KEFI Gold and Copper (KEFI)

Sector:

Mining

Index:

FTSE AIM All-Share

1.55p
   
  • Change Today:
    -0.040p
  • 52 Week High: 2.62p
  • 52 Week Low: 0.59p
  • Currency: UK Pounds
  • Shares Issued: 2,061.57m
  • Volume: 10,198,303
  • Market Cap: £31.95m

Kefi upbeat on maiden mineral resource from Hawiah

By Josh White

Date: Wednesday 19 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Ethiopia and Saudi Arabia-focussed gold exploration and development company Kefi Gold and Copper released its maiden mineral resource for the Hawiah Project in Saudi Arabia on Wednesday.
The AIM-traded firm said the inferred mineral resource estimate was 19.3 million tonnes at 0.9% copper, 0.8% zinc, 0.6 grams of gold per tonne, and 10.3 grams of silver per tonne.

It said the mineralisation remained open at depth, adding that there were also high grade zones outside of the current mineral resource, which would be targeted in the next drilling phase.

An internal preliminary economic assessment was being worked on for September.

"This maiden copper-zinc-gold-silver mineral resource is consistent with the guidance issued over the past few months and demonstrates the significant scale and quality of the Hawiah deposit," said executive chairman Harry Anagnostaras-Adams.

"Despite a number of challenges brought on by the Covid-19 pandemic, our team has been able to deliver this initial resource less than a year after drilling commenced at Hawiah."

Anagnostaras-Adams said the Hawiah deposit remained open, with further drilling having the potential to result in a larger mineral resource in due course.

"We are particularly keen to test for depth extensions of the identified higher-grade zones.

"We look forward to the outcomes of the internal preliminary economic assessment, expected to be completed in September.

"Our team is excited to be progressing Hawiah towards potential development and especially when the prices for copper, zinc, gold and silver are all increasing strongly."

At 0855 BST, shares in Kefi Gold and Copper were up 3.68% at 1.97p.

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KEFI Market Data

Currency UK Pounds
Share Price 1.55p
Change Today -0.040p
% Change -2.52 %
52 Week High 2.62p
52 Week Low 0.59p
Volume 10,198,303
Shares Issued 2,061.57m
Market Cap £31.95m

KEFI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
65.37% above the market average65.37% above the market average65.37% above the market average65.37% above the market average65.37% above the market average
10.40% above the sector average10.40% above the sector average10.40% above the sector average10.40% above the sector average10.40% above the sector average
Income Not Available
Growth Not Available

KEFI Dividends

No dividends found

Trades for 26-Nov-2020

Time Volume / Share Price
17:08 750,000 @ 1.55p
16:35 506,442 @ 1.55p
16:29 620 @ 1.57p
16:29 620 @ 1.55p
16:28 250 @ 1.59p

KEFI Key Personnel

Finance Director John Edward Leach

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