KEFI Gold and Copper Announces Major Resource Upgrade at Jibal Qutman

KEFI Minerals ( (GB:KEFI) ) has shared an update.

KEFI Gold and Copper plc has announced a significant upgrade to the Mineral Resource Estimates at the Jibal Qutman Gold Project in Saudi Arabia. The project’s resources have increased to 902,000 ounces of gold, with a 69% rise in indicated resources, now comprising 83% of the total, paving the way for ore reserve development. This upgrade supports a long-life mine with a multi-stage open-pit operation, and the company is considering fast-tracking an oxide-focused open-pit operation due to favorable gold prices and local development capital. The updated resource estimates and ongoing exploration efforts position KEFI strategically in the region, potentially impacting its operations and stakeholders positively.

More about KEFI Minerals

KEFI Gold and Copper plc is a gold and copper exploration and development company focused on the Arabian-Nubian Shield. The company is involved in a joint venture in Saudi Arabia and is also making progress in Ethiopia.

YTD Price Performance: 16.67%

Average Trading Volume: 47,986,372

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £44.69M

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