Independently Verified Ore Reserve Reporting On Tulu Kapi Gold Deposit In Ethiopia

KEFI Minerals Plc (AIM: KEFI), an emerging gold miner with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is pleased to announce an independently verified updated JORC compliant Ore Reserve reporting of total Probable Ore Reserves of 12.9 Mt at 2.41 g/t Au for 1.002 Moz Au at its wholly-owned Tulu Kapi project in Ethiopia. 

Harry Anagnostaras-Adams, Chairman of KEFI, said: “The independent verification of the one million ounce Tulu Kapi Reserve complements our recently published production, cost and valuation estimates and completes the independent substantiation of KEFI’s overhaul of the Tulu Kapi gold project. With the achievement of this latest milestone, we are on track for commencing project development in the first half of 2015.”