KEFI Minerals (KEFI) “is pleased to announce that the initial drilling programme at the company's Hawiah prospect in Saudi Arabia has demonstrated the continuous presence of massive sulphides directly below 4km of the gossanous Hawiah ridgeline”…
KEFI Minerals (KEFI) “is pleased to advise… the subscription agreement into the project company, Tulu Kapi Gold Mines Share Company was duly executed by ANS Mining Share Company on Sunday 5 January… The existing TKGM shareholders, KEFI and the Ethiopian Government, have also approved the issue of TKGM shares to ANS Mining”. A further step towards a “first modern mine development in Ethiopia”…
KEFI Minerals (KEFI) is “pleased to announce” financial and Tulu Kapi project moves...
KEFI Minerals (KEFI) “is pleased to announce that it has selected its preferred project infrastructure finance proposal for the company's Tulu Kapi gold project, being a bank loan based proposal recently received from two leading African banks as underwriters and co-lenders” – and the shares have responded circa 30% higher on the day, to around 1.65p…
KEFI Minerals (KEFI) has updated on the Tulu Kapi gold project including of a launch ceremony at the Second International Ethiopian Mining Conference and Exhibition and “the project's 24-month development schedule is expected to start in January 2020 and the project consortium action plan has now been agreed”…
KEFI Minerals (KEFI) has followed recent positive news from its Ethiopia development project with it now “pleased to report encouraging results at the start of the scout drilling programme at the company's Hawiah exploration licence in Saudi Arabia”…
Updating on KEFI Minerals (KEFI) towards the end of last week we noted the shares soaring back above 1p as it was Government arrangements resolved, Tulu Kapi project development looks ahoy. It is thus not surprising that the company “has received notice from its existing working capital providers to convert the remaining outstanding amount of £657,500 under the loan note issued on 5 August 2019 into new KEFI ordinary shares… at a price 0.68 pence per share”. However…
Previously updating on KEFI Minerals (KEFI), with the shares at 0.72p we stated it was somewhat understandable that the Ethiopian Government is taking time to finalise how it manages its project shareholding but positive signs for a near-term catalyst so BUY. now we have a “Project Administrative Arrangements Resolved” announcement – and the shares have raced ahead to 1.02p-1.14p. You should have followed our advice but it is not too late!
KEFI Minerals (KEFI) has updated confirming “receipt… of all the Government permits and independent consultants reports required for closing the project equity financing and triggering the development of the project. The only outstanding matter now is for the Ethiopian Government to resolve certain internal administrative matters”…
KEFI Minerals (KEFI) has announced a first drill hole at the Hawiah target “has intercepted a 15.8 metre interval (true width estimated at 8 metres) of massive sulphide at a vertical depth of 125 metres”, with Executive Chairman Harry Adams adding it “confirms our exploration model and reinforces our confidence in the area's high prospectivity for gold and copper”…
KEFI Minerals (KEFI) has announced results for the first half of 2019 and that “the remainder of 2019 is expected to be a very exciting period for the company and we look forward to providing regular updates as matters progress”…
Good news at last for we loyal shareholders in Kefi Minerals (KEFI). The company says that its partners, notably the Ethiopian Government, have reaffirmed their commitment to starting development in October 2019. That means first gold in late 2021 as scheduled...
KEFI Minerals (KEFI) “is pleased to announce a restructuring of its working capital convertible loan facility… in order to provide greater flexibility to the company by removing the existing security charges over assets and extending the loan maturity dates”…
