UPDATE - KEFI Minerals’ Tulu Kapi DFS burnishes project’s credentials
KEFI Minerals’ widely anticipated definitive feasibility study of its flagship Tulu Kapi project in Ethiopia burnishes its potential to be a low cost mine.
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’ widely anticipated definitive feasibility study of its flagship Tulu Kapi project in Ethiopia burnishes its potential to be a low cost mine.
A commitment over funding is expected in the next three months.
Investments and investor services
It was a busy day in the world of small caps with a number of eye-catching stories.
Jibal Qutman in Saudi Arabia, is shaping up to be a 'viable cash flow producer with a low-capex requirement' said Harry Adams, chairman, ahead of the annual meeting.
Savannah Resources (LON:SAV) continues to see good gold grades at its Block 4 project area in Oman and has identified a new prospect - Salahi 1. It was just one of a number of companies receiving good news this week.
“We already see the potential to double the current one million ounce reserve at Tulu Kapi,"
KEFI Minerals has confirmed it is on schedule to have its Ethiopia gold mine up and running by the end of next year.