KEFI Gold and Copper PLC confirms a new discovery and operational update at the Jibal Qutman Gold Project in Saudi Arabia, as part of its minority-owned Gold and Minerals Ltd joint venture.
A satellite deposit with high gold grades, Asfingia, has been discovered, with drilling underway on a 35km mineralised strike across three licenses, with a preferred production start-up plan expected by mid-2024.
The discovery comes on the heels of an intensive 13,000m in-fill drilling program in Q3-2023, where KEFI’s joint venture, Gold and Minerals, shifted its focus to resource expansion.
London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.