KEFI Minerals Plc (LON:KEFI) Executive Chairman Harry Agna-nostara Adams talks to DirectorsTalk about the latest quarterly report. Harry expands on the completion of due diligence so that the Tulu Kapi project financing can proceed, more on the government approval processes being triggered to allow the financing, explains who the syndicate members are that they are focused on, increased activity level in Saudi Arabia, where Harry sees KEFI at the end of 2017 and the main steps in the change from a small exploration company to a production company.
KEFI Minerals Plc is the operator of two advanced gold development projects within the highly prospective Arabian-Nubian Shield, with an attributable 1.93Moz (100% of Tulu Kapi’s 1.72Moz and 40% of Jibal Qutman’s 0.73Moz) gold Mineral Resources (JORC 2012) plus significant resource growth potential. The company targets that production at these projects generates cash flows for further exploration and expansion as warranted, recoupment of development costs and, when appropriate, dividends to shareholders.