Ethiopia and Saudi Arabia-focussed gold and copper explorer and developer KEFI announced positive licensing progress on the Jibal Qutman project on Wednesday, as well as the award of two further exploration licences through its Gold and Minerals (G&M) joint venture in Saudi Arabia.
The AIM-traded firm owns 30% of G&M, with the remaining 70% held by its partner Abdul Rahman Saad Al Rashid and Sons (Artar).
It said G&M had received the expected formal notification from the Saudi Arabian Ministry of Industry and Mineral Resources that land access issues, which halted the mine development application in 2016, were now resolved.
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.