Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

KEFI Minerals Plc.

Publié le 07 juin 2016

Kefi Minerals 2015 Annual Report

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter

Kefi Minerals 2015 Annual Report

d605e77f-5cf5-4d52-bb95-1ebffba088c4.pdf

KEFI MINERALS PLC

(All amounts in GBP thousands unless otherwise stated)

E M E R G I N G G O L D M I N E R‌‌‌‌‌‌

ANNUAL REPORT 2015

KEFI Minerals Plc ANNUAL REPORT 2015 Page 1‌‌‌‌‌

ANNUAL REPORT 2015

Table of Contents

Highlights of 2015 2

Executive Chairman's Report 3

Robust Gold Project - Tulu Kapi 3

Oxide Gold Project - Jibal Qutman 5

Outlook 5

Exploration Director's Report 6

Ethiopia - Further Potential at Tulu Kapi 6

Saudi Arabia - Adding to Project Pipeline at Jibal Qutman and Hawiah 6

Focus on Arabian-Nubian Shield 7

Chief Operating Officer's Report 8

Sustainability Activities for the Tulu Kapi Project 10

Ethiopia 12

Tulu Kapi - Background 12

Tulu Kapi - Permits and Mining Agreement 13

Tulu Kapi - Geology 13

Tulu Kapi - Resources and Reserves 14

Tulu Kapi - Definitive Feasibility Study and Subsequent Optimisation 14

Tulu Kapi - Development 15

Tulu Kapi - Potential for Underground Mine 16

Tulu Kapi - Regional Exploration Potential 17

Saudi Arabia 18

Saudi Arabia - Jibal Qutman 19

Saudi Arabia - Hawiah 22

Saudi Arabia - Exploration Licence Applications 25

Glossary and Abbreviations 26

Competent Person Statement 27

Strategic Report, Directors' Report and Consolidated Financial Statements 29

Highlights of 2015

(Includes post-period highlights in early 2016)

Ethiopia - Progressing Tulu Kapi into development

February 2015 - Updated Mineral Resource of 20.2Mt at 2.65g/t gold, containing 1.72 million ounces. April 2015 - Mining Agreement signed and Mining Licence granted.

April 2015 - Updated Probable Ore Reserve of 15.4Mt at 2.12g/t gold, containing 1.05 million ounces. June 2015 - Definitive Feasibility Study completed.

October 2015 - Appointed mining contractor and process plant construction contractor. December 2015 - Preferred finance syndicate selected

Ethiopia - Optimising Tulu Kapi open-pit production

December 2015 - Feedback from project contractors, financiers and partners was incorporated into an improved project development plan:

  • Increased forecast production to 115,000 ounces per year at All-in Sustaining Costs of US$746/oz

  • Projected net operating cash flow has increased to US$58 million per annum at US$1,250/oz

  • After-tax NPV (8% discount rate) of US$153 million (c. £96 million) at commencement of construction.

    Ethiopia - Defining further value

    March 2016 - Completed preliminary economic assessment ("PEA") of Tulu Kapi's underground mining potential:

  • Based on the 2014 Mineral Resource, the underground mining inventory of 1.3Mt at 5.17g/t gold adds

  • 50,000 ounces p.a. over four years.

  • Identified exploration potential for tripling the current 330,000 ounce underground Mineral Resource to

  • 1 million ounces.

Saudi Arabia

April 2015 - Geophysics delineated strongly conductive zones below 6-km long gossan at Hawiah.

May 2015 - PEA confirmed sufficient oxide gold resource for heap leach development at Jibal Qutman.

Corporate

May 2016 - KEFI received formal confirmation from the Government of Ethiopia of its commitment to invest equity capital of US$20 million in Tulu Kapi.

June 2016 - Tulu Kapi funding requirement reduced to an estimated US$130 million.

June 2016 - Finance plan now based on project equity of US$20 million from the Government of Ethiopia, project debt of US$95 million and residual US$15 million to be optimised in Q3-16.

Executive Chairman's Report

Our assets provide a healthy platform to deliver shareholder value by developing profitable mines in Ethiopia and Saudi Arabia.

During 2015, KEFI Minerals made substantial progress towards becoming a gold producer and continued to make discoveries in one of the world's great under-developed minerals provinces - the Arabian-Nubian Shield ("ANS").

We work closely with a first-tier syndicate for Tulu Kapi's construction, mining and financing. Accordingly, our Tulu Kapi Gold Project remains on track for construction commencement in late 2016 and to start production commissioning towards the end of 2017. Initial open-pit gold production is projected at 115,000 ounces per annum. Tulu Kapi's Ore Reserves of

  1. million ounces and Mineral Resources of 1.7 million ounces have significant upside potential.

    At our Jibal Qutman Gold Project in Saudi Arabia, we are at the stage of submitting the Mining Licence Application for the planned heap-leach operation.

    The robust economics of KEFI Minerals' two development projects are clear from the following table:

    Tulu Kapi

    Jibal Qutman

    Project Stage

    Funding

    PEA

    Gold Production

    Ounces per annum

    115,000

    30,000

    All-in Sustaining Costs ("AISC")

    US$/oz

    746

    600

    Operating Margin

    US$/oz

    504

    650

    Operating Margin

    US$ million per annum

    58

    19

    Operating Margin

    %

    40%

    52%

    All-in Costs ("AIC")

    US$/oz

    869

    815

    Project Margin

    US$/oz

    381

    435

    Initial Life-of-Mine Production

    Ounces

    980,000

    139,000

    Project Margin - Life of Mine

    US$ million

    373

    59

    Project Margin

    %

    30%

    35%

    Initial Capital Payback

    Years

    Note: the above parameters are based on a gold price of US$1,250/oz. AISC and AIC are per the World Gold Council Standard. The AIC includes each project's initial capital and excludes financing costs and income taxes.

    The above metrics demonstrate that:

    • The AISC/oz place both projects in the bottom cost quartile of existing gold producers;

    • Strong margins provide substantial annual cash flows;

    • Both projects can comfortably debt-fund the majority of the initial capital required; and

    • Both projects rapidly repay the initial capital.

      Both of these development projects are surrounded by exciting potential for further growth through exploration.

      Robust Gold Project - Tulu Kapi

      Great strides have been made over the past year to optimise Tulu Kapi and progress this project towards development. Our team has significantly reduced the anticipated capital expenditure, increased the head grade of gold-bearing ore and improved estimated project returns.

      Progress over the past year includes:

    • An updated Ore Reserve which included a high-grade portion of 12.0 million tonnes at 2.52g/t gold, containing

      0.98 million ounces;

    • Completion of the 2015 Definitive Feasibility Study ("2015 DFS") in mid-2015;

    • Independent technical experts reviewing the DFS on behalf of potential financiers;

    • Mining contractor and processing plant construction contractor selection; and

    • Refinement of the 2015 DFS costs and mine plan.

Lire la suite de l'article sur www.publicnow.com

KEFI Minerals Plc.

EXPLORATEUR
CODE : KEFI.L
ISIN : GB00B1HNYB75
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

KEFI est une société d’exploration minière d'or et de cuivre basée au Royaume-Uni.

Son principal projet en exploration est ARTVIN en Turquie.

KEFI est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 214,9 millions GBX (257,1 millions US$, 225,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 21 janvier 2011 à 9,85 GBX, et son plus bas niveau récent le 06 septembre 2019 à 0,19 GBX.

KEFI possède 332 702 973 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Rapports annuels de KEFI Minerals Plc.
Annual Report 2007
Financements de KEFI Minerals Plc.
27/07/2016has raised Euro 3.8 million
Rapports Financiers de KEFI Minerals Plc.
11/04/2016FIRST QUARTER 2016 OPERATIONAL UPDATE
31/12/2015Fourth Quarter 2015 Operational Update
19/10/2015Third Quarter 2015 Operational Update
28/09/2015Tulu Kapi Funding Update and Interim Results for the Half-Ye...
Projets de KEFI Minerals Plc.
03/06/2011exploration property sales and final results
Communiqués de Presse de KEFI Minerals Plc.
10/08/2017Reduced Funding Requirement
19/09/2016Investor Briefings
29/07/2016Total Voting Rights
13/07/2016Restructure For Develpment of Tulu Kapi
30/06/2016Result of AGM
07/06/2016Kefi Minerals 2015 Annual Report
07/06/2016Kefi Minerals Notice of AGM
07/06/2016KEFI Minerals Proxy
07/06/2016Appointment of Preferred EPC Contractor
02/06/2016Reduced Tulu Kapi Funding Requirements Replacement
25/04/2016KEFI at UK Investor Show
14/04/2016Electronic Communication
14/04/2016Letter to Shareholders re Electronic Communications
08/04/2016Holding(s) in Company
31/03/2016Total Voting Rights
31/12/2015Happy New Year 2016
30/12/2015Fourth Quarter 2015 Operational Update
14/12/2015Holding(s) in Company
19/10/2015Holding in Company
14/10/2015Appointment of Tulu Kapi Mine Contractor
05/10/2015Progress at Jibal Qutman, Saudi Arabia
28/09/2015Tulu Kapi Funding Update and Interim Results for the Half-Ye...
09/09/2015Update on Tulu Kapi Gold Project Financing
28/08/2015KEFI Presenting at Africa Down Under Conference
17/08/2015Contracting and Financing on Schedule, Tulu Kapi Gold Projec...
27/07/2015Director Dealing
17/07/2015Final Bidding Triggered for Project Contractors, Tulu Kapi G...
03/07/2015Director Share Purchase
01/07/2015Total Voting Rights
01/07/2015Second Quarter 2015 Operational Update
29/06/2015KEFI Presenting At Mining Capital Conference
24/06/2015Completion Of 2015 DFS & Development Funding Plan
19/06/2015New Investment – Kefi Minerals Plc
16/06/2015Conditional Placing to Raise £2.9 Million
16/06/2015Result of AGM
15/06/2015Chairman’s AGM Statement
22/04/2015Tulu Kapi Ore Reserve Statement
20/04/2015UPDATE ON PROJECT FINANCING AND DFS FOR TULU KAPI
13/04/2015KEFI Granted Mining Licence
09/04/2015KEFI - Webinar and UK Investor Show
07/04/2015Exploration Update at Hawiah - Saudi Arabia
01/04/2015First Quarter 2015 Operational Update
23/03/2015Grant of Share Options
18/03/2015Director Share Purchase
17/03/2015Financing Update
16/03/2015Tulu Kapi Update
04/03/2015EXPLORATION UPDATE - SAUDI ARABIA
26/02/2015Update on final tranche of placing
25/02/2015Appointment of Head of Operations
10/02/2015KEFI Presenting at Mining Indaba
10/02/2015Tulu Kapi Resource Update
10/02/2015Quarterly Update
15/10/2014QUARTERLY OPERATIONAL UPDATE
27/03/201427 March 2014 Share Option Scheme Approved
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
LSE (KEFI.L)
0,646-0.92%
LSE
GBX 0,646
02/06 17:21 -0,010
-0,92%
Cours préc. Ouverture
0,652 0,678
Bas haut
0,630 0,678
Année b/h Var. YTD
0,646 -  1,05 -10,90%
52 sem. b/h var. 52 sem.
0,530 -  1,05 -7,32%
Volume var. 1 mois
16 175 754 -27,74%
24hGold TrendPower© : -17
Produit
Développe
Recherche Gold
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2023-12,70%1,040,65
2022-6,33%1,470,46
2021-58,85%2,470,75
202044,36%2,400,51
2019-15,82%2,290,19
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,44 AU$+1,29%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
8,08 US$+1,64%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,65 GBX-0,92%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,08 CA$-31,82%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
1,86 CA$-1,59%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
10,07 CA$+4,57%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$-4,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,25 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,93 CA$-2,53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
48,53 US$+3,74%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$-3,45%Trend Power :