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KEFI Gold and Copper makes new discovery in Saudi Arabia’s Jibal Qutman Gold Project

The UK-listed KEFI Gold and Copper announced on Tuesday that it has made a new discovery in respect of the Jibal Qutman Gold Project in Saudi Arabia.

The project is being developed by Gold & Minerals (GMCO), a joint venture between KEFI Gold and Copper and Saudi-based ARTAR (Abdul Rahman Saad Al-Rashid Co).

The key highlights in the stock exchange statement were:

• Satellite deposit (Asfingia) discovered with excellent grades of up to 66.6g/t gold

• Drilling ongoing on identified 35km mineralised strike across three contiguous licences

• Selection of preferred production start-up plan expected by mid-2024

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.

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