Report

KEFI Gold and Copper - New exploration and increased resources

This week, KEFI Gold and Copper (KEFI) released two updates pertaining to its exploration and development in Saudi Arabia. First, it announced an increase in the mineral resource estimate (MRE) and indicated resource at the Hawiah project. The MRE increased by 16%, boasting an additional 4.1Mt and generating a new total of 29.0Mt, with the indicated resource up 14% from 10.9Mt to 12.4Mt, inclusive of oxide material (previously inferred) containing 80,000oz of gold. Second, KEFI announced the award of five additional exploration licences via its Gold and Minerals (GMCO) joint venture in Saudi Arabia, which has since started comprehensive mapping and sampling campaigns over these new licences.
Underlying
Kefi Gold And Copper

Kefi Minerals is a gold miner. Co. is engaged in the exploration for mineral deposits of precious and base metals and other minerals that appear capable of commercial exploitation, including topographical, geological, geochemical and geophysical studies and exploratory drilling. In addition, Co. evaluates mineral deposits determining the technical feasibility and commercial viability of development, including the determination of the volume and grade of the deposit, examination of extraction methods, infrastructure requirements and market and finance studies. Co.'s exploration activities are located in the Kingdom of Saudi Arabia (through the jointly controlled entity) and Ethiopia.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Alison Turner

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