KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — KEFI Minerals — UK Investor Show 2016
14 slides from KEFI Gold and Copper's conference presentation, Apr 30, 2016
Slide 1: Developing a +100,000 oz. p.a Gold Producer, Then Expanding in the Arabian-Nubian Shield
Developing a +100,000 oz. p.a Gold Producer Then Expanding in the Arabian-Nubian Shield UK INVESTOR SHOW 30 APRIL 2016
Slide 2: Disclaimer
DISCLAIME R 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
Slide 3: Corporate Overview
Corporate Overview At 25 April 2016 AIM code KEFI Share price - 12 mth 0.26p (low)/1.07p (high) Share price – current 0.45p Shares in issue 3.12 billion Market cap £14M (US$22M) Nomad SP Angel Brokers Brandon Hill Capital Beaufort Securities Source: Digitallook – 2016 YTD chart Key Shareholders (ful
Slide 4: Emerging Gold Miner in Arabian-Nubian Shield
Emerging Gold Miner in Arabian-Nubian Shield KEFI in Ethiopia KEFI in Saudi Arabialarge Exploring Project on track to start open pit pipeline of production of Exploration c. 115,000 oz Licences since p.a. gold by Q4 2007 in joint 17 venture with respected Saudi partner Location of KEFI’s c.1,500 km2
Slide 5: Saudi Arabia (KEFI 40%) Large Exploration Portfolio
Saudi Arabia (KEFI 40%) Large Exploration Portfolio Jibal Qutman Hawiah • 0.7 Moz gold resource • Potential for very large defined at Jibal Qutman Cu-Au-Zn orebody • Evaluating low-cost, • Gossan horizon extends heap-leach treatment of 6 km oxide ore • Trenching indicates gold • Low capex & quick st
Slide 6: Ethiopia: Building the Tulu Kapi Gold Mine
Ethiopia Building the Tulu Kapi Gold Mine Ethiopia: Attractive fiscal • Thriving economy environment: • Government actively • 20-year Mining boosting mining sector Licence • Prospective country with • 5% Government free- limited modern carried equity in exploration project • Rapidly improving • 7% r
Slide 7: Tulu Kapi History
Tulu Kapi History 2013: • Previous owners had spent >$50 million on drilling and studies • Development plan required capex of US$289 million • KEFI acquired 75% for $10/ounce of Ore Reserves 2014: • KEFI transformed project economics by reducing development capex and unit costs, thus reducing risk a
Slide 8: Improved Project Metrics Flowing from KEFI's Work with Technical Experts and Contractors
Improved Project Metrics Flowing from KEFI’s Work with Technical Experts and Project Previous 2015 Contractors Current Owner DFS Plan Projected capex and working capex US$289M US$130M US$120M Projected funding requirement after adding N.A N.A US$145M finance costs & cost-overrun facility Net project
Slide 9: Tulu Kapi Open Pit Metrics
Tulu Kapi Open Pit Metrics Project Physicals Waste/ore ratio 7.5:1.0 Processing rate 1.5Mtpa Total ore processed 15.4Mt Average head grade 2.1g/t gold Gold recoveries 93% Annual steady-state gold 115,000 ounces production Total Life of Mine gold 980,000 ounces production Simple CIL processing and op
Slide 10: Tulu Kapi Open Pit Financials
Tulu Kapi Open Pit Financials Project Financials @ US$1,250/oz Targeted Sources of All-in Sustaining Costs US$745/oz US$145M Development All-in Costs (incl initial capex) US$852/oz Funding Required Average annual EBITDA US$51M Net Cash after Debt Repayment (LOM) US$278M Net Cash after Debt Repayment
Slide 11: High-Grade Gold Below Tulu Kapi Open For Future Underground Development
High-Grade Gold Below Tulu Kapi Open For Future Underground Developm S NE W Open pit contains Ore Reserve 15.4Mt @2.12g/t Au, containing 1.05Moz Mineable resource outside open pit 1.3Mt @ 5.2g/t Au containing 220Koz Gold mineralisation open at depth, along Resource blocks strike and down below open
Slide 12: Tulu Kapi Preliminary Economics of Underground Mine
Tulu Kapi Preliminary Economics of Underground Mine • Thick, high-grade gold zones below open pit • Underground mineable resource = 1.3Mt @ 5.2g/t • Preliminary studies based on current resource only show: • Open Pit + Underground production ≈ 150,000 ozs p.a. over 4 years • Additional NPV (8%) ≈ US
Slide 13: Key Milestones
Key Milestones Tulu Kapi, Ethiopia Jibal Qutman and Hawiah, Saudi Arabia 2016: 2016: • FEED stage of development - Completed • Jibal Qutman – submit Mining Licence • PEA on underground mine - Completed Application • Complete financing, start construction • Hawiah – start drilling to test large Cu-Au
Slide 14: Contacts
CONTACTS Harry Anagnostaras-Adams, Executive Chairman Mobile: +357 99457843 Jeff Rayner, Exploration Director Wayne Nicoletto, Head of Operations England - Registered office Cyprus - Group corporate team Ethiopia - Development and exploration teams Saudi Arabia - Exploration team Turkey - Support Em