Company Information for Kefi Minerals Plc

AIM-KEFI

http://www.kefi-minerals.com

View video

KEFI_Minerals_23April08.pdf

Company stock charts - 12 Month chart

AIM; KEFI

View full financial data

Company Statement

KEFI Minerals commenced trading on AIM (Code “KEFI”) in December 2006. EMED Mining contributed initial assets and retains a 32% shareholding.

KEFI Minerals owns exploration licences in Turkey as well as an extensive database containing information about numerous prospective sites in the region, providing a pipeline of exploration targets.

Turkey which has achieved global renown in the last two years as a prolific minerals area and is a well established mining country with a supportive government.

Our exploration strategy for operating in Turkey and Bulgaria is based on the following concepts:

selecting areas within prospective stratigraphic and structural settings with a high potential for base metal or gold mineralisation;
acquisition of exploration licences are inexpensive to acquire and explore;
exploring projects as a package rather than individual isolated prospects;
rapidly identifying, prioritising and assessing targets;
rapidly progressing targets for further work or relinquish the licences;
utilising existing contacts and knowledge developed by EMED Mining;
creating new contacts and further developing knowledge using an established local team; and
utilising technical, commercial and political support from EMED Mining as required.

Current Operations

KEFI Minerals has the following projects in Turkey:

Artvin and Gumushane in in northeastern Turkey;
Karalar in central Turkey;
Derinin Tepe, Muratdag, Meyvali, Karalar and Yatik in western Turkey; and
Bakir Tepe in southwestern Turkey.

All of these projects are 100% owned by KEFI Minerals, except for Artvin.

The Artvin Project comprises fifteen exploration licences covering an area of 253 square kilometres on predominantly state forestry land. TSX-listed Centerra Gold is earning an interest in the Artvin Project under the terms of a Joint Venture Agreement announced in October 2008. The funding provided by Centerra enables KEFI Minerals to accelerate exploration at Artvin and a drilling program commenced in November 2008.

Areas of extensive hydrothermal alteration have been recognised in the licence area and numerous, small historical base-metal mines. These were exploited by Turkish and Russian miners during the last 150 years. More recently, in the 1990s, the area was explored for copper by Rio Tinto, Placer Dome and BHP, however exploration work was largely reconnaissance in nature. Nuinsco Resources are currently exploring the large Berta porphyry copper-gold prospect which is located adjacent to the southwest corner of the Artvin Project area.

The Gumushane Project comprises four exploration licences covering an area of 68 square kilometres on predominantly farming land in the Gumushane province of northeastern Turkey. KEFI Minerals has evidence of gold anomalies identified by stream geochemical surveys and zones of extensive hydrothermal alteration have been recognised in the project area, as well as coincident areas of interest identified in the Aster data interpretation.

The Gumushane Project is located within a geologically favourable Jurassic volcanic-sedimentary sequence. The area is conducive for potential bulk tonnage replacement and epithermal style mineralisation. Very little previous exploration has taken place in this area and it should be regarded as grassroots type exploration.

KEFI Minerals completed seventeen diamond drillholes at Derinin Tepe during 2007 and 2008. Dirlling identified gold-silver mineralisation in low-sulphidation epithermal quartz veins with cumulative strike lengths of over 2km and widths of up to 8m at surface.

Geographical Spread

Turkey

Board of Directors and Key Management

Harry Anagnostaras-Adams, Non-Executive Chairman

Jeff Rayner, Managing Director

Ian Plimer, Non-Executive Deputy Chairman

John Leach, Finance Director (part-time)

Venelin Jelev, Adviser - Bulgaria

Omer Celenk, Adviser - Turkey

Company Address

Yali Caddesi No.304, Yali Apartments, 4th Floor, Apt 9
Karsiyaka, Izmir, Turkey 35501


Telephone:	+90 232 381 9431 or 9846
Facsimile:	+ 90 232 381 9071
Email:	info[at]kefi-minerals.com
Website:	http://www.kefi-minerals.com

Additional Address/Key Contact

Jeff Rayner, Managing Director
Mobile Phone: +90 533 928 19 13

Capital

As at 20 November 2008, KEFI Minerals had on issue: 129.6 million shares

Annual General Meeting

TBA

Year End

31 December

Nominated Brokers

WH Ireland, Fox-Davies Capital

Nominated Advisors

WH Ireland

Major Shareholders

As at 20 November 2008:

EMED Mining (32%)

Starvest Plc (15%)

Directors, Management and their families (5%).

Most Recent Statement

13/11/08 - Commencement of Drilling at Artvin Project
23/10/08 - Joint Venture of Artvin Project, Turkey
25/09/08 - Interim Results
10/09/08 - Fox-Davies Capital Appointed as Joint Broker
11/08/08 - Geophysical Survey Identifies Drill Targets at Bakir Tepe Project
10/07/08 - Exploration Update on Artvin Project

To top