KEFI Gold and Copper plc (KEFI.L) | Stock Information | Vox Markets
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KEFI:LN

KEFI Gold and Copper plc
KEFI:LN

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Overview

Company Profile

KEFI Gold and Copper plc (AIM: KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield.

KEFI Gold and Copper is focused primarily on developing the advanced Tulu Kapi Gold Project in Ethiopia. Tulu Kapi has a Probable Ore Reserve of 1.05 million ounces and Mineral Resources totalling 1.7 million ounces. Planned gold production at Tulu Kapi is forecast to be 140,000 ounces per annum at an All-in Sustaining Cost of circa US$800-900/ounce over the initial seven years of mining the open pit.

KEFI has also been successful in Saudi Arabia where the Company has discovered and delineated gold resources at the Jibal Qutman Gold Project and copper-gold-zinc-silver resources at the Hawiah Copper-Zinc Project. Jibal Qutman and Hawiah are both being advanced towards development and KEFI is also exploring its large portfolio of Exploration Licences in Saudi Arabia.

Classification

Sector Materials

Industry Mining

Subindustry Gold

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Corporate

Board of Directors

Harry Anagnostaras-Adams

Managing Director

Harry Anagnostaras-Adams was founder or co-founder of Citicorp Capital Investors Australia, investment company Pilatus Capital, Australian Gold Council, EMED Mining, KEFI Minerals and Cyprus-based Semarang Enterprises. He has overseen a number of start-ups in those and their related organisations principally through the roles of Chairman, Deputy Chairman or Managing Director. He qualified as a Chartered Accountant while working with PricewaterhouseCoopers and has a Master of Business Administration from the Australian Graduate School of Management.

Mark Wellesley-Wood

Non-Executive Chairman

Mark Wellesley-Wood is a mining engineer, with over 40 years’ experience in both the mining industry and investment banking. He has been closely involved in mining activities in Africa, having started his career on the Zambian copper-belt. Mark is a former Executive Chairman and CEO of South African gold miner, DRDGold Limited, and a former director of Investec Investment Banking and Securities in London. He is currently Chairman of AIM-quoted Tri-Star Resources plc.

John Leach

Finance Director

John Leach has over 25 years’ experience in senior executive positions in the mining industry internationally and is currently also the Chief Financial Officer of EMED Mining. He holds a Bachelor of Arts (Economics) degree and a Master of Business Administration. He is a Member of the Institute of Chartered Accountants (Australia), a Member of the Canadian Institute of Chartered Accountants, and is a Fellow of the Australian Institute of Directors.

Norman Ling

Non-Executive Director

Norman Ling was a member of the British diplomatic service for more than 30 years, for the last ten with the rank of ambassador. He has served in a wide range of countries in the Middle East and Africa. His last post, before retirement, was as Ambassador to Ethiopia, Djibouti and the African Union. For the last two years he has been actively involved with development of the mining industry in Ethiopia.

Mark Tyler

Non-Executive Director

Mark Tyler was previously a mining investment banker in London and South Africa, including as co-head of Mining and Resources Finance at Nedbank, a South African bank. He is currently a senior resources advisor to Exotix Capital and the London representative for Auramet International, a precious metal merchant financier.