( KEFI or the Company )
Q1 2021 Operational Update
KEFI (AIM: 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 latest quarterly operational update.
This update encompasses the activities of KEFI Minerals (Ethiopia) Ltd ( KME ) and Tulu Kapi Gold Mines Share Company ( TKGM ) in Ethiopia, and Gold & Minerals Ltd ( G&M ) in Saudi Arabia for the period from 1 January 2021 to 31 March 2021 ( Q1 ), together with more recent developments where appropriate. In Ethiopia The Tulu Kapi Gold Project (the Project or Tulu Kapi ) remains on track overall, in line with previous guidance with the financial closing program having commenced and remaining in progress. Notably, the project finance consortium remains focused on:
KEFI Gold and Copper plc (LSE:KEFI) | RNS | Kefi Gold and Copper - Q1 2021 Operational Update
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KEFI Gold and Copper plc (LSE:KEFI) | RNS | Kefi Gold and Copper - Hawiah Copper-Gold VMS Project Update
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Contango Holdings Plc, the London listed natural resource development company is pleased to announce it has now triggered its inaugural incentivisation package to remunerate directors and key senior employees and consultants ( Senior Team ).
Since its formation in 2016, the Company has sought to prioritise cash into developing operations and value accretive transactions. This fiscal prudence with respect to cash has extended to board remuneration, which combined has always remained below £100,000 per annum in aggregate. Whilst this is substantially below market rate in comparison to its peers, the Company intends to continue this policy thereby maximising the potential for cash resources to advance assets and generate shareholder value. This philosophy has been embraced by other Senior Team members who have also accepted materially lower salaries on the basis that they would receive an equity incentive.