KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF)'s Harry Adams met with Proactive to update the market on its progress in Ethiopia and its licences at the Jibal Qutman gold project in Saudi Arabia.
Adams, CEO, said KEFI was now focused on an initial production plan of c.500,000 oz gold at Jibal Qutman in Saudi Arabia.over a 10-year period, rather than the initial Preliminary Feasibility Study target of c.200,000 oz gold.
Tulu Kapi in Ethiopia, meanwhile, should launch this year and be in full construction by the year-end with Jibal Qutman six months behind.