KEFI Gold and Copper PLC · LSE:KEFI
KEFI Gold and Copper — KEFI Minerals — Mining on Top Conference Geneva 2018
21 slides from KEFI Gold and Copper's conference presentation, Jul 2, 2018
Slide 1: First modern mine planned for Ethiopia: Tulu Kapi Gold Mine
MINING ON TOP CONFERENCE GENEVA, 2 JULY 2018 First modern mine planned for Ethiopia: Tulu Kapi Gold Mine 1
Slide 2: Company Overview
COMPANY OVERVIEW AIM listed KEFI Minerals plc (KEFI) is focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield (ANS) area. KEFI’s vision is to be a dividend-paying high-growth mining leader in the ANS. Shares on issue 553M Market Capitalisation at 2.5p £14M N
Slide 3: Ethiopia
ETHIOPIA • ~100M people in a fertile country the size of France+Spain, about half the size of W. Australia • Stable, never colonised base of African Union and UN Economic Commission for North Africa • One of ony two countries to satisfy the United Nations Millenium Developmental Goals • World’s Top
Slide 4: KEFI's History in Ethiopia
KEFI’s HISTORY IN ETHIOPIA • 10 years up to 2014, when KEFI took control: exploration and engineering designs at a cost of c. $50M • 2015: KEFI Finance Plans approved by Central Bank and then all Plans approved by Council of Ministers • 2016: KEFI appointed specialist contractors for development of
Slide 5: TKGM – Corporate Structure
TKGM – Corporate Structure Institutions Board/Mgt/Contractors Other Shareholders 35% 15% 50% Ausdrill KEFI Minerals plc Mining Services Contractor c. 70% c. 30% KEFI Local Investors Ethiopia $30M Lycopodium c. 77% Process Plant Construction & Operations support Tula Kapi Gold Mines c. 23% Govt. of E
Slide 6: Lycopodium and Ausdrill
LYCOPODIUM and AUSDRILL INFRASTRUCTURE AND MINING CONTRACTOR Lycopodium is mainly African-based, having built 57 gold plants and worked in over 20 African countries over a period of over 20 years. it has also worked in Australia, Asia and Europe. Ausdrill / African Mining Services has developed a ma
Slide 7: KEFI/TKGM and the Community
KEFI/TKGM and the Community • KME/TKGM has already provided a local school and water wells • Majority local employment of current site teams • Extensive consultation, as co-ordinated by Woreda, for resettlement compensation and actual move • Facilitated selection of new host lands from 17 alternativ
Slide 8: Management
MANAGEMENT • DIRECTORS, COMPANY SECRETARY AND LEGAL ADVISER OF TKGM: o DIRECTORS REPRESENTING KME: • HARRY ANAGNOSTARAS-ADAMS (CHAIR) • WAYNE NICOLLETO (MANAGING DIRECTOR) • Dr KEBEDE HAILU BELETE (COUNTRY MANAGER-TKGM) o DIRECTORS REPRESENTING MINISTRY OF FINANCE & ECONOMIC COPPERATION: • Dr MULUGE
Slide 9: Appendices
Appendices View a video summarising KME/TKGM’s projects in Ethiopia: http://www.kefi-minerals.com/news/videos/2018/03/kefi-minerals-ethiopia 9
Slide 10: Tula Kapi Gold Project
Tula Kapi Gold Project The Tulu Kapi project lies 360 km due west of Ethiopian capital, Addis Ababa. Access is via a sealed road and the site benefits from main electricity grid access within 50km of the project. Tula Kapi has a probable ore reserve of 1.05Moz and mineral resources totalling 1.72Moz
Slide 11: Tulu Kapi's Timetable
TULU KAPI’S TIMETABLE Intense exploration Selected Plant and Mine Mandated finance Start mining and Significant net cash drilling and specialised contractors after 2 close for 2018, commission mine and generated for detailed engineering consecutive tenders with appointed senior plant. exploration, d
Slide 12: Case Study: Benefits of Tulu Kapi Mining Project to Ethiopia
CASE STUDY: BENEFITS OF TULU KAPI MINING PROJECT TO ETHIOPIA Mining is a long-term activity and has high social impact Mining represents c.20% of Africa’s economic activity and minerals are the continent’s second-largest export category TULU KAPI – THE BENEFITS First major foreign investment Ethiopi
Slide 13: Tula Kapi - Resources & Reserves
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 (g/t) (millions) (g/t) (Moz) prominent hills of intrusive rocks and deeply incised valleys hosting both High grade 0.90
Slide 14: Tulu Kapi Gold Project Overview of Post-DFS Refinements
Tulu Kapi Gold Project Overview of Post-DFS Refinements 2018 Plan Agreed with Contractors & Financier As part of the due diligence for financing, KEFI has agreed the 2018 Plan with the preferred financier and contractors. 2018 Plan compared with most recent DFS Whilst resources and reserves and the
Slide 15: Tulu Kapi – Underground Potential
Tulu Kapi – Underground Potential Gold mineralisation may extend both beneath the current drilling, and 600m to 800m further to the north – potential for 1 Moz below current open pit. • Base Case Internal PEA on the August 2014 resource of 1.45Mt at 6.3g/t (333koz contained gold) extends beyond curr
Slide 16: Exploration Upside
Exploration Upside KEFI is well positioned to capitalize through to 2020 on its excellent portfolio of Ethiopian exploration projects whilst the Tulu Kapi Project undergoes concurrent development. KEFI has an area set aside in principle by Government, for exploration of prospects within trucking dis
Slide 17: Opportunities for Satellite Deposits
Opportunities for Satellite Deposits District Exploration Opportunities KEFI can quickly add to Tulu Kapi open-pit gold production by developing: • Potential for oxide ore in a series of shallow open-pits (40m depth) along the more than 9km of Komto-Guji Belt, all within trucking distance of planned
Slide 18: Saudi Arabian Projects
Saudi Arabian Projects A 40/60 joint venture with Saudi conglomerate ARTAR View a video summarising KEFI’s projects in Saudi Arabia here 18
Slide 19: The Arabian-Nubian Shield
THE ARABIAN-NUBIAN SHIELD The Arabian-Nubian Shield (ANS) is an exposure of Precambrian crystalline rocks on the flanks of the Red Sea. Geographically the ANS includes Israel, Jordan, Egypt, Saudi Arabia, Sudan, Eritrea, Ethiopia, Yemen, and Somalia. The ANS is believed to be the next major explorat
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: Tenement Locations in the Arabian Shield
Tenement Locations in the Arabian Shield 0.6Moz +1Moz +40Mt at 2.4% Cu +6Moz G&M JV +3Moz 1 MLA +0.5Moz 1 EL +3Moz 17 ELAs +3Moz 4 ELAs pending Total ≈1,275km2 21