Mid-Tier Road Map slide image

Mid-Tier Road Map

KEFI GOLD + COPPER Hawiah Project Working Towards PFS Q4-2022 Hawlah project - Long section of the 2021 block model coloured by $NSR value Crossroads Extension kold &minerals" NSR Value per block (USD$) >-$120 $100-120 $80-100 Crossroads Lode Facing East 564 BO 564 500m 5000m strike Central zone MRE as reported by SRK (UK) Consulting -December 2021 Note 1 Resource Price = $9200 copper, $3,000 zinc, $1820 gold and $25 silver Note 2 NSR recoveries based on NSR cost of $54/t and recoveries or 92% copper, 71% zinc, 74% gold and 84% silver. Camp Lode 590m vertical depth Plunge 00 Looking East 0 500 1000 1500 2020 Estimated Value based on internal PEA Financial Model MRE 2021 MRE Initial Capital (US$ million) 171 159 NPV (8%) 2020 CMF 12 141 G&M Base 171 354 2020 CMF 5 2.2 G&M Base 3 <2 Planning scenario based on a 2 Mtpa open pit and underground mining operation with an estimated mine life of 11 years. Processing will use conventional floatation and SART processing for copper & zinc and Merrill Crowe for precious metals. ESIA and Groundwater studies well advanced NPV (8%) Payback (Years) Payback (Years) Delivery Cost US$/AU Equi Oz Metal Prices (US$) CMF 2020 G&M Base Dec-21 Cu 6500 8400 9750 Zn 2100 2500 3590 Au 1350 1600 1830 Ag 19 24 23 6.0
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