KEFI Minerals Plc (LON:KEFI), the gold and copper exploration and development company with projects in the Kingdom of Saudi Arabia and the Democratic Republic of Ethiopia, announced today that it has recently assembled and submitted applications for over 1000km2 of strategically selected copper and gold tenements near the Company’s Tulu Kapi development project in Ethiopia (via its wholly-owned subsidiary KEFI Minerals Ethiopia) and also a similar-sized area near the Company’s Hawiah exploration project in Saudi Arabia (via the Company’s 40%-owned Joint Venture with ARTAR).
Presentation at Indaba
KEFI Minerals plc has been invited to present at the Investing in African Mining Indaba Conference base metals session, being held in Cape Town this week, as well as giving its corporate presentation. The presentation being given at the conference has been uploaded to the Company’s website at http://www.kefi-minerals.com/ alongside the Company’s corporate presentation.
The company 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.