KEFI Minerals Plc (LON:KEFI) Executive Chairman Harry Anagnostaras-Adams talks to DirectorsTalk about a conditional fundraising to raise £5.62m. Harry talks us through the announcement, explains why a new major institutional shareholder, the Lanstead deal, the major milestones that will help deliver results and the share consolidation.
KEFI Minerals Plc 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 generate cash flows for further exploration and expansion as warranted, recoupment of development costs and, when appropriate, dividends to shareholders.