KEFI Gold and Copper chair discusses significant upgrade for Hawiah project in Saudi

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams talked with Proactive's Stephen Gunnion about the company’s latest resource update for the Hawiah project in Saudi Arabia. He highlighted that the total reported resource at Hawiah has now reached 3 million ounces of gold equivalent, with the potential to double based on new exploration licenses. He noted that this reinforces the project’s status as a key development asset in Saudi Arabia.

Anagnostaras-Adams also discussed the upcoming resource update for Jibal Qutman, which was previously estimated at 700,000 ounces and is expected to increase, improving resource classification. He explained that KEFI has been actively realigning its business plan, enhancing management in Saudi Arabia, and focusing on growth in exploration licenses.

He also commented on Ethiopia’s evolving economic landscape, mentioning that the African Union meeting in Addis Ababa has reinforced a positive sentiment. He noted that Ethiopia is attracting investment again after recent economic reforms, including currency liberalisation. KEFI’s banking partners were present at the meetings, and discussions on project financing remain on track.

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