Member Info for Robjm66

Https://www.bnnbloomberg.ca/saudi-s-new-mining-vehicle-picks-industry-veteran-as-first-ceo-1.2073275

https://www.swoknews.com/ap/business/mining-giant-anglo-american-to-break-up-its-sprawling-business-as-it-tries-to-fend/article_cd67670d-8ff9-5da7-9e4a-10a123b12a96.html (copper/Takeovers)

https://www.miragenews.com/copper-cant-be-mined-fast-enough-to-electrify-us-1235584/

https://au.finance.yahoo.com/news/vci-global-provides-preliminary-funding-120000821.html (Saudi mining/processing)

and the remaining amount, no less than US$200 million, is to be provided as 50% of the capital for the Midmetal HIsmelt plant. The remaining 50% funding for the Midmetal HIsmelt plant will be matched by the Saudi Investment Development Fund (“SIDF”).

https://www.mining-technology.com/news/magnum-midmetal-enter-shareholders/

“The Green Pig Iron-making facility, featuring HIsmelt technology, will leverage high-grade magnetite concentrate from Magnum’s Buena Vista Iron Project in Nevada, US, and mill waste from steel plants in the Arabian Gulf region.”

Saudi not only going to be a big mining country but going to be a big ore processing country which will be good for kefi especially its copper prospects.

/74505/tom-winnifrith-bearcast-on-the-one-hand-huge-congratulations-to-david-lenigas-but-on-the-other-hand-there-is-news-from-the-oracle

Https://www.msn.com/en-us/money/markets/why-the-world-has-gone-cuckoo-for-copper/ar-BB1mkVqu (Copper/Takeovers)

Heard it here first Plump will buy when its four pence Plus.

Call me cynical but the company still expects news this month or they would not RNS the Webinar. If they have the date really nailed down would make it the Monday or Tuesday before. Or if they are leaving themselves some days to be on the safe side maybe next week?

More broadly, the discovery at Asfingia changes the understanding of Jibal Qutman. Whereas previous work had focused on an 7km section in the original licence area, Gold and Minerals will now test the full 30km mineralised strike.

Management believes the quantity of dump material and the extent of more recent artisanal workings are encouraging signs of a significant, sub-cropping continuation of the gold system. Work by Gold and Minerals at the Jibal Qutman Southeast licence area in 2014 returned grades of up to 66.5 g/t gold in grab samples, and an average grade of 10.5 g/t across all 13 samples taken. Grab samples from the Jibal Qutman North licence area have returned grades of up to 4.1 g/t gold.

KEFI released a Pre-Feasibility Study for Hawiah in June 2023. This was based on existing resources, and demonstrated a post-tax NPV5 of US$301m. It seems likely that the substantial amount of recent drilling and the discovery at Abu Salal will ultimately result in an expanded resource, and a DFS based on a larger operation.

What’s not factored in?

Additional mineralisation at Tulu Kapi underground: Management estimates there is potential to triple the underground resource to about 1.0 Moz.

Tulu Kapi proximal areas: The area around Tulu Kapi hosts two NNE-trending structures that are similar to, and run parallel to, the Tulu Kapi trend.

Jibal Qutman potential expansion: So far, Gold and Minerals has explored approximately 7km of a 30km trend. The granting of additional licence areas in 2022, to the north and southeast of, and along strike of, the current project area, and the discovery of cross structures (for example at Asfingia) suggest there is substantial resource upside, and ultimately, the potential for greater production.

Hawiah and Al Godeyer resource expansion:

There has been a raft of M&A transactions in the African gold sector over the past 3-4 years, including four deals and bids at the end of last year Ø M&A activity has spread to beyond West Africa; since 2022, there have been deals in Sudan, Namibia and Tanzania Ø Deal based valuations reaffirm the incredible opportunity in KEFI shares

just ignore man u his women's team win something and he gets ****y

subscribers to new shares in tulu kapi gold mines (tkgm) including the

ethiopian ministry of finance, the oromia regional government, the ethiopian

evangelical church of mekane yesus (which helps align corporate and community interests), kefi minerals (ethiopia), the primary sponsor which provided all historical investment and assembled the development finance, and regional private equity financiers in kme and subscribers to kme loan instruments.

(local church still on board as is the regional and national governments)

In 2019, the Saudi Industrial Development Fund (SIDF) said it would provide loans for up to 75% of mining project costs, including for resource delineation. Given KEFI’s 25% stake in Gold and Minerals, KEFI’s equity stake in project capex could be as little as 6.25%. KEFI and its partner

have been approached by a number of investors looking to participate in the take-off in Saudi Arabia. Development funding in Saudi Arabia is unlikely to be dependent on what have for some years been weak public markets for junior miners.

Huge exploration portfolio: Having been awarded 14 new licences in the past couple of years, Gold and Minerals holds a substantial 1,035 km2 exploration portfolio across what can be classified as six highly prospective gold and polymetallic mineral project areas. All these areas have been mapped or sampled by Gold and Minerals, or by groups such as BRGM or USGS. The portfolio has already yielded the discovery at Abu Salal. Two new licences at Jibal Qutman offer the potential for resource growthalong strike from existing resources. Other licences cover four new project areas and represent new frontiers for KEFI. There is significant upside potential beyond that at Jibal Qutman and Hawiah.

With Tulu Kapi on the cusp of development and Saudi Arabia going full steam ahead, KEFI shares look incredibly cheap. That’s an opportunity for investors.

Hawiah is already a Top 100 VMS deposit globally by tonnage: It ranks as one of the three largest base metals projects in Saudi Arabia and is larger than Tulu Kapi in terms of contained metal value, despite only having been discovered recently. Gold and Minerals is currently undertaking a substantial 65,000m drill program, (mostly completed)

drilling has significantly extended the depth of known mineralisation at Crossroads Extension suggesting potential for further resource

growth. Further, KEFI announced a discovery at Abu Salal

Jibal Qutman set for increased production: Gold and Minerals’ 13,000m drill program, targeting some 7kms in the original discovery zone is nearing completion. This zone represents approximately one-quarter of the entire 30kms of strike length. Combined with the prospecting that has commenced across the remainder of the exploration licence areas,

the expectation is for a substantial increase in resources at Jibal Qutman.

Gold and Minerals also aims to undertake scout

drilling at the remaining relatively untested 23 kms of strike length.

Asfingia was discovered when Gold and Minerals was testing a

cross-fault off the main trend of mineralisation identified to date. The cross structures are prevalent across the whole of the 30km trend at Jibal Qutman, and these will be tested in upcoming drilling.

In reality, Tulu Kapi is likely to operate for 12 years or more. The open pit mine plan is still based on a cut-off grade of 0.5 g/t Au which was derived from a gold price of US$1,098/oz.

The underground contribution only includes material from the ore zones accessed whilst establishing underground drilling platforms to conduct extensional drilling on the down-plunge potential.

Further, the resource is open down plunge to the north;

The underground resource remains relatively underexplored. Expanding the underground resource would increase the blended grade being processed, and this would be expected to result in greater output, lower unit

costs, greater profitability, and a longer mine life.

KEFI looks compellingly cheap: Valuing Tulu Kapi as a development project at US$1,000/oz of attributable planned production, and Jibal Qutman and Hawiah on attributable resources at US$70/oz gold or gold-equivalent (AuEq), in line with peers, suggests a current valuation for KEFI of 2.9p/share, 4x the current share price. This is conservative; no value is attributed to the potential for more significant underground development at Tulu Kapi, to the vast exploration portfolio in Saudi Arabia, or to the fact that unlike most project developers,

KEFI is close to being funded into production. The market is not yet factoring in the regulatory turnarounds in Ethiopia and Saudi Arabia over the past couple of years. Assuming development of the two projects in Saudi Arabia is staggered, with development commencing after that of Tulu Kapi, then by early-2028, all three of KEFI’s current projects are expected to be in production. A four year valuation factors in attributable production of almost 260,000 oz gold and gold-equivalent pa, including 160,000 oz from Tulu Kapi. Valuing this at US$3,000/oz of production, which is typical for portfolios of African gold producers,

suggests a valuation of 5.9p/share. This is 8x the current share price.

Https://www.kefi-goldandcopper.com/files/files/Orior-Capital-KEFI-Research-Report-13May24.pdf

"A smaller but analogous polymetallic VMS mine is Al Masane which is in the same region in Saudi Arabia. That operation is owned by the publicly listed AMAK, which has a market capitalisation of over US$1 billion."

"https://amak.com.sa/?p=14089" UP if yo look At Amaks profits kefi likely to be a bigger company

"institutional investors" "Research group Orior Capital" those Orior reports are usually excellent with a lots of detail pretty busy today but will work my way through it sometime later today.

TK to refinance with conventional corporate finance during the early years of production...

INVESTOR BRIEFINGS AND WEBINAR

Institutional investor relations advisers 3PPB (contact details shown below) have commenced arranging briefings for institutional investors on request.

Research group Orior Capital is today publishing a research report on KEFI, which will be accessible from the KEFI website.

The quarterly open-forum webinar for all investors will be at 3pm London time, on Wednesday 22 May 2024.

"With a now-targeted KEFI beneficial ownership 80%, this represents net cash flow entitlement to KEFI of approximately £63 million (US$74 million) per annum over the first 9 years"

https://www.***************************/kefi-gold-and-copper-provides-operational-update-and-financing-progress-2/4121156254

Whoops wrong link previous post

KEFI now targets an elevated beneficial interest in TKGM of 80%. This was made possible by the change in the permissible capital ratio agreed with the Ethiopian central bank, combined with the lowering of the weighted average cost of debt finance by virtue of attracting more ERN demand as a result of the central bank approval of our exemptions from exchange and capital controls. A consequence of these refinements is the improvement in the estimated IRR for the investors of share capital into TKGM (KEFI and the Government);