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Pin to quick picksKefi Gold Share News (KEFI)

Share Price Information for Kefi Gold (KEFI)

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Share Price: 0.656
Bid: 0.66
Ask: 0.69
Change: -0.04 (-5.75%)
Spread: 0.03 (4.545%)
Open: 0.674
High: 0.674
Low: 0.636
Prev. Close: 0.696
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TRADING UPDATES: URA orders Gravelotte parts; Kefi sustains progress

Wed, 06th Sep 2023 15:40

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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URA Holdings PLC - Africa-focused mineral exploration company - Says significant progress has been made at Gravelotte, its 74%-owned emerald mine in South Africa. Orders have been placed for a custom-made optical sorter following the completion of test work at Angelon Electronics Co Ltd in China. Notes that the costs for an optical sorter from Angelon are significantly cheaper than the costs of one from Germany. A primary crusher and primary sizing screen with associated conveyors and dewatering pumps, are all in the process of being sourced, acquired and installed into the current circuit. Says trial mining and processing activities could potentially re-start as soon as six to eight months from September, subject to schedule.

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Alien Metals Ltd - Australia-focused minerals exploration and development company - Says that exploration review of Pinderi Hills in Australia confirms potential for nickel and copper. Near surface results at the site include 5.2 metres at 2.1% nickel, 166 ounces of silver per tonne. Alien Metals plans to undertake focused exploration activities on additional base metal targets, and has commissioned detailed aerial reconnaissance over the Pinderi Hills area. Chief Executive Officer Troy Whittaker says: "Whilst our priority remains the development of the Hancock iron ore project, it is pleasing to see the detailed work by the geology team to continue focusing on valuable nickel, copper and other base metals targets that have been overlooked by previous explorers. The Elizabeth Hill silver mine is part of the greater opportunity the company must make in identifying significant new discoveries in the unique multi-commodity, mineral-rich province of the Pinderi Hills."

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Atlantic Lithium Ltd - Sydney-based, Africa-focused lithium exploration and development firm - Receives further assay results from the resource and exploration drilling programme underway at the Ewoyaa lithium project in Ghana, West Africa. These show high-grade infill drill intersections at the Ewoyaa South-2 deposit, designed to convert inferred to indicated resources. Additional intersections are reported at the Kaampakrom Ewoyaa Main and Ewoyaa North-West deposits, also outside of the current resource. Executive Chair Neil Herbert says: "A total of 18,500m of infill, extensional and exploration RC drilling has been planned for 2023. These programmes are intended to grow and improve the confidence of the Ewoyaa Resource, in turn, improving the economics of the project."

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Bezant Resources PLC - Botswana-focused copper and gold explorer and developer - Notes positive results of Phase Two metallurgical testing carried out by Wardell Armstrong International on a sample from its 100%-owned Kanye manganese exploration project in Botswana. Testing showed that both grind size and leaching temperature had minimal influence on the final manganese recovery. Says the Kanye manganese deposit demonstrates an excellent overall manganese recovery using moderate leaching conditions compared with benchmarked projects. Further metallurgical test work will be considered at a later stage of project advancement.

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Kefi Gold & Copper PLC - Ethiopia-focused gold and copper company - Completes 13,000 metre drill programme at Jibal Qutman in Saudi Arabia. Trenching and diamond drilling to identify additional resources is ongoing, while metallurgical test work has been completed on oxide ore. Meanwhile, at Hawiah, the ongoing infill and expansion drilling campaign "continues to yield positive results". The programme is designed to upgrade the resource classification to allow for further ore reserves definition.

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Savannah Resources PLC- London-based lithium development company - Lauds progress at its Barroso lithium project in northern Portugal. On the topic of commercial arrangements, says it is in a strong negotiating position and has yet to commit to any offtake arrangements. Adds that, following the endorsement of the project by the Portuguese environmental regulator, the level of strategic partnership interest in the project has "notably" increased. Savannah is currently working to identify a shortlist of potential strategic partners which are willing to assist with the financing of the project's construction. It expects to provide an update on the project's commercial arrangements towards the end of the year.

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Severfield PLC - North Yorkshire, England-based structural steel group - Says that trading in the first five months of the year is in line with expectations, and that its cash and balance sheet position remains strong. Adds that it is pleased with the " continuing high quality of the UK and Europe order book", which was GBP479 million on September 1, down from GBP510 million on June 1. Is continuing to see some large project opportunities in the UK and in continental Europe, supported by the recent acquisition of Voortman Steel Construction. In India, the group's order book has increased to GBP170 million in September from GBP139 million in June. Looking ahead, says that the outlook "remains positive", and that "our businesses are well-positioned".

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
27 Jun 2022 14:45

Kefi Gold & Copper shares down amid press reports on loss of license

(Alliance News) - Kefi Gold & Copper PLC shares dropped on Monday, as the gold and copper exploration and development company said that local press have "inaccurately" referred to the loss of its Tula Kapi licence in western Ethiopia.

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27 Jun 2022 13:07

Kefi Gold denies it has lost key licence

(Sharecast News) - Kefi Gold and Copper has dismissed media reports claiming it has lost its Tulu Kapi licence in western Ethiopia.

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16 Jun 2022 15:08

IN BRIEF: Kefi Gold & Copper makes progress on Saudi Arabia projects

Kefi Gold & Copper PLC - gold and copper exploration and development company focused on Ethiopia and Saudi Arabia - Renews its exploration licence at its Hawiah Copper-Gold project in Saudi Arabia for five years. Company on track to complete new mineral resource estimates and a preliminary feasibility study at Hawiah in the final quarter of 2022. At Jibal Qutman, also in Saudi Arabia, the company continues discussion with the Ministry of Industry & Mineral Resources regarding the outcomes of its licence applications. Begins independent audit of mineral resource estimate, detailed mine planning and more to allow the project to be advanced more rapidly.

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15 Jun 2022 13:25

IN BRIEF: Kefi Gold & Copper to start full Tulu Kapi construction

Kefi Gold & Copper PLC - Cyprus-based gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia - Plans to start full construction at the Tulu Kapi gold project in Ethiopia during the dry season in October this year. It says mining progress over the past month has remained on track. KEFI says it has maintained the full funding syndicate for the project. It plans to sign the funding "Umbrella Agreement" during June to demonstrate the full funding commitment, especially to the Ethiopian Ministry of Mines.

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6 Jun 2022 16:55

EARNINGS UPDATES: Jadestone boasts record revenue on surging oil price

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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12 May 2022 19:45

TRADING UPDATES: Belluscura to raise GBP5 million; React buys

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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10 May 2022 16:04

UK shareholder meetings calendar - next 7 days

Wednesday 11 May 
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Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
9 May 2022 11:57

IN BRIEF: Kefi Gold & Copper reports good progress on three projects

Kefi Gold & Copper PLC - Cyprus-based gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia - Progresses studies targeting recommencement and development at its Jibal Qutman gold project. Says a preliminary feasibility study is underway at its Hawiah copper-gold project, noting progress progress on the underground, open-pit and surface infrastructure designs. Also receives positive assay results from drilling at Hwaiah, returning a weighted-average gold grade of 1.7 grams per tonne. Completes initial drilling at Al Godeyer copper-gold prospect. Says assay from Al Godeyer are pending.

Read more
20 Apr 2022 12:33

IN BRIEF: Kefi Gold raises GBP8 million from discounted share placing

KEFI Gold & Copper PLC - gold and copper explorer and developer in Ethiopia and Saudi Arabia - Places 1.0 billion in new shares at 0.8 pence each, raising GBP8.0 million. Of this, GBP3.6 million is conditional on shareholder approval. The fresh cash will fund the Tulu Kapi gold project in Ethiopia, exploration works at satellite deposits in the Tulu Kapi district, and the company's share of exploration at the Hawiah gold and copper project in Saudi Arabia. "The placing is to reinforce the rapid advancement of our three advanced projects in Ethiopia and Saudi Arabia," says Chair Harry Anagnostaras Adams.

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20 Apr 2022 10:51

AIM WINNERS & LOSERS: Naked Wines plans US push; Mosman output rises

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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1 Apr 2022 12:25

TRADING UPDATES: Yooma, Love Hemp in UK boost; Peel Hunt tops forecast

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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24 Mar 2022 21:01

TRADING UPDATES: Getech wins mining contracts; Bluejay starts drilling

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3 Mar 2022 20:34

TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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14 Feb 2022 22:18

TRADING UPDATES: CentralNic expects revenue growth ahead of views

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4 Feb 2022 14:30

Kefi positive on its plans at Ethiopia's Tulu Kapi

(Sharecast News) - Ethiopia and Saudi Arabia-focussed gold and copper explorer and developer Kefi updated the market on the Tulu Kapi Gold Project on Friday, which is part of the Kefi-operated Ethiopian joint-venture Tulu Kapi Gold Mines Share Company (TKGM).

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