Mid-Tier Road Map
KEFI
GOLD + COPPER
Tulu Kapi Economic Metrics
At Gold Price US$1,591/oz
Based on Open Pit Ore Reserves Only
2021 Plan (8 year LOM contract mining)
Waste:ore ratio
7.4:1.0
.
1Moz in reserve at 2.1g/t within 1.7Moz resource at 2.7g/t
Processing rate
1.9-2.1Mtpa
Total ore processed
15.4Mt
•
AISC of US$826/oz includes all operating costs, maintenance capital and royalties
Avg. head grade
2.1g/t
·
Royalties increase with the gold price and therefore so does AISC
Gold recovery
93.3%
Annual steady state
140,000 ozs
•
Life of Mine ("LOM") is the time to mine the planned open pit only
production
Total LOM production
980,000 ozs
.
Gold production and net operating cash flow are for the first eight years
KEFI's targeted 70% beneficial interest in Tulu Kapi would represent a US$70M
annual interest in the underlying annual net operating cash flow of US$100M,
assuming a gold price of US$1,591/oz
AISIC
All in Costs (incl. initial
capex)
Avg. net operating CF
Payback
826/oz
1,048/oz
$100M p.a.
3 years
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