Investor Presentaiton

KEFI GOLD + COPPER Investor Highlights KEFI Gold and Copper Plc KEFI has a market cap of £23m versus portfolio NPV (1) of £348M (approx. 12 pence per share) NPV (1) for portfolio increased 3X since H1 2020 due to exploration and permitting success (Saudi) and expected greater interest in Tulu Kapi (Ethiopia) Estimated potential Net Operating Cash Flow (1) £137M (c. US$185M) per annum from the 3 development projects KEFI targets becoming a mid-tier producer with 3 projects in production by 2026, at a net production rate of 187Koz gold equivalent (155Koz of gold) Tulu Kapi Hawiah + Al Godeyer and Jibal Qutman • • • JORC Reserve of +1Moz @ 2.1g/t Au within total JORC Resource of 1.7Moz @ 2.7g/t Au Syndicate for US$356M CAPEX in place. Financial close expected mid-2022, enabling construction Target first production mid-2024 at initial rate of 140Koz pa and AISC of US$982/oz (1) from the open pit; then lift to 190Kpa pa by adding the underground KEFI net 70% interest would result in annual net operating cash flow of US$100M at 31 December 2021 gold price of US$1,830/oz or US$70M at US$1,591/oz gold price • . • JORC Resource of 24.9Mt @ 0.9% Cu and 0.62g/t Au (additional silver and zinc). Resource expansion ongoing. PFS target by end of 2022 Al Godeyer (Hawiah satellite): Licence awarded Dec 2021. Already analogous to Hawiah with geophysics, trenching and drilling Jibal Qutman: Progressing mining licence application. Targeting initial 35,000Koz pa production. OPEX sub $700/oz, CAPEX sub US$40M (KEFI $3M) All projects have Resources which remain open and with drill ready targets (1) At the metal prices current at 31 December 2021, as set out on Slide 5 3

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