REG - Kefi Gold and Copper - Investor Presentation and Broker Appointments

KEFI Gold and CopperAnnouncement

04/01/2022 07:00

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RNS Number : 2497X  Kefi Gold and Copper PLC  04 January 2022

 

4 January 2022

KEFI Gold and Copper plc

("KEFI" or the "Company")

Investor Presentation

and

Expansion of Corporate Brokerage Team

KEFI Gold and Copper (AIM: KEFI), the gold and copper exploration and
development company with projects in the Federal Democratic Republic of
Ethiopia and the Kingdom of Saudi Arabia, is pleased to announce that Harry
Anagnostaras-Adams, Executive Chairman, will provide a Quarterly Update
presentation via the Investor Meet Company platform on 10 January 2022 at
9:00am GMT.  The Quarterly Report will be announced and uploaded to the KEFI
website that morning for ease of reference.

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via your Investor Meet Company dashboard up until
9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet KEFI
via:

https://www.investormeetcompany.com/kefi-gold-and-copper-plc/register-investor
(https://www.investormeetcompany.com/kefi-gold-and-copper-plc/register-investor)

Investors who already follow KEFI on the Investor Meet Company platform will
automatically be invited.

Expansion of Corporate Brokerage Team

KEFI is pleased to announce that it has appointed Tavira Securities Limited
("Tavira") to act as the Company's Financial Adviser and Joint Broker with
immediate effect. Tavira has recruited the senior personnel that managed the
KEFI relationship for the Company's previous broker Brandon Hill Capital
Limited ("Brandon Hill") and accordingly both Brandon Hill and the Company
have terminated their relationship with immediate effect and by mutual
consent.

KEFI is also pleased to announce that WH Ireland Limited has been appointed to
act as Joint Broker after supporting the recent share placings announced on 21
December 2021.

Enquiries

 KEFI Gold and Copper plc
 Harry Anagnostaras-Adams (Managing Director)                         +357 99457843
 John Leach (Finance Director)                                        +357 99208130
 SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker)  +44 (0) 20 3470 0470
 Jeff Keating, Adam Cowl
 Tavira Securities Limited (Joint Broker)                             +44 (0) 20 7100 5100
 Oliver Stansfield, Jonathan Evans
 WH Ireland Limited (Joint Broker)                                    +44 (0) 20 7220 1666
 Adrian Hadden, Andrew de Andrade
 IFC Advisory Ltd (Financial PR and IR)
 Tim Metcalfe, Florence Chandler                                      +44 (0) 20 3934 6630

 

Notes to Editor

 

KEFI Gold and Copper plc

 

KEFI is focused primarily on the development of the Tulu Kapi Gold Project in
Ethiopia and its pipeline of highly prospective exploration projects  in the
 Arabian-Nubian Shield. KEFI targets that production at Tulu Kapi will
generate cash flows for capital repayments, further exploration and dividends
to shareholders.

 

KEFI Gold and Copper in Ethiopia

 

Ethiopia is currently undergoing a remarkable transformation both politically
and economically.

 

The Tulu Kapi gold project in western Ethiopia is being progressed towards
development, following a grant of a Mining Licence in April 2015.

 

The Company has now refined contractual terms for project construction and
operation. Estimates include open pit gold production of c. 140,000oz pa for a
7-year period. All-in Sustaining Costs (including operating, sustaining
capital and closure but not including leasing and other financing charges)
remain c. US$800/oz. Tulu Kapi's Ore Reserve estimate totals 15.4Mt at 2.1g/t
gold, containing 1.1Moz.

 

All aspects of the Tulu Kapi (open pit) gold project have been reported in
compliance with the JORC Code (2012) and subjected to reviews by appropriate
independent experts.

 

A Preliminary Economic Assessment has been published that indicates the
economic attractiveness of mining the underground deposit adjacent to the Tulu
Kapi open pit, after the start-up of the open pit and after positive cash
flows have begun to repay project debts. An area of over 1,000 square
kilometres adjacent to Tulu Kapi has been reserved for exploration by KEFI
upon commencement of development, with a view to adding satellite deposits to
development and production plans.

 

KEFI Gold and Copper in the Kingdom of Saudi Arabia

 

In 2009, KEFI formed Gold & Minerals Limited ("G&M") in Saudi Arabia
with local Saudi partner, ARTAR, to explore for gold and associated metals in
the Arabian-Nubian Shield. KEFI has a 31.2% interest in G&M and is the
operating partner.

 

ARTAR, on behalf of G&M, holds over 16 Exploration Licence (EL)
applications pending the introduction of the new Mining Law. ELs are renewable
for up to three years and bestow the exclusive right to explore and to obtain
a 30-year exploitation (mining) lease within the area.

 

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