KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — Investor Presentation (November 2020)
23 slides from KEFI Gold and Copper's investor presentation, November 2020
Slide 1: KEFI Gold and Copper plc Corporate Presentation
KEFI GOLD + COPPER KEFI Gold and Copper plc Corporate Presentation November 2020 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, age
Slide 3: Highlights
KEFI GOLD + COPPER Highlights Tuku Kapi (Gold), Ethiopia: • Funding consortium completed for US$221M, subject to due diligence expected to be completed 4Q20. Consortium includes major industrial and commodity groups and African banks (see note 1 on Slide 12) KEFI • KEFI beneficial interest now expec
Slide 4: Corporate Overview
KEFI GOLD + COPPER Corporate Overview Summary Summary • KEFI was until recently grassroots explorer and is now an explorer, AIM code KEFI developer and hands-on operator of mining joint ventures with Share price - 12 mth 0.51p (low)/2.99p (high) influential and strong local partners in the Arabian-N
Slide 5: Pursues Significant Value Generation
KEFI GOLD + COPPER KEFI Pursues Significant Value Generation • KEFI is trading at ~US$400/oz planned EV per oz of planned or actual production production versus >US$3,000/oz for producers • KEFI is trading at just US$44/oz on measured and indicated resources and US$30/oz including inferred resources
Slide 6: Tulu Kapi Mineral Resources and Ore Reserves
Tulu Kapi Mineral Resources and KEFI GOLD + COPPER 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 7: Tulu Kapi Process Plant
KEFI GOLD + COPPER Tulu Kapi Process Plant 3-D Image Construction Schedule: Q4-20: Final contracts for plant & mine Q1-21: Resettlement >> Procurement >> Q2-21: Earthworks >> Q3-21 Process Plant >> Q2-22 Mining >> Q4-22 Commissioning 7
Slide 8: 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 9: 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 10: Tulu Kapi Gold Project in Oromia Region
Tulu Kapi Gold Project KEFI GOLD + COPPER 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 11: Tulu Kapi District Exploration Potential
Tulu Kapi District KEFI GOLD + COPPER 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 12: Organisation and Funding Structure
Organisation and Funding Structure KEFI GOLD + COPPER Final Requirements and Allocations being finalised within Consortium KEFI Gold and Copper plc 34% 100% Max. 93% G&M Min.7% Ethiopian Private. KEFI Ethiopia Shares in subsidiary Saudi Arabia Min. $10M ~78% Tulu Kapi Gold ~22% Ethiopian Govt. KEFI
Slide 13: Recent Financings at Tulu Kapi
KEFI GOLD + COPPER Recent Financings at Tulu Kapi Value Accretive to Shareholders • Tulu Kapi stake attributable to shareholders likely increased by one-third through financing • Including the acceleration of the underground development, production oz attributable to KEFI shareholders has essentiall
Slide 14: Saudi Arabian Projects
KEFI GOLD + COPPER Saudi Arabian Projects View a video summarising KEFI’s projects in Saudi Arabia here 14
Slide 15: Hawiah is a World Class Gold + Copper VMS Project
KEFI Hawiah is a World Class GOLD + COPPER 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 @ 0.9% Cu, 0.8% Zn, 0.6g/t Au and 10.3g/t
Slide 16: Key Hawiah PEA Outcomes
KEFI GOLD + COPPER Key Hawiah 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 • Mining – underground long-hole open stoping Average O
Slide 17: Hawiah - Further Drilling Likely to Increase Maiden Resource
Hawiah - Further Drilling Likely KEFI GOLD + COPPER to Increase Maiden Resource • Exploration focus has been under a 4.5km long gossan, drilled over 4.5km, to a depth of just 350m so far • Three mineralisation zones: oxide zone near surface with supergene gold enrichment, a transition zone with copp
Slide 18: Hawiah Key Drill Intercepts
KEFI GOLD + COPPER Hawiah Key Drill Intercepts • Good copper grades at depth at Camp Lode, and elevated gold near surface in Central area • Crossroads Extension contributed substantially to the maiden resource; adding resource at depth at Camp Lode expected to enhance the overall resource grade Hole
Slide 19: Hawiah Long Section
Hawiah Long Section KEFI GOLD + COPPER Looking East Long section showing extent of VMS mineralisation as currently identified and defined Strong Cu grades at depth in Crossroads and Camp Lodes 19
Slide 20: Hawiah Cross Sections Looking North
KEFI GOLD + COPPER Hawiah Cross Sections Looking North Showing Good Correlation between Holes Crossroads Lode Camp Lode So far, Hawiah has only been drilled to a depth of 350m 20
Slide 21: Hawiah Planned Drilling
KEFI GOLD + COPPER Hawiah Planned Drilling High-grade zones outside of resource to be targeted in next drilling phase 21
Slide 22: 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 23: KEFI Hawiah ridgeline with drill rig in background
KEFI Hawiah ridgeline with drill rig in background GOLD + COPPER Email: [email protected] @kefiminerals KEFI Minerals plc Website: www.kefi-minerals.com 23
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