Gold Mining Project Tulu Kapi In Ethiopia.

KEFI  Minerals  (AIM:  KEFI), has  appointed  and told investors it has selected  African  Mining  Services  ( AMS ) ,  a  wholly-owned  subsidiary  of  Ausdrill Limited, as preferred contractor for mine establishment and operation for the Tulu Kapi gold mining project in Ethiopia.

The arrangement will cover certain pre-mining earthworks as well as the life-of-mine open pit operation, though Kefi will remain directly responsible for key input costs such as explosives and fuel.

With a Probable Ore Reserve of 1.05 million ounces and Mineral Resources totalling 1.72 million ounces of gold, the Tulu Kapi gold project in Western Ethiopia is being rapidly progressed towards development.

The altitude of the project area Tulu Kapi gold mining in Ethiopia  is between 1,600m and 1,765m above sea level. The climate is temperate with annual rainfall averaging about 150cm.

Tulu Kapi Gold Mine In Ethiopia Gold Mining Project By KEFI Minerals

Tulu Kapi Gold Mine is situated 28km east of Ayra-Gulliso town in the state of Oromia, Ethiopia. Gold deposit in Tulu Kapi gold mines Ethiopia was discovered and mined on a small scale by an Italian consortium in the 1930’s. And in 2009 Nyota Minerals Limited acquired the licences Tulu Kapi gold mine and then undertook extensive exploration and drilling which culminated in December 2012.

Tulu Kapi gold mines in Ethiopia is now owned by KEFI Minerals, who bought 100% of the license held earlier by UK-based gold exploration and development company Nyota Minerals (Ethiopia) by 2014.

KEFI Minerals was formed on 24 October 2006 with a view to creating shareholder value through the discovery and exploitation of gold and copper deposits. The Company’s initial assets were EMED Mining’s exploration interests in Turkey and Bulgaria.