African Pioneer Plc · LSE:AFP
African Pioneer — Investor Presentation (March 2023)
22 slides from African Pioneer's investor presentation, March 2023
Slide 1: Corporate Presentation March 2023
CORPORATE PRESENTATION MARCH 2023 WWW.AFRICANPIONEER.COM 1
Slide 2: Disclaimer
DISCLAIMER The information contained in this document, including any information and opinions contained or discussed in any accompanying oral presentation, question and answer session and any other materials distributed in connection with this document (the ‘Presentation’) has been prepared by or on
Slide 3: Board of Directors
BOARD OF DIRECTORS Colin Bird Executive Chairman Colin Bird is a chartered mining engineer with multi commodity mine management experience in Africa, Spain, Latin America and in the Middle East. He has been the prime mover in a number of public listings in the UK, Canada and South African and is cur
Slide 4: Mission Statement
MISSION STATEMENT 2023 – 2025 Mission Critical - Position the Company in the high demand copper arena - Position to generate cash and/or have large scale discovery potential - Focus on Southern Africa - Share risk and reward with major copper mining companies - Work closely with local entrepreneurs
Slide 5: African-Based Copper Projects
AFRICAN-BASED COPPER PROJECTS Region Project Status Zambia Western • Phase I drilling complete Cu Foreland & • Large anomalies delineated traditional Cu • Phase II drilling approved Belt • Significant on and near-surface potential AFP – FQM covering more than 30km strike length Option Agreement Nami
Slide 6: African Pioneer & First Quantum Minerals
AFRICAN PIONEER & FIRST QUANTUM MINERALS 6
Slide 7: First Quantum Minerals Option Agreement
FIRST QUANTUM MINERALS OPTION AGREEMENT Tenke Fungurume • “The Central African Copperbelt, … is the world's largest and highest- 177Mt @ 2.1% Cu grade sedimentary copper province, with approximately 200 Mt of contained copper and the world's largest cobalt reserves”. M. Hitzman et al January 2012 Ka
Slide 8: Central African Copperbelt FQM Option
CENTRAL AFRICAN COPPERBELT FQM OPTION • 7 near or at surface Cu in soil targets identified • Combined target strike length of > 45km with peak pXRF analyses ranging from 316 – 1,046ppm Cu in soil • Shallow percussion drilling intersected mineralisation with peaks of up to 3% Cu • Near-surface drill
Slide 9: Ongombo, Namibia (Cu – Au)
ONGOMBO, NAMIBIA (Cu - Au) P rionctr
Slide 10: Ongombo, Namibia (Cu – Au)
ONGOMBO, NAMIBIA (Cu – Au) • Namibia - 15km from Otjihase Cu – Au mine • Pre-mine development planning - Future combined UG and O/P operation • 25-year Mining Licence granted • ESIA near-completion East – Ost • JORC (2012) Mineral Resource Estimate Central Shoot • INDICATED: 10.4Mt @ 1.4% Cu & 0.35g
Slide 11: Ongombo Mineral Resource Estimate
ONGOMBO MINERAL RESOURCE ESTIMATE Resource Tonnes Cu Au Ag Category (Mt) (%) (g/t) (g/t) Indicated 10.4 Potential open pit Central Shoot 3.67 1.61 0.35 7.06 grade contours at >1%, 0.6% & 0.3% Ost/East Shoots 6.8 1.27 0.35 6.9 Cueq Total Indicated 10.4 1.4 0.35 7 Inferred 1.65 Central Shoot 0.39 1.38
Slide 12: Sandfire, Botswana (Cu)
SANDFIRE, BOTSWANA (Cu) 15% EQUITY SHAREHOLDER & OPTION HOLDER 12
Slide 13: Sandfire, Botswana (Cu)
SANDFIRE, BOTSWANA (Cu) • 4 exploration licences subject to a 2-year option • Total combined area of 1,091.8km2 • Signed 2 October 2021 • Sandfire paid US$500,000 cash & issued 107,272 Sandfire shares for the Option • Requirement to spend US$1 million on exploration • • 60% directly attributable to
Slide 14: Sandfire, Botswana – Work to Date
SANDFIRE, BOTSWANA – WORK TO DATE • PL101/2020 – Soil programme on-going • First batch of samples sent for assay • Further work pending end of Wet Season • Sandfire strategy focused on: • Production of 3D basin-scale litho-structural model and sub-basin mapping • Rank and test priority targets • Com
Slide 15: African Pioneer Investment Case
AFRICAN PIONEER INVESTMENT CASE - Compelling portfolio of advanced Cu projects with near-term development opportunities - Projects with scope for progression to larger resources and/or small mine development - Small mines to ultimately fund Company exploration - High quality Cu projects in a combina
Slide 16: Copper and Green Energy Transition
COPPER AND GREEN ENERGY TRANSITION 16
Slide 17: Green Energy Transition
GREEN ENERGY TRANSITION • Cu is essential to ALL energy transition plans • Energy Transition requires electrification on an unprecedented scale • Substitution and recycling will not meet the demands of EV’s, renewable power generation and power storage infrastructure • There is an urgent need to upg
Slide 18: Global Recognition of the Importance of Copper
GLOBAL RECOGNITION OF THE IMPORTANCE OF COPPER World Bank: “A low-carbon future will be very mineral intensive because clean energy technologies need more materials than fossil-fuel-based electricity generation technologies” IMF: “Striving to achieve net zero by 2050 is likely to spur unprecedented
Slide 19: Copper Demand
COPPER DEMAND • Global refined copper demand is projected to double from 25MMt in 2021 to nearly 49MMt in 2035 • Energy transition technologies will account for approximately half of the growth in demand • Cu production worldwide has never produced at the rate required to meet projected demand • Cu
Slide 20: Copper Supply Constraints
COPPER SUPPLY CONSTRAINTS • Rapid deployment globally of Energy Transition technologies will cause a huge surge in copper demand • Assuming aggressive capacity utilization rates and record recycling rates, refined copper demand will outstrip supply up to 2035 • The shortfall in Cu demand is projecte
Slide 21: Refined Copper Usage
REFINED COPPER USAGE • Growth in Cu demand will vary significantly by technology • During the period 2021 to 2035 Cu demand is projected to increase by 82% Sector demand during the same period: 2021 2035 Power and auto Sectors: 2.2MMtpa 9.3MMtpa Transmission/Distribution: 4.7MMtpa 7.5MMtpa Power Gen
Slide 22: Democracy Index 2021
DEMOCRACY INDEX 2021 • Information derived from Economist Intelligence Unit Democracy Index 2021* (“EIU”) annual report on democracy 10 9 8 • The Democracy Index provides a snapshot of the state 7 of democracy worldwide in 165 independent states 6 and two territories 5 4 • This covers almost the ent