Kefi Minerals provided an update on project financing and DFS for Tulu Kapi gold project in Ethiopia

KEFI Minerals , the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is pleased to announce the accomplishment of milestones towards the completion of an updated Definitive Feasibility Study to the standards required by mining project financiers Independent review of Mine Plan and project costs - Independent verification of the Mine Plan and associated costs by Snowden Mining Industry Consultants Pty Limited after taking into account: o Updated Mineral Resources based on better delineation of individual ore lodes o Detailed mine design which incorporated further geotechnical studies o Semi-selective mining techniques and associated planning factors such as mine dilution and ore losses o An operating philosophy based on owner-mining and all-new plant - The Mine Plan is now settled at: o For initial 11 ... (more)