KEFI Gold and Copper "focusing on delivering the business plan"
November 02, 2023 at 01:36 pm IST
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KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams speaks to Thomas Warner from Proactive after the exploration and development company released its Q3 2023 Quarterly Operational Update.
Anagnostaras-Adams says that KEFI Gold and Copper have been making significant strides at its projects in Ethiopia and Saudi Arabia. The firm is actively working through the approval processes, with notable advancements in feasibility studies and early exploration results hinting at greater growth in assets than previously reported.
He says that there are "no shortcuts" and that he's "focused on delivering the business plan" in a market presenting challenges to the entire junior exploration sector. While describing progress in Ethiopia as 'grinding', he suggests progress shouldn't be downplayed with rigorous preparation essential to launching the project successfully.
In Saudi Arabia the challenge of financing awaits. Despite the share price initially reacting negatively to the quarterly update, a likely result of shareholder impatience according to Anagnostaras-Adams, he remains optimistic.
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KEFI Gold and Copper Plc, formerly KEFI Minerals plc, is a gold exploration and development company. The Company focuses on gold and copper deposits, primarily in the prospective Arabian-Nubian Shield. The Company operates through the mineral exploration segment. The Company operates in Ethiopia and Saudi Arabia. The Company's projects include Tulu Kapi project, Jibal Qutman EL and Hawiah EL. The Jibal Qutman EL project is located in the central southern region of the Arabian-Nubian Shield and covers an area of over 100 square kilometers. The Company focuses on producing gold through an open cut operation. The Tulu Kapi gold project is located in Western Ethiopia. The Tulu Kapi project is located approximately 360 kilometers due west of Ethiopia's capital, Addis Ababa. The Tulu Kapi project includes an ore reserve of over 1.1 million ounces and mineral resources totaling 1.7 million ounces of gold.