Company Information for Kefi Minerals Plc

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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; and
• Derinin Tepe, Muratdag, Meyvali, Karalar and Yatik in western Turkey.

All of these projects are 100% owned by KEFI Minerals.

The Artvin Project comprises fifteen exploration licences covering an area of 253 square kilometres on predominantly state forestry land.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 a nine-hole diamond drilling program at Derinin Tepe in mid-2007. The first three drillholes all intersected significant widths of 3-4m of mineralised backfill associated with ancient workings at the expected position of the epithermal quartz veins at depth. Given that the ancient mining techniques required high gold grades in quartz veins for economic extraction, the significant lateral and vertical extent of the ancient workings attests to the potential of the epithermal quartz veins at Derinin Tepe to host shoots of high-grade gold mineralisation.

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, Turkey Izmir 35501 Telephone: +90 232 381 9431 or 232 3 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 5369 630 111 or + 357 99 206 404

Capital As at 4 January 2008, KEFI Minerals had on issue:108.83 million shares

Annual General Meeting TBA

Year End 31 December

Nominated Brokers WH Ireland

Nominated Advisors WH Ireland

Major Shareholders

As at 4 January 2008:

EMED Mining (32%)

Starvest Plc (17%)

Directors, Management and their families (9%).

Related News

23/01/08 - Kefi Minerals Waits For The Snow to Melt
20/06/07 - Kefi has a Strong Turkish Flavour
20/12/06 - Kefi Minerals Lists On AIM With EMED’s Assets In Turkey And Bulgaria Under Its Belt.

Most Recent Statement

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
01/07/08 - Drilling Results From Derinin Tepe Prospect
17/06/08 - Grant of Bakir Tepe Exploration Licences