Kefi Minerals has published a 1.9 million ounce JORC resource for the Tulu Kapi gold project.
The majority of the resource can be mined via open pit. A revised mine plan and estimated costs will be produced in the autumn. A mining licence can then be applied for and development of the project could commence next year.
House broker finnCap has a heavily risked 5.6p a share target price for Kefi. At 1.65p a share, Kefi is valued at £16.7m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2014_59.pdf
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds