KEFI Gold and Copper has released a quarterly operational update encompassing the activities of KEFI Minerals (Ethiopia) Ltd and Tulu Kapi Gold Mines Share Company in Ethiopia, and Gold & Minerals Ltd in Saudi Arabia.
Since acquiring Tulu Kapi Gold Mines (TKGM) in 2014, KEFI has completed an extensive technical re-design of the project, including independent reviews by leading international experts. During the third quarter TKGM continued to prepare for project launch, which is now lining up for year-end as security conditions continue to improve, documentation continues to be agreed within the project syndicate and the other normal conditions precedent continue to be satisfied.
KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.