London-listed company KEFI Minerals plc (AIM: KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.
KEFI Minerals is currently progressing feasibility studies on two gold projects:
- 75%-owned Tulu Kapi project in Ethiopia with a Probable Reserve of 1.0 million ounces and Mineral Resources totalling 2.05 million ounces; and
- 40%-owned Jibal Qutman project in Saudi Arabia with Mineral Resources totalling 0.5 million ounces.
In June 2014, KEFI conditionally acquired the remaining 25% of Tulu Kapi from Nyota Minerals (see announcement "Acquisition of remaining 25% interest in Tulu Kapi”).
As the operator of these joint-venture projects, KEFI Minerals is well positioned to develop these projects prudently while continuing to add value through further exploration.