Business
2017 DFS Update for Tulu Kapi Gold Project
2017 DFS Update for Tulu Kapi Gold Project.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 0370G KEFI Minerals plc 24 May 2017 \n\n 24 May 2017\n \nKEFI Minerals plc\n(\"KEFI\" or the \"Company\")\n \n 2017 Definitive Feasibility Study Update for the Tulu Kapi Gold Project\nStudy incorporates improvements to 2015 Definitive Feasibility Study\n \nKEFI Minerals (AIM: KEFI), 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 completion of the 2017 Definitive Feasibility Study Update (\"2017 DFS Update\") for the Tulu Kapi Gold Project (\"Tulu Kapi\"), taking the Company another key step closer towards finalisation of project funding. \n \nThe 2017 DFS Update incorporates due diligence and refinements since the 2015 Definitive Feasibility Study (\"2015 DFS\") published in August 2015 and provides increased confidence in the Company's plans to develop Tulu Kapi.\n \nCompleted by Lycopodium Minerals Pty Limited (\"Lycopodium\") and approved by KEFI, the 2017 DFS Update is now the base case for overlaying the funding commitments, whilst higher targets will be set for business planning purposes. The financial analyses have been prepared by Endeavour Financial.\n \nKEFI's Executive Chairman, Mr Harry Anagnostaras-Adams, said:\n \n\"By today publishing an updated definitive feasibility study (2017 DFS), we are pleased to have completed another vital step towards finalising funding arrangements. Total funding requirements of approximately US$160 million and other key aspects remain consistent with recent guidance.\...