By Ian Walker
KEFI Gold & Copper PLC said Wednesday that it has appointed advisers to prepare for a potential dual listing of its shares on the Saudi Exchange in Saudi Arabia.
The exploration and development company--which is listed on the London Stock Exchange--added that it has also considered a potential dual listing in either Canada or Australia, but is prioritizing Saudi Arabia.
"Kefi has established itself as an early-mover in the highly-prospective Arabia Nubian Shield and in Saudi Arabia in particular," Chairman Harry Anagnostaras-Adams said.
"With our Jibal Qutman gold project at the definitive feasibility study stage and the Hawiah copper gold project at the preliminary feasibility study stage, with potential production commencing in Saudi in 2025, we believe now is the ideal time to plan a dual-listing at the appropriate time and expect a positive reception for what would be the first pre-production miner and only the third mining company to list on the Saudi Exchange."
Shares at 0903 GMT were up 0.03 pence, or 3.9%, at 0.81 pence.
Write to Ian Walker at ian.walker@wsj.com
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February 01, 2023 at 04:19PM
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KEFI Gold & Copper Exploring Dual Listing on Saudi Exchange - MarketWatch
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