An Early- Mover in the Arabian-Nubian Shield
Stock Code:
AIM: KEFI
Company Exposure:
Gold, Copper
Project Locations:
Ethiopia, Saudi Arabia
KEFI has been an explorer in the world-class Arabian Nubian Shield since 2008, focused on Saudi Arabia and Ethiopia. Its pipeline of three development assets is complemented by >20 exploration targets, including satellite and stand-alone prospects.
In Ethiopia, the high-grade Tulu Kapi Gold Project is shovel-ready and is in the process of finalizing project finance. In Saudi Arabia, the Jibal Qutman Gold and Hawiah Copper-Gold Projects are under feasibility study for development. KEFI has assembled 1st tier partners, contractors, and project financiers in each country.
2024 is lining up for KEFI to be an overnight success after some 15 years of preparations.
KEFI’s host countries have recently turned positive and its finance syndicates are in place in both Ethiopia and Saudi Arabia.
Investment Highlights
- Over the next three years KEFI is targeting to start gold production in Ethiopia and Saudi Arabia, and to have started development of Hawiah Copper-Gold Project in Saudi Arabia
- KEFI will concurrently explore targets in both countries, proximal to development projects and stand-alone
- Current resource base of 5Moz gold equivalent. (2.3Moz net to KEFI)
- Group production profile will be in excess of 340Kozpa in 2027
