KEFI Minerals, an emerging gold miner with projects in Saudi Arabia and
Ethiopia, announces the independent review of its estimated costs for
the development and operation of its Tulu Kapi gold project in Ethiopia.
This represents another key milestone towards reactivating the Mining
Licence Application in October 2014 - with a view to commencing mine
development and construction in 2015.
The estimated cash flows and values for the project have been
significantly improved, with all-in-costs at $844/oz, well below global
industry averages.
Please find further information in the attached announcement.
Thank you for your continued interest!