KEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and Ethiopia, is pleased to provide an update as regards the revision of the Definitive Feasibility Study at Tulu Kapi, in light of additional drill hole and trench results from the Companys field work since taking control of the Tulu Kapi project in Ethiopia in December 2013.
Highlights:
* The results of KEFIs infill drilling and surface trenching support the Companys structural interpretation and modelling of the orebody.

This is significant as the Tulu Kapi project has complex geology/gold distribution and has required an equally complex methodology to allow interpretation for mine planning.

o Reverse circulation (RC) infill drilling intercepted strong gold mineralisation at Tulu Kapi, with best results of 12m at 4.23g/t Au, 5m at 9.71g/t Au, 2m at 24.86g/t Au, 8m at 4.24g/t Au, 4m at 10.36g/t Au and 4m at 9.80g/t Au.

More details are set out below. o Results of the surface trenching program at Tulu Kapi confirmed continuity of mapped mineralisation and returned new mineralised intervals, including 8.5m at 1.96g/t Au, 8.5m at 1.96g/t Au, 8.1m at 4.67g/t Au, 3.2m at 12.91g/t Au and 5.8m at 1.91g/t Au.

More details are set out below. * Having now completed that field work and classified 90% of the mineral resources within the indicated category of the JORC Code (for reporting resources and reserves), the Tulu Kapi resource is now considered ready for updating after which it will be used for estimating ore reserves and finalising mine planning.
These findings validate KEFIs resource estimate methodology and the company now can proceed with the update of resources, reserves, mine planning and the DFS required to reactivate the Mining Licence Application by the end of 2014 and trigger construction in 2015.
Please see attachment for the full release.
Thank you for your continued interest!