KEFI Minerals plc (LON:KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to provide its quarterly operational update.

This update encompasses the activities of KEFI Minerals (Ethiopia) Ltd and Tulu Kapi Gold Mines Share Company in Ethiopia, and Gold & Minerals Ltd in Saudi Arabia for the period from 1 October 2019 to 31 December 2019, together with more recent developments where appropriate.

Any material events have already been reported in separate announcements, which are referred to below along with appropriate updates.

Highlights

Ethiopia’s Tulu Kapi Gold Project

o launch the on-site development and community resettlement;

o execute all documentation, which is well advanced, for KEFI’s private sector equity partner ANS Mining Share Company; and

o complete scheduled preparations and finance milestones leading to major works starting in the local dry season from October 2020.

Saudi Arabia’s Hawiah copper-gold-zinc-silver exploration project