The Assay is joined by Harry Anagnostaras-Adams, executive chairman of KEFI Gold & Copper (AIM: KEFI), a company focused on gold and copper deposits in the prospective Arabian-Nubian Shield with projects in Saudi Arabia and Ethiopia. KEFI is focused primarily on the development of its Tulu Kapi Gold project in Ethiopia.
Harry tells us about the challenges of working in this part of the world and the more recent pivot in government mentality in the past two years, along with an increased desire for mining projects to come online in both countries.
KEFI has three projects, the Jibal Qutman Gold project, and the Hawiah Copper-Zinc project, both in Saudia Arabia and Tulu Kapi in Ethiopia. The more advanced project, Tulu Kapi Gold, has met all major financing conditions and KEFI now awaits monetary exemptions to begin development.
Harry explains that funding is coming predominantly from capital and that most is at the project level. KEFI, he explains, has focused on project financing and partnering to survive the weak financing that most junior mining companies have had to endure.
Website: www.kefi-minerals.com
Primary ticker: AIM:KEFI
Stages of development: Exploration, Development, Production
Commodities: Gold, Copper
Projects to promote: Tulu Kapi Gold, Jibal Qutman Gold, Hawiah Copper-Gold
Project locations: Ethiopia, Saudi Arabia
