RE: Its along term punt22 May 2024 08:08
Kefi for the short medium and long term. Going to have good newsflow from Ethiopia and in Saudi the prospects there are big and going to be huge. Would expect more drilling results short term and a development route for JQ decided over the next couple of months then you will have and DFS for both Saudi prospects. All with a background of high gold and copper prices.
https://www.kefi-goldandcopper.com/files/files/Orior-Capital-KEFI-Research-Report-13May24.pdf
(JQ)Management was targeting the completion of a DFS by the end of 2023,
Gold and Minerals now plans to test the entire 30km along the three contiguous licence areas. The existing resource sits in the central 7km of the licence area, suggesting potential for substantial upside in resources.
With the expanded licence areas and recent drilling success Gold and Minerals now targets a much larger resource
KEFI released a Pre-Feasibility Study for Hawiah in June 2023. This was based on existing resources, and demonstrated a post-tax NPV5 of US$301m. It seems likely that the substantial amount of recent drilling and the discovery at Abu Salal will ultimately result in an expanded resource, and a DFS based on a larger operation.
Over the past few months, Gold and Minerals has substantially completed a 65,000m drilling program aimed at developing a maiden Ore Reserve, and expanding the amount of material that can be mined from open-pits. Some 52,000m of drilling had been completed by the end of March. Drilling continues with three diamond drill rigs onsite.
This had been highly successful with drilling extending the vertical depth of the known mineralisation to 740m, increasing the down-plunge extent of Crossroads Extension by 270m. This should lead to an increase in resources at Hawiah.
Sign In
Follow the stocks
