Proactiveinvestors Australia

KEFI Minerals is a dynamic exploration Company focussed on exploring for world-class mineral deposits in the well-endowed and under-explored Tethyan Mineral Belt of Turkey and Arabian Shield of Saudi Arabia. Following its listing in late 2006, KEFI Minerals has established itself as an innovative gold and copper exploration Company and has quickly expanded its exploration portfolio.

In Turkey, we are primarily targeting large low-sulphidation epithermal gold systems and porphyry-style gold-copper systems, analogous to several >1 million ounce gold deposits recently discovered and developed in the western part of the country. KEFI Minerals recently expanded its sphere of interest with the formation of a new minerals exploration joint venture within the Kingdom of Saudi Arabia. In Saudi Arabia, we are exploring for mesothermal vein-hosted gold mineralisation, listwaenite-hosted gold deposits and Kuroko-style volcanogenic copper-zinc mineralisation.

The Company has a strong Board of Directors and management team with highly demonstrable track records in the resources industry in Australia and Europe. Their aim is expand the company through the discovery, acquisition and development of high quality precious and base metal projects. Our reputation has been built on treating safety, environment and community relations as a priority at all times. KEFI Minerals also has an extensive proprietary exploration database that contains information about approximately 100 prospective sites in Turkey. This database provides the Company with a competitive advantage to identify prospective areas for project generation in Turkey.

KEFI Minerals commenced trading on AIM (Code “KEFI”) in December 2006. EMED Mining contributed the initial assets and retains a 25% shareholding in the Company. EMED Mining has agreed to provide technical and administrative systems and personnel to KEFI Minerals on a cost-recovery basis, thus enabling KEFI Minerals to reduce overheads and spend more on exploration.

Strategy

Our aim is to add value to our projects and create wealth for our stakeholders through the cost-effective discovery or acquisition and subsequent development of gold and base metal deposits. Concurrent with exploring its current core projects, the Company also seeks to generate or acquire additional high quality exploration projects at low cost and to advance these quickly and cost effectively to the drilling stage.

KEFI Minerals’ exploration strategy is based on the following concepts:

• Combining strong international and local knowledge in exploration models and techniques;
• Selecting areas within prospective stratigraphic and structural settings with a high potential for gold or base metal mineralisation;
• Exploring projects as a package rather than individual isolated prospects;
• Rapidly identifying, prioritising and assessing targets;
• Creating new contacts and further developing knowledge using an established local team;
• Utilising technical and commercial support from EMED Mining as required.

KEFI Minerals’ extensive exploration database provides the Company with a competitive advantage to identify prospective areas for project generation in Turkey. Monitoring of the exploration licence status of geologically prospective areas will be carried out on an ongoing basis so that KEFI Minerals can acquire further exploration opportunities as soon as they become available.

Since listing, we have successfully expanded our exploration portfolio in Turkey and currently have 21 Explorations Licence applications pending in the Kingdom of Saudi Arabia. We have also assessed and relinquished a number of licences in Turkey that did not live up to earlier expectations. 

Turkey

KEFI Minerals currently has six exploration projects in Turkey:

Derinin Tepe, in the Western Anatolia Region, where extensive low-sulphidation epithermal quartz veins with gold and silver mineralisation have been identified. Drilling by KEFI Minerals has returned intercepts of up to 2.85m at 16.05g/t gold and 54.8g/t silver.

Artvin, in the Northeast Pontides Region, where extensive hydrothermal alteration with anomalous gold and base metal mineralisation has been recognised, possibly related to a porphyry-style or volcanogenic massive sulphide-style deposit. The project is subject to a joint venture with Centerra Gold Inc. Drill testing by KEFI Minerals of geochemical and geophysical targets has returned intercepts of up to 2m at 20.9g/t gold and 47.4g/t silver and 64m at 0.35% zinc.

Bakir Tepe, in the Western Anatolia Region, is prospective for Cyprus-style volcanogenic massive sulphide-style copper-gold mineralisation. The project is subject to a joint venture with Centerra Gold Inc. Drill testing by KEFI Minerals of geophysical targets has confirmed the prospectivity of the geological setting but failed to return significant assay results.

Gumushane, in the Central Pontides Region, exhibits extensive hydrothermal alteration identified through interpretation of ASTER data.

Hasancelebi, in the Central Anatolia Region, is prospective for high-sulphidation epithermal gold mineralisation and Iron-Oxide Copper-Gold (“IOCG”) mineralisation.

Muratdag, in the Western Anatolia Region, is prospective for Carlin-style epithermal gold mineralisation.

For more information please CLICK HERE.

Saudi Arabia

KEFI Minerals currently has 21 Exploration Licence applications in Saudi Arabia:

In the Kingdom of Saudi Arabia, KEFI Minerals has a minerals exploration joint venture, the Gold & Minerals (“G&M”) Joint Venture, with a leading Saudi construction and investment group, Abdulrahman Saad Al-Rashid & Sons Company Limited ("ARTAR"). KEFI Minerals is the operating partner with a 40% interest. The G&M Joint Venture's primary objective is the discovery and development of a >1 million ounce gold deposit in the under-explored and highly prospective Precambrian Shield in Saudi Arabia.

The KEFI Minerals team has been evaluating potential joint ventures and prospects in the Kingdom of Saudi Arabia since mid-2008. The Company’s geologists have compiled a large database of mineral occurrences and historic workings, geological maps, topographic maps, aeromagnetic survey data, and remote sensing data for this region. This database has allowed for rapid identification and quality assessment of mineral occurrences and ancient workings, and selective targeting for potentially major mineral deposits.

G&M Joint Venture

In May 2009, KEFI Minerals announced the formation of a new minerals exploration joint venture, the Gold & Minerals (“G&M”) Joint Venture, with leading Saudi construction and investment group Abdulrahman Saad Al-Rashid & Sons Company Limited (“ARTAR”). KEFI Minerals is the operating partner with a 40% shareholding of G&M with ARTAR holding the remaining 60%.

KEFI Minerals will provide technical advice and assistance to G&M, including personnel to manage and supervise all exploration and technical studies. ARTAR will provide administrative advice and assistance to ensure G&M remains in compliance with all governmental and other statutory procedures.

For more information please CLICK HERE.

Harry Anagnostaras-Adams, Non-Executive Chairman

Harry Anagnostaras-Adams is currently Managing Director of AIM-listed EMED Mining Public Limited. He was formerly Managing Director of ASX and AIM-listed Gympie Gold Limited, Deputy Chairman of the Australian Gold Council, Executive Director of investment company Pilatus Capital Limited and General Manager of investment company Clayton Robard Limited. He was an inaugural Senior Investment Manager in Australia for Citicorp Capital Investors Limited and was manager of Australian mergers and acquisitions for CitiNational Merchant Bank. He has a Bachelor of Commerce (in Systems and Finance) from the University of New South Wales. He qualified as a Chartered Accountant while working with PricewaterhouseCoopers and has a Master of Business Administration from the Australian Graduate School of Management.

Jeff Rayner, Managing Director

Jeff Rayner is a geologist with over 24 years’ experience in gold exploration and mining in Australia, Europe and Asia. He started his career in Australia with BHP Gold and later Newcrest Mining Limited. He was involved in the early exploration discovery of the Cracow and Gosowong epithermal deposits and the Cadia Hill deposit, currently all of which are operating mines. In 1998, He joined Gold Mines of Sardinia plc as exploration manager, responsible for exploration and mining in Sardinia and project generation in Europe. During part of his time at Gold Mines of Sardina plc, he lead the exploration discovery of the Monte Ollasteddu gold deposit in Sardinia. He joined EMED Mining in 2006 and managed its Eastern European projects, resulting in the early drill discovery of the Biely Vrch gold deposit in central Slovakia. He became Managing Director of KEFI Minerals in November 2006. He is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Society of Economic Geologists.

Ian Plimer, Non-Executive Deputy Chairman

Ian Plimer (B.Sc. [Hons], PhD, FTSE, FGS, FAIMM) is Professor of Mining Geology at The University of Adelaide (2005-present) and was previously Professor and Head of Earth Sciences (University of Melbourne 1992-2005) and Professor and Head of Geology (University of Newcastle (1985-1991). Previously he worked in the Australian mining industry and at various universities. He is a prominent Australian geologist, has published 130 scientific papers, seven books and is a regular broadcaster. He was director of CBH Resources Ltd (ASX:CBH) from 1998 until takeover in 2010 and sits on the boards of Ivanhoe Australia Ltd (ASX:IVA; TSX:IVA; lead director plus Audit, Safety, Remuneration Committees), Ormil Energy Ltd (ASX:OMX; plus Safety and Audit Committees) and the unlisted TNT Resources Ltd.

John Leach, Finance Director (part-time)

John Leach has over 25 years’ experience in senior executive positions in the mining industry internationally and is currently also the Finance Director of EMED Mining. He holds a Bachelor of Arts (Economics) degree and a Master of Business Administration. He is a Member of the Institute of Chartered Accountants (Australia), a Member of the Canadian Institute of Chartered Accountants, and is a Fellow of the Australian Institute of Directors.

As at 23 January 2012, KEFI Minerals had on issue:

 365,179,689 Ordinary Shares; and
 27,945 million options and warrants with exercise prices of 1p to 7p.

The significant shareholders in KEFI are:

 EMED Mining (18.5%);
 BARCLAYSHARE Nominees Limited (8.5%); 
 TD Waterhouse Nominees (Europe) Limited (11%); 
 Starvest Plc (5%); 
 L R Nominees Limited (6%); 
 HSDL Nominees Limited (2%); 
 James Capel Nominees Limited (7%); 
 Directors, Management and their families (2%).

The above significant shareholdings total to 60% and are the only shares considered not to be in public hands.