KEFI Gold and Copper is expecting to complete the definitive feasibility study (DFS) for the Jibal Qutman Gold Project in Saudi Arabia this year, London’s Alternative Investment Market-listed company said in a statement.
“We expect a minimal delay in closing finance within Saudi Arabia and starting development so that we can be in production around mid-2025,” the company said.
The current 13,000-metre drilling programme focuses mainly on the South Zone, 3K Hill, 4K Hill and Red Hill areas and is likely to be completed in April 2023. It aims at upgrading and expanding the current 733,000 oz resource.
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.
