The latest update is out from KEFI Minerals ( (GB:KEFI) ).
KEFI Gold and Copper PLC announced a significant upgrade to the Mineral Resource Estimates at the Jibal Qutman Gold Project in Saudi Arabia, increasing the total gold resources to 902,000 ounces. This upgrade, which includes a 69% increase in Indicated Resources, positions the project for a long-life mine with plans for a multi-stage open-pit operation. The development is expected to benefit from the rising gold prices and low-cost local development capital, enhancing KEFI’s strategic position in the region.
More about KEFI Minerals
KEFI Gold and Copper PLC is a gold and copper exploration and development company focused on the Arabian-Nubian Shield. The company is engaged in projects in Saudi Arabia and Ethiopia, with a market focus on developing mineral resources in these regions.
YTD Price Performance: 16.67%
Average Trading Volume: 47,986,372
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £44.69M
For detailed information about KEFI stock, go to TipRanks’ Stock Analysis page.