KEFI Minerals Plc (LON:KEFI) Executive Chairman Harry Anagnostaras-Adams talks to DirectorsTalk about its latest operational update. Harry talks about the types of proposals being considered for the Tulu Kapi development, sheds some insight into the sensitivities with the community and the impact, if any, on security & relationships of the broader political pressures in the country, explains how the government financial participation fits with the private sector, elaborates on the movement in capital requirements, explains the government policy review and its intended effect and finally explains how Hawiah fits in the scheme of things.
KEFI Minerals plc is an exploration and development company focused on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield. The company 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 totaling 1.7 million ounces; and 40%-owned Jibal Qutman project in Saudi Arabia with Mineral Resources totaling 0.7 million ounces. As the operator of these joint-venture projects, KEFI 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.