KEFI Minerals has received confirmation that its application for further exploration in the Tulu Kapi district area will be cleared once development begins at the gold project in Ethiopia.
The confirmation was obtained from the Ethiopian Government’s Ministry of Mines, Petroleum and Natural Gas.
Go deeper with GlobalData
According to the company, the project development plans have been amended to reflect its decision to incorporate an additional 25% ore processing capacity in order to make way for an estimated increase in production.
The exploration licence application (ELA) spans an area of around 70km by 15km, covering known prospects within 50km² of Tulu Kapi.
KEFI Minerals executive chairman Harry Anagnostaras-Adams said: “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 infratsructure.
“It is in all stakeholders’ interests for KEFI to fully explore the Tulu Kapi District in order to maximise the scale and longevity of the operation. KEFI is confident that its focused exploration programmes will yield further economic discoveries in the district.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe ELA also comprises known mineralised shear zones, including the Guji-Komto Belt and the Kata area containing multiple volcanic-hosted massive sulphide (VHMS) belts.
Having already identified gold potential around Tulu Kapi, the company is planning to perform an exploration programme in a bid to unearth deposits and device feasible development plans.
