So far KEFI has completed mapping, trenching and sampling operations on the projects. Later in the current quarter drill work will begin.
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KEFI Minerals is a dynamic exploration Company focussed on exploring for world-class mineral deposits in the well-endowed and under-explored Tethyan Mineral Belt of Turkey and Arabian Shield of Saudi Arabia. Following its listing in late 2006, KEFI Minerals has established itself as an innovative gold and copper exploration Company and has quickly expanded its exploration portfolio.
05/04/12
KEFI Minerals Exploration Update22/02/12
Trading Update and Completion of Placing17/02/12
Conditional Completion of Placing16/01/12
Non Exercise of Option04/01/12
Two Exploration Licences Granted in Saudi Arabia05/04/12
So far KEFI has completed mapping, trenching and sampling operations on the projects. Later in the current quarter drill work will begin.
28/07/11
It’s been a long drawn out process. Kefi is one of the very earliest non-Saudi exploration companies to enter the Arabian Shield, and has a distinct first-mover advantage, writes Wendy Durham.
08/10/10
The gold explorer has been trading strongly as interest surrounding its new Saudi Arabian venture hots up. Unveiling plans for a £625,000 cash call, managing director Jeffrey Rayner also gave a particularly bullish assessment of the company's prospects.
07/09/10
With established expertise in Turkey, and a rapidly growing awareness of both precious and base metals potential in Saudi Arabia, Kefi Minerals are well placed to go places.
03/08/09
Transcript of recent audio interview with Jeff Rayner, Managing Director of Kefi Minerals (AIM: KEFI), a junior mining company exploring in Eastern Europe and eyeing up Saudi Arabia.
05/04/12
KEFI Minerals reveals high grade gold samples from Saudi Arabia prospects22/02/12
KEFI Minerals completes placing for £1.85 mln17/02/12
KEFI Minerals raises £1.85 million to explore Saudi licences - UPDATE17/02/12
KEFI Minerals raises £1.85 million to explore Saudi licences16/01/12
KEFI Minerals not proceeding with option on Moroccan project04/01/2008
01/02/2007
KEFI Minerals is a dynamic exploration Company focussed on exploring for world-class mineral deposits in the well-endowed and under-explored Tethyan Mineral Belt of Turkey and Arabian Shield of Saudi Arabia. Following its listing in late 2006, KEFI Minerals has established itself as an innovative gold and copper exploration Company and has quickly expanded its exploration portfolio.
In Turkey, we are primarily targeting large low-sulphidation epithermal gold systems and porphyry-style gold-copper systems, analogous to several >1 million ounce gold deposits recently discovered and developed in the western part of the country. KEFI Minerals recently expanded its sphere of interest with the formation of a new minerals exploration joint venture within the Kingdom of Saudi Arabia. In Saudi Arabia, we are exploring for mesothermal vein-hosted gold mineralisation, listwaenite-hosted gold deposits and Kuroko-style volcanogenic copper-zinc mineralisation.
The Company has a strong Board of Directors and management team with highly demonstrable track records in the resources industry in Australia and Europe. Their aim is expand the company through the discovery, acquisition and development of high quality precious and base metal projects. Our reputation has been built on treating safety, environment and community relations as a priority at all times. KEFI Minerals also has an extensive proprietary exploration database that contains information about approximately 100 prospective sites in Turkey. This database provides the Company with a competitive advantage to identify prospective areas for project generation in Turkey.
KEFI Minerals commenced trading on AIM (Code “KEFI”) in December 2006. EMED Mining contributed the initial assets and retains a 25% shareholding in the Company. EMED Mining has agreed to provide technical and administrative systems and personnel to KEFI Minerals on a cost-recovery basis, thus enabling KEFI Minerals to reduce overheads and spend more on exploration.
Strategy
Our aim is to add value to our projects and create wealth for our stakeholders through the cost-effective discovery or acquisition and subsequent development of gold and base metal deposits. Concurrent with exploring its current core projects, the Company also seeks to generate or acquire additional high quality exploration projects at low cost and to advance these quickly and cost effectively to the drilling stage.
KEFI Minerals’ exploration strategy is based on the following concepts:
KEFI Minerals’ extensive exploration database provides the Company with a competitive advantage to identify prospective areas for project generation in Turkey. Monitoring of the exploration licence status of geologically prospective areas will be carried out on an ongoing basis so that KEFI Minerals can acquire further exploration opportunities as soon as they become available.
Since listing, we have successfully expanded our exploration portfolio in Turkey and currently have 21 Explorations Licence applications pending in the Kingdom of Saudi Arabia. We have also assessed and relinquished a number of licences in Turkey that did not live up to earlier expectations.
KEFI Summary of Key Projects
KEFI Minerals owns exploration licences in Turkey and has applications for further exploration licences in Saudi Arabia as well owning as an extensive database containing information about numerous prospective sites in the region, providing a pipeline of exploration targets.
Turkey
KEFI Minerals has the following projects in Turkey:
Artvin and Gumushane in northeastern Turkey
Derinin Tepe and Muratdag in western Turkey;
Bakir Tepe in southwestern Turkey; and
Hasancelebi in central Turkey.
All of these projects are 100%-owned by KEFI Minerals.
Saudi Arabia
The KEFI Minerals team has been evaluating potential joint ventures and prospects in the Kingdom of Saudi Arabia since mid-2008. The Company’s geologists have compiled a large database of mineral occurrences and historic workings, geological maps, topographic maps, aeromagnetic survey data, and remote sensing data for this region. This database has allowed for rapid identification and quality assessment of mineral occurrences and ancient workings, and selective targeting for potentially major mineral deposits.
G&M Joint Venture
In May 2009, KEFI Minerals announced the formation of a new minerals exploration joint venture, the Gold & Minerals (“G&M”) Joint Venture, with leading Saudi construction and investment group Abdulrahman Saad Al-Rashid & Sons Company Limited (“ARTAR”). KEFI Minerals is the operating partner with a 40% shareholding of G&M with ARTAR holding the remaining 60%.
KEFI Minerals will provide technical advice and assistance to G&M, including personnel to manage and supervise all exploration and technical studies. ARTAR will provide administrative advice and assistance to ensure G&M remains in compliance with all governmental and other statutory procedures.
Board of Directors
Harry Anagnostaras-Adams, Non-Executive Chairman
Jeff Rayner, Managing Director
Ian Plimer, Non-Executive Deputy Chairman
John Leach, Finance Director (part-time)
FOR DETAILED INFORMATION ON KEFI'S DIRECTORS CLICK HERE
Senior Management
Omer Celenk, Adviser - Turkey
Doug Cook, Principal Geologist
Sergio Di Giovanni, Metallurgist Consultant
FOR DETAILED INFORMATION ON KEFI'S SENIOR MANAGEMENT CLICK HERE
Broker
Fox-Davies Capital
Whitefriars House
6 Carmelite Street
London EC4Y 0BS
United Kingdom
Share Registrar
Share Registrars Limited
Craven House
West Street, Farnham
Surrey GU9 7EN
United Kingdom
http://www.shareregistrars.uk.com
Nominated Adviser
Fox-Davies Capital
Whitefriars House
6 Carmelite Street
London EC4Y 0BS
United Kingdom
Jeff Rayner, Managing Director
Mobile Phone: +90 533 928 1913 (Turkey) or +966 535 004 480 (Saudi Arabia)
Omer Celenk, General Manager
Mobile Phone: +90 533 441 1344 (Turkey)
Exploration Office (Aramalar Ofisi)
Cemal Gursel Caddesi Yali Apt.
No.304 Kat:4 D.9
35600 Karsiyaka
Izmir, Turkey
Tel: +90 232 381 9431 or 232 381 9486
Fax: + 90 232 381 9071
Email: info@kefi-minerals.com
Exploration Office – Saudi Arabia
Villa No: 14, Khawlah Bint Al Azwar Street (112)
Al Shate’e District / 3
N35W20 SectorJeddah, Saudi Arabia