TULU KAPI GOLD PROJECT: A HISTORY OF “REPEATED” DISCOVERIES IN WESTERN ETHIOPIA
ABOUT KEFI MINERALS PLC (LON:KEFI)
Focused on gold & copper in the under-explored Precambrian Arabian-Nubian Shield (ANS)
Principal projects: Tulu Kapi gold deposit in Ethiopia and Jibal Qutman gold deposit in Saudi Arabia;
ETHIOPIA (TULU KAPI: KEFI 75% AND THE GOV’T 25%):
- Tulu Kapi finalizing financing for construction 2018-19;
- Indicated & Inferred Resource is 20.2 Mt @ 2.65 g/t Au for 1.72 Moz; open pit Ore Reserve of 1.05 Moz Au;
- A high grade resource under the open pit is open along strike and presents a potential underground mine;
- Open pit 144koz pa + underground lifts to c.200Koz pa
- A large EL (1000Km2 ) containing a number of shear hosted gold and VMS deposits is reserved for KEFI for potential sources of additional mill feed at Tulu Kapi;