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Sula Iron & Gold, Herencia, Kefi Minerals and Chaarat Gold at next Thursday's investor forum

Published: 02:00 21 Jun 2014 AEST

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Taking to the stage at the Chesterfield Mayfair Hotel on June 26 will be Herencia Resources (LON:HER), KEFI Minerals (LON:KEFI), Sula Iron & Gold (LON:SULA) and Chaarat Gold (LON:CGH).

Please ensure you don't miss out by booking your place HERE.

Sula Iron is a mining exploration group followed closely by the team here at Proactive Investors. 

It owns the 153 sq km Ferensola iron ore and gold project in Sierra Leone’s Sula-Kamgari greenstone belt. 

Earlier this year, it took the unprecedented step for a company of its size and limited financial resources of commissioning the world renowned mining consultants at SRK to assess just how much its property is worth. SRK’s technical valuation, although really only representing a baseline assessment of the property’s worth, came in at almost $37mln, or three times the firm’s current capitalisation. 

Meanwhile, SRK’s maximum potential valuation for the iron ore and gold property is US$200mln – or 13 times Sula’s market worth. Here to tell us how he plans to unlock that value is Nick Warrell, Sula’s chief executive.

This is an important and significant year for Kyrgyzstan-focused Chaarat Gold, which is on schedule to complete a definitive feasibility for its namesake project. Anticipation is already building, particularly following April’s 20% increase in the measured and indicated resources. The Chaarat project now boasts 3.59mln ounces (Moz), at a grade of 3.3 grams a tonne, following drilling last year. 

With grades way above average for a large scale mine, Chaarat draws favour because of robust economics regardless of prevailing gold prices, it won’t be another heavily geared mine, at risk from volatile metal prices. Once operational, the mine is expected to produce more than 200,000 ounces of gold a year. Dekel Golan, chief executive will join us to provide further insight.

Herencia Resources recently made what it termed a “dream start” to its drilling programme at the Picachos copper project in Chile. So far, results from nine holes have been returned from the lab and the copper grades and widths described as extremely encouraging. Graeme Sloan, Herencia's managing director, recently said: “If this style and tenor of shallow mineralisation continues, it could potentially be a 'game-changing' milestone for Herencia." With any luck, results from the rest of the drilling programme will be available by the time the South America-focused explorer presents at the Chesterfield and the scale of the opportunity that much more visible. Joining us will be Graeme Sloan, managing director.

KEFI Minerals (LON:KEFI) has barely paused for breath since it took on the Tulu Kapi gold project in Ethiopia last year. Now with full ownership, the indicated resource has already risen by two-thirds and the resource overall by 10% under its stewardship.First production is scheduled for 2016 with a target of 1.2mln ounces in the early stages at a very competitive all–in cost of US$700mln per ounce.

Once up and running it will be only the second working gold mine in Ethiopia. But there are other strings to Kefi’s bow, most notably the Jibal Qutman joint venture in Saudi Arabia, which is at an earlier stage of development but still progressing rapidly. A mining licence application will be lodged in the next three months while financing and a definitive feasibility study are lined up for the remainder of the year. We will have Jeff Rayner, managing director updating us on their progress.

Please join us at 5:45pm to allow for a prompt 6pm start. Each company has around 30 minutes to give a short presentation and for Q&A.  This will be followed by the 'Champagne Raffle' where six guests will win a bottle each. 

The evening will end with a complimentary bar and an assortment of hot and cold canapes, giving you the opportunity to speak with the directors and other investors.

£5.5mln fundraise sees KEFI Minerals fully funded for Tulu Kapi construction

Harry Adams, executive chairman of KEFI Minerals plc (LON:KEFI), tells Proactive's Andrew Scott they've raised £5.5mln through a placing and subscription to pay the costs of closing the financing deals at the project level for the construction of their Tulu Kapi Gold Project in...

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