KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — KEFI Minerals — Investor Presentation (June 2020)
33 slides from KEFI Gold and Copper's investor presentation, Jun 19, 2020
Slide 1: Pole Position in Highly Prospective Arabian Nubian Shield
Pole Position in Highly Prospective Arabian Nubian Shield Focused on Progressive Ethiopia and Saudi Arabia • Tulu Kapi Gold Mine in Ethiopia started long-lead development Q1-20 • Production targeted at 140 K oz p.a. for 8 years from 2022 • Potential uplift to 200 K oz p.a. from underground and satel
Slide 2: Disclaimer
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 give, have g
Slide 3: Social, Economic and Other Benefits
Social, Economic and Other Benefits GOVERNMENT GROWTH • Company Tax • Immediate Foreign Direct Investment • Tenement Rental • Exports of US$-generating product • Royalties • Multiplier 7-10 on local operational spending • PAYE Taxes; VAT MACRO DIRECT BENEFITS BENEFITS LOCALS AS INVESTORS • Dividends
Slide 4: Minerals Sectors Growing in the Arabian Nubian Shield
Minerals Sectors Growing in the Arabian Nubian Shield - and now especially in Ethiopia and Saudi Arabia • Notable start-ups of the past decade in the Arabian Nubian Shield: o Egypt: Sukari 13M oz gold Mineral Resources and 500K oz pa (16 t Au pa) production (Centamin) o Sudan: artisanal gold product
Slide 5: Corporate Overview
Corporate Overview Summary Summary (1) • KEFI was until recently grassroots explorer and is now an explorer, AIM code KEFI developer and hands-on operator of mining joint ventures for influential Share price - 12 mth 0.6p (low)/2.2p (high) and strong local partners in the Arabian Nubian Shield. Shar
Slide 6: KEFI Financing Structure
KEFI Financing Structure Maximising Local Partnership Senior Banks Appointed Last Brick in the Wall is Next…Subordinated Debt/Offtake KEFI Minerals plc 34% 80% 20% Private G&M KEFI Ethiopia Equity/Sub-debt** Saudi Arabia $91M 66% 56% * 22% * Artar Tula Kapi Gold Saudi Arabia Mines (TKGM) 22% * Lycop
Slide 7: KEFI's Board of Directors
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 Council, EMED Mining, KE
Slide 8: KEFI's Senior Management
KEFI’s Senior Management Executive Chairman and Finance Director Plus…. David Munro - Operations Eddy Solbrandt – People & Systems Brian Hosking – Planning & Exploration Norman Green – Development David began his career as a mining engineer in Eddy began his career in the mining industry in Brian be
Slide 9: Ethiopian Projects
Ethiopian Projects View a video summarising KEFI’s projects in Ethiopia here 9
Slide 10: Why Ethiopia Now?
Why Ethiopia Now? • Ethiopia is the base for the African Union and well-serviced for all needs. • In the world’s top 10 growth countries for over 15 years. Now Africa’s highest growth country. • New Government led by PM Dr Abiy Ahmed is peaceful response to pressure for change. • Far-reaching progre
Slide 11: The pace of change in Ethiopia has been so fast
The pace of change in Ethiopia has been so fast since Dr Abiy Ahmed became Prime Minister it is almost like observing a different country – BBC BBC: The reforms he has introduced were unthinkable not so long ago. The (previous) government seemed impervious to criticism from human rights groups that
Slide 12: Why Ethiopia - Economics
Why Ethiopia - Economics • The Government’s focus is now on the economy. When Ethiopia commits...it happens: • Ethiopian Airlines, Renaissance Dam, Industrial Parks. • Now for pushing the extractive industries as well as the deregulating other sectors. • Ethiopia is the single largest part of Canada
Slide 13: Industry Progress Initiative
Industry Progress Initiative • Ethiopia low in Fraser Survey - recent political upheaval plus a need for regulatory streamlining. • The Government has recognised this and has triggered far-reaching change: • Commitment to regulatory improvement...CIRDI (Canadian International Resources Development I
Slide 14: Ethiopia's Tulu Kapi Gold Project
AAMEG 17 JUNE 2020 Ethiopia’s Tulu Kapi Gold Project Tulu Kapi is the only ‘ready to start’ industrial-scale mining project. The first development for decades. Located in largest gold district. Gold mining since Queen of Sheba. In a quiet coffee-growing district, away from any security hot-spots. Tu
Slide 15: Tula Kapi Gold Project History
Tula Kapi Gold Project History Project Timeline • 1930s Discovered and mined on a small scale by an Italian consortium • 2009 Nyota Minerals Limited acquired the licences and undertook extensive exploration and drilling • 2012 Nyota Minerals publish an initial DFS based on a 2.0 Mtpa processing plan
Slide 16: Tula Kapi - Resources & Reserves (JORC 2012)
Tula Kapi - Resources & Reserves (JORC 2012) Geological Overview Reserves Cut-off Tonnage Gold Grade Cont. Gold • The Tulu Kapi region comprises typical greenstone characterised by prominent (g/t) (millions) (g/t) (Moz) hills of intrusive rocks and deeply incised valleys hosting both metasediments H
Slide 17: Tulu Kapi's Underground Potential
Tulu Kapi’s Underground Potential View looking East 17
Slide 18: Independent Validation
Independent Validation Due Diligence Financial Model Environmental & Social Bankable Open Pit (JORC 2012) Definitive Feasibility Study • Ore Reserve 1.0M oz (15M t at 2.1g/t) • 91-94% recovery Resources & • DFS Annual production 140,000 oz pa Reserves • AISC US$800-900/oz • EBITDA ~ US$79-128M @ $14
Slide 19: Thank You
THANK YOU Community consultation before development starts at Tulu Kapi Email: [email protected] Website: www.kefi-minerals.com @kefiminerals KEFI Minerals plc 19
Slide 20: KEFI in Saudi Arabia
KEFI in Saudi Arabia ARTAR Partnership – Gold and Minerals Ltd (G&M) Joint Venture • KEFI has been active in Saudi Arabia since 2008 and is partnered with ARTAR, a leading locally owned industrial group • Saudi Arabia is instituting policies to encourage minerals exploration and development, resulti
Slide 21: Why Saudi Arabia Now?
Why Saudi Arabia Now? ArabNews - 10 June 2020: New mining proclamation. The Saudi Cabinet on Tuesday approved a new mining investment law that aims to revolutionize the Kingdom’s mining and metals industry, and boost local and foreign investments in the sector. The new law will facilitate the establ
Slide 22: Hawiah Discovery
Hawiah Discovery Copper-zinc-gold-silver VMS deposit Saudi Arabia 22
Slide 23: Hawiah Overview
Hawiah Overview Hawiah – Flagship Project in Saudi Arabia • Copper-zinc-gold-silver Volcanic Massive Sulphide ("VMS") deposit • Recently completed diamond drilling programme comprising 69 holes • Drilling identified three separate lodes for potential mining • VMS deposit remains open at depth below
Slide 24: Hawiah Drilling Outcomes
Hawiah Drilling Outcomes Results from first 59 diamond holes: • Camp Lode: 1.2% Cu, 0.9% Zn, 0.6g/t Au, 10g/t Ag over average true width of 7.5m to 300m depth • Crossroads Lodes: 1.0% Cu, 0.9% Zn, 0.6g/t Au, 11g/t Ag over average true width of 5m to 350m depth • Crossroads Extension: Assay results a
Slide 25: Oblique Section Looking NE
Oblique Section Looking NE Drilling intercepted several massive sulphide lodes over > 4km 25
Slide 26: Long Section Looking East
Long Section Looking East Long section showing extent of VMS mineralisation as currently identified and defined 26
Slide 27: Cross Sections Looking North
Cross Sections Looking North Showing Good Correlation between Holes Camp Lode Crossroads Lode 27
Slide 28: Hawiah Background
Hawiah Background The Hawiah prospect is located in the southwest of the Arabian Shield, within the Wadi Bidah Mineral Belt (WBMB). • 95 km2 exploration license • 5.5km-long gossanous ridgeline at surface containing secondary copper minerals and enriched in gold • In 2015 first-pass trenching progra
Slide 29: Safety Briefing Panorama of Hawiah Gossan
Safety Briefing Panorama of Hawiah Gossan 29
Slide 30: Sampling Hawiah Gossan
Sampling Hawiah Gossan Sampling a trench for petrographic analysis Inset picture shows copper minerals in gossan - malachite and azurite 30
Slide 31: Geological Mapping and Surveying
Geological Mapping and Surveying 31
Slide 32: Drill Core Logging and SGS Core Shed
Drill Core Logging and SGS Core Shed 32
Slide 33: Hawiah to be rapidly advanced towards development
Hawiah to be rapidly advanced towards development Email: [email protected] @kefiminerals KEFI Minerals plc Website: www.kefi-minerals.com 33