KEFI Minerals, the gold exploration and development company with projects in Ethiopia and Saudi Arabia, announces that at its General Meeting held earlier today, all resolutions were duly passed including the latest capital raisings. KEFI operates in Ethiopia via Tulu Kapi Gold Mines S.C and is developing an industrial scale modern operation. These financings are a part of the plan for financing our projects in Ethiopia and in Saudi Arabia. Mineral resources are now a combined 4.7 million oz gold-equivalent and all ore bodies remain open. The Company’s beneficial interest in the in-situ metal content of the three projects is today a combined 2.1 million in gold equivalent terms.

Source: News Business Ethiopia May 17, 2022 13:19 UTC