Kefi Gold And Copper Plc · LSE:KEFI
Kefi Gold And Copper — Investor Presentation (March 2022)
31 slides from Kefi Gold And Copper's investor presentation, Mar 15, 2022
Slide 1: Investor Presentation 15 March 2022
KEFI GOLD + COPPER Investor Presentation 15 March 2022 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: An Early-Mover in the Arabian Nubian Shield
Corporate Overview KEFI GOLD + COPPER An Early-Mover In the Arabian Nubian Shield Summary Summary • KEFI operates of large exploration and development joint ventures with strong local partners in the Arabian-Nubian Shield, with most funding being sourced at project level AIM code KEFI Share price -
Slide 4: KEFI's Advanced Open Pit Projects
KEFI GOLD + COPPER KEFI’s 3 Advanced Open Pit Projects Tulu Kapi Development + Expand Resource Jibal Qutman Development + Expand Resource Hawiah Development + Expand Resource Hawiah Copper-Gold_Zinc-Silver, starts at 136Koz Au-eq Jibal Qutman Gold Production starting at 35K oz pa Tulu Kapi Gold Prod
Slide 5: KEFI's Board of Directors
KEFI GOLD + COPPER KEFI’s Board of Directors 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, investment company Pilatus Capital, Australian Gold Counc
Slide 6: KEFI's Senior Management
KEFI KEFI’s Senior Management Executive Chairman and Finance Director GOLD + COPPER Plus…. David Munro - Operations Eddy Solbrandt – Ethiopia Brian Hosking – Saudi Arabia Norman Green – Development David began his career as a mining engineer Plus People & Systems plus Planning & Exploration Norman i
Slide 7: Some of the Companies Now Active in Arabian Nubian Shield
KEFI GOLD + COPPER Some of the Companies Now Active in Arabian Nubian Shield
Slide 8: Identified Funding Structure
commitments are made on a non-binding basis commitments are made on a non-binding basis KEFI GOLD + COPPER Identified Funding Structure Existing and Future Ethiopian Subsidiaries Shareholder of International Groups to Fund Expansion $35M KEFI Gold and Copper plc 30% 100% 100% 70% G&M ARTAR KEFI Ethi
Slide 9: NPV's to KEFI of the Development Projects
KEFI GOLD + COPPER NPV’s to KEFI of the Development Projects Net Present Value for KEFI at Hawiah Jibal Qutman Total Issued Pence Per 31 December 2021 Metal Prices: NPV NPV NPV NPV Shares Share 30/06/2020 £114 mill 0 0 £114 mill 1,867 mill 6 31/12/2020 £164 mill £80 mill 0 £244 mill 2,137 mill 11 30
Slide 10: Ethiopian Projects
KEFI GOLD + COPPER Ethiopian Projects 10
Slide 11: Asset Overview - Ethiopia
KEFI GOLD + COPPER Asset Overview - Ethiopia Tulu Kapi (Gold), Ethiopia (expected 70% interest) • +1Moz in reserve at 2.1g/t with an additional 0.7Moz in resource; Average resource grade of 2.7g/t KEFI • Potential at depth, with average grades above 5.7g/t. Regional exploration opportunities at part
Slide 12: Recent Developments & The Plan
KEFI GOLD + COPPER Recent Developments & The Plan August 2021: • Sourced expanded funding syndicate for US$356M, mainly at subsidiary level • KEFI estimates this will enable it to keep c. 70% ownership of TKGM, rather than prior estimates of 45% September 2021 to January 2022: • Temporarily paused P
Slide 13: Tulu Kapi Process Plant 3-D Image
Tulu Kapi KEFI GOLD + COPPER Process Plant 3-D Image 13
Slide 14: Tulu Kapi Open Pit and Deeps
Tulu Kapi Open Pit KEFI GOLD + COPPER Tulu Kapi Deeps Resource grades are 2.46g/t Au for open pit and 5.69g/t Au for the underground The average grade of ore processed will be increased when the two sources are blended A DFS on mining the deeps is planned during construction Mineralisation below the
Slide 15: Tulu Kapi Open at Depth
KEFI GOLD + COPPER Tulu Kapi Open at Depth TKBH_293: 90m @ 2.8g/t Au TKBH_125 intersected mineralisation 140m down- plunge; interpreted to be east of main UG shoot Underground resource potential estimated 1M oz
Slide 16: Tulu Kapi Economic Metrics
Tulu Kapi Economic Metrics KEFI GOLD + COPPER At Gold Price US$1,591/oz Based on Open Pit Ore Reserves Only 2021 Plan • AISC include all operating costs, maintenance capital and royalties 8-year LOM (contract mining) • Royalties increase with the gold price and therefore so does AISC Waste:ore ratio
Slide 17: Gold and Minerals LLC Company & projects overview
KEFI GOLD + COPPER Gold and Minerals LLC Company & projects overview
Slide 18: Asset Overview - Saudi Arabia
KEFI GOLD + COPPER Asset Overview-Saudi Arabia Hawiah (Copper-Gold), Saudi Arabia (KEFI c.30%): • Resource is now 24.9 million tonnes with contained in-situ metal value of US$4 billion (31 Dec 2021 metal prices) • As a scale-comparison with the Tulu Kapi Gold Project, Hawiah’s recoverable metal is e
Slide 19: Mission
KEFI GOLD + COPPER Mission To discover gold and base metals projects in the Kingdom of Saudi Arabia and to develop and operate these projects in a safe and environmentally responsible manner for the benefit of our shareholders and local communities. Explore and Develop and Operate and Discover Build
Slide 20: Corporate Structure
KEFI GOLD + COPPER Corporate Structure 30% 70% Regional Jibal Qutman Hawiah VMS Exploration Gold Project Project Projects
Slide 21: Regional Exploration Projects
KEFI GOLD + COPPER Regional Exploration Projects Qunnah-Hilit (2) Umm Ash-Shalaheeb (1) Jadid Al Qahtanah (1) Hawiah 3 EL + (3) Al Miyah Jibal Qutman MLA + 4 JQ ELAs (3) (4) Lorelon (5) G&M (ARTAR) holds 3 exploration licence and a further 19 applications (ELA’s) covering 1380 Km2
Slide 22: Jibal Qutman Gold Project
Jibal Qutman Gold Project KEFI GOLD + COPPER In the Nabitah-Tathlith Belt ASIR Province • Current resource of 28 Mt containing 733k gold oz (grade 0.8g/t). Based on this G&M submitted a mining licence application in 2016. • The mining licence application has been stalled due to the introduction of t
Slide 23: Jibal Qutman Gold Project
KEFI GOLD + COPPER Jibal Qutman Gold Project • The Jibal Qutman Project 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.
Slide 24: Jibal Qutman Gold Project Expansion
KEFI GOLD + COPPER Jibal Qutman Gold Project Expansion • The Mining Licence area covers 26 Km2 and in addition to this G&M has a further 5 associated exploration licences covering an area of 400 Km2 under application. • Within this area there are several ancient workings and prospects for gold and g
Slide 25: Jibal Qutman Geology and Resource
Jibal Qutman KEFI GOLD + COPPER Geology and Resource • JQ is a typical shear hosted orogenic gold deposit with comprising a weathered oxide cap and lower un- weathered ore body. • There are currently 7 recognised zones of mineralization • Resource drilling has so far only been explored to a depth of
Slide 26: Jibal Qutman - Development Schedule
KEFI Jibal Qutman -Development Schedule GOLD + COPPER when Mining Licence Lodged in 2016 Mine Metrics • Mining 1 Mtpa • Production 20k oz pa Infill Drilling and Final Resource Jan 1 - Jun 1 • Average Op Cost c. US$600/oz Environmental Studies and Permits Jan 1 - Jun 30 • Initial capital US$38M Optim
Slide 27: The Hawiah Project in the Wadih-Bidah Belt
The Hawiah Project KEFI GOLD + COPPER in the Wadih-Bidah Belt Makkah Province A major greenfield discovery made in September 2019. A three (3) year 42,000m drilling programme has so far delineated a total mineral resource of 24.9 Mt (0.9% copper, 0.85% zinc, 0.62 /t gold and 9.81 g/t silver) Hawiah
Slide 28: Hawiah Project Resource Statement and Classification
KEFI GOLD + COPPER Hawiah Project Resource Statement and Classification 2020 2021 Total Resource 19.3 24.9 • Current Cost per Gold Equivalent discovery Oz ~ Cu Grade (%) 0.9 0.9 Au Grade (g/t) 0.6 0.62 US$6 Indicated Resource 0 10.9 Inferred Inferred Resource 19.3 14.0 Open Pit Resource 0.1 8.4 • Op
Slide 29: Hawiah Project Working Towards PFS Q4-2022
Hawiah Project KEFI GOLD + COPPER Working Towards PFS Q4-2022 MRE as reported by SRK (UK) Consulting -December 2021 Note 1 Resource Price = $9200 copper, $3,000 zinc, $1820 gold and $25 silver Note 2 NSR recoveries based on NSR cost of $54/t and recoveries or 92% copper, 71% zinc, 74% gold and 84% s
Slide 30: Our Objectives for 2022
KEFI GOLD + COPPER Our Objectives for 2022 Hawiah Project • Upgrade and expand the Oxide Resource • Explore the Central Zone of the Hawiah Ridge line • Produce a Maiden MRE for the Al Godeyer Prospect • Complete the Hawiah PFS ready for a ML application by Q4 2022. JQ Project • Continue to work clos
Slide 31: Thank You
KEFI GOLD + COPPER Thank You Email: info@kefi-minerals.com @kefiminerals KEFI Minerals plc Website: www.kefi-minerals.com 31
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