Member Info for Robjm66

Man:Just his initials
Gregory:Haa

Too meek.

“Blessed are the cheese makers”

https://www.***************************/kefi-gold-and-copper-see-returns-of-significant-intercepts-as-drilling-continues/412956955

Focus is to extend the known mineralisation down-dip and down-plunge of the Camp Lode

Recent drilling has demonstrated that mineralisation extends down-plunge by 470m to the south of Camp Lode and remains open down-dip, down-plunge and along-strike

The focus of the current drilling programme, which is approximately 60% complete, is on wide-spaced drilling to extend the known mineralisation down-dip and down-plunge of the Camp Lode. The assay results received to date show that this objective is being successfully accomplished

The Camp Lode remains open with the southernmost drillhole (HWD-084) which intercepted 9.05m (6.0m estimated true width ("ETW")) of massive sulphide.

Not big enough lol big and getting bigger.

Early tomorrow morning but looks like they squeeze four competing mining companies into an hour in a kind of battle of the bands format with some mining experts (judges) picking a winner. Did not sign up for it as it looked a faf and would expect the winning company to post it up somewhere plus have the kefi webinar Monday anyway.

Do not know where you are going with this keley/Kelley village been there for years google maps not always that accurate with Ethiopia and has variable spelling of towns and villages which often do not register at all.

https://www.kefi-minerals.com/files/files/2015_TK_DFS_Complete_Final_Web.pdf

Page 23 25 72 499

https://www.kefi-minerals.com/files/files/lycopodium-tulu-kapi-2017-dfs-update-study-may17.pdf 18 113/103

https://www.kefi-minerals.com/files/presentations/kefi-corporate-presentation-jan21.pdf slide 6 company comparison.

Fevertreeman harry has actually hinted at stepping into a different role in the past but think he is looking to get at least TK over the line first and some solid progress in Saudi kinda of looking for a bit of a legacy first maybe.

A breakthrough in either country will have a good knock on effect on the perception of the company as a whole leading to a reassessment of all its project’s. The undervaluation compared to its competitors means a revaluation would lead to a rerate of the shares well in advance of any mine being built.

Fevertreeman I can agree that the share price is a fraction of what it would be if a large part of the market (wrong or right)did not think harry could make a success out of a project either in Ethiopia or Saudi. Flipside is when a project does turn out to be a success in either country due to what ever factor..gold price.. underlying strength of project...country launching mining sector..good geo team at Kefi...the harry factor evaporates, maybe goes into reverse he ends up the visionary that pioneered mining in two new sectors. Truth liable to be in the middle, meanwhile have we have much more potential upside here than normal.

https://www.miningweekly.com/article/tulu-kapi-financing-on-track-drilling-commences-at-hawiah-2021-01-25

https://www.kefi-minerals.com/files/presentations/kefi-corporate-presentation-jan21.pdf

Highlights of presentation (Ethiopia)

KEFI
GOLD + COPPER
Tuku Kapi (Gold), development project in Ethiopia:
• Consortium is executing action plans agreed in December 2020 for financial closing March 2021.
• Major works planned Q2-21, commissioning Q4-22 and open pit production 160Koz in 2023.
• Remain focused on production to ~190,000 oz pa by accelerating underground development to
Year 3 of open pit, to lift average grade (blending 2.1g/t open pit with 5.6g/t underground).
• KEFI now targets at least 65% ownership of TKGM.

Assumes no local private
sector investment alongside KEKI and Government.
• If local private sector participates KEFI will own c. 65%; if not, KEFI will own c. 75% of TKGM.
• Detailed documents in process for closing March 21.

Page 7 benefits to locals.

• TKGM would , if operating today, be the largest single export generator in Ethiopia.

This is a Public-Private-Partnership with the
Governments of Ethiopia and of Region of
Oromia to own c.20% including 5% free carry

• Three major roads to be constructed by
Ethiopian Roads Authority
o Keley to Tulu Kapi
o Southern Bypass
o North-Western Bypass

Quite a bit of detail emphasis on benefit to locals However “If local private sector participates KEFI will own c. 65%; if not, KEFI will own c. 75% of TKGM” so Kefi very likely to end up with bigger share.

Page 13 pictures from visit same as facebook mining minister

https://www.facebook.com/photo?fbid=4657423470995807&set=pcb.4657424340995720

The quarterly will be followed by a Q & A session Fevertreeman as you are a former fund manger I look forward to your questions.

Q: Will the company issue a quarterly report this month?
A: Yes, the company’s disclosure policy is to issue quarterly updates followed by “question and answer” webinars for shareholders and investment analysts.

Looking back one road built was built to resettlement area another road is in the process to be built to Tula Kapi “access road”. Were pictures of a new school in an article.

We’re some pictures of work being done January 24th 2019 on the kefi Twitter feed since then though kefi have been bit more shy about pictures of workers or anyone else on site including bankers and government officials. Even mining minister alluded to visit after it was completed on his social media late last year. Two bits on Q A covering this why not photos.

Previously tried to track down non African members of consortium from clues given but too many suspects.

Well against....

Already have two African banks and the banks have made a site visit that went well so why would Kefi need any other banks on board.

“ Two large African banks are Senior Lenders, East African Trade and Development Bank and African Finance Corporation.”

From Q A section “The consortium is stronger than ever” I took this as all consortium members are happy.

For....

both the banks you mentioned are South African https://en.wikipedia.org/wiki/Standard_Bank https://en.wikipedia.org/wiki/Investec

Could have joined the other two banks making the consortium “stronger” or could be thinking of joining or investing either in TK or in the new areas that would be awarded automatically on completion of TK deal.

That’s off the top of my head not enough info to properly weigh up and a lot would depend on the source of any rumour.

Even if Kefi got all the finance it needed for TK tomorrow it still going to need money in the future for the new areas in Ethiopia that would be awarded alongside the completion of the deal and any of the new areas it hopes to gain in Saudi now the new mining law is in place there.

https://twitter.com/kefiminerals/status/1351830653956980736

Harry Anagnostaras-Adams will join the line up of speakers at Mines and Money Online Connect. Register your free pass to listen to the presentation:

Https://hubs.ly/H0D1HnL0

Https://minesandmoney.com/online/

Https://minesandmoney.com/speakers/harry-anagnostaras-adams/

Https://minesandmoney.com/online/agenda/#day-3 8 AM GMT

Ok caught me out was being a bit tongue in cheek, though through Semarang Enterprises into Venus minerals harry is being a bit more successful than most people appreciate recently...

https://www.venusminerals.co/about/directors

https://www.investegate.co.uk/ariana-resources-plc--aau-/rns/2020-production-results-and-general-update/202101120700063018L/

“Notably we are expecting to increase the pace of our involvement in Venus Minerals, with the expectation that a diamond drilling programme at the Magellan Project can commence by Q2 2021;”

http://www.goldnews.com.cy/en/companies/cyprus-stands-to-gain-from-rising-demand-for-copper

https://www.globalminingreview.com/exploration-development/08122020/ariana-announces-increase-in-jorc-resources-at-magellan-project/

https://minesandmoney.com/speakers/harry-anagnostaras-adams/

Well if the rumour was true think Newmont is a more likely buyer as they are operating in Ethiopia already. Also could be one of its consortium partners so they already knew the potential of its projects that’s if....

Even if it was true I would likely vote against as I am here for big pay off which means at least waiting for TK go ahead, Hawiah increase, new areas in Ethiopia and Egypt think any approach before that would just be opportunistic I have had the pain now want the gain.