KEFI Gold And Copper (KEFI) AGM 2026 presentation summary

Key AGM resolutions and voting outcomes

• All ordinary and special resolutions, including board appointments and auditor reappointment, passed with strong majorities, with most receiving over 90% approval from shareholders.

• Amendment to borrowing limits and disapplication of pre-emption rights were also approved, supporting future financial flexibility.

Shareholder concerns and company responses

• Shareholders emphasized minimizing dilutive funding, especially as the company transitions from exploration to development.

• Calls for clearer board and management structuring, including succession planning and splitting chairman/CEO roles.

• Requests for more transparency on senior management remuneration and incentives, and for expanding board diversity and experience.

Funding strategy and financial performance

• Shift from reliance on share placings to alternative financing forms post-exploration, with $341M arranged from non-dilutive sources in 2025-2026.

• Market capitalization and share price have significantly increased since January 2025, outperforming sector indices.

• Tulu Kapi project NPV estimated at $1.1–2.4B at gold prices of $3,000–5,000/oz.