Early stage project development with a significant margin ... … · Portfolio Corporate...

Q1 2019

Early stage project

development with a

significant margin for

growth

Corporate Presentation

Disclaimer

Corporate Presentation Q1 20191

These presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for any securities of

Katoro Gold plc (the “Company”) and they should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the

accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or buy securities in the Company. If any person is in doubt

as to the contents of this presentation, or wishes to obtain advice as to the investment merits of the Company’s securities, he should seek independent advice from

a person who is an authorised financial services provider.

No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completeness

or accuracy of such information. The information contained in these Slides and the accompanying verbal presentation is in the public domain, however no

representation or warranty, express or implied, is given by or on behalf of the Company, its advisors, shareholders, directors, officers or employees or any other

person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying verbal presentation, and no liability is

accepted for any such information or opinions (save that nothing in this disclaimer is intended to limit the liability of any party for its own fraud).

The Slides and their contents are directed only at persons who fall within the exemptions contained in Articles 19 and 49 of the Financial Services and Markets Act

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Statements made in the Slides and accompanying verbal presentation may include forward-looking statements that necessarily involve risks and uncertainties.

Forward-looking statements may generally be identified by the use of terminology such as “may”, “will”, ”expect”, ”intend”, “plan”, “estimate”, “anticipate”, “believe”,

or similar phrases. Other than statements of historical facts, all statements, including, among others, statements regarding the future financial position of the

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Important factors that could cause actual results to differ materially from these expectations including known and unknown risks. Undue reliance should not be

placed on these forward-looking statements.

Overview

• Strategy to unlock project value through cost effective operational management

• Long standing relationships with service providers, regulators and the government

• Looking to strengthen portfolio through acquiring complementary, value accretive mineral exploration opportunities


• AIM listed Tanzanian focused gold and mineral exploration company

• Three development projects:

IMWERULUBANDOHANETI

GoldGoldNickel, Gold, PGM

Strategy


UNLOCKING INNATE POTENTIAL TO GENERATE MATERIAL VALUE FOR SHAREHOLDERS

T H R E E H I G H L Y

P R O S P E C T I V E

P R O J E C T S

A L R E A D Y I N

D E V E L O P M E N T

P R O D UCTI O N

P R O G R E S S T O

P R O D U C T I O N I N

A N E F F I C I E N T A N D

C O S T - E F F E C T I V E

W A Y

E X P L O R ATI O N

U P G R A D E A N D

E X P L O R E E X I S T I N G

A S S E T S A N D

A C T I V E L Y S E E K

N E W P R O J E C T S

V A L U E

U N L O C K P R O J E C T

V A L U E I N

A D D I T I O N T O

F U R T H E R

A C Q U I S I T I O N S

D E V E L O P M E N T

Snapshot


SHARE PRICE PERFORMANCE

0.7P E N C E

S H A R E P R I C E

KEY DATA KEY SHAREHOLDERS

Stock Exchanges AIM: KAT

Shares in Issue 134,063,210

Warrants 1,208,333

12 month share price range 0.70-3p

Name Number of shares %

Kibo Energy Plc 67,602,564 50.4%

Pelamis Investments Ltd 6,166,667 4.6%

David Steinpreis 5,596,153 4.2%

Yakoub Yakoubov 4,900,000 3.7%

As at 08.01.19

£1.01M I L L I O N

M A R K E T C A P

0

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5/20

17

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17

23/0

9/20

17

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0/20

17

23/1

1/20

17

23/1

2/20

17

23/0

1/20

18

23/0

2/20

18

23/0

3/20

18

23/0

4/20

18

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18

Board and Management


▪ Over 25 years’ experience in business development, promotion and financing in both the public and private sectors

▪ Expertise in exploration and mining arena where he has founded, promoted and developed several junior mineral exploration

companies

▪ CEO of Kibo Energy plc (AIM and AltX listed). Louis has tertiary qualifications in law and languages, project management, supply chain

management and an MBA from Bond University (Australia) specialising in entrepreneurship and business planning and strategy

Louis CoetzeeExecutive Chairman

Louis ScheepersNon-Executive Director

Myles CampionNon-Executive Director

Paul DudleyNon-Executive Director

Tinus MareeNon-Executive Director

▪ Experienced project manager with more than 19 years’ experience of practical project development and execution in the mining

industry

▪ Experience in mineral exploration, feasibility studies and greenfield mining projects, spending much time in South, Central and East

Africa, as well as the Middle East

▪ Previous positions include CEO of Mzuri Exploration Services Ltd as well as the executive responsible for project development at TSX,

NYSE and JSE listed Great Basin Gold Ltd after completing a stint as mining consultant.

▪ Comprehensive background in all technical and financial facets of the resources sector, specialising internationally in resource

evaluation and project assessment

▪ 10-year career as an exploration and mine site geologist in Australia covering base metals and gold

▪ Holds a BSc (Hons) in Geology from University of Wales College, Cardiff and an MSc (MinEx) from the Royal School of Mines in

London, and also holds a Graduate Diploma of Business (Finance)

▪ Fellow of the Chartered Institute of Accountants of England and Wales and a Member of the UK’s Chartered Institute of Securities and

Investment

▪ Co-founded HD Capital Partners Ltd in 2010, a corporate advisory business that is authorised and regulated by the UK’s Financial

Conduct Authority and a Member Firm of the London Stock Exchange

▪ Acted as corporate finance adviser on numerous flotations, fundraisings and provided advice on takeovers and other transactions in

the private and public arena

▪ Lawyer by profession, served on the boards of numerous public companies including companies that have made significant successful

investments in exploration projects in Africa and North America

▪ Served as the CEO of private investment companies Rusaf Gold Limited and Mzuri Capital Group Limited, both of which have

developed and sold mineral projects in Russia and Tanzania in the last seven years

▪ Founding principal of River Group responsible for its Canadian office until his retirement from the group in 2013

Portfolio


▪ 6.78 Mt @ 1.1 g/t (239,870oz.)

▪ Early stage of development

▪ 70km East of Imweru

▪ 11.6Mt @ 1.38g/t (515,000oz.)

Definitive Mining Feasibility Study

Commenced

▪ Initial production target of 50,000oz.

▪ Life of Mine 7-10 years

▪ 100% ownership of 29 Mineral rights

covering approximately 4,300 sq. km

▪ 80km belt with grades up to:

▪ 13% Nickel

▪ 2.33 g/t of Platinum, Palladium

and Gold

LAKE VICTORIA

TANZANIA

IMWERU (AU)

LUBANDO (AU)

HANETI (NI,AU)

TANZANIA

Tanzania

▪ 7% economic growth in 2017

▪ Growing market economy

▪ Accelerated and simplified handling of investment

▪ Government support for mining projects and job creation

▪ Technical staff trained in various mining disciplines, abundant labour to support large projects

▪ Preferred FDI destination in East-Africa with an inflow of USD 1.36 billion in 2016

▪ The new Mining Act introduced in 2017 clearly defines the criteria for mining projects


Haneti

▪ Acquired in June 2018

▪ Situated 95 kms North of Tanzania’scapital city Dodoma

▪ 100% ownership of 29 mineral rights covering an area of approximately 4,300sq km

▪ Key target is an 80km long ultramafic belt with grades of up to 13% Nickel and 2.33 grams per tonne of Palladium and Gold

▪ Extensive work to date resulting in Nickel Sulphide and PGM drill targets

▪ Newly identified potential for lithium pegmatite and associatedelements of niobium and tantalum

▪ Recent geophysical interpretation work has identified significant extensions to Nickel Sulphide prospective target rock formations


N i c k e l p r i c e e x p e c t e d t o d o u b l e b y 2 0 2 2

d u e t o i n c r e a s e d d e m a n d b y t h e e l e c t r i c

v e h i c l e p r o d u c e r s *

PROJECT TENEMENTS & INFRASTRUCTURE

GEOPHYSICAL INTERPRETATION 2015

*Mining.com, 9 June 2018 http://www.mining.com/electric-vehicle-demand-will-double-nickel-price-soon-2022/

Lake Victoria Goldfields Projects


▪ Imweru and Lubando gold projects are located in the premier gold mining region in Northern

Tanzania and cover an area over 1,500 sq km

▪ Easy access to infrastructure including road, power, rail and airport

IMWERU• 515,000 oz @ 1.38 g/t

• 100% owned by Katoro Gold

LUBANDO• 239,870 oz @ 1.10 g/t

• 100% owned by Katoro Gold

MWANZA

Imweru

▪ 11.6MT @ 1.38g/t (515,000oz.)

▪ Initial production target of 50,000oz. per annum

▪ Extensive drilling programmes to date comprising of:

▪ 49,918 meters of rotary air blast drilling (‘RAB’)

▪ 1,858 meters of reverse circulation drilling (‘RC’)

▪ 2,825 meters of diamond drilling (‘DD’)

▪ Pay limit of 0.4 g/t for the open pit mine and 1.3g/t for the undergroundmaterial

▪ Subject to securing additional funding, plans to initiate production in 18-24 months

▪ Working to upgrade and expand Imweru to 1- million oz threshold

▪ Definitive Mining Feasibility Study underway

▪ Preliminary Economic Assessment established the potential to sustain the gold mine over 7-10 years


Imweru Gold Resource Statement


Area Material Mineral Resource Category Tonnes Density Au Au Au

Total Mt t/m3 g/t kg koz

Central

Laterite Indicated - - - - -

Saprolite Indicated 0.654 2.5 1.62 1,060 34.09

Sulphide Indicated 1.713 2.89 1.03 1,764 56.71

East Sulphide Indicated - - - - -

Total Indicated 2.367 2.7 1.19 2,824 90.8

Central

Laterite Inferred 0.413 2.5 2.9 1,199 38.54

Sulphide Inferred 0.56 2.5 1.68 942 30.27

Sulphide Inferred 7.615 2.89 1.18 8,952 287.83

East Sulphide Inferred 0.652 2.7 3.23 2,105 67.66

Total Inferred 9.24 2.72 1.43 13,197 424.31

Total 11.607 5.42 - 16,021 515.11

1. Gold content conversion: 1 kg = 32.15076 oz.

2. Columns may not add up due to rounding.

3. Pay Limit: 0.4 g/t to depth cut-off of 200 m, 1.3

g/t below 200 m depth cut-off.

4. The open pit depth cut-off utilised is 200 m.

5. Geological loss of 5 % has been applied.

6. All figures are in metric tonnes.

From Imweru Competent Persons’ Report- prepared by MINXCON (Pty) Limited, dated 10 March 2017

J O R C - c o m p l i a n t M i n e r a l R e s o u r c e e s t i m a t e

Visible Gold in Quartz in Laterite at Imweru

Lubando


▪ Located 70 km east from Imweru

▪ Mineral Resources stated at a 0.4g/t Au pay limit

▪ Dept cut off is 200m below surface

▪ Mineral Resources beneath 200m below ground have a pay limit if 1.3g/t

▪ Additional drilling is required both for infill for Mineral Resource upgrade purposes as well for lateral and depth extensions

▪ More diamond drilling necessary to gather additional geological information to improve confidence in the geological model interpretation

▪ Next stages of development:

▪ Pre-Feasibility Study

▪ Definitive Feasibility Study

▪ Environmental and Social Impact Assessment

Lubando Project location in Lake Victoria Goldfields

Lubando


Mineral Resource

CategoryArea

Cut-off

GradeTonnes Density Au Au Au

g/t Mt t/m3 g/t Kg koz

Inferred0 m to 200 m

Depth 0.40 6.737 2.91 1.09 7,343 236.10

Inferred >200 m Depth 1.30 0.040 3.02 2.90 117 3.78

Total Inferred 6.78 2.91 1.10 7,461 239.87

JORC-compliant mineral resource estimate

1. Gold content conversion: 1 kg = 32.15076 oz

2. Columns may not add up due torounding

3. Pay Limit: 0.4 g/t to depth cut-off of 200 m, 1.3 g/t below 200 m depth cut-off

4. The open pit depth cut-off utilised is 200 m

5. Geological loss of 5 % has beenapplied

6. All figures are in metric tonnes

REGIONAL GEOLOGY LOCATION

Katoro Lubando Licence Portfolio

From Lubando Competent Persons’ Report- prepared by MINXCON (Pty) Limited, dated 10 March 2017

Investment Case

14

Exposure to three high

potential exploration

projects

Attractive economics

- growing global

demand for Nickel

Excellent relationships

with governments &

local authorities

Able to easily comply

with the new Mining

Legislation when

production starts

Highly experienced

team Tanzania is a leading

FDI destination


Q3 201815

F I N A N C I A L P R / I R

S T B R I D E S P A R T N E R SI s a b e l d e S a l i s / G a b y J e n n e r

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6 0 G r a c e c h u r c h S t r e e t

L o n d o n E C 4 V 0 H R

U n i t e d K i n g d o m

K A T ORO GO L D P L C

www.katorogold .com

in fo@katorogold .com

mailto:[email protected]

mailto:[email protected]

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