6th Jan 2022 17:39
Kefi Gold & Copper PLC - Tulu Kapi gold project in Ethiopia - Announces update to the mineral resource estimate at the Hawiah Copper-gold project, which has been increased by 5.6 million tonnes to 24.9 million tonnes at a grade of 0.9% copper, 0.85% zinc, 0.62 grams per tonnes of gold and 9.81 grams per tonnes silver, representing a tonnage increase of 29%.
Total contained metal content now stands at 223,000 tonnes of copper, 210,000 tonnes of zinc, 497,000 ounces of gold and 7.8 million ounces of silver.
Looking ahead, drilling programme on the Hawiah deposit is on-track to begin in January, with the intent of further increasing its mineral resources.
"KEFI now has a platform of three advanced projects for development in the next few years: the Tulu Kapi gold project in Ethiopia which is development ready for when security and other normal conditions precedent to finance closing are satisfied; the now larger Hawiah copper-gold project in Saudi Arabia; and the Jibal Qutman gold project, also in Saudi Arabia. The Hawiah work programme will also incorporate the previously announced works that will start at the proximal Al Godeyer licence granted to G&M in December 2021. This could also be a significant potential contributor," said Executive Chair Harry Anagnostaras-Adams.
Current stock price: 0.79 pence
12-month change: down 63%
By Dayo Laniyan; [email protected]
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