KEFI Gold & Copper obtains positive Hawiah copper-gold project PFS

KEFI Gold and Copper has obtained a positive assessment of the PFS for Hawiah, the largest discovery to date by KEFI’s 27%-owned Saudi Arabian joint-venture Gold and Minerals Company Limited (GMCO).

Hawiah is a part of a larger mineralized system and the January 2023 Mineral Resource Estimate (MRE) contains a total of 258,000t (569Mlbs) of copper, 272,000t (600Mlbs) of zinc, 620,000oz of gold and 9.4Moz of silver. Hawiah already ranks amongst the top three base metal projects in Saudi Arabia and the largest 15% VMS (Volcanogenic Massive Sulphide) systems globally.

KEFI also announced a maiden MRE for the nearby (12km from Hawiah) Al Godeyer deposit of 1.35Mt at 0.6% copper, 0.54% zinc, 1.4g/t gold and 6.6g/t silver on 3 April 2023.

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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