Kefi Minerals granted two new licences

4th Jan 2012 08:20

Kefi Minerals, an AIM-listed gold and copper exploration company, has been awarded two mineral exploration licences in Saudi Arabia for its gold and minerals joint venture. The licences, which are for a period of five years, are located in the Central Arabian Gold Region. Kefi Minerals has a 40% interest in the joint venture and is the operating partner. Jeff Rayner, Managing Director of Kefi Minerals said: "We are delighted to have been granted a further two exploration licences in a highly prospective part of the Central Arabian Gold Region. 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 08:26AM. NR