KEFI Minerals raises over £660k in conditional placing
11th May 2015 15:01
Exploration and development group KEFI Minerals has raised £666,106 through a conditional share placing. The London-listed company said it had placed 66.6m new shares at 1p each, after opting against proceeding with a placing it had previously agreed with Goldfields Resources Fund. The deadline for
Read moreKefi Minerals awarded second major licence in Saudi Arabia
8th Dec 2014 11:34
AIM-listed gold miner Kefi Minerals has been awarded its second major licence in Saudi Arabia. The 95 square kilometre Hawiah Exploration Licence has been granted to Kefi's partner, Abdul Rahman Saad Al-Rashid & Sons Company on behalf of the Kefi-operated Gold and Minerals joint venture company. "E
Read moreKefi Minerals' H1 losses increase to £1.9m
11th Sep 2014 10:51
Kefi Minerals, a gold exploration company, saw shares fall on Thursday as its losses in the first six months of the year more than doubled. The company, which is yet to generate any revenues from its assets in Ethiopia and Saudi Arabia, increased its loss before tax to £1.9m in the first half compar
Read moreKefi Minerals makes progress on Ethiopian project
20th Jun 2014 10:34
AIM-listed gold explorer Kefi Minerals has taken a step towards building its Tulu Kapi project in Ethiopia. The results from an extra drill hole show strong gold mineralisation at Tulu Kapi, with best results of 12m at 4.23 gross tonnage. The group has completed field work and classified 90% of th
Read moreNumis Chief reduces stake with sale of 3m shares
11th Jun 2014 15:50
Oliver Hemsley, the Chief Executive Officer of Numis, has traded in three million shares, reducing his stake by almost a quarter to 9.4m. The 270p-a-share disposal generated £8.1m. The sale comes around one month after the group posted a 59% jump in first half revenue at £51.5m. Adjusted pre-t
Read moreNyota Minerals agrees sale of final Tulu Kapi stake to Kefi Minerals
11th Jun 2014 09:31
Gold explorers Nyota Minerals and Kefi Minerals have signed a conditional agreement for Nyota to sell its final 25% interest in the Tulu Kapi Gold Project to Kefi for a total of £1.5m. Under the deal, Nyota will receive £0.75m in cash and 50m new Kefi shares. This will take its stake in Kefi from
Read moreKEFI Minerals targets reactivation of Tulu Kapi in 2015
1st Apr 2014 11:46
With a two-month drilling programme under way, KEFI Minerals said it has begun moving its focus from exploration to development. Having acquired the Tulu Kapi gold project in Western Ethiopia in December the AIM-listed company immediately re-opened it with a view of reactivating the Mining Licence
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreNyota Minerals evaluating new assets after Tulu Kapi sell-down
14th Mar 2014 13:13
Ethiopia-focused gold miner Nyota Minerals said it is looking to evaluate new assets to add to its portfolio after selling off the bulk of its stake in the Tulu Kapi Gold Project during the first half. Nyota sold 75% of its Ethiopian subsidiary, which owns Tulu Kapi, to AIM-listed KEFI Minerals for
Read moreKEFI Minerals firms up size of Saudi gold resource
6th Mar 2014 14:19
Gold and copper explorer KEFI Minerals has increased the size of one if its Saudi Arabian projects and has been able to reclassify the resource from the inferred category to the indicated. The Jibal Qutman project has been raised 3.2% to a JORC-compliant total indicated resource of 495,194 oz of go
Read morePresident Petroleum Chairman adds to already sizeable stake
12th Jul 2013 15:27
The Chairman of South America-focused oil and gas group President Petroleum has added to his already sizeable stake in the company with the stock trading at the year's lowest level. On Thursday, the same day the stock closed at a 52-week low of 15.38p, Peter Levine spent £527,000 buying 3.4m shares
Read moreKefi Minerals discovers gold mineralisation in Western Zone of Jibal Outman
12th Apr 2013 09:23
AIM-listed gold and copper exploration company KEFI Minerals, has discovered new shear zone hosted gold mineralisation in the Western Zone at Jibal Qutman. The company published an operational update on its trench channel sampling and drilling results from its second drilling programme at the Jibal
Read moreKefi Minerals reports encouraging results from Saudi prospect
23rd Jan 2013 09:25
Gold and copper exploration company Kefi Minerals said Wednesday its Jibal Qutman Licence in Saudi Arabia has delivered 'encouraging' results after completing the initial phase of drilling. Its 40% owned licence with Saudi partner Abdul Rahman Saad Al-Rashid & Sons Company returned a positive outco
Read moreKefi Minerals upbeat on Saudi results
4th Dec 2012 09:03
Saudi Arabia-focused Kefi Minerals fell five per cent when it opened on Tuesday after drilling results disappointed some investors. The firm reported 35 diamond drill holes had been completed at its Jibal Qutman licence, where it tested the shallow open cut potential of the gold mineralisation. It
Read moreResource round-up: Kefi Minerals, San Leon, New World Oil & Gas
24th Sep 2012 12:09
Gold and copper explorer Kefi Minerals rose on Monday after it reported promising initial drill results at its Selib North site in Saudi Arabia. Numerous dykes were found that were not evident at surface, the firm said. It added that they could potentially converge to a larger 'parent stock' at dept
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