After concluding the feasibility study KEFI
Minerals inked large scale gold development agreement last April with the then Ministry of Mines current Ministry of Mines, Petroleum and Natural Gas.
Minerals (Ethiopia) Limited (KME) (formerly called Nyota
Minerals in the Kingdom of Saudi Arabia In
has been able to perform this resource upgrade by updating the
Jeff Rayner, Managing Director of KEFI
The operator of the new license, KEFI
holds a 40% stake, with its partner holding the remaining 60%.
Minerals Jeff Rayner +90 533 928 1913
5 Million, will bring KEFI
Minerals ownership to 100% of the Tulu Kapi target situated in Ethiopia.
at these projects attributable to KEFI
Minerals could exceed 80kozpa Au.
Managing director of KEFI
Jeff Rayner said: "We are extremely excited by the prospects of the Tulu Kapi licence, which will significantly increase our development potential within the Arabian-Nubian Shield.
Minerals has fully financed the Acquisition by raising [pounds
exploration and development and KEFI
Minerals supports this priority by