Corporate Member

KEFI Gold and Copper is developing new gold and copper projects in the highly prospective Arabian Nubian Shield, in both Ethiopia and Saudi Arabia, and is close to initiating full construction at its high grade Tulu Kapi Gold project in Ethiopia, which is expected to deliver 160,000oz/year in the first full year of production.

Key Features :

1: KEFI’s flagship project, Tulu Kapi, in Ethiopia, is a fully permitted, shovel ready gold mining project now in the final throes of completing a significant project-level financing package. Tulu Kapi has reserves of 1.05 million ounces and mineral resources totaling 1.7 million ounces. Planned gold production at Tulu Kapi is forecast to start at 160,000oz per year from the open pit. AISC are expected to be US$1000-1100/oz over the initial 7 years of mining the open pit. With an average reserve grade of 2.1g/t, it is one of the highest grade undeveloped open pit gold projects in Africa.

2: Finance package almost complete – A $340 million Project Finance package expected to be finalized in September 2025, with full construction to begin shortly afterwards.

3: Strong regional position in the Arabian-Nubian Shield area, including KEFI discoveries in Saudi Arabia (in the GMCO JV) where the gold-equivalent metal content is currently c3.8 million ounces, in two advanced level projects. The geology of the Arabian-Nubian Shield is increasingly becoming recognized as one of the best under-explored regions of the world for gold and other metals. Other mines in the region include the Sukari gold mine in Egypt (recently subject of a takeover by AngloGold of Centamin), Ethiopia's Kurmuk project, being built now by Allied Gold, Lege Dembi under MIDROC and Tulu Kapi under KEFI. Others include the Bisha polymetallic VMS mine in Eritrea, the Mhad Adh Dhahab gold mine and Jabal Sayid copper mine in Saudi Arabia. Ivanhoe, Barrick, Newmont, ERG, Hancock Prospecting and Perseus have entered the shield recently.

6: Attractive Valuation – Market cap is c. USD100 million which is c. 10% of NPV (at a gold price of $3,000/oz) on the Tulu Kapi project alone; not including the company's other assets (such as its valuable interests in advanced stage mining projects in Saudi Arabia).

Website for more information : www.kefi-goldandcopper.com