KEFI Minerals announced that the previously preferred Engineering, Procurement and Construction (EPC) contractor has been replaced with Lycopodium Ltd. resulting in better proposed financial terms and an unchanged timetable. Its terms of engagement as the preferred EPC contractor are reflected within KEFI's most recently reported cost estimates for construction of the processing facilities. Lycopodium has started work, within the previously-outlined project timetable, and is on track for construction to start fourth quarter 2016.