KEFI Minerals plc (LON:KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, today announced that Ian Plimer, Non-Executive Director of KEFI has resigned with immediate effect to focus on other business commitments.
KEFI’s Executive Chairman, Mr Harry Anagnostaras-Adams, said:
“I and the other members of the Board would like to thank Ian for his significant contribution to the business since his appointment in 2006 and we wish him well for the future.”
KEFI Minerals is the operator of two advanced gold development projects within the highly prospective Arabian-Nubian Shield, with an attributable 1.93Moz (100% of Tulu Kapi’s 1.72Moz and 40% of Jibal Qutman’s 0.73Moz) gold Mineral Resources (JORC 2012) plus significant resource growth potential. KEFI targets that production at these projects generates cash flows for further exploration and expansion as warranted, recoupment of development costs and, when appropriate, dividends to shareholders.