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Share Name Share Symbol Market Type Share ISIN Share Description
Kefi Gold And Copper Plc LSE:KEFI London Ordinary Share GB00BD8GP619 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0325 1.57% 2.1025 2.085 2.12 2.155 2.09 2.145 13,303,891 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -5.6 -0.8 - 45

Kefi Gold and Copper PLC New Company Presentation

10/03/2021 7:00am

RNS Non-Regulatory


TIDMKEFI

Kefi Gold and Copper PLC

10 March 2021

Reach

10 March 2021

KEFI Gold and Copper plc

("KEFI" or the "Company")

New Company Presentation

KEFI (AIM: KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to announce that the Company's Executive Chairman, Harry Anagnostaras-Adams, will be delivering an updated corporate presentation later today as part of the "Spotlight on Ethiopia" session at MineAfrica's 19(th) Annual Investing in Africa Mining Seminar, being held virtually as part of PDAC 2021.

A full PDF version of the presentation is available on the Company's website, http://www.kefi-minerals.com/

Enquiries

 
 KEFI Gold and Copper plc 
 Harry Anagnostaras-Adams (Executive Chairman)    +357 99457843 
 John Leach (Finance Director)                    +357 99208130 
 SP Angel Corporate Finance LLP (Nominated 
  Adviser and Joint Broker)                       +44 (0) 20 3470 0470 
 Jeff Keating, Adam Cowl 
 Brandon Hill Capital Ltd (Joint Broker)          +44 (0) 20 7936 5200 
 Oliver Stansfield, Jonathan Evans 
 IFC Advisory Ltd (Financial PR and IR)           +44 (0) 20 3934 6630 
 Tim Metcalfe, Florence Chandler 
 

Notes to Editor

KEFI Gold and Copper plc

KEFI is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield. KEFI targets that production at Tulu Kapi generates cash flows for capital repayments, further exploration and expansion as warranted and, when appropriate, dividends to shareholders.

KEFI in Ethiopia

Ethiopia is currently undergoing a remarkable transformation both politically and economically.

The Tulu Kapi gold project in western Ethiopia is being progressed towards development, following a grant of a Mining Licence in April 2015.

The Company has now refined contractual terms for project construction and operation, together with assembling the full funding consortium and set the conditional terms for the development funding package of c.US$221 million.

Estimates include gold production of c.190,000oz pa. All-in Sustaining Costs (including operating, sustaining capital and closure but not including leasing and other financing charges) remain c. US$800/oz. Tulu Kapi's Ore Reserve estimate totals 15.4Mt at 2.1g/t gold, containing 1.1Moz.

All aspects of the Tulu Kapi (open pit) gold project have been reported in compliance with the JORC Code (2012) and subjected to reviews by appropriate independent experts.

A Preliminary Economic Assessment has been published that indicates the economic attractiveness of mining the underground deposit adjacent to the Tulu Kapi open pit, after the start-up of the open pit and after positive cash flows have begun to repay project debts. An area of over 1,000 square kilometres adjacent to Tulu Kapi has been reserved for exploration by KEFI upon commencement of development, with a view to adding satellite deposits to development and production plans.

KEFI in the Kingdom of Saudi Arabia

In 2009, KEFI formed Gold & Minerals Limited ("G&M") in Saudi Arabia with local Saudi partner, ARTAR, to explore for gold and associated metals in the Arabian-Nubian Shield. KEFI has a 34% interest in G&M and is the operating partner.

ARTAR, on behalf of G&M, holds over 16 Exploration Licence (ELA) applications pending the introduction of the new Mining Law. ELs are renewable for up to three years and bestow the exclusive right to explore and to obtain a 30-year exploitation (mining) lease within the area.

The Kingdom of Saudi Arabia has announced policies to encourage mineral exploration and development, and KEFI Minerals supports this priority by serving as the technical partner within G&M. ARTAR also serves this government policy as the major partner in G&M, which is one of the early movers in the modern resurgence of the Kingdom's minerals sector.

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March 10, 2021 02:00 ET (07:00 GMT)

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