Business
Full Year Results 2015
Full Year Results 2015.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 3754A KEFI Minerals plc 07 June 2016 \n\n \n 7 June 2016\n \nKEFI Minerals plc\n(\"KEFI\" or the \"Company\")\n \nFINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2015\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, announces its final results for the year ended 31 December 2015. \n \n2015 HIGHLIGHTS\n \n· Tulu Kapi gold project (\"the Project\"), Ethiopia:\n \nProgress with Project\no Received Mining Licence, which is valid for a period of 20 years and fully permits the development and operation of the Tulu Kapi gold project\no Completed Definitive Feasibility Study (\"DFS\") and proceeded to further refine to bankable standards with preferred project contractors\nProgress with the mine\no Increased forecast gold production to 980,000ozover 10 years with an average of 115,000oz per steady-state year at All-in Sustaining Costs of US$746/oz\no Projected net operating cash flow has increased to US$58m per annum at US$1,250/oz\no Updated resource reporting: Indicated Resource of 18.8 Mt at 2.67 g/t Au for 1.62Moz Au (JORC 2012) and Probable Ore Reserves of 15.4 Mt at 2.12 g/t Au for 1.05Moz Au (estimated using JORC Code guidelines)\nProgress with the operations and financing\no Selected preferred contractors for mining and process plant and, post period, preferred senior secured lenders\no The combination of project design, contractual arrangements and finance planni...