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KEFI Minerals: No Slowing Down in Saudi Arabia

Contributed by Fox-Davies Capital

KEFI Minerals released its latest drill results from Jibal Qutman in early December, returning good intersections including 7m at 6.13g/t Au and trench samples of 15m at 4.67g/t Au.

This rounded off a very good year for KEFI as it secured a further three licenses in Saudi Arabia and ramped up its exploration work, through its G&M JV with leading Saudi construction and investment group Abdulrahman Saad Al-Rashid & Sons Company (ARTAR). Although early stage, KEFI has some very prospective licenses in Saudi Arabia which are now starting to return good results. This should generate a strong and positive news flow over the coming months, with follow up drilling planned at Selib North and Jibal Qutman.

With potential further licenses being granted this year and the possibility of acquiring others, KEFI will be able to consolidate its first mover advantage in the country.