KEFI Gold and Copper: Upgrade for low-cost and 'very attractive' Saudi gold project
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KEFI Gold and Copper PLC has upgraded its resource estimate for the Jibal Qutman gold project in Saudi Arabia to 902,000 ounces, enhancing the potential for a long-life, multi-stage open-pit mine.
February 26, 2025 | 8:30 am
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KEFI Gold and Copper has increased its gold resource estimate for the Jibal Qutman project to 902,000 ounces, indicating a stronger potential for a long-life, multi-stage open-pit mine.
The upgrade in the gold resource estimate significantly enhances the project's value and potential profitability, likely leading to positive investor sentiment and a short-term increase in stock price.
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