KEFI Gold and Copper plc (LON: KEFI) the gold and copper exploration and development company focused on the Arabian-Nubian Shield since 2008, has reported that the Company’s wholly-owned Ethiopian holding company KEFI Minerals (Ethiopia) Limited (KME) has been awarded the Konso Critical Metals Area (Konso Project) exploration licence by the Ethiopian Ministry of Mines.
Highlights
· Awarded 100% of the Konso Critical Metals Area exploration licence in Ethiopia, one of KEFI’s pipeline of growth opportunities
· Previously explored by Ethiopian Geological Survey, and by global major Vale, prior to its country exit in 2012
· Historic programmes identified large zones of copper (plus nickel / cobalt / platinum group metals) and tantalum (plus lithium) now warranting follow-up exploration, focusing initially on copper and tantalum based on their long term economic outlook
The Konso Project was first explored by the Ethiopian Geologcal Survey and then by global major Vale in 2012. Prior to Vale’s broader withdrawal from Ethiopia, that company did not focus on the tantalum / lithium-bearing pegmatities and, instead, confirmed large areas of copper / nickel / cobalt / platinum group metals mineralisation.
