Kefi Gold and Copper (KEFI.L) has released an updated resource calculation on its Hawiah deposit and the nearby Al Godeyer deposit in Saudi Arabia.
The updated resource at Hawiah now contains 12.7 million tonnes in an open pit resource at an average grade of 0.85% copper, 0.81 g/t gold and just under 11 g/t silver while the underground resource contains 23.5 million tonnes at 0.81% copper and 0.55 g/t gold, bringing the total resource at Hawiah at 36.2 million tonnes at 0.82% copper, 0.86% zinc, 0.64 g/t gold and 10 g/t silver for a total copper content of just over 650 million pounds with an additional 745,000 ounces of gold (and some zinc and silver as well).
On top of that, the Al Godeyer deposit now contains 2 million tonnes across all categories with an average grade of 0.93% copper and 1.21 g/t gold for a total of 40 million pounds of copper and 78,000 ounces of gold.
Unfortunately Kefi only owns 15% of the GMCO joint venture but it is starting to look like Hawiah could become an interesting gold-copper mine.
Disclosure: The author has no position in Kefi Gold and Copper. Please read the disclaimer.
