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KEFI Minerals Plc

KEFI Minerals

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London-listed company KEFI Minerals plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

KEFI Minerals MapKEFI 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.

Planned gold production at Tulu Kapi is forecast to be circa 115,000 ounces per annum at an AISC of US$742/ounce over nine years.

Strategy

Our aim is to create wealth for our shareholders by developing into profitable mines the gold and base metal deposits that the Company has discovered or acquired in a cost-effective manner.

Since KEFI Minerals was formed in 2006, we have rapidly evaluated and relinquished a number of exploration properties as well as acquiring new projects.

The highly prospective Arabian-Nubian Shield has been the Company’s primary focus since 2008 when it commenced exploration activities in the Kingdom of Saudi Arabia.

Our prudent approach is exemplified by the cost-effective acquisition of the Tulu Kapi project in the Democratic Republic of Ethiopia in late 2013. The £4.5 million cost of acquiring 75% of this advanced project equates to only $10 per reserve ounce and provides the information collected from historical expenditure of more than $50 million.

In September 2014, KEFI Minerals acquired the remaining 25% of Tulu Kapi for £750,000 and 50 million KEFI shares.

KEFI Minerals is now positioned as the operator of two gold development projects as well as a cost-effective explorer of its portfolio in the highly prospective Arabian-Nubian Shield.

With the appropriate mix of technical and financial expertise, the Company is prudently progressing its projects into profitable gold production with the aim of returning value to shareholders.


KEFI Minerals Board Members

Harry Anagnostaras-Adams, Executive Chairman
Ian Plimer, Non-Executive Deputy Chairman
John Leach, Finance Director
Norman Ling, Non-Executive Director
Mark Wellesley-Wood, Non-Executive Director

Company website for KEFI Minerals

http://www.kefi-minerals.com/