KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — Investor Presentation (August 2021)
26 slides from KEFI Gold and Copper's investor presentation, Aug 25, 2021
Slide 1: Corporate Update
KEFI GOLD + COPPER Corporate Update 25 August 2021 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: Tulu Kapi Gold Project - Financing
KEFI GOLD + COPPER Tulu Kapi Gold Project - Financing Key points of KEFI’s announcement on 23 August 2021 were: • Funding sources expanded for Tulu Kapi Gold Project, to cater for anticipated capex inflation over the past 18 months since estimates from two consecutive reviews by independent experts
Slide 4: Business Highlights
KEFI GOLD + COPPER Business Highlights Tuku Kapi (Gold), Ethiopia: • KEFI beneficial interest expected to be c. 70%, up from 45% expected in 2020, significantly value accretive Hawiah (Copper-Gold), Saudi Arabia: KEFI • At AGM in 2020, KEFI had yet to report Maiden Resources at Hawiah. Now have done
Slide 5: Corporate Overview
KEFI GOLD + COPPER Corporate Overview Summary Summary • KEFI was until recently grassroots explorer and is now an explorer, developer and AIM code KEFI hands-on operator of mining joint ventures with influential and strong local partners in the Arabian-Nubian Shield Share price - 12 mth 1.41p (low)/
Slide 6: Pursues Significant Value Generation
KEFI GOLD + COPPER KEFI Pursues Significant Value Generation EV per oz of planned or actual production • KEFI is trading at ~US$447/oz planned production versus >US$2,600/oz for producers • KEFI is trading at just US$45/oz on measured and indicated resources and US$30/oz including inferred resources
Slide 7: Organisation and Funding Structure
Organisation and Funding Structure KEFI GOLD + COPPER Final Requirements and Allocations being finalised within Consortium Existing and Future Ethiopian Subsidiaries Shareholder of International Groups to Fund Expansion $45M KEFI Gold and Copper plc 34% 100% 100% G&M KEFI Ethiopia Saudi Arabia ~70%
Slide 8: Proposed Financings at Tulu Kapi and Discovery of Hawiah Indicate Significant Value
Proposed Financings at Tulu Kapi KEFI GOLD + COPPER and Discovery of Hawiah Indicate Significant Value for KEFI Assumed Long-Term Metal Price $1,500/oz Au, $1,591/oz Au, $1780/oz Au, exchange rate US$1.37:GB£1.00 $3/lb Cu, $3.25/lb Cu, $4.30/lb Cu, $1/lb Zn, $1.09/lb Zn, $1.37/lb Zn, $15/oz Ag $21/o
Slide 9: Some of the Companies Now Active in Arabian Nubian Shield
Some of the Companies Now Active in KEFI GOLD + COPPER Arabian Nubian Shield International Progress Association for Mining in Ethiopia Chairman is KEFI and contact is Harry Anagnostaras-Adams
Slide 10: Ethiopian Projects
KEFI GOLD + COPPER Ethiopian Projects 10
Slide 11: Tulu Kapi Mineral Resources and Ore Reserves
KEFI GOLD + COPPER Tulu Kapi Mineral Resources and Ore Reserves Resource Tonnes Gold Contained Gold Area Category (millions) (g/t) (million ounces) Indicated Above 17.7 2.49 1.42 Inferred 1,400 metres 1.3 2.05 0.08 Sub-Total RL 19.0 2.46 1.50 Indicated Below 1.1 5.63 0.20 Inferred 1,400 metres 0.1 6
Slide 12: Tulu Kapi Process Plant
Tulu Kapi KEFI GOLD + COPPER Process Plant 3-D Image Construction Schedule: Q3-21: Final contracts for plant & mine Q4-21: Resettlement and Procurement Q1-22: Bulk Earth Works Commence Q2-22: Process Plant Construction Start Q1-23: Pre-commission Activities Start Q2-23: Mining Commences Q3-23: First
Slide 13: 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 14: 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 15: Tulu Kapi Gold Project in Oromia Region
KEFI GOLD + COPPER Tulu Kapi Gold Project in Oromia Region First modern mine in Ethiopia; construction ready Governments of Ethiopia and Region of Oromia own c.20% including 5% free carry interest Located in largest gold district, which has been mining gold since antiquity Main industry in the area
Slide 16: Tulu Kapi District Exploration Potential
KEFI GOLD + COPPER Tulu Kapi District Exploration Potential • 1,120 km2 highly prospective exploration area reserved for KEFI Ethiopia (100% KEFI) • 24km of mineralised strike identified along two trends parallel to the Tulu Kapi Trend • Within trucking distance of Tulu Kapi plant • High-grade gold
Slide 17: Saudi Arabian Projects
KEFI GOLD + COPPER Saudi Arabian Projects 17
Slide 18: Hawiah Drilling activities
KEFI GOLD + COPPER Hawiah Drilling activities 18
Slide 19: Continued Expansion of the Hawiah Deposit
KEFI Continued Expansion of the Hawiah Deposit GOLD + COPPER Hawiah is a World Class VMS Project • Hawiah is held through the KEFI-ARTAR JV (G&M): KEFI is the operator and owns 34% • Located in the Wadi Bidah Mineral District, a 120 km VMS belt hosting >20 known deposits • Maiden resource of 19.3Mt
Slide 20: Key Hawiah 2020 PEA Outcomes
KEFI GOLD + COPPER Key Hawiah 2020 PEA Outcomes Summary of PEA Economics (Base case, August 2020 metal prices) • High priority VMS project to be advanced via Ore Processing Rate 2.0Mtpa further drilling, met testwork and studies Life of Mine 7 years Average Operating Costs - Annual $79M p.a. • Minin
Slide 21: Hawiah – Project moving to PFS stage
KEFI Hawiah – Project moving to PFS stage GOLD + COPPER • Drilling has targeted a 4.5Km long gossanous ridgeline now defined into the main areas; Camp Lode, Central Zone and Crossroads Lode • Three mineralisation zones identified: oxide zone near surface with supergene gold enrichment, a transition
Slide 22: Hawiah Key Drill Intercepts
KEFI GOLD + COPPER Hawiah Key Drill Intercepts • Good copper grades throughout the Camp Lode and appears to be increasing down plunge • Latest drilling confirms the Crossroads Lode remains open at depth Downhole Estimated true Mineralisation Hole ID Total Depth From (m) To (m) Cu % Zn % Au g/t Ag g/
Slide 23: Hawiah Long Section
KEFI GOLD + COPPER Hawiah Long Section Looking East 6km For further information, refer to the KEFI announcement dated 24 August 2021. 23
Slide 24: Hawiah Cross Sections Looking North
KEFI GOLD + COPPER Hawiah Cross Sections Looking North Good Correlation between Holes Crossroads Lode Camp Lode 24
Slide 25: Jibal Qutman Maiden Mineral Resources
KEFI GOLD + COPPER Jibal Qutman Maiden Mineral Resources Mesothermal or orogenic quartz vein hosted gold deposit located in the Asir Terrane in the central southern region of the Arabia-Nubian Shield, ~110km east northeast of Bisha City Category Tonnes Gold Contained Gold (millions) (g/t) ('000 ounc
Slide 26: Thank You
KEFI GOLD + COPPER Thank You Drilling at the Hawiah Camp Lode Email: [email protected] @kefiminerals KEFI Gold and Copper Website: www.kefi-minerals.com 26
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