KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — Investor Presentation (January 2022)
27 slides from KEFI Gold and Copper's investor presentation, Jan 10, 2022
Slide 1: Investor Presentation Webinar 10 January 2022
KEFI GOLD + COPPER Investor Presentation Webinar 10 January 2022 Quarterly Report Q4 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: Corporate Overview
KEFI GOLD + COPPER Corporate Overview Highlighting Impact of Placing Proposed for Approval 13 January 2022 Summary Summary • KEFI started as a grassroots explorer funded via AIM and is now the operator of large AIM code KEFI exploration and development joint ventures with strong local partners in th
Slide 4: 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 • Potential at depth, with average grades above 5.7g/t. Regional exploration opportunities KEFI • Full
Slide 5: Asset Overview - Saudi Arabia
KEFI GOLD + COPPER Asset Overview-Saudi Arabia Hawiah (Copper-Gold), Saudi Arabia (c.30%): • Resource is now 24.9 million tonnes and contained in-situ metal is now US$4 billion at 31 December 2021 metal prices • As a scale-comparison with the Tulu Kapi Gold Project, Hawiah’s recoverable metal is est
Slide 6: NPVs to KEFI of the Development Projects
KEFI GOLD + COPPER NPV’s to KEFI of the Development Projects Tulu Kapi Hawiah Jibal Qutman Total Issued Pence Per NPV NPV NPV NPV Shares Share Net Present Value for KEFI 30 June 20 £114 mill N.A N.A £114 mill 1,867 mill 6 31 Dec 20 £164 mill £80 mill N.A £244 mill 1,876 mill 13 30 June 21 £191 mill
Slide 7: 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 $45M KEFI Gold and Copper plc 31.5% 100% 100% G&M KEFI Ethiopia Sau
Slide 8: 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 9: KEFI's Senior Management
KEFI’s Senior Management KEFI GOLD + COPPER 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 B
Slide 10: Some of the Companies Now Active in Arabian Nubian Shield
Some of the Companies Now Active in KEFI GOLD + COPPER Arabian Nubian Shield
Slide 11: Ethiopian Projects
KEFI GOLD + COPPER Ethiopian Projects 11
Slide 12: Recent Developments – Financing & Launch
KEFI GOLD + COPPER Recent Developments – Financing & Launch • August 2021: • Planned funding sources including non-binding expanded to 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 and October
Slide 13: 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) Waste:ore ratio 7.4:1.0 • Royalties increase with the gold price and therefore so d
Slide 14: 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 15: Tulu Kapi Process Plant
Tulu Kapi KEFI GOLD + COPPER Process Plant 3-D Image Adjusted Construction Schedule: End-21: Final contracts for plant & mine Q1-22: Resettlement and Procurement Q2-22: Bulk Earth Works Commence Q4-22: Process Plant Construction Start Q1-23: Pre-commission Activities Start Q4-23: Mining and Some Com
Slide 16: 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 17: 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 18: 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 19: Saudi Arabian Projects
KEFI GOLD + COPPER Saudi Arabian Projects 19
Slide 20: Hawiah – Project in PFS stage
KEFI GOLD + COPPER Hawiah – Project in PFS stage • Hawiah is held through the KEFI-ARTAR JV (G&M): KEFI is the operator and owns c.31.5% • Located in the Wadi Bidah Mineral District, a 120 km VMS belt hosting >20 known deposits • Drilling has targeted a 5Km long gossanous ridgeline now defined into
Slide 21: Hawiah Copper-Gold Project Recent Developments – MRE and PFS
Hawiah Copper-Gold Project KEFI GOLD + COPPER Recent Developments – MRE and PFS • Hawiah Mineral Resource Estimate (MRE) has increased by 5.6 million tonnes (“Mt”) to 24.9 Mt at 0.90% copper, 0.85% zinc, 0.62 g/t gold and 9.81 g/t silver - a tonnage increase of 29% • The total contained metal conten
Slide 22: 2021 Hawiah Drilling Increased Understanding of Metal Values
2021 Hawiah Drilling has Increased the KEFI GOLD + COPPER Understanding of Metal Values As Distributed Within the Deposit For further information, refer to KEFI announcement dated 10 November 2021. 22
Slide 23: 2021 Hawiah Drilling Upgraded 10Mt of Resources
2021 Hawiah Drilling has Upgraded 10Mt of KEFI the Resources from Inferred to Indicated GOLD + COPPER And Increased the Open Pit Shells to over 8Mt For further information, refer to KEFI announcement dated 10 November 2021. 23
Slide 24: Hawiah's Central Area Remains Relatively Untested
Hawiah’s Central Area KEFI GOLD + COPPER Remains Relatively Untested For further information, refer to KEFI announcement dated 10 November 2021. 24
Slide 25: Hawiah is a World Class VMS Project
KEFI GOLD + COPPER Hawiah is a World Class VMS Project Jan 22 Updated Mineral Resource Estimate Mineral Grade Metal Content Million Resource Mining Material Tonnes Classification Type Type Cu Zn Au Ag Cu Zn Au Ag (Mt) Category (%) (%) (g/t) (g/t) (kt) (kt) (koz) (koz) Sub-Total Indicated Open-Pit AL
Slide 26: Jibal Qutman Mineral Resource Estimate
Jibal Qutman KEFI GOLD + COPPER Mineral Resource Estimate Mining Licence Pending 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 (mi
Slide 27: Thank You
KEFI GOLD + COPPER Thank You Email: [email protected] @kefiminerals KEFI Minerals plc Website: www.kefi-minerals.com 27
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