London-listed company KEFI Minerals plc (AIM: KEFI) is an exploration and development company focussed on gold and copper deposits in the highly prospective Arabian-Nubian Shield.
KEFI Minerals is focused primarily on developing the advanced Tulu Kapi Gold Project in Ethiopia. Tulu Kapi has a Probable Ore Reserve of 1.05 million ounces and Mineral Resources totalling 1.7 million ounces.
Planned gold production at Tulu Kapi is forecast to be 140,000 ounces per annum at an All-in Sustaining Cost of circa US$800-900/ounce over the initial seven years of mining the open pit.
KEFI is also actively exploring for gold and copper in Saudi Arabia where drilling during 2019 discovered copper-zinc-gold-silver massive sulphide lodes at Hawiah.