- Kefi Minerals said it expected its Ethiopian exploration tenements to be expanded seven-fold, based on advice it had received from the African nation's mining ministry.

The expansion to around 1,900 square kilometers would encompass the wider Tulu Kapi gold project district surrounding the 7 square kilometer mining licence area already held by the company.

'The company understands that this expanded exploration land position is planned for granting after project construction commences and encompasses all potential satellite deposits within trucking distance of the project,' Kefi said.

'The area contains several already-drill-intercepted Tulu Kapi style and volcanogenic massive sulphide prospects as reported previously, plus significant additional areas of prospectivity.'

At 2:32pm: [LON:KEFI] KEFI Minerals PLC share price was +0.05p at 1.66p

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