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:
- 95%-owned Tulu Kapi project in Ethiopia with a Probable Ore Reserve of 1.0 million ounces and Mineral Resources totalling 1.7 million ounces; and
- 40%-owned Jibal Qutman project in Saudi Arabia with Mineral Resources totalling 0.7 million ounces.
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.
The Tulu Kapi Definitive Feasibility Study was completed in mid-2015 and estimated gold production of 888,000 ounces at an AISC of US$755/oz over 10 years. Further information, including the full 2015 DFS, is available on the Tulu Kapi DFS page.