Last checked at 2 Apr 2014 07:00
AIM: KEFI
2 April 2014
KEFI Minerals Plc
("KEFI" or the "Company")
KEFI presenting at UK Investor Show
KEFI Minerals, the AIM-quoted gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia, is pleased to announce that it will be taking part in the UK Investor Show on Saturday, 5 April. The event takes place between 9am and 5pm at the Queen Elizabeth II Conference Centre in Westminster, London, SW1P 3EE.
At the event, Jeff Rayner, Managing Director of KEFI Minerals will be making a presentation at 11.20am and the Company's is looking forward to meeting investors at the booth B09.
Enquiries
KEFI Minerals Plc
Jeffrey Rayner +90 533 928 1913
Fox-Davies Capital
Simon Leathers +44 203 463 5022
Further information on KEFI is available at www.kefi-minerals.com
KEFI operates in Ethiopia and Saudi Arabia
In December 2013, KEFI Minerals acquired 75% of Tulu Kapi licence in western Ethiopia and intends to refine the development plan for the project, aimed at reducing the previously planned capital and operating expenditure.
KEFI is now positioned as an operator of two advanced gold development projects within the highly prospective Arabian-Nubian Shield, with an attributable 1.73Moz of JORC-compliant mineral resource plus significant resource growth potential. By 2017, the aggregate estimated production at these projects attributable to KEFI could exceed 80,000oz pa Au, generating cash flows for further exploration and expansion as warranted, recoupment of development costs and, when appropriate, dividends to shareholders.
In 2009, KEFI formed the Gold and Minerals Joint Venture ("G&M") in Saudi Arabia with local Saudi partner Abdul Rahman Saad Al-Rashid & Sons Company Limited ("ARTAR"), to explore for gold and associated metals in the Arabian Shield. To date, the G&M has lodged 23 Exploration Licence Applications, of which four have been granted. KEFI is advancing its Jibal Qutman project through Pre-Feasibility Study with a view of applying for its first mining licence.
The Kingdom of Saudi Arabia has instituted policies to encourage minerals exploration and development and KEFI Minerals supports this priority by serving as the technical partner within G&M. ARTAR also serves this Government policy as the major partner in G&M, which is one of the early movers in the modern resurgence of the Kingdom's minerals sector.
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