Kefi Gold & Copper PLC - gold explorer in Ethiopia and Saudi Arabia - Ethiopian Ministry of Mines formally confirms that mining licence for the Tulu Kapi gold project remains in good standing and has been confirmed to run until 2035.
In addition, the licence for the project can be renewed on expiry should the project prove successful in expanding ore reserves and the life of mine.
Kefi confirms that it intends to launch its key project development activities and confirm its finances in December. The company remains focused on production commissioning in 2023.
Current stock price: 1.00 pence, down 3.6% on Wednesday
Year-to-date change: down 47%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Kefi Gold (KEFI)