KEFI Gold and Copper Plc (LON:KEFI), the gold and copper exploration and development company, which has focused on the Arabian-Nubian Shield since 2008, has announced an update regarding the Company’s arrangements in the Kingdom of Saudi Arabia, where KEFI’s minority-owned Gold & Minerals Ltd joint venture is growing rapidly, whilst in in Ethiopia KEFI continues its preparations to launch the high-grade Tulu Kapi Gold Project.
Background
The successful overhaul of the Saudi Arabian minerals sector has triggered an inrush of investors, miners and explorers. In the view of the board, the global interest in, and the growth momentum of the Arabian Nubian Shield, and Saudi Arabia in particular, surpasses that of any other region globally. KEFI and its partner ARTAR’s foresight to have formed the GMCO joint venture in 2008 has provided a first mover advantage that has seen GMCO amass over 1,000 square kilometres of ground selected from GMCO’s proprietary database, focusing on some of the most prospective exploration targets in Saudi Arabia.
