Kefi Minerals, an AIM-listed gold and copper exploration company, has been awarded two mineral exploration licences in Saudi Arabia.
The licences, which are for a period of five years, are located in the Central Arabian Gold Region, and have been awarded to a joint venture company in which
Kefi Minerals has a 40% interest. Kefi is the operating partner in the joint venture.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Jeff Rayner, Managing Director of Kefi Minerals said: "Our geologists will commence field work immediately at Hikyrin and Hikyrin South, and continue to progress exploration work at the new gold finds at Selib North."
The share price rose 7.41% to 4.35p by 08:26.
NR
-
The top areas for buy-to-let rental yieldsRental growth is slowing and regulations are rising but landlords can still earn a decent return from property investing.
-
Review: Cobblers Cove, Barbados – your hotel home in the CaribbeanMoneyWeek Travel Cobblers Cove is a beautiful, family-run retreat on the island of Barbados
