Transaction date: Feb 12 Transaction type: Placing Amount: £1.85M
KEFI Minerals is an exploration Company focused 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, the focus is 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. In Saudi Arabia, exploration is focused on mesothermal vein-hosted gold mineralisation, listwaenite-hosted gold deposits and Kuroko-style volcanogenic copper-zinc mineralisation.
The Company's aim is to expand through the discovery, further acquisition and development of high quality precious and base metal projects.
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