KEFI Minerals boosts cash flow projections from Tulu Kapi in new study
KEFI Minerals has refined its feasibility numbers for the Tulu Kapi gold project
Company
LON:KEFI
KEFI Gold and Copper PLC is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The company is focused primarily on developing the advanced Tulu Kapi Gold Project in Ethiopia. KEFI has also been successful in Saudi Arabia where it has discovered and delineated gold resources at the Jibal Qutman Gold Project and copper-gold-zinc-silver resources at the Hawiah Copper-Zinc Project.
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KEFI Minerals has refined its feasibility numbers for the Tulu Kapi gold project
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The country is host to the gold explorer’s Tulu Kapi project, which is being developed for production.
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Consultations are taking place at a national, regional and local level which would allow the construction of the mine to begin in the second half.
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KEFI is trying to put together a finance package for the 115,000 oz pa Tulu Kapi project in Ethiopia.
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A glance at some of the stories on the Proactive newswire today
The group will use the funds alongside a £5.6mln fund raise recently, to provide additional working capital