JOHANNESBURG (miningweekly.com) – Aim-listed Kefi Minerals has received confirmation from the Ethiopian Ministry of Mines, Petroleum and Natural Gas that its proposals for further exploration in the Tulu Kapi district area will be granted when development starts on its Tulu Kapi project.
The relevant exploration licence application covers an area of about 70 km by 15 km, covering known prospects within 50 km2 of the Tulu Kapi project, which is considered in economic trucking distance to the planned processing plant.
Project development plans have been adjusted to incorporate an extra 25% ore processing capacity to accommodate an anticipated increase in production.
In addition, funding for the planned exploration has been built into the project’s finance plans.
"The exploration area reserved for Kefi covers numerous prospects in highly prospective structural corridors, such as shallow gold mineralisation west of Tulu Kapi and high-grade gold-copper mineralisation north of Tulu Kapi – the common denominator being that all are within trucking distance of the planned Tulu Kapi processing infrastructure,” chairperson Harry Anagnostaras-Adams said in a statement on Monday.