KEFI Gold and Copper Expands Strategic Resources in Saudi Arabia with New Exploration Licence

An announcement from KEFI Minerals ( (GB:KEFI) ) is now available.

KEFI Gold and Copper PLC announced the awarding of the Umm Hijlan Exploration Licence to its GMCO joint venture in Saudi Arabia, a significant development that enhances its strategic position in the Arabian-Nubian Shield. This new licence could substantially increase the mineral resources of the existing Hawiah Copper-Gold-Zinc-Silver Project, with potential to bolster the project’s economic viability and elevate its standing among global VMS deposits. The company plans to conduct an ambitious exploration program to rapidly define resources and integrate them into mine planning, highlighting KEFI’s commitment to optimizing shareholder value through resource expansion.

More about KEFI Minerals

KEFI Gold and Copper PLC is a mineral exploration and development company focused on the Arabian-Nubian Shield. The company’s primary products include gold and copper, and it operates primarily through its joint venture, Gold and Minerals SLA (GMCO), in Saudi Arabia. KEFI is engaged in the exploration and development of mineral resources, with a strategic focus on expanding its resource base in the region.

YTD Price Performance: 1.67%

Average Trading Volume: 49,525,929

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £38.99M

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