Business
Saudi Projects Progress
Saudi Projects Progress.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n\n6 September 2023\nKEFI Gold and Copper plc\n(\"KEFI\" or the \"Company\")\nSaudi Projects Progress\nKEFI Gold and Copper Plc (AIM: KEFI), the gold and copper exploration and development company which has focused on the Arabian-Nubian Shield since 2008, is pleased to provide an operational update covering recent developments in Saudi Arabia and the Company's minority-owned Gold & Minerals Ltd (\"GMCO\").\nHighlights\nJibal Qutman\n· 13,000m drill programme completed ahead of updated resource estimate\n· Trenching and diamond drilling ongoing to identify additional resources\n· Completion of metallurgical testwork on Oxide Ore\n· Metallurgical testwork on fresh ore is ongoing with Phase 1 of the fresh testwork completed.\n· Submission of ESIA Scoping Study\nHawiah\n· Ongoing +60,000m infill and expansion drilling campaign continues to yield positive results\n· Drilling programme is designed to upgrade the Resource classification to allow for further Ore Reserves definition as part of the planned 2024 DFS\n· Recent drilling identified a 7.5m wide intercept representing a 230m downdip extension from previous deepest hole\nAl Godeyer and Abu Salal\n· Phase one of the infill drilling designed to expand and upgrade the 2023 maiden Al Godeyer Resource and declare Ore Reserve as part of Hawiah DFS as a satellite deposit\n· Trenching at greenfield Abu Salal licence (50kms from Hawiah) has exposed the VMS horizons across the 2km long discontinuous strike length, with assays pending\nJibal Qutman Gold\nThe following progress has been made on various workstreams for the Jibal Qutman Definitive Feasibility Study (\"DFS\"):\n· Completed 13,000m drilling programme for updating the Mineral Resource Estimate (\"MRE\") contained in the series of shallow open pits that constitute this project, mainly targeting the upgrade of Mineral Resource classification to enable a maiden Ore Reserve definition;\n· Began detailed mine planning on the open pits;\n· The Oxide Metallurgical testwork programme, as well as the Phase 1 Fresh Ore Testwork Programme, has been completed;\n· Additional metallurgical ...