFI GOLD + COPPER Arabian-Nubian Shield • Block 14 - Sudan (79.9Mt @ 1.11g/t for 2.85Moz Au) • Feasibility stage • Acquired by Perseus Mining for C$215M in Feb 2022 • Acquisition cost of $60 per resource oz “We are also investigating projects across the Nubian and Arabian Shields in North Africa an
Slide 5: Lessons Learnt in Gold Projects in Saudi Arabia and Ethiopia
KEFI GOLD + COPPER KEFI in Saudi Arabia and Ethiopia Lessons Learnt in 2 Gold Projects 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TULU KAPI Drilling to Establish Ecominc Resource Economic Definitive Feasibility Study Permitting Required for Development Permi
Slide 6: Building c. 400K oz pa Au-eq Production
KEFI GOLD + COPPER Building c. 400K oz pa Au-eq Production KEFI interest c. 200K oz pa Au-eq 2022 2023 and 2024 2025 2026 Ethiopia: Tulu Kapi Gold Finance: Full Syndicate Construction and Commission Production Open pit + underground… Umbrella Agreements 6-22 Satisfy Financing Conditions KSA: Jibal Q
Slide 7: NPV of KEFI's Advanced Projects
KEFI GOLD + COPPER NPV of KEFI’s 3 Advanced Projects MKT CAP V NPVs Comments on NPV (Net Present Value) and the Calculations 500 450 433 All three of KEFI’s advanced projects report NPV’s based on discounting at 8%: 400 350 • recoverable JORC Resources as reported up to end 2021 • Consensus Metal Pr
Slide 8: Valuation Benchmarks
Valuation Benchmarks KEFI GOLD + COPPER African Gold Companies Orior Capital (left) African gold companies Enterprise Value per oz of production, planned or 2022/23 guidance (right)African gold companies Enterprise Value per oz of measured and indicated resource (left) EV/NPV, selected African gold
Slide 9: KEFI's Partners, Banks and Contractors
KEFI’s Partners, Banks and Contractors KEFI GOLD + COPPER We Have Jointly Traversed the Issues Regional Investors Regional Groups Focused on Step 2 Focused on Ethiopia Arabian-Nubian Shield KEFI Gold and Copper plc Step 1 30% 100% 100% 70% G&M ARTAR KEFI Ethiopia Saudi Arabia ~70% ~ 6% Ethiopian Pri
Slide 10: Security
KEFI GOLD + COPPER Security Independent Assessors’ Security Risk Rating for Saudi Arabia is LOW and for Ethiopia is MEDIUM. • Saudi: KEFI considers Security Risk to be LOW, partly due to low country risk and partly because of systems installed by the Company. • Ethiopia: KEFI considers Security Risk
Slide 11: Security Assessments
KEFI GOLD + COPPER Security Assessments August 2022 Ethiopia started to democratise in 2018 which elevated internal conflicts and security risks Security ranks safer than many mining sites KEFI’s project site is over 1000 km from conflicts in northern Ethiopia. Site activities continue with many loc
Slide 12: Overview of KEFI's History and Plans
KEFI GOLD + COPPER Overview of KEFI’s History and Plans • KEFI has Invested 16 years, £90M and a lot of hard work by an excellent team • We now have projects already theoretically worth £244M and going to £433M in 2 years • The Projects are designed to International Standards: Social, Environment, G
Slide 13: Board of Directors
Board of Directors KEFI GOLD + COPPER -we will expand the Board upon consulting our new shareholders Harry Anagnostaras-Adams – Executive Chair – B. Comm, MBA, Fellow of Australian Institutes of Management & Company Directors Harry was founder or co-founder of Citicorp Capital Investors Australia, i
Slide 14: Senior Management
KEFI GOLD + COPPER Senior Management Executive Chairman and Finance Director Plus…. Eddy Solbrandt – Ethiopia Brian Hosking – Saudi Arabia Norman Green – Development Plus People & Systems plus Planning & Exploration Norman is a graduate mechanical and professional engineer with the key experience of
Slide 15: Tulu Kapi Gold Mine, Ethiopia
KEFI GOLD + COPPER Tulu Kapi Gold Mine, Ethiopia 15
Slide 16: Mine Plan and Cash Flows
KEFI GOLD + COPPER Mine Plan and Cash Flows At Current Consensus Gold Price $1,650/oz US$M CFADS & Debt Service DSCR 7.00x 95 85 6.00x 75 5.00x 65 55 4.00x 45 3.00x 35 25 2.00x 15 1.00x 5 -5 1 2 3 4 5 6 7 8 9 0.00x Production Year CFADS Debt Service DSCR Above chart shows Tulu Kapi’s: • Cash Flow Av
Slide 17: Corrected Technical Plans During 1st Years
KEFI GOLD + COPPER KEFI Corrected Technical Plans During 1st 2 Years. Re-Worked 130,000 metres of Drilling & Engineering 17
Slide 18: We Then Uncovered the Deposit
KEFI We Then Uncoveredtheand GOLD + COPPER Sampled the Grade of Deposit 18
Slide 19: We Fully Designed the Mine and Process Plant
KEFI GOLD + COPPER We Fully Designed the Mine and Process Plant Above: Truck and personnel of the contractor Below: 3-D image of open pit and underground deposit Above: 3-D image of plant designed for Tulu Kapi Below: Similar factory built by same contractor
Slide 20: Tulu Kapi Site Surface Layout
KEFI GOLD + COPPER Tulu Kapi Site Surface Layout
Slide 21: Tulu Kapi Site Open Pit at Surface
KEFI GOLD + COPPER Tulu Kapi Site Open Pit at Surface Showing Adjacent Waste Dumps for Revegetation
Slide 22: Tulu Kapi Open Pit
KEFI GOLD + COPPER Tulu Kapi Open Pit Unveiling Mineralised Zones Below Surface
Slide 23: Underground Development
Underground Development KEFI GOLD + COPPER to Access Ore Outside Open Pit and to Drill Extensions of the System from Underground 23
Slide 24: Every Aspect Checked by International Experts
Every Aspect Checked by International Experts KEFI GOLD + COPPER So As to Give Confidence About Ethiopia’s First Major Modern Mine Security Due Diligence Financial Model Environmental & Social Definitive Feasibility Study Resources & Reserves 24
Slide 25: Saudi Arabia: Jibal Qutman Gold Project
KEFI GOLD + COPPER Saudi Arabia Jibal Qutman Gold Project 25
Slide 26: Jibal Qutman Gold Project
KEFI GOLD + COPPER Jibal Qutman Gold Project • Jibal Qutman is located in the southern portion of the Nabitah Suture zone (Nabitah-Tathlith), a shield wide belt hosting multiple ancient gold mines and known occurrences, as well as the major Ad Duwayhi and Mansourah- Massarah Gold Mines. • 2012-2016
Slide 27: Jibal Qutman Geology and Resource
KEFI GOLD + COPPER Jibal Qutman Geology and Resource • Typical shear-hosted orogenic gold deposit comprising a weathered oxide cap and lower un- weathered ore body • There are currently 7 recognised zones of mineralisation • Resource drilling has so far only been explored to a depth of only ~125m an
Slide 28: Hawiah Project Resource Statement and Classification
KEFI GOLD + COPPER Hawiah Project Resource Statement and Classification 2020 2021 • Major greenfield discovery made in September 2019 Total Resource 19.3 24.9 • 42,000m drilling programme over 3 years Cu Grade (%) 0.9 0.9 Au Grade (g/t) 0.6 0.62 • Mineral Resource of 24.9Mt (0.9% copper, 0.85% zinc,
Slide 29: Initial Al Godeyer Similarity to Hawiah
KEFI GOLD + COPPER Initial Al Godeyer Similarity to Hawiah Cu-Au VMS Mineralisation • Strong SP geophysical anomalies below gossans are similar to Hawiah • Trenching, geophysics and initial drilling indicates good continuity of Cu-Au mineralised horizon • Gold mineralisation of up to 7.2g/t gold and
Slide 30: Regional Exploration Projects
KEFI GOLD + COPPER Regional Exploration Projects Qunnah-Hilit Umm Ash-Shalaheeb Jadid Al Qahtanah Hawiah 3 EL Al Miyah Jibal Qutman MLA Lorelon G&M (ARTAR) holds 9 exploration licences and further applications (ELA’s) covering +1000 Km2
Slide 31: Thank You
KEFI GOLD + COPPER Thank You Email: info@kefi-goldandcopper.com @kefiminerals KEFI Gold and Copper Website: kefi-goldandcopper.com 31
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