Kefi Gold & Copper PLC - Cyprus-based gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia - Receives two exploration licences issued for the development of the Jibal Qutman Gold project in Saudi Arabia. Says the Jibal Qutman North and Jibal Qutman Southeast exploration licences have been issued on an initial five-year term and cover 174 kilometres. Expects the award of the final Jibal Qutman exploration licence ‘shortly’. Anticipates construction to start mid-2023 and first gold at the end of 2024.

Current stock price: 0.61 pence, up 4.3% on Wednesday

12-month change: down 64%

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